NOT LISTED FOR SALE

Estimated Value: $3,247,000 - $12,922,346

6 Beds
8 Baths
7,720 Sq Ft
$1,047/Sq Ft Est. Value

Sale Details

Date Sold: June 4, 2024

Last sale price $13,465,371 $1,744 Per Sq Ft

Est. 42% decrease in value since last sale

Current estimated payment $43,954 / mo

353 Days on Market

Highlights

  • Ocean Front
  • Boat Ramp
  • Concrete Pool
  • Detached Guest House
  • Boat Lift
  • 1.35 Acre Lot

About This Home

As of June 2024

Just minutes from Key West, Tarpon Ranch is Summerland Key's finest private estate and the epitome of relaxed elegance. Designed by one of the best, it's a masterful union of architectural splendor with the casual atmosphere that defines the Keys lifestyle. Through the custom front gates, past a custom bronze tarpon fountain to a jaw dropping porte-cochere with exposed Ipe wooden trusses & columns are exquisite details everywhere your eyes focus. Dramatic 19' soaring cathedral ceilings, distressed & stained pine beams, magnificent Ipe pillars & custom 10 ft nano impact mahogany doors that completely open the whole house up to view the Atlantic. One of a kind heated and chilled, salt water infinity pool, competition depth with inlaid tarpon lane (25 yards) and even a swim up bar with stools. The 6 bedrooms, 6 full & 2 1/2 baths, are evenly split between the main house and the guest house by a covered breezeway. The huge great room wraps around a stunning chef's kitchen with top of the line Viking, Subzero & Miele appliances, blue labradorite granite counters w/custom inset nautilus shells. The great room also includes a casual dining area & a full custom walnut bar with ice maker, dishwasher, wine cooler & 2 subzero refrigerator drawers. Dine in a formal dining room or cook next to the pool in your indoor outdoor kitchen w/top of the line Lynx Professional & Kalamazoo appliances which opens directly to the indoor or outdoor sun room. A 520 bottle wine room, whole home generator, 330 gallon aquarium, enormous carport parking for at least 6 flats boats & multiple cars w/direct access to boat ramp, 100' seawall on a protected canal, 2 boat lifts, elevator, gym, 2 car garage, covered entertaining game room areas & even a room to view your pool through a pair of mermaid windows. 3 sets of washer & dryers. The list goes on...you will be amazed! Located within sight of world class & world famous tarpon flats.

Last Agent to Sell the Property

Terri Spottswood

Truman & Co. (KW) Brokerage Phone: 305-587-3407 License #161619 Listed on: 05/11/2023

Co-Listed By

John Spottswood

Truman & Co. (KW) Brokerage Phone: 305-587-3407 License #3264225

Last Buyer's Agent

Jenna Stauffer

Berkshire Hathaway HomeServices Knight & Gardner Realty

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $84,164

Year Built

  • Built in 2015

Lot Details

  • 1.35 Acre Lot
  • Ocean Front
  • Home fronts a canal
  • Sprinkler System
  • Property is zoned IS - Improved Subivision District

Property Views

  • Ocean
  • Canal

Home Design

  • Metal Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 7,720 Sq Ft Home
  • Wet Bar
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • French Doors
  • Sliding Doors
  • Entrance Foyer
  • Workshop
  • Storage
  • Utility Room
  • Home Gym
  • Impact Glass

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Concrete
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Electric Gate
  • Guest Parking
  • Off-Street Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Pool Deck
  • Outdoor Shower

Outdoor Features

  • Seawall
  • Boat Lift
  • Boat Ramp
  • Balcony
  • Deck
  • Patio
  • Outdoor Water Feature
  • Outdoor Kitchen
  • Lanai
  • Exterior Lighting
  • Outdoor Storage
  • Tiki or Chickee Hut
  • Attached Grill
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Whole House Permanent Generator
  • Propane
  • Public Hookup Available For Sewer
  • Cable TV Available

Additional Features

  • Accessible Elevator Installed
  • Detached Guest House

Community Details

  • No Home Owners Association
  • Snug Harbor Sub Subdivision

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00195990-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$84,164

Year Built

Built in 2015

Lot Details

1.35 Acres

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Summerland Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 25.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 84163.67
  • Vehicle Storage: Garage, Trailer Storage, Covered Parking, Off Street Parking, Guest Parking, Carport
  • Vehicle Storage Cars: 4+
  • Year Built: 2015
  • Alternate Key Number: 1257672
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 58629.00
  • Pool Info: In Ground, Decked, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Deck, Patio
  • Shutters: Other
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 7720.00
  • Pre Wired: Cable, Surround Sound
  • Specialty Rooms Guest Servant Qtrs: Legal
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Attribution Contact: 305-587-3407
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Built-in Cabinets, Bar, Window Treatments, Walk-in Closet(s), Storage, Elevator, Granite Counter Top, Entrance Foyer, Split Bedroom, Cathedral Ceilings, Wet Bar
  • Total Bathrooms: 8.00
  • Full Bathrooms: 6
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Gas Appliances, Freezer, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Wood, Concrete, Marble
  • Half Bathrooms: 2
  • Specialty Rooms: Gym, Workshop, Utility Room, Laundry Room
  • Windows/Doors: French Doors, Impact Rstnce Window, Impact Rstnce Doors, Other Windows/Doors, Aluminum Windows, Glass Doors
  • Total Bedrooms: 6
  • Accessibility Features: Accessible Elevator Installed
  • Sq Ft Remarks: Buyer to verify square footage

Exterior Features

  • Dockage: Boat Lift, Boat Ramp
  • Waterfront: Oceanfront, Open Water, Canal Front
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Bar, Water Display, Storage, Sprinkler System, Outdoor Shower, Outdoor Kitchen, Lanai, Lighting, Rain Gutters, Detached Guest Qtrs, Chickee Hut, Built-in Grill
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View, Canal View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: FKAA, Propane, Whole House Generatr, Buyer to Verify, Municipal Sewer
  • Heating: Central

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,VE,AE
  • Parcel Number: 00195990-000000
  • Land Size: 1 Less Than 2 Acres
  • Acres: 1.35

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2022

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2023
Closed on
Jun 4, 2024
Sold by
Bought by
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
Jenna Stauffer
Berkshire Hathaway HomeServices Knight & Gardner Realty
List Price
$17,999,900
Sold Price
$13,465,372
Premium/Discount to List
-$4,534,528
-25.19%
Views
1243
Current Estimated Value
$7,846,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,618,775
Avg. Annual Appreciation
-20.45%
Original Mortgage
$8,742,500
Outstanding Balance
$8,541,055
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
-$456,382

Purchase Details

Closed on
Jan 1, 2024
Sold by
Bought by

Purchase Details

Closed on
Mar 1, 2021
Sold by
Bought by

Purchase Details

Listed on
Nov 13, 2018
Closed on
Nov 13, 2020
Sold by
Bought by
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
Terri Spottswood
Truman & Co. (KW)
List Price
$13,900,000
Sold Price
$10,450,000
Premium/Discount to List
-$3,450,000
-24.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.34%

Purchase Details

Listed on
Dec 3, 2012
Closed on
Nov 30, 2012
Sold by
Bought by
Seller's Agent
Richard Medlin
WES Real Estate, Inc.
Buyer's Agent
Mark Molback
Florida Keys Real Estate Company (KW)
List Price
$3,500,000
Sold Price
$3,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.89%

Purchase Details

Closed on
Aug 1, 1983
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Summerland Key, FL

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$13,465,371 None Listed On Document
-- None Listed On Document
-- Attorney
$10,450,000 None Listed On Document
$3,500,000 First American Title Ins Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $8,742,500
Previous Owner $17,955
Previous Owner $1,000,000
Previous Owner $5,330,000
Previous Owner $3,600,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/04/2024 06/04/24 Sold $13,465,372 -25.2% $1,744 / Sq Ft
05/11/2023 05/11/23 For Sale $17,999,900 +72.2% $2,332 / Sq Ft
11/13/2020 11/13/20 Sold $10,450,000 -24.8% $1,354 / Sq Ft View Prior Sale
11/13/2018 11/13/18 For Sale $13,900,000 +297.1% $1,801 / Sq Ft
12/28/2012 12/28/12 Sold $3,500,000 0.0% $761 / Sq Ft View Prior Sale
12/03/2012 12/03/12 Pending -- -- --
12/03/2012 12/03/12 For Sale $3,500,000 -- $761 / Sq Ft
Source: Key West Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $10,915 $933,014 $664,490 $268,524
2025 $10,915 $914,720 $651,461 $263,259
2024 $10,703 $896,786 $638,688 $258,098
2023 $10,459 $879,203 $626,165 $253,038
2022 $9,779 $861,965 $613,888 $248,077
2021 $9,968 $845,064 $601,851 $243,213
2020 $9,828 $836,400 $595,680 $240,720
2019 $4,781 $390,660 $235,986 $154,674
2018 $4,629 $383,001 $231,359 $151,642
2016 $4,429 $368,130 $222,376 $145,754
2015 $4,353 $362,601 $219,036 $143,565
2014 $4,292 $355,499 $214,746 $140,753
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Key West Association of REALTORS®

MLS Number: 605262

Key West Association of REALTORS®

APN: 00195990-000000

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