NOT LISTED FOR SALE

131 W Indies Dr Summerland Key, FL 33042

Estimated Value: $992,887 - $1,133,000

3 Beds
2 Baths
1,400 Sq Ft
$773/Sq Ft Est. Value

Last Sold April 17, 2023

Last sale price $1,025,000 $732 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,050/month

117 Days on Market

About This Home

As of April 2023

Open water views and privacy are what this home is all about. Start your day by watching the beautiful sunrise from your large, screened-in backyard balcony with unrestricted bay-front views. Enjoy the open floor plan, high ceilings, and large dining area. The large Master Suite has its own waterfront balcony for private enjoyment. The two additional guest rooms are well appointed with hardwood floors and plantation shutters. This solid and lifted three (3) bedroom, two (2) bathroom home is made of concrete construction. Stroll through the tropical backyard landscaping towards your private dock for easy access to paddle boarding or kayaking. Don't miss this rare opportunity to own a waterfront property in the Florida Keys!

Last Agent to Sell the Property

Team Connect

Coastal Collection Real Estate Inc. Listed on: 11/02/2022

Last Buyer's Agent

Lela Ashkarian

Coldwell Banker Schmitt Real Estate Co. License #622790

Coldwell Banker Schmitt Real Estate Co.

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,617

Year Built

1996

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Dock: Wood
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Ramrod Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 27.50
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 4594.48
  • Title: Negotiable
  • Vehicle Storage: Open Parking, Covered Parking
  • Year Built: 1996
  • Alternate Key Number: 1269298
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 6000.00
  • Porch Balcony: Open Porch/Balcony, Deck, Screened Patio
  • Shutters: Panel
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 1400.00
  • Financial Status Standard Sale: Yes
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Security System, Window Treatments, Walk-in Closet(s), Storage, Smoke Alarms
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Laminate, Carpet
  • Specialty Rooms: Workshop
  • Windows/Doors: Sliding Glass Doors, Aluminum Windows
  • Total Bedrooms: 3

Exterior Features

  • Waterfront: Oceanfront, Open Water, Bay Front
  • Waterfront: Yes
  • Construction: CBS
  • Waterview: Ocean View, Open Water View
  • Pool: No

Utilities

  • Utilities: FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00205960-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Partially

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2022
Closed on
Apr 17, 2023
Sold by
Beaver Larry and Beaver Pamela
Bought by
Martin Richard D and Martin Lee Ann
Seller's Agent
Team Connect
Coastal Collection Real Estate Inc.
Buyer's Agent
Lela Ashkarian
Coldwell Banker Schmitt Real Estate Co.
List Price
$1,150,000
Sold Price
$1,025,000
Premium/Discount to List
-$125,000
-10.87%
Views
34
Current Estimated Value
$1,082,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,222
Avg. Annual Appreciation
2.17%
Original Mortgage
$820,000
Outstanding Balance
$797,418
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$284,804

Purchase Details

Listed on
Nov 1, 2014
Closed on
Aug 3, 2015
Sold by
Krotz Belinda B
Bought by
Beaver Larry and Beaver Pamela
Seller's Agent
Dave Wiley
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Dean Townsend
Waterfront Resort Realty (KW)
List Price
$699,000
Sold Price
$630,000
Premium/Discount to List
-$69,000
-9.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.52%

Purchase Details

Closed on
Jun 10, 1998
Sold by
Lower Keys Rock & Fill Inc
Bought by
Krotz Mark and Krotz Belinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,150
Interest Rate
7.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 7, 1996
Sold by
Boundry Ltd
Bought by
Lower Keys Rock And Fill Inc

Purchase Details

Closed on
Mar 1, 1992
Bought by
Beaver Larry and Beaver Pamela

Purchase Details

Closed on
Jul 1, 1988
Bought by
Beaver Larry and Beaver Pamela

Purchase Details

Closed on
Oct 1, 1979
Bought by
Beaver Larry and Beaver Pamela
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Martin Richard D $1,025,000 None Listed On Document
Beaver Larry $630,000 Attorney
Krotz Mark $232,500 --
Lower Keys Rock And Fill Inc $50,000 --
Beaver Larry $30,800 --
Beaver Larry $32,500 --
Beaver Larry $5,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Richard D $820,000
Previous Owner Lower Keys Rock And Fill Inc $199,600
Previous Owner Lower Keys Rock And Fill Inc $209,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/17/2023 04/17/23 Sold $1,025,000 -8.9% $732 / Sq Ft
02/10/2023 02/10/23 Price Changed $1,125,000 -2.2% $804 / Sq Ft
11/02/2022 11/02/22 For Sale $1,150,000 +82.5% $821 / Sq Ft
08/03/2015 08/03/15 Sold $630,000 -9.9% $450 / Sq Ft View Prior Sale
07/09/2015 07/09/15 Pending -- -- --
11/01/2014 11/01/14 For Sale $699,000 -- $499 / Sq Ft
Source: Key West Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $4,617 $889,270 $607,500 $281,770
2023 $4,617 $496,464 $0 $0
2022 $4,474 $479,406 $0 $0
2021 $4,594 $465,443 $0 $0
2020 $4,571 $459,017 $256,500 $202,517
2019 $4,814 $483,821 $0 $0
2018 $4,841 $474,800 $0 $0
2017 $4,708 $465,035 $0 $0
2016 $4,738 $455,471 $0 $0
2015 $3,340 $301,020 $0 $0
2014 $3,432 $298,631 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Team Connect

    Coastal Collection Real Estate Inc.

    66 Total Sales

    Team Connect
    Section Image
  • Lela Ashkarian

    Buyer's Agent in 2023

    Lela Ashkarian

    Coldwell Banker Schmitt Real Estate Co.

    (305) 743-5181

    219 Total Sales

    Lela Ashkarian
    Section Image
  • Dave Wiley

    Seller's Agent in 2015

    Dave Wiley

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 872-3050

    49 Total Sales

    Dave Wiley
    Section Image

  • D

    Buyer's Agent in 2015

    Dean Townsend

    Waterfront Resort Realty (KW)

See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 602975

Key West Association of REALTORS®

APN: 00205960-000000

Florida Monroe County Summerland Key 33042

131 W Indies Dr, Summerland Key, FL

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