$1,925,000
SOLD JAN 10, 2025
4 Beds
4 Baths
1,743 Sq Ft
1,655 Sq Ft Lot

Recently Sold

$1,104 Per Sq Ft

4% Below List Price

60 Days on Market

About This Home

As of January 2025

See video fly through on zillow under facts & features. Welcome to 1316 Royal St #3, a newly constructed, stunning single family sanctuary that sits only a few blocks from the world famous Duval Street. A rare opportunity presents itself with this brand-new home that ensures top-notch living and was built to adhere to Florida's toughest building standards. Crafted to withstand up to 180 MPH winds and located in the highly sought-after X flood zone, durable Hardi board siding, wind-rated doors and windows, elevated first floor and a metal roof assure safety and peace of mind even in the harshest of conditions. The spacious 1,743 sq. ft of modern living space offers 4 beautifully appointed on suite bedrooms and 3.5 bathrooms, with one on suite and a half bathroom on the main level, providing convenience and privacy. Step into the open-plan living area that seamlessly connects living, kitchen, and outdoor spaces, ideal for entertaining and everyday living. The kitchen features brand-new stainless appliances, and a separate coffee/bar station with a craft ice maker and beverage/wine fridge. The living area features a floor-to-ceiling glass sliding door that opens the entire space, giving way to a raised composite wood deck that surrounds a concrete pool, inviting you to relax and enjoy sunny Key West days in privacy and comfort. A highly efficient ductless mini-split cooling system paired with practical Hunter Douglas plantation shutters ensures each room is customized for your comfort and privacy. Off-street, private parking is also conveniently accounted for, adding to the ease of your daily routine. Beyond the bounds of this magnificent home, the community offers walking distance to vibrant attractions such as Casa Marina Resort, Higgs Beach, and the famous Duval Street, placing you at the heart of Key West's finest experiences, all just moments away from your doorstep. Don't miss the opportunity to own this impeccable new home.

Last Agent to Sell the Property

Tommy Mack

Coastal Collection Real Estate Inc. License #3285624 Listed on: 09/23/2024

Co-Listed By

Jenny Benson

Coastal Collection Real Estate Inc. License #3567724

Last Buyer's Agent

Solaris Gregory

Expert Realty LLC (HQ) License #3445338

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,991

Year Built

2023

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Association Fee: 150.00
  • Mandatory HOA: Yes
  • Document Count: 2
  • Fee Includes: Common Area Mnt
  • Key Island: Key West
  • K W Neighborhood: Casa Marina
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 10192.00
  • Vehicle Storage: Off Street Parking
  • Year Built: 2023
  • Alternate Key Number: 9105214
  • Cooling Heating: Ceiling Fans(s), Ductless
  • Lot Sq Ft: 1670.00
  • Pool Info: In Ground, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Deck
  • Association Maintenance Fee Per: Monthly
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1743.00
  • Property Condition: New Construction
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Quartz Countertops, Built-in Cabinets
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Ice Machine, Disposal, Microwave, Refrigerator, Dishwasher, Dryer
  • Half Bathrooms: 1
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 4

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame, Hardi Board Siding
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Parcel Number: 00036920-000300
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2024
Closed on
Jan 10, 2025
Sold by
Pauley William and Romano Nicole
Bought by
Koch Properties Corp
Seller's Agent
Tommy Mack
Coastal Collection Real Estate Inc.
Buyer's Agent
Solaris Gregory
Expert Realty LLC (HQ)
List Price
$1,999,000
Sold Price
$1,925,000
Premium/Discount to List
-$74,000
-3.7%
Views
11
Current Estimated Value
$1,940,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,099
Avg. Annual Appreciation
0.77%
Original Mortgage
$962,500
Outstanding Balance
$959,971
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$972,751
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,925,000 None Listed On Document
Warranty Deed $1,925,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $962,500 New Conventional
Closed $962,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2025 01/10/25 Sold $1,925,000 -3.7% $1,104 / Sq Ft
09/23/2024 09/23/24 For Sale $1,999,000 -- $1,147 / 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 $2,991 $1,315,941 $510,853 $805,088
2023 $2,991 $400,800 $400,800 --
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Key West Association of REALTORS®

MLS Number: 611559

Key West Association of REALTORS®

APN: 00036920-000300