NOT LISTED FOR SALE

1401 Simonton St Unit 6 Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,217,707

2 Beds
2 Baths
958 Sq Ft
$1,241/mo HOA Fee

Last Sold July 15, 2022

Last sale price $1,251,000 $1,306 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $8,432/month

5 Days on Market

Highlights

  • Concrete Pool
  • Furnished
  • Home Gym
  • Marble Flooring
  • Granite Countertops
  • 3-minute walk to Key West Dog Beach

About This Home

As of July 2022

This is a rare opportunity to have your own transient licensed condo at the beautiful Santa Maria Suites resort in Old Town Key West! Revel in the tranquil setting of the contemporary luxury design with a spa-like atmosphere. Enjoy your outdoor patio surrounded by lush tropical landscaping, or check out the various resort amenities, which include 2 heated pools, a pool bar, 24-hour concierge services, and a fitness center. The transient license allows for nightly rentals. This unit has a strong rental history and is an income producing investment. Perfect for 1031 Exchange. Santa Maria Suites was ranked the #1 hotel in Key West in 2017, 2018, 2020, and 2021, and the #17 hotel in Florida in 2021.

Last Listed By

LaReta Morrison

Coldwell Banker Schmitt Real Estate Co. (KW) License #3492235 Listed on: 06/13/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,703

Year Built

  • Built in 2006 | Remodeled

Lot Details

  • Privacy Fence
  • Fenced

HOA Fees

  • $1,241 Monthly HOA Fees

Interior Spaces

  • 958 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Bar
  • Ceiling Fan
  • Blinds
  • French Doors
  • Home Gym

Kitchen

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

Flooring

  • Marble
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • Guest Parking
  • Off-Street Parking

Pool

  • Concrete Pool
  • In Ground Pool

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

  • Central Air
  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 1
  • Assessor Parcel Number 00036231-000600

Community Details

Overview

  • Association fees include bldg exterior mnt, exterminating, common area mnt, building insurance
  • Filer Boyle Sub Subdivision

Amenities

  • Lobby

Pet Policy

  • Pet Restriction: YES

Security

  • Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,703

Year Built

Built in 2006 | Remodeled

Lot Details

0

HOA Fees

$1,241 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 1241.03
  • Mandatory HOA: Yes
  • Fee Includes: Bldg Exterior Mnt, Exterminating, Common Area Mnt, Building Insurance
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 5702.96
  • Title: Negotiable
  • Vehicle Storage: Guest Parking, Off Street Parking
  • Year Built: 2006
  • Alternate Key Number: 9087681
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Pool Info: Concrete, In Ground
  • Porch Balcony: Patio
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 3 Stories
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 958.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Interior Amenities: Built-in Cabinets, Window Treatments, Smoke Alarms, Split Bedroom, Granite Counter Top, Lobby, Drapes/Blinds Incl
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Range, Wine Cooler, Washer, Stainless Steel Appliance(s), Refrigerator, Microwave, Oven, Freezer, Dryer, Disposal
  • Floor: Marble, Tile
  • Specialty Rooms: Gym, Laundry Room
  • Windows/Doors: French Doors, Impact Rstnce Window
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Exterior Features: Bar, Privacy Wall/Fence, Lighting, Fencing
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: Elect Separate Meter, Water Separate Meter, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE,AE
  • Parcel Number: 00036231-000600
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2022
Closed on
Jul 11, 2022
Sold by
Butterfield and Ruth
Bought by
Mep At Santa Maria Llc
Seller's Agent
LaReta Morrison
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
The Jude Lindback Te
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
List Price
$1,100,000
Sold Price
$1,251,000
Premium/Discount to List
$151,000
13.73%
Total Days on Market
5
Current Estimated Value
$1,217,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$33,293
Avg. Annual Appreciation
-0.90%

Purchase Details

Listed on
Jan 2, 2014
Closed on
Mar 11, 2014
Sold by
Heller Stuart
Bought by
Butterfield Bob and Butterfield Ruth
Seller's Agent
Sean Farrer, P.A.
Coastline R.E. & Property Mgmt. (KW)
Buyer's Agent
Scott Forman
ICAMCO Real Estate Inc. (KW)
List Price
$535,000
Sold Price
$535,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.72%

Purchase Details

Closed on
Mar 22, 2012
Sold by
Heller Stuart and Case #44-2011-Ca-559-K
Bought by
Iberiabank

Purchase Details

Closed on
Mar 29, 2007
Sold by
Santa Maria Resort Inc
Bought by
Heller Stuart

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$976,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
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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
Mep At Santa Maria Llc $1,251,000 Steven Michael Labret Pa
Butterfield Bob $535,000 None Available
Iberiabank -- None Available
Heller Stuart $1,220,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Heller Stuart $976,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2022 07/15/22 Sold $1,251,000 +13.7% $1,306 / Sq Ft
06/18/2022 06/18/22 Pending -- -- --
06/13/2022 06/13/22 For Sale $1,100,000 +105.6% $1,148 / Sq Ft
03/14/2014 03/14/14 Sold $535,000 0.0% $566 / Sq Ft
03/11/2014 03/11/14 Pending -- -- --
01/02/2014 01/02/14 For Sale $535,000 -- $566 / Sq Ft
Source: Florida Keys Board 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 $8,747 $990,302 -- $990,302
2023 $8,747 $990,302 $0 $990,302
2022 $6,369 $815,749 $0 $815,749
2021 $5,703 $602,404 $0 $602,404
2020 $5,683 $602,404 $0 $602,404
2019 $5,672 $595,945 $0 $595,945
2018 $5,415 $555,501 $555,501 $0
2017 $5,506 $555,501 $0 $0
2016 $5,805 $555,501 $0 $0
2015 $5,960 $555,501 $0 $0
2014 $4,506 $393,315 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    LaReta Morrison

    Coldwell Banker Schmitt Real Estate Co. (KW)

  • T

    Buyer's Agent in 2022

    The Jude Lindback Te

    Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

    1 in this area

    71 Total Sales

    The Jude Lindback Te
    Section Image

  • S

    Seller's Agent in 2014

    Sean Farrer, P.A.

    Coastline R.E. & Property Mgmt. (KW)

  • T

    Seller Co-Listing Agent in 2014

    Tina Masters

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 292-7440

    Section Image

  • S

    Buyer's Agent in 2014

    Scott Forman

    ICAMCO Real Estate Inc. (KW)

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 601394

Florida Keys Board of REALTORS®

APN: 00036231-000600

Florida Monroe County Key West 33040 Old Town

1401 Simonton St Unit 6, Key West, FL

Homes for Sale in Key West, FL

This home is located at 1401 Simonton St Unit 6, Key West, FL 33040 since 13 June 2022 and is currently estimated at $1,217,707, approximately $1,271 per square foot. This property was built in 2006. 1401 Simonton St Unit 6 is a home located in Monroe County with nearby schools including Horace O'Bryant School, Key West High School, and May Sands Montessori School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Keys Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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