NOT LISTED FOR SALE

1502 Shaw Dr Key Largo, FL 33037

Estimated Value: $1,471,000 - $2,193,000

3 Beds
3 Baths
1,605 Sq Ft
$1,199/Sq Ft Est. Value

Last Sold October 27, 2023

Last sale price $1,140,000 $710 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $10,790/month

87 Days on Market

Highlights

  • Deeded Boat Dock
  • Home fronts a canal
  • Vaulted Ceiling
  • Coral Shores High School Rated A
  • Maid or Guest Quarters
  • 1-minute walk to Government Center Park

About This Home

As of October 2023

BEST BUY ALERT! Waterfront CBS home on an oversized lot in Key Largo! 3-bedroom 3-bathroom home, this concrete construction fortress, sports a concrete dock, located on a wide turning basin, with direct bay access, and fast ocean access via the world-famous Adams Cut Waterway. Easily commutable to the mainland, only 1 hour to Miami International.

Last Agent to Sell the Property

Yvette Doherty

Coldwell Banker Schmitt R.E. License #3281170 Listed on: 07/31/2023

Coldwell Banker Schmitt R.E.

Co-Listed By

Sally Stribling

Coldwell Banker Schmitt R.E. License #3159204

Last Buyer's Agent

Hanler Portal

Florida Realty of Miami Corp License #3459966

Florida Realty of Miami Corp

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,206

Year Built

  • Built in 1976

Lot Details

  • 9,280 Sq Ft Lot
  • Lot Dimensions are 150x204
  • Home fronts a canal
  • West Facing Home
  • Property is zoned Urban Residential

Home Design

  • Concrete Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,605 Sq Ft Home
  • 2-Story Property
  • Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Canal Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • Maid or Guest Quarters
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Attached Carport Space
  • Driveway
  • Guest Parking
  • Open Parking

Outdoor Features

  • Boat Hoist or Davit
  • Deeded Boat Dock
  • Screened Balcony
  • Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Twin Lakes 1St Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00551000-000900

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,206

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1976
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Two Story
  • Carport Y N: Yes
  • Co List Office Mls Id: CBRE83
  • Co List Office Phone: 305-451-4422
  • Directions: US1 to Lake Street (Just South of Riva MotorSports) to Shaw Dr. Drive thru intersection of Crane and Shaw house on right sign on property.
  • Garage Yn: No
  • Horses: No
  • Inclusions: Deeded Dock,Boat Hoists/Davits
  • Lot Size: 150x204
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: TWIN LAKES 1ST ADD
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Washer
  • Interior Amenities: Bar, Vaulted Ceiling(s), Maid/In-Law Quarters
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Carpet, Tile
  • Furnished: Unfurnished
  • Living Area: 1605
  • Possible Use: Investment
  • Bedroom Features: Primary Bedroom Upstairs
  • Living Room Features: Maid/In-Law Quarters

Exterior Features

  • Roof: Concrete
  • View: Canal
  • Exterior Features: Screened Balcony
  • Construction Type: CBS Construction
  • Direction Faces: West
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Patio, Screened Porch
  • Pool Private: No
  • View: Yes
  • Waterfront Features: WF/Ocean Access, Canal Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: TWIN LAKES 1ST ADD
  • Carport Spaces: 1
  • Covered Parking Spaces: 1
  • Open Parking: Yes
  • Parking Features: Attached Carport, Covered, Driveway, Guest

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 00551000-000900
  • Lot Size Sq Ft: 9280
  • Zoning: Urban Residential
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2206

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2023
Closed on
Oct 24, 2023
Sold by
Greer Living Trust
Bought by
Florida Investments Services Corp
Seller's Agent
Yvette Doherty
Coldwell Banker Schmitt R.E.
Buyer's Agent
Hanler Portal
Florida Realty of Miami Corp
List Price
$1,489,000
Sold Price
$1,140,000
Premium/Discount to List
-$349,000
-23.44%
Views
114
Current Estimated Value
$1,923,892

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$783,892
Avg. Annual Appreciation
26.99%
Original Mortgage
$855,000
Outstanding Balance
$837,261
Interest Rate
7.31%
Mortgage Type
New Conventional
Estimated Equity
$1,086,631

Purchase Details

Closed on
Nov 14, 1995
Sold by
Papy Caroline H
Bought by
Papy Christophe M

Purchase Details

Closed on
Jul 20, 1994
Sold by
Mark Klepper H and Klepper Gail G
Bought by
Greer Kenneth L

Purchase Details

Closed on
Apr 1, 1990
Bought by
Greer Kenneth L Trust 4/25/1985

Purchase Details

Closed on
Feb 1, 1975
Bought by
Greer Kenneth L Trust 4/25/1985
Source: Public Records
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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
Florida Investments Services Corp $1,140,000 Us Title & Escrow Inc
Papy Christophe M $100 --
Greer Kenneth L $220,000 --
Greer Kenneth L Trust 4/25/1985 $95,000 --
Greer Kenneth L Trust 4/25/1985 $14,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Florida Investments Services Corp $855,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2023 10/27/23 Sold $1,140,000 -17.9% $710 / Sq Ft
08/11/2023 08/11/23 Price Changed $1,389,000 -6.7% $865 / Sq Ft
07/31/2023 07/31/23 For Sale $1,489,000 -- $928 / Sq Ft
Source: MIAMI REALTORS® MLS

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
2025 $8,881 $1,296,684 $764,860 $531,824
2024 $2,343 $1,056,933 $741,961 $314,972
2023 $2,343 $278,464 $0 $0
2022 $2,206 $270,354 $0 $0
2021 $2,219 $262,480 $0 $0
2020 $2,197 $258,857 $0 $0
2019 $1,991 $253,038 $0 $0
2018 $2,135 $248,320 $0 $0
2017 $2,082 $243,213 $0 $0
2016 $1,934 $238,211 $0 $0
2015 $1,931 $233,902 $0 $0
2014 $1,952 $232,046 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11426810

MIAMI REALTORS® MLS

APN: 00551000-000900