NOT LISTED FOR SALE

1506 Shaw Dr Key Largo, FL 33037

Estimated Value: $954,861 - $1,368,000

2 Beds
2 Baths
1,248 Sq Ft
$933/Sq Ft Est. Value

Last Sold May 20, 2024

Last sale price $950,000 $761 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $6,555/month

150 Days on Market

Highlights

  • Boat Ramp
  • Home fronts a canal
  • Balcony
  • Coral Shores High School Rated A
  • No HOA
  • 1-minute walk to Government Center Park

About This Home

As of May 2024

Looking to create the waterfront paradise of your dreams--look no further than this double lot property where your imagination is the only limit, offering 13,000 sq.ft., providing you the ability to add an accessory structure in addition to the main house, as well as dockage for all your water toys. Imagine your dream pool, swim up bar or tiki bar, and guest house on this blank canvas--your dreams can truly become a reality! This location provides direct access to the Florida Bay and convenient Ocean access via Adams Waterway. A bonus for the Twin Lakes neighborhood is the community boat ramp available to the residents. No HOA. The 2-bedroom, 2 bathroom home is a true gem, constructed in 1997 and is concrete fortress with a concrete roof waiting for your signature touches!

Last Agent to Sell the Property

Eric Rizzo

Ocean Sotheby's International Realty License #3347022 Listed on: 10/25/2023

Ocean Sotheby's International Realty

Co-Listed By

Taylor Globus

Ocean Sotheby's International Realty License #3509905

Last Buyer's Agent

Terry Canto,Top Producer

American Caribbean Real Estate, Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,980

Year Built

  • Built in 1997

Lot Details

  • 0.29 Acre Lot
  • Home fronts a canal
  • Property is zoned IS - Improved Subivision District

Home Design

  • Fixer Upper
  • Concrete Roof

Interior Spaces

  • 1,248 Sq Ft Home
  • Ceiling Fan
  • Shutters
  • Single Hung Windows
  • Sliding Doors
  • Utility Room
  • Tile Flooring
  • Canal Views
  • Oven

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Carport
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Patio
  • Outdoor Storage

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00551000-004100

Community Details

Overview

  • No Home Owners Association
  • Twin Lakes Subdivision
  • Rental Restrictions

Recreation

  • Boat Ramp

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,980

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • Additional Assessor Parcel Number 1: 00551000-004101
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 3
  • Fee Includes: None
  • Key Island: Key Largo
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 103.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 3980.46
  • Vehicle Storage: Carport, Off Street Parking
  • Year Built: 1997
  • Alternate Key Number: 1674842
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 12515.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • Shutters: Panel
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1248.00
  • Property Condition: Fixer Upper
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Oven, Refrigerator, Dryer
  • Floor: Tile
  • Specialty Rooms: Laundry Room, Utility Room
  • Windows/Doors: Single Hung Windows, Aluminum Windows, Sliding Glass Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Storage
  • Roof: Concrete Roof
  • Waterview: Canal View, No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00551000-004100
  • Land Size: More than 1 Lot
  • Acres: 0.29

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2023
Closed on
May 20, 2024
Sold by
Nemec Joseph
Bought by
Schmidt Glenn and Schmidt Dahnielle
Seller's Agent
Eric Rizzo
Ocean Sotheby's International Realty
Buyer's Agent
Terry Canto,Top Producer
American Caribbean Real Estate, Christie's International Real Estate
List Price
$1,600,000
Sold Price
$950,000
Premium/Discount to List
-$650,000
-40.62%
Views
97
Current Estimated Value
$1,164,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,215
Avg. Annual Appreciation
15.51%
Source: Public Records

Range of Values:

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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
Schmidt Glenn $950,000 Coral Reef Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2024 05/20/24 Sold $950,000 -20.8% $761 / Sq Ft
02/26/2024 02/26/24 Price Changed $1,200,000 -17.2% $962 / Sq Ft
01/08/2024 01/08/24 Price Changed $1,450,000 -9.4% $1,162 / Sq Ft
10/25/2023 10/25/23 For Sale $1,600,000 -- $1,282 / 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 $4,811 $854,076 $578,801 $275,275
2023 $4,811 $730,003 $519,110 $210,893
2022 $3,980 $553,522 $342,629 $210,893
2021 $3,393 $367,222 $186,911 $180,311
2020 $3,428 $369,835 $186,911 $182,924
2019 $3,466 $377,621 $194,697 $182,924
2018 $3,362 $380,383 $192,233 $188,150
2017 $3,206 $382,997 $0 $0
2016 $3,032 $344,286 $0 $0
2015 $2,899 $327,558 $0 $0
2014 $2,840 $327,226 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Eric Rizzo

    Seller's Agent in 2024

    Eric Rizzo

    Ocean Sotheby's International Realty

    (305) 394-3062

    5 in this area

    48 Total Sales

    Eric Rizzo
    Section Image

  • T

    Seller Co-Listing Agent in 2024

    Taylor Globus

    Ocean Sotheby's International Realty

    (305) 401-7675

    1 in this area

    18 Total Sales

    Taylor Globus
    Section Image

  • T

    Buyer's Agent in 2024

    Terry Canto,Top Producer

    American Caribbean Real Estate, Christie's International Real Estate

  • Terry Canto

    Buyer's Agent in 2024

    Terry Canto

    American Caribbean Real Estate, Christie's International Real Estate

    (305) 394-3037

    176 in this area

    230 Total Sales

    Terry Canto
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 607191

Florida Keys Board of REALTORS®

APN: 00551000-004100

Florida Monroe County Key Largo 33037

1506 Shaw Dr, Key Largo, FL

This home is located at 1506 Shaw Dr, Key Largo, FL 33037 since 25 October 2023 and is currently estimated at $1,164,215, approximately $932 per square foot. This property was built in 1997. 1506 Shaw Dr is a home located in Monroe County with nearby schools including Key Largo School, Coral Shores High School, and Dolphin Montessori Children's House.

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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