NOT LISTED FOR SALE

1506 Shaw Dr Key Largo, FL 33037

Estimated Value: $1,224,000 - $1,616,000

2 Beds
2 Baths
1,248 Sq Ft
$1,140/Sq Ft Est. Value

Sale Details

Date Sold: May 20, 2024

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

Est. 50% increase in value since last sale

Current estimated payment $8,126 / mo

150 Days on Market

Highlights

  • Home fronts a canal
  • Shutters
  • Sliding Doors
  • Coral Shores High School Rated A
  • Laundry Room
  • 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: 10/27/2023

Ocean Sotheby's International Realty

Co-Listed By

Taylor Globus

American Caribbean Real Estate, Christie's International Real Estate License #3509905

Last Buyer's Agent

Terry Canto

American Caribbean Real Estate, Christie's International Real Estate License #626852

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,980

Year Built

  • Built in 1997

Lot Details

  • 12,515 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned IS - Improved Subivision District

Home Design

  • Concrete Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,248 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Shutters
  • Single Hung Windows
  • Aluminum Window Frames
  • Sliding Doors
  • Utility Room
  • Canal Views
  • Oven

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Carport
  • Off-Street Parking

Additional Features

  • Outdoor Storage
  • Central Air

Community Details

  • Twin Lakes Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00551000-004101

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,980

Year Built

Built in 1997

Lot Details

0.29 Acres

Listing Details

  • Property Type: Residential
  • Year Built: 1997
  • Building Style Above Flood: Unknown
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Co List Office Mls Id: 2022737
  • Co List Office Phone: 305-712-8888
  • Co List Office Mls Id: 2022737
  • Co List Office Phone: 305-712-8888
  • Subdivision Name: Twin Lakes (103.0)
  • Special Features: None

Interior Features

  • Appliances: Washer, Dryer, Refrigerator, Oven
  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Waterfront: Yes
  • Exterior Features: Storage
  • Construction Type: CBS
  • Waterfront: Canal Front
  • Roof: Concrete Roof

Utilities

  • Laundry Features: Laundry Room
  • Cooling: Central Air, Ceiling Fans(s)
  • Utilities: FKAA, Municipal Sewer, Buyer to Verify

Condo/Co-op/Association

  • Pets Allowed: Yes

Lot Info

  • Parcel Number: 00551000-004100
  • Lot Size Sq Ft: 12515.0
  • Additional Parcels Description: 00551000-004101

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3980.46

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2023
Closed on
May 20, 2024
Sold by
Bought by
Seller's Agent
Eric Rizzo
Ocean Sotheby's International Realty
Buyer's Agent
Terry Canto
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
$1,423,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$473,247
Avg. Annual Appreciation
21.92%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$950,000 Coral Reef Title
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,448 $1,299,459 $1,021,464 $277,995
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

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 607191

Florida Keys Board of REALTORS®

APN: 00551000-004100

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