NOT LISTED FOR SALE

15796 Old State Road 4a Unit 4A Summerland Key, FL 33042

Estimated Value: $1,454,000 - $2,376,000

20 Acres
$90,306 Price per Acre
874,684 Sq Ft Lot

Last Sold March 15, 2022

Last sale price $1,250,000

Est. 45% increase in value since last sale

Current estimated payment $10,358/month

128 Days on Market

Highlights

  • Ocean Front
  • Dock Facilities
  • 874,684 Sq Ft lot

About This Lot

As of March 2022

Build your dream home on this unique and massive direct oceanfront property. 20.08 Acres total, plans for a 5000+ SqFt. home. tiki hut and swim platform all approved! General contractor assigned, land cleared and all permits completed and/or applied for, just get ready to build! An investors dream to develop and sell, or a personal custom compound fully secure and totally private! Add guest houses, tennis courts, boat house, gymnasium, clear more private beaches, etc., the possibilities are simply endless! This is by far the largest private oceanfront residential land available in all Florida Keys, access by private road, neighbored by multi-million dollar homes. 25 min drive to Key West 15 min by boat. This is certainly a once in a lifetime opportunity so don't pass it up!

Last Agent to Sell the Property

Scott Kennedy

Compass FLORIDA License #3290172 Listed on: 08/13/2021

Compass FLORIDA

Last Buyer's Agent

Scott Kennedy

Compass FLORIDA License #3290172 Listed on: 08/13/2021

Compass FLORIDA

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,246

Year Built

  • 2024

Lot Details

  • 20.08 Acre Lot
  • Ocean Front
  • Cleared Lot
  • Property is zoned NA - Native Area District

Additional Features

  • Ocean Views
  • Electricity To Lot Line

Listing and Financial Details

  • Assessor Parcel Number 00119450000000

Community Details

Overview

  • Sugarloaf Beach Subdivision

Recreation

  • Dock Facilities

Property Details

Property Type

Land

Est. Annual Taxes

$4,246

Year Built

2024

Lot Details

0

Listing Details

  • Property Type: Lots and Land
  • As Is Right To Inspect: No
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Sugarloaf Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 17.00
  • M L S Identifier: 20060123165453488875000000
  • Property Group I D: 19990816212131825981000000
  • Property Rights: Tranfrble Bldg Prmt
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 4246.00
  • Alternate Key Number: 1152978
  • Dockage Dock Permit: Applied For
  • Lot Sq Ft: 874684.00
  • Species List: No
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Voluntary HOA: No
  • Existing Utilities: Electric on Site, Water Line, Sewer
  • Location Site: Paved Street, Cleared Site, Water Frontage
  • Lot Dimensions: 20.08 Acres
  • Miscellaneous Info Mobile Home Lot: No
  • R O G O Exempt: Yes
  • Survey Available: Yes
  • Tax Exemptions: None
  • Vegetation Survey: Yes
  • Water Main Inquiry File: No
  • Statistical Purposes Only: Yes
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2024

Exterior Features

  • Dockage: Dock Privileges
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Waterview: Open Water View, Ocean View

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE,AE,VE,VE,VE,VE
  • Parcel Number: 00119450000000
  • Land Size: 10 or more Acres
  • Building Permit: Active Permit, Applied For Permit
  • Total Lots: 1.00

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2022
Sold by
Klose Hemita
Bought by
Klose Family Revocable Trust
Total Days on Market
128
Current Estimated Value
$1,813,333

Purchase Details

Listed on
Aug 13, 2021
Closed on
Mar 14, 2022
Sold by
Obrien and Elizabeth
Bought by
Klose Kenneth Drew and Klose Hemita
Seller's Agent
Scott Kennedy
Compass FLORIDA
Buyer's Agent
Scott Kennedy
Compass FLORIDA
List Price
$1,600,000
Sold Price
$1,250,000
Premium/Discount to List
-$350,000
-21.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.29%
Original Mortgage
$1,500,000
Interest Rate
3.92%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 21, 2003
Sold by
Bodenstein Todd S
Bought by
Obrien Christopher and Obrien Elizabeth
Source: Public Records

Similar Property in the area

  • 23038 Overseas Hwy, Cudjoe Key, FL 33042

    $1,900,000

    • Land
    • 1.37 Acres
    • $1,386,861 per Acre
    • 23038 Overseas Hwy
    • Cudjoe Key, FL

    Prime Location! Rare waterfront commercial lots with high visibility off US1. Truly a sight to be seen with over an acre of property and 500ft of canal frontage! This could be the perfect spot to build your dream business and become a staple in the Key's community. The lots are cleared and fully fenced. Centrally located in the Lower Keys, only 22 miles from Key West and 29 miles to Marathon.

    Deni Heintzelman KeyIsle Realty

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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
Klose Family Revocable Trust -- --
Klose Kenneth Drew $1,250,000 Capote & Capote Pa
Klose Kenneth Drew $1,250,000 None Listed On Document
Obrien Christopher $350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Klose Family Revocable Trust $450,000
Open Klose Family Revocable Trust $1,973,600
Previous Owner Klose Kenneth Drew $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2022 03/15/22 Sold $1,250,000 -21.9% --
12/19/2021 12/19/21 Pending -- -- --
08/13/2021 08/13/21 For Sale $1,600,000 -- --
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 $8,808 $1,544,434 $1,544,434 --
2023 $8,808 $1,041,043 $1,041,043 $0
2022 $3,870 $1,177,378 $1,177,378 $0
2021 $4,544 $1,271,764 $1,271,764 $0
2020 $4,423 $1,219,328 $1,219,328 $0
2019 $1,447 $340,724 $340,724 $0
2018 $1,486 $355,324 $355,324 $0
2017 $1,033 $229,422 $0 $0
2016 $977 $210,135 $0 $0
2015 $1,012 $219,451 $0 $0
2014 $974 $206,706 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Scott Kennedy

    Seller's Agent in 2022

    Scott Kennedy

    Compass FLORIDA

    (305) 934-3388

    81 Total Sales

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 597308

Florida Keys Board of REALTORS®

APN: 00119450-000000

Florida Monroe County Summerland Key 33042

15796 Old State Road 4a Unit 4A, Summerland Key, FL

This home is located at 15796 Old State Road 4a Unit 4A, Summerland Key, FL 33042 since 13 August 2021 and is currently estimated at $1,813,333. This property was built in 2024. 15796 Old State Road 4a Unit 4A is a home located in Monroe County with nearby schools including Sugarloaf School and Key West High 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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