NOT LISTED FOR SALE

16 Bay Dr Key West, FL 33040

Estimated Value: $1,933,000 - $2,252,000

6 Beds
4.5 Baths
2,538 Sq Ft
$835/Sq Ft Est. Value

Last Sold September 29, 2022

Last sale price $2,150,000 $847 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $12,437/month

31 Days on Market

Highlights

  • Ocean View
  • Concrete Pool
  • Deck
  • Sandy Beach
  • Home fronts a canal
  • 1-minute walk to Marathon Rotary Park

About This Home

As of September 2022

A wonderful opportunity to purchase a beautiful spacious residence, constructed on an almost 10,000 SqFt lot. Built in 2006, this six bedroom elevated home has so much to offer to today's buyer. Whether you are looking for a full time home , a vacation rental or something to retire to in the future, this property has endless possibilities. Plenty of room for an RV, and multiple vehicles, inground concrete pool, Tiki Hut and a large yard covered with artificial grass delimited by a natural shore line. The underneath space is made for entertainment with a huge TV, grilling area, outside wine cooler and kegerator, with an ice machine and a ping pong table. The boat dock is the perfect spot to drop the kayak and paddle boards and the canal has 3ft draft to open water just 2 mins away. The interior is designed with a modern open concept with one of the en-suites bedrooms on first floor. The upstairs has two more en-suites bedrooms with Ocean Views and 3 regular bedrooms out of which 2 of them have bunk beds so your kiddos will really love it. All this and more is literally set up for your quiet enjoyment and since the listing comes furnished all you have to do is set up an appointment and see it!!!One of the owners is a Florida Licensed Realtor.No Showings until August 2nd.

Last Agent to Sell the Property

Dan Serban

Key West Luxury Real Estate Inc (KW) License #3313073 Listed on: 07/21/2022

Last Buyer's Agent

Christopher Santry

Last Key Realty, Inc (KW) License #3214474

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,210

Year Built

  • Built in 2006 | Remodeled

Lot Details

  • 9,525 Sq Ft Lot
  • Home fronts a canal
  • Sandy Beach
  • Property is zoned UR - Urban Residential Distrit

Property Views

  • Ocean
  • Gulf
  • Canal

Home Design

  • Metal Roof
  • HardiePlank Siding

Interior Spaces

  • 2,538 Sq Ft Home
  • Bar
  • Ceiling Fan
  • Blinds
  • French Doors

Kitchen

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

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Split Bedroom Floorplan
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Complete Accordion Shutters
  • Impact Glass
  • Fire and Smoke Detector

Parking

  • Carport
  • Guest Parking
  • Open Parking

Pool

  • Concrete Pool
  • In Ground Pool
  • Pool Deck
  • Outdoor Shower

Outdoor Features

  • Dock made with Composite Material
  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Gazebo
  • Outdoor Storage
  • Attached Grill
  • Rain Gutters

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Bay Point Amd & 1St Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00160370-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,210

Year Built

Built in 2006 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Dock: Composite
  • Dockage Dock Length: 17
  • Document Count: 3
  • Fee Includes: None
  • Key Island: Saddlebunch
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 15.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 6210.37
  • Title: Negotiable
  • Vehicle Storage: Carport, Open Parking, Guest Parking, Covered Parking
  • Year Built: 2006
  • Alternate Key Number: 1205940
  • Building Style Stilt Column Height: Tall - 10Ft & Over
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 9525.00
  • Pool Info: Concrete, In Ground, Decked
  • Porch Balcony: Deck, Patio, Open Porch/Balcony
  • Shutters: Accordion
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 2538.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Other, Whirlpool Bath Tub, Split Bedroom, Smoke Alarms, Granite Counter Top, Drapes/Blinds Incl
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Appliances: Dishwasher, Washer, Wine Cooler, Stainless Steel Appliance(s), Refrigerator, Oven, Microwave, Dryer
  • Floor: Carpet, Tile
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Aluminum Windows, Impact Rstnce Window, French Doors
  • Total Bedrooms: 6

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Hardi Board Siding, Other
  • Exterior Features: Bar, Storage, Sandy Beach, Rain Gutters, Outdoor Shower, Gazebo, Lighting, Built-in Grill
  • Roof: Metal Roof
  • Waterview: Bay/Gulf View, Ocean View, Open Water View, Canal View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE
  • Parcel Number: 00160370-000000
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.22

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2022
Closed on
Sep 28, 2022
Sold by
Keywestmdl 16 Bay Llc
Bought by
Labute Joel
Seller's Agent
Dan Serban
Key West Luxury Real Estate Inc (KW)
Buyer's Agent
Christopher Santry
Last Key Realty, Inc (KW)
List Price
$2,300,000
Sold Price
$2,150,000
Premium/Discount to List
-$150,000
-6.52%
Current Estimated Value
$2,118,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,775
Avg. Annual Appreciation
0.10%
Original Mortgage
$1,612,285
Outstanding Balance
$1,548,078
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$608,221

Purchase Details

Listed on
Apr 12, 2021
Closed on
Jul 1, 2021
Sold by
Lehene Mihai D
Bought by
Keywestmdl 16 Bay Llc
Seller's Agent
Suzanne Moore
Truman & Co. (KW)
Buyer's Agent
Dan Serban
Florida Keys Realty Group, LLC (KW)
List Price
$1,049,000
Sold Price
$1,049,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
72.95%

Purchase Details

Listed on
Apr 12, 2021
Closed on
Jun 8, 2021
Sold by
Morawski Michael and Morawski Marilyn
Bought by
Lehene Mihai D
Seller's Agent
Suzanne Moore
Truman & Co. (KW)
Buyer's Agent
Dan Serban
Florida Keys Realty Group, LLC (KW)
List Price
$1,049,000
Sold Price
$1,049,000

Purchase Details

Listed on
Mar 17, 2019
Closed on
Sep 30, 2019
Sold by
Barkett Arline B
Bought by
Rodenbeck Anna M and Rodenbeck Brian
Seller's Agent
Jayson Novak
Exit Realty Florida Keys BPK
Buyer's Agent
Alexa Morgan
Karem Kramer Realty (KW)
List Price
$849,000
Sold Price
$765,000
Premium/Discount to List
-$84,000
-9.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.41%
Original Mortgage
$0
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 17, 2019
Closed on
Sep 25, 2019
Sold by
Barkett Arline B
Bought by
Rodenbeck Anna M and Rodenbeck Brian
Seller's Agent
Jayson Novak
Exit Realty Florida Keys BPK
Buyer's Agent
Alexa Morgan
Karem Kramer Realty (KW)
List Price
$849,000
Sold Price
$765,000
Premium/Discount to List
-$84,000
-9.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2010
Sold by
Waters Albert A
Bought by
Barkett Arline B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2004
Bought by
Barkett Arline B

Purchase Details

Closed on
Aug 1, 2003
Sold by
Hilbig Arthur K and Hilbig Sharon S
Bought by
Ruben Stephen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 14, 2003
Bought by
Barkett Arline B

Purchase Details

Closed on
Aug 1, 1996
Bought by
Barkett Arline B

Purchase Details

Closed on
Mar 1, 1985
Bought by
Barkett Arline B

Purchase Details

Closed on
Jan 1, 1983
Bought by
Barkett Arline B

Purchase Details

Closed on
Feb 1, 1973
Bought by
Barkett Arline B
Source: Public Records

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
Labute Joel $2,150,000 --
Keywestmdl 16 Bay Llc -- Accommodation
Lehene Mihai D $1,049,000 Attorney
Rodenbeck Anna M $765,000 None Listed On Document
Rodenbeck Anna M $765,000 None Listed On Document
Barkett Arline B $609,000 Independent Abstract & Title
Barkett Arline B $152,500 --
Ruben Stephen D $125,000 --
Barkett Arline B -- --
Barkett Arline B -- --
Barkett Arline B $18,000 --
Barkett Arline B $17,000 --
Barkett Arline B $3,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Labute Joel $1,612,285
Previous Owner Rodenbeck Anna M $0
Previous Owner Barkett Arline B $250,000
Previous Owner Ruben Stephen D $93,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2022 09/29/22 Sold $2,150,000 -6.5% $847 / Sq Ft
07/21/2022 07/21/22 For Sale $2,300,000 +119.3% $906 / Sq Ft
06/08/2021 06/08/21 Sold $1,049,000 0.0% $413 / Sq Ft
04/12/2021 04/12/21 For Sale $1,049,000 +37.1% $413 / Sq Ft
09/26/2019 09/26/19 Sold $765,000 -9.9% $301 / Sq Ft
09/02/2019 09/02/19 Pending -- -- --
03/17/2019 03/17/19 For Sale $849,000 -- $335 / 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 $14,480 $1,474,958 $619,063 $855,895
2023 $14,480 $1,657,324 $837,924 $819,400
2022 $8,113 $903,496 $432,911 $470,585
2021 $6,210 $676,634 $0 $0
2020 $5,959 $643,196 $0 $0
2019 $6,018 $606,400 $211,646 $394,754
2018 $4,893 $513,323 $0 $0
2017 $4,750 $502,765 $0 $0
2016 $4,783 $492,425 $0 $0
2015 $4,924 $489,002 $0 $0
2014 $5,087 $485,121 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 601924

Florida Keys Board of REALTORS®

APN: 00160370-000000