NOT LISTED FOR SALE

162 Key Heights Dr Tavernier, FL 33070

Estimated Value: $4,030,000 - $8,766,000

5 Beds
4.5 Baths
3,389 Sq Ft
$2,082/Sq Ft Est. Value

Last Sold January 15, 2025

Last sale price $9,600,000 $2,833 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $40,751/month

66 Days on Market

Highlights

  • Boat Ramp
  • Dock made with concrete
  • Property fronts gulf or ocean
  • Plantation Key School Rated A-
  • Detached Guest House
  • 1-minute walk to Indian Key

About This Home

As of January 2025

The literal meaning of paradise comes alive here at Elysian Bay. Enter this stunning and incredibly reimagined bayfront residence exuding luxury living with the natural beauty of its coastal surroundings. Open-concept design showcases the panoramic Florida Bay views of the coveted high elevation Plantation Key location. The spacious living area features chef's kitchen, high ceilings, extra large Eurowall impact doors and windows highlighted by elegantly simplistic finishes. The primary suite overlooks the resort inspired gardens, enhancing your outdoor experience on the Bay. Additional guest bedrooms both upstairs and downstairs are beautifully designed, ensuring comfort and privacy for family and friends. Ample, multi boat protected dockage with lift, lounging beach, tiki torches, outdoor shower, jacuzzi, tackle house and lagoon waterfall pool outfit this property the perfect playground for all. Step outside and soak up the breathtaking sunsets where Elysian Bay offers quiet seclusion and the heavenly Islamorada lifestyle you've been waiting to embrace.

Last Agent to Sell the Property

The Florida Keys Sold Sisters

Ocean Sotheby's International Realty Listed on: 10/28/2024

Ocean Sotheby's International Realty

Last Buyer's Agent

Ashley Lindmar, Realtor

Coldwell Banker Schmitt Islamorada License #3158973

Coldwell Banker Schmitt Islamorada

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,988

Year Built

  • Built in 2002 | Remodeled

Lot Details

  • 0.5 Acre Lot
  • Property fronts gulf or ocean
  • Property Fronts a Bay or Harbor
  • Sandy Beach
  • Privacy Fence
  • Sprinkler System
  • Property is zoned R1 - Residential Single Family

HOA Fees

  • $17 Monthly HOA Fees

Home Design

  • Tile Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 3,389 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • French Doors
  • Sliding Doors
  • Entrance Foyer
  • Home Theater
  • Workshop
  • Storage
  • Utility Room
  • Gulf Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Concrete
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Maid or Guest Quarters
  • Dual Flush Toilets

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass
  • Fire and Smoke Detector

Parking

  • Garage
  • Open Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Davits
  • Seawall
  • Boat Lift
  • Dock made with concrete
  • Balcony
  • Patio
  • Outdoor Water Feature
  • Lanai
  • Exterior Lighting
  • Outdoor Storage
  • Attached Grill
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Programmable Thermostat
  • Propane
  • Tankless Water Heater
  • Public Hookup Available For Sewer
  • Cable TV Available

Additional Features

  • ENERGY STAR/CFL/LED Lights
  • Detached Guest House

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00416280-000000

Community Details

Overview

  • Key Heights Subdivision
  • Rental Restrictions

Recreation

  • Boat Ramp

Security

  • Building Security System

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,988

Year Built

Built in 2002 | Remodeled

Lot Details

0

HOA Fees

$17 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 200.00
  • Mandatory HOA: No
  • Voluntary HOA: Yes
  • Dockage Dock: Concrete
  • Dockage Seawall: Concrete
  • Fee Includes: Other
  • Key Island: Plantation Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 88.50
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 46988.19
  • Title: Title Ins - Buyer
  • Vehicle Storage: Garage, Open Parking
  • Year Built: 2002
  • Alternate Key Number: 1512451
  • Cooling Heating: Central Air, Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 22100.00
  • Pool Info: In Ground, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Patio
  • Association Maintenance Fee Per: Yearly
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 3389.00
  • Pre Wired: Cable
  • Specialty Rooms Guest Servant Qtrs: Non-Conforming
  • G F Interior Features: Tankless Hot Wtr Htr, LED Lighting, Dual Flush, Programmable Thermst
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Security System, Window Treatments, Walk-in Closet(s), Storage, Smoke Alarms, Entrance Foyer, Pantry, Cathedral Ceilings
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Ice Machine, Gas Appliances, Freezer, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Combo, Concrete, Marble
  • Half Bathrooms: 1
  • Specialty Rooms: Theater Room, Workshop, Utility Room
  • Windows/Doors: French Doors, Impact Rstnce Window, Impact Rstnce Doors, Glass Doors
  • Appliances Other: tankless water heat
  • Total Bedrooms: 5
  • Sq Ft Remarks: sq ft reflects upstairs and downstairs

Exterior Features

  • Dockage: Davits, Basin, Boat Lift
  • Waterfront: Bay Front, Open Water, Gulf Front
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Built-in Grill, Water Display, Storage, Sprinkler System, Sandy Beach, Privacy Wall/Fence, Outdoor Shower, Lanai, Lighting, Hot Tub, Rain Gutters, Detached Guest Qtrs
  • Roof: Tile Roof
  • Waterview: Bay/Gulf View, Open Water View
  • Pool: Yes

Utilities

  • Security: On Premises System
  • Utilities: FKAA, Propane, Cable Available, Water Separate Meter, Buyer to Verify, Municipal Sewer
  • Heating: Central

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: VE,AE,AE
  • Parcel Number: 00416280-000000
  • Land Size: 1/2 - Less Than 1 AC
  • Acres: 0.50

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2024
Closed on
Jan 14, 2025
Sold by
Alan D Mendelson Revocable Trust and Mendelson Alan D
Bought by
Grundy Vaughan S and Donington Rachel E
Seller's Agent
The Florida Keys Sold Sisters
Ocean Sotheby's International Realty
Buyer's Agent
Ashley Lindmar, Realtor
Coldwell Banker Schmitt Islamorada
List Price
$9,995,000
Sold Price
$9,600,000
Premium/Discount to List
-$395,000
-3.95%
Views
101
Current Estimated Value
$7,056,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,543,823
Avg. Annual Appreciation
-25.62%

Purchase Details

Listed on
Nov 30, 2019
Closed on
Nov 11, 2020
Sold by
Mcknight Jeffrey W and Mcknight Karen A
Bought by
Amended And Restated Alan D Mendelson Revocab and Mendelson
Seller's Agent
Billy Hart
Ocean Sotheby's International Realty
Buyer's Agent
Creative Technology
List Price
$4,950,000
Sold Price
$4,450,000
Premium/Discount to List
-$500,000
-10.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.19%
Original Mortgage
$3,337,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 9, 2013
Closed on
Mar 25, 2014
Sold by
Stroup Anthony R and Stroup Regina C
Bought by
Mcknight Jeffrey W and Mcknight Karen A
Seller's Agent
Billy Hart
Ocean Sotheby's International Realty
Buyer's Agent
Bill Hart
Century 21 Prestige Realty Grp, Tavernier
List Price
$3,875,000
Sold Price
$3,700,000
Premium/Discount to List
-$175,000
-4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.82%
Original Mortgage
$2,400,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 23, 2000
Sold by
Willich Randy R and Willich Inge Willich
Bought by
Stroup Anthony R and Stroup Regina C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
7.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 1971
Bought by
Mcknight Jeffrey W and Mcknight Karen A
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

Date Buyer Sale Price Title Company
Grundy Vaughan S $9,600,000 Coral Reef Title
Amended And Restated Alan D Mendelson Revocab $4,450,000 None Listed On Document
Mcknight Jeffrey W $3,700,000 Absolute First Title Llc
Stroup Anthony R $880,000 --
Mcknight Jeffrey W $84,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Amended And Restated Alan D Mendelson Revocab $3,337,500
Previous Owner Mcknight Jeffrey W $2,400,000
Previous Owner Stroup Anthony R $723,000
Previous Owner Stroup Anthony R $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/15/2025 01/15/25 Sold $9,600,000 -4.0% $2,833 / Sq Ft
01/02/2025 01/02/25 Pending -- -- --
10/28/2024 10/28/24 For Sale $9,995,000 +124.6% $2,949 / Sq Ft
11/13/2020 11/13/20 Sold $4,450,000 -10.1% $1,740 / Sq Ft View Prior Sale
11/03/2020 11/03/20 Pending -- -- --
11/30/2019 11/30/19 For Sale $4,950,000 +33.8% $1,936 / Sq Ft
03/25/2014 03/25/14 Sold $3,700,000 -4.5% $1,447 / Sq Ft View Prior Sale
02/06/2014 02/06/14 Pending -- -- --
12/09/2013 12/09/13 For Sale $3,875,000 -- $1,515 / 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
2025 $49,109 $7,394,825 $5,934,780 $1,460,045
2024 $46,988 $6,579,656 $5,236,067 $1,343,589
2023 $46,988 $6,435,686 $5,119,710 $1,315,976
2022 $40,346 $4,868,475 $3,537,262 $1,331,213
2021 $36,275 $3,719,789 $2,490,053 $1,229,736
2020 $34,600 $3,530,043 $2,490,053 $1,039,990
2019 $35,465 $3,546,939 $2,490,053 $1,056,886
2018 $33,983 $3,411,354 $2,367,879 $1,043,475
2017 $32,146 $3,293,630 $0 $0
2016 $33,366 $3,219,302 $0 $0
2015 $31,773 $3,124,765 $0 $0
2014 $15,814 $1,558,313 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • The Florida Keys Sold Sisters

    Seller's Agent in 2025

    The Florida Keys Sold Sisters

    Ocean Sotheby's International Realty

    (305) 393-0585

    53 in this area

    82 Total Sales

    The Florida Keys Sold Sisters
    Section Image

  • A

    Buyer's Agent in 2025

    Ashley Lindmar, Realtor

    Coldwell Banker Schmitt Islamorada

    (305) 394-2815

    19 in this area

    38 Total Sales

    Ashley Lindmar, Realtor
    Section Image

  • C

    Buyer Co-Listing Agent in 2025

    Christy Hughes

    Coldwell Banker Schmitt Islamorada

    (305) 393-6190

    62 in this area

    103 Total Sales

    Christy Hughes
    Section Image
  • Billy Hart

    Seller's Agent in 2020

    Billy Hart

    Ocean Sotheby's International Realty

    (305) 393-1140

    16 in this area

    23 Total Sales

    Billy Hart
    Section Image

  • o

    Buyer's Agent in 2020

    outside of mls

    Outside Of MLS

  • B

    Buyer's Agent in 2014

    Bill Hart

    Century 21 Prestige Realty Grp, Tavernier

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 612051

Florida Keys Board of REALTORS®

APN: 00416280-000000

Florida Monroe County Tavernier 33070

162 Key Heights Dr, Tavernier, FL

Not Listed for Sale

Detached

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