Seller's Agent in 2024
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
(305) 797-1221
627 Total Sales
16750 Old State Road 4a Summerland Key, FL 33042
Estimated Value: $6,211,000 - $6,835,306
6
Beds
5
Baths
5,208
Sq Ft
$1,251/Sq Ft
Est. Value
About This Home
As of June 2024Nestled within exclusive Sugarloaf Beach, on a gated, abundantly private 2.5-Acre lot, lies an incomparable, 5,200 Sq. Ft. Oceanfront Estate, boasting unparalleled resort-style amenities! A protected, 6-Boat Basin with 25K and 16K lifts, with boat ramp, and private sandy beach, lookout and composite observation deck, this property is an angler's paradise! Enjoy immediate access to world-class fishing and diving from your own backyard. After a day on the water, cool off in the designer, lagoon-style saltwater pool, complete with heater, chiller, and custom water features. Relax poolside in the shade of the tiki bar, featuring TVs and True refrigerator/freezer drawers with ice machine. Enjoy endless sea breezes from your private sandy beach and sip evening cocktails with guests around the firepit. Grill up your fresh catch in the well-equipped outdoor kitchen, with built-in BBQ and Viking and True appliances. Upstairs, the colossal Great Room offers Open Water Views and features a bright and breezy open concept, with Chef's Kitchen, stainless appliances, and spacious dining room. Enjoy gorgeous Ocean Views from either of two covered verandas. Retire to a luxurious primary suite with in-suite office, en suite, walk-in closet with laundry, sun room and additional loft. Visitors will enjoy comfortable accommodation in either of two spacious upstairs guest bedrooms, or in the privacy of the separate downstairs living space boasting three additional guest bedrooms. Catered to hosting memorable events, this property is wired with a Sonos sound system and property-wide Wi-Fi throughout. Enjoy an abundance of storage for tools and equipment with the attached two-car garage and built-in fishing lockers. Plenty of parking for all with an attached one-car garage and additional open parking with a winding brick paver driveway. Peace and tranquility abound at this lushly landscaped and supremely private Sugarloaf Key paradise. Call for more information today!
Last Agent to Sell the Property
Coldwell Banker Schmitt Lower Keys (KW) License #605677 Listed on: 04/12/2024
Last Buyer's Agent
Lisa Swanson
Coldwell Banker Schmitt Real Estate Co.
Home Details
Home Type
Single Family
Est. Annual Taxes
$44,951
Year Built
1959
Lot Details
0
Listing Details
- Property Type: Residential
- Style: Single Family
- As Is Right To Inspect: Yes
- First Right of Refusal: No
- Mandatory HOA: No
- Control Depth: 3
- Dockage Dock: Composite
- Document Count: 1
- Fee Includes: None
- Key Island: Sugarloaf Key
- Limited Representation: No
- Marathon Neighborhood: N/A
- Mile Marker: 17.00
- Min Rental Days: 28.00
- M L S Identifier: 20060123165453488875000000
- Neighborhood Feature: Other Area Features, Bike Paths, Airstrip
- Off Shore Island: No
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Sale Terms: Cash
- Side: Ocean
- State Province: FL
- Taxes: 44950.76
- Title: Negotiable
- Vehicle Storage: Garage, Trailer Storage, RV Parking Open, Off Street Parking, Open Parking, Auto Door Opener, Attached
- Year Built: 1959
- Alternate Key Number: 1152901
- Cooling Heating: Central Air, Ductless, Ceiling Fans(s)
- Lot Sq Ft: 101536.00
- Pool Info: In Ground, Concrete, Salt Water
- Pool Info Heated: Yes
- Porch Balcony: Open Porch/Balcony, Screened P/B
- Species List: Yes
- Tax Exemptions: None
- Building Style Above Flood: Unknown
- Estimated Living Sq Ft: 5208.00
- Pool Info Other: Chiller
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: Detached
Interior Features
- Interior Amenities: Drapes/Blinds Incl, Bar, Window Treatments, Whirlpool Bath Tub, Walk-in Closet(s), Storage, Sky Light(s), Security System, Granite Counter Top, Built-in Cabinets, Entrance Foyer, Split Bedroom
- Total Bathrooms: 5.00
- Full Bathrooms: 4
- Appliances: More Appliances, Stainless Steel Appliance(s), Wine Cooler, Ice Machine, Freezer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer, Washer
- Floor: Tile, Wood
- Half Bathrooms: 1
- Specialty Rooms: Laundry Room, Workshop, Loft
- Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
- Total Bedrooms: 6
Exterior Features
- Dockage: Boat Lift, Basin, Boat Slip, Boat Ramp
- Waterfront: Oceanfront, Open Water
- Waterfront: Yes
- Construction: CBS
- Exterior Features: Bar, Water Display, Storage, Sprinkler System, Sandy Beach, Privacy Wall/Fence, Outdoor Shower, Outdoor Kitchen, Lanai, Lighting, Fencing, Chickee Hut, Built-in Grill
- Roof: Metal Roof
- Waterview: Ocean View, Harbor/Marina View, Open Water View
- Pool: Yes
Utilities
- Security: Electric Gate, On Premises System
- Utilities: FKAA, Buyer to Verify, Municipal Sewer
- Heating: Central, Ductless
Lot Info
- Deed Restrictions: Unknown
- Flood Zone: AE,VE,VE,AE
- Parcel Number: 00119370-000000
- Land Size: 2 Less Than 5 Acres
- Acres: 2.33
Rental Info
- Rentals Allowed: With Restrictions
- Furnished: Partially, Negotiable
Tax Info
- Tax Year: 2023
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 12, 2024
Closed on
Jun 11, 2024
Sold by
Blue Water Lagoon Llc
Bought by
Sorrell Plus Llc and Sorrell Family Limited Partnership 1 Ltd
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
Buyer's Agent
Lisa Swanson
Coldwell Banker Schmitt Real Estate Co.
List Price
$7,499,000
Sold Price
$6,800,000
Premium/Discount to List
-$699,000
-9.32%
Views
52
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$285,898
Avg. Annual Appreciation
-3.49%
Purchase Details
Closed on
Jul 26, 2021
Sold by
Cuneo Stefan J
Bought by
Blue Water Lagoon Llc
Purchase Details
Listed on
Feb 17, 2020
Closed on
Feb 19, 2021
Sold by
Tide Llc
Bought by
Cuneo Stefan J
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Terrance Sullivan
Buy The Keys (KW)
List Price
$4,499,000
Sold Price
$4,400,000
Premium/Discount to List
-$99,000
-2.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.05%
Purchase Details
Closed on
Nov 7, 2016
Sold by
Tide Llc
Bought by
Dalk Land Lp
Purchase Details
Listed on
Aug 18, 2014
Closed on
Oct 20, 2014
Sold by
Hickman Gary Ray and Hickman Mary Jo
Bought by
Tide Llc
Seller's Agent
Karen Haack
Prudential Keyside Prop/BPK
Buyer's Agent
Karen Haack
Prudential Keyside Prop/BPK
List Price
$3,900,000
Sold Price
$3,100,000
Premium/Discount to List
-$800,000
-20.51%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.07%
Purchase Details
Closed on
Jun 23, 2005
Sold by
Sugar Loaf Palm Partners Llc
Bought by
Hickman Gary Ray and Hickman Mary Jo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Interest Rate
5.7%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Jan 20, 2005
Sold by
Hassan Charles R and Hassan Heather L
Bought by
Sugar Loaf Palm Partners Llc
Purchase Details
Closed on
Nov 5, 2004
Sold by
Rali Inc
Bought by
Hassan Charles R and Hassan Heather L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 30, 1998
Bought by
Tide Llc
Purchase Details
Closed on
Jul 29, 1998
Bought by
Tide Llc
Purchase Details
Closed on
Jan 1, 1986
Bought by
Tide Llc
Purchase Details
Closed on
Dec 1, 1985
Bought by
Tide Llc
Purchase Details
Closed on
Apr 1, 1981
Bought by
Tide Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sorrell Plus Llc | $6,800,000 | None Listed On Document | |
| Blue Water Lagoon Llc | -- | Accommodation | |
| Cuneo Stefan J | $4,400,000 | Attorney | |
| Dalk Land Lp | -- | Attorney | |
| Tide Llc | $3,100,000 | True Title Agency Inc | |
| Hickman Gary Ray | $2,900,000 | -- | |
| Sugarloaf Fun West Llc | $1,600,000 | -- | |
| Sugar Loaf Palm Partners Llc | $2,500,000 | -- | |
| Hassan Charles R | $1,400,000 | -- | |
| Tide Llc | -- | -- | |
| Tide Llc | -- | -- | |
| Tide Llc | $75,000 | -- | |
| Tide Llc | -- | -- | |
| Tide Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Sugarloaf Fun West Llc | $1,120,000 | |
| Previous Owner | Hassan Charles R | $960,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/14/2024 06/14/24 | Sold | $6,800,000 | -9.3% | $1,306 / Sq Ft |
| 05/18/2024 05/18/24 | Pending | -- | -- | -- |
| 04/12/2024 04/12/24 | For Sale | $7,499,000 | +70.4% | $1,440 / Sq Ft |
| 02/19/2021 02/19/21 | Sold | $4,400,000 | -1.5% | $845 / Sq Ft |
| 01/08/2021 01/08/21 | Pending | -- | -- | -- |
| 09/11/2020 09/11/20 | Price Changed | $4,469,000 | -0.2% | $858 / Sq Ft |
| 09/04/2020 09/04/20 | Price Changed | $4,479,000 | -0.2% | $860 / Sq Ft |
| 07/20/2020 07/20/20 | Price Changed | $4,489,000 | -0.2% | $862 / Sq Ft |
| 02/17/2020 02/17/20 | For Sale | $4,499,000 | +45.1% | $864 / Sq Ft |
| 10/22/2014 10/22/14 | Sold | $3,100,000 | -20.5% | $595 / Sq Ft |
| 09/16/2014 09/16/14 | Pending | -- | -- | -- |
| 08/18/2014 08/18/14 | For Sale | $3,900,000 | -- | $749 / Sq Ft |
Source: Key West Association of REALTORS®
Tax History Compared to Growth
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 | $44,951 | $4,975,370 | $2,420,013 | $2,555,357 |
| 2023 | $44,951 | $5,443,440 | $2,289,812 | $3,153,628 |
| 2022 | $39,779 | $4,634,995 | $1,472,048 | $3,162,947 |
| 2021 | $28,431 | $3,266,428 | $1,267,608 | $1,998,820 |
| 2020 | $25,234 | $2,693,243 | $1,144,943 | $1,548,300 |
| 2019 | $25,722 | $2,733,875 | $1,144,943 | $1,588,932 |
| 2018 | $29,321 | $3,032,147 | $1,436,011 | $1,596,136 |
| 2017 | $29,582 | $3,085,070 | $0 | $0 |
| 2016 | $28,758 | $2,914,513 | $0 | $0 |
| 2015 | $27,100 | $2,641,715 | $0 | $0 |
| 2014 | $19,508 | $1,943,134 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lisa Ferringo
-
L
Buyer's Agent in 2024
Lisa Swanson
Coldwell Banker Schmitt Real Estate Co.
-
T
Buyer's Agent in 2021
Terrance Sullivan
Buy The Keys (KW)
-
K
Seller's Agent in 2014
Karen Haack
Prudential Keyside Prop/BPK
Map
Source: Key West Association of REALTORS®
MLS Number: 609579
APN: 00119370-000000
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.
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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