NOT LISTED FOR SALE

Estimated Value: $2,156,000 - $10,911,947

9 Beds
8.5 Baths
7,270 Sq Ft
$1,012/Sq Ft Est. Value

Last Sold March 26, 2025

Last sale price $12,000,000 $1,651 Per Sq Ft

Est. 39% decrease in value since last sale

Current estimated payment $46,318/month

438 Days on Market

Highlights

  • Airstrip
  • Ocean Front
  • Beach
  • Coral Shores High School Rated A
  • Boat Ramp
  • Dock made with wood

About This Home

As of March 2025

Nestled along the sun-kissed shores of exclusive 15th Circle on prestigious Key Colony Beach is the iconic Lighthouse. This expansive and recently updated home offers the epitome of luxury coastal living. With its private beachfront, you'll wake up to the gentle lull of the waves and breathtaking views of the Atlantic Ocean. Relaxation meets sophistication. This spacious residence boasts:Generously sized living spaces designed for comfort and coastal elegance married with an open concept capsulating the tranquil Atlantic Ocean views.Upgraded kitchen equipped with modern appliances, perfect for culinary enthusiasts and entertainers alike.9 stylish bedrooms, each offering serene views and ample natural lightImpeccably renovated bathrooms with premium fixtures and finishesOwner's quarters for unparalleled privacy and comfort boasting an Owner's Suite that coastal living dreams are made of, complete with a generous walk-in closet, steam shower, tub, double vanity with storage galore, a separate living space with wet bar, pilates and music studio overlooking the ocean, beautiful home office and so much more. Private beachfront, one of a kind sparkling oceanfront pool for refreshing dips and lazy afternoons under the sun20k lb boat lift and private mooring ball granting seamless access to the crystal-clear watersOutdoor spaces ideal for entertaining, from intimate gatherings to lavish partiesWhether you seek a serene retreat or an entertainer's dream, this Key Colony Beach gem offers the ideal canvas to live your coastal dream. Experience the allure of Florida living in this luxurious waterfront haven. Embrace the serenity of oceanfront luxury living.

Last Agent to Sell the Property

Jessica Borraccino

Coldwell Banker Schmitt Real Estate Co. License #3270887 Listed on: 12/14/2023

Coldwell Banker Schmitt Real Estate Co.

Co-Listed By

Judith Zeder

Coldwell Banker Residential R.E. License #650944

Last Buyer's Agent

Sally Stribling

Coldwell Banker Schmitt Key Largo License #3159204

Coldwell Banker Schmitt Key Largo

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $65,895

Year Built

  • Built in 1991 | Newly Remodeled

Lot Details

  • 0.28 Acre Lot
  • Ocean Front
  • Sandy Beach
  • Privacy Fence
  • Fenced
  • Fruit Trees
  • Property is zoned R-1A - Key Colony Single Family

Home Design

  • Metal Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 7,270 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Furnished
  • Bar
  • Tray Ceiling
  • Ceiling Fan
  • Blinds
  • Entrance Foyer
  • Home Theater
  • Storage
  • Utility Room
  • Home Gym
  • Tile Flooring
  • Ocean Views

Kitchen

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

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Monitored
  • Impact Glass
  • Fire and Smoke Detector

Parking

  • Garage
  • Electric Gate
  • Guest Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Airstrip
  • Boat Lift
  • Dock made with wood
  • Tennis Courts
  • Balcony
  • Deck
  • Patio
  • Outdoor Kitchen
  • Exterior Lighting
  • Tiki or Chickee Hut
  • Attached Grill

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00079872-010300

Community Details

Overview

  • No Home Owners Association
  • Coury Sub Subdivision
  • Rental Restrictions

Recreation

  • Boat Ramp
  • Beach
  • Tennis Courts
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$65,895

Year Built

Built in 1991 | Newly Remodeled

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: 5
  • Dockage Dock: Wood
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key Colony
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 53.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp, Bike Paths, Airstrip, Beach, Tennis Courts
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 65894.87
  • Title: Title Ins - Buyer
  • Vehicle Storage: Garage, Trailer Storage, Covered Parking, Off Street Parking, Guest Parking
  • Year Built: 1991
  • Alternate Key Number: 8734280
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 25562.00
  • Pool Info: In Ground, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Deck, Patio, Roof Top Deck
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 7270.00
  • Pre Wired: Cable
  • Financial Status Auction: No
  • G F Interior Features: Tankless Hot Wtr Htr
  • Property Condition: New Construction, Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Tray Ceilings, Bar, Window Treatments, Walk-in Closet(s), Storage, Smoke Alarms, Security System, Elevator, Entrance Foyer, Pantry, Wet Bar
  • Total Bathrooms: 9.00
  • Full Bathrooms: 8
  • Appliances: Washer, Stainless Steel Appliance(s), Ice Machine, Freezer, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Half Bathrooms: 1
  • Specialty Rooms: Gym, Utility Room, Theater Room, Media Room, Laundry Room
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 9
  • Sq Ft Remarks: Gross Finished sq ft 14852

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS, Combo Construction, Concrete
  • Exterior Features: Bar, Sandy Beach, Privacy Wall/Fence, Outdoor Shower, Outdoor Kitchen, Lighting, Hot Tub, Fruit Tree(s), Fencing, Chickee Hut, Built-in Grill
  • Roof: Metal Roof, Combo Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate, Patrolled Area
  • Utilities: FKAA, Buyer to Verify
  • Heating: Central

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: VE,VE,AE
  • Parcel Number: 00079872-010300
  • Land Size: 1/2 - Less Than 1 AC
  • Acres: 0.28

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2020
Sold by
Hambrick Robert and Hambrick Jill M
Bought by
Hambrick Jill and Jill Centko Revocable Trust
Current Estimated Value
$7,356,982

Purchase Details

Listed on
May 28, 2018
Closed on
Sep 18, 2018
Sold by
Key Colony Homes Llc
Bought by
Hambrick Robert and Hambrick Jill
Seller's Agent
Kimberly Portner
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Jessica Borraccino
Coldwell Banker Schmitt Real Estate Co.
List Price
$4,700,000
Sold Price
$4,350,000
Premium/Discount to List
-$350,000
-7.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.00%

Purchase Details

Listed on
May 28, 2018
Closed on
Aug 30, 2018
Sold by
Key Colony Homes Llc
Bought by
Hambrick Robert and Hambrick Jill
Seller's Agent
Kimberly Portner
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Jessica Borraccino
Coldwell Banker Schmitt Real Estate Co.
List Price
$4,700,000
Sold Price
$4,350,000
Premium/Discount to List
-$350,000
-7.45%

Purchase Details

Closed on
Jan 21, 2010
Sold by
Forbes Gregory H
Bought by
Jobe Stanley P and Jobe Marjorie

Purchase Details

Closed on
Mar 2, 1999
Sold by
Patricia Jeanne Dwan Forbes Tr
Bought by
Forbes Gregory H

Purchase Details

Closed on
Dec 1, 1989
Bought by
Jobe Stanley P and Jobe Marjorie
Source: Public Records

Range of Values:

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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
Hambrick Jill -- Attorney
Hambrick Robert $5,000 None Listed On Document
Hambrick Robert $4,345,000 None Listed On Document
Hambrick Robert $5,000 Attorney
Hambrick Robert $4,345,000 Attorney
Hambrick Robert $5,000 None Listed On Document
Hambrick Robert $4,345,000 None Listed On Document
Jobe Stanley P $3,000,000 Attorney
Forbes Gregory H -- --
Jobe Stanley P $287,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2025 03/26/25 Sold $12,000,000 -20.0% $1,651 / Sq Ft
02/24/2025 02/24/25 Pending -- -- --
11/26/2024 11/26/24 Price Changed $14,999,000 -11.8% $2,063 / Sq Ft
11/01/2024 11/01/24 Price Changed $16,999,000 -3.3% $2,338 / Sq Ft
08/14/2024 08/14/24 Price Changed $17,585,000 -2.2% $2,419 / Sq Ft
04/13/2024 04/13/24 Price Changed $17,985,000 -1.2% $2,474 / Sq Ft
12/14/2023 12/14/23 For Sale $18,200,000 +318.4% $2,503 / Sq Ft
08/30/2018 08/30/18 Sold $4,350,000 -7.4% $882 / Sq Ft
06/26/2018 06/26/18 Pending -- -- --
05/28/2018 05/28/18 For Sale $4,700,000 -- $953 / Sq Ft
Source: Marathon and Lower Keys Association 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 $65,895 $8,985,486 $4,199,996 $4,785,490
2023 $65,895 $6,794,442 $3,249,761 $3,544,681
2022 $49,468 $5,130,185 $2,825,879 $2,304,306
2021 $37,367 $3,691,321 $1,604,788 $2,086,533
2020 $34,528 $3,571,768 $1,460,847 $2,110,921
2019 $35,064 $3,581,688 $1,446,383 $2,135,305
2018 $22,121 $2,333,818 $1,163,778 $1,170,040
2017 $25,321 $3,080,446 $0 $0
2016 $24,318 $2,876,717 $0 $0
2015 $21,473 $2,324,482 $0 $0
2014 $20,833 $2,319,282 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 607866

APN: 00079872-010300