NOT LISTED FOR SALE

20 Ibis Ln Marathon, FL 33050

Estimated Value: $4,925,000 - $6,175,000

5 Beds
5.5 Baths
5,022 Sq Ft
$1,071/Sq Ft Est. Value

Last Sold September 14, 2018

Last sale price $2,751,000 $548 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $30,605/month

7 Days on Market

Highlights

  • Airstrip
  • Lake Front
  • Detached Guest House
  • Coral Shores High School Rated A
  • Beach
  • Boat Lift

About This Home

As of September 2018

Large private luxury estate in one of the best neighborhoods in Marathon, right around the corner from Sombrero Beach! Large 4 bed, 4.5 bath main estate and separate 1 bed, 1 bath guest quarters sits on over 33,000sqft lot with open bay views, almost 650' of water frontage, & a large outdoor pool with waterfall, grotto, & swim up bar complete with full outdoor kitchen. Located at the end of the street, this fully gated property does not disappoint from the first moment you arrive. Drive into your grand entrance circling around a beautiful large fountain, with tons of parking for all your cars and toys! Inside the grandeur continues from your gourmet chefs kitchen, to the 7 person indoor theater, throughout each of the spacious bedrooms and luxurious master. This is property like no other!

Last Agent to Sell the Property

Sam Williams

Coldwell Banker Schmitt Real Estate Co. License #3186658 Listed on: 06/14/2018

Coldwell Banker Schmitt Real Estate Co.

Last Buyer's Agent

David Grego

Island Breeze Realty Branch Office License #BK3107004

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,775

Year Built

  • Built in 2004

Lot Details

  • 1.35 Acre Lot
  • Lake Front
  • Home fronts a canal
  • Privacy Fence
  • Fenced
  • Property is zoned RM - Residential Medium

Property Views

  • Harbor
  • Lake
  • Canal

Home Design

  • Tile Roof

Interior Spaces

  • 5,022 Sq Ft Home
  • Wet Bar
  • Bar
  • Tray Ceiling
  • Cathedral Ceiling
  • Ceiling Fan
  • French Doors
  • Sliding Doors
  • Entrance Foyer
  • Home Theater
  • Workshop
  • Storage
  • Impact Glass

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Maid or Guest Quarters
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Car Garage
  • Electric Gate
  • Guest Parking
  • Open Parking
  • Off-Street Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Spa

Outdoor Features

  • Airstrip
  • Boat Lift
  • Dock made with Composite Material
  • Balcony
  • Deck
  • Patio
  • Outdoor Water Feature
  • Outdoor Kitchen
  • Lanai
  • Gazebo
  • Attached Grill

Additional Homes

  • Detached Guest House

Utilities

  • Central Air
  • Separate Meters
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00355310-000121

Community Details

Overview

  • No Home Owners Association
  • Ibis Isle Subdivision
  • Rental Restrictions

Recreation

  • Beach
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,775

Year Built

Built in 2004

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
  • Dockage Dock: Composite
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Sombrero
  • Mile Marker: 50.00
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Airstrip, Bike Paths, Beach
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 17775.25
  • Title: Title Ins - Buyer
  • Vehicle Storage: Covered Parking, Trailer Storage, Off Street Parking, Open Parking, Guest Parking, Garage
  • Vehicle Storage Cars: 4+
  • Year Built: 2004
  • Alternate Key Number: 8655266
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 33113.00
  • Pool Info: Concrete, In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Deck, Patio, Open Porch/Balcony
  • Shutters: Other
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 5022.00
  • Specialty Rooms Guest Servant Qtrs: Legal
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Wet Bar, Whirlpool Bath Tub, Split Bedroom, Walk-in Closet(s), Tray Ceilings, Storage, Granite Counter Top, Entrance Foyer, Cathedral Ceilings
  • Total Bathrooms: 5.10
  • Full Bathrooms: 5
  • Appliances: Dishwasher, Range, Washer, Stainless Steel Appliance(s), Refrigerator, Oven, Microwave, Dryer
  • Floor: Carpet, Wood, Tile
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room, Workshop, Theater Room, Media Room
  • Windows/Doors: French Doors, Sliding Glass Doors, Impact Rstnce Window
  • Total Bedrooms: 5
  • Sq Ft Remarks: 25700 sqft bay bottom + 33113 sqft uplands

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Canal Front, Lake Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Bar, Water Display, Privacy Wall/Fence, Outdoor Kitchen, Fencing, Lanai, Hot Tub, Gazebo, Detached Guest Qtrs, Built-in Grill
  • Roof: Tile Roof
  • Waterview: Canal View, Harbor/Marina View, Lake View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: Elect Separate Meter, Water Separate Meter, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE 7
  • Parcel Number: 00355310-000121
  • Land Size: 1/2 - Less Than 1 AC
  • Acres: 1.35

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2017

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2018
Closed on
Sep 18, 2018
Sold by
Buzzetta Joseph C
Bought by
Hydraulics Unlimited Llc
Seller's Agent
Sam Williams
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
David Grego
Island Breeze Realty Branch Office
List Price
$2,499,000
Sold Price
$2,751,000
Premium/Discount to List
$252,000
10.08%
Current Estimated Value
$5,376,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,625,382
Avg. Annual Appreciation
9.60%

Purchase Details

Listed on
Jun 14, 2018
Closed on
Sep 13, 2018
Sold by
Buzzetta Joseph C
Bought by
Hydraulics Unlimited Llc
Seller's Agent
Sam Williams
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
David Grego
Island Breeze Realty Branch Office
List Price
$2,499,000
Sold Price
$2,751,000
Premium/Discount to List
$252,000
10.08%

Purchase Details

Closed on
Jan 13, 2006
Sold by
Dascanio Anthony A and Dascanio Darlene
Bought by
Buzzetta Joseph C and Buzzetta Valerie A

Purchase Details

Closed on
Jul 6, 2001
Sold by
Roger Pearman I
Bought by
Dascanio Anthony and Dascanio Darlene

Purchase Details

Closed on
May 1, 1982
Bought by
Buzzetta Joseph C and Buzzetta Valerie A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hydraulics Unlimited Llc $2,751,000 None Listed On Document
Hydraulics Unlimited Llc $2,751,000 Attorney
Hydraulics Unlimited Llc $2,751,000 None Listed On Document
Buzzetta Joseph C $4,000,000 None Available
Dascanio Anthony $310,000 --
Buzzetta Joseph C $80,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2018 09/14/18 Sold $2,751,000 +10.1% $548 / Sq Ft
06/21/2018 06/21/18 Pending -- -- --
06/14/2018 06/14/18 For Sale $2,499,000 -- $498 / 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 $30,231 $3,867,869 $2,358,532 $1,509,337
2024 $27,988 $3,954,961 $2,435,934 $1,519,027
2023 $27,988 $3,504,896 $2,030,714 $1,474,182
2022 $25,468 $3,028,301 $1,529,880 $1,498,421
2021 $22,818 $2,253,100 $833,265 $1,419,835
2020 $22,604 $2,267,044 $833,265 $1,433,779
2019 $22,400 $2,243,532 $792,288 $1,451,244
2018 $18,102 $1,872,475 $594,230 $1,278,245
2017 $18,281 $1,887,712 $0 $0
2016 $17,290 $1,725,451 $0 $0
2015 $17,016 $1,703,285 $0 $0
2014 $16,085 $1,564,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sam Williams

    Seller's Agent in 2018

    Sam Williams

    Coldwell Banker Schmitt Real Estate Co.

    (305) 289-6532

    439 in this area

    550 Total Sales

    Sam Williams
    Section Image

  • D

    Buyer's Agent in 2018

    David Grego

    Island Breeze Realty Branch Office

    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 580608

Florida Keys Board of REALTORS®

APN: 00355310-000121

Florida Monroe County Marathon 33050

20 Ibis Ln, Marathon, FL

Not Listed for Sale

Detached

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