NOT LISTED FOR SALE

224 Tide Ave Islamorada, FL 33070

Estimated Value: $4,010,000 - $7,298,000

4 Beds
5.5 Baths
3,830 Sq Ft
$1,617/Sq Ft Est. Value

Last Sold January 31, 2024

Last sale price $6,900,000 $1,802 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $34,800/month

25 Days on Market

Highlights

  • Boat Ramp
  • Boat Lift
  • Concrete Pool
  • Plantation Key School Rated A-
  • New Construction
  • 1-minute walk to Old Settler's Park

About This Home

As of January 2024

Discover Tide Avenue on Tavernier Creek, where the convergence of ocean and bay defines the heart of unparalleled luxury. Immerse yourself in this newly constructed, meticulously crafted custom home that sets the bar for excellence. Boasting 4 bedrooms and 5.5 bathrooms, each bedroom features its own ensuite, complemented by a full cabana bathroom accessible from both the interior and exterior, along with a convenient powder room.An elevator gracefully traverses the second floor, ground floor, and garage, providing seamless access throughout. The second-floor main living space showcases 3 bedrooms, 2.5 bathrooms, a spacious living room, well-appointed kitchen, walk-in pantry, and dining room. On the ground floor, an additional living room/multi-purpose space, a wet bar, and a second master bedroom await, offering versatility and comfort.Enhancing the ambiance, electric blinds and a built-in Sonos system surround every corner of this residence. Flow into the backyard oasis, where the true essence of this home unfolds. Marvel at the infinity pool and swim-up bar nestled within the gazebo, creating an idyllic retreat. The Ipe covered dock stands ready with 30k and 10k boatlifts, inviting you to embark on Keys adventures. Whether shrimping off the dock in winter or lobstering amidst the rocks in the summer, Tide Avenue embodies the quintessential Islamorada lifestyle.

Last Agent to Sell the Property

AJ Vetter

Palm House Real Estate License #3296730 Listed on: 11/15/2023

Last Buyer's Agent

Barbara Sibley

Ocean Reef Club Sotheby's International Realty License #549939

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,772

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 0.29 Acre Lot
  • Home fronts a canal
  • Fenced

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Metal Roof

Interior Spaces

  • 3,830 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Bar
  • Fireplace
  • Blinds
  • Storage
  • Tile Flooring
  • Canal Views

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Spa
  • Saltwater Pool

Outdoor Features

  • Boat Lift
  • Balcony
  • Gazebo

Utilities

  • Public Hookup Available For Sewer

Listing and Financial Details

  • Assessor Parcel Number 00434480-000000

Community Details

Overview

  • Edenaire Subdivision
  • Rental Restrictions

Recreation

  • Boat Ramp

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,772

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Association Fee: 300.00
  • Mandatory HOA: No
  • Voluntary HOA: Yes
  • Control Depth: 7
  • Dockage Dock Length: 70
  • Fee Includes: None
  • Key Island: Plantation Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 90.50
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 10772.09
  • Vehicle Storage: Garage
  • Year Built: 2023
  • Alternate Key Number: 1532291
  • Lot Sq Ft: 12800.00
  • Pool Info: In Ground, Concrete, Salt Water
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Yearly
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 3830.00
  • Property Condition: New Construction
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Quartz Countertops, Walk-in Closet(s), Storage, Security System, Elevator, Built-in Cabinets, Pantry, Fireplace(s), Wet Bar
  • Total Bathrooms: 6.00
  • Full Bathrooms: 5
  • Appliances: Washer, Stainless Steel Appliance(s), Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Half Bathrooms: 1
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 4

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Bar, Hot Tub, Gazebo, Fencing
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Parcel Number: 00434480-000000
  • Land Size: 1/4 - 1/2 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2023
Closed on
Jan 31, 2024
Sold by
Dunbar Partners Llc
Bought by
Jill H Mcnally 2008 Revocable Trust and Mcnally
Seller's Agent
AJ Vetter
Palm House Real Estate
Buyer's Agent
Barbara Sibley
Ocean Reef Club Sotheby's International Realty
List Price
$7,500,000
Sold Price
$6,900,000
Premium/Discount to List
-$600,000
-8%
Views
39
Current Estimated Value
$6,191,623

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$708,377
Avg. Annual Appreciation
-6.63%
Original Mortgage
$4,830,000
Outstanding Balance
$4,749,663
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$1,441,960

Purchase Details

Listed on
Jan 20, 2021
Closed on
Jun 21, 2021
Sold by
Klein Jeremy and Klein Angela
Bought by
Dunbar Partners Llc
Seller's Agent
AJ Vetter
Palm House Real Estate
Buyer's Agent
AJ Vetter
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
List Price
$1,600,000
Sold Price
$1,225,000
Premium/Discount to List
-$375,000
-23.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
93.92%

Purchase Details

Closed on
Feb 22, 2021
Sold by
Klein Jeremy
Bought by
Klein Jeremy and Klein Angela

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
2.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 5, 2020
Sold by
Hammond Louis G
Bought by
Klein Jeremy

Purchase Details

Closed on
Jun 21, 1999
Sold by
Dowsett Lauren and Dowsett Annik
Bought by
Hammond Louis G

Purchase Details

Closed on
May 14, 1997
Sold by
Southern Cross Holdings
Bought by
Dowsett Lauren and Dowsett Annik

Purchase Details

Closed on
May 1, 1990
Bought by
Hammond Louis G

Purchase Details

Closed on
Feb 1, 1986
Bought by
Hammond Louis G

Purchase Details

Closed on
Apr 1, 1981
Bought by
Hammond Louis G

Purchase Details

Closed on
Feb 1, 1973
Bought by
Hammond Louis G
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
Jill H Mcnally 2008 Revocable Trust $6,900,000 Reef Title
Dunbar Partners Llc $1,225,000 Coral Reef Title Company
Klein Jeremy -- Attorney
Klein Jeremy $975,000 Law Offices Of Thomas D Wright
Hammond Louis G $160,000 --
Dowsett Lauren $100 --
Hammond Louis G $90,000 --
Hammond Louis G $21,000 --
Hammond Louis G $21,000 --
Hammond Louis G $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jill H Mcnally 2008 Revocable Trust $4,830,000
Previous Owner Klein Jeremy $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2024 01/31/24 Sold $6,900,000 -8.0% $1,802 / Sq Ft
11/15/2023 11/15/23 For Sale $7,500,000 +512.2% $1,958 / Sq Ft
06/21/2021 06/21/21 Sold $1,225,000 -23.4% --
06/18/2021 06/18/21 Pending -- -- --
01/20/2021 01/20/21 For Sale $1,600,000 -- --
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 $12,468 $4,225,979 $2,079,364 $2,146,615
2023 $12,468 $1,546,756 $1,546,756 $0
2022 $10,772 $1,174,660 $1,174,660 $0
2021 $7,698 $800,132 $800,132 $0
2020 $5,124 $1,173,380 $1,173,380 $0
2019 $5,040 $1,173,380 $1,173,380 $0
2018 $1,894 $263,684 $263,684 $0
2017 $1,364 $141,732 $0 $0
2016 $1,460 $142,764 $0 $0
2015 $1,426 $142,241 $0 $0
2014 $1,492 $149,937 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 607435

Florida Keys Board of REALTORS®

APN: 00434480-000000