NOT LISTED FOR SALE

24 Sunset Key Dr Key West, FL 33040

Estimated Value: $2,381,000 - $5,835,392

0.17 Acre
$21,159,000 Price per Acre
7,498 Sq Ft Lot

Last Sold August 23, 2019

Last sale price $3,520,000

Est. 3% increase in value since last sale

Current estimated payment $21,042/month

96 Days on Market

Highlights

  • Ocean Front
  • Beach
  • Island Location
  • Boat Dock
  • Tennis Courts
  • Community Pool

About This Lot

As of August 2019

24 Sunset Key Drive is the largest buildable oceanfront lot available on prestigious Sunset Key Island. Build the custom home of your dreams up to 3500 sq. ft ( see page two on deed in documents for reference to verify) for yourself and family or for an investment. Sunset Key is the ultimate in Luxury living with its white sandy beaches, tennis, spa, waterfront dinning and Bougainvillea laced homes accented with Hibiscus trees. Access is from Historic Old Town via a 24 hour ferry next to Margaritaville that features ample parking. Sunset Key is a 27 acre island located only 3 minutes off Key West and is the ultimate paradise island in paradise.

Last Agent to Sell the Property

Mark Grabowski

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3410568 Listed on: 03/25/2019

Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Buyer's Agent

Mark Grabowski

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3410568 Listed on: 03/25/2019

Berkshire Hathaway HomeServices Knight & Gardner Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $17,862

Lot Details

  • 7,498 Sq Ft Lot
  • Ocean Front
  • Fenced
  • Cleared Lot
  • Property is zoned HPRD - Hist Planned Redevelopment & Dev Dist

Additional Features

  • Ocean Views
  • Island Location
  • Electricity To Lot Line

Listing and Financial Details

  • Assessor Parcel Number 00000200-000524

Community Details

Overview

  • Sunset Key Island Unrcd Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Boat Dock
  • Beach
  • Tennis Courts
  • Community Pool
  • Community Spa
  • First Come-First Served Dock
  • Dock Facilities
  • Tennis Courts

Property Details

Property Type

Land

Est. Annual Taxes

$17,862

Lot Details

0

Listing Details

  • Property Type: Lots and Land
  • As Is Right To Inspect: Yes
  • Dockage Dock: Other
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Sunset Key
  • Limited Representation: No
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Tennis Courts, Beach, Spa, Community Dockage, Community Pool
  • Off Shore Island: Yes
  • Property Group I D: 19990816212131825981000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 17861.75
  • Title: Negotiable
  • Alternate Key Number: 8885261
  • Lot Sq Ft: 7498.00
  • First Right of Refusal: No
  • Mandatory HOA: Yes
  • Existing Utilities: Electric on Site, Other See Remarks, Sewer
  • Location Site: Water Frontage, Cleared Site, Fenced
  • Miscellaneous Info Mobile Home Lot: No
  • Survey Available: No
  • Tax Exemptions: None
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Dockage: Dock Privileges, First Come Dock
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Waterview: Open Water View, Ocean View

Utilities

  • Security: Patrolled Area, Other

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00000200-000524
  • Land Size: Less Than 1/4 Acre
  • Building Permit: No Permit

Tax Info

  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2019
Closed on
Aug 19, 2019
Sold by
Paraside Key Llc
Bought by
Favre Arthur E
Seller's Agent
Mark Grabowski
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Mark Grabowski
Berkshire Hathaway HomeServices Knight & Gardner Realty
List Price
$3,800,000
Sold Price
$3,520,000
Premium/Discount to List
-$280,000
-7.37%
Current Estimated Value
$3,639,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,348
Avg. Annual Appreciation
0.54%

Purchase Details

Closed on
May 2, 2005
Sold by
Kostelny Carolyn C
Bought by
Paradise Key Llc

Purchase Details

Closed on
Jun 1, 2003
Sold by
Christal Gloria
Bought by
Kostelny Carolyn C

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
5.68%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 20, 2002
Sold by
Sunset Acquisitions Corp C
Bought by
Christal Donald J and Christal Gloria H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 1997
Bought by
Paradise Key Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Favre Arthur E $3,520,000 Attorney
Paradise Key Llc $3,200,000 First American Title Ins Co
Kostelny Carolyn C $1,375,000 --
Christal Donald J $1,285,500 --
Paradise Key Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kostelny Carolyn C $1,120,000
Previous Owner Christal Donald J $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2019 08/23/19 Sold $3,520,000 -7.4% --
06/29/2019 06/29/19 Pending -- -- --
03/25/2019 03/25/19 For Sale $3,800,000 -- --
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 $22,776 $2,774,260 $2,774,260 --
2023 $22,776 $2,774,260 $2,774,260 $0
2022 $22,699 $3,284,124 $3,284,124 $0
2021 $20,817 $2,624,300 $2,624,300 $0
2020 $17,698 $2,026,335 $2,026,335 $0
2019 $17,862 $2,026,335 $2,026,335 $0
2018 $17,545 $1,947,231 $1,947,231 $0
2017 $17,862 $1,947,231 $0 $0
2016 $19,308 $1,986,970 $0 $0
2015 $35,803 $4,504,424 $0 $0
2014 $29,311 $2,849,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark Grabowski

    Seller's Agent in 2019

    Mark Grabowski

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (305) 783-2897

    12 Total Sales

    Mark Grabowski
    Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 584996

Florida Keys Board of REALTORS®

APN: 00000200-000524

Florida Monroe County Key West 33040

24 Sunset Key Dr, Key West, FL

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.

Florida Keys Board of REALTORS® 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.

Nearby Homes