NOT LISTED FOR SALE

Estimated Value: $3,502,871 - $4,436,000

4 Beds
3.5 Baths
3,959 Sq Ft
$1,021/Sq Ft Est. Value

Last Sold April 25, 2013

Last sale price $1,627,000 $411 Per Sq Ft

Est. 149% increase in value since last sale

Current estimated payment $24,216/month

188 Days on Market

Highlights

  • Beach
  • Tennis Courts
  • Clubhouse
  • Property fronts gulf or ocean
  • 0.33 Acre Lot
  • 1-minute walk to The Park

About This Home

As of April 2013

This magnificent waterfront home, located in the exclusive gated community and on the island of Shark Key, has 4 bedrooms, 3.5 baths and over 1,100 square feet of covered outdoor living area. Enjoy relaxing on the many decks looking out over the sea, or live it up in the water, fishing, kayaking, paddle boarding, and Jet Skiing. Located only 10 minutes from the Key West International Airport, this is Key West living at its finest. Exquisite detailing throughout includes soaring California redwood ceilings, gorgeous Japanese and Italian tile work, striking bamboo floors and professional-style kitchen appliances with cherry wood counters.

Last Agent to Sell the Property

Vic Musmanno

Coldwell Banker Schmitt Real Estate Co. (KW) License #673105 Listed on: 10/03/2012

Coldwell Banker Schmitt Real Estate Co. (KW)

Co-Listed By

Shannon Musmanno

Coldwell Banker Schmitt Real Estate Co. (KW) License #3023137

Last Buyer's Agent

Scott Forman

ICAMCO Real Estate Inc. (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,813

Year Built

  • Built in 2012

Lot Details

  • 0.33 Acre Lot
  • Property fronts gulf or ocean
  • Sprinkler System
  • Property is zoned SR - Sub Urban Residential District

HOA Fees

  • $400 Monthly HOA Fees

Home Design

  • Pre-Cast Concrete Construction

Interior Spaces

  • 3,959 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Single Hung Windows
  • Sliding Doors
  • Entrance Foyer
  • Gulf Views
  • Laundry Room

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Home Security

  • Impact Glass
  • Fire and Smoke Detector

Parking

  • 2 Car Garage
  • Electric Gate
  • Off-Street Parking

Outdoor Features

  • Tennis Courts
  • Patio
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Air
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 00159252-006100

Community Details

Overview

  • Association fees include common area mnt
  • Shark Key Subdivision
  • The community has rules related to deed restrictions

Amenities

  • Clubhouse

Recreation

  • Beach
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,813

Year Built

Built in 2012

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Association Fee: 400.00
  • Mandatory HOA: Yes
  • Dockage Dock: Other
  • Fee Includes: Common Area Mnt
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Shark Key
  • K W Neighborhood: Outside of Key West
  • Mile Marker: 11.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Tennis Courts, Other Area Features, Clubhouse
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 3812.64
  • Title: Negotiable
  • Vehicle Storage: Covered Parking, Off Street Parking, Garage
  • Vehicle Storage Cars: 2
  • Year Built: 2012
  • Alternate Key Number: 8737211
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 14530.00
  • Porch Balcony: Patio
  • Association Maintenance Fee Per: Monthly
  • Tax Exemptions: None
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 3959.00
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Other, Walk-in Closet(s), Smoke Alarms, Pantry, Entrance Foyer, Cathedral Ceilings
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Wine Cooler, Stainless Steel Appliance(s), Microwave, Refrigerator, Range, Oven, Freezer, Disposal
  • Floor: Tile, Wood
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Impact Rstnce Window, Single Hung Windows, Sliding Glass Doors
  • Total Bedrooms: 4

Exterior Features

  • Waterfront: Gulf Front, Open Water
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Lighting, Storage, Sprinkler System
  • Roof: Other Roof
  • Waterview: Bay/Gulf View, Open Water View
  • Pool: No

Utilities

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

Lot Info

  • Deed Restrictions: Yes
  • Parcel Number: 00159252-006100
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.33

Tax Info

  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2012
Closed on
Apr 23, 2013
Sold by
Cramer Scott
Bought by
The Bataleur Trust
Seller's Agent
Vic Musmanno
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Scott Forman
ICAMCO Real Estate Inc. (KW)
List Price
$2,195,000
Sold Price
$1,627,000
Premium/Discount to List
-$568,000
-25.88%
Total Days on Market
188
Current Estimated Value
$4,043,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,416,624
Avg. Annual Appreciation
7.81%

Purchase Details

Closed on
Apr 30, 2012
Sold by
S & S Developers Of Bradenton Ii Inc
Bought by
Cramer Scott

Purchase Details

Closed on
Nov 4, 2009
Sold by
Arazi Mordechai and Arazi Sandra
Bought by
S & S Developers Of Bradenton Ii Inc

Purchase Details

Closed on
Mar 20, 1996
Sold by
Shark Key Dev Corp
Bought by
Arazi Mordechai and Arazi Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,394
Interest Rate
6.97%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
The Bataleur Trust $1,627,000 Attorney
Cramer Scott -- None Available
S & S Developers Of Bradenton Ii Inc $495,000 Attorney
Arazi Mordechai $112,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arazi Mordechai $350,000
Previous Owner Arazi Mordechai $100,000
Previous Owner Arazi Mordechai $66,000
Previous Owner Arazi Mordechai $66,000
Previous Owner Arazi Mordechai $110,000
Previous Owner Arazi Mordechai $65,394
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2013 04/25/13 Sold $1,627,000 -25.9% $411 / Sq Ft
04/09/2013 04/09/13 Pending -- -- --
10/03/2012 10/03/12 For Sale $2,195,000 -- $554 / 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
2024 $13,412 $1,586,596 -- --
2023 $13,412 $1,540,385 $0 $0
2022 $13,059 $1,495,520 $0 $0
2021 $13,554 $1,451,962 $0 $0
2020 $13,501 $1,431,916 $0 $0
2019 $13,258 $1,399,723 $0 $0
2018 $12,612 $1,293,372 $0 $0
2017 $12,257 $1,266,770 $0 $0
2016 $12,358 $1,240,715 $0 $0
2015 $13,728 $1,332,757 $0 $0
2014 $15,434 $1,438,099 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 117009

Florida Keys Board of REALTORS®

APN: 00159252-006100