NOT LISTED FOR SALE

281 8th St Key Colony Beach, FL 33051

Estimated Value: $1,299,146 - $1,607,000

3 Beds
3 Baths
1,717 Sq Ft
$826/Sq Ft Est. Value

Last Sold March 29, 2023

Last sale price $1,275,000 $743 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $8,525/month

82 Days on Market

About This Home

As of March 2023

The living is easy in this two story paradise home! With almost instant Vaca Cut access from its private 37ft. dock, quick Ocean & Gulf access is easily achieved! Generously proportioned half-duplex with soaring wood ceilings, granite kitchen and open living spaces that flow effortlessly out onto the wrap-around covered balcony overlooking the 100ft. wide canal. Enjoy peaceful golf course views from the master bedroom equip with a sleek on-suite bath. Completing this level is another spacious bedroom and full bath before heading down the interior stairwell to the 1bedroom/1 bath apartment, the perfect space for visiting guests. Fully furnished & ready for weekly rentals if you choose. Solid concrete home with Newer metal roof (2018) and hurricane impact windows & doors. Paver driveway provides ample space for both vehicles & a boat trailer plus some covered parking too. Come live the Key Colony Beach Lifestyle!

Last Listed By

Stephany Duvall

Engel & Volkers Marathon License #3491377 Listed on: 01/04/2023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,934

Year Built

1987

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Half Duplex
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 4
  • Dockage Dock: Composite
  • Dockage Dock Length: 37
  • Dockage Seawall: Concrete
  • Document Count: 1
  • Fee Includes: None
  • Key Island: Key Colony
  • Limited Representation: No
  • Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
  • Mile Marker: 53.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Clubhouse, Bike Paths, Beach
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 6092.89
  • Title: Negotiable
  • Vehicle Storage: Covered Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1987
  • Alternate Key Number: 8758669
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 4125.00
  • Porch Balcony: Screened P/B, Patio
  • Shutters: Other
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1717.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Granite Counter Top, Window Treatments, Walk-in Closet(s), Storage, Cathedral Ceilings, Wet Bar
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Sliding Glass Doors, Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Davits
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Fencing
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Security: Patrolled Area
  • Utilities: FKAA, Water Separate Meter, Elect Separate Meter, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00074880-000100
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.09

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2023
Closed on
Mar 24, 2023
Sold by
Reynas Paradise Inc
Bought by
Brinkley Nicholas G and Brinkley Laura E
Seller's Agent
Stephany Duvall
Engel & Volkers Marathon
Buyer's Agent
Aryl and Pati Robison
RE/MAX Presidential
List Price
$1,325,000
Sold Price
$1,275,000
Premium/Discount to List
-$50,000
-3.77%
Total Days on Market
82
Views
72
Current Estimated Value
$1,418,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,537
Avg. Annual Appreciation
5.19%
Original Mortgage
$1,000,000
Outstanding Balance
$971,700
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$446,837

Purchase Details

Closed on
Nov 2, 2016
Sold by
Rodriguez Felix and Rodriguez Reyna
Bought by
Reynas Paradise Inc

Purchase Details

Closed on
May 23, 2014
Sold by
Mier Luis Manuel and Mier Carlos Alberto
Bought by
Rodriguez Felix A and Rodriguez Reyna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.32%
Mortgage Type
New Conventional

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
Brinkley Nicholas G $1,275,000 C & C Title Agency Inc
Reynas Paradise Inc -- Attorney
Rodriguez Felix A $545,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brinkley Nicholas G $1,000,000
Previous Owner Rodriguez Felix A $414,500
Previous Owner Rodriguez Felix A $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2023 03/29/23 Sold $1,275,000 0.0% $743 / Sq Ft
03/29/2023 03/29/23 Sold $1,275,000 -3.8% $743 / Sq Ft
03/27/2023 03/27/23 Pending -- -- --
03/27/2023 03/27/23 Pending -- -- --
01/04/2023 01/04/23 For Sale $1,325,000 0.0% $772 / Sq Ft
12/16/2022 12/16/22 Price Changed $1,325,000 -1.9% $772 / Sq Ft
11/03/2022 11/03/22 Price Changed $1,350,000 -3.5% $786 / Sq Ft
08/02/2022 08/02/22 Price Changed $1,399,000 -3.5% $815 / Sq Ft
06/27/2022 06/27/22 For Sale $1,450,000 0.0% $844 / Sq Ft
06/26/2022 06/26/22 Off Market $1,450,000 -- --
06/24/2022 06/24/22 For Sale $1,450,000 -- $844 / 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 $7,934 $1,060,734 $478,500 $582,234
2023 $7,934 $980,423 $474,375 $506,048
2022 $6,705 $717,903 $379,500 $338,403
2021 $6,093 $561,854 $260,906 $300,948
2020 $5,484 $519,604 $247,500 $272,104
2019 $5,554 $526,630 $247,500 $279,130
2018 $5,187 $509,416 $247,500 $261,916
2017 $5,367 $542,841 $0 $0
2016 $5,444 $536,704 $0 $0
2015 $4,895 $466,138 $0 $0
2014 $4,798 $453,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 603632

APN: 00074880-000100