$5,250,000
SOLD MAR 20, 2025

291 Sunset Key Dr Key West, FL 33040

3 Beds
3 Baths
1,912 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$2,746 Per Sq Ft

4% Below List Price

19 Days on Market

About This Home

As of March 2025

Here is the perfect Sunset Key island getaway home with stunning panoramic Key West Harbor and Gulf views. Lounge by your pool and spa or on your four covered porches with IPE decking while you enjoy the sites of open water where the Gulf meets the Atlantic. This home is in absolute mint condition with an open flow throughout. This 3 bedroom, 3 bath quality home needs nothing more. Elegant and comfortable finishes throughout, hardwood and tile flooring, whole house sound system, central alarm, impact windows and doors, luxurious built in cabinets and plantation shutters provide luxury, security and safety. Bonus features include a detached garage AND an electric cart. Accessible by a 24 hour dedicated ferry this island retreat has it all including a fabulous restaurant in Latitudes, relaxing Spa, private beaches, tennis courts and a fitness center.

Last Agent to Sell the Property

Mike Caron

Keller Williams Key West Compass Realty License #3157326 Listed on: 02/26/2025

Keller Williams Key West Compass Realty

Last Buyer's Agent

Hana Tomita

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3401243

Berkshire Hathaway HomeServices Knight & Gardner Realty

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,069

Year Built

2006

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 4817.00
  • Mandatory HOA: Yes
  • Document Count: 1
  • Fee Includes: Common Area Mnt, Other
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Sunset Key
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Tennis Courts, Bike Paths, Spa, Fire Hydrant
  • Pets: Pets Allowed
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 27471.50
  • Title: Negotiable
  • Vehicle Storage: Garage, Off Street Parking, Detached
  • Year Built: 2006
  • Alternate Key Number: 9074352
  • Building Style: Conch
  • Cooling Heating: Central Air, Ceiling Fans(s), Heat Pump
  • Lot Sq Ft: 3672.00
  • Pool Info: In Ground, Concrete, Salt Water
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Deck
  • Association Maintenance Fee Per: Quarterly
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1912.00
  • Pre Wired: Cable
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Window Treatments, Smoke Alarms, Security System
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Wood
  • Windows/Doors: French Doors, Impact Rstnce Window
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront, Open Water, Gulf Front
  • Waterfront: Yes
  • Construction: Frame, Hardi Board Siding
  • Exterior Features: Fencing, Storage, Sprinkler System, Shed, Sandy Beach, Hot Tub
  • Roof: Metal Roof
  • Waterview: Bay/Gulf View, Harbor/Marina View, Open Water View
  • Pool: Yes

Utilities

  • Security: Patrolled Area
  • Utilities: FKAA, Cable Available, Elect Separate Meter, Water Separate Meter, Municipal Sewer
  • Heating: Heat Pump

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00000200-002901
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.08

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2025
Closed on
Mar 20, 2025
Sold by
Scerbo John A and Scerbo Family Trust
Bought by
Lyon Richard H and Lyon Jodie A
Seller's Agent
Mike Caron
Keller Williams Key West Compass Realty
Buyer's Agent
Hana Tomita
Berkshire Hathaway HomeServices Knight & Gardner Realty
List Price
$5,495,000
Sold Price
$5,250,000
Premium/Discount to List
-$245,000
-4.46%
Views
60
Current Estimated Value
$5,132,794

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$117,206
Avg. Annual Appreciation
-4.02%

Purchase Details

Closed on
Jan 30, 2020
Sold by
Scerbo John A and Scerbo Barbara R
Bought by
Scerbo Family Trust

Purchase Details

Closed on
Jan 15, 2020
Sold by
Scerbo John A and Scerbo Barbara R
Bought by
Scerbo Family Trust and Scerbo Barbara R

Purchase Details

Listed on
Jul 10, 2013
Closed on
Jan 9, 2014
Sold by
Gruen John I and Gruen Melissa A
Bought by
Scerbo John A and Scerbo Barbara R
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
J. Michael Caron
Compass Realty (KW)
List Price
$3,985,000
Sold Price
$3,637,500
Premium/Discount to List
-$347,500
-8.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.97%

Purchase Details

Closed on
Apr 19, 2004
Sold by
Sunset Acquisitions Corp
Bought by
Gruen John I and Gruen Melissa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,250,000
Interest Rate
4%
Mortgage Type
Construction
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 Type Sale Price Title Company
Warranty Deed $5,250,000 None Listed On Document
Warranty Deed $5,250,000 None Listed On Document
Warranty Deed $100 --
Warranty Deed $100 Attorney
Warranty Deed $3,637,500 Attorney
Special Warranty Deed $2,250,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,250,000 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/20/2025 03/20/25 Sold $5,250,000 -4.5% $2,746 / Sq Ft
03/17/2025 03/17/25 Pending -- -- --
02/26/2025 02/26/25 For Sale $5,495,000 +51.1% $2,874 / Sq Ft
01/09/2014 01/09/14 Sold $3,637,500 -8.7% $1,902 / Sq Ft View Prior Sale
12/12/2013 12/12/13 Pending -- -- --
07/10/2013 07/10/13 For Sale $3,985,000 -- $2,084 / Sq Ft
Source: Key West 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 $27,069 $3,333,906 -- --
2023 $27,069 $3,236,802 $0 $0
2022 $25,928 $3,142,527 $0 $0
2021 $26,678 $3,050,998 $0 $0
2020 $26,238 $3,008,874 $0 $0
2019 $25,880 $2,941,226 $0 $0
2018 $25,946 $2,886,385 $0 $0
2017 $25,863 $2,827,018 $0 $0
2016 $28,240 $2,874,755 $0 $0
2015 $29,891 $2,964,859 $0 $0
2014 $18,985 $1,836,788 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Key West Association of REALTORS®

MLS Number: 613896

Key West Association of REALTORS®

APN: 00000200-002901