$3,200,000
SOLD MAR 24, 2014

298 South Dr Islamorada, FL 33036

4 Beds
3 Baths
3,938 Sq Ft
0.65 Acres

Recently Sold

$813 Per Sq Ft

5% Below List Price

27 Days on Market

Highlights

  • Ocean Front
  • Boat Lift
  • Home Theater
  • Plantation Key School Rated A-
  • Sandy Beach
  • 1-minute walk to Indian Key

About This Home

As of October 2020

Spectacular Oceanfront Estate providing very private setting in gated community. Architectural masterpiece designed with high cathedral ceilings and impressive exterior elegance. The great room encompassing the living room, dining area and chef's kitchen is grandiose. The master bedroom has a beautiful ocean view,fabulous bathroom, and private oceanfront porch.

Last Agent to Sell the Property

Billy Hart

Ocean Sotheby's International Realty License #412724 Listed on: 01/07/2014

Ocean Sotheby's International Realty

Last Buyer's Agent

Ginger Henderson, Broker

American Caribbean Real Estate - Middle Keys

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,446

Year Built

  • Built in 1997

Lot Details

  • 0.65 Acre Lot
  • Ocean Front
  • Sandy Beach
  • Fenced
  • Property is zoned R1 - Residential Single Family

HOA Fees

  • $29 Monthly HOA Fees

Home Design

  • Metal Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 3,938 Sq Ft Home
  • Elevator
  • Cathedral Ceiling
  • Ceiling Fan
  • Shutters
  • Blinds
  • French Doors
  • Sliding Doors
  • Entrance Foyer
  • Home Theater
  • Storage
  • Ocean Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom
  • Complete Accordion Shutters
  • Fire and Smoke Detector

Parking

  • Attached Garage
  • Carport
  • Electric Gate

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Spa
  • Pool Deck

Outdoor Features

  • Boat Lift
  • Balcony
  • Patio
  • Outdoor Kitchen
  • Exterior Lighting
  • Outdoor Storage
  • Attached Grill

Utilities

  • Central Air
  • Separate Meters
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00412241-000200

Community Details

Overview

  • Association fees include common area mnt
  • Plantation Lake Estates Subdivision

Security

  • Building Security System

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,446

Year Built

Built in 1997

Lot Details

0

HOA Fees

$29 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • Association Fee: 350.00
  • Mandatory HOA: Yes
  • Control Depth: 4
  • Dockage Dock Length: 38
  • Fee Includes: Common Area Mnt
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Plantation Key
  • Limited Representation: No
  • Mile Marker: 87.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 14445.60
  • Vehicle Storage: Attached, Covered Parking, Garage, Carport
  • Year Built: 1997
  • Alternate Key Number: 8705174
  • Building Style Stilt Column Height: Tall - 10Ft & Over
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 28491.00
  • Pool Info: Concrete, In Ground, Decked
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Patio
  • Association Maintenance Fee Per: Yearly
  • Shutters: Accordion, Panel, Other
  • Species List: No
  • Tax Exemptions: None
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 3938.00
  • Sewer Hook Up: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Whirlpool Bath Tub, Window Treatments, Smoke Alarms, Walk-in Closet(s), Storage, Split Bedroom, Pantry, Security System, Intercom, Elevator, Entrance Foyer, Cathedral Ceilings, Drapes/Blinds Incl
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Oven, Refrigerator, Range, Microwave, Dryer, Disposal
  • Floor: Carpet, Tile
  • Specialty Rooms: Theater Room
  • Windows/Doors: Aluminum Windows, Glass Doors, French Doors
  • Total Bedrooms: 4

Exterior Features

  • Dockage: Basin, Boat Lift
  • Waterfront: Oceanfront
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Built-in Grill, Sandy Beach, Storage, Outdoor Kitchen, Fencing, Lighting, Hot Tub
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate, On Premises System
  • Utilities: Cable Available, Water Separate Meter, Septic Tank, FKAA, Elect Separate Meter

Lot Info

  • Deed Restrictions: Unknown
  • Parcel Number: 00412241-000200
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.65

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2018
Closed on
Oct 2, 2020
Sold by
Brownco Capital Llc
Bought by
Wiley Paris Ray and Wiley Carolyne Rhodes
Seller's Agent
Ginger Henderson
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Amy Puto
Coldwell Banker Schmitt Real Estate Co.
List Price
$4,500,000
Sold Price
$3,700,000
Premium/Discount to List
-$800,000
-17.78%
Current Estimated Value
$5,707,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,007,848
Avg. Annual Appreciation
9.19%
Original Mortgage
$2,775,000
Outstanding Balance
$2,444,641
Interest Rate
2.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,263,207

Purchase Details

Listed on
Jan 7, 2014
Closed on
Mar 24, 2014
Sold by
Mcknight Jeffrey W and Mcknight Karen A
Bought by
Brownco Capital Llc
Seller's Agent
Billy Hart
Ocean Sotheby's International Realty
Buyer's Agent
Ginger Henderson, Broker
American Caribbean Real Estate - Middle Keys
List Price
$3,385,000
Sold Price
$3,200,000
Premium/Discount to List
-$185,000
-5.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.24%

Purchase Details

Closed on
Sep 2, 2011
Sold by
Miniea S Anthony and Miniea Judith A
Bought by
Mcknight Jeffrey W and Mcknight Karen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 2002
Sold by
Ptp Ptshp Llp
Bought by
Plantation Key Llc

Purchase Details

Closed on
Nov 1, 1995
Bought by
Brownco Capital Llc
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 $3,700,000 Wolfe Stevens Pllc
Warranty Deed $3,200,000 Absolute First Title Llc
Warranty Deed $3,100,000 Attorney
Warranty Deed $2,150,000 --
Warranty Deed $215,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,775,000 Purchase Money Mortgage
Previous Owner $2,000,000 New Conventional
Previous Owner $980,700 New Conventional
Previous Owner $250,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2020 10/09/20 Sold $3,700,000 -2.6% $940 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
02/22/2020 02/22/20 Price Changed $3,800,000 -15.6% $965 / Sq Ft
08/04/2018 08/04/18 For Sale $4,500,000 +40.6% $1,143 / Sq Ft
03/24/2014 03/24/14 Sold $3,200,000 -5.5% $813 / Sq Ft
02/03/2014 02/03/14 Pending -- -- --
01/07/2014 01/07/14 For Sale $3,385,000 -- $860 / 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 $38,870 $6,009,882 $4,761,524 $1,248,358
2023 $38,870 $5,330,782 $4,122,248 $1,208,534
2022 $33,310 $4,009,079 $2,848,105 $1,160,974
2021 $29,950 $3,062,298 $2,004,922 $1,057,376
2020 $29,718 $3,024,876 $2,004,922 $1,019,954
2019 $29,112 $2,902,657 $2,004,922 $897,735
2018 $27,570 $2,758,837 $1,928,980 $829,857
2017 $27,358 $2,796,213 $0 $0
2016 $27,858 $2,680,792 $0 $0
2015 $26,966 $2,645,418 $0 $0
2014 $19,695 $2,708,033 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 563037

Florida Keys Board of REALTORS®

APN: 00412241-000200