NOT LISTED FOR SALE

3 Sunset Key Dr Key West, FL 33040

Estimated Value: $4,578,000 - $6,800,000

4 Beds
4.5 Baths
2,734 Sq Ft
$1,941/Sq Ft Est. Value

Last Sold May 23, 2014

Last sale price $4,650,000 $1,701 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $32,909/month

85 Days on Market

Highlights

  • Dock Facilities
  • Property fronts gulf or ocean
  • Concrete Pool
  • Beach
  • Tennis Courts
  • Marble Flooring

About This Home

As of May 2014

A rare waterfront estate overlooking the turquoise Atlantic Ocean. Situated on an exclusive private beach. This huge 4 bedroom, 4.5 bathroom home offers hardwood floors, fireplace, open high ceilings, gourmet kitchen, brick paved beachfront pool and spa, all accented by towering columns. Take in Key West's world famous sunsets from the comfort of your own balcony. Sunset Key is resort style living with all the amenities you could imagine. It's world class restaurant and spa offers fine dining and all the pampering you could ask for. This private island community is only a 3 minute air conditioned boat ride from Historical Old Town Key West. Come see what everyone is talking about!

Last Agent to Sell the Property

Rick Lively

Coldwell Banker Schmitt R.E. Listed on: 02/10/2014

Last Buyer's Agent

368903 368903

10162 00

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,427

Year Built

  • Built in 2005

Lot Details

  • 5,441 Sq Ft Lot
  • Property fronts gulf or ocean
  • Fenced
  • Sprinkler System

HOA Fees

  • $2,374 Monthly HOA Fees

Property Views

  • Ocean
  • Gulf

Home Design

  • Metal Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 2,734 Sq Ft Home
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Fireplace
  • Single Hung Windows
  • French Doors
  • Storage

Kitchen

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

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Monitored
  • Impact Glass

Parking

  • Garage
  • Off-Street Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Outdoor Shower
  • Spa

Outdoor Features

  • First Come-First Served Dock
  • Dock Facilities
  • Tennis Courts
  • Patio
  • Lanai
  • Exterior Lighting
  • Shed

Utilities

  • Central Air

Listing and Financial Details

  • Homestead Exemption

Community Details

Overview

  • Association fees include common area mnt
  • Sunset Key Island Unrcd Subdivision

Recreation

  • Beach
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,427

Year Built

Built in 2005

Lot Details

0

HOA Fees

$2,374 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: 7120.72
  • Mandatory HOA: Yes
  • Dockage Dock: Other
  • Fee Includes: Common Area Mnt
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Sunset Key
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Tennis Courts
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Other Terms
  • Side: Ocean
  • State Province: FL
  • Taxes: 27426.56
  • Title: Negotiable
  • Vehicle Storage: Covered Parking, Off Street Parking, Garage
  • Year Built: 2005
  • Alternate Key Number: 9042155
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 5441.00
  • Pool Info: Concrete, In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Patio
  • Association Maintenance Fee Per: Quarterly
  • Tax Exemptions: Homestead
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2734.00
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Bar, Other, Walk-in Closet(s), Storage, Granite Counter Top, Fireplace(s), Cathedral Ceilings, Built-in Cabinets
  • Total Bathrooms: 4.10
  • Full Bathrooms: 4
  • Appliances: Dishwasher, Washer, Oven, Refrigerator, Range, Microwave, Gas Appliances, Dryer, Disposal
  • Floor: Marble, Wood, Tile
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room
  • Windows/Doors: French Doors, Single Hung Windows, Impact Rstnce Window
  • Total Bedrooms: 4

Exterior Features

  • Dockage: Dock Privileges, First Come Dock
  • Waterfront: Gulf Front, Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Fencing, Shed, Tennis Court(s), Storage, Sprinkler System, Outdoor Shower, Hot Tub, Lighting, Lanai
  • Roof: Metal Roof
  • Waterview: Bay/Gulf View, Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Patrolled Area
  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.12

Rental Info

  • Furnished: Negotiable

Tax Info

  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2014
Closed on
May 21, 2014
Sold by
Arburua Martin
Bought by
Prentice E Miles and Prentice Katharine
Seller's Agent
Rick Lively
Coldwell Banker Schmitt R.E.
Buyer's Agent
368903 368903
10162 00
List Price
$5,100,000
Sold Price
$4,650,000
Premium/Discount to List
-$450,000
-8.82%
Current Estimated Value
$5,306,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$656,749
Avg. Annual Appreciation
1.16%
Original Mortgage
$3,490,000
Outstanding Balance
$2,521,338
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,785,411

Purchase Details

Closed on
Feb 16, 2007
Sold by
Coyne Kevin and Coyne Susan
Bought by
Arburua Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,350,000
Interest Rate
6%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 11, 2003
Bought by
Prentice E Miles E and Prentice Katharine
Source: Public Records

Range of Values:

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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
Prentice E Miles $4,650,000 Pinellas Park Title Company
Arburua Martin $5,800,000 None Available
Prentice E Miles E $1,400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prentice E Miles $3,490,000
Previous Owner Arburua Martin $4,350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2014 05/23/14 Sold $4,650,000 -8.8% $1,701 / Sq Ft
05/06/2014 05/06/14 Pending -- -- --
02/10/2014 02/10/14 For Sale $5,100,000 -- $1,865 / 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 $33,107 $4,063,192 -- --
2023 $33,107 $3,944,847 $0 $0
2022 $31,715 $3,829,949 $0 $0
2021 $32,634 $3,718,398 $0 $0
2020 $32,097 $3,667,060 $2,621,311 $1,045,749
2019 $32,490 $3,678,821 $2,621,311 $1,057,510
2018 $33,377 $3,699,517 $2,827,960 $871,557
2017 $33,143 $3,609,235 $0 $0
2016 $39,200 $4,033,221 $0 $0
2015 $41,349 $4,103,866 $0 $0
2014 $27,477 $2,644,558 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Rick Lively

    Coldwell Banker Schmitt R.E.

  • 3

    Buyer's Agent in 2014

    368903 368903

    10162 00

  • R

    Buyer's Agent in 2014

    Robert Cardenas

    Ocean Sotheby's International Realty

  • B

    Buyer's Agent in 2014

    Bob Cardenas

    Ocean Sotheby's International

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 119209

Florida Keys Board of REALTORS®

APN: 00000200-000503

Florida Monroe County Key West 33040

3 Sunset Key Dr, Key West, FL

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