NOT LISTED FOR SALE

306 Cypress St Marathon, FL 33050

Estimated Value: $3,723,000 - $4,844,000

4 Beds
4 Baths
2,768 Sq Ft
$1,493/Sq Ft Est. Value

Sale Details

Date Sold: December 15, 2021

Last sale price $3,475,000 $1,255 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $24,039 / mo

384 Days on Market

Highlights

  • Ocean Front
  • Dock made with concrete
  • Concrete Pool
  • Coral Shores High School Rated A
  • Boat Lift
  • 1-minute walk to Curry Hammock State Park

About This Home

As of December 2021

Approximately 140' of deep water dockage at this Oceanfront 4 BR 4 BA Pool home set on a 30,000 sq. ft lot on prestigious Yacht Club Island, Duck Key. As you enter into the spacious Great Room a wall of glass greets you boasting picture perfect ocean views from every angle. Days are enjoyed lounging by the oceanfront Pool or out on the water where world-class fishing & diving are just minutes away. Lots of room to dock multiple boats at the concrete dock or on one of the two lifts. This is one of the few areas where large inboard boats can be accommodated. Guests will appreciate the private 1 BR Guest Suite downstairs. Plenty of room for all of your gear in the spacious 2-Car attached Garage.

Last Agent to Sell the Property

Lisa Ferringo

Coldwell Banker Schmitt Real Estate Co License #605677 Listed on: 10/15/2020

Coldwell Banker Schmitt Real Estate Co

Co-Listed By

Sam Williams

Coldwell Banker Schmitt Real Estate Co. License #3186658

Last Buyer's Agent

Karen Haack

Coldwell Banker Schmitt RE Co. License #338219

Coldwell Banker Schmitt RE Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,548

Year Built

  • Built in 1971

Lot Details

  • 29,484 Sq Ft Lot
  • Ocean Front
  • Fenced
  • Property is zoned IS - Improved Subivision District

Home Design

  • Metal Roof

Interior Spaces

  • 2,768 Sq Ft Home
  • Wet Bar
  • Ceiling Fan
  • Awning
  • Blinds
  • Sliding Doors
  • Entrance Foyer
  • Storage
  • Tile Flooring
  • Ocean Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Complete Accordion Shutters
  • Impact Glass

Parking

  • 2 Car Garage
  • Open Parking
  • RV or Boat Parking

Pool

  • Concrete Pool
  • In Ground Pool
  • Pool Deck

Outdoor Features

  • Boat Lift
  • Dock made with concrete
  • Balcony
  • Patio
  • Lanai
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00384740-000000

Community Details

Overview

  • No Home Owners Association
  • Yacht Club Island Subdivision
  • Rental Restrictions
  • RV Parking in Community

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,548

Year Built

Built in 1971

Lot Details

0.68 Acres

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Dock: Concrete
  • Fee Includes: None
  • Key Island: Duck Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 61.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Other Area Features, Bike Paths
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 9548.22
  • Title: Negotiable
  • Vehicle Storage: Garage, Trailer Storage, RV Parking Open, Open Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1971
  • Alternate Key Number: 1468428
  • Cooling Heating: Central Air, Heat, Ceiling Fans(s)
  • Lot Sq Ft: 29484.00
  • Pool Info: In Ground, Decked, Concrete
  • Porch Balcony: Open Porch/Balcony, Patio
  • Shutters: Accordion
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2768.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Walk-in Closet(s), Storage, Granite Counter Top, Entrance Foyer, Wet Bar
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Sliding Glass Doors, Impact Rstnce Doors, Awning Windows
  • Total Bedrooms: 4

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Fencing, Storage, Lanai, Lighting
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE,AE,VE
  • Parcel Number: 00384740-000000
  • Land Size: 1/2 - Less Than 1 AC
  • Acres: 0.68

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2020
Closed on
Dec 15, 2021
Sold by
Thompson Michael N and Thompson Susan H
Bought by
Jamrock Leasing Llc
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt Real Estate Co
Buyer's Agent
Karen Haack
Coldwell Banker Schmitt RE Co.
List Price
$3,600,000
Sold Price
$3,475,000
Premium/Discount to List
-$125,000
-3.47%
Current Estimated Value
$4,132,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$657,081
Avg. Annual Appreciation
4.05%
Original Mortgage
$2,875,000
Outstanding Balance
$2,622,404
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$1,509,677

Purchase Details

Closed on
Oct 10, 2003
Sold by
Lindengren Glen R and Lindengren Georgia N
Bought by
Thompson Michael N and Thompson Susan H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
5%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 9, 2001
Bought by
Thompson Michael N and Thompson Susan H

Purchase Details

Closed on
May 1, 1986
Bought by
Thompson Michael N and Thompson Susan H
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Jamrock Leasing Llc $3,375,000 Thomas D Wright Chartered
Thompson Michael N $2,000,000 --
Thompson Michael N $850,000 --
Thompson Michael N $600,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jamrock Leasing Llc $2,875,000
Previous Owner Thompson Michael N $1,600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2021 12/15/21 Sold $3,475,000 -3.5% $1,255 / Sq Ft
11/03/2021 11/03/21 Pending -- -- --
10/05/2021 10/05/21 For Sale $3,600,000 +3.6% $1,301 / Sq Ft
09/30/2021 09/30/21 Off Market $3,475,000 -- --
07/28/2021 07/28/21 Price Changed $3,600,000 -4.0% $1,301 / Sq Ft
06/03/2021 06/03/21 Price Changed $3,750,000 +7.2% $1,355 / Sq Ft
10/15/2020 10/15/20 For Sale $3,499,000 -- $1,264 / Sq Ft
Source: Marathon and Lower Keys Association of REALTORS®

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
2025 $27,385 $3,071,514 -- --
2024 $26,615 $2,984,951 -- --
2023 $26,615 $2,898,011 $0 $0
2022 $25,918 $2,813,603 $1,993,275 $820,328
2021 $9,766 $955,000 $0 $0
2020 $9,722 $941,815 $0 $0
2019 $9,548 $920,641 $0 $0
2018 $9,158 $903,475 $0 $0
2017 $8,885 $884,893 $0 $0
2016 $8,930 $866,693 $0 $0
2015 $9,157 $860,668 $0 $0
2014 $9,460 $853,837 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 592992

APN: 00384740-000000

Your Personal Tour Guide

Ask me questions while you tour the home.