NOT LISTED FOR SALE

31 N Bounty Ln Key Largo, FL 33037

Estimated Value: $4,352,000 - $5,527,000

4 Beds
4.5 Baths
5,038 Sq Ft
$958/Sq Ft Est. Value

Last Sold September 01, 2021

Last sale price $3,600,000 $715 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $28,468/month

239 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Boat Lift
  • Concrete Pool
  • Coral Shores High School Rated A
  • Sandy Beach
  • 1-minute walk to Schwingggg

About This Home

As of September 2021

Upon walking through the artist-designed custom copper front door it's obvious that the finishes and features of this property were done to a gold standard. The timeless and classic travertine marble floors throughout give the home's modern architecture a luxurious feel. The breathtaking views center on the coveted Florida Bay, and sweep 180 degrees to Key West. Setting a new benchmark for luxury in bayfront real estate, 31 North Bounty Lane showcases meticulous craftsmanship. The Neff-designed kitchen, while sophisticated and functional, is equipped with high-end Thermador appliances including an induction glass cooktop, double refrigerator, wine chiller, and double oven. Other features include a glass tile backsplash, exquisite green pebble granite, and a walk-in pantry.

Last Agent to Sell the Property

TEAM Walters Gloria, Rachel and Michae

Ocean Sotheby's International Realty License #662034_1 Listed on: 11/12/2020

Last Buyer's Agent

TEAM Walters Gloria, Rachel and Michae

Ocean Sotheby's International Realty License #662034_1 Listed on: 11/12/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,370

Year Built

  • Built in 1998 | Remodeled

Lot Details

  • 0.26 Acre Lot
  • Property fronts gulf or ocean
  • Property Fronts a Bay or Harbor
  • Sandy Beach
  • Fenced
  • Property is zoned IS - Improved Subivision District

Home Design

  • Concrete Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 5,038 Sq Ft Home
  • Cathedral Ceiling
  • Single Hung Windows
  • Blinds
  • Entrance Foyer
  • Storage
  • Utility Room
  • Gulf Views

Kitchen

  • Oven
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Quartz Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Marble
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Complete Accordion Shutters
  • Impact Glass
  • Fire and Smoke Detector

Parking

  • Garage
  • Guest Parking
  • Open Parking
  • RV or Boat Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Spa

Outdoor Features

  • Boat Lift
  • Dock made with Composite Material
  • Balcony
  • Patio
  • Exterior Lighting
  • Shed
  • Rain Gutters

Utilities

  • Central Air
  • Public Hookup Available For Sewer
  • Community Sewer or Septic
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Buccaneer Point Subdivision
  • Rental Restrictions
  • RV Parking in Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,370

Year Built

Built in 1998 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 4
  • Dockage Dock: Composite
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Key Largo
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 98.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Other Area Features
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 17370.20
  • Title: Title Ins - Buyer
  • Vehicle Storage: Covered Parking, Open Parking, RV Parking Open, RV Parking Covered, Guest Parking, Garage
  • Year Built: 1998
  • Alternate Key Number: 1613754
  • Cooling Heating: Central Air, Heat
  • Lot Sq Ft: 11511.00
  • Pool Info: Concrete, In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Patio
  • Shutters: Accordion
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: No
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 5038.00
  • Pool Info Other: Beach walk in entry
  • Pool Info Other Surroundings: Cave waterfall
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Quartz Countertops, Whirlpool Bath Tub, Walk-in Closet(s), Storage, Split Bedroom, Smoke Alarms, Drapes/Blinds Incl, Entrance Foyer, Cathedral Ceilings
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Appliances: Dishwasher, Washer, Wine Cooler, Stainless Steel Appliance(s), Refrigerator, Microwave, Oven, Freezer, Dryer, Disposal
  • Floor: Marble, Tile
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room, Utility Room
  • Windows/Doors: Impact Rstnce Doors, Single Hung Windows, Impact Rstnce Window
  • Total Bedrooms: 4
  • Sq Ft Remarks: Wide open space in Great room 2nd level huge guest ensuite and walk in closets in every bedroom

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Bay Front, Open Water, Gulf Front
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Fencing, Storage, Sandy Beach, Shed, Rain Gutters, Hot Tub, Lighting
  • Roof: Concrete Roof
  • Waterview: Bay/Gulf View, Open Water View
  • Pool: Yes

Utilities

  • Security: No Security
  • Utilities: Buyer to Verify, Municipal Sewer, FKAA, Community Swr Plant, Cable Available

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.26

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2022
Sold by
Hammon and Amber
Bought by
31 Bounty Dreams Llc
Current Estimated Value
$4,754,102

Purchase Details

Listed on
Nov 12, 2020
Closed on
Sep 1, 2021
Sold by
Newitt Frank and Newitt Joanna
Bought by
Hammon Matthew and Hammon Amber
Seller's Agent
TEAM Walters Gloria, Rachel and Michae
Ocean Sotheby's International Realty
Buyer's Agent
TEAM Walters Gloria, Rachel and Michae
Ocean Sotheby's International Realty
List Price
$3,649,000
Sold Price
$3,600,000
Premium/Discount to List
-$49,000
-1.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.74%

Purchase Details

Closed on
Apr 10, 2018
Sold by
Newitt and Joanna
Bought by
Newitt Jack W and Newitt Henry R

Purchase Details

Closed on
May 24, 2007
Sold by
Beers Jonathan
Bought by
Newitt Frank and Newitt Joanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,802,500
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2007
Sold by
Kennedy Monte
Bought by
Beers Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,802,500
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2003
Sold by
Elsner Lutz and Elsner Diane
Bought by
Kennedy Monte

Home Financials for this Owner

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

Purchase Details

Closed on
Nov 19, 1998
Bought by
Newitt Frank and Newitt Joanna

Purchase Details

Closed on
Aug 1, 1979
Bought by
Newitt Frank and Newitt Joanna
Source: Public Records

Range of Values:

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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
31 Bounty Dreams Llc -- --
Hammon Matthew $3,600,000 Attorney
Newitt Jack W $100 None Listed On Document
Newitt Jack W $100 None Listed On Document
Newitt Frank $2,975,000 Atlantic Title Insurance Co
Beers Jonathan $2,575,000 Attorney
Kennedy Monte $2,200,000 --
Newitt Frank $825,000 --
Newitt Frank $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beers Jonathan $1,802,500
Previous Owner Kennedy Monte $790,000
Previous Owner Kennedy Monte $790,000
Previous Owner Kennedy Monte $1,000,000
Closed Kennedy Monte $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2021 09/01/21 Sold $3,600,000 -1.3% $715 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
11/12/2020 11/12/20 For Sale $3,649,000 -- $724 / 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 $29,263 $3,958,399 $1,984,266 $1,974,133
2023 $29,263 $3,629,135 $1,761,183 $1,867,952
2022 $25,705 $3,300,493 $1,408,946 $1,891,547
2021 $16,904 $2,032,470 $868,850 $1,163,620
2020 $17,032 $2,035,000 $857,109 $1,177,891
2019 $17,370 $2,073,770 $874,721 $1,199,049
2018 $17,429 $2,039,315 $874,721 $1,164,594
2017 $17,397 $2,060,501 $0 $0
2016 $16,379 $1,859,137 $0 $0
2015 $15,109 $1,673,439 $0 $0
2014 $14,190 $1,526,414 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    TEAM Walters Gloria, Rachel and Michae

    Ocean Sotheby's International Realty

    (305) 712-8888

    53 in this area

    78 Total Sales

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 593198

Florida Keys Board of REALTORS®

APN: 00496131-014500

Florida Monroe County Key Largo 33037

31 N Bounty Ln, Key Largo, FL

This home is located at 31 N Bounty Ln, Key Largo, FL 33037 since 12 November 2020 and is currently estimated at $4,825,272, approximately $957 per square foot. This property was built in 1998. 31 N Bounty Ln is a home located in Monroe County with nearby schools including Key Largo School, Coral Shores High School, and Dolphin Montessori Children's House.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Keys Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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