NOT LISTED FOR SALE

Estimated Value: $2,493,000 - $2,608,000

3 Beds
4 Baths
2,342 Sq Ft
$1,094/Sq Ft Est. Value

Last Sold April 26, 2023

Last sale price $2,555,000 $1,091 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $13,706/month

55 Days on Market

Highlights

  • Airstrip
  • Beach
  • Tennis Courts
  • Coral Shores High School Rated A
  • Dock made with wood
  • New Construction

About This Home

As of April 2023

Dreaming of the Island Life in the Florida Keys with room to accommodate up to an 80' boat and just 3 minutes to open ocean and Gulf? Your dreams can come true here, in this custom built, concrete fortress! Still under construction, with completion and final touches currently underway, this home is not to be missed. For the chef in the family, the massive kitchen is sure to become your new favorite space and the heart of the home. For those less inclined to be in the kitchen, you can unwind at the wet bar with your preferred beverage. Indoor/outdoor entertaining are made easy with two graciously sized (+12 ft) sliders off the living/dining area leading out to the 54' covered terrace. An expansive Main Suite, with designer bath & BIG closet offers peaceful canal views and another oversized slider to the terrace. HUGE lower level can be used as needed: tackle room, game/theater room, storage, garage, etc. Too many options to mention. The custom pool, pool patio, paver driveway and landscaping will complete your island package. Ideally located 1 hour from Key West, 2 hours from Miami and 5 minutes to the airport in Marathon. It is time for you to experience how good island life can be here, in Key Colony Beach, the GEM of the Florida Keys.

Last Agent to Sell the Property

Karen Raspe, PA

Ocean Sotheby's International License #3226605 Listed on: 01/18/2023

Ocean Sotheby's International

Last Buyer's Agent

Stephanie Gordon

Island Home Realty Inc. License #3550738

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,960

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 9,960 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned R-1A - Key Colony Single Family

Home Design

  • Metal Roof

Interior Spaces

  • 2,342 Sq Ft Home
  • Ceiling Fan
  • Sliding Doors
  • Tile Flooring
  • Canal Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

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

Home Security

  • Monitored
  • Impact Glass

Parking

  • 2 Car Garage
  • Guest Parking
  • Off-Street Parking
  • RV or Boat Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool

Outdoor Features

  • Airstrip
  • Seawall
  • Dock made with wood
  • Tennis Courts
  • Balcony
  • Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 00079872-002700

Community Details

Overview

  • No Home Owners Association
  • Coury Sub Subdivision
  • RV Parking in Community

Recreation

  • Beach
  • Tennis Courts
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,960

Year Built

Built in 2023 | New Construction

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: Wood
  • Dockage Dock Length: 35
  • Dockage Seawall: Cut/Natural
  • Fee Includes: None
  • Key Island: Key Colony
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 53.50
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Tennis Courts, Bike Paths, Airstrip, Beach
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 4960.14
  • Vehicle Storage: Garage, RV Parking Open, Trailer Storage, Off Street Parking, Guest Parking
  • Vehicle Storage Cars: 2
  • Year Built: 2023
  • Alternate Key Number: 8733518
  • Building Style Stilt Column Height: Tall - 10Ft & Over
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 9960.00
  • Pool Info: In Ground, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Patio
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 2342.00
  • Property Condition: New Construction
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Pantry, Granite Counter Top, Whirlpool Bath Tub, Walk-in Closet(s)
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Floor: Tile
  • Windows/Doors: Sliding Glass Doors, Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 3

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: Yes

Utilities

  • Security: Patrolled Area
  • Utilities: FKAA, Cable Available, Community Swr Plant

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE
  • Parcel Number: 00079872-002700
  • Lot Size: 80 X 124
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.23

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2023
Closed on
Apr 25, 2023
Sold by
Castro Jose I and Castro Cheryll A
Bought by
Preston Larry Brian and Preston Sharon
Seller's Agent
Karen Raspe, PA
Ocean Sotheby's International
Buyer's Agent
Stephanie Gordon
Island Home Realty Inc.
List Price
$2,800,000
Sold Price
$2,555,000
Premium/Discount to List
-$245,000
-8.75%
Views
43
Current Estimated Value
$2,372,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$182,189
Avg. Annual Appreciation
0.79%
Original Mortgage
$1,912,500
Outstanding Balance
$1,867,191
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$734,167

Purchase Details

Listed on
Aug 4, 2020
Closed on
Sep 30, 2020
Sold by
Doane Timothy J and Doane Janine M
Bought by
Castro Jose I and Castro Cheryll A
Seller's Agent
Karen Raspe, PA
Ocean Sotheby's International
Buyer's Agent
Lisa Karp
LoKation Real Estate
List Price
$699,000
Sold Price
$690,000
Premium/Discount to List
-$9,000
-1.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
66.43%
Original Mortgage
$465,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2014
Sold by
Kristensson Leif and Kristensson Astrid
Bought by
Doane Timothy J and Doane Janine M

Purchase Details

Closed on
Apr 1, 1992
Bought by
Doane Timothy J and Doane Janine M

Purchase Details

Closed on
Dec 1, 1991
Bought by
Doane Timothy J and Doane Janine M
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 Buyer Sale Price Title Company
Preston Larry Brian $2,550,000 None Listed On Document
Castro Jose I $690,000 Law Offices Of Thomas D Wright
Doane Timothy J $320,000 Attorney
Doane Timothy J $139,500 --
Doane Timothy J $69,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Preston Larry Brian $1,912,500
Previous Owner Castro Jose I $465,000
Previous Owner Calef Shirley A $1,070,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2023 04/26/23 Sold $2,555,000 -8.8% $1,091 / Sq Ft
01/18/2023 01/18/23 For Sale $2,800,000 +305.8% $1,196 / Sq Ft
09/30/2020 09/30/20 Sold $690,000 -1.3% --
08/04/2020 08/04/20 For Sale $699,000 -- --
Source: Marathon and Lower Keys 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 $7,221 $2,094,021 $1,243,008 $851,013
2023 $7,221 $1,002,682 $994,406 $8,276
2022 $4,960 $512,956 $504,374 $8,582
2021 $5,792 $573,023 $564,134 $8,889
2020 $4,401 $449,518 $444,614 $4,904
2019 $4,084 $416,053 $411,149 $4,904
2018 $3,712 $396,194 $392,026 $4,168
2017 $3,285 $355,557 $0 $0
2016 $3,360 $353,049 $0 $0
2015 $3,027 $314,200 $0 $0
2014 $1,673 $215,626 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 603880

APN: 00079872-002700