NOT LISTED FOR SALE

3222 Riviera Dr Key West, FL 33040

New Town Neighborhood

Estimated Value: $2,650,000 - $3,141,000

3 Beds
3 Baths
3,159 Sq Ft
$915/Sq Ft Est. Value

Last Sold September 08, 2021

Last sale price $2,500,000 $791 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $16,658/month

11 Days on Market

About This Home

As of September 2021

A fabulous opportunity to own a 3,159 sq ft waterfront estate with 3 bedrooms and 2.5 baths located on a 8,020 sq ft lot. Situated on a wide, clean canal with 61' of finished cool stone concrete dockage, large pool and an unobstructed tropical view of a protected nature habitat directly across the canal. A Chef's dream kitchen lined with wide Italian Calacatta Borghini marble counters, top end stainless steel appliances - Wolf 6 burner gas stove & double oven. Built in food warmer drawer, tall double door Subzero refrigerator/freezer and newly installed Marvel ice maker. This kitchen also features a dish washer and convenient built in Miele coffee maker. Large laundry closet with new LG front loading washer & dryer. Bright natural light filters in through the large kitchen skylight. Spacious flowing open floor plan with pool, patio & dock side views of the nature reserve - all seen through a 40' run of double French glass doors lining the rear wall of the house with high ceilings & polished Travertine floors throughout. Quality custom built closets finish off each room, all with over sized louver closet doors.The entire 2nd floor is your private primary suite that overlooks the water way from the canopy covered 16 ft. wide porch. Also includes an oversized tiled shower, separate powder room and a large walk-in closet. This is in addition to the large bedroom closet.Two large bedrooms located downstairs at front wing of the house create private guest quarters with a bricked lined landscaped patio area and herb garden. This wing would also work comfortably as a one or two room home office arrangement or a perfect mother-in-law suite.A rare opportunity to own a waterfront Key West estate.

Last Agent to Sell the Property

Raymond Capas

Berkshire Hathaway HomeServices Knight & Gardner Realty License #171355 Listed on: 08/20/2021

Berkshire Hathaway HomeServices Knight & Gardner Realty

Co-Listed By

Brenda Donnelly

Brenda Donnelly Real Estate LLC License #3037635

Last Buyer's Agent

AJ Vetter

Palm House Real Estate License #3296730

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,445

Year Built

1974

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
  • Dockage Dock: Concrete
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: New Town
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 3.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 9257.49
  • Title: Negotiable
  • Vehicle Storage: Carport, Covered Parking
  • Year Built: 1974
  • Alternate Key Number: 1073334
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 8020.00
  • Pool Info: In Ground, Concrete
  • Porch Balcony: Open Porch/Balcony, Patio
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 3159.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Appliances: More Appliances, Ice Machine, Gas Appliances, Freezer, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Fixed Bridge
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS, Stucco, Concrete
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Elect Separate Meter, Propane, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00069440-000000
  • Lot Size: 61' x 130'
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.18

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2021
Closed on
Sep 8, 2021
Sold by
Favelli Thomas and Favelli Georgeann Marion
Bought by
King William Hanna Bradbury and King Sheryl Mcphaill
Seller's Agent
Raymond Capas
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
AJ Vetter
Palm House Real Estate
List Price
$2,600,000
Sold Price
$2,500,000
Premium/Discount to List
-$100,000
-3.85%
Current Estimated Value
$2,889,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$389,011
Avg. Annual Appreciation
3.56%

Purchase Details

Closed on
Jun 21, 2021
Sold by
Lawney Management Company
Bought by
Favelli Thomas and Favelli Georgeann Marion

Purchase Details

Listed on
May 22, 2019
Closed on
Jun 12, 2019
Sold by
Wilmington Trust Company
Bought by
Lawney Management Company
Seller's Agent
Barbara Crespo
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Elizabeth Eliot
Preferred Properties (KW)
List Price
$1,190,000
Sold Price
$1,225,000
Premium/Discount to List
$35,000
2.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.44%
Original Mortgage
$850,000
Interest Rate
4.1%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
May 22, 2019
Closed on
Apr 19, 2019
Sold by
Didato Theresa Cioffi and Dadato Theresa Coffi
Bought by
Wilmington Trust Company
Seller's Agent
Barbara Crespo
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Elizabeth Eliot
Preferred Properties (KW)
List Price
$1,190,000
Sold Price
$1,225,000
Premium/Discount to List
$35,000
2.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
4.1%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 19, 2002
Sold by
Archilla Francisco
Bought by
Didato Thomas and Didato Theresa Cioffi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 1, 1985
Bought by
Didato Theresa Cioffi

Purchase Details

Closed on
Feb 1, 1977
Bought by
Didato Theresa Cioffi
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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
King William Hanna Bradbury $2,500,000 Coral Reef Title Company
King 2010 Descendants Trust -- Coral Reef Title
Favelli Thomas $1,200,000 Attorney
Lawney Management Company $1,225,000 Bay National Title Company
Wilmington Trust Company $800,100 None Available
Didato Thomas $875,000 --
Didato Theresa Cioffi $149,500 --
Didato Theresa Cioffi $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lawney Management Company $850,000
Previous Owner Didato Thomas $630,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/08/2021 09/08/21 Sold $2,500,000 -3.8% $791 / Sq Ft
08/31/2021 08/31/21 Pending -- -- --
08/20/2021 08/20/21 For Sale $2,600,000 +112.2% $823 / Sq Ft
06/18/2019 06/18/19 Sold $1,225,000 +2.9% $387 / Sq Ft View Prior Sale
06/07/2019 06/07/19 Pending -- -- --
05/22/2019 05/22/19 For Sale $1,190,000 -- $376 / Sq Ft
Source: Key West 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 $18,445 $2,169,385 $1,046,610 $1,122,775
2023 $18,445 $2,172,366 $1,135,031 $1,037,335
2022 $16,489 $1,943,828 $895,032 $1,048,796
2021 $10,353 $1,167,765 $559,395 $608,370
2020 $9,257 $1,011,649 $396,990 $614,659
2019 $8,075 $868,624 $396,990 $471,634
2018 $8,214 $866,104 $384,359 $481,745
2017 $9,227 $961,155 $0 $0
2016 $9,307 $918,469 $0 $0
2015 $8,711 $831,278 $0 $0
2014 $8,639 $768,696 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Raymond Capas

    Seller's Agent in 2021

    Raymond Capas

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (305) 587-3483

    2 in this area

    15 Total Sales

    Raymond Capas
    Section Image
  • Brenda Donnelly

    Seller Co-Listing Agent in 2021

    Brenda Donnelly

    Brenda Donnelly Real Estate LLC

    (305) 304-1116

    22 in this area

    168 Total Sales

    Brenda Donnelly
    Section Image
  • AJ Vetter

    Buyer's Agent in 2021

    AJ Vetter

    Palm House Real Estate

    (305) 304-8841

    2 in this area

    126 Total Sales

    AJ Vetter
    Section Image

  • B

    Seller's Agent in 2019

    Barbara Crespo

    Coldwell Banker Schmitt Real Estate Co. (KW)

  • E

    Buyer's Agent in 2019

    Elizabeth Eliot

    Preferred Properties (KW)

See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 597408

Key West Association of REALTORS®

APN: 00069440-000000

Florida Monroe County Key West 33040 New Town

3222 Riviera Dr, Key West, FL

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.

Key West Association 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.

Nearby Homes