NOT LISTED FOR SALE

340 E Ocean Dr Key Colony Beach, FL 33051

Estimated Value: $1,169,226 - $1,887,000

5 Beds
3 Baths
2,134 Sq Ft
$721/Sq Ft Est. Value

Last Sold March 23, 2021

Last sale price $845,000 $396 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $9,313/month

46 Days on Market

Highlights

  • Airstrip
  • Beach
  • Home fronts a canal
  • Coral Shores High School Rated A
  • Tennis Courts
  • Cathedral Ceiling

About This Home

As of March 2021

FULL Duplex=Great Investment! Live in one, Rent the other. 350 (east side) w/split floorplan has 3 bedrooms, 2 full baths & soaring ceilings in open living areas providing expansive canal views. Great, covered deck for outdoor entertaining. Anglers & Boater will love 50 ft dock & located just 5 mins to the open ocean, 10 mins to open gulf. #340 (west side) has 2 bedrooms, 1 bath, open living-dining-kitchen and private deck. Huge storage under entire house & lots of parking. Walk across street to Cabana Club & Havana Jack's! Walk or bike entire city to marina, golf, tennis, pickle ball, basketball, playgrounds, horse shoes, bocce ball, post office, police & bldg depts & Sunset Park. Yes, you can have all of this as your retirement home, residence or vacation rental in paradise.

Last Agent to Sell the Property

Karen Raspe, PA

Ocean Sotheby's International License #3226605 Listed on: 11/12/2020

Ocean Sotheby's International

Co-Listed By

Walter Ceballos, P.A.

Berkshire Hathaway Home Services Keys Real Estate - Big Pine Key License #BK3362857

Last Buyer's Agent

Monica Barrett

Coldwell Banker Schmitt Real Estate Co. License #SL3345718

Coldwell Banker Schmitt Real Estate Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,172

Year Built

  • Built in 1986 | Remodeled

Lot Details

  • 5,859 Sq Ft Lot
  • Home fronts a canal

Home Design

  • Duplex
  • Fixer Upper
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,134 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Shutters
  • Single Hung Windows
  • Blinds
  • French Doors
  • Sliding Doors
  • Storage
  • Canal Views

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Monitored
  • Fire and Smoke Detector

Parking

  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Airstrip
  • Seawall
  • Tennis Courts
  • Balcony
  • Patio

Utilities

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

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00073110-000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Key Colony Beach Subdivision

Recreation

  • Beach
  • Tennis Courts
  • Bike Trail

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,172

Year Built

Built in 1986 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 5
  • Dockage Dock Length: 50
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Key Colony
  • Limited Representation: No
  • Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
  • Mile Marker: 53.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Tennis Courts, Airstrip, Bike Paths, Beach, Fire Hydrant
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 6172.11
  • Title: Title Ins - Buyer
  • Vehicle Storage: Open Parking, Off Street Parking
  • Year Built: 1986
  • Alternate Key Number: 1077186
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 5859.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • Shutters: Bahama, Other
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 2134.00
  • Pre Wired: Cable
  • Property Condition: Fixer Upper, Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Smoke Alarms, Storage, Cathedral Ceilings
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Microwave, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Combo, Carpet
  • Windows/Doors: Single Hung Windows, Sliding Glass Doors, French Doors
  • Total Bedrooms: 5

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Frame
  • Roof: Shingle Roof
  • Waterview: Canal View
  • Pool: No

Utilities

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

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00073110-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.13

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2020

Multi Family

  • Total Units: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2020
Closed on
Mar 19, 2021
Sold by
Sea Edge Properties Llc
Bought by
Bischoff Guillermo and Bischoff Ursula
Seller's Agent
Karen Raspe, PA
Ocean Sotheby's International
Buyer's Agent
Monica Barrett
Coldwell Banker Schmitt Real Estate Co.
List Price
$945,000
Sold Price
$845,000
Premium/Discount to List
-$100,000
-10.58%
Current Estimated Value
$1,538,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$693,557
Avg. Annual Appreciation
14.49%
Original Mortgage
$633,750
Outstanding Balance
$570,966
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$967,591

Purchase Details

Closed on
Jun 7, 2011
Sold by
Missant Jon E
Bought by
Sea Edge Properties Llc

Purchase Details

Closed on
Apr 16, 2009
Sold by
Sea Edge Properties Llc
Bought by
Missant Jon E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$414,443
Interest Rate
4.89%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 21, 2005
Sold by
Mackenzie Kenneth J and Mackenzie Michele A
Bought by
Sea Edge Properties Llc

Purchase Details

Closed on
Sep 5, 2002
Sold by
William G Heller M and Etta J Heller M
Bought by
Mackenzie Kenneth J and Mackenzie Michele

Purchase Details

Closed on
Aug 1, 2001
Sold by
Dan C Williams M and Cassandra T Williams M
Bought by
Heller William G and Heller Etta J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
7.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 1999
Bought by
Sea Edge Properties Llc

Purchase Details

Closed on
Oct 1, 1988
Bought by
Sea Edge Properties Llc

Purchase Details

Closed on
Jun 1, 1986
Bought by
Sea Edge Properties Llc
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
Bischoff Guillermo $845,000 Attorney
Sea Edge Properties Llc -- Attorney
Missant Jon E -- Attorney
Sea Edge Properties Llc $1,100,000 --
Mackenzie Kenneth J $610,000 --
Heller William G $510,000 --
Sea Edge Properties Llc $365,000 --
Sea Edge Properties Llc $295,000 --
Sea Edge Properties Llc $37,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bischoff Guillermo $633,750
Previous Owner Missant Jon $414,443
Previous Owner Sea Edge Properties Llc $600,000
Previous Owner Heller William G $650,000
Previous Owner Heller William G $408,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2021 03/23/21 Sold $845,000 -10.6% $396 / Sq Ft
11/12/2020 11/12/20 For Sale $945,000 -- $443 / Sq Ft
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 $11,165 $1,215,360 $720,174 $495,186
2023 $11,165 $1,266,015 $752,764 $513,251
2022 $9,348 $872,491 $445,987 $426,504
2021 $6,723 $577,087 $232,895 $344,192
2020 $6,429 $572,129 $221,910 $350,219
2019 $5,911 $515,256 $223,316 $291,940
2018 $6,146 $603,086 $294,122 $308,964
2017 $5,580 $559,163 $0 $0
2016 $5,560 $570,906 $0 $0
2015 $4,940 $467,783 $0 $0
2014 $4,767 $452,802 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Karen Raspe, PA

    Seller's Agent in 2021

    Karen Raspe, PA

    Ocean Sotheby's International

    (305) 393-9010

    224 Total Sales

    Karen Raspe, PA
    Section Image

  • W

    Seller Co-Listing Agent in 2021

    Walter Ceballos, P.A.

    Berkshire Hathaway Home Services Keys Real Estate - Big Pine Key

    (305) 562-0819

    56 Total Sales

    Walter Ceballos, P.A.
    Section Image

  • M

    Buyer's Agent in 2021

    Monica Barrett

    Coldwell Banker Schmitt Real Estate Co.

    (305) 289-6554

    231 Total Sales

    Monica Barrett
    Section Image
  • Rick Servais

    Buyer Co-Listing Agent in 2021

    Rick Servais

    Coldwell Banker Schmitt Real Estate Co.

    (305) 433-0349

    217 Total Sales

    Rick Servais
    Section Image
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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 593333

APN: 00073110-000000

Florida Monroe County Key Colony Beach 33051

340 E Ocean Dr, Key Colony Beach, FL

This home is located at 340 E Ocean Dr, Key Colony Beach, FL 33051 since 12 November 2020 and is currently estimated at $1,538,557, approximately $720 per square foot. This property was built in 1986. 340 E Ocean Dr is a home located in Monroe County with nearby schools including Stanley Switlik Elementary School, Marathon Middle High School, and Coral Shores High School.

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