$788,000 - $1,091,000
RENTED MAY 1, 2025

37 Palm Dr Key West, FL 33040

3 Beds
3 Baths
1,380 Sq Ft
$651 Price per Sq Ft

Last Sold June 08, 2020

Last sale price $465,000 $337 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $5,196/month

About This Home

As of May 2025

Turnkey Waterfront Living in Saddlebunch Key - $5,900/monthThis fully furnished 3 bed, 3 bath canal-front home offers the ultimate Keys lifestyle just behind Baby's Coffee. Enjoy quick access to open water with your own boat lift, perfect for fishing or sunset cruising. Spacious open-concept living, updated kitchen, and outdoor entertaining areas make this a perfect getaway or full-time residence. Just minutes from Key West but worlds away--come live the island dream!Available May 1st

Last Agent to Rent the Property

Dan Serban

Key West Luxury Real Estate Inc (KW) License #3313073 Listed on: 04/12/2025

Last Renter's Agent

Dan Serban

Key West Luxury Real Estate Inc (KW) License #3313073 Listed on: 04/12/2025

Property Details

Property Type

Other

Est. Annual Taxes

$5,167

Year Built

2014

Lot Details

0

Rental Info

  • Furnishings: Furnished
  • Last Month's Rent: 5900.00
  • Lease Type: 6 + Months
  • Monthly Rent: 5900.00
  • Security Deposit: 5000.00

Listing Details

  • Property Type: Rental
  • Property Type 2: Single Family
  • Control Depth: 3
  • Dockage Dock: Wood
  • Key Island: Saddlebunch
  • Marathon Neighborhood: N/A
  • Mile Marker: 14.00
  • M L S Identifier: 20060123165453488875000000
  • Property Group I D: 20010809200717574625000000
  • State Province: FL
  • Vehicle Storage: Carport, Covered Parking, Guest Parking, Assigned Parking
  • Year Built: 2014
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • License Info Number Of County License: 1
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1380.00
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Windows/Doors: Aluminum Windows, Impact Rstnce Doors, Impact Rstnce Window
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Yes
  • View: Ocean View - Partial, Canal
  • Pool: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2020
Closed on
Jun 8, 2020
Sold by
Sanders Henry Richard and Henry Richard Sanders Jr Trust
Bought by
Mcmahon James Fitzpatrick
Seller's Agent
Jimmy Lane
Island Life Realty Experts
Buyer's Agent
Thomas Mack
SBX Real Estate, LLC (KW)
List Price
$519,000
Sold Price
$465,000
Premium/Discount to List
-$54,000
-10.4%
Current Estimated Value
$898,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$433,697
Avg. Annual Appreciation
13.63%
Original Mortgage
$475,695
Interest Rate
3.2%

Purchase Details

Closed on
Oct 14, 2017
Sold by
Sanders Henry Richard
Bought by
Sander Henry Richard and Henry Richard Sanders Jr Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2015
Sold by
Sanders Henry Richard
Bought by
Sanders Henry Richard

Purchase Details

Listed on
Apr 10, 2014
Closed on
Oct 2, 2014
Sold by
Southernmost Homes Inc
Bought by
Snaders Henry R
Seller's Agent
Gary Smith
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Gary Smith
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$425,000
Sold Price
$424,000
Premium/Discount to List
-$1,000
-0.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.27%
Original Mortgage
$229,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2014
Sold by
Pabian Outdoor Southeast Inc
Bought by
Southernmost Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
12%
Mortgage Type
Balloon

Purchase Details

Listed on
Mar 5, 2013
Closed on
Oct 7, 2013
Sold by
Williams Leyshon J
Bought by
Pabian Outdoor Southeast Inc and Southernmost Homes Inc
Seller's Agent
Jimmy Lane
Island Life Realty Experts
Buyer's Agent
Jimmy Lane
Prudential Knight Keyside Pro
List Price
$125,000
Sold Price
$107,500
Premium/Discount to List
-$17,500
-14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.58%
Original Mortgage
$100,000
Interest Rate
12%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 29, 2007
Sold by
Bowen Eryc Shawn
Bought by
Williams Leyshon John

Purchase Details

Closed on
Apr 29, 2005
Sold by
Bowen Penny Susan
Bought by
Bowen Eryc Shawn

Purchase Details

Closed on
Apr 21, 2005
Sold by
Oatley Paula Jean
Bought by
Bowen Penny Susan

Purchase Details

Closed on
Feb 1, 1980
Bought by
Sanders Henry R
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
Mcmahon James Fitzpatrick $465,000 Absolute First Title Llc
Sander Henry Richard -- Title Source Inc
Sander Henry Richard -- Title Source Inc
Sanders Henry Richard -- Attorney
Snaders Henry R $424,000 None Available
Southernmost Homes Inc $50,000 None Available
Pabian Outdoor Southeast Inc $107,500 None Available
Williams Leyshon John $175,000 None Available
Bowen Eryc Shawn -- --
Bowen Penny Susan -- --
Sanders Henry R $2,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcmahon James Fitzpatrick $475,695
Previous Owner Sander Henry Richard $284,000
Previous Owner Snaders Henry R $229,000
Previous Owner Southernmost Homes Inc $40,000
Previous Owner Pabian Outdoor Southeast Inc $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2025 05/01/25 Rented $5,900 0.0% --
05/01/2025 05/01/25 Under Contract -- -- --
04/12/2025 04/12/25 For Rent $5,900 +7.3% --
10/23/2023 10/23/23 Rented $5,500 -6.8% --
09/14/2023 09/14/23 For Rent $5,900 +7.3% --
11/04/2022 11/04/22 Rented $5,500 0.0% --
10/25/2022 10/25/22 For Rent $5,500 0.0% --
06/08/2020 06/08/20 Sold $465,000 -6.8% $337 / Sq Ft
04/06/2020 04/06/20 Price Changed $499,000 -3.9% $362 / Sq Ft
02/24/2020 02/24/20 For Sale $519,000 +22.4% $376 / Sq Ft
10/02/2014 10/02/14 Sold $424,000 -0.2% $304 / Sq Ft
10/01/2014 10/01/14 Pending -- -- --
04/10/2014 04/10/14 For Sale $425,000 +295.3% $305 / Sq Ft
10/07/2013 10/07/13 Sold $107,500 -14.0% $78 / Sq Ft
09/19/2013 09/19/13 Pending -- -- --
03/05/2013 03/05/13 For Sale $125,000 -- $91 / 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 $5,167 $641,795 $296,940 $344,855
2023 $5,167 $617,244 $291,638 $325,606
2022 $4,572 $495,847 $166,366 $329,481
2021 $4,299 $403,712 $117,318 $286,394
2020 $4,625 $435,407 $116,655 $318,752
2019 $4,472 $417,389 $117,981 $299,408
2018 $4,581 $417,478 $172,994 $244,484
2017 $4,224 $383,950 $0 $0
2016 $4,071 $367,425 $0 $0
2015 $3,833 $319,139 $0 $0
2014 $1,578 $91,794 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dan Serban

    Landlord's Agent in 2025

    Dan Serban

    Key West Luxury Real Estate Inc (KW)

    (305) 797-2352

    112 Total Sales

    Dan Serban
    Section Image
  • Darrin Smith

    Seller's Agent in 2023

    Darrin Smith

    Key West Luxury Real Estate Inc (KW)

    (305) 849-8683

    80 Total Sales

    Darrin Smith
    Section Image

  • L

    Buyer's Agent in 2022

    Loren Rea

    Truman & Co. (KW)

    (305) 360-6969

    22 Total Sales

    Loren Rea
    Section Image
  • Jimmy Lane

    Seller's Agent in 2020

    Jimmy Lane

    Island Life Realty Experts

    (305) 619-0029

    146 Total Sales

    Jimmy Lane
    Section Image

  • T

    Buyer's Agent in 2020

    Thomas Mack

    SBX Real Estate, LLC (KW)

  • T

    Buyer's Agent in 2020

    Tommy Mack

    Buy The Keys (KW)

See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 614611

Key West Association of REALTORS®

APN: 00161750-000000

Florida Monroe County Key West 33040

37 Palm Dr, Key West, FL

This home is located at 37 Palm Dr, Key West, FL 33040 since 12 April 2025 and is currently priced at $898,697. This property was built in 2014. 37 Palm Dr is a home located in Monroe County with nearby schools including Sugarloaf School and Key West High School.

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