NOT LISTED FOR SALE

40 Sunset Key Dr Key West, FL 33040

Estimated Value: $1,436,000 - $2,031,000

0.12 Acre
$13,997,017 Price per Acre
5,184 Sq Ft Lot

Last Sold June 24, 2024

Last sale price $1,500,000 $290 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $9,550/month

153 Days on Market

About This Lot

As of June 2024

CURRENTLY A VACANT LOT, Sunset Key is ROGO exempt, so permits can be pulled with no waiting. The renderings are a design already approved by the Homeowner Association Architectural Control Committee. Sunset Key is a remarkable community on an island nestled in Key West Harbor. It is only a three minute boat ride from Historic Downtown Key West on the Sunset Key ferry that runs 24 hours a day. Private beaches, tennis courts, a gourmet restaurant and much more await you. Vacant lot shown in photo, other following photos show a rendering.

Last Agent to Sell the Property

Bob Cardenas

Robert H Cardenas Jr., PA License #3406183 Listed on: 12/31/2023

Robert H Cardenas Jr., PA

Co-Listed By

Everett Smith

Ocean Sotheby's International Realty License #670558

Last Buyer's Agent

Robert Cardenas

Ocean Sotheby's International Realty

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots and Land
  • As Is Right To Inspect: Yes
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Sunset Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Tennis Courts, Beach, Other Area Features, Fire Hydrant, Community Dockage
  • Property Group I D: 19990816212131825981000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 11678.79
  • Title: Negotiable
  • Alternate Key Number: 9085898
  • Lot Sq Ft: 5167.00
  • First Right of Refusal: No
  • Association Fee: 6994.38
  • Association Maintenance Fee Per: Quarterly
  • Mandatory HOA: Yes
  • Miscellaneous Info Mobile Home Lot: No
  • Tax Exemptions: Homestead
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Dockage: Dock Privileges, First Come Dock
  • Waterfront: None
  • Waterfront: No
  • Waterview: Open Water View, Ocean View

Utilities

  • Security: Patrolled Area, Other

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00000200-000538
  • Land Size: Less Than 1/4 Acre
  • Building Permit: No Permit

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 31, 2023
Closed on
Jun 24, 2024
Sold by
Sunset Key West Holdings Llc
Bought by
40 Sunset Key Drive Llc
Seller's Agent
Bob Cardenas
Robert H Cardenas Jr., PA
Buyer's Agent
Robert Cardenas
Ocean Sotheby's International Realty
List Price
$1,595,000
Sold Price
$1,500,000
Premium/Discount to List
-$95,000
-5.96%
Views
138
Current Estimated Value
$1,665,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,645
Avg. Annual Appreciation
6.81%

Purchase Details

Closed on
Apr 28, 2015
Sold by
Mccullough Francis H and Mccullough Kathy L
Bought by
Sunset Key West Holdings Llc

Purchase Details

Closed on
Jun 16, 2006
Sold by
Parcel K Island Development Corp
Bought by
Mccullough Francis H and Mccullough Kathy L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
40 Sunset Key Drive Llc $1,500,000 None Listed On Document
Sunset Key West Holdings Llc $1,100,000 None Available
Mccullough Francis H $1,400,000 Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2024 06/24/24 Sold $1,500,000 -6.0% $290 / Sq Ft
06/01/2024 06/01/24 Pending -- -- --
12/31/2023 12/31/23 For Sale $1,595,000 -- $309 / 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
2025 $10,813 $1,226,685 $1,226,685 --
2024 $11,679 $1,313,141 $1,313,141 --
2023 $11,679 $1,564,994 $1,564,994 $0
2022 $10,427 $1,397,092 $1,397,092 $0
2021 $9,617 $1,127,698 $1,127,698 $0
2020 $8,580 $982,350 $982,350 $0
2019 $8,659 $982,350 $982,350 $0
2018 $8,433 $935,989 $935,989 $0
2017 $8,586 $935,989 $0 $0
2016 $9,112 $937,726 $0 $0
2015 $9,690 $971,620 $0 $0
2014 $9,421 $906,343 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bob Cardenas

    Seller's Agent in 2024

    Bob Cardenas

    Robert H Cardenas Jr., PA

    (305) 304-8292

    99 Total Sales

    Bob Cardenas
    Section Image
  • Everett Smith

    Seller Co-Listing Agent in 2024

    Everett Smith

    Ocean Sotheby's International Realty

    (305) 304-2651

    19 Total Sales

    Everett Smith
    Section Image

  • R

    Buyer's Agent in 2024

    Robert Cardenas

    Ocean Sotheby's International Realty

See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 607999

Key West Association of REALTORS®

APN: 00000200-000538

Florida Monroe County Key West 33040

40 Sunset Key Dr, Key West, FL

Not Listed for Sale

Lots

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