NOT LISTED FOR SALE

408 United St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $3,792,243 - $4,603,000

5 Beds
4 Baths
3,042 Sq Ft
$1,396/Sq Ft Est. Value

Last Sold March 20, 2024

Last sale price $4,000,000 $1,315 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $24,423/month

57 Days on Market

About This Home

As of March 2024

This well-appointed property, listed at an enticing $300,000 below its recent appraised value, presents an exceptional opportunity for savvy buyers. Priced to sell swiftly, the motivated seller invites offers, making this a rare chance to secure a remarkable home at a remarkable price! This 5 bed 3 1/2 bath Trophy Residence, built in 1909 by the Dupont family located in Old Town nestled between world famous Duval St & Whitehead St, mere steps to the beach, Southernmost Point, restaurants. The gourmet kitchen, open dining & living-room all lead out through walls of sliding glass doors onto a huge entertaining area, with an outdoor bar & gorgeous sparkling pool with hot tub that cascades into the pool. As you step inside, you are greeted by an enormous living area with a soaring 23 ft ceiling with huge windows that beam sunlight throughout the day & gives you a sense of tremendous space for the ultimate Key West living & entertaining! The beautiful heated salt pool takes the center stage from the minute you step inside! This home offers impressive indoor & outdoor living. This Trophy residence sits on a premium 5,109 sq ft lot, with abundant exotic tropical landscaping featuring an enormous Silver Bismark Palm towering over the pool & outdoor entertaining area. Fully fenced for privacy & security. Two electric gates allow seamless entry & exit to the highly coveted off street parking. Impact windows & doors, new porcelain tiles downstairs & mahogany wooden floors upstairs. The kitchen has all new s/s appliances including a Commercial grade True double Refrigerator, True Ice Maker, Viking Wine Fridge, Gas stove & Double Oven. A Guest Suite is on the main floor, & a second bed with a half bath ensuite that could be used as an office with access to outdoor shower. On the 2nd floor is a spacious primary suite & a 2 bed 1 bath Guest Suite that can be locked off for complete privacy with exterior access via a spiral staircase. Insurances: Flood $8,000 Wind/Home $23,000.

Last Agent to Sell the Property

Lisa Swanson

The Agency Florida Keys License #BK3226537 Listed on: 01/08/2024

The Agency Florida Keys

Last Buyer's Agent

Lisa Swanson

Coldwell Banker Schmitt Real Estate Co.

Home Details

Home Type

Single Family

Year Built

1909

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 21078.18
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Year Built: 1909
  • Alternate Key Number: 1036960
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 5109.00
  • Pool Info: In Ground, Concrete, Salt Water
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Deck, Patio
  • Shutters: Roll Down Electric
  • Tax Exemptions: None
  • Building Style Above Flood: No
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 3042.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Quartz Countertops, Built-in Cabinets, Walk-in Closet(s), Storage, Smoke Alarms, Security System, Dade County Pine, Entrance Foyer
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Ice Machine, Gas Appliances, Freezer, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Wood
  • Half Bathrooms: 1
  • Windows/Doors: Other Windows/Doors, Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 5

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Bar, Storage, Sprinkler System, Shed, Privacy Wall/Fence, Outdoor Shower, Lighting, Rain Gutters, Fencing
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Security: Electric Gate, On Premises System
  • Utilities: FKAA, Propane, Cable Available, Elect Separate Meter, Municipal Sewer
  • Heating: Central

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE
  • Parcel Number: 00036100-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.12

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2024
Closed on
Mar 20, 2024
Sold by
Tld Properties South Llc
Bought by
Revocable Trust and Neuenhaus
Seller's Agent
Lisa Swanson
The Agency Florida Keys
Buyer's Agent
Lisa Swanson
Coldwell Banker Schmitt Real Estate Co.
List Price
$4,895,000
Sold Price
$4,000,000
Premium/Discount to List
-$895,000
-18.28%
Views
194
Current Estimated Value
$4,245,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$245,561
Avg. Annual Appreciation
3.27%

Purchase Details

Listed on
Nov 24, 2017
Closed on
May 22, 2018
Sold by
Hinkley Family Trust
Bought by
Tld Properties South Llc
Seller's Agent
Lisa Frins
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
Buyer's Agent
Thomas Mack
SBX Real Estate, LLC (KW)
List Price
$2,350,000
Sold Price
$2,150,000
Premium/Discount to List
-$200,000
-8.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.22%

Purchase Details

Listed on
Oct 6, 2015
Closed on
Aug 29, 2016
Sold by
Green Jeffrey B and Green Michele B
Bought by
Hinkley Michael Edward and Hinkley Lisa Eddy
Seller's Agent
Roger Emmons
Truman & Co. (KW)
Buyer's Agent
Lisa Frins
Century 21 Prestige Realty Grp, Tavernier
List Price
$2,595,000
Sold Price
$2,295,000
Premium/Discount to List
-$300,000
-11.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.70%
Original Mortgage
$1,727,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 16, 2013
Closed on
Mar 5, 2015
Sold by
Dart Robert J and Dart Judy L
Bought by
Green Jeffrey B and Green Michele B
Seller's Agent
Ocean Sotheby's International Realty
Buyer's Agent
Roger Emmons
Truman & Co. (KW)
List Price
$2,295,000
Sold Price
$1,785,000
Premium/Discount to List
-$510,000
-22.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.92%
Original Mortgage
$950,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 2, 2003
Sold by
Robbins William O and Mcmahon Daniel J
Bought by
Dart Robert J and Dart Judy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2001
Bought by
Hinkley Family Trust 5/5/2001

Purchase Details

Closed on
Aug 29, 2000
Sold by
Kardea Limited Inc
Bought by
Halterman Gerald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,220
Interest Rate
8.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2000
Bought by
Hinkley Family Trust 5/5/2001

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,220
Interest Rate
8.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 1997
Sold by
Ferrel Wade
Bought by
Kardea Limited Inc

Purchase Details

Closed on
Oct 1, 1987
Bought by
Hinkley Family Trust 5/5/2001

Purchase Details

Closed on
Feb 1, 1977
Bought by
Hinkley Family Trust 5/5/2001
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Revocable Trust $4,000,000 None Listed On Document
Tld Properties South Llc $2,150,000 None Listed On Document
Hinkley Michael Edward $2,295,000 None Available
Green Jeffrey B $1,785,000 None Available
Dart Robert J $2,050,000 --
Hinkley Family Trust 5/5/2001 -- --
Halterman Gerald $660,000 --
Hinkley Family Trust 5/5/2001 -- --
Kardea Limited Inc $700,000 --
Hinkley Family Trust 5/5/2001 -- --
Hinkley Family Trust 5/5/2001 $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hinkley Michael Edward $1,727,000
Previous Owner Green Jeffrey B $950,000
Previous Owner Kardea Limited Inc $1,000,000
Previous Owner Dart Robert J $1,000,000
Previous Owner Kardea Limited Inc $540,220
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/20/2024 03/20/24 Sold $4,000,000 -10.9% $1,315 / Sq Ft
03/05/2024 03/05/24 Pending -- -- --
02/22/2024 02/22/24 Price Changed $4,490,000 -8.3% $1,476 / Sq Ft
01/08/2024 01/08/24 For Sale $4,895,000 +127.7% $1,609 / Sq Ft
05/21/2018 05/21/18 Sold $2,150,000 -8.5% $691 / Sq Ft View Prior Sale
04/22/2018 04/22/18 Pending -- -- --
11/24/2017 11/24/17 For Sale $2,350,000 +2.4% $755 / Sq Ft
08/29/2016 08/29/16 Sold $2,295,000 -11.6% $736 / Sq Ft View Prior Sale
08/24/2016 08/24/16 Pending -- -- --
10/06/2015 10/06/15 For Sale $2,595,000 +45.4% $832 / Sq Ft
03/19/2015 03/19/15 Sold $1,785,000 -22.2% $572 / Sq Ft View Prior Sale
03/05/2015 03/05/15 Pending -- -- --
05/16/2013 05/16/13 For Sale $2,295,000 -- $736 / Sq Ft
Source: Key West Association of REALTORS®

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 $22,698 $3,103,788 $1,267,359 $1,836,429
2024 $21,078 $3,101,295 $1,267,359 $1,833,936
2023 $21,078 $2,856,576 $1,086,419 $1,770,157
2022 $17,983 $2,254,685 $823,162 $1,431,523
2021 $16,765 $1,865,677 $608,829 $1,256,848
2020 $15,745 $1,754,378 $1,115,601 $638,777
2019 $16,227 $1,793,441 $1,147,604 $645,837
2018 $16,344 $1,768,388 $972,672 $795,716
2017 $15,233 $1,615,974 $0 $0
2016 $15,391 $1,542,032 $0 $0
2015 $13,436 $1,305,063 $0 $0
2014 $13,893 $1,296,391 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Swanson

    Seller's Agent in 2024

    Lisa Swanson

    The Agency Florida Keys

    (305) 924-3777

    19 in this area

    126 Total Sales

    Lisa Swanson
    Section Image
  • Lisa Frins

    Seller's Agent in 2018

    Lisa Frins

    Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

    (305) 522-1479

    286 Total Sales

    Lisa Frins
    Section Image

  • T

    Buyer's Agent in 2018

    Thomas Mack

    SBX Real Estate, LLC (KW)

  • T

    Buyer's Agent in 2018

    Tommy Mack

    Buy The Keys (KW)

  • Roger Emmons

    Seller's Agent in 2016

    Roger Emmons

    Truman & Co. (KW)

    (305) 304-7446

    21 in this area

    66 Total Sales

    Roger Emmons
    Section Image

  • K

    Seller Co-Listing Agent in 2016

    Kenneth Edwards

    Truman & Co. (KW)

    (305) 304-0922

    9 in this area

    40 Total Sales

    Kenneth Edwards
    Section Image
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Map

Source: Key West Association of REALTORS®

MLS Number: 608077

Key West Association of REALTORS®

APN: 00036100-000000

Florida Monroe County Key West 33040 Old Town

408 United St, Key West, FL

Not Listed for Sale

Detached

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