NOT LISTED FOR SALE

Estimated Value: $5,656,856 - $7,581,000

6 Beds
8 Baths
4,877 Sq Ft
$1,363/Sq Ft Est. Value

Last Sold December 20, 2021

Last sale price $5,500,000 $1,128 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $38,487/month

105 Days on Market

About This Home

As of December 2021

411 - 415 Grinnell is a spectacular unique property in the heart of Old Town Key West. The property consists of two single family homes that sits on a double lot. The main house was built new and finished in 2020, it has 4 bedrooms, 4.5 baths, is an impeccable modern architectural masterpiece constructed of solid concrete and steel but has the appearance of a traditional Key West ''Conch House'' with a rooftop deck offering the most amazing views of the waterfront harbor and historic Key West. The guest house was built in 1918 and meticulously restored in 2012. It features a stunning kitchen with custom cabinetry and high end appliances, 2 master bedrooms en suite, one on each floor plus a guest half bath on the first floor. Both homes are finished to perfection and enable a buyer to move in and immediately enjoy the Key West lifestyle. The homes have a true open concept and blend the indoors with lush tropically landscaped grounds which includes a three-tiered pool area with Ipe decking and an outdoor shower. These homes were perfectly designed to maximize space and privacy and offer every luxurious amenity one can imagine.

Last Agent to Sell the Property

Jenny Perry

Preferred Properties (KW) Listed on: 08/09/2021

Co-Listed By

Laura McChesney

Preferred Properties (KW) License #494597

Last Buyer's Agent

Allison Findlay

Brenda Donnelly Real Estate LLC License #3441470

Home Details

Home Type

Single Family

Year Built

2020

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-N of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 33811.95
  • Vehicle Storage: Garage, Off Street Parking, Auto Door Opener
  • Year Built: 2020
  • Alternate Key Number: 1005428
  • Building Style: Other Bldg Style, Conch
  • Cooling Heating: Central Air, Heat, Ceiling Fans(s)
  • Lot Sq Ft: 8375.00
  • Pool Info: In Ground, Concrete, Lap
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Deck, Patio, Roof Top Deck
  • Shutters: Bahama
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 4877.00
  • Pre Wired: Surround Sound
  • Pre Wired Other: YES
  • G F Interior Features: Tankless Hot Wtr Htr
  • Property Condition: New Construction, Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Window Treatments, Quartz Countertops, Bar, Built-in Cabinets, Whirlpool Bath Tub, Walk-in Closet(s), Storage, Smoke Alarms, Sky Light(s), Security System, Dade County Pine, Pantry, Cathedral Ceilings
  • Total Bathrooms: 8.00
  • Full Bathrooms: 6
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Ice Machine, Gas Appliances, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Wood, Marble, Other, Combo
  • Half Bathrooms: 2
  • Specialty Rooms: Laundry Room, Utility Room, Media Room
  • Windows/Doors: Sliding Glass Doors, Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 6
  • Sq Ft Remarks: 411 Grinnell is 2 Bedroom 2.5 Bath and 1,541 square foot. 415 Grinnell is 4 Bedroom 4.5 Bath and 3,336 sq.ft.

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS, Hardi Board Siding, Frame, Concrete
  • Exterior Features: Fencing, Water Display, Sprinkler System, Privacy Wall/Fence, Outdoor Shower, Lanai, Lighting, Hot Tub, Rain Gutters
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Propane, Water Separate Meter, Whole House Generatr, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE
  • Lot Size: 83.2 x 100
  • Land Size: More than 1 Lot
  • Acres: 0.19

Green Features

  • Certification: ENERGY STAR Home

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished, Negotiable

Tax Info

  • Tax Year: 2020

Multi Family

  • Total Units: 2.00

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2021
Closed on
Dec 20, 2021
Sold by
Grinnell Street Properties Llc
Bought by
Rosato John P and Rosato Linda
Seller's Agent
Jenny Perry
Preferred Properties (KW)
Buyer's Agent
Allison Findlay
Brenda Donnelly Real Estate LLC
List Price
$5,950,000
Sold Price
$5,500,000
Premium/Discount to List
-$450,000
-7.56%
Current Estimated Value
$6,647,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,147,964
Avg. Annual Appreciation
4.80%
Original Mortgage
$4,400,000
Outstanding Balance
$3,994,622
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$2,653,342

Purchase Details

Listed on
Apr 25, 2016
Closed on
Jun 15, 2017
Sold by
Ganem Neal and Gillin Johnny A
Bought by
Grinnell St Properties Llc
Seller's Agent
Laura McChesney
Preferred Properties (KW)
Buyer's Agent
Darin Pavone
Darin Pavone Real Estate
List Price
$2,995,000
Sold Price
$2,800,000
Premium/Discount to List
-$195,000
-6.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.11%
Original Mortgage
$3,200,000
Interest Rate
4.02%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 29, 2012
Sold by
Gardner Ryan W
Bought by
Ganem Joseph Neal and Gillin Johnny Allen

Purchase Details

Listed on
Apr 11, 2012
Closed on
Apr 2, 2012
Sold by
Klingener Nancy and Hedden Geoffrey Mark
Bought by
Ganem Neal and Gillin Johnny Allen
Seller's Agent
Brenda Donnelly
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Brenda Donnelly
Brenda Donnelly Real Estate LLC
List Price
$630,000
Sold Price
$630,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.71%

Purchase Details

Closed on
May 18, 1998
Sold by
Vrabel Leslie B and Kratzer Richard W
Bought by
Klingener Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
7.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 1994
Bought by
Ganem Joseph Neal

Purchase Details

Closed on
Aug 1, 1993
Bought by
Ganem Joseph Neal

Purchase Details

Closed on
Jun 1, 1985
Bought by
Ganem Joseph Neal
Source: Public Records
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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
Rosato John P $5,500,000 Spottswood Spottswood Spottswo
Grinnell St Properties Llc $2,800,000 Attorney
Ganem Joseph Neal -- Attorney
Ganem Neal $630,000 Attorney
Klingener Nancy $292,000 --
Ganem Joseph Neal $195,000 --
Ganem Joseph Neal $180,000 --
Ganem Joseph Neal $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rosato John P $4,400,000
Previous Owner Grinnell St Properties Llc $3,200,000
Previous Owner Klingener Nancy $50,000
Previous Owner Klingener Nancy $228,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/20/2021 12/20/21 Sold $5,500,000 -3.5% $1,128 / Sq Ft
11/22/2021 11/22/21 Pending -- -- --
10/11/2021 10/11/21 Price Changed $5,700,000 -1.7% $1,169 / Sq Ft
09/16/2021 09/16/21 Price Changed $5,800,000 -2.5% $1,189 / Sq Ft
08/09/2021 08/09/21 For Sale $5,950,000 +112.5% $1,220 / Sq Ft
06/15/2017 06/15/17 Sold $2,800,000 -6.5% $1,817 / Sq Ft View Prior Sale
05/18/2017 05/18/17 Pending -- -- --
04/25/2016 04/25/16 For Sale $2,995,000 +375.4% $1,944 / Sq Ft
04/11/2012 04/11/12 Sold $630,000 0.0% $443 / Sq Ft View Prior Sale
04/11/2012 04/11/12 Pending -- -- --
04/11/2012 04/11/12 For Sale $630,000 -- $443 / 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 $44,702 $5,275,617 $2,050,200 $3,225,417
2024 $41,850 $5,312,126 $2,050,200 $3,261,926
2023 $41,850 $4,893,272 $1,757,494 $3,135,778
2022 $37,912 $4,485,628 $1,331,625 $3,154,003
2021 $33,728 $3,753,886 $984,900 $2,768,986
2020 $33,812 $3,774,684 $977,363 $2,797,321
2019 $22,720 $2,482,491 $1,030,125 $1,452,366
2018 $22,109 $2,362,659 $907,013 $1,455,646
2017 $14,766 $1,561,138 $0 $0
2016 $15,273 $1,529,029 $0 $0
2015 $15,202 $1,481,115 $0 $0
2014 $16,905 $1,545,919 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Key West Association of REALTORS®

MLS Number: 597253

Key West Association of REALTORS®

APN: 00005240-000000