NOT LISTED FOR SALE

43 Bay Dr Key West, FL 33040

Estimated Value: $1,189,000 - $2,235,000

2 Beds
2 Baths
1,575 Sq Ft
$1,116/Sq Ft Est. Value

Last Sold January 06, 2023

Last sale price $2,225,000 $1,413 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $10,474/month

8 Days on Market

About This Home

As of January 2023

Located on an oversized, double lot and only several miles from the hustle and bustle of exciting Key West, this CBS constructed home is tucked away into its own piece of Paradise. The large, gated property has two (2) bedrooms and two (2) bathrooms, and an open living space complete with vaulted ceilings and waterfront-facing windows. The kitchen is updated and overlooks the entire living room and dining nook with built-in benches. Through sliding glass doors is an expansive deck, perfect to enjoy an early morning coffee or evening beverages with friends. A custom-designed, lagoon style pool is heated and surrounded by tropical Florida Keys landscaping and palm trees. The backyard comes complete with a private beach, outdoor kitchen with grilling space, Tiki hut, outdoor shower, and plenty of space to dock your boat. A whole-house Generator is also installed to help keep the home with electrical power in case of a local power outage. Take advantage of this opportunity to own your very own tropical home in the lower Florida Keys!

Last Agent to Sell the Property

Team Connect

Coastal Collection Real Estate Inc. Listed on: 11/23/2022

Last Buyer's Agent

Jennifer Howe

Coastal Collection Real Estate Inc. License #3519429

Home Details

Home Type

Single Family

Year Built

1987

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Dock: Wood
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Saddlebunch
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 15.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Tennis Courts, Other Area Features
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 10964.72
  • Title: Negotiable
  • Vehicle Storage: Covered Parking
  • Year Built: 1987
  • Alternate Key Number: 1206440
  • Cooling Heating: Central Air
  • Lot Sq Ft: 18533.00
  • Pool Info: In Ground, Concrete
  • Shutters: Accordion
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1575.00
  • Financial Status Standard Sale: Yes
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Wet Bar, Granite Counter Top, Window Treatments, Cathedral Ceilings
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Microwave, Refrigerator, Dishwasher, Dryer
  • Specialty Rooms: Utility Room
  • Windows/Doors: Impact Rstnce Doors
  • Total Bedrooms: 2
  • Accessibility Features: Parking

Exterior Features

  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Chickee Hut, Storage, Sandy Beach, Lighting
  • Roof: Metal Roof
  • Waterview: Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: FKAA, Whole House Generatr

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,VE,AE,AE
  • Parcel Number: 00160870-000000
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.43

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 22, 2023
Sold by
Vank Home Llc
Bought by
Vankralingen Michael and Vankralingen Van Kralingen
Current Estimated Value
$1,757,274

Purchase Details

Listed on
Nov 23, 2022
Closed on
Jan 6, 2023
Sold by
Caldwell Joseph James
Bought by
Vank Home Llc
Seller's Agent
Team Connect
Coastal Collection Real Estate Inc.
Buyer's Agent
Jennifer Howe
Coastal Collection Real Estate Inc.
List Price
$2,399,000
Sold Price
$2,225,000
Premium/Discount to List
-$174,000
-7.25%
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.61%

Purchase Details

Listed on
Jun 19, 2019
Closed on
Oct 21, 2019
Sold by
Martinez Nelson and Martinez Kimberly
Bought by
Caldwell Joseph James
Seller's Agent
Leigh Roach
Truman & Co. (KW)
Buyer's Agent
Terrance Sullivan
Buy The Keys (KW)
List Price
$1,375,000
Sold Price
$1,250,000
Premium/Discount to List
-$125,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.74%
Original Mortgage
$812,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 1, 2017
Closed on
Oct 17, 2017
Sold by
Dove Jeffrey A and Dove Cathy S
Bought by
Martinez Nelson and Martinez Kimberly
Seller's Agent
Thomas Lane
Key West Real Estate Company (KW)
Buyer's Agent
Leigh Roach
Truman & Co. (KW)
List Price
$1,275,000
Sold Price
$842,500
Premium/Discount to List
-$432,500
-33.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.57%

Purchase Details

Listed on
Jan 22, 2015
Closed on
Aug 3, 2015
Sold by
Lyons Stephen P and Lyons Laurie E
Bought by
Dove Jeffrey A and Dove Cathy S
Seller's Agent
Moe Smyth
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Moe Smyth
Coldwell Banker Schmitt RE Co.
List Price
$948,900
Sold Price
$921,000
Premium/Discount to List
-$27,900
-2.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.95%
Original Mortgage
$721,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 8, 2014
Closed on
Aug 28, 2014
Sold by
Ruben Stephen D
Bought by
Lyons Stephen P and Lyons Laurie E
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
Non Member
Non-Member Office (KW)
List Price
$799,000
Sold Price
$739,000
Premium/Discount to List
-$60,000
-7.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.71%
Original Mortgage
$389,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2004
Sold by
Ruben Stephen D
Bought by
Waters Albert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$584,000
Interest Rate
6.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2002
Sold by
Bruce S Sonnenfeld I
Bought by
Ruben Stephen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 1997
Sold by
Mcgovern Robert G
Bought by
Sonnenfeld Bruce S and Kaplitz Nancy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,000
Interest Rate
7.56%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 1, 1990
Bought by
Dove Jeffrey A and Dove Cathy S

Purchase Details

Closed on
Feb 1, 1986
Bought by
Dove Jeffrey A and Dove Cathy S
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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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
Vankralingen Michael -- None Listed On Document
Vank Home Llc $2,225,000 --
Caldwell Joseph James $1,250,000 Attorney
Martinez Nelson $842,500 Attorney
Dove Jeffrey A $921,000 Attorney
Lyons Stephen P $739,000 First Intl Title Inc
Azoulay Sam -- Attorney
Waters Albert A $152,500 True Title Agency Inc
Ruben Stephen D $500,000 --
Sonnenfeld Bruce S $310,000 --
Dove Jeffrey A $280,000 --
Dove Jeffrey A $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Caldwell Joseph James $812,500
Previous Owner Dove Jeffrey A $721,000
Previous Owner Lyons Stephen P $389,000
Previous Owner Sonnenfeld Bruce S $584,000
Previous Owner Sonnenfeld Bruce S $400,000
Previous Owner Sonnenfeld Bruce S $31,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/06/2023 01/06/23 Sold $2,225,000 -7.3% $1,413 / Sq Ft
11/23/2022 11/23/22 For Sale $2,399,000 +91.9% $1,523 / Sq Ft
10/25/2019 10/25/19 Sold $1,250,000 -9.1% $794 / Sq Ft View Prior Sale
10/17/2019 10/17/19 Pending -- -- --
06/19/2019 06/19/19 For Sale $1,375,000 +63.2% $873 / Sq Ft
10/17/2017 10/17/17 Sold $842,500 -33.9% $535 / Sq Ft View Prior Sale
10/04/2017 10/04/17 Pending -- -- --
04/01/2017 04/01/17 For Sale $1,275,000 +38.4% $810 / Sq Ft
08/03/2015 08/03/15 Sold $921,000 -2.9% $585 / Sq Ft View Prior Sale
05/23/2015 05/23/15 Pending -- -- --
01/22/2015 01/22/15 For Sale $948,900 +28.4% $602 / Sq Ft
08/28/2014 08/28/14 Sold $739,000 -7.5% $469 / Sq Ft View Prior Sale
08/25/2014 08/25/14 Pending -- -- --
04/08/2014 04/08/14 For Sale $799,000 -- $507 / 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 $15,203 $1,824,881 $1,271,364 $553,517
2024 $14,518 $1,780,469 $1,232,445 $548,024
2023 $14,518 $2,175,279 $1,712,449 $462,830
2022 $11,828 $1,478,235 $992,442 $485,793
2021 $10,965 $1,164,729 $720,007 $444,722
2020 $10,065 $1,047,737 $596,763 $450,974
2019 $8,262 $848,623 $564,330 $284,293
2018 $8,473 $846,876 $557,843 $289,033
2017 $9,021 $912,430 $0 $0
2016 $8,096 $790,517 $0 $0
2015 $7,043 $656,982 $0 $0
2014 $8,048 $764,818 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Team Connect

    Coastal Collection Real Estate Inc.

    66 Total Sales

    Team Connect
    Section Image
  • Jennifer Howe

    Buyer's Agent in 2023

    Jennifer Howe

    Coastal Collection Real Estate Inc.

    (305) 906-1866

    5 Total Sales

    Jennifer Howe
    Section Image

  • L

    Seller's Agent in 2019

    Leigh Roach

    Truman & Co. (KW)

  • T

    Buyer's Agent in 2019

    Terrance Sullivan

    Buy The Keys (KW)

  • T

    Seller's Agent in 2017

    Thomas Lane

    Key West Real Estate Company (KW)

  • R

    Seller Co-Listing Agent in 2017

    Richard Haskins

    Buy The Keys (KW)

See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 603199

Key West Association of REALTORS®

APN: 00160870-000000

Florida Monroe County Key West 33040

43 Bay Dr, Key West, FL

Not Listed for Sale

Detached

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