$1,995,000
SOLD AUG 24, 2021

475 Bahia Honda Rd Key Largo, FL 33037

4 Beds
3 Baths
2,848 Sq Ft
10,000 Sq Ft Lot

Recently Sold

$700 Per Sq Ft

3 Days on Market

Highlights

  • New Construction
  • RV or Boat Parking
  • RV Parking in Community
  • Coral Shores High School Rated A
  • Gulf View
  • Home fronts a canal

About This Home

As of March 2023

New Construction Waterfront Stunner! Solidly built in 2020, this contemporary, all concrete 4 bedroom, 3 bath, trilevel home with over 200ft of waterfrontage is conveniently located in N Key Largo. Thoughtfully designed from top to bottom with all of the modern amenities you could want in your island home. Convenient covered parking allows you to enter the foyer through impact glass doors while remaining under cover. Inside you are welcomed into a proper foyer, with storage, a convenient half bath and access to the elevator. The modern quartz stairs open up to the main living area on the second level - with a glamorous gourmet kitchen, ample dining & living room surrounded by impact glass overlooking the covered patio & water. The kitchen has a huge island with waterfall quartz, plenty of storage, wine cooler, & professional grade KitchenAid appliances. There is also a full bath, guest room and laundry room with functional built-ins on this level. The third floor has 3 bedrooms and two full baths - including the expansive main suite with it's own private bath, walk-in closet and wall of glass that opens onto a covered patio overlooking the water, bay & beautiful Jewfish Creek Bridge. A sturdy spiral stair leads to the concrete roof deck, with stunning views of the bay & bridge as well. Take in sunsets, full moons, star filled night skies and fireworks from your private rooftop. The oversized parcel is fully fenced & gated, with concrete patio stones, mature royal palms & plenty of covered entertaining area - complete with a fully equipped outdoor kitchen. Enjoy 80ft of new composite dock on the protected canal for any boat you wish to have and an additional 125 ft of seawall on the main canal. Direct bay & ocean access via Jewfish Creek or nearby Adams Waterway. There are approved plans for a pool that can be added. This custom home is the perfect island home for vacations, weekends with family & friends or full time, easy island living at it's best!

Last Agent to Sell the Property

Lorie Leal

American Caribbean Real Estate, Christie's International Real Estate License #0703307 Listed on: 08/05/2021

Last Buyer's Agent

Jennifer Casariego

Coldwell Banker Schmitt Key Largo

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,941

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 10,000 Sq Ft Lot
  • Home fronts a canal
  • Fenced
  • Property is zoned URM - Urban Res Mobile Home District

Property Views

  • Gulf
  • Canal

Home Design

  • Concrete Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 2,848 Sq Ft Home
  • 3-Story Property
  • Entrance Foyer
  • Storage
  • Tile Flooring

Kitchen

  • Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Carport
  • Electric Gate
  • Open Parking
  • Off-Street Parking
  • RV or Boat Parking

Outdoor Features

  • Seawall
  • Dock made with Composite Material
  • Balcony
  • Outdoor Kitchen

Utilities

  • Central Air
  • Programmable Thermostat
  • Tankless Water Heater
  • Public Hookup Available For Sewer

Additional Features

  • Accessible Elevator Installed
  • ENERGY STAR/CFL/LED Lights

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00536880-000000

Community Details

Overview

  • No Home Owners Association
  • Lake Surprise Properties Subdivision
  • Rental Restrictions
  • RV Parking in Community

Security

  • Building Security System

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,941

Year Built

Built in 2020 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Voluntary HOA: No
  • Control Depth: 4
  • Dockage Dock: Composite
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Key Island: Key Largo
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 106.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 2941.46
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport, Covered Parking, RV Parking Open, Off Street Parking, Open Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 2020
  • Alternate Key Number: 1660388
  • Cooling Heating: Central Air
  • Lot Sq Ft: 10000.00
  • Porch Balcony: Open Porch/Balcony, Roof Top Deck
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 2848.00
  • G F Interior Features: Tankless Hot Wtr Htr, LED Lighting, Programmable Thermst
  • Property Condition: New Construction
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Interior Amenities: Pantry, Quartz Countertops, Window Treatments, Walk-in Closet(s), Storage, Smoke Alarms, Security System, Elevator, Entrance Foyer
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Ice Machine, Disposal, Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Appliances Other: cook top
  • Total Bedrooms: 4
  • Accessibility Features: Accessible Elevator Installed

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Fencing, Outdoor Kitchen
  • Roof: Concrete Roof
  • Waterview: Bay/Gulf View, Open Water View, Canal View
  • Pool: No

Utilities

  • Security: Electric Gate, On Premises System
  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE,AE
  • Parcel Number: 00536880-000000
  • Lot Size: 80 x 125
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.23

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2022
Closed on
Mar 27, 2023
Sold by
Arias Obed and Arias Cristina
Bought by
Martinez Marcos J
Seller's Agent
Jennifer Casariego
LoKation Real Estate
Buyer's Agent
Non Res Agent
Non Res Member
List Price
$2,875,000
Sold Price
$2,800,000
Premium/Discount to List
-$75,000
-2.61%
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.64%
Original Mortgage
$2,000,000
Outstanding Balance
$1,951,935
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$807,273

Purchase Details

Listed on
Aug 5, 2021
Closed on
Aug 24, 2021
Sold by
Arrebola Manuel V and Arrebola Carlos
Bought by
Arias Obed and Sanchez Cristina
Seller's Agent
Lorie Leal
American Caribbean Real Estate, Christie's International Real Estate
Buyer's Agent
Jennifer Casariego
Coldwell Banker Schmitt Key Largo
List Price
$1,995,000
Sold Price
$1,995,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.76%

Purchase Details

Listed on
Mar 26, 2017
Closed on
Aug 22, 2017
Sold by
Castellon Naomi and Castellon Joseph A
Bought by
Arrebola Manuel V and Arrebola Carols
Seller's Agent
Lisa Frins
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
Buyer's Agent
Lorie Leal
American Caribbean Real Estate, Christie's International Real Estate
List Price
$350,000
Sold Price
$325,000
Premium/Discount to List
-$25,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
57.40%
Original Mortgage
$227,500
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2010
Sold by
Castellon Sonia
Bought by
Castellon Joseph A

Purchase Details

Closed on
Dec 20, 2005
Sold by
Soberon Maria
Bought by
Castellon Sonia and Castellon Naomi

Purchase Details

Closed on
Nov 19, 2002
Sold by
Soberon Maria
Bought by
Soberon Maria and Castellon Sonia

Purchase Details

Closed on
Aug 1, 1991
Bought by
Castellon Joseph A

Purchase Details

Closed on
Mar 1, 1987
Bought by
Castellon Joseph A

Purchase Details

Closed on
Jul 1, 1978
Bought by
Castellon Joseph A
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $2,800,000 Priority Title Company
Warranty Deed $1,995,000 Attorney
Warranty Deed $325,000 Sunshine Title Of The Keys I
Interfamily Deed Transfer -- Springs Title Services Inc
Quit Claim Deed -- Attorney
Interfamily Deed Transfer -- --
Warranty Deed $40,000 --
Warranty Deed $50,000 --
Deed $8,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,000,000 New Conventional
Previous Owner $515,000 New Conventional
Previous Owner $227,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2025 06/24/25 For Sale $4,217,145 +50.6% $1,481 / Sq Ft
03/27/2023 03/27/23 Sold $2,800,000 -2.6% $983 / Sq Ft
02/21/2023 02/21/23 Pending -- -- --
01/14/2022 01/14/22 For Sale $2,875,000 +44.1% $1,009 / Sq Ft
08/24/2021 08/24/21 Sold $1,995,000 0.0% $700 / Sq Ft
08/05/2021 08/05/21 For Sale $1,995,000 +513.8% $700 / Sq Ft
08/25/2017 08/25/17 Sold $325,000 -7.1% $589 / Sq Ft
06/30/2017 06/30/17 Pending -- -- --
03/26/2017 03/26/17 For Sale $350,000 -- $634 / Sq Ft
Source: Florida Keys Board 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 $19,100 $2,423,239 $765,475 $1,657,764
2023 $19,100 $2,313,525 $603,000 $1,710,525
2022 $14,104 $1,747,213 $502,500 $1,244,713
2021 $8,798 $1,020,902 $311,550 $709,352
2020 $2,941 $286,680 $268,000 $18,680
2019 $2,675 $239,780 $221,100 $18,680
2018 $2,708 $239,120 $224,400 $14,720
2017 $2,936 $267,164 $0 $0
2016 $2,904 $263,558 $0 $0
2015 $2,704 $223,591 $0 $0
2014 $2,669 $211,554 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 597217

Florida Keys Board of REALTORS®

APN: 00536880-000000