NOT LISTED FOR SALE

502 Key Royale Dr Holmes Beach, FL 34217

Estimated Value: $3,154,699

6 Beds
6.5 Baths
3,566 Sq Ft
$885/Sq Ft Est. Value

Last Sold September 16, 2024

Last sale price $3,500,000 $981 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $17,289/month

275 Days on Market

Highlights

  • Dock has access to electricity
  • Boat Lift
  • Heated Spa
  • Beach Access
  • New Construction
  • Canal View

About This Home

As of September 2024

Welcome to this newly built Waterfront Home featuring a spacious 6 bedrooms, 6.5-baths with easy access to Bimini Bay and the Intracoastal Waterway from your private dock equipped with a 10,000 lb. boat lift. Positioned on a large corner lot just minutes from the beach this home is perfect for entertaining with surrounding water views from your private roof top terrace. The gourmet kitchen features a butlers pantry with wine cooler, custom cabinetry, quartz countertops, and high end appliances. The main floor master bedroom features a private patio leading to the pool plus walk-in closet. The spa-like master bathroom centers around your stand-alone tub and frameless glass shower with dual his and her vanities. All bedrooms are en suite with each bathroom having its own unique tile, countertop and vanity selection. A smart home system is included for your tv, speakers, and cameras. The private backyard features a large heated saltwater pool and spa with floating steps surrounded by lush landscaping and shell stone which also covers the lanai. Call today for your private showing!

Last Agent to Sell the Property

Lawrence Vargas

PINEYWOODS REALTY LLC Brokerage Phone: 813-225-1890 License #3226591 Listed on: 11/24/2023

PINEYWOODS REALTY LLC

Last Buyer's Agent

Alexa Mast

MICHAEL SAUNDERS & COMPANY License #3544044

MICHAEL SAUNDERS & COMPANY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,394

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 0.38 Acre Lot
  • Property fronts a saltwater canal
  • South Facing Home
  • Irrigation
  • Property is zoned R1

Parking

  • 2 Car Attached Garage

Home Design

  • Bi-Level Home
  • Stem Wall Foundation
  • Metal Roof
  • Block Exterior

Interior Spaces

  • 3,566 Sq Ft Home
  • High Ceiling
  • Tile Flooring
  • Canal Views

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms

Pool

  • Heated Spa
  • In Ground Spa
  • Saltwater Pool

Outdoor Features

  • Beach Access
  • Access to Saltwater Canal
  • Boat Lift
  • Dock has access to electricity
  • Dock made with Composite Material

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Holmes Beach Community
  • Key Royale 1St Add Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,394

Year Built

Built in 2024 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block
  • Fireplace: Yes
  • Living Area: 3566
  • Lot Size Acres: 0.38
  • New Construction: Yes
  • Year Built: 2024
  • Building Area Total: 5503
  • Lot Size Sq Ft: 16461
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Builder
  • Building Area Total Srch Sq M: 511.25
  • Escrow City: Tampa
  • Escrow State: FL
  • Escrow Street Name: W Platt St
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 981.49
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 1
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Composite,Dock w/Electric,Lift
  • MFR_DockYN: 1
  • MFR_DockMaintenanceFee: 0
  • MFR_DockMaintenanceFeeFrequency: N/A
  • Attribution Contact: 813-225-1890
  • Tax Year: 2022
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Interior Amenities: High Ceilings
  • Appliances Included: Dishwasher, Range, Refrigerator
  • Foundation Details: Stem Wall
  • Total Bedrooms: 6
  • Levels: Two
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • ResoLivingAreaSource: Builder
  • Living Area Meters: 331.29

Exterior Features

  • Direction Faces: South
  • Pool Features: Heated, Salt Water
  • Exterior Features: Irrigation System
  • Roof: Metal
  • Pool Private: Yes
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water Access: Beach,Canal - Saltwater
  • Water Extras: Lift
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Utilities: Public
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: R1
  • Parcel Number: 7263100259
  • Additional Parcels: No
  • Flood Zone Code: AE

Rental Info

  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Buyer to verify with city of Holmes Beach ordinance.

Tax Info

  • Tax Annual Amount: 7393.87
  • Tax Lot: 21

Multi Family

  • Waterfront Features: Canal - Saltwater

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2023
Closed on
Sep 16, 2024
Sold by
502 Key Royale Llc
Bought by
Huffman Kimberly R and Huffman Roger A
Seller's Agent
Lawrence Vargas
PINEYWOODS REALTY LLC
Buyer's Agent
Alexa Mast
MICHAEL SAUNDERS & COMPANY
List Price
$3,950,000
Sold Price
$3,500,000
Premium/Discount to List
-$450,000
-11.39%
Views
110
Current Estimated Value
$3,154,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$345,301
Avg. Annual Appreciation
-7.68%

Purchase Details

Closed on
Sep 7, 2021
Sold by
Flagler Plant Properties Llc
Bought by
502 Key Royale Llc

Purchase Details

Listed on
Jan 6, 2021
Closed on
Apr 9, 2021
Sold by
Tina Fohou Llc
Bought by
Flagler Plant Properties Llc
Seller's Agent
Stephen Hachey
FLAT FEE MLS REALTY
Buyer's Agent
Kseniya Korneva
REAL BROKER, LLC
List Price
$599,000
Sold Price
$550,000
Premium/Discount to List
-$49,000
-8.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.78%

Purchase Details

Listed on
Sep 26, 2014
Closed on
Jun 1, 2016
Bought by
Tina Fohou Llc
Seller's Agent
Jen Bowman
KELLER WILLIAMS ON THE WATER
Buyer's Agent
Jennifer Delbo
WAGNER REALTY
List Price
$355,000
Sold Price
$325,000
Premium/Discount to List
-$30,000
-8.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.51%

Purchase Details

Closed on
Dec 31, 2012
Sold by
Mitchell Mary Maxine and Mitchell Jeffrey D
Bought by
502 Key Royale Llc

Purchase Details

Closed on
Nov 29, 2010
Sold by
Jacobs Howard A and Tri State Funding Lllp Savings
Bought by
Mitchell Mary Maxine and Mitchell Jeffrey D

Purchase Details

Closed on
Apr 2, 2008
Sold by
Tri State Funding Lllp
Bought by
Tri State Funding Lllp Savings & Investm

Purchase Details

Closed on
Sep 19, 2007
Sold by
Hopp Scott and Hopp Deanne L
Bought by
Tri State Funding Lllp

Purchase Details

Closed on
Dec 11, 2005
Sold by
Palawski James and Ingorvia Angelo
Bought by
Hopp Scott and Hopp Deanne L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$505,000
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2005
Sold by
Mathewson Rene W
Bought by
Palawski James J and Ingorvaia Angelo

Purchase Details

Closed on
Jun 14, 2005
Sold by
Mathewson Rene W and Deutsche Bank National Trust C
Bought by
Palawski James J and Ingorvaia Angelo

Purchase Details

Closed on
Sep 2, 1993
Sold by
Mathewson Liese Lore
Bought by
Mathewson Liese Lore and Mathewson Rene William
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
Huffman Kimberly R $3,500,000 None Listed On Document
502 Key Royale Llc -- Accommodation
Flagler Plant Properties Llc $550,000 Thompson Najmy
Tina Fohou Llc $325,000 --
502 Key Royale Llc $199,000 Attorney
Mitchell Mary Maxine $207,000 Attorney
Tri State Funding Lllp Savings & Investm -- None Available
Tri State Funding Lllp $275,000 Attorney
Hopp Scott $499,500 None Available
Palawski James J $350,000 --
Palawski James J $350,000 --
Mathewson Liese Lore -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hopp Scott $505,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/16/2024 09/16/24 Sold $3,500,000 -4.1% $981 / Sq Ft
08/26/2024 08/26/24 Pending -- -- --
08/16/2024 08/16/24 Price Changed $3,650,000 -2.7% $1,024 / Sq Ft
07/14/2024 07/14/24 Price Changed $3,750,000 -2.6% $1,052 / Sq Ft
06/13/2024 06/13/24 Price Changed $3,850,000 -2.5% $1,080 / Sq Ft
06/13/2024 06/13/24 For Sale $3,950,000 +12.9% $1,108 / Sq Ft
05/31/2024 05/31/24 Off Market $3,500,000 -- --
05/03/2024 05/03/24 Price Changed $3,950,000 -1.1% $1,108 / Sq Ft
04/20/2024 04/20/24 Price Changed $3,995,000 -0.1% $1,120 / Sq Ft
03/21/2024 03/21/24 Price Changed $4,000,000 -2.1% $1,122 / Sq Ft
02/27/2024 02/27/24 Price Changed $4,085,000 -0.4% $1,146 / Sq Ft
02/12/2024 02/12/24 Price Changed $4,100,000 -0.6% $1,150 / Sq Ft
01/21/2024 01/21/24 Price Changed $4,125,000 -0.6% $1,157 / Sq Ft
12/23/2023 12/23/23 Price Changed $4,150,000 -2.4% $1,164 / Sq Ft
11/24/2023 11/24/23 For Sale $4,250,000 +672.7% $1,192 / Sq Ft
04/19/2021 04/19/21 Sold $550,000 -5.2% $357 / Sq Ft View Prior Sale
03/03/2021 03/03/21 Pending -- -- --
01/30/2021 01/30/21 Price Changed $579,900 -3.2% $377 / Sq Ft
01/06/2021 01/06/21 For Sale $599,000 +84.3% $389 / Sq Ft
09/19/2016 09/19/16 Off Market $325,000 -- --
06/20/2016 06/20/16 Sold $325,000 -8.5% $211 / Sq Ft View Prior Sale
05/02/2016 05/02/16 Pending -- -- --
01/08/2016 01/08/16 For Sale $355,000 +9.2% $231 / Sq Ft
01/01/2016 01/01/16 Off Market $325,000 -- --
05/27/2015 05/27/15 Price Changed $355,000 -5.3% $231 / Sq Ft
11/16/2014 11/16/14 Price Changed $375,000 -16.7% $244 / Sq Ft
09/26/2014 09/26/14 For Sale $450,000 -- $292 / Sq Ft
Source: Stellar MLS

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 $9,516 $3,185,724 $688,500 $2,497,224
2024 $9,516 $692,614 $688,500 $4,114
2023 $8,764 $612,000 $612,000 $0
2022 $7,394 $450,000 $450,000 $0
2021 $5,838 $337,500 $337,500 $0
2020 $40 $300,000 $300,000 $0
2019 $5,158 $300,000 $300,000 $0
2018 $5,099 $300,000 $300,000 $0
2017 $6,244 $300,000 $0 $0
2016 $6,244 $380,000 $0 $0
2015 $5,147 $427,500 $0 $0
2014 $5,147 $326,198 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: T3488129

Stellar MLS

APN: 72631-0025-9