NOT LISTED FOR SALE

503 Geiger Cir Key Largo, FL 33037

Estimated Value: $2,126,000 - $2,692,000

3 Beds
4 Baths
3,408 Sq Ft
$705/Sq Ft Est. Value

Last Sold June 14, 2021

Last sale price $1,700,000 $499 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $13,946/month

24 Days on Market

Highlights

  • Detached Guest House
  • Boat Lift
  • RV or Boat Parking
  • Coral Shores High School Rated A
  • Spa
  • 1-minute walk to Schwingggg

About This Home

As of June 2021

SPECTACULAR 260's ft. of Waterfront Luxury Estate w/Separate Freestanding Guest House(1/1). Main House 2/2 Upstairs- Downstairs Legal Bathroom & 1200 ft. of Storage. . 135 ft. of water frontage on each side w/ 12000 lb. Cradle Boatlift & 50' of Dockage. This compound is surrounded by Concrete Walls with two electric gates. The Kitchen Boasts Stainless Steel Appliances, Granite Counter Tops, Gas Grille/Griddle. Plenty of room for a Pool, Storage, Gym, Playroom & Water Toys. Covered Fish Station (9 ft. wide Starboard Surface), High Capacity Ice Machine. Boaters Dream House w/ Direct Ocean Access. **2** House's for the price of one.

Last Agent to Sell the Property

Tracey Petrusha

Venture Realty Group License #651549 Listed on: 02/21/2021

Venture Realty Group

Co-Listed By

Michael Petrusha

Venture Realty Group License #3443101

Last Buyer's Agent

Tracey Petrusha

Freewheeler Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,499

Year Built

  • Built in 1989 | Remodeled

Lot Details

  • 0.32 Acre Lot
  • Home fronts a canal

Home Design

  • Concrete Roof
  • Metal Roof

Interior Spaces

  • 3,408 Sq Ft Home
  • Wet Bar
  • Ceiling Fan
  • Skylights
  • Shutters
  • Workshop
  • Storage
  • Home Gym
  • Tile Flooring
  • Canal Views

Kitchen

  • Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Maid or Guest Quarters
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Impact Glass
  • Fire and Smoke Detector

Parking

  • 4 Car Garage
  • Electric Gate
  • RV or Boat Parking

Outdoor Features

  • Spa
  • Davits
  • Boat Lift
  • Balcony
  • Patio
  • Exterior Lighting
  • Shed

Additional Homes

  • Detached Guest House

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Separate Meters
  • Propane
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Key Largo Beach Addition Subdivision
  • Rental Restrictions
  • RV Parking in Community

Listing and Financial Details

  • Homestead Exemption

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,499

Year Built

Built in 1989 | Remodeled

Lot Details

0.32 Acres

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key Largo
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 100.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Other Area Features
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 6498.70
  • Title: Title Ins - Buyer
  • Vehicle Storage: Covered Parking, RV Parking Open, Trailer Storage, Garage
  • Vehicle Storage Cars: 4+
  • Year Built: 1989
  • Alternate Key Number: 1620971
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Ceiling Fans(s), Ductless, Central Air
  • Lot Sq Ft: 14043.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • Shutters: Panel
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 3408.00
  • Pre Wired: Cable
  • Specialty Rooms Guest Servant Qtrs: Legal
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Sky Light(s), Wet Bar, Walk-in Closet(s), Storage, Smoke Alarms, Pantry, Granite Counter Top
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Dishwasher, Washer, Stainless Steel Appliance(s), Microwave, Refrigerator, Oven, More Appliances, Ice Machine, Gas Appliances, Dryer
  • Floor: Tile
  • Specialty Rooms: Gym, Workshop, Other
  • Windows/Doors: Impact Rstnce Doors, Other Windows/Doors, Impact Rstnce Window
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Boat Lift, Davits
  • Waterfront: Canal Front, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Detached Guest Qtrs, Storage, Shed, Lighting, Hot Tub
  • Roof: Concrete Roof, Metal Roof
  • Waterview: Canal View, Open Water View
  • Pool: No

Utilities

  • Security: Electric Gate
  • Utilities: Buyer to Verify, Propane, Municipal Sewer, Elect Separate Meter, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Land Size: 1/4 - 1/2 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2021
Closed on
Jun 11, 2021
Sold by
Casale Michael J and Casale Sandy Lou
Bought by
Centeno Luis E
Seller's Agent
Tracey Petrusha
Venture Realty Group
Buyer's Agent
Tracey Petrusha
Freewheeler Realty, Inc.
List Price
$1,995,000
Sold Price
$1,700,000
Premium/Discount to List
-$295,000
-14.79%
Current Estimated Value
$2,403,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$703,337
Avg. Annual Appreciation
7.54%
Original Mortgage
$1,499,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2004
Sold by
Bell Charles T and Bell Bonnie W
Bought by
Casale Michael J and Casale Sandy Lou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$732,000
Interest Rate
5.75%
Mortgage Type
Unknown

Purchase Details

Closed on
May 1, 1993
Bought by
Casale Michael J and Casale Sandy Lou

Purchase Details

Closed on
Oct 1, 1992
Bought by
Casale Michael J and Casale Sandy Lou

Purchase Details

Closed on
Oct 1, 1991
Bought by
Casale Michael J and Casale Sandy Lou

Purchase Details

Closed on
Sep 1, 1988
Bought by
Casale Michael J and Casale Sandy Lou

Purchase Details

Closed on
Jan 1, 1988
Bought by
Casale Michael J and Casale Sandy Lou
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
Centeno Luis E $1,700,000 The Closing Team
Casale Michael J $975,000 Florida Title Of The Keys In
Casale Michael J $263,500 --
Casale Michael J $40,000 --
Casale Michael J $225,000 --
Casale Michael J $170,000 --
Casale Michael J $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Centeno Luis E $1,499,000
Previous Owner Casale Michael J $732,000
Closed Casale Michael J $190,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2021 06/14/21 Sold $1,700,000 -10.3% $499 / Sq Ft
03/17/2021 03/17/21 Pending -- -- --
03/15/2021 03/15/21 Price Changed $1,895,000 -5.0% $556 / Sq Ft
02/21/2021 02/21/21 For Sale $1,995,000 -- $585 / Sq Ft
Source: Florida Keys Board 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 $17,293 $2,184,889 $963,153 $1,221,736
2024 $16,353 $2,016,420 $949,588 $1,066,832
2023 $16,353 $1,906,438 $882,890 $1,023,548
2022 $14,340 $1,716,218 $705,166 $1,011,052
2021 $6,668 $720,090 $0 $0
2020 $6,623 $710,148 $0 $0
2019 $6,499 $694,182 $0 $0
2018 $6,491 $681,239 $0 $0
2017 $6,355 $667,228 $0 $0
2016 $6,439 $653,505 $0 $0
2015 $6,525 $648,962 $0 $0
2014 $6,649 $643,812 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tracey Petrusha

    Seller's Agent in 2021

    Tracey Petrusha

    Venture Realty Group

    (305) 896-1080

    31 in this area

    80 Total Sales

    Tracey Petrusha
    Section Image
  • Michael Petrusha

    Seller Co-Listing Agent in 2021

    Michael Petrusha

    Venture Realty Group

    (954) 608-4901

    20 in this area

    52 Total Sales

    Michael Petrusha
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 594809

Florida Keys Board of REALTORS®

APN: 00503090-000000

Florida Monroe County Key Largo 33037

503 Geiger Cir, Key Largo, FL

Not Listed for Sale

Detached

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