$3,000,000
SOLD MAY 16, 2025

51 Sunset Key Dr Key West, FL 33040

3 Beds
3 Baths
1,920 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$1,562 Per Sq Ft

19% Below List Price

254 Days on Market

About This Home

As of May 2025

This is the ultimate living experience. You get all Historic Key West has to offer, but are tucked away on your own private island paradise. Access to Sunset Key is by the island ferry which runs 24 hours a day, but is only a 4 minute boat ride. Have all the fun you can stand in Key West, but then come home to absolute peace and quiet. Have your own Sunset Party from your covered roof top observation deck. The island has all the conveniences of a world class luxury resort, including three beaches within a minutes walk, a full service spa, golf cart parking, gourmet restaurant, tennis courts, and much more. Ample covered parking is available at discounted rates in the Opal Resort parking garage. For a truly unique and eye opening experience, call now and make an appointment for a private grand tour of the island. You will be glad you did!

Last Agent to Sell the Property

Cardenas & Krug Team

Coastal Collection Real Estate Inc. License #00000 Listed on: 07/25/2024

Co-Listed By

Bob Cardenas

Coastal Collection Real Estate Inc. License #3406183

Last Buyer's Agent

Cardenas & Krug Team

Ocean Sotheby's International Realty License #00000

Home Details

Home Type

Single Family

Year Built

2005

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Association Fee: 6994.38
  • Mandatory HOA: Yes
  • Fee Includes: Common Area Mnt
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Sunset Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Tennis Courts, Spa, Beach, Fire Hydrant
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 25599.22
  • Title: Title Ins - Seller
  • Vehicle Storage: Garage, Covered Parking, Off Street Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 2005
  • Alternate Key Number: 9081642
  • Cooling Heating: Central Air, Heat Pump
  • Lot Sq Ft: 5129.00
  • Pool Info: In Ground
  • Porch Balcony: Open Porch/Balcony, Widow's Walk, Roof Top Deck, Deck
  • Association Maintenance Fee Per: Quarterly
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1920.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dryer, Stainless Steel Appliance(s), Disposal, Microwave, Oven, Refrigerator, Dishwasher
  • Floor: Wood, Marble
  • Windows/Doors: French Doors, Impact Rstnce Window, Impact Rstnce Doors, Aluminum Windows
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Roof: Metal Roof
  • Waterview: Ocean View
  • Pool: Yes

Utilities

  • Security: Patrolled Area
  • Utilities: FKAA, Elect Separate Meter, Municipal Sewer
  • Heating: Central

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00000200-000551
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.12

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2024
Closed on
May 15, 2025
Sold by
51 Sunset Key Holdings Llc
Bought by
Natandsam Llc
Seller's Agent
Cardenas & Krug Team
Coastal Collection Real Estate Inc.
Buyer's Agent
Cardenas & Krug Team
Coastal Collection Real Estate Inc.
List Price
$3,695,000
Sold Price
$3,000,000
Premium/Discount to List
-$695,000
-18.81%
Views
413
Current Estimated Value
$3,276,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$276,904
Avg. Annual Appreciation
15.89%
Original Mortgage
$2,000,000
Outstanding Balance
$1,989,004
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$1,347,161

Purchase Details

Listed on
Mar 6, 2022
Closed on
Jul 29, 2022
Sold by
Loessin and Caroline
Bought by
51 Sunset Key Holdings Llc
Seller's Agent
Mark Grabowski
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Cardenas & Krug Team
Coastal Collection Real Estate Inc.
List Price
$3,450,000
Sold Price
$3,250,000
Premium/Discount to List
-$200,000
-5.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.82%

Purchase Details

Listed on
Jul 24, 2015
Closed on
Jan 26, 2017
Sold by
Prentice Prentice E and Prentice Katharine C
Bought by
Loessin Scott J and Loessin Caroline
Seller's Agent
Bob Cardenas
MMLS Assoc.-Inactive Member
Buyer's Agent
Lisa Grunow
MMLS Assoc.-Inactive Member
List Price
$2,850,000
Sold Price
$2,775,000
Premium/Discount to List
-$75,000
-2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.91%
Original Mortgage
$2,775,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 14, 2008
Sold by
Sunset Key West Holdings Llc
Bought by
Prentice E Miles and Prentice Katharine C

Purchase Details

Closed on
Apr 28, 2006
Sold by
Davis Daniel J
Bought by
Sunset Key West Holdings Llc

Purchase Details

Closed on
Jan 26, 2005
Sold by
Parcel K Island Development Corp
Bought by
Davis Daniel J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,320,000
Interest Rate
4.26%
Mortgage Type
Purchase Money Mortgage
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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Purchase History

Date Type Sale Price Title Company
Warranty Deed $3,000,000 None Listed On Document
Warranty Deed $3,000,000 None Listed On Document
Warranty Deed $3,000,000 None Listed On Document
Warranty Deed $3,250,000 Spottswood Spottswood Spottswo
Warranty Deed $2,775,000 Attorney
Warranty Deed $2,850,000 None Available
Warranty Deed $2,500,000 None Available
Special Warranty Deed $1,675,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,000,000 New Conventional
Closed $2,000,000 New Conventional
Previous Owner $2,775,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,320,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/16/2025 05/16/25 Sold $3,000,000 -3.2% $1,563 / Sq Ft
03/17/2025 03/17/25 Price Changed $3,099,000 -6.1% $1,614 / Sq Ft
02/17/2025 02/17/25 Price Changed $3,299,000 -6.9% $1,718 / Sq Ft
01/26/2025 01/26/25 Price Changed $3,545,000 -2.7% $1,846 / Sq Ft
12/27/2024 12/27/24 Price Changed $3,645,000 -1.4% $1,898 / Sq Ft
07/25/2024 07/25/24 For Sale $3,695,000 +13.7% $1,924 / Sq Ft
07/29/2022 07/29/22 Sold $3,250,000 -1.5% $1,638 / Sq Ft View Prior Sale
07/18/2022 07/18/22 Pending -- -- --
04/27/2022 04/27/22 Price Changed $3,299,900 -4.4% $1,663 / Sq Ft
03/06/2022 03/06/22 For Sale $3,450,000 +24.3% $1,739 / Sq Ft
01/26/2017 01/26/17 Sold $2,775,000 0.0% $1,399 / Sq Ft View Prior Sale
01/26/2017 01/26/17 Sold $2,775,000 -2.6% $1,399 / Sq Ft View Prior Sale
01/18/2017 01/18/17 Pending -- -- --
12/29/2016 12/29/16 For Sale $2,850,000 0.0% $1,436 / Sq Ft
12/27/2016 12/27/16 Pending -- -- --
12/20/2016 12/20/16 Pending -- -- --
07/24/2015 07/24/15 For Sale $2,850,000 0.0% $1,436 / Sq Ft
12/31/2014 12/31/14 For Sale $2,850,000 -- $1,436 / Sq Ft
Source: Key West Association 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 $25,430 $3,303,373 $2,563,474 $739,899
2024 $25,599 $3,044,746 $2,236,757 $807,989
2023 $25,599 $3,019,725 $2,236,757 $782,968
2022 $19,974 $2,421,042 $0 $0
2021 $20,544 $2,350,527 $0 $0
2020 $20,204 $2,318,074 $1,502,900 $815,174
2019 $20,468 $2,327,269 $1,502,900 $824,369
2018 $19,408 $2,120,048 $1,457,662 $662,386
2017 $17,476 $1,871,837 $0 $0
2016 $17,625 $1,782,368 $0 $0
2015 $18,869 $1,859,764 $0 $0
2014 $18,339 $1,733,372 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cardenas & Krug Team

    Seller's Agent in 2025

    Cardenas & Krug Team

    Coastal Collection Real Estate Inc.

    (305) 848-1616

    24 Total Sales

    Cardenas & Krug Team
    Section Image
  • Bob Cardenas

    Seller Co-Listing Agent in 2025

    Bob Cardenas

    Coastal Collection Real Estate Inc.

    (305) 304-8292

    98 Total Sales

    Bob Cardenas
    Section Image

  • C

    Buyer's Agent in 2025

    Cardenas & Krug Team

    Ocean Sotheby's International Realty

  • Mark Grabowski

    Seller's Agent in 2022

    Mark Grabowski

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (305) 783-2897

    10 Total Sales

    Mark Grabowski
    Section Image

  • R

    Seller's Agent in 2017

    Robert Cardenas

    Ocean Sotheby's International Realty

  • L

    Buyer's Agent in 2017

    Lisa Grunow

    MMLS Assoc.-Inactive Member

    Section Image
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Map

Source: Key West Association of REALTORS®

MLS Number: 610950

Key West Association of REALTORS®

APN: 00000200-000551

Florida Monroe County Key West 33040

51 Sunset Key Dr, Key West, FL

Sold

Detached

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