NOT LISTED FOR SALE

51 Sunset Key Dr Key West, FL 33040

Estimated Value: $3,045,000 - $3,747,000

3 Beds
3 Baths
1,920 Sq Ft
$1,727/Sq Ft Est. Value

Sale Details

Date Sold: May 16, 2025

Last sale price $3,000,000 $1,562 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $22,258 / mo

254 Days on Market

Highlights

  • Ocean View
  • Tennis Courts
  • Deck
  • Beach
  • In Ground Pool
  • Marble Flooring

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

Est. Annual Taxes

  • $25,599

Year Built

  • Built in 2005 | Remodeled

Lot Details

  • 5,129 Sq Ft Lot
  • Property is zoned HPRD - Hist Planned Redevelopment & Dev Dist

HOA Fees

  • $2,331 Monthly HOA Fees

Home Design

  • Widow's Walk
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,920 Sq Ft Home
  • French Doors
  • Ocean Views
  • Dryer

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Home Security

  • Monitored
  • Impact Glass

Parking

  • Garage
  • Off-Street Parking

Outdoor Features

  • In Ground Pool
  • Tennis Courts
  • Balcony
  • Deck

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Separate Meters
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00000200-000551

Community Details

Overview

  • Association fees include common area mnt
  • Sunset Key Island Unrcd Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Beach
  • Tennis Courts
  • Community Spa

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,599

Year Built

Built in 2005 | Remodeled

Lot Details

5,129 Sq Ft Lot

HOA Fees

$2,331 per month

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2024
Closed on
May 15, 2025
Sold by
Bought by
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
$3,316,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$316,205
Avg. Annual Appreciation
9.10%
Original Mortgage
$2,000,000
Interest Rate
0.065%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 6, 2022
Closed on
Jul 29, 2022
Sold by
Bought by
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
Bought by
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
0.0387%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 14, 2008
Sold by
Bought by

Purchase Details

Closed on
Apr 28, 2006
Sold by
Bought by

Purchase Details

Closed on
Jan 26, 2005
Sold by
Bought by

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
0.0426%
Mortgage Type
Purchase Money Mortgage
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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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $2,000,000
Closed $500,000
Closed $2,775,000
Closed $2,248,000
Closed $1,320,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: Key West Association of REALTORS®

MLS Number: 610950

Key West Association of REALTORS®

APN: 00000200-000551

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