NOT LISTED FOR SALE

523 Key Royale Dr Holmes Beach, FL 34217

Estimated Value: $2,037,000 - $3,113,000

3 Beds
2 Baths
2,111 Sq Ft
$1,212/Sq Ft Est. Value

Last Sold August 25, 2023

Last sale price $3,435,000 $1,627 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $18,087/month

170 Days on Market

Highlights

  • 100 Feet of Bay Harbor Waterfront
  • White Water Ocean Views
  • Water access To Gulf or Ocean
  • Anna Maria Elementary School Rated A-
  • Golf Course Community
  • Boat Slip Deeded

About This Home

As of August 2023

Under contract-accepting backup offers. Do you want to live in a beautiful waterfront home with outdoor kitchen, pool, dock and wide water views? Featured in Home & Design Magazine, this luxury waterfront home is in the Key Royale neighborhood of Holmes Beach. It is the epitome of gracious coastal living. Professional designers, attention to detail and high end finishes made this a one-of-a-kind home with its renovation down to the studs in 2016 including new electric, plumbing & seawall. Entering the Jeld-Wen double front doors, your first word will be "Wow!". Unfolding before you is a breathtaking great room with wide water (not canal) views, an expansive 1600+/- SF travertine pool deck, shaded loggia with custom wood ceiling, outdoor kitchen with hot/cold sink and Lynx propane grill plus 20' X 20' dock (with water & electric) on sailboat water (lift allowed). The great room is light-filled and includes custom built-in’s, fireplace, vaulted 15’ ceilings and full wall of hurricane impact sliders/windows showcasing long water views to Anna Maria Sound. The thoughtful design includes porcelain floors throughout (no carpet!) and an inviting kitchen worthy of a chef's dream featuring quartz counters, Mother of Pearl mosaic backsplash, custom cabinetry with roll outs (Campbell Cabinetry Designs), "Delta Touch” faucet, stainless farm sink, under cabinet lighting, 36" Wolf professional gas range with griddle, architectural range hood, Bosch dishwasher, Sub-Zero refrigerator with custom cabinet panels, Wolf microwave drawer and Wolf steam oven. The open floor plan is complemented by additional inviting spaces to enjoy your Florida lifestyle including a den with dual desk areas, sliders out to the loggia and barn door that ensconces the room into a functional home office, second lounging space or serene 4th bedroom. The waterfront primary bedroom is a luxury destination unto itself with water views, custom coffered 10' ceilings, plush ensuite bathroom, and direct access to the pool, spa, outdoor shower and water's edge. Getting ready for your day, you have the choice of two large closets with custom built-ins and your spa-like bathroom invites you to relax with its fine finishes including generously sized custom shower, quartz counters and refined tile work. For complete privacy, there are two additional bedrooms with sumptuous bathroom nestled on the other side of the home. All bedrooms were designed to be inviting, restful places with direct access to the lanai, pool and bay. The attention to detail continues in the luxe laundry room with raised LG appliances, quartz counters and floor to ceiling pantry with roll outs. For worry free living, this concrete block home was built to rigorous standards including a hurricane strapped metal roof, Hardie Board siding, Andersen Hurricane windows/sliders, 2 garages (one plumbed for conversion to a 4th or 5th bedroom/bathroom) and a TRANSFERRABLE FLOOD INSURANCE POLICY WITH A CURRENT PREMIUM OF $3800/YEAR. There's also a Trane HVAC system with Wi-Fi enabled thermostat, whole house surge protector, spray foam insulation, tankless water heater, WI-FI enabled garage doors, hard wired smoke/fire alarms, wiring for onsite and remote audio/video surveillance and bedside panic button. Imagine living the luxury lifestyle you've always dreamed of. Drift off to sleep as the moon rises over the bay, awaken to the glow of the sunrise on the water, then meander to the beach or enjoy the island's par 32 nine-hole private golf course. This could be yours!

Last Agent to Sell the Property

Eileen Gillen

COLDWELL BANKER REALTY Brokerage Phone: 941-383-6411 License #3385420 Listed on: 02/03/2023

COLDWELL BANKER REALTY

Last Buyer's Agent

Don Purvis

BEACH HOUSE REAL ESTATE LLC License #3263299

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,283

Year Built

  • Built in 1964

Lot Details

  • 0.25 Acre Lot
  • 100 Feet of Bay Harbor Waterfront
  • Northwest Facing Home
  • Fenced
  • Mature Landscaping
  • Level Lot
  • Well Sprinkler System
  • Landscaped with Trees
  • Property is zoned R1

Parking

  • 2 Car Attached Garage
  • Ground Level Parking
  • Circular Driveway

Property Views

  • White Water Ocean
  • Intracoastal
  • Canal

Home Design

  • Key West Architecture
  • Slab Foundation
  • Metal Roof
  • Block Exterior
  • HardiePlank Type

Interior Spaces

  • 2,111 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Built-In Desk
  • Shelving
  • Coffered Ceiling
  • Tray Ceiling
  • Cathedral Ceiling
  • Ceiling Fan
  • Electric Fireplace
  • Shades
  • Drapes & Rods
  • Sliding Doors
  • Entrance Foyer
  • Great Room
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Den
  • Inside Utility

Kitchen

  • Built-In Oven
  • Range with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Cooking Island
  • Granite Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Tile
  • Travertine

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Closed Circuit Camera
  • High Impact Windows
  • Fire and Smoke Detector

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Outdoor Shower
  • Pool Lighting

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • No Fixed Bridges
  • Property is near a marina
  • Access to Saltwater Canal
  • Dock has access to water
  • Seawall
  • Boat Slip Deeded
  • Open Dock
  • Dock made with Composite Material
  • Covered Patio or Porch
  • Outdoor Kitchen
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters
  • Private Mailbox

Location

  • Flood Zone Lot
  • Property is near public transit
  • Property is near a golf course

Schools

  • Anna Maria Elementary School
  • Martha B. King Middle School
  • Manatee High School

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Thermostat
  • Propane
  • Well
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • Key Royale Community
  • Key Royale 1St Add Subdivision
  • The community has rules related to allowable golf cart usage in the community

Recreation

  • Golf Course Community
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,283

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Key West
  • Construction Materials: Block, HardiPlank Type
  • Fireplace: Yes
  • Living Area: 2111
  • Lot Size Acres: 0.25
  • New Construction: No
  • Year Built: 1964
  • Building Area Total: 3223
  • Lot Size Sq Ft: 10999
  • Directions to Property: Manatee Avenue/SR 64 West to AMI. When on island, right at second light onto Gulf Drive. Proceed on Gulf Drive to the retail/restaurant area. Make right onto Marina Drive. Head north on Marina Drive. Right onto Key Royale Drive. House #523 will be on the right before the bridge.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Builder
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046393
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 1627.19
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 1
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Electric
  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 2
  • Interior Amenities: Built-in Features, Cathedral Ceiling(s), Ceiling Fans(s), Coffered Ceiling(s), High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Window Features: Drapes, Impact Glass/Storm Windows, Shades, Window Treatments
  • Street Number Modifier: 523
  • ResoLivingAreaSource: Builder
  • Additional Rooms: Den/Library/Office,Great Room,Inside Utility
  • Living Area Meters: 196.12
  • Room Count: 13

Exterior Features

  • Direction Faces: Northwest
  • Pool Features: Gunite, Heated, In Ground, Lighting
  • Exterior Features: Irrigation System, Lighting, Outdoor Grill, Outdoor Kitchen, Outdoor Shower, Private Mailbox, Rain Gutters, Sliding Doors
  • Roof: Metal
  • Pool Private: Yes
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Patio
  • Road Surface Type: Asphalt
  • Disclosures: Lead Paint, Seller Property Disclosure
  • Water Access: Bay/Harbor,Canal - Saltwater,Gulf/Ocean,Intracoastal Waterway
  • Water Extras: Bridges - No Fixed Bridges,Dock - Composite,Dock - Open,Dock - Slip Deeded On-Site,Dock w/Electric,Dock w/Water Supply,Sailboat Water,Seawall - Concrete
  • Water Extras YN: 1
  • Water View: Bay/Harbor - Full,Canal,Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 100
  • Flood Zone Date: 2021-08-10
  • Flood Zone Panel: 12081C0139F
  • Water Frontage Feet Bay Harbor: 100

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Ground Level

Utilities

  • Utilities: Cable Connected, Electricity Connected, Propane, Public, Sewer Connected, Sprinkler Well, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public, Well

Condo/Co-op/Association

  • Community Features: Fishing, Golf Carts OK, Water Access, Waterfront
  • Association Amenities: Golf Course
  • Association: No
  • Security: Closed Circuit Camera(s), Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Complex Community Name Nccb: KEY ROYALE
  • Pet Restrictions: Pets allowed subject to Manatee County Rules.
  • Association Fee Requirement: None
  • Max Pet Weight: 999

Fee Information

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

Schools

  • Elementary School: Anna Maria Elementary
  • High School: Manatee High
  • Middle Or Junior School: Martha B. King Middle

Lot Info

  • Zoning: R1
  • Parcel Number: 7262000008
  • Additional Parcels: No
  • Fencing: Fenced
  • Lot Features: FloodZone, City Limits, Landscaped, Level, Near Golf Course, Near Marina, Near Public Transit, Paved
  • Flood Zone Code: AE
  • Homestead YN: 1
  • Lot Size Square Meters: 1022

Rental Info

  • Furnished: Negotiable
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: One month minimum lease period per municipal ordinance. No short term or AirBnB rentals allowed.

Tax Info

  • Tax Annual Amount: 11283
  • Tax Book Number: 10-21
  • Tax Lot: 11

Multi Family

  • Waterfront Features: Bay/Harbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2023
Closed on
Aug 25, 2023
Sold by
Schmukler Joseph and Schmukler Carolyn
Bought by
Schwarz Jeffrey A and Schwarz Jill H
Seller's Agent
Eileen Gillen
COLDWELL BANKER REALTY
Buyer's Agent
Don Purvis
BEACH HOUSE REAL ESTATE LLC
List Price
$4,650,000
Sold Price
$3,435,000
Premium/Discount to List
-$1,215,000
-26.13%
Views
120
Current Estimated Value
$2,637,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$797,468
Avg. Annual Appreciation
-12.76%

Purchase Details

Listed on
Dec 29, 2013
Closed on
May 14, 2014
Sold by
Mansfield Peter W and Mansfield Judith
Bought by
Schmukler Joseph and Schmukler Carolyn
List Price
$695,000
Sold Price
$605,000
Premium/Discount to List
-$90,000
-12.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.58%
Original Mortgage
$417,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2009
Sold by
Mansfield Peter W and Mildred Sulis Mansfield Trust
Bought by
Mansfield Peter W and Mansfield Judith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,103
Interest Rate
4.77%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 26, 1996
Sold by
Mansfield Mildred Sulis and Mansfield Samuel Allison
Bought by
Mansfield Mildred Sulis
Source: Public Records

Range of Values:

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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
Schwarz Jeffrey A $3,435,000 Barnes Walker Title
Schmukler Joseph $605,000 Barnes Walker Title Inc
Mansfield Peter W $500,000 American United Title Servic
Mansfield Mildred Sulis -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schmukler Josepe $327,000
Previous Owner Schmukler Joseph $417,000
Previous Owner Mansfield Peter W $128,103
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2023 08/25/23 Sold $3,435,000 -6.4% $1,627 / Sq Ft
07/24/2023 07/24/23 Pending -- -- --
07/12/2023 07/12/23 Price Changed $3,670,000 -7.3% $1,739 / Sq Ft
06/30/2023 06/30/23 Price Changed $3,960,000 -0.6% $1,876 / Sq Ft
04/21/2023 04/21/23 Price Changed $3,985,000 -0.4% $1,888 / Sq Ft
04/04/2023 04/04/23 Price Changed $4,000,000 -10.9% $1,895 / Sq Ft
03/01/2023 03/01/23 Price Changed $4,490,000 -3.4% $2,127 / Sq Ft
02/03/2023 02/03/23 For Sale $4,650,000 +668.6% $2,203 / Sq Ft
05/16/2014 05/16/14 Sold $605,000 -12.9% $328 / Sq Ft
03/25/2014 03/25/14 Pending -- -- --
12/29/2013 12/29/13 For Sale $695,000 -- $377 / 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
2024 $43,751 $2,908,457 $841,500 $2,066,957
2023 $11,533 $747,001 $0 $0
2022 $11,283 $725,244 $0 $0
2021 $10,960 $704,120 $0 $0
2020 $11,323 $694,398 $0 $0
2019 $11,016 $678,786 $0 $0
2018 $10,855 $666,130 $0 $0
2017 $10,159 $652,429 $0 $0
2016 $9,093 $577,266 $0 $0
2015 $7,547 $612,800 $0 $0
2014 $7,547 $455,628 $0 $0
2013 $6,843 $396,198 $297,500 $98,698
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4558630

Stellar MLS

APN: 72620-0000-8