$2,700,000
SOLD SEP 26, 2024

531 Seminole Dr Summerland Key, FL 33042

4 Beds
3 Baths
2,604 Sq Ft
0.34 Acres

Recently Sold

$1,037 Per Sq Ft

17% Below List Price

194 Days on Market

About This Home

As of May 2025

Welcome to waterfront paradise in Cudjoe Gardens! NO BRIDGES 4 ft draft 225 ft concrete dockages with 2 boat lifts. 4 Bedrooms 3 Baths, Pool and 2 Car Garage. This spacious home offers the ultimate Florida lifestyle with deep water access and no bridges, ensuring easy navigation for boating enthusiasts. Nestled on a corner lot within a serene cul-de-sac, this residence exudes charm and luxury at every turn. As you step inside, you're greeted by beautiful architectural accents and an open great room adorned with cathedral ceilings, creating an inviting atmosphere for both relaxation and entertainment. A stunning keystone fireplace serves as the focal point, adding warmth and character to the space, while travertine floors throughout enhance the coastal elegance.The heart of the home is the gourmet kitchen, featuring cherry cabinets, granite countertops, and stainless steel appliances. Whether you're preparing a casual meal or hosting a dinner party, this kitchen is sure to impress even the most discerning chef. With custom crown molding and meticulous attention to detail, this home exudes quality craftsmanship and sophistication. The oversized two-car garage provides ample space for parking and storage, accommodating your vehicles and recreational gear with ease.Outside, the property boasts expansive waterfront views with pool and ample outdoor space, perfect for soaking up the sun or enjoying al fresco dining. Whether you're fishing off the dock, lounging by the water's edge, or setting out for a day of boating adventure, this waterfront retreat offers endless possibilities for coastal living.Don't miss your chance to experience luxury waterfront living in Cudjoe Gardens. Schedule your private tour today and discover the unparalleled beauty and elegance of this exceptional property.

Last Agent to Sell the Property

Diane Corliss

Coldwell Banker Schmitt Lower Keys (KW) License #3099169 Listed on: 02/23/2024

Coldwell Banker Schmitt Lower Keys (KW)

Last Buyer's Agent

Beata Sharpe

Coldwell Banker Schmitt Real Estate Co.

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,824

Year Built

1985

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 75.00
  • Mandatory HOA: No
  • Voluntary HOA: Yes
  • Control Depth: 4
  • Dockage Dock: Concrete
  • Document Count: 2
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Cudjoe Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 21.00
  • M L S Identifier: 20060123165453488875000000
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 12823.85
  • Title: Title Ins - Buyer
  • Vehicle Storage: Garage, Off Street Parking, Guest Parking, Open Parking, Attached
  • Year Built: 1985
  • Alternate Key Number: 1224944
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 14875.00
  • Pool Info: In Ground, Concrete
  • Pool Info Heated: Yes
  • Association Maintenance Fee Per: Yearly
  • Shutters: Accordion
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 2604.00
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Cathedral Ceilings
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Microwave, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Other
  • Specialty Rooms: Laundry Room
  • Total Bedrooms: 4

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Waterview: Canal View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: AE,AE
  • Parcel Number: 00174634-002000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.34

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2025
Closed on
May 30, 2025
Sold by
Hollenbach Stephanie and Revocable Living Trust Of W James Hollen
Bought by
Betts David B and Betts Toni D
Seller's Agent
Karen Haack
Coldwell Banker Schmitt RE Co. Lower Keys Office
Buyer's Agent
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
List Price
$2,999,000
Sold Price
$2,600,000
Premium/Discount to List
-$399,000
-13.3%
Views
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
159.49%
Original Mortgage
$1,600,000
Outstanding Balance
$1,600,000
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$1,343,132

Purchase Details

Listed on
Feb 23, 2024
Closed on
Sep 26, 2024
Sold by
Morrison Ian and Baikie Family Residence Trust
Bought by
Revocable Living Trust Of W James Hollenbach and Hollenbach
Seller's Agent
Diane Corliss
Coldwell Banker Schmitt Lower Keys (KW)
Buyer's Agent
Beata Sharpe
Coldwell Banker Schmitt Real Estate Co.
List Price
$3,250,000
Sold Price
$2,700,000
Premium/Discount to List
-$550,000
-16.92%
Views
82

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.48%

Purchase Details

Closed on
Mar 14, 2011
Sold by
Coffman Jon W and Coffman Carol T
Bought by
Morrison Ian and Baikie Family Residence Trust

Purchase Details

Closed on
Jul 22, 2005
Sold by
Wynalda Robert M and Wynalda Patricia S
Bought by
Coffman Jon W and Coffman Carol T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
5.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 1, 1998
Bought by
Baikie Family Residence Trust 3/14/2011

Purchase Details

Closed on
Jun 18, 1997
Sold by
Zagame John E
Bought by
Zagame John E

Purchase Details

Closed on
May 1, 1983
Bought by
Baikie Family Residence Trust 3/14/2011

Purchase Details

Closed on
Jun 1, 1981
Bought by
Baikie Family Residence Trust 3/14/2011

Purchase Details

Closed on
Feb 1, 1978
Bought by
Baikie Family Residence Trust 3/14/2011
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,600,000 None Listed On Document
Warranty Deed $2,700,000 None Listed On Document
Warranty Deed $1,175,000 Attorney
Warranty Deed $1,350,000 Interval Title Services Inc
Warranty Deed $550,000 --
Quit Claim Deed $100 --
Warranty Deed $55,000 --
Warranty Deed $40,000 --
Deed $20,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,600,000 New Conventional
Previous Owner $225,000 New Conventional
Previous Owner $1,300,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2025 05/30/25 Sold $2,600,000 -13.3% $998 / Sq Ft
02/14/2025 02/14/25 For Sale $2,999,000 +11.1% $1,152 / Sq Ft
09/26/2024 09/26/24 Sold $2,700,000 -10.0% $1,037 / Sq Ft
09/04/2024 09/04/24 Pending -- -- --
03/29/2024 03/29/24 Price Changed $3,000,000 -7.7% $1,152 / Sq Ft
02/23/2024 02/23/24 For Sale $3,250,000 -- $1,248 / Sq Ft
Source: Key West Association of REALTORS®

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 $12,824 $2,016,260 $1,316,772 $699,488
2023 $12,824 $1,719,891 $1,051,477 $668,414
2022 $11,107 $1,339,004 $669,710 $669,294
2021 $10,310 $1,051,918 $446,473 $605,445
2020 $10,294 $1,039,780 $443,238 $596,542
2019 $10,779 $1,087,771 $474,810 $612,961
2018 $10,408 $1,017,945 $407,649 $610,296
2017 $10,096 $994,043 $0 $0
2016 $9,730 $933,948 $0 $0
2015 $9,026 $823,275 $0 $0
2014 $9,064 $790,930 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Key West Association of REALTORS®

MLS Number: 608867

Key West Association of REALTORS®

APN: 00174634-002000