NOT LISTED FOR SALE

55 Ocean Front Dr Key Largo, FL 33037

Estimated Value: $2,313,000 - $3,300,398

4 Beds
3 Baths
2,839 Sq Ft
$969/Sq Ft Est. Value

Last Sold March 02, 2020

Last sale price $899,000 $317 Per Sq Ft

Est. 200% increase in value since last sale

Current estimated payment $15,750/month

183 Days on Market

Highlights

  • Ocean View
  • RV or Boat Parking
  • 1.1 Acre Lot
  • Coral Shores High School Rated A
  • RV Parking in Community
  • 1-minute walk to Schwingggg

About This Home

As of March 2020

Enormous multi-generational home. Ocean breezes & five balconies make this home perfect for relaxing after an exciting day on the water. A fenced acre provides safety for kids & pets allowing room for a pool, tennis court, RV or multiple boats. At ground level, you'll enjoy a 1600 sq ft bonus room for gym, game room, sound studio etc. The 650 sq ft 2 car garage has an inside door to the bonus room, 10 foot openings & a workbench. The master suite boasts a private balcony plus a smaller balcony, ocean side, just off the master bath including a Jacuzzi tub and Jacuzzi shower. All concrete 4 bedrooms with baths. Freshly painted inside and out. Choose your own kitchen appliances.

Last Agent to Sell the Property

Tom McDermott

Tom McDermott, Broker License #571401 Listed on: 07/31/2019

Last Buyer's Agent

Tom Mcdermott (Kl)

Bayview Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,482

Year Built

  • Built in 1998

Lot Details

  • 1.1 Acre Lot
  • Property is zoned IS - Improved Subivision District

Home Design

  • Metal Roof

Interior Spaces

  • 2,839 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Shutters
  • French Doors
  • Storage
  • Laundry Room
  • Tile Flooring
  • Ocean Views
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Whirlpool Bathtub

Home Security

  • Complete Accordion Shutters
  • Fire and Smoke Detector

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Guest Parking
  • Open Parking
  • Off-Street Parking
  • RV or Boat Parking

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Central Air
  • Cistern
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Assessor Parcel Number 00498720-000000

Community Details

Overview

  • No Home Owners Association
  • Key Largo Ocn Shores Subdivision
  • RV Parking in Community

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,482

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Key Largo
  • K W Neighborhood: Outside of Key West
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 100.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Fire Hydrant
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Seller Finance
  • Side: Ocean
  • State Province: FL
  • Taxes: 6482.06
  • Vehicle Storage: Attached, Off Street Parking, Trailer Storage, RV Parking Open, Open Parking, Guest Parking, Garage, Auto Door Opener
  • Vehicle Storage Cars: 2
  • Year Built: 1998
  • Alternate Key Number: 1616583
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 47752.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • Shutters: Accordion, Panel
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 2839.00
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • G F Utilities: Cistern
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Interior Amenities: Built-in Cabinets, Pantry, Whirlpool Bath Tub, Walk-in Closet(s), Storage, Smoke Alarms
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: No Appliances
  • Floor: Tile
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Aluminum Windows, French Doors
  • Total Bedrooms: 4

Exterior Features

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

Utilities

  • Utilities: Cistern, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE,VE
  • Parcel Number: 00498720-000000
  • Land Size: 1 Less Than 2 Acres
  • Acres: 1.10

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2019
Closed on
Mar 6, 2020
Sold by
Thomas J Mcdermott Revocable Trust
Bought by
Kitk2 Llc
Seller's Agent
Tom McDermott
Tom McDermott, Broker
Buyer's Agent
Tom Mcdermott (Kl)
Bayview Properties
List Price
$975,000
Sold Price
$899,000
Premium/Discount to List
-$76,000
-7.79%
Current Estimated Value
$2,694,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,795,229
Avg. Annual Appreciation
22.83%
Original Mortgage
$849,000
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 31, 2019
Closed on
Mar 2, 2020
Sold by
Thomas J Mcdermott Revocable Trust and Mcdermott Suk H
Bought by
Kitk2 Llc
Seller's Agent
Tom McDermott
Tom McDermott, Broker
Buyer's Agent
Tom Mcdermott (Kl)
Bayview Properties
List Price
$975,000
Sold Price
$899,000
Premium/Discount to List
-$76,000
-7.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$849,000
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2015
Sold by
Lopez Wendy Sue
Bought by
Thomas J Mcdermott Rev Trust and Suk Hui Mcdermott Rev Trust

Purchase Details

Closed on
Apr 21, 2015
Sold by
Lopez Wendy Sue
Bought by
Thomas J Mcderott Rev Trust

Purchase Details

Closed on
Dec 19, 2014
Sold by
Benanmi Reuven and Benami Lisa
Bought by
Dyer Wendy Sue and Dyer Wendy Sue Lopez

Purchase Details

Closed on
Aug 19, 2014
Sold by
Dyer Wendy Sue Lopez and Benami Reuven
Bought by
Benami Reuven and Benami Lysa

Purchase Details

Closed on
Oct 11, 2002
Sold by
Lopez Mario
Bought by
Honkia Irene

Purchase Details

Closed on
Sep 30, 1997
Sold by
Krieter Robert C
Bought by
Lopez Mario and Lopez Wendy S

Purchase Details

Closed on
Aug 19, 1997
Sold by
The Most Reverend John C Favalora
Bought by
Krieter Robert C

Purchase Details

Closed on
May 6, 1995
Sold by
Engh Howard A and Engh Elaine M
Bought by
Favolora John C

Purchase Details

Closed on
Feb 1, 1974
Bought by
Mcdermott Thomas J And Suk Hui Rev Trust 5-13
Source: Public Records

Range of Values:

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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
Kitk2 Llc $899,000 Coastal Title & Closing Servic
Kitk2 Llc $899,000 Coastal Title & Closing Servic
Thomas J Mcdermott Rev Trust $500,000 None Available
Thomas J Mcderott Rev Trust $500,000 None Available
Dyer Wendy Sue -- Attorney
Benami Reuven -- None Available
Honkia Irene -- --
Lopez Mario $430,000 --
Krieter Robert C $75,000 --
Favolora John C -- --
Mcdermott Thomas J And Suk Hui Rev Trust 5-13 $7,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kitk Llc $1,200,000
Closed Kitk2 Llc $948,000
Closed Kitk2 Llc $849,000
Closed Kitk2 Llc $849,000
Previous Owner Dyer Donald Wayne $70,000
Closed Krieter Robert C $0
Closed Krieter Robert C $43,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2020 03/02/20 Sold $899,000 0.0% $317 / Sq Ft
01/30/2020 01/30/20 Pending -- -- --
01/07/2020 01/07/20 Price Changed $899,000 -7.8% $317 / Sq Ft
07/31/2019 07/31/19 For Sale $975,000 -- $343 / Sq Ft
Source: Florida Keys Board 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 $11,992 $2,007,643 $988,466 $1,019,177
2023 $11,992 $2,073,080 $1,087,313 $985,767
2022 $10,161 $1,681,880 $691,926 $989,954
2021 $6,670 $731,355 $505,216 $226,139
2020 $6,759 $736,847 $510,708 $226,139
2019 $6,259 $674,223 $462,001 $212,222
2018 $6,482 $687,388 $472,267 $215,121
2017 $6,495 $690,287 $0 $0
2016 $6,506 $665,959 $0 $0
2015 $3,920 $398,470 $0 $0
2014 $5,666 $579,777 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Tom McDermott

    Tom McDermott, Broker

    Section Image

  • T

    Buyer's Agent in 2020

    Tom Mcdermott (Kl)

    Bayview Properties

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 586715

Florida Keys Board of REALTORS®

APN: 00498720-000000

Florida Monroe County Key Largo 33037

55 Ocean Front Dr, Key Largo, FL

This home is located at 55 Ocean Front Dr, Key Largo, FL 33037 since 31 July 2019 and is currently estimated at $2,751,100, approximately $969 per square foot. This property was built in 1998. 55 Ocean Front Dr is a home located in Monroe County with nearby schools including Key Largo School, Coral Shores High School, and Dolphin Montessori Children's House.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Keys Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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