$1,555,000
SOLD MAY 2, 2025
4 Beds
4 Baths
2,293 Sq Ft
4,125 Sq Ft Lot

Recently Sold

$678 Per Sq Ft

16% Below List Price

246 Days on Market

Highlights

  • Beach
  • Boat Lift
  • Home fronts a canal
  • Coral Shores High School Rated A
  • Concrete Pool
  • Deck

About This Home

As of May 2025

Welcome to your coastal haven in Key Colony Beach--a paradise for those seeking a beautiful home and a relaxed lifestyle. This gem of a property with eastern exposure is offered fully furnished. Featuring 2-zone AC, marble pavers, and elegant finishes like Granite and marble counter and vanity tops. Boasting 9-foot ceilings, crown molding, a garage, concrete seawall, boat lift, and a step-down dock for a 37-foot boat, this residence seamlessly blends luxury with functionality. Enjoy the heated pool and the tropical ambiance in your backyard. Make this Key Colony Beach retreat your haven for a life of tranquility and leisure. Other half of this building (540 9th) can also be bought at the same price as 550 9th.

Last Agent to Sell the Property

Steve Smith

Key Colony Beach Realty License #541095 Listed on: 07/24/2024

Last Buyer's Agent

John Nazzaro

Keller Williams Realty Premier Properties - Kendall License #3052192

Keller Williams Realty Premier Properties - Kendall

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $12,553

Year Built

  • Built in 2006

Lot Details

  • 4,125 Sq Ft Lot
  • Home fronts a canal

Home Design

  • Half Duplex
  • Metal Roof

Interior Spaces

  • 2,293 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Blinds
  • French Doors
  • Sliding Doors
  • Entrance Foyer
  • Storage
  • Canal Views
  • Monitored

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops

Flooring

  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Off-Street Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Pool Deck

Outdoor Features

  • Seawall
  • Boat Lift
  • Dock made with Composite Material
  • Balcony
  • Deck

Location

  • Ground Level

Utilities

  • Central Air
  • Heating Available
  • Water Softener
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00075210-000000

Community Details

Overview

  • No Home Owners Association
  • Key Colony Bch 1St Addn Amd Plat Subdivision
  • Rental Restrictions

Recreation

  • Beach
  • Tennis Courts
  • Bike Trail

Pet Policy

  • Pets Allowed

Security

  • Complete Accordion Shutters
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$12,553

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Half Duplex
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Dock: Composite
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Handicap Access: No
  • Key Island: Key Colony
  • Limited Representation: Yes
  • Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
  • Mile Marker: 53.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Tennis Courts, Bike Paths, Beach
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 12553.00
  • Title: Title Ins - Buyer
  • Vehicle Storage: Garage, Off Street Parking
  • Year Built: 2006
  • Alternate Key Number: 1080691
  • Building Style: Ground Level
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 4125.00
  • Pool Info: In Ground, Decked, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Deck
  • Shutters: Accordion
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 2293.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Granite Counter Top, Window Treatments, Walk-in Closet(s), Storage, Smoke Alarms, Entrance Foyer
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Washer, Stainless Steel Appliance(s), Freezer, Water Softener, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Marble
  • Specialty Rooms: Other
  • Windows/Doors: French Doors, Aluminum Windows, Glass Doors
  • Total Bedrooms: 4

Exterior Features

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

Utilities

  • Security: Patrolled Area
  • Utilities: Municipal Sewer, Cable Available
  • Heating: Electric

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00075210-000000
  • Lot Size: 37.5 X 110
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.09

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2024

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2024
Closed on
May 2, 2025
Sold by
Kuhn Robin
Bought by
Charles E Shaffer Jr Trust and Shaffer
Seller's Agent
Steve Smith
Key Colony Beach Realty
Buyer's Agent
John Nazzaro
Keller Williams Realty Premier Properties - Kendall
List Price
$1,850,000
Sold Price
$1,555,000
Premium/Discount to List
-$295,000
-15.95%
Views
40
Current Estimated Value
$1,578,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,260
Avg. Annual Appreciation
0.60%

Purchase Details

Listed on
Jan 18, 2023
Closed on
Feb 21, 2023
Sold by
Browning Richard A and Browning Karyn M
Bought by
Jelleme Howard and Kuhn Robin
Seller's Agent
Karen Raspe, PA
Ocean Sotheby's International
Buyer's Agent
Steve Smith, P.a.
Key Colony Beach Realty
List Price
$1,675,000
Sold Price
$1,665,000
Premium/Discount to List
-$10,000
-0.6%
Views
29

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.07%

Purchase Details

Listed on
Oct 21, 2014
Closed on
Nov 18, 2014
Sold by
Morscheck Timothy J and Morscheck Joanne
Bought by
Engeman Robert F and Engeman Paula B
Seller's Agent
Steve Smith, P.a.
Key Colony Beach Realty
Buyer's Agent
Marina Cala
Key Colony Beach Realty
List Price
$875,000
Sold Price
$850,000
Premium/Discount to List
-$25,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.48%

Purchase Details

Closed on
Nov 24, 2008
Sold by
Morscheck Timothy J and Morscheck Joanne
Bought by
T & J Keys Llc

Purchase Details

Closed on
May 11, 2007
Bought by
Engeman Robert F and Engeman Paula B

Purchase Details

Closed on
Jan 10, 2005
Sold by
Gem Keys Llc
Bought by
Gem Keys Llc

Purchase Details

Closed on
Oct 27, 2004
Sold by
Philcox Steven and Philcox Patricia
Bought by
Gem Keys Llc

Purchase Details

Closed on
Jan 15, 2004
Sold by
Mcphall Ronald C and Turpen Tamara
Bought by
Alonso Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 1999
Sold by
Povolo James R
Bought by
Mcphall Ronald and Turpen Tamara

Purchase Details

Closed on
Feb 11, 1997
Sold by
Cabrera Eddy
Bought by
Philcox Steven and Philcox Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 1988
Bought by
Engeman Robert F and Engeman Paula B

Purchase Details

Closed on
Mar 1, 1986
Bought by
Engeman Robert F and Engeman Paula B
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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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 $1,555,000 None Listed On Document
Warranty Deed $1,555,000 None Listed On Document
Warranty Deed $1,665,000 --
Quit Claim Deed -- Attorney
Warranty Deed $850,000 Attorney
Warranty Deed -- None Available
Warranty Deed $1,050,000 --
Quit Claim Deed -- --
Warranty Deed $660,000 --
Warranty Deed $550,000 --
Warranty Deed $225,000 --
Warranty Deed $160,000 --
Warranty Deed $175,000 --
Warranty Deed $118,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $385,000 Purchase Money Mortgage
Previous Owner $100,000 Credit Line Revolving
Previous Owner $125,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/02/2025 05/02/25 Sold $1,555,000 -11.1% $678 / Sq Ft
03/27/2025 03/27/25 Pending -- -- --
02/14/2025 02/14/25 Price Changed $1,750,000 -5.4% $763 / Sq Ft
07/24/2024 07/24/24 For Sale $1,850,000 +11.1% $807 / Sq Ft
02/21/2023 02/21/23 Sold $1,665,000 -0.6% $726 / Sq Ft View Prior Sale
01/29/2023 01/29/23 Pending -- -- --
01/18/2023 01/18/23 For Sale $1,675,000 +78.2% $730 / Sq Ft
09/03/2020 09/03/20 Sold $940,000 -0.8% $410 / Sq Ft View Prior Sale
07/30/2020 07/30/20 Pending -- -- --
07/28/2020 07/28/20 For Sale $948,000 +11.5% $413 / Sq Ft
11/21/2014 11/21/14 Sold $850,000 -2.9% $371 / Sq Ft View Prior Sale
11/03/2014 11/03/14 Pending -- -- --
10/21/2014 10/21/14 For Sale $875,000 -- $382 / Sq Ft
Source: Marathon and Lower Keys 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
2025 $13,076 $1,326,021 $486,750 $839,271
2024 $10,503 $1,355,312 $478,500 $876,812
2023 $10,503 $1,219,649 $474,375 $745,274
2022 $9,151 $980,149 $379,500 $600,649
2021 $8,311 $783,789 $260,906 $522,883
2020 $7,636 $742,717 $247,500 $495,217
2019 $7,701 $748,917 $247,500 $501,417
2018 $7,423 $750,256 $247,500 $502,756
2017 $7,222 $747,661 $0 $0
2016 $7,250 $728,591 $0 $0
2015 $6,607 $643,922 $0 $0
2014 $6,422 $566,954 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 610862

APN: 00075210-000000