NOT LISTED FOR SALE

550 Bonito Ave Key Largo, FL 33037

Estimated Value: $1,565,000 - $1,919,041

4 Beds
3.5 Baths
3,077 Sq Ft
$582/Sq Ft Est. Value

Last Sold August 17, 2023

Last sale price $1,599,000 $520 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $9,926/month

76 Days on Market

Highlights

  • Screened Pool
  • RV or Boat Parking
  • 0.55 Acre Lot
  • Coral Shores High School Rated A
  • RV Parking in Community
  • 3-minute walk to Dagny Johnson Key Largo Hammock Botanical State Park

About This Home

As of August 2023

First ever offering of this impressive estate sprawling over 4.5 lots and located in an X flood zone. If you're looking for space and a whole lot of breathing room, this home has what you're looking for. Well-designed and meticulously maintained ranch style home with 4 bedrooms/3.5 bathrooms plus an office. Corner lot with side gate entrance leading up the driveway to an expansive 3 bay garage. French doors off the living room and master bedroom open to the back screened-in patio with heated pool and hot tub. Venture out to the East side of the property and find a separate gate with concrete pad for RV parking with 30 amp hookup. It's not everyday that a property of this magnitude comes to the market, so come experience it for yourself and be blown away.

Last Agent to Sell the Property

AJ Vetter

Palm House Real Estate License #3296730 Listed on: 05/31/2023

Last Buyer's Agent

AJ Vetter

Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,868

Year Built

  • Built in 2003

Lot Details

  • 0.55 Acre Lot
  • Fenced

Home Design

  • Metal Roof

Interior Spaces

  • 3,077 Sq Ft Home
  • Partially Furnished
  • French Doors
  • Sliding Doors
  • Complete Accordion Shutters

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • Attached Garage
  • RV or Boat Parking

Pool

  • Screened Pool
  • Heated In Ground Pool
  • Spa

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Additional Features

  • Shed
  • Ground Level

Community Details

  • No Home Owners Association
  • Anglers Park Subdivision
  • Rental Restrictions
  • RV Parking in Community

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 00552150-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,868

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key Largo
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 103.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 4867.96
  • Vehicle Storage: Garage, RV Parking Open, Attached
  • Year Built: 2003
  • Alternate Key Number: 1677698
  • Building Style: Ground Level
  • Cooling Heating: Central Air
  • Lot Sq Ft: 23291.00
  • Pool Info: In Ground, Screened In
  • Pool Info Heated: Yes
  • Shutters: Accordion
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 3077.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Pantry, Window Treatments, Whirlpool Bath Tub, Walk-in Closet(s)
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Appliances: Washer, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Half Bathrooms: 1
  • Windows/Doors: French Doors, Aluminum Windows, Glass Doors
  • Total Bedrooms: 4

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Exterior Features: Fencing, Storage, Shed, Hot Tub
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Parcel Number: 00552150-000000
  • Land Size: 1/2 - Less Than 1 AC
  • Acres: 0.55

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Partially

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2023
Closed on
Aug 17, 2023
Sold by
Dudley Thomas E and Dudley Shawn M
Bought by
Everhart Christopher Buchanan and Everhart Cassandra Pahules
Seller's Agent
AJ Vetter
Palm House Real Estate
Buyer's Agent
AJ Vetter
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
List Price
$1,699,000
Sold Price
$1,599,000
Premium/Discount to List
-$100,000
-5.89%
Views
233
Current Estimated Value
$1,791,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,010
Avg. Annual Appreciation
5.47%
Original Mortgage
$900,000
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2011
Sold by
Stribling Sally
Bought by
Dudley Thomas E and Dudley Shawn M

Purchase Details

Closed on
Apr 19, 2011
Bought by
Dudley Thomas E and Dudley Shawn M

Purchase Details

Closed on
Nov 28, 2000
Bought by
Dudley Thomas E and Dudley Shawn M
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
Everhart Christopher Buchanan $1,599,000 Reef Title
Everhart Christopher Buchanan $1,599,000 Reef Title
Dudley Thomas E -- Attorney
Dudley Thomas E $100 --
Dudley Thomas E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Everhart Christopher Buchanan $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2023 08/17/23 Sold $1,599,000 -5.9% $520 / Sq Ft
08/15/2023 08/15/23 Pending -- -- --
05/31/2023 05/31/23 For Sale $1,699,000 -- $552 / 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 $5,159 $1,431,262 $788,138 $643,124
2023 $5,159 $596,600 $0 $0
2022 $4,868 $579,224 $0 $0
2021 $4,959 $562,354 $0 $0
2020 $4,928 $554,590 $0 $0
2019 $4,835 $542,122 $0 $0
2018 $4,833 $532,014 $0 $0
2017 $4,733 $521,072 $0 $0
2016 $4,797 $510,355 $0 $0
2015 $4,854 $506,807 $0 $0
2014 $4,952 $502,785 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 605508

Florida Keys Board of REALTORS®

APN: 00552150-000000