NOT LISTED FOR SALE

550 E Ocean Dr Key Colony Beach, FL 33051

Estimated Value: $2,132,000 - $2,409,000

3 Beds
3.5 Baths
3,508 Sq Ft
$653/Sq Ft Est. Value

Last Sold March 07, 2017

Last sale price $1,065,000 $304 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $13,195/month

358 Days on Market

Highlights

  • Ocean View
  • Dock made with wood
  • Boat Slip
  • Coral Shores High School Rated A
  • Boat Lift
  • Home fronts a canal

About This Home

As of March 2017

One of a kind Key Colony Beach 3BR/3.5BA Home on Prime Double 1/4 acre Lot w/ room for 5 Boats Dockage (room for 2 Large Boats.) Sits at the end of the canal. 3-Level Home w/ a grade level workshop & storage space. Rooms are all nice size! Has an Elevator from Foyer to Main level! Master BR & Bath on the main level. Whole House Audio System!Generator! 4 Car-carport

Last Agent to Sell the Property

Brian Schmitt

Coldwell Banker Schmitt Real Estate Co. (KW) License #BK147809 Listed on: 01/18/2016

Coldwell Banker Schmitt Real Estate Co. (KW)

Last Buyer's Agent

Brian Schmitt

Coldwell Banker Schmitt Real Estate Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,088

Year Built

  • Built in 1994

Lot Details

  • 0.25 Acre Lot
  • Home fronts a canal
  • Property is zoned R-1A - Key Colony Single Family

Property Views

  • Ocean
  • Canal

Home Design

  • Metal Roof

Interior Spaces

  • 3,508 Sq Ft Home
  • Elevator
  • Ceiling Fan
  • Entrance Foyer
  • Workshop
  • Storage
  • Complete Accordion Shutters

Kitchen

  • Microwave
  • Dishwasher
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Carport

Outdoor Features

  • Davits
  • Boat Lift
  • Boat Slip
  • Dock made with wood
  • Screened Balcony

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Key Colony Beach Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 7
  • Assessor Parcel Number 00073610-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,088

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • Mandatory HOA: No
  • Dockage Dock: Wood
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key Colony
  • Limited Representation: No
  • Mile Marker: 53.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 5087.71
  • Vehicle Storage: Attached, Carport
  • Vehicle Storage Cars: 4+
  • Year Built: 1994
  • Alternate Key Number: 1077691
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 11000.00
  • Porch Balcony: Open Porch/Balcony, Screened P/B
  • Shutters: Accordion
  • Species List: Yes
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 3508.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Pantry, Walk-in Closet(s), Storage, Elevator, Entrance Foyer
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Refrigerator, Microwave, Gas Appliances, Dryer, Disposal
  • Half Bathrooms: 1
  • Specialty Rooms: Workshop
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Boat Lift, Davit Pads, Davits, Boat Slip
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Roof: Metal Roof
  • Waterview: Canal View, Ocean View
  • Pool: No

Utilities

  • Utilities: FKAA

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00073610-000000
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.25

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2019
Sold by
White Bradford S and White Laura K
Bought by
White Bradford S and White Laura W
Current Estimated Value
$2,291,665

Purchase Details

Listed on
Jan 18, 2016
Closed on
Mar 7, 2017
Sold by
Roof Lisa
Bought by
White Bradford S and White Laura K
Seller's Agent
Brian Schmitt
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Brian Schmitt
Coldwell Banker Schmitt Real Estate Co.
List Price
$1,295,000
Sold Price
$1,065,000
Premium/Discount to List
-$230,000
-17.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.02%
Original Mortgage
$85,200
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2014
Sold by
Jacka Doris L
Bought by
Jacka Doris L and Doris L Jacka Revocable Trust

Purchase Details

Closed on
Mar 1, 2007
Sold by
Jacka Thomas A and Jacka Doris L
Bought by
Jacka Thomas A and Jacka Doris L

Purchase Details

Closed on
May 1, 1993
Bought by
Jacka Doris L Revocable Trust 12/18/2014

Purchase Details

Closed on
Jun 1, 1988
Bought by
Jacka Doris L Revocable Trust 12/18/2014

Purchase Details

Closed on
Aug 1, 1984
Bought by
Jacka Doris L Revocable Trust 12/18/2014
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 Buyer Sale Price Title Company
White Bradford S -- None Listed On Document
White Bradford S -- Attorney
White Bradford S -- Attorney
White Bradford S $1,065,000 Attorney
Jacka Doris L -- Attorney
Jacka Thomas A -- Attorney
Jacka Doris L Revocable Trust 12/18/2014 $92,500 --
Jacka Doris L Revocable Trust 12/18/2014 -- --
Jacka Doris L Revocable Trust 12/18/2014 $33,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner White Bradford S $85,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/07/2017 03/07/17 Sold $1,065,000 -17.8% $304 / Sq Ft
01/10/2017 01/10/17 Pending -- -- --
01/18/2016 01/18/16 For Sale $1,295,000 -- $369 / 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
2025 $14,544 $1,724,765 $1,051,490 $673,275
2024 $13,665 $1,996,374 $1,318,708 $677,666
2023 $13,665 $1,922,861 $1,268,740 $654,121
2022 $11,452 $1,419,104 $751,685 $667,419
2021 $9,780 $930,782 $332,310 $598,472
2020 $9,102 $894,655 $316,635 $578,020
2019 $9,251 $909,397 $316,635 $592,762
2018 $8,925 $912,075 $321,255 $590,820
2017 $8,387 $905,672 $0 $0
2016 $7,836 $780,860 $0 $0
2015 $5,088 $526,972 $0 $0
2014 $5,176 $522,790 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Schmitt

    Seller's Agent in 2017

    Brian Schmitt

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 289-6500

    14 in this area

    105 Total Sales

    Brian Schmitt
    Section Image

  • B

    Buyer's Agent in 2017

    Brain Schmitt

    Coldwell Banker Schmitt Islamorada

    (305) 743-4153

    2 Total Sales

    Brain Schmitt
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 569576

Florida Keys Board of REALTORS®

APN: 00073610-000000

Florida Monroe County Key Colony Beach 33051

550 E Ocean Dr, Key Colony Beach, FL

Not Listed for Sale

Detached

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