NOT LISTED FOR SALE

555 Palm Dr Key Largo, FL 33037

Key Largo Area

Estimated Value: $708,000

3 Beds
2 Baths
1,550 Sq Ft
$457/Sq Ft Est. Value

Sale Details

Date Sold: November 17, 2023

Last sale price $775,000 $500 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $4,110 / mo

190 Days on Market

Highlights

  • New Construction
  • Quartz Countertops
  • Stainless Steel Appliances
  • Coral Shores High School Rated A
  • No HOA
  • 1-minute walk to Shadow Point

About This Home

As of November 2023

Contemporary New Home in central Key largo features fully tiled floors, metal roof, real wood over-sized kitchen cabinetry, high end fixtures and upgraded tile in both bathrooms. this home includes a cistern which gathers rainwater for gardening or other non-drinking uses. No conservation easements or other restrictions here. You can build your future pool or store your boat on the side of the home..

Last Agent to Sell the Property

Gregory Pardo

Harbour 99 Properties, Inc. License #0334425 Listed on: 04/10/2023

Last Buyer's Agent

Lauren Dunn

Coldwell Banker Schmitt Islamorada License #3505304

Coldwell Banker Schmitt Islamorada

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,075

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 5,350 Sq Ft Lot
  • Fenced
  • Property is zoned IS - Improved Subivision District

Home Design

  • Metal Roof

Interior Spaces

  • 1,550 Sq Ft Home
  • Bar
  • Ceiling Fan
  • Tile Flooring
  • Impact Glass

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Quartz Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Low Flow Toliet

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Programmable Thermostat
  • Cistern
  • Tankless Water Heater
  • Public Hookup Available For Sewer
  • Cable TV Available

Additional Features

  • ENERGY STAR/CFL/LED Lights
  • Ground Level

Community Details

  • No Home Owners Association
  • Pamela Villa Subdivision

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00463700-000100

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,075

Year Built

Built in 2023 | New Construction

Lot Details

5,350 Sq Ft Lot

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
  • Handicap Access: No
  • Key Island: Key Largo
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 102.50
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 2075.15
  • Vehicle Storage: Open Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 2023
  • Alternate Key Number: 9104587
  • Building Style: Ground Level
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 5350.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1550.00
  • Pre Wired: Cable, Cat 5
  • G F Interior Features: Tankless Hot Wtr Htr, LED Lighting, Low Flow Toilets, Programmable Thermst
  • G F Utilities: Cistern
  • Property Condition: New Construction
  • Sewer Hook Up: Yes
  • Recycled Materials: Countertops
  • Statistical Purposes Only: No
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Bar, Quartz Countertops, Walk-in Closet(s)
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Stainless Steel Appliance(s), Freezer, Disposal, Microwave, Oven, Range, Refrigerator
  • Floor: Tile
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 3
  • Sq Ft Remarks: The Home has 360 additional Square Feet of outside covered patio/terraces..

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Exterior Features: Fencing
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer
  • Heating: Forced Air

Lot Info

  • Deed Restrictions: No
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00463700-000100
  • Lot Size: 50 X 107
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2023
Closed on
Nov 17, 2023
Sold by
Correa Octavio C
Bought by
Seller's Agent
Gregory Pardo
Harbour 99 Properties, Inc.
Buyer's Agent
Lauren Dunn
Coldwell Banker Schmitt Islamorada
List Price
$819,000
Sold Price
$775,000
Premium/Discount to List
-$44,000
-5.37%
Views
251
Current Estimated Value
$708,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$67,000
Avg. Annual Appreciation
0.77%
Original Mortgage
$620,000
Outstanding Balance
$598,422
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$193,578

Purchase Details

Closed on
Mar 1, 2021
Sold by
Engelmeyer Genevieve E and Engelmeyer Andrew J
Bought by
Correa Octavio C

Purchase Details

Closed on
Jan 13, 1994
Sold by
Reitz Albert L
Bought by
Reitz Albert L and Reitz Lesa Renee
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Key Largo, FL

  • Andres Rodriguez Real Estate Agent - Enkasa, Inc.

    Andres Rodriguez

    Enkasa, Inc.

    (786) 761-1715

    56 Total Sales

    2 in Key Largo

    $1,025,000 Price Range

    Andres Rodriguez
     Section Image
  • Patricia Castillo Real Estate Agent - Century 21 World Connection

    Patricia Castillo

    Century 21 World Connection

    (786) 461-1590

    53 Total Sales

    2 in Key Largo

    $1,143,000 Price Range

    Patricia Castillo
     Section Image
  • Brenda Aldana Real Estate Agent - Real Estate of Florida Broward County Inc.

    Brenda Aldana

    Real Estate of Florida Broward County Inc.

    (772) 946-1495

    73 Total Sales

    1 in Key Largo

    $848,000 Price

    Brenda Aldana
     Section Image
  • Jeanne Towne Real Estate Agent - Fidelity Real Estate Group

    Jeanne Towne

    Fidelity Real Estate Group

    (954) 754-5748

    9 Total Sales

    2 in Key Largo

    $350,000 Price Range

    Jeanne Towne
     Section Image
  • Angel DiGiorgio Real Estate Agent - American Caribbean Real Estate, Christie's International Real Estate

    Angel DiGiorgio

    American Caribbean Real Estate, Christie's International Real Estate

    (888) 625-3203

    22 Total Sales

    17 in Key Largo

    $2K - $2M Price Range

    Angel DiGiorgio
     Section Image
  • Shane Wilson Real Estate Agent - Cypress Realty, Inc.

    Shane Wilson

    Responds Quickly

    Cypress Realty, Inc.

    (239) 341-5344

    123 Total Sales

    7 in Key Largo

    $550K - $2.3M Price Range

    Shane Wilson
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$775,000 Coral Reef Title
Correa Octavio C $300,000 Florida Title Of The Keys
Reitz Albert L -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $620,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/17/2023 11/17/23 Sold $775,000 -4.0% $500 / Sq Ft
09/26/2023 09/26/23 Price Changed $807,000 -0.2% $521 / Sq Ft
07/14/2023 07/14/23 Price Changed $809,000 -0.7% $522 / Sq Ft
06/09/2023 06/09/23 Price Changed $815,000 -0.5% $526 / Sq Ft
04/10/2023 04/10/23 For Sale $819,000 -- $528 / Sq Ft
Source: Florida Keys Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,221 --
2024 $2,221 --
2023 $2,221 $148,040 $147,125 $915
2022 $2,075 $121,529 $117,700 $3,829
2021 $1,830 $80,265 $76,238 $4,027
Source: Public Records

Agents Affiliated with this Home

  • GP

    Seller's Agent in 2023

    Gregory Pardo

    Harbour 99 Properties, Inc.

    (305) 905-0069

    31 Total Sales

    Gregory Pardo
    Section Image
  • Lauren Dunn Real Estate Agent - Coldwell Banker Schmitt Islamorada

    Buyer's Agent in 2023

    Lauren Dunn

    Coldwell Banker Schmitt Islamorada

    (305) 394-3717

    28 Total Sales

    Lauren Dunn
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 604896

Florida Keys Board of REALTORS®

APN: 00463700-000100

Florida Monroe County Key Largo 33037

555 Palm Dr, Key Largo, FL

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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