571 8th St Key Colony Beach, FL 33051
5
Beds
4
Baths
2,218
Sq Ft
8,250
Sq Ft Lot
Highlights
- Beach
- Dock made with concrete
- Home fronts a canal
- Coral Shores High School Rated A
- In Ground Pool
- Clubhouse
About This Home
As of December 2024Well maintained Full Duplex with a 75ft. concrete dock w/ davits, sparkling swimming pool and tiki hut bar overlooking the 90+ foot wide canal. Just down the canal is access to Vaca Cut channel connecting you instantly to the Ocean or Bay. Beautiful water views from the spacious, covered porch leading into the 2 bed/2 bath upstairs unit with open concept living spaces. The downstairs unit has been fully renovated featuring a large white kitchen, 3 bedrooms and 2 bathrooms plus a shaded lanai. The large side yard is fully fenced perfect for pets or a boat trailer with easy access to the attached garage and oversized parking area up front. Solid concrete structure with newer metal roof (approx. 3yrs. old). Live in one level and rent the other or utilize strictly for investment purposes renting weekly in one of the most sought after vacation rental locations in the middle keys! Golf course, parks, beaches are nearby!
Last Agent to Sell the Property
Island Breeze Realty, LLC License #3107004 Listed on: 01/22/2023
Last Buyer's Agent
Tracey Petrusha
Freewheeler Realty, Inc.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,377
Year Built
- Built in 1970
Lot Details
- 8,250 Sq Ft Lot
- Home fronts a canal
- Privacy Fence
Home Design
- Duplex
- Metal Roof
Interior Spaces
- 2,218 Sq Ft Home
- Bar
- Ceiling Fan
- Blinds
- Casement Windows
- Sliding Doors
- Storage
- Tile Flooring
- Canal Views
Kitchen
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- <<microwave>>
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Laundry
- Dryer
- Washer
Home Security
- Monitored
- Complete Accordion Shutters
Parking
- 4 Car Attached Garage
- Off-Street Parking
Outdoor Features
- In Ground Pool
- Davits
- Dock made with concrete
- Balcony
- Screened Patio
- Lanai
- Outdoor Storage
- Tiki or Chickee Hut
Utilities
- Central Air
- Cooling System Mounted To A Wall/Window
- Public Hookup Available For Sewer
Listing and Financial Details
- Minimum Rental Period: 7
- Assessor Parcel Number 00075020-000000
Community Details
Overview
- No Home Owners Association
- Key Colony Beach Subdivision
Amenities
- Clubhouse
Recreation
- Beach
- Bike Trail
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 17, 2024
Closed on
Dec 20, 2024
Sold by
Aquino Ricardo U and Lazy Dayz Llc
Bought by
Cuda Man Llc
Seller's Agent
Gregg Powers
Keller Williams Key West Compass Realty
Buyer's Agent
Erin Voelliger
Ocean Sotheby's International
List Price
$1,990,000
Sold Price
$1,950,000
Premium/Discount to List
-$40,000
-2.01%
Views
8
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$120,779
Avg. Annual Appreciation
-9.71%
Original Mortgage
$1,462,500
Outstanding Balance
$1,458,723
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$379,054
Purchase Details
Closed on
Sep 14, 2023
Sold by
571 8Th Street Llc
Bought by
Aquino Ricardo U and Lazy Dayz Llc
Purchase Details
Listed on
Feb 3, 2023
Closed on
Mar 27, 2023
Sold by
Lecompte Peter
Bought by
571 8Th Street Llc
Seller's Agent
David Grego
Island Breeze Realty, LLC
List Price
$1,780,000
Sold Price
$1,470,000
Premium/Discount to List
-$310,000
-17.42%
Views
205
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.15%
Purchase Details
Closed on
Apr 27, 2012
Sold by
Michels Kenneth
Bought by
Lecompte Peter
Purchase Details
Closed on
Apr 24, 2009
Sold by
Diehn Jan
Bought by
Michels Kenneth
Purchase Details
Closed on
Apr 29, 1998
Sold by
Morse Marilyn
Bought by
Michels Kenneth and Diehn Jan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.03%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 1, 1970
Bought by
Lecompte Peter
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,950,000 | None Listed On Document | |
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $1,470,000 | -- | |
| Warranty Deed | $568,700 | Attorney | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $286,000 | -- | |
| Deed | $5,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,462,500 | New Conventional | |
| Previous Owner | $500,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $150,000 | Credit Line Revolving | |
| Previous Owner | $105,000 | New Conventional | |
| Previous Owner | $170,000 | New Conventional | |
| Previous Owner | $90,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/20/2024 12/20/24 | Sold | $1,950,000 | -2.0% | $879 / Sq Ft |
| 10/17/2024 10/17/24 | For Sale | $1,990,000 | +35.4% | $897 / Sq Ft |
| 03/28/2023 03/28/23 | Sold | $1,470,000 | -1.7% | $663 / Sq Ft |
| 02/27/2023 02/27/23 | Pending | -- | -- | -- |
| 02/17/2023 02/17/23 | Price Changed | $1,495,000 | -9.3% | $674 / Sq Ft |
| 02/10/2023 02/10/23 | Price Changed | $1,649,000 | -7.4% | $743 / Sq Ft |
| 02/03/2023 02/03/23 | For Sale | $1,780,000 | -- | $803 / Sq Ft |
Source: Marathon and Lower Keys Association of REALTORS®
Tax History Compared to Growth
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 | $11,301 | $1,205,885 | $862,125 | $343,760 |
| 2023 | $11,301 | $1,215,484 | $862,125 | $353,359 |
| 2022 | $10,257 | $1,094,729 | $643,500 | $451,229 |
| 2021 | $9,377 | $872,992 | $462,000 | $410,992 |
| 2020 | $8,203 | $752,524 | $332,063 | $420,461 |
| 2019 | $8,219 | $754,222 | $327,938 | $426,284 |
| 2018 | $7,900 | $752,248 | $327,938 | $424,310 |
| 2017 | $6,495 | $666,464 | $0 | $0 |
| 2016 | $6,456 | $628,067 | $0 | $0 |
| 2015 | $6,378 | $619,013 | $0 | $0 |
| 2014 | $6,549 | $620,658 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Gregg Powers
G
Seller's Agent in 2024
Gregg Powers
Keller Williams Key West Compass Realty
(206) 264-0600
16 Total Sales
-
Robin Nilsson
Seller Co-Listing Agent in 2024
Robin Nilsson
Keller Williams Key West Compass Realty
(941) 473-7399
27 Total Sales
-
Erin Voelliger
Buyer's Agent in 2024
Erin Voelliger
Ocean Sotheby's International
3 Total Sales
-
David Grego
Seller's Agent in 2023
David Grego
Island Breeze Realty, LLC
(305) 481-1296
253 Total Sales
Map
Source: Marathon and Lower Keys Association of REALTORS®
MLS Number: 603884
APN: 00075020-000000
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