NOT LISTED FOR SALE

5960 Peninsular Ave Unit 109 Key West, FL 33040

Estimated Value: $1,372,000 - $1,665,000

3 Beds
2 Baths
1,352 Sq Ft
$1,200/mo HOA Fee

Last Sold November 29, 2021

Last sale price $1,275,000 $943 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $9,793/month

53 Days on Market

Highlights

  • Ocean Front
  • Deck
  • Stainless Steel Appliances
  • Concrete Pool
  • Granite Countertops
  • Balcony

About This Home

As of November 2021

Lavender, purple, magenta, emerald, milky baby blue, gemlike aquamarine. These are a few of the breathtaking colors you will experience while slumbering on your balcony of this beautiful 3 bedroom 2 bath Ocean front home. Designer kitchen with Meile appliances, granite counter tops, new cabinetry, custom lighting, and high end furnishings are just a few of the amenities. Located at a World class marina on the Atlantic Ocean, this newly renovated direct oceanfront home compares to none. Not only is this a luxurious property with many upgrades and amenities, it is also concrete construction with impact glass. This is a rare opportunity to own in the prestigious marina, with these types of views. Two coveted private parking spaces convey. This hidden oasis offers a large, heated pool and hot tub and is conveniently located next to Ocean's Edge Marina with plenty of yacht dockage. This rare opportunity will not last long!

Last Agent to Sell the Property

Rick Lively

Coldwell Banker Schmitt R.E. Listed on: 09/14/2021

Last Buyer's Agent

Richard Lively

Coldwell Banker Schmitt Real Estate Co. (KW) License #3025597

Coldwell Banker Schmitt Real Estate Co. (KW)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,742

Year Built

  • Built in 2003 | Remodeled

Lot Details

  • Ocean Front
  • Fenced

HOA Fees

  • $1,200 Monthly HOA Fees

Home Design

  • Metal Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 1,352 Sq Ft Home
  • 3-Story Property
  • Bar
  • Ceiling Fan
  • Sliding Doors
  • Entrance Foyer
  • Storage
  • Tile Flooring
  • Ocean Views

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 2 Parking Spaces
  • Carport
  • Electric Gate
  • Assigned Parking

Pool

  • Concrete Pool
  • In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Deck
  • Exterior Lighting

Utilities

  • Central Air
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00127430-000109

Community Details

Overview

  • Association fees include cable, security, building insurance, bldg exterior mnt
  • Oceanside Marina Subdivision
  • Rental Restrictions

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Impact Glass
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,742

Year Built

Built in 2003 | Remodeled

Lot Details

0

HOA Fees

$1,200 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 1200.00
  • Mandatory HOA: Yes
  • Fee Includes: Cable, Security, Building Insurance, Bldg Exterior Mnt
  • Key Island: Stock Island
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 5.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Spa
  • Off Shore Island: No
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 5742.09
  • Title: Negotiable
  • Vehicle Storage: Carport, Covered Parking, Assigned Parking
  • Vehicle Storage Cars: 2
  • Year Built: 2003
  • Alternate Key Number: 9053419
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Pool Info: In Ground, Concrete
  • Porch Balcony: Open Porch/Balcony, Deck
  • Association Maintenance Fee Per: Monthly
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 1352.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Interior Amenities: Split Bedroom, Built-in Cabinets, Bar, Window Treatments, Walk-in Closet(s), Storage, Fire Sprinkler, Granite Counter Top, Entrance Foyer, Pantry
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Freezer, Disposal, Microwave, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Windows/Doors: Sliding Glass Doors, Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Other Dockage, None
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: Concrete, Other
  • Exterior Features: Fencing, Outdoor Shower, Lighting, Hot Tub
  • Roof: Metal Roof, Other Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate, Other
  • Utilities: FKAA, Cable Available, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: VE,AE,VE,AE
  • Parcel Number: 00127430-000109
  • Land Size: 1 Less Than 2 Acres

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2021
Closed on
Nov 29, 2021
Sold by
Garritano Anthony and Garritano Denise
Bought by
New Horizon Real Estate Development Llc
Seller's Agent
Rick Lively
Coldwell Banker Schmitt R.E.
Buyer's Agent
Rick Lively
Coldwell Banker Schmitt R.E.
List Price
$1,389,000
Sold Price
$1,275,000
Premium/Discount to List
-$114,000
-8.21%
Current Estimated Value
$1,466,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,329
Avg. Annual Appreciation
3.47%

Purchase Details

Listed on
Jan 23, 2018
Closed on
May 11, 2018
Sold by
Oceanside 104 Llc
Bought by
Garritano Anthony and Garritano Denise
Seller's Agent
John Spottswood
Truman & Co. (KW)
Buyer's Agent
Rick Lively
Coldwell Banker Schmitt R.E.
List Price
$775,000
Sold Price
$737,500
Premium/Discount to List
-$37,500
-4.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.62%
Original Mortgage
$377,500
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 23, 2018
Closed on
May 10, 2018
Sold by
Oceanside 104 Llc
Bought by
Garritano Anthony and Garritano Denise
Seller's Agent
John Spottswood
Truman & Co. (KW)
Buyer's Agent
Rick Lively
Coldwell Banker Schmitt R.E.
List Price
$775,000
Sold Price
$737,500
Premium/Discount to List
-$37,500
-4.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,500
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2015
Sold by
Mentonis George and Mentonis Patricia
Bought by
Oceanside 104 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,750
Interest Rate
3.88%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 8, 2003
Bought by
Oceanside 104 Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
New Horizon Real Estate Development Llc $1,275,000 Attorney
Garritano Anthony $737,500 None Listed On Document
Garritano Anthony $737,500 None Listed On Document
Oceanside 104 Llc $605,000 Attorney
Oceanside 104 Llc $589,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garritano Anthony $377,500
Previous Owner Garritano Anthony $377,500
Previous Owner Oceanside 104 Llc $453,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/29/2021 11/29/21 Sold $1,275,000 0.0% $943 / Sq Ft
11/06/2021 11/06/21 Pending -- -- --
09/20/2021 09/20/21 Price Changed $1,275,000 -8.2% $943 / Sq Ft
09/14/2021 09/14/21 For Sale $1,389,000 +88.3% $1,027 / Sq Ft
05/11/2018 05/11/18 Sold $737,500 -4.8% $545 / Sq Ft View Prior Sale
05/10/2018 05/10/18 Pending -- -- --
01/23/2018 01/23/18 For Sale $775,000 -- $573 / 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 $11,193 $1,307,986 -- $1,307,986
2024 $10,492 $1,264,977 -- $1,264,977
2023 $10,492 $1,260,198 $0 $1,260,198
2022 $9,297 $1,043,048 $0 $1,043,048
2021 $5,770 $628,341 $0 $628,341
2020 $5,742 $619,666 $0 $619,666
2019 $5,786 $622,277 $0 $622,277
2018 $5,676 $589,541 $0 $0
2017 $4,982 $485,649 $0 $0
2016 $5,123 $485,649 $0 $0
2015 $5,312 $485,649 $0 $0
2014 $5,433 $475,904 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Rick Lively

    Coldwell Banker Schmitt R.E.

  • Richard Lively

    Buyer's Agent in 2021

    Richard Lively

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 797-7233

    8 in this area

    70 Total Sales

    Richard Lively
    Section Image
  • John Spottswood

    Seller's Agent in 2018

    John Spottswood

    Truman & Co. (KW)

    (305) 395-2360

    5 in this area

    294 Total Sales

    John Spottswood
    Section Image
  • Terri Spottswood

    Seller Co-Listing Agent in 2018

    Terri Spottswood

    Truman & Co. (KW)

    (305) 587-3407

    6 in this area

    315 Total Sales

    Terri Spottswood
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 597732

Florida Keys Board of REALTORS®

APN: 00127430-000109

Florida Monroe County Key West 33040

5960 Peninsular Ave Unit 109, Key West, FL

Not Listed for Sale

Condos

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