NOT LISTED FOR SALE

Estimated Value: $3,669,350 - $4,985,000

6 Beds
5.5 Baths
3,414 Sq Ft
$1,275/Sq Ft Est. Value

Last Sold August 03, 2023

Last sale price $8,700,000 $2,548 Per Sq Ft

Est. 50% decrease in value since last sale

Current estimated payment $26,055/month

282 Days on Market

Highlights

  • Additional Residence on Property
  • 201 Feet of Public Beach Waterfront
  • In Ground Pool
  • Laurel Nokomis School Rated A-
  • Water access To Gulf or Ocean
  • Fishing

About This Home

As of August 2023

Under contract-accepting backup offers. DO NOT CONTACT SELLER. TEMPORARILY OFF MARKET. Discover your very own "Shangri-la", on one of the most desirable beaches along the West Coast of Florida. Casey Key is where this private beachfront estate awaits your arrival. A once-in-a-lifetime opportunity to purchase just shy of 2 acres and over 200 lineal feet of direct gulf coast frontage. This exclusive paradise comprises two beautifully maintained residences. The main house is a 4 bedroom/4 bathroom home that was completely renovated in recent years from top to bottom while maintaining its original island cottage charm. Walk across the luxurious grounds to the remodeled guest beach house, a two-bedroom coastal charmer. Both beach houses' have fantastic ocean views from rooms throughout, with interiors that ooze a relaxed island vibe. The look and feel is achieved through the use of soft colors and high-performance materials designed to be sun and mildew-resistant; but, the absolute best is yet to come... as the land and grounds in and of themselves make this the preeminent property on Casey Key. A just-completed expansive renovation to the property landscaping in 2022, the owner created a picturesque lush botanical oasis with landscape designs that look straight off the cover of a magazine. As you walk the grounds covered in Celebration Bermuda sod, you will notice that the lush tropical retreat reminds you of a 5-star resort. Outdoor elements to this property include two saltwater pools and multiple outdoor living areas, including but not limited to a Gazebo, a pavilion, a pergola, three car garage, and outdoor storage shed. This is all infused with the soothing sounds and beauty of the emerald green Gulf of Mexico, where large pods of dolphins are frequently seen. And nothing defines happiness more than relaxing from your hammocks set between the beautiful oceanside palms or enjoying one of the most sought-after sunset views in the world. See this one-of-a-kind property in person and prepare to be amazed.

Last Agent to Sell the Property

Cole Collins

COLDWELL BANKER REALTY License #3385219 Listed on: 09/12/2022

COLDWELL BANKER REALTY

Last Buyer's Agent

Brian Corcoran

THE BRC GROUP, LLC License #3092529

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,737

Year Built

  • Built in 1949

Lot Details

  • 1.87 Acre Lot
  • 201 Feet of Public Beach Waterfront
  • 201 Feet of Private Beach Waterfront
  • Property fronts gulf or ocean
  • East Facing Home
  • Oversized Lot
  • Irrigation
  • Additional Parcels
  • Property is zoned RE2

Parking

  • 3 Car Garage

Property Views

  • Beach
  • Full Gulf or Ocean

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Built-Up Roof

Interior Spaces

  • 3,414 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Family Room Off Kitchen
  • Living Room

Kitchen

  • Built-In Convection Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Solid Surface Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Outdoor Shower
  • Outside Bathroom Access
  • Pool Lighting

Outdoor Features

  • Water access To Gulf or Ocean
  • Property is near a marina
  • Exterior Lighting
  • Gazebo
  • Outdoor Storage
  • Outdoor Grill
  • Rain Gutters

Additional Homes

  • Additional Residence on Property

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Thermostat
  • Natural Gas Connected
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • Casey Key Community
  • Casey Key Subdivision

Recreation

  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,737

Year Built

Built in 1949

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Wood Frame, Wood Frame
  • Fireplace: Yes
  • Living Area: 3414
  • Lot Size Acres: 1.87
  • New Construction: No
  • Year Built: 1949
  • Lot Size Sq Ft: 81619
  • Status: Sold
  • Ownership: Fee Simple
  • Escrow State: FL
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 2548.33
  • Total Acreage: 1 to less than 2
  • Water Access YN: 1
  • Water Frontage Feet Beach: 201
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Hardwood, Other, Tile, Wood
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Interior Amenities: Built-in Features, Cathedral Ceiling(s), Ceiling Fans(s), Kitchen/Family Room Combo, Open Floorplan, Other, Solid Surface Counters, Thermostat
  • Appliances Included: Built-In Oven, Convection Oven, Dishwasher, Dryer, Microwave, Other, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 6
  • Levels: One
  • Spa Features: Heated, In Ground, Other
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 317.17

Exterior Features

  • Direction Faces: East
  • Other Structures: Additional Single Family Home, Gazebo, Storage
  • Pool Features: In Ground, Lighting, Other, Outside Bath Access
  • Exterior Features: Irrigation System, Lighting, Other, Outdoor Grill, Outdoor Shower, Rain Gutters
  • Roof: Built-Up
  • Pool Private: Yes
  • View: Water
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Water Access: Beach,Gulf/Ocean
  • Water View: Beach,Gulf/Ocean - Full
  • Water View YN: 1
  • Waterfront Feet Total: 201
  • Flood Zone Panel: 12115C0238F
  • Water Frontage Feet Beach Prvt: 201

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Connected, Other, Public, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Cooling: Central Air
  • Heating: Central, Natural Gas
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Fishing, Water Access, Waterfront
  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: RE2
  • Parcel Number: 0168100013
  • Additional Parcels: Yes
  • Lot Features: Near Marina, Oversized Lot
  • Flood Zone Code: VE

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 0

Tax Info

  • Tax Annual Amount: 29737
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Beach Front, Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2022
Closed on
Aug 3, 2023
Sold by
Hutcheson Kathryn
Bought by
Hedrick Ronnie E
Seller's Agent
Cole Collins
COLDWELL BANKER REALTY
Buyer's Agent
Brian Corcoran
THE BRC GROUP, LLC
List Price
$13,000,000
Sold Price
$8,700,000
Premium/Discount to List
-$4,300,000
-33.08%
Views
131
Current Estimated Value
$4,353,450

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,346,550
Avg. Annual Appreciation
-24.88%
Original Mortgage
$4,455,000
Outstanding Balance
$4,337,313
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$16,137

Purchase Details

Closed on
Feb 7, 2020
Sold by
Brian William A and Brian Donna A
Bought by
Hutcheson Kathryn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hedrick Ronnie E $4,525,000 None Listed On Document
Hutcheson Kathryn $3,500,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hedrick Ronnie E $4,455,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2023 08/03/23 Sold $8,700,000 0.0% $2,548 / Sq Ft
06/22/2023 06/22/23 Pending -- -- --
06/02/2023 06/02/23 Off Market $8,700,000 -- --
02/16/2023 02/16/23 Price Changed $11,500,000 -11.5% $3,368 / Sq Ft
09/12/2022 09/12/22 For Sale $13,000,000 -- $3,808 / Sq Ft
Source: Stellar MLS

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 $39,474 $3,427,000 $2,746,200 $680,800
2024 $39,045 $3,394,300 $2,716,600 $677,700
2023 $39,045 $3,698,600 $2,811,000 $887,600
2022 $33,980 $3,054,100 $2,316,600 $737,500
2021 $29,737 $2,413,800 $1,901,400 $512,400
2020 $28,696 $2,276,400 $1,783,900 $492,500
2019 $27,024 $2,152,500 $1,783,900 $368,600
2018 $32,482 $2,625,100 $2,243,600 $381,500
2017 $29,532 $2,309,100 $1,974,600 $334,500
2016 $26,183 $2,004,300 $1,828,300 $176,000
2015 $26,057 $2,003,800 $1,877,300 $126,500
2014 $26,261 $1,533,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4546715

Stellar MLS

APN: 0168-10-0013