NOT LISTED FOR SALE

62 Bay Dr Key West, FL 33040

Estimated Value: $1,899,010 - $2,180,000

3 Beds
2.5 Baths
1,904 Sq Ft
$1,071/Sq Ft Est. Value

Sale Details

Date Sold: April 6, 2018

Last sale price $1,035,000 $544 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $11,598 / mo

81 Days on Market

Highlights

  • Dock made with wood
  • Tennis Courts
  • Gulf View
  • Property Fronts a Bay or Harbor
  • RV or Boat Parking
  • 1-minute walk to Marathon Rotary Park

About This Home

As of April 2018

Beautiful sunset views from this 3BD/2.5BA open water home nestled on a tropically landscaped 20,000 sf lot! This custom built Glenn Gray designed home includes a colossal wrap-around porch, custom Kitchen with stainless appliances & breakfast bar, two-story Living Room, spacious Bedrooms and upstairs Master Suite complete with Study & private balcony. Enjoy panoramic open water views from all angles of the house, especially from the widow's walk. Private dock provides easy access for all of your water activities. 2-Car oversized garage for all of your toys. Located just minutes from the magic of Key West!

Last Agent to Sell the Property

Lisa Ferringo

Coldwell Banker Schmitt Real Estate Co License #605677 Listed on: 11/29/2017

Coldwell Banker Schmitt Real Estate Co

Last Buyer's Agent

Terri Spottswood

Truman & Co. (KW) License #161619

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,245

Year Built

  • Built in 1992

Lot Details

  • 19,900 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Property is zoned IS - Improved Subivision District

Home Design

  • Widow's Walk
  • Metal Roof
  • HardiePlank Siding
  • Stucco

Interior Spaces

  • 1,904 Sq Ft Home
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Blinds
  • Sliding Doors
  • Loft
  • Storage
  • Laundry Room
  • Gulf Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Home Security

  • Complete Roll Down Shutters
  • Fire and Smoke Detector

Parking

  • Garage
  • Guest Parking
  • Off-Street Parking
  • RV or Boat Parking

Outdoor Features

  • Dock made with wood
  • Tennis Courts
  • Balcony
  • Outdoor Storage

Utilities

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

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00160610-000000

Community Details

Overview

  • No Home Owners Association
  • Bay Point Amd & 1St Subdivision
  • Rental Restrictions
  • RV Parking in Community

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,245

Year Built

Built in 1992

Lot Details

0.46 Acres

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Dock: Wood
  • Dockage Fixed Bridge Height: 10
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Saddlebunch
  • Limited Representation: No
  • Mile Marker: 15.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Tennis Courts, Other Area Features
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 5244.96
  • Title: Negotiable
  • Vehicle Storage: Garage, Trailer Storage, Covered Parking, RV Parking Open, Off Street Parking, Guest Parking
  • Year Built: 1992
  • Alternate Key Number: 1206181
  • Cooling Heating: Central Air, Heat, Ceiling Fans(s)
  • Lot Sq Ft: 19900.00
  • Porch Balcony: Open Porch/Balcony, Widow's Walk
  • Shutters: Roll Down Manual
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1904.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Sky Light(s), Bar, Walk-in Closet(s), Storage, Smoke Alarms, Pantry, Split Bedroom, Cathedral Ceilings
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator
  • Floor: Tile, Carpet
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room, Loft
  • Windows/Doors: Sliding Glass Doors
  • Total Bedrooms: 3

Exterior Features

  • Waterfront: Bay Front, Open Water
  • Waterfront: Yes
  • Construction: Stucco, Hardi Board Siding
  • Exterior Features: Storage
  • Roof: Metal Roof
  • Waterview: Bay/Gulf View, Open Water View
  • Pool: No

Utilities

  • Utilities: FKAA, Cable Available, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE,VE
  • Parcel Number: 00160610-000000
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.46

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2017
Closed on
Apr 9, 2018
Sold by
Engel Family Trust
Bought by
Buckheim Richard Albert and Buckheim Su
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt Real Estate Co
Buyer's Agent
Terri Spottswood
Truman & Co. (KW)
List Price
$1,199,000
Sold Price
$1,035,000
Premium/Discount to List
-$164,000
-13.68%
Current Estimated Value
$2,038,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,003,503
Avg. Annual Appreciation
8.72%

Purchase Details

Listed on
Nov 29, 2017
Closed on
Apr 6, 2018
Sold by
Engel Rainer
Bought by
Bailey Susan Helen and Richard Albert Buckheim And Susan Helen
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt Real Estate Co
Buyer's Agent
Terri Spottswood
Truman & Co. (KW)
List Price
$1,199,000
Sold Price
$1,035,000
Premium/Discount to List
-$164,000
-13.68%

Purchase Details

Closed on
Jul 13, 2015
Sold by
Engel Rainer M E and Engel Dorothy E
Bought by
Engel Family Trust

Purchase Details

Closed on
Aug 1, 1989
Bought by
Engel Family Trust 12/5/2014
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

Date Buyer Sale Price Title Company
Buckheim Richard Albert $1,035,000 None Listed On Document
Buckheim Richard Albert $100 None Listed On Document
Buckheim Richard Albert $100 None Listed On Document
Buckheim Richard Albert $100 None Listed On Document
Bailey Susan Helen -- Attorney
Balley Susan Helen -- Attorney
Engel Family Trust -- Attorney
Engel Family Trust 12/5/2014 $80,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2018 04/06/18 Sold $1,035,000 -13.7% $544 / Sq Ft
02/18/2018 02/18/18 Pending -- -- --
11/29/2017 11/29/17 For Sale $1,199,000 -- $630 / Sq Ft
Source: Marathon and Lower Keys Association of REALTORS®

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 $8,594 $1,025,126 -- --
2024 $8,290 $996,236 -- --
2023 $8,290 $967,220 $0 $0
2022 $8,065 $939,049 $0 $0
2021 $8,354 $911,699 $0 $0
2020 $8,318 $899,112 $0 $0
2019 $8,162 $878,898 $588,642 $290,256
2018 $8,837 $885,020 $581,876 $303,144
2017 $5,207 $550,580 $0 $0
2016 $5,245 $539,256 $0 $0
2015 $5,399 $535,507 $0 $0
2014 $5,580 $531,257 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Ferringo

    Seller's Agent in 2018

    Lisa Ferringo

    Coldwell Banker Schmitt Real Estate Co

    (305) 797-1221

    605 Total Sales

    Lisa Ferringo
    Section Image
  • Terri Spottswood

    Buyer's Agent in 2018

    Terri Spottswood

    Truman & Co. (KW)

    (305) 587-3407

    236 Total Sales

    Terri Spottswood
    Section Image
  • John Spottswood

    Buyer Co-Listing Agent in 2018

    John Spottswood

    Truman & Co. (KW)

    (305) 395-2360

    207 Total Sales

    John Spottswood
    Section Image
See All Agents

Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 577641

APN: 00160610-000000

Florida Monroe County Key West 33040

62 Bay Dr, Key West, 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.

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.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.