$830,000
SOLD DEC 19, 2024
2 Beds
1 Bath
580 Sq Ft
5 Acres

Recently Sold

$1,431 Per Sq Ft

8% Below List Price

88 Days on Market

About This Home

As of December 2024

About this space:The Jewel of The Shipyard Annex in Truman AnnexCity of Key West Business License # 28224We hope you will enjoy this home where Ernest Hemingway and Jimmy Buffet memorabilia welcome you into the abode our first guest affectionately called 'The Writer's Retreat'.This two bedroom, one bath condo with bleached grey hardwood flooring throughout is highlighted by a massive 65 inch Plasma TV loaded with thousands of movies at your fingertips. Relax on the designer furniture while enjoying the full collection of Hemingway's books or lose yourself in The Master Bedroom retreat which has been luxuriously decorated with 1000 thread count bedding on the Romantic Canopy Bed with French doors leading out to a spacious rear patio overlooking the pool.The guest bedroom has two twin upgraded pillow top beds that can be converted to a King bed to accommodate a family or two couples. The King is stocked with a very thick down padding and luscious linens for maximum comfort. Enjoy the sounds of the keys or music of Buffet as the guest bedroom is decorated in tribute to the crooner and the island lifestyle detailed in framed sheet music.If staying in for the evening or fixing breakfast or lunch have fun in the 1950's themed state of the art kitchen equipped with an imported European SMEG Fridge and Stainless Appliances. Likewise, the bathroom has been decorated in an art deco style typical of an earlier time in the Keys.The front Family room area features a queen sleeper sofa bed with a down pad and bedding for extra sleeping space. All pillows and bedding are down and of high quality in order to provide maximum comfort on your stay. Quite simply, we designed this home to fit in with the Keys lifestyle. It is bright, open and lends itself to a vibe which we hope catapults you to a great stay in our beloved Keys.

Last Agent to Sell the Property

Darrin Smith

Key West Luxury Real Estate Inc (KW) License #3291885

Last Buyer's Agent

Robert Donahue

Key West Luxury Real Estate Inc (KW)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2024
Closed on
Dec 19, 2024
Sold by
Ostlund Vacation Properties Llc
Bought by
Jewell Of Shipyard Annex Llc
Seller's Agent
Darrin Smith
Key West Luxury Real Estate Inc (KW)
Buyer's Agent
Robert Donahue
Key West Luxury Real Estate Inc (KW)
List Price
$899,000
Sold Price
$830,000
Premium/Discount to List
-$69,000
-7.68%
Total Days on Market
88
Views
33
Current Estimated Value
$843,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,571
Avg. Annual Appreciation
4.36%

Purchase Details

Closed on
Jun 17, 2014
Sold by
Rose William V
Bought by
Rose William and Lehman Michelle M

Purchase Details

Closed on
Jan 21, 2014
Sold by
Ostlund Scott
Bought by
Ostlund Vacation Properties Llc

Purchase Details

Closed on
Jun 12, 2013
Sold by
Rose William A
Bought by
Ostlund Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
2.57%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 15, 2003
Sold by
Rose William A and Rose Elizabeth K
Bought by
Rose William A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
5.86%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 6, 2003
Bought by
Ostlund Vacation Properties Llc

Purchase Details

Closed on
Jun 15, 2001
Bought by
Ostlund Vacation Properties Llc

Purchase Details

Closed on
Jul 1, 1997
Bought by
Ostlund Vacation Properties Llc

Purchase Details

Closed on
Dec 23, 1996
Sold by
Pilaski Jorg
Bought by
Koritnik John

Purchase Details

Closed on
Jan 25, 1995
Sold by
Shouse Marcus D and Shouse Laura J
Bought by
Pilaski Jorg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,200
Interest Rate
9.24%

Purchase Details

Closed on
Nov 1, 1992
Bought by
Ostlund Vacation Properties Llc

Map

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,449

Year Built

1991

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Condo
  • First Right of Refusal: Yes
  • Association Fee: 1130.00
  • Mandatory HOA: Yes
  • Document Count: 3
  • Fee Includes: Cable, Security, Common Area Mnt, Building Insurance, Bldg Exterior Mnt
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Truman Annex
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 5448.55
  • Title: Title Ins - Buyer
  • Year Built: 1991
  • Alternate Key Number: 8802811
  • Pool Info: In Ground, Concrete
  • Association Maintenance Fee Per: Monthly
  • License Info Number Of City License: 1
  • License Info Number Of County License: 1
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 580.00
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Floor Number: 2.00
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Stainless Steel Appliance(s), Microwave, Oven, Refrigerator
  • Total Bedrooms: 2
  • Accessibility Features: Parking

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Security: Electric Gate, Patrolled Area
  • Utilities: FKAA, Cable Available, Elect Separate Meter, Water Separate Meter

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00013180-000286
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2023

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $830,000 None Listed On Document
Warranty Deed $830,000 None Listed On Document
Interfamily Deed Transfer -- Attorney
Warranty Deed -- None Available
Warranty Deed $440,000 None Available
Interfamily Deed Transfer $92,500 --
Quit Claim Deed $92,500 --
Warranty Deed $224,900 --
Warranty Deed $172,000 --
Deed $167,000 --
Warranty Deed $146,000 --
Warranty Deed $121,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $425,000 Commercial
Previous Owner $330,000 Future Advance Clause Open End Mortgage
Previous Owner $185,000 New Conventional
Previous Owner $85,000 Credit Line Revolving
Previous Owner $185,000 New Conventional
Previous Owner $102,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2024 12/19/24 Sold $830,000 -2.2% $1,431 / Sq Ft
12/16/2024 12/16/24 Pending -- -- --
09/27/2024 09/27/24 Price Changed $849,000 -5.6% $1,464 / Sq Ft
09/19/2024 09/19/24 For Sale $899,000 -- $1,550 / Sq Ft
Source: Key West 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
2024 $5,449 $656,028 -- $656,028
2023 $5,449 $628,442 $0 $628,442
2022 $4,851 $547,583 $0 $547,583
2021 $4,614 $478,090 $0 $478,090
2020 $4,597 $478,090 $0 $478,090
2019 $4,488 $461,664 $0 $461,664
2018 $4,355 $437,817 $0 $0
2017 $4,378 $432,583 $0 $0
2016 $4,514 $432,583 $0 $0
2015 $4,201 $379,088 $0 $0
2014 $4,358 $379,088 $0 $0
Source: Public Records

About the Listing Agent

Darrin Smith

Key West Luxury Real Estate Inc (KW)

(305) 849-8683

Section Image

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Source: Key West Association of REALTORS®

MLS Number: 611518

Key West Association of REALTORS®

APN: 00013180-000286