NOT LISTED FOR SALE

701 8th St Key Colony Beach, FL 33051

Estimated Value: $3,585,702 - $4,843,000

9 Beds
8 Baths
7,642 Sq Ft
$540/Sq Ft Est. Value

Last Sold February 01, 2021

Last sale price $2,600,000 $340 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $25,098/month

152 Days on Market

Highlights

  • Beach
  • Dock made with concrete
  • Boat Lift
  • Coral Shores High School Rated A
  • Detached Guest House
  • Tennis Courts

About This Home

As of February 2021

230' of deepwater dock on a 100' wide canal is yours at this Key Colony Beach gated estate, situated on almost a half acre of waterfront. Perfect as a corporate retreat, huge family compound or as an investment as a weekly vacation rental. Can be licensed to rent to 20 people, $200K income per year projected, ask for details. The main house was built in 2001 and has 5 bedrooms, 4 baths, two living areas and covered porches to enjoy Keys living. Heated pool with spa, garage and workshop with direct access to the dock area. Attached caretaker's/staff house with 2 bedrooms and 1 bath with its own entrance. The guest house was built by Ryder Construction in 2011 and has 2 bedrooms, 3 baths, an anglers room (which could be converted into more bedrooms or living space) and covered porches.

Last Listed By

Amy Puto

Coldwell Banker Schmitt Real Estate Co. License #3012615 Listed on: 07/08/2020

Coldwell Banker Schmitt Real Estate Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,921

Year Built

  • Built in 2001 | Remodeled

Lot Details

  • 0.48 Acre Lot
  • Home fronts a canal
  • Fenced
  • Fruit Trees
  • Property is zoned R-2A - Key Colony Two Family

Property Views

  • Harbor
  • Lake
  • Canal

Home Design

  • Metal Roof

Interior Spaces

  • 7,642 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • French Doors
  • Entrance Foyer
  • Workshop
  • Storage
  • Tile Flooring

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Walk-In Closet
  • Maid or Guest Quarters
  • 8 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Monitored
  • Complete Accordion Shutters
  • Fire and Smoke Detector

Parking

  • 4 Car Garage
  • Automatic Garage Door Opener
  • Guest Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Boat Lift
  • Dock made with concrete
  • Tennis Courts
  • Balcony
  • Exterior Lighting

Additional Homes

  • Detached Guest House

Utilities

  • Central Air
  • Heat Pump System
  • Separate Meters
  • Whole House Permanent Generator
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00075090-000000

Community Details

Overview

  • No Home Owners Association
  • Key Colony Bch 1St Addn Amd Plat Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Recreation

  • Beach
  • Tennis Courts
  • Bike Trail

Security

  • Building Security System

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,921

Year Built

Built in 2001 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 6
  • Dockage Dock: Concrete
  • Dockage Dock Length: 230
  • Fee Includes: None
  • Handicap Access: No
  • Key Island: Key Colony
  • Limited Representation: No
  • Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
  • Mile Marker: 53.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Other Area Features, Tennis Courts, Fire Hydrant, Bike Paths
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 21920.73
  • Title: Title Ins - Buyer
  • Vehicle Storage: Auto Door Opener, Off Street Parking, Garage, Guest Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 2001
  • Alternate Key Number: 1080560
  • Cooling Heating: Ceiling Fans(s), Heat Pump, Central Air
  • Lot Sq Ft: 20800.00
  • Pool Info: Concrete, In Ground, Decked
  • Porch Balcony: Open Porch/Balcony
  • Shutters: Accordion
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 7642.00
  • Pre Wired: Cable
  • Specialty Rooms Guest Servant Qtrs: Legal
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cathedral Ceilings, Window Treatments, Security System, Walk-in Closet(s), Storage, Smoke Alarms, Entrance Foyer, Granite Counter Top
  • Total Bathrooms: 8.00
  • Full Bathrooms: 8
  • Appliances: Dishwasher, Oven, Washer, Refrigerator, Range, Dryer
  • Floor: Tile
  • Specialty Rooms: Laundry Room, Workshop
  • Windows/Doors: Aluminum Windows, French Doors
  • Total Bedrooms: 9
  • Accessibility Features: None

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Detached Guest Qtrs, Fencing, Outdoor Shower, Lighting, Hot Tub, Fruit Tree(s)
  • Roof: Metal Roof
  • Waterview: Canal View, Lake View, Harbor/Marina View
  • Pool: Yes

Utilities

  • Security: On Premises System, Patrolled Area, Other
  • Utilities: Cable Available, Whole House Generatr, Municipal Sewer, Elect Separate Meter

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: AE
  • Parcel Number: 00075090-000000
  • Land Size: More than 1 Lot
  • Acres: 0.48

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2019

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2021 02/01/21 Sold $2,600,000 -10.2% $340 / Sq Ft
12/07/2020 12/07/20 Pending -- -- --
12/02/2020 12/02/20 Price Changed $2,895,000 -1.9% $379 / Sq Ft
10/17/2020 10/17/20 Price Changed $2,950,000 -1.5% $386 / Sq Ft
09/17/2020 09/17/20 Price Changed $2,995,000 -4.2% $392 / Sq Ft
08/12/2020 08/12/20 Price Changed $3,125,000 -2.0% $409 / Sq Ft
07/19/2020 07/19/20 Price Changed $3,190,000 -1.8% $417 / Sq Ft
07/08/2020 07/08/20 For Sale $3,250,000 -- $425 / 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
2024 $26,385 $2,870,126 $925,348 $1,944,778
2023 $26,385 $2,807,931 $925,348 $1,882,583
2022 $23,239 $2,334,910 $763,542 $1,571,368
Source: Public Records

Agents Affiliated with this Home

  • Amy Puto

    Seller's Agent in 2021

    Amy Puto

    Coldwell Banker Schmitt Real Estate Co.

    (305) 766-1745

    303 Total Sales

    Amy Puto
    Section Image
  • Lela Ashkarian

    Buyer's Agent in 2021

    Lela Ashkarian

    Coldwell Banker Schmitt Real Estate Co.

    (305) 743-5181

    278 Total Sales

    Lela Ashkarian
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 591604

Florida Keys Board of REALTORS®

APN: 00075090-000100

Florida Monroe County Key Colony Beach

701 8th St, Key Colony Beach, FL

Homes for Sale in Key Colony Beach, FL

This home is located at 701 8th St, Key Colony Beach, FL 33051 since 08 July 2020 and is currently estimated at $4,130,234, approximately $540 per square foot. This property was built in 2001. 701 8th St is a home located in Monroe County with nearby schools including Stanley Switlik Elementary School, Marathon Middle High School, and Coral Shores High School.

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.

Florida Keys Board of REALTORS® 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.