NOT LISTED FOR SALE

701 Spanish Main Dr Unit 223 Cudjoe Key, FL 33042

Estimated Value: $308,000 - $641,000

0.05 Acre
$9,603,808 Price per Acre
2,263 Sq Ft Lot

Last Sold February 14, 2022

Last sale price $535,000 $719 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $3,284/month

3 Days on Market

Highlights

  • Ocean View
  • Dock made with concrete
  • Gated with Attendant
  • Boat Ramp
  • Tennis Courts
  • 1-minute walk to Loop Road

About This Lot

As of February 2022

OPEN WATER VIEWS with 55' concrete seawall! Oceanside access to Kemp Channel and back country. Approval for modular or manf. home, no ROGO. Fantastic tropical breezes, large oversized lot with large concrete pad. Lots of room on this lot for outdoor enjoyment with sun and shade, and very quiet location. Park amenities to include heated pool, jacuzzi, marina, boat ramps, store, fuel dock, tennis, basketball, playground, rec hall, activities and more! A fun place for all ages. Wide paved street Venture Out at Cudjoe Cay is a private and individually owned residential condominium community. We are a community with 24 hr. gated security and patrol, two pets are allowed, no age restrictions, and transient rentals are permitted. There is an abundance of amenities; heated pool, hot tub, marina with ship store, fuel dock, two boat ramps, fish cleaning & water rinse down station, two tennis courts, bocce ball, two pickleball courts, basketball, playground rec hall, and pavilion. Over 4 miles of wide paved streets, owner's storage lot and overflow parking. Lots of activities from yoga, pool aerobics, to pancake breakfast on Saturday, church and bingo! So much to do! Never have to leave! It's your time to find your Happy Place!

Last Agent to Sell the Property

Trish 'Roy' Brummer

Prestige Realty BPK Listed on: 01/20/2022

Co-Listed By

Aile Valdes

Waterfront Keys Realty Inc. License #3379030

Last Buyer's Agent

Trish Roy

Prestige Realty SGL Key

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,648

Lot Details

  • 2,263 Sq Ft Lot
  • Lot Dimensions are 20 x 70 x 55
  • Home fronts a canal
  • Cleared Lot
  • Property is zoned URML-L - Urban Res Mobile Home Limited Dist

HOA Fees

  • $283 Monthly HOA Fees

Parking

  • Electric Gate

Property Views

  • Ocean
  • Canal

Accessible Home Design

  • Handicap Accessible

Utilities

  • Underground Utilities
  • Electricity To Lot Line

Listing and Financial Details

  • Assessor Parcel Number 00188681-022500

Community Details

Overview

  • Venture Out Subdivision
  • The community has rules related to deed restrictions

Amenities

  • Clubhouse

Recreation

  • Boat Ramp
  • Tennis Courts
  • Community Pool
  • Community Spa
  • Seawall
  • Boat Ramp
  • Dock made with concrete
  • Tennis Courts

Security

  • Gated with Attendant
  • Resident Manager or Management On Site

Property Details

Property Type

Land

Est. Annual Taxes

$2,648

Lot Details

0

HOA Fees

$283 per month

Listing Details

  • Property Type: Lots and Land
  • As Is Right To Inspect: Yes
  • Auction Information: No
  • Control Depth: 3
  • Dockage Dock: Concrete
  • Dockage Dock Length: 55
  • Dockage Seawall: Concrete
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Cudjoe Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 23.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Clubhouse, Spa, Other Area Features, Fire Hydrant, Handicap Facilities, Manager on Premises, Community Boat Ramp, Community Pool, Tennis Courts
  • Off Shore Island: No
  • Property Group I D: 19990816212131825981000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 2648.07
  • Title: Title Ins - Buyer
  • Alternate Key Number: 1242888
  • Lot Sq Ft: 2263.00
  • Species List: Yes
  • First Right of Refusal: No
  • Association Fee: 847.88
  • Association Maintenance Fee Per: Quarterly
  • Mandatory HOA: Yes
  • Existing Utilities: Undergrnd Utilities, Other Utilities, Water Meter, Water Line, Sewer, Electric on Site, Street Lights
  • Location Site: Paved Street, Cleared Site, Water Frontage
  • Lot Dimensions: 20 x 70 x 55
  • Miscellaneous Info Mobile Home Lot: No
  • Miscellaneous Info Recorded Plat: Yes
  • Miscellaneous Info R V Lot: Yes
  • R O G O Exempt: Yes
  • Tax Exemptions: None
  • Water Main Inquiry File: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Dockage: Boat Ramp
  • Waterfront: Canal Front, Open Water
  • Waterfront: Yes
  • Waterview: Canal View, Ocean View, Open Water View

Utilities

  • Security: Electric Gate, Patrolled Area, Manned Gate

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: VE
  • Parcel Number: 00188681-022500
  • Land Size: Less Than 1/4 Acre
  • Building Permit: No Permit
  • Total Lots: 1.00

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2022
Closed on
Feb 14, 2022
Sold by
Wightman Fred D
Bought by
Smith Richard C and Smith Janice B
Seller's Agent
Trish 'Roy' Brummer
Prestige Realty BPK
Buyer's Agent
Trish 'Roy' Brummer
Prestige Realty BPK
List Price
$569,000
Sold Price
$535,000
Premium/Discount to List
-$34,000
-5.98%
Current Estimated Value
$499,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$35,602
Avg. Annual Appreciation
-1.84%

Purchase Details

Closed on
Apr 18, 2002
Sold by
Brown Trust C
Bought by
Wightman Fred D and Wightman Verda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 1998
Sold by
Brown Gary D and Brown Joann
Bought by
Brown Gary D and Brown Joann

Purchase Details

Closed on
May 21, 1996
Sold by
Coutsolioutsos Demetrios S
Bought by
Brown Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,400
Interest Rate
7.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 1989
Bought by
Wightman Fred D and Wightman Verda Jay

Purchase Details

Closed on
Feb 1, 1983
Bought by
Wightman Fred D and Wightman Verda Jay

Purchase Details

Closed on
Feb 1, 1979
Bought by
Wightman Fred D and Wightman Verda Jay
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Smith Richard C $535,000 True Title Agency
Wightman Fred D $245,000 --
Brown Gary D $100 --
Brown Gary $162,000 --
Wightman Fred D $115,000 --
Wightman Fred D $75,000 --
Wightman Fred D $23,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brown Gary $196,000
Previous Owner Brown Gary $122,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2022 02/14/22 Sold $535,000 -6.0% $719 / Sq Ft
01/23/2022 01/23/22 Pending -- -- --
01/20/2022 01/20/22 For Sale $569,000 -- $765 / 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 $4,579 $460,894 $421,851 $39,043
2023 $4,579 $451,374 $411,531 $39,843
2022 $2,889 $287,930 $247,283 $40,647
2021 $2,648 $211,888 $190,849 $21,039
2020 $2,218 $205,016 $0 $0
2019 $2,176 $200,407 $0 $0
2018 $2,175 $196,671 $0 $0
2017 $2,490 $231,475 $0 $0
2016 $2,496 $185,332 $0 $0
2015 $2,562 $183,650 $0 $0
2014 $2,840 $201,879 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 599260

Florida Keys Board of REALTORS®

APN: 00188681-022500