NOT LISTED FOR SALE

701 Spanish Main Dr Unit 303 Cudjoe Key, FL 33042

Estimated Value: $285,000 - $621,000

0.05 Acre
$7,973,333 Price per Acre
2,078 Sq Ft Lot

Last Sold May 16, 2024

Last sale price $340,000

Est. 13% increase in value since last sale

Current estimated payment $2,774/month

Highlights

  • Boat Ramp
  • Gated with Attendant
  • Community Pool
  • Tennis Courts
  • Clubhouse
  • 1-minute walk to Loop Road

About This Lot

As of May 2024

TRANSIENT RENTAL LICENSE w/ BUILDABLE RIGHTS! It doesn't get any closer to the POOL & MARINA than this! Pull thru lots are rare and hard to come by in the park, so don't miss out on this amazing opportunity! This full size 35 x 70 lot is also buildable for a 24 x 36 manufactured home. Features a double concrete pad & driveway, municipal sewer and water, electric (30, 50 and 110 service), plus cable and internet. Add landscaping the way you want it! There's always a tropical breeze in paradise on this lot, located just steps from open water. Fish right off the point by the Tiki Hut, no boat needed! Dual boat ramps with owner storage lot and overflow parking. Centrally located, you can enjoy all the common grounds in just seconds plus great neighbors to add! Venture Out at Cudjoe Cay is a private and individually owned residential condominium community located on the oceanside of Cudjoe Key. We are a gated community with 24 hr. security, two pets are allowed, no age restrictions, with transient rentals permitted. There is an abundance of amenities; heated pool, hot tub, marina, convenient 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 safe wide paved streets, owner's storage lot and overflow parking. Lots of planned events and activities from yoga, pool aerobics, to pancake breakfast, church and bingo! So much to do! Never have to leave! Isn't it time you found ''Your Happy Place''?

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,149

Lot Details

  • 2,078 Sq Ft Lot
  • Lot Dimensions are 35x70
  • Cleared Lot
  • Property is zoned URML-L - Urban Res Mobile Home Limited Dist

HOA Fees

  • $588 Monthly HOA Fees

Parking

  • Electric Gate

Accessible Home Design

  • Handicap Accessible

Utilities

  • Underground Utilities
  • Electricity To Lot Line

Listing and Financial Details

  • Assessor Parcel Number 00188681-030500

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

  • Boat Ramp
  • Tennis Courts
  • Community Pool
  • Tennis Courts

Security

  • Gated with Attendant
  • Resident Manager or Management On Site

Property Details

Property Type

Land

Est. Annual Taxes

$2,149

Lot Details

0

HOA Fees

$588 per month

Listing Details

  • Property Type: Lots and Land
  • As Is Right To Inspect: Yes
  • 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, 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: 2149.20
  • Title: Title Ins - Buyer
  • Alternate Key Number: 1243680
  • Lot Sq Ft: 2078.00
  • First Right of Refusal: No
  • Association Fee: 1762.98
  • Association Maintenance Fee Per: Quarterly
  • Mandatory HOA: Yes
  • Existing Utilities: Undergrnd Utilities, Water Meter, Water Line, Sewer, Electric on Site, Street Lights
  • Location Site: Paved Street, Cleared Site
  • Lot Dimensions: 35x70
  • Miscellaneous Info Mobile Home Lot: Yes
  • R O G O Exempt: Yes
  • Tax Exemptions: None
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Waterview: No Waterview

Utilities

  • Security: Electric Gate, Patrolled Area, Manned Gate

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: AE
  • Parcel Number: 00188681-030500
  • Land Size: Less Than 1/4 Acre
  • Building Permit: No Permit
  • Total Lots: 1.00

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2024
Closed on
May 16, 2024
Sold by
John A Marino Revocable Trust and Marino John A
Bought by
Nerges Leah S
List Price
$349,000
Sold Price
$340,000
Premium/Discount to List
-$9,000
-2.58%
Views
2
Current Estimated Value
$382,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,720
Avg. Annual Appreciation
8.51%

Purchase Details

Closed on
Mar 28, 2023
Sold by
Bowers Stanley R and Bowers Margery E
Bought by
John A Marino Revocable Trust

Purchase Details

Closed on
Dec 21, 2015
Sold by
Marino John A
Bought by
Bowers Stanley R and Bowers Margery E

Purchase Details

Closed on
Nov 19, 2014
Sold by
Marino John A
Bought by
Marino John A and John A Marino Revocable Trust

Purchase Details

Closed on
May 1, 2002
Sold by
Figley James R C
Bought by
Marino John A and Marino Beverly K

Purchase Details

Closed on
Feb 1, 1973
Bought by
Bowers Stanley R and Bowers Margery E
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
Nerges Leah S $340,000 None Listed On Document
John A Marino Revocable Trust -- --
John A Marino Revocable Trust -- None Listed On Document
Bowers Stanley R $500 None Available
Bowers Stanley R $500 Attorney
Marino John A -- Attorney
Marino John A -- Attorney
Marino John A $50,000 --
Bowers Stanley R $4,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2024 05/16/24 Sold $340,000 -2.6% --
04/18/2024 04/18/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $349,000 -- --
Source: Marathon and Lower Keys Association 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 $2,149 $251,274 $248,877 $2,397
2023 $2,149 $222,756 $220,313 $2,443
2022 $1,914 $166,643 $164,155 $2,488
2021 $1,773 $125,466 $122,932 $2,534
2020 $1,636 $100,498 $97,919 $2,579
2019 $1,665 $103,661 $101,036 $2,625
2018 $1,695 $107,342 $104,672 $2,670
2017 $1,577 $93,881 $0 $0
2016 $1,482 $89,824 $0 $0
2015 $1,424 $73,390 $0 $0
2014 $1,376 $63,330 $0 $0
Source: Public Records

Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 609654

APN: 00188681-030500