NOT LISTED FOR SALE

701 Spanish Main Dr Unit 384 Cudjoe Key, FL 33042

Estimated Value: $394,000 - $599,000

0.05 Acre
$10,123,585 Price per Acre
2,308 Sq Ft Lot

Last Sold December 07, 2020

Last sale price $375,000

Est. 43% increase in value since last sale

Current estimated payment $3,523/month

149 Days on Market

Highlights

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

About This Lot

As of December 2020

Premier oceanfront RV/Buildable lot with transient rental license. Deep water boating access to ocean or gulf, idea for larger boats. Oversized point property with oversized 54' concrete seawall equipped with heavy duty dock posts, cleats, whips, fish table and swim ladder. Currently on our vacation rental program, rents for $3,300/month in season. The community offers 24 hr. gated security, heated pool, hot tub, pickleball, tennis, marina and boat ramp, ship store, bocce, basketball, club house, playground. Over 4 miles of wide paved roads, 5 bath houses, safe biking/walking streets, pavilion and numerous activities. All age friendly, two pets allowed and condo fees are 798.45/quarter. Bank financing is available. Call for more details.

Last Agent to Sell the Property

Trish 'Roy' Brummer

Prestige Realty BPK Listed on: 06/09/2020

Last Buyer's Agent

Christopher Santry

Last Key Realty, Inc (KW) License #3214474

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,744

Lot Details

  • 2,308 Sq Ft Lot
  • Lot Dimensions are 54 x 74 x 20 x 60
  • Ocean Front
  • Cleared Lot
  • Property is zoned URML-L - Urban Res Mobile Home Limited Dist

HOA Fees

  • $266 Monthly HOA Fees

Parking

  • Electric Gate

Utilities

  • Underground Utilities
  • Electricity To Lot Line

Additional Features

  • Ocean Views
  • Handicap Accessible

Listing and Financial Details

  • Assessor Parcel Number 00188681-038600

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
  • Dock made with concrete
  • Tennis Courts

Security

  • Gated with Attendant
  • Resident Manager or Management On Site

Property Details

Property Type

Land

Est. Annual Taxes

$3,744

Lot Details

0

HOA Fees

$266 per month

Listing Details

  • Property Type: Lots and Land
  • As Is Right To Inspect: Yes
  • Control Depth: 4
  • Dockage Dock: Concrete
  • Dockage Dock Length: 54
  • 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
  • Property Rights: Transient License
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 3743.91
  • Title: Title Ins - Buyer
  • Alternate Key Number: 1244481
  • Lot Sq Ft: 2308.00
  • Species List: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Association Fee: 798.45
  • Association Maintenance Fee Per: Quarterly
  • Mandatory HOA: Yes
  • Voluntary HOA: No
  • 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: 54 x 74 x 20 x 60
  • Miscellaneous Info Mobile Home Lot: Yes
  • Miscellaneous Info Recorded Plat: Yes
  • Miscellaneous Info R V Lot: Yes
  • R O G O Exempt: Yes
  • Survey Available: Yes
  • Tax Exemptions: None
  • Vegetation Survey: No
  • Water Main Inquiry File: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront: Oceanfront
  • Waterfront: Yes
  • Waterview: Open Water View, Ocean View

Utilities

  • Security: Electric Gate, Patrolled Area, Manned Gate

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: VE,VE
  • Parcel Number: 00188681-038600
  • Land Size: Less Than 1/4 Acre
  • Building Permit: No Permit
  • Total Lots: 1.00

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2020
Closed on
Dec 7, 2020
Sold by
Malloy Janet C
Bought by
Beveridge Mark R
Seller's Agent
Trish 'Roy' Brummer
Prestige Realty BPK
Buyer's Agent
Christopher Santry
Last Key Realty, Inc (KW)
List Price
$395,000
Sold Price
$375,000
Premium/Discount to List
-$20,000
-5.06%
Current Estimated Value
$536,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,550
Avg. Annual Appreciation
7.83%

Purchase Details

Listed on
Feb 26, 2019
Closed on
Oct 10, 2019
Sold by
Katherine Grabenstatter
Bought by
Malloy Janet Christina and Malloy Nora S
Seller's Agent
Trish 'Roy' Brummer
Prestige Realty BPK
Buyer's Agent
Eric Rizzo
Ocean Sotheby's International Realty
List Price
$379,000
Sold Price
$370,000
Premium/Discount to List
-$9,000
-2.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.15%
Original Mortgage
$0
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 26, 2019
Closed on
Oct 7, 2019
Sold by
Katherine Grabenstatter
Bought by
Malloy Janet Christina and Malloy Nora S
Seller's Agent
Trish 'Roy' Brummer
Prestige Realty BPK
Buyer's Agent
Eric Rizzo
Ocean Sotheby's International Realty
List Price
$379,000
Sold Price
$370,000
Premium/Discount to List
-$9,000
-2.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 24, 2011
Sold by
F & K Partners Llp
Bought by
Grabenstatter Katherine

Purchase Details

Closed on
Jul 20, 2011
Sold by
Cudjoe Key Llc
Bought by
F & K Partners Llp

Purchase Details

Closed on
Dec 21, 2010
Bought by
Grabenstatter Frank

Purchase Details

Closed on
Aug 4, 2005
Sold by
Webb Charles A and Webb Diane
Bought by
Blackwell Christopher S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
5.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 1999
Sold by
Chamberlain Thomas O and Chamberlain Phyllis
Bought by
Webb Charles A and Webb Diane E

Purchase Details

Closed on
Jun 1, 1989
Bought by
Grabenstatter Frank

Purchase Details

Closed on
Feb 1, 1978
Bought by
Grabenstatter Frank
Source: Public Records

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 Buyer Sale Price Title Company
Beveridge Mark R $375,000 Attorney
Malloy Janet Christina $100 True Title Agency
Malloy Janet Christina $370,000 True Title Agency
Malloy Janet Christina $100 True Title Agency
Malloy Janet Christina $370,000 True Title Agency
Grabenstatter Katherine -- None Available
F & K Partners Llp $275,000 Attorney
Grabenstatter Frank $700,000 --
Blackwell Christopher S $606,600 First American Title Ins Co
Webb Charles A $202,500 --
Grabenstatter Frank $122,000 --
Grabenstatter Frank $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Malloy Janet Christina $0
Previous Owner Blackwell Christopher S $1,345,740
Previous Owner Blackwell Christopher S $475,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2020 12/07/20 Sold $375,000 -5.1% --
11/05/2020 11/05/20 Pending -- -- --
06/09/2020 06/09/20 For Sale $395,000 +6.8% --
10/07/2019 10/07/19 Sold $370,000 -2.4% --
08/28/2019 08/28/19 Pending -- -- --
02/26/2019 02/26/19 For Sale $379,000 -- --
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 $4,071 $583,587 $537,607 $45,980
2023 $4,071 $440,553 $393,364 $47,189
2022 $3,894 $441,760 $393,364 $48,396
2021 $3,472 $302,225 $258,853 $43,372
2020 $3,516 $304,495 $259,938 $44,557
2019 $3,744 $328,173 $298,989 $29,184
2018 $3,770 $322,146 $300,305 $21,841
2017 $4,042 $354,391 $0 $0
2016 $3,963 $342,569 $0 $0
2015 $3,756 $301,749 $0 $0
2014 $3,957 $307,605 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Trish 'Roy' Brummer

    Prestige Realty BPK

  • Christopher Santry

    Buyer's Agent in 2020

    Christopher Santry

    Last Key Realty, Inc (KW)

    (305) 304-1933

    10 in this area

    37 Total Sales

    Christopher Santry
    Section Image
  • Eric Rizzo

    Buyer's Agent in 2019

    Eric Rizzo

    Ocean Sotheby's International Realty

    (305) 394-3062

    54 Total Sales

    Eric Rizzo
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 591227

Florida Keys Board of REALTORS®

APN: 00188681-038600

Florida Monroe County Cudjoe Key 33042

701 Spanish Main Dr Unit 384, Cudjoe Key, FL

This home is located at 701 Spanish Main Dr Unit 384, Cudjoe Key, FL 33042 since 09 June 2020 and is currently estimated at $536,550. 701 Spanish Main Dr Unit 384 is a home located in Monroe County with nearby schools including Sugarloaf School and Key West 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.

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