NOT LISTED FOR SALE

714 Passover Ln Key West, FL 33040

Old Town Neighborhood

Estimated Value: $2,062,000 - $3,387,000

5 Beds
5 Baths
2,392 Sq Ft
$1,098/Sq Ft Est. Value

Last Sold October 03, 2024

Last sale price $2,900,000 $1,212 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $14,674/month

81 Days on Market

About This Home

As of October 2024

Discover a perfect blend of brand new and historic charm in this exquisite compound, nestled in the heart of Old Town. This 5-bedroom estate spans a generous 6,547 SF lot, featuring three luxurious structures surrounding a stunning heated saltwater pool with a waterfall and fire feature. The property is a synergistic combination of a 1-bedroom, 1.5-bath primary residence, a 1-bedroom, 1-bath VIP unit with a loft & a 3-bedroom, 2-bath guest/children's house. These living spaces are seamlessly connected by covered decks, providing both privacy and convenience. The primary and secondary residences boast full kitchens with washers and dryers, while the VIP guest house features a kitchen equipped with a small fridge, microwave, and Miele wine fridge. An entertainer's dream, this almost-complete residence awaits a few final touches. The home is equipped with new TVs throughout, a comprehensive Lutron lighting system, UniFi Protect commercial-grade cameras, a home water filtration system, hardie-board siding, powered roller shades, and impact glass windows. Security and convenience are paramount, with the property fully fenced and offering two off-street & gated parking spaces. Additional features include an outdoor shower and the serene ambiance provided by the historic cemetery breezes. Ideally located, this compound is close enough to walk to shops, galleries, and restaurants, yet perfectly situated for a quiet and restful retreat on the island.

Last Agent to Sell the Property

Terri Spottswood

Truman & Co. (KW) Brokerage Phone: 305-587-3407 License #161619 Listed on: 06/17/2024

Co-Listed By

John Spottswood

Truman & Co. (KW) Brokerage Phone: 305-587-3407 License #3264225

Last Buyer's Agent

Anneliese Dietrick

Coldwell Banker Schmitt Lower Keys (KW) License #SL3400781

Coldwell Banker Schmitt Lower Keys (KW)

Home Details

Home Type

Single Family

Year Built

1908

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 11912.73
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1908
  • Alternate Key Number: 1019232
  • Cooling Heating: Central Air, Ductless, Ceiling Fans(s)
  • Lot Sq Ft: 6547.00
  • Pool Info: In Ground, Decked, Concrete, Salt Water
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Deck
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2392.00
  • Specialty Rooms Guest Servant Qtrs: Legal
  • G F Interior Features: Tankless Hot Wtr Htr
  • Property Condition: New Construction, Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Attribution Contact: 305-587-3407
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Built-in Cabinets, Other, Cathedral Ceilings
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Appliances: More Appliances, Wine Cooler, Oven, Range, Refrigerator, Dishwasher, Dryer, Washer
  • Floor: Tile
  • Half Bathrooms: 1
  • Specialty Rooms: Loft
  • Windows/Doors: Glass Doors, Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 5
  • Sq Ft Remarks: Buyer to verify square footage

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame, Hardi Board Siding
  • Exterior Features: Fencing, Water Display, Privacy Wall/Fence, Outdoor Shower, Lanai, Lighting, Detached Guest Qtrs
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Propane, Buyer to Verify, Municipal Sewer
  • Heating: Central

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00018670-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.15

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2024
Closed on
Oct 3, 2024
Sold by
Skull & Crossbones Trust and Graf Lorraine
Bought by
Kw Squared Llc
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
Anneliese Dietrick
Coldwell Banker Schmitt Lower Keys (KW)
List Price
$3,900,000
Sold Price
$2,900,000
Premium/Discount to List
-$1,000,000
-25.64%
Views
42
Current Estimated Value
$2,627,141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$272,859
Avg. Annual Appreciation
-6.91%

Purchase Details

Closed on
Dec 17, 1999
Sold by
Morse Michael D and Liebenson-Morse Patricia
Bought by
Mayfield Billy J and Wise-Mayfield Kimberly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,000
Interest Rate
7.85%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 1, 1972
Bought by
Mayfield Billy Joe
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kw Squared Llc $2,900,000 Title Services Corporation
Mayfield Billy J $470,000 --
Mayfield Billy Joe $3,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mayfield Billy J $450,000
Previous Owner Mayfield Billy J $47,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/03/2024 10/03/24 Sold $2,900,000 -6.5% $1,212 / Sq Ft
09/06/2024 09/06/24 Pending -- -- --
08/28/2024 08/28/24 Price Changed $3,100,000 -11.2% $1,296 / Sq Ft
08/06/2024 08/06/24 Price Changed $3,490,000 -3.1% $1,459 / Sq Ft
07/16/2024 07/16/24 Price Changed $3,600,000 -7.7% $1,505 / Sq Ft
06/17/2024 06/17/24 For Sale $3,900,000 +261.1% $1,630 / Sq Ft
07/07/2020 07/07/20 Sold $1,080,000 -13.5% $572 / Sq Ft View Prior Sale
06/30/2020 06/30/20 Pending -- -- --
05/07/2020 05/07/20 Price Changed $1,249,000 -18.7% $662 / Sq Ft
01/17/2020 01/17/20 For Sale $1,536,000 -- $814 / 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
2025 $12,388 $2,327,963 $1,367,014 $960,949
2024 $11,913 $1,588,799 $1,339,778 $249,021
2023 $11,913 $1,585,072 $1,338,731 $246,341
2022 $9,936 $1,142,361 $892,487 $249,874
2021 $10,093 $1,005,979 $658,890 $347,089
2020 $6,923 $700,493 $0 $0
2019 $6,648 $674,838 $0 $0
2018 $6,625 $704,327 $0 $0
2017 $6,491 $698,655 $0 $0
2016 $6,280 $613,025 $0 $0
2015 $6,182 $585,083 $0 $0
2014 $5,932 $508,046 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Terri Spottswood

    Seller's Agent in 2024

    Terri Spottswood

    Truman & Co. (KW)

    (305) 587-3407

    107 in this area

    287 Total Sales

    Terri Spottswood
    Section Image
  • John Spottswood

    Seller Co-Listing Agent in 2024

    John Spottswood

    Truman & Co. (KW)

    (305) 432-4848

    95 in this area

    265 Total Sales

    John Spottswood
    Section Image
  • Anneliese Dietrick

    Buyer's Agent in 2024

    Anneliese Dietrick

    Coldwell Banker Schmitt Lower Keys (KW)

    (305) 393-7776

    1 in this area

    30 Total Sales

    Anneliese Dietrick
    Section Image
  • Allison Findlay

    Seller's Agent in 2020

    Allison Findlay

    Brenda Donnelly Real Estate LLC

    (305) 395-0615

    15 in this area

    27 Total Sales

    Allison Findlay
    Section Image
  • Krystal Thomas

    Seller Co-Listing Agent in 2020

    Krystal Thomas

    eXp Realty LLC

    (305) 394-4073

    5 in this area

    53 Total Sales

    Krystal Thomas
    Section Image

  • C

    Buyer's Agent in 2020

    Cheryl Cates

    Berkshire Hathaway HomeServices Knight & Gardner Realty

See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 610463

Key West Association of REALTORS®

APN: 00018670-000000

Florida Monroe County Key West 33040 Old Town

714 Passover Ln, Key West, FL

Not Listed for Sale

Detached

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