NOT LISTED FOR SALE

721 W Ocean Dr Unit 4 Key Colony Beach, FL 33051

Estimated Value: $343,670 - $647,000

2 Beds
2 Baths
971 Sq Ft
$500/mo HOA Fee

Last Sold January 09, 2015

Last sale price $290,000 $299 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $3,643/month

252 Days on Market

Highlights

  • Ocean Front
  • Beach
  • Furnished
  • Coral Shores High School Rated A
  • In Ground Pool
  • Balcony

About This Home

As of January 2015

LOCATION! LOCATION! This unit is second one in from the ocean. Views from each side. Solid as a rock with a concrete roof this little gem is the perfect Keys getaway. Large heated pool, private sandy beach and your very own concrete fishing pier. New Pergo floors in the bedrooms and lots of closet space. The association owns the large parcel of land to the left to have forever Ocean views

Last Listed By

Stacie Kidwell

American Caribbean Real Estate - Middle Keys Listed on: 04/05/2014

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,659

Year Built

  • Built in 1964

Lot Details

  • 3

HOA Fees

  • $500 Monthly HOA Fees

Home Design

  • Concrete Roof

Interior Spaces

  • 971 Sq Ft Home
  • Furnished
  • Jalousie or louvered window
  • Sliding Doors
  • Tile Flooring
  • Ocean Views

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Guest Parking
  • Assigned Parking

Pool

  • In Ground Pool
  • Pool Deck

Utilities

  • Cooling System Mounted To A Wall/Window
  • Public Hookup Available For Sewer
  • Cable TV Available

Additional Features

  • Balcony
  • Ocean Front

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00078420-000000

Community Details

Overview

  • Association fees include bldg exterior mnt, exterminating, common area mnt, building insurance
  • Ocean Front Condo Subdivision
  • Rental Restrictions

Recreation

  • Beach
  • Community Pool

Pet Policy

  • Pet Restriction: Owners

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,659

Year Built

Built in 1964

Lot Details

0

HOA Fees

$500 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Fee: 500.00
  • Mandatory HOA: Yes
  • Fee Includes: Bldg Exterior Mnt, Exterminating, Common Area Mnt, Building Insurance
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key Colony
  • Limited Representation: No
  • Mile Marker: 53.90
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Community Pool, Other Area Features
  • Off Shore Island: No
  • Pets W Restrictions: Owners
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 2658.96
  • Title: Title Ins - Buyer
  • Vehicle Storage: Assigned Parking, Guest Parking
  • Year Built: 1964
  • Alternate Key Number: 1084646
  • Building Style: Other Bldg Style
  • Cooling Heating: Wall/Window Unit(s)
  • Pool Info: Decked, In Ground
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Monthly
  • Species List: No
  • Tax Exemptions: None
  • Estimated Living Sq Ft: 971.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Floor Number: 2.00
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dryer, Washer, Refrigerator, Range, Oven
  • Floor: Combo, Tile, Other
  • Windows/Doors: Jalousie Windows, Sliding Glass Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront
  • Waterfront: Yes
  • Construction: CBS
  • Roof: Concrete Roof
  • Waterview: Ocean View
  • Pool: Yes

Utilities

  • Utilities: Cable Available, FKAA

Lot Info

  • Deed Restrictions: No
  • Parcel Number: 00078420-000000
  • Land Size: 1/2 - Less Than 1 AC

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2014
Closed on
Jan 9, 2015
Sold by
Golly Marie and Marie Golly Revocable Trust
Bought by
Howie Michael E and Royse Mary Ann
Seller's Agent
Stacie Kidwell
American Caribbean Real Estate - Middle Keys
Buyer's Agent
554482 554482
Coldwell Banker Schmitt Real Estate Co.
List Price
$320,000
Sold Price
$290,000
Premium/Discount to List
-$30,000
-9.38%
Total Days on Market
252
Current Estimated Value
$548,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,918
Avg. Annual Appreciation
6.37%
Original Mortgage
$2,000,000
Outstanding Balance
$1,561,662
Interest Rate
3.98%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
-$1,012,744

Purchase Details

Closed on
Jul 25, 2003
Sold by
Schaff Suzanne M
Bought by
Ocean Development Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 1974
Bought by
Howie Michael E

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
Howie Michael E $290,000 Attorney
Ocean Development Group Llc -- --
Howie Michael E $36,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Howie Michael E $2,000,000
Previous Owner Ocean Development Group Llc $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2015 01/09/15 Sold $290,000 -9.4% $299 / Sq Ft
12/13/2014 12/13/14 Pending -- -- --
04/05/2014 04/05/14 For Sale $320,000 -- $330 / 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 $1,195 $138,622 -- $138,622
2023 $1,195 $138,622 $0 $138,622
2022 $1,124 $138,622 $0 $138,622
2021 $1,071 $123,360 $0 $123,360
2020 $991 $123,360 $0 $123,360
2019 $1,182 $74,016 $0 $74,016
2018 $2,291 $197,376 $0 $0
2017 $2,685 $246,720 $0 $0
2016 $2,784 $246,720 $0 $0
2015 $2,738 $242,295 $0 $0
2014 -- $223,330 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Stacie Kidwell

    American Caribbean Real Estate - Middle Keys

  • 5

    Buyer's Agent in 2015

    554482 554482

    Coldwell Banker Schmitt Real Estate Co.

  • Joshua Mothner

    Buyer's Agent in 2015

    Joshua Mothner

    Coldwell Banker Schmitt Real Estate Co.

    (305) 743-5181

    180 Total Sales

    Joshua Mothner
    Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 563962

Florida Keys Board of REALTORS®

APN: 00078420-000000

Florida Monroe County Key Colony Beach 33051

721 W Ocean Dr Unit 4, Key Colony Beach, FL

Homes for Sale in Key Colony Beach, FL

This home is located at 721 W Ocean Dr Unit 4, Key Colony Beach, FL 33051 since 05 April 2014 and is currently estimated at $548,918, approximately $565 per square foot. This property was built in 1964. 721 W Ocean Dr Unit 4 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.

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