NOT LISTED FOR SALE

731 9th St Key Colony Beach, FL 33051

Estimated Value: $1,211,416 - $1,497,000

3 Beds
3 Baths
2,124 Sq Ft
$619/Sq Ft Est. Value

Last Sold June 25, 2021

Last sale price $825,000 $388 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $8,021/month

23 Days on Market

About This Home

As of June 2021

Back Up Offers Encouraged.Over 2100 sf of living area, roomy garage & screened porch overlooking the wide canal!! Ideal location for the angler, diver & boater, being just 5 minutes to Vaca Cut, the Ocean & the Gulf! Open floorplan makes this the perfect retirement home, weekend retreat or vacation rental in paradise. Tropical living at it's best here in Key Colony Beach where a short walk or bike ride leads you throughout the entire city to the marina, 3 restaurants, golf, tennis, pickle ball, horse shoes, basketball & Sunset Park. Welcome Home!ALL RENTALS IN PLACE MUST BE HONORED!

Last Listed By

Karen Raspe, PA

Ocean Sotheby's International License #3226605 Listed on: 04/28/2021

Ocean Sotheby's International

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,822

Year Built

1996

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Half Duplex
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 4
  • Dockage Dock Length: 37
  • Document Count: 1
  • Fee Includes: None
  • Financial Status Potential Short Sale: No
  • Key Island: Key Colony
  • Limited Representation: No
  • Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
  • Mile Marker: 53.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Bike Paths, Airstrip
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 5745.08
  • Vehicle Storage: Garage
  • Year Built: 1996
  • Alternate Key Number: 8878524
  • Building Style: Townhouse
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 4125.00
  • Porch Balcony: Screened Patio
  • Shutters: Accordion, Other
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2124.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Storage, Window Treatments
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Appliances: Washer, Microwave, Range, Refrigerator, Dryer
  • Floor: Tile
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Single Hung Windows, Sliding Glass Doors
  • Total Bedrooms: 3

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Roof: Tile Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Security: Patrolled Area
  • Utilities: FKAA, Cable Available, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00075770-000100
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.09

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2024
Sold by
Castillo Mike and Castillo Maria
Bought by
Mc2 Kcb Llc
Total Days on Market
23
Current Estimated Value
$1,314,104

Purchase Details

Listed on
Apr 28, 2021
Closed on
Jun 25, 2021
Sold by
112Nd Street Llc
Bought by
Castillo Mike and Castillo Maria
Seller's Agent
Karen Raspe, PA
Ocean Sotheby's International
Buyer's Agent
Carlos Lorenzo
American Caribbean Real Estate, Christie's International Real Estate
List Price
$850,000
Sold Price
$825,000
Premium/Discount to List
-$25,000
-2.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.78%
Original Mortgage
$608,350
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 2007
Sold by
Fay Daniel T and Fay Mary Susan
Bought by
122Nd Street Llc

Purchase Details

Closed on
Dec 4, 2001
Sold by
Strassner Richard E C
Bought by
Fay Daniel T and Fay Mary S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,500
Interest Rate
6.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 1997
Bought by
122Nd Street Llc

Purchase Details

Closed on
Feb 1, 1996
Bought by
122Nd Street Llc

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
Mc2 Kcb Llc -- None Listed On Document
Castillo Mike $825,000 Bankers T&E Svcs Inc
122Nd Street Llc $729,000 Attorney
Fay Daniel T $417,500 --
122Nd Street Llc $290,000 --
122Nd Street Llc $275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Castillo Mike $608,350
Previous Owner Fay Daniel T $300,000
Previous Owner Fay Daniel T $267,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2021 06/25/21 Sold $825,000 -2.9% $388 / Sq Ft
04/28/2021 04/28/21 For Sale $850,000 -- $400 / Sq Ft
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 $8,822 $887,081 $478,500 $408,581
2023 $8,822 $928,165 $474,375 $453,790
2022 $7,750 $758,593 $379,500 $379,093
2021 $6,534 $615,634 $260,906 $354,728
2020 $5,745 $546,645 $247,500 $299,145
2019 $5,821 $554,276 $247,500 $306,776
2018 $5,651 $559,367 $247,500 $311,867
2017 $5,654 $574,522 $0 $0
2016 $5,728 $570,335 $0 $0
2015 $5,228 $500,726 $0 $0
2014 $5,072 $471,421 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Karen Raspe, PA

    Seller's Agent in 2021

    Karen Raspe, PA

    Ocean Sotheby's International

    (305) 393-9010

    226 Total Sales

    Karen Raspe, PA
    Section Image
  • Carlos Lorenzo

    Buyer's Agent in 2021

    Carlos Lorenzo

    American Caribbean Real Estate, Christie's International Real Estate

    (954) 450-2000

    137 Total Sales

    Carlos Lorenzo
    Section Image
See All Agents

Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 595856

APN: 00075770-000100

Florida Monroe County Key Colony Beach 33051

731 9th St, Key Colony Beach, FL

Homes for Sale in Key Colony Beach, FL

This home is located at 731 9th St, Key Colony Beach, FL 33051 since 28 April 2021 and is currently estimated at $1,314,104, approximately $618 per square foot. This property was built in 1996. 731 9th St is a home located in Monroe County with nearby schools including Stanley Switlik Elementary School, Marathon Middle High School, and Coral Shores High School.

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