$1,175,000
SOLD JUN 30, 2025

8 Coral Way Key West, FL 33040

3 Beds
3 Baths
1,420 Sq Ft
1,307 Sq Ft Lot

Recently Sold

$827 Per Sq Ft

2% Below List Price

107 Days on Market

About This Home

As of June 2025

Transient Rentals allowed! You read that correctly. Short Term Rentals are permitted in this townhome! Currently, the lowest price per sq ft for any transiently licensed property (that's NOT a condotel) in Key West offered for sale in the MLS. This 3 bedroom, 3 bath end unit is the biggest floor plan built in Coral Hammock. Two other 3 bed units closed within a year for $1.20M & $1.15M. This one is on the interior of the neighborhood, so 8 offers better parking than some others & less road noise than some others. Upper level boasts 2 bedrooms, 2 baths & ample closet space. Primary bedroom (upstairs) features garden tub, newer vanity & tiled custom shower. Second bathroom on upper level has shower/tub combo. Both upper-level bedrooms have french doors that lead out onto covered balcony spanning the entire width of the townhome. Not all townhomes have 2nd floor balcony this long. Lower level has 1 bedroom, 1 bath, kitchen, dining area / den & closets. Lower level also features 2 sets of french doors that lead out from the den as well as bedroom to covered back porch. Front door (on lower level) protected by covered porch as well. Well maintained townhome has recently replaced Central AC, interior flooring on the lower level & wood on exterior steps/ porches. Gated community boasts pool, club house w/work out room & Short Term (transient) Rentals! Close to the lower Keys only golf course (KW Golf Club), hospital, several marinas, airport, beaches, bars & restaurants. Just a short ride into Old Town KW w/ world famous Duval St.. Not here all the time, no problem - Lock it & Leave. HOA (not a condo) takes care of pool & grounds. Gated community so you must have code to enter gate. May not be able to accommodate all showing requests due to short term rentals already on the books. Please do not disturb guests. Please note, short term rentals recently restarted, seller has NO rental history for past few years to share.

Last Agent to Sell the Property

Walt Lee

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3159689 Listed on: 02/12/2025

Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Buyer's Agent

Graciela Lozano

KeysLifestyle Real Estate (KW) License #BK3346838

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,342

Year Built

2004

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Townhouse
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Approval Required: No
  • Association Fee: 440.00
  • Mandatory HOA: Yes
  • Document Count: 1
  • Fee Includes: Common Area Mnt
  • Key Island: Stock Island
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 5.00
  • Min Rental Days: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Clubhouse
  • Pets W Restrictions: see HOA rules
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 5485.00
  • Title: Title Ins - Buyer
  • Vehicle Storage: Open Parking, Vehicle Restrictions, Off Street Parking
  • Year Built: 2004
  • Alternate Key Number: 9079291
  • Building Style: Townhouse
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 1121.00
  • Pool Info: In Ground, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Monthly
  • Shutters: Panel
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 1420.00
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Freezer, Oven, Range, Refrigerator
  • Floor: Tile, Laminate, Carpet, Vinyl
  • Windows/Doors: French Doors, Aluminum Windows
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame, Hardi Board Siding
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.03

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2025
Closed on
Jun 26, 2025
Sold by
Tufo Ronald and Tufo Rodney
Bought by
Casazza Enterprises Llc
Seller's Agent
Walt Lee
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Graciela Lozano
KeysLifestyle Real Estate (KW)
List Price
$1,199,000
Sold Price
$1,175,000
Premium/Discount to List
-$24,000
-2%
Views
44

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-32.10%
Original Mortgage
$940,000
Outstanding Balance
$939,200
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$139,861

Purchase Details

Closed on
Apr 24, 2013
Sold by
Tufo Ronald and Tufo Rodney
Bought by
Tufo Ronald and Tufo Rodney

Purchase Details

Closed on
Nov 12, 2004
Sold by
Coral Hammock Llc
Bought by
Tufo Ronald and Tufo Rodney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,375
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed $1,175,000 None Listed On Document
Warranty Deed $1,175,000 None Listed On Document
Interfamily Deed Transfer -- Transtar National Title
Special Warranty Deed $459,700 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $940,000 New Conventional
Closed $940,000 New Conventional
Previous Owner $417,000 Unknown
Previous Owner $417,375 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Sold $1,175,000 -2.0% $827 / Sq Ft
05/30/2025 05/30/25 Pending -- -- --
02/12/2025 02/12/25 For Sale $1,199,000 -- $844 / Sq Ft
Source: Key West 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 $5,342 $670,882 $381,262 $289,620
2023 $5,342 $668,481 $399,485 $268,996
2022 $4,594 $501,973 $229,879 $272,094
2021 $4,407 $437,950 $199,602 $238,348
2020 $4,519 $446,051 $202,405 $243,646
2019 $4,610 $467,205 $220,908 $246,297
2018 $4,319 $420,505 $192,874 $227,631
2017 $3,971 $395,735 $0 $0
2016 $3,725 $353,939 $0 $0
2015 $3,566 $326,841 $0 $0
2014 $3,337 $277,592 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Key West Association of REALTORS®

MLS Number: 613644

Key West Association of REALTORS®

APN: 00124100-000143