NOT LISTED FOR SALE

Estimated Value: $937,342 - $1,137,000

2 Beds
2 Baths
1,275 Sq Ft
$1,032/mo HOA Fee

Last Sold December 30, 2020

Last sale price $670,000 $525 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $6,879/month

94 Days on Market

Highlights

  • Ocean Front
  • Dock Facilities
  • Boat Slip
  • Plantation Key School Rated A-
  • Sandy Beach
  • 1-minute walk to Founders Park

About This Home

As of December 2020

Islamorada Beacon Reef Beauty! Expansive ocean views from this tastefully updated residence on the 4th floor of the south building. Tropical resort style pool, sand beach, full gym overlooking the ocean, and beautiful dock with slips for your boat. Beacon Reef has everything. The kitchen features granite counter tops, Maple cabinets, stainless appliances, and a breakfast bar. You'll fall in love the minute you enter the front door.

Last Agent to Sell the Property

Steven Conley

Compass Florida LLC License #3232648 Listed on: 08/14/2020

Compass Florida LLC

Last Buyer's Agent

Charlotte Porter

Coldwell Banker Schmitt Islamorada License #3026666

Coldwell Banker Schmitt Islamorada

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,627

Year Built

  • Built in 1982 | Remodeled

Lot Details

  • Ocean Front
  • Sandy Beach

HOA Fees

  • $1,032 Monthly HOA Fees

Interior Spaces

  • 1,275 Sq Ft Home
  • 5-Story Property
  • Bar

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Electric Gate
  • Guest Parking
  • Open Parking
  • Assigned Parking

Accessible Home Design

  • Accessible Elevator Installed

Pool

  • In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Boat Slip
  • Dock Facilities
  • Dock made with wood
  • Balcony
  • Outdoor Kitchen
  • Exterior Lighting
  • Tiki or Chickee Hut

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00094580-000177

Community Details

Overview

  • Association fees include bldg exterior mnt, exterminating, building insurance, common area mnt
  • Beacon Reef Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Pet Policy

  • Pet Restriction: YES

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,627

Year Built

Built in 1982 | Remodeled

Lot Details

0

HOA Fees

$1,032 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Approval Required: Yes
  • Association Fee: 3095.00
  • Mandatory HOA: Yes
  • Control Depth: 3
  • Dockage Dock: Wood
  • Fee Includes: Bldg Exterior Mnt, Exterminating, Building Insurance, Common Area Mnt
  • Key Island: Upper Matecumbe Key Islamorada
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 83.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 4626.70
  • Title: Title Ins - Buyer
  • Vehicle Storage: Assigned Parking, Guest Parking, Open Parking
  • Year Built: 1982
  • Alternate Key Number: 8628048
  • Cooling Heating: Central Air
  • Pool Info: In Ground
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Quarterly
  • Association Info Condo Docs: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 5 Stories
  • Estimated Living Sq Ft: 1275.00
  • Financial Status Standard Sale: Yes
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Range, Microwave, Dryer, Disposal
  • Total Bedrooms: 2
  • Accessibility Features: Accessible, Accessible Elevator Installed

Exterior Features

  • Dockage: Boat Slip, Dock Privileges
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: Combo Construction
  • Exterior Features: Bar, Sandy Beach, Outdoor Kitchen, Outdoor Shower, Hot Tub, Lighting, Chickee Hut
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

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

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: VE,AE,AE,AE,VE,AE,VE
  • Parcel Number: 00094580-000177
  • Land Size: 2 Less Than 5 Acres

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2020
Closed on
Dec 30, 2020
Sold by
Elmasian Lee and Spade Elmasian Patricia
Bought by
Slifer John and Slifer Deborah
Seller's Agent
Steven Conley
Compass Florida LLC
Buyer's Agent
Charlotte Porter
Coldwell Banker Schmitt Islamorada
List Price
$719,000
Sold Price
$670,000
Premium/Discount to List
-$49,000
-6.82%
Current Estimated Value
$992,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$322,836
Avg. Annual Appreciation
7.30%

Purchase Details

Closed on
Dec 27, 2018
Sold by
Patricia Elmasian Lee and Patricia Spadaelmasian
Bought by
Lucia Elmasian Lee and Lucia Spadaelmasian Patricia

Purchase Details

Closed on
Jul 16, 2009
Sold by
Fertakos Mark
Bought by
Elmasian Lee and Spada Elmasian Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 2007
Sold by
Fertakos James and Fertakos Vivian
Bought by
Fertakos Vivian

Purchase Details

Closed on
Dec 1, 1986
Bought by
Elmasian Lee
Source: Public Records

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
Slifer John $670,000 Coral Reef Title Co
Lucia Elmasian Lee -- Attorney
Elmasian Lee -- None Available
Elmasian Lee -- Attorney
Elmasian Lee -- None Available
Elmasian Lee -- None Available
Elmasian Lee $511,000 None Available
Fertakos Vivian -- None Available
Elmasian Lee $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elmasian Lee $250,000
Previous Owner Elmasian Lee $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2020 12/30/20 Sold $670,000 -6.8% $525 / Sq Ft
11/16/2020 11/16/20 Pending -- -- --
08/14/2020 08/14/20 For Sale $719,000 -- $564 / 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 $6,692 $792,151 -- $792,151
2023 $6,692 $817,201 $0 $817,201
2022 $6,292 $783,278 $0 $783,278
2021 $5,486 $542,425 $0 $542,425
2020 $4,631 $451,578 $0 $451,578
2019 $4,627 $442,077 $0 $442,077
2018 $4,559 $436,700 $0 $0
2017 $4,421 $443,696 $0 $0
2016 $4,219 $386,389 $0 $0
2015 $4,142 $386,389 $0 $0
2014 $4,153 $386,389 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 592102

Florida Keys Board of REALTORS®

APN: 00094580-000177