NOT LISTED FOR SALE

841 W Ocean Dr Key Largo, FL 33037

Estimated Value: $4,874,000 - $8,680,000

5 Beds
4.5 Baths
5,165 Sq Ft
$1,320/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $6,999,000 $1,355 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $41,104/month

409 Days on Market

Highlights

  • Airstrip
  • Ocean Front
  • Sandy Beach
  • Coral Shores High School Rated A
  • Beach
  • Tennis Courts

About This Home

As of June 2023

Permiting for 116' Dock - see documents tab. A Mediterranean villa, in the exclusive, highly sought-after community of Key Colony Beach. Fly into Marathon airport and only 10 minutes from your Island Estate. This oceanfront home encompasses over 5000 sft of luxury living, featuring turquoise water views from nearly every rm. Timeless elegance, exquisite attention to detail, island living at its best! Pass through the private gated entrance, & you are greeted by a beautiful and long paver driveway, lush landscaping, gorgeous greenery and elegant water fountain. The solid mahogany double entry doors invite you inside to a gracious interior flooded with natural light and ocean views. The first floor is comprised of spacious living areas that are perfect for entertaining. Family and friends can gather in the Great Room, adorned with a two-story wall of windows and doors that offer awe-inspiring water views and open to a massive patio with infinity pool overlooking YOUR sandy beach. The enormous kitchen welcomes the chef in the family, a large island with seating and spacious dining area - all with ocean views. Retreat to the first-floor master suite, where the water views continue from the French doors that open onto the patio, along with a spa-like master bath complete with dressing room, triple vanity, and oversized double-head shower. With an additional oceanfront master suite including balcony, two bedrooms (one also with oceanfront balcony), bath and open loft upstairs, there is plenty of room to accommodate family and friends. For those needing additional space, the lower level features an In-Law/Guest Quarters. Further features include a spacious first floor office, powder room, laundry room, 4+ car garage, elevator, workshop area and additional building rights. For your picturesque piece of paradise, this remarkable residence embodies beachfront living at its finest in the Florida Keys. Your private gated beachfront estate awaits y

Last Agent to Sell the Property

Karen Raspe, PA

Ocean Sotheby's International License #3226605 Listed on: 11/30/2021

Ocean Sotheby's International

Last Buyer's Agent

Karen Raspe

Island Breeze Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,625

Year Built

  • Built in 2004 | Remodeled

Lot Details

  • 0.7 Acre Lot
  • Ocean Front
  • Sandy Beach
  • Privacy Fence
  • Fenced
  • Property is zoned R-1A - Key Colony Single Family

Home Design

  • Tile Roof
  • Concrete Roof

Interior Spaces

  • 5,165 Sq Ft Home
  • Elevator
  • Bar
  • Tray Ceiling
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • French Doors
  • Entrance Foyer
  • Storage
  • Ocean Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Monitored
  • Impact Glass
  • Fire and Smoke Detector

Parking

  • 4 Car Garage
  • Automatic Garage Door Opener
  • Guest Parking
  • Off-Street Parking
  • RV or Boat Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool

Outdoor Features

  • Airstrip
  • Tennis Courts
  • Balcony
  • Exterior Lighting

Utilities

  • Central Air
  • Public Hookup Available For Sewer
  • Community Sewer or Septic
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 7
  • Assessor Parcel Number 00078790-000000

Community Details

Overview

  • No Home Owners Association
  • Key Colony Beach Subdivision
  • RV Parking in Community

Recreation

  • Beach
  • Tennis Courts
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,625

Year Built

Built in 2004 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 3
  • Document Count: 2
  • Fee Includes: None
  • Key Island: Key Colony
  • Limited Representation: Yes
  • Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
  • Mile Marker: 53.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Tennis Courts, Bike Paths, Airstrip, Beach
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Other Terms
  • Side: Ocean
  • State Province: FL
  • Taxes: 16625.45
  • Title: Title Ins - Buyer
  • Vehicle Storage: Garage, Trailer Storage, Covered Parking, RV Parking Open, Off Street Parking, Guest Parking, Auto Door Opener
  • Vehicle Storage Cars: 4+
  • Year Built: 2004
  • Alternate Key Number: 1085014
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 30555.00
  • Pool Info: In Ground, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony
  • Species List: Yes
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 5165.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Granite Counter Top, Tray Ceilings, Window Treatments, Walk-in Closet(s), Storage, Smoke Alarms, Security System, Elevator, Entrance Foyer, Pantry, Split Bedroom, Cathedral Ceilings
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Appliances: Washer, Wine Cooler, Ice Machine, Microwave, Oven, Range, Dishwasher, Dryer
  • Floor: Tile, Carpet
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room
  • Windows/Doors: French Doors, Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 5
  • Sq Ft Remarks: includes 1377 sf non-conforming apartment on LL

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Bar, Sandy Beach, Privacy Wall/Fence, Lighting, Fencing
  • Roof: Tile Roof, Concrete Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Patrolled Area
  • Utilities: FKAA, Cable Available, Buyer to Verify, Community Swr Plant

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE,AE,AE
  • Parcel Number: 00078790-000000
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.70

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2021
Closed on
Jun 30, 2023
Sold by
Anderson Ronald L and Ronald L Anderson Revocable Trust
Bought by
Schmid Jesse and Hannon Jodi
Seller's Agent
Karen Raspe, PA
Ocean Sotheby's International
Buyer's Agent
Karen Raspe
Island Breeze Realty, LLC
List Price
$6,999,900
Sold Price
$6,999,000
Premium/Discount to List
-$900
-0.01%
Views
83
Current Estimated Value
$7,235,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$236,349
Avg. Annual Appreciation
-2.06%
Original Mortgage
$4,499,000
Interest Rate
1%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 12, 2004
Sold by
Anderson Ronald L
Bought by
Anderson Ronald L and Ronald L Anderson Revocable Trust

Purchase Details

Closed on
Nov 1, 1980
Bought by
Anderson Ronald L Revocable Trust 12/2/2003
Source: Public Records

Range of Values:

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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
Schmid Jesse $6,999,000 None Listed On Document
Anderson Ronald L -- --
Anderson Ronald L Revocable Trust 12/2/2003 $133,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmid Jesse $4,153,000
Closed Schmid Jesse $4,499,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2023 06/30/23 Sold $6,999,000 0.0% $1,355 / Sq Ft
01/13/2023 01/13/23 Pending -- -- --
11/30/2021 11/30/21 For Sale $6,999,900 -- $1,355 / 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 $17,874 $5,870,712 $4,132,779 $1,737,933
2023 $17,874 $1,845,933 $0 $0
2022 $17,210 $1,792,108 $0 $0
2021 $17,448 $1,739,911 $0 $0
2020 $16,625 $1,715,889 $0 $0
2019 $16,269 $1,677,311 $0 $0
2018 $15,357 $1,646,037 $0 $0
2017 $14,683 $1,612,182 $0 $0
2016 $14,999 $1,579,023 $0 $0
2015 $15,117 $1,568,047 $0 $0
2014 $15,402 $1,555,602 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 598648

APN: 00078790-000000