NOT LISTED FOR SALE

920 Shelter Bay Dr Key Colony Beach, FL 33051

Estimated Value: $1,187,000 - $1,912,000

2 Beds
3 Baths
1,426 Sq Ft
$1,078/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $1,780,000 $1,248 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $9,263/month

214 Days on Market

Highlights

  • Boat Lift
  • Property Fronts a Bay or Harbor
  • Gulf View
  • Coral Shores High School Rated A
  • Boat Slip
  • No HOA

About This Home

As of February 2024

Want Great Views? Don't want to look at neighbors across the canal? Amazing Views at this Unique Key Colony Beach Single Family Home on the Open Water of Shelter Bay. Sellers are Motivated. Updated 2 Bedroom Home being sold furnished, with a large finished area downstairs. Concrete Seawall with a Cut in Boat Slip and Lift. Impact Windows with a Metal Roof and an Elevator. Enjoy the Sunsets and Open Water Views on the wrap around porch and enjoy easy deep water boating access to the Ocean or through Vaca Cut to the Gulf. Inside you will find updated Kitchen and Baths with Granite Counters and Stainless Appliances with Tile Floors. Large Bedrooms and a Utility Room with Washer & Dryer and plenty of storage. Great Storage downstairs with nice interior space and plenty of room for a pool in the back yard. Home has never been rented, but 7 day rentals allowed in Key Colony Beach. Truly a unique property in the City of Key Colony Beach.

Last Agent to Sell the Property

Chase Foster

Coldwell Banker Schmitt Real Estate Co. License #3305166 Listed on: 06/16/2023

Coldwell Banker Schmitt Real Estate Co.

Last Buyer's Agent

Ally Kelley

Ocean Sotheby's International License #SL3352184

Ocean Sotheby's International

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,861

Year Built

  • Built in 1984

Lot Details

  • 0.26 Acre Lot
  • Property Fronts a Bay or Harbor
  • Property is zoned R-1A - Key Colony Single Family

Home Design

  • Pre-Cast Concrete Construction

Interior Spaces

  • 1,426 Sq Ft Home
  • Gulf Views

Kitchen

  • Oven
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Seawall
  • Boat Lift
  • Boat Slip

Utilities

  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Misc Key Colony Bch Subdivision

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00074400-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,861

Year Built

Built in 1984

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: 5
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Handicap Access: 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
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 9860.62
  • Year Built: 1984
  • Alternate Key Number: 1079863
  • Lot Sq Ft: 11317.00
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1426.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Stainless Steel Appliance(s), Oven, Refrigerator, Dryer
  • Total Bedrooms: 2

Exterior Features

  • Dockage: Boat Lift, Basin, Boat Slip
  • Waterfront: Bay Front, Open Water
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Waterview: Bay/Gulf View, Open Water View
  • Pool: No

Utilities

  • Utilities: FKAA, Cable Available, Elect Separate Meter, Water Separate Meter, Buyer to Verify

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE
  • Parcel Number: 00074400-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.26

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2023
Closed on
Feb 29, 2024
Sold by
Sylvia M Puto Property Trust
Bought by
Jack L Alderman Revocable Trust and Alderman
Seller's Agent
Chase Foster
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Ally Kelley
Ocean Sotheby's International
List Price
$1,200,000
Sold Price
$1,780,000
Premium/Discount to List
$580,000
48.33%
Views
175
Current Estimated Value
$1,537,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$242,441
Avg. Annual Appreciation
-9.30%
Original Mortgage
$1,246,000
Outstanding Balance
$1,228,653
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
$308,906

Purchase Details

Closed on
Aug 16, 2018
Sold by
Smith Ellen C
Bought by
Ellen Smith Trust

Purchase Details

Closed on
Jul 31, 2018
Sold by
Smith Ellen C
Bought by
Ellen Smith Trust

Purchase Details

Closed on
Jun 9, 2011
Sold by
Smith Ellen C and Sims Kenneth
Bought by
Smith Ellen C

Purchase Details

Closed on
Jun 16, 2006
Sold by
Ellison William and Ellison Rosemarie
Bought by
Smith Ellen C and Sims Kenneth

Purchase Details

Closed on
May 23, 2005
Sold by
Lecomte Roland S and Lecomte Florine F
Bought by
Ellison William and Ellison Rosemarie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
5.66%
Mortgage Type
Unknown

Purchase Details

Closed on
May 1, 1983
Bought by
Smith Ellen C

Purchase Details

Closed on
Aug 1, 1981
Bought by
Smith Ellen C

Purchase Details

Closed on
Jul 1, 1978
Bought by
Smith Ellen C
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
Jack L Alderman Revocable Trust -- None Listed On Document
Jack L Alderman Revocable Trust $1,780,000 None Listed On Document
Ellen Smith Trust $100 None Listed On Document
Ellen Smith Trust $100 None Listed On Document
Smith Ellen C -- Attorney
Smith Ellen C $1,800,000 Attorney
Ellison William $10,000 --
Ellison William $1,300,000 --
Smith Ellen C $65,000 --
Smith Ellen C $55,000 --
Smith Ellen C $18,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jack L Alderman Revocable Trust $1,246,000
Previous Owner Ellison William L $625,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/29/2024 02/29/24 Sold $1,780,000 -13.2% $1,248 / Sq Ft
10/20/2023 10/20/23 Price Changed $2,050,000 -4.7% $1,438 / Sq Ft
09/07/2023 09/07/23 Price Changed $2,150,000 -2.3% $1,508 / Sq Ft
06/16/2023 06/16/23 Price Changed $2,200,000 +83.3% $1,543 / Sq Ft
06/16/2023 06/16/23 For Sale $1,200,000 -- $842 / 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 $10,820 $1,129,632 $704,098 $425,534
2023 $10,820 $1,130,998 $711,070 $419,928
2022 $9,861 $1,047,607 $619,012 $428,595
2021 $9,366 $943,451 $565,046 $378,405
2020 $8,039 $784,453 $403,151 $381,302
2019 $7,635 $742,064 $399,199 $342,865
2018 $11,654 $1,281,704 $1,018,700 $263,004
2017 $10,028 $1,057,545 $0 $0
2016 $10,388 $1,050,701 $0 $0
2015 $10,104 $1,080,692 $0 $0
2014 $9,183 $904,638 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    Chase Foster

    Coldwell Banker Schmitt Real Estate Co.

    (305) 289-6526

    94 Total Sales

    Chase Foster
    Section Image
  • Ally Kelley

    Buyer's Agent in 2024

    Ally Kelley

    Ocean Sotheby's International

    (305) 735-4095

    130 Total Sales

    Ally Kelley
    Section Image
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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 605695

APN: 00074400-000000

Florida Monroe County Key Colony Beach 33051

920 Shelter Bay Dr, Key Colony Beach, FL

This home is located at 920 Shelter Bay Dr, Key Colony Beach, FL 33051 since 16 June 2023 and is currently estimated at $1,537,559, approximately $1,078 per square foot. This property was built in 1984. 920 Shelter Bay Dr 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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