NOT LISTED FOR SALE

96150 Overseas Hwy Key Largo, FL 33037

Estimated Value: $2,604,000 - $4,661,000

3 Beds
3 Baths
2,204 Sq Ft
$1,617/Sq Ft Est. Value

Last Sold May 13, 2013

Last sale price $1,700,000 $771 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $20,661/month

251 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Concrete Pool
  • Coral Shores High School Rated A
  • Sandy Beach
  • 1-minute walk to Sunset Point Park 2

About This Home

As of May 2013

''SANDY BEACH' is a luxurious and private bayside beachfront pool home. Follow the winding pavered drive through the native hammocks that give way to this Caribbean Style ground level home situated on over 100 feet of PRIVATE, baby powder, white sand beach accentuated with clusters of magnificent coconut palms. A tropical oasis located at mile marker 96 Bayside. One hour from Miami International.

Last Agent to Sell the Property

Sally Stribling

Coldwell Banker Schmitt Key Largo License #3159204 Listed on: 07/20/2012

Coldwell Banker Schmitt Key Largo

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,594

Year Built

  • Built in 1973

Lot Details

  • 0.8 Acre Lot
  • Property fronts gulf or ocean
  • Property Fronts a Bay or Harbor
  • Sandy Beach
  • Privacy Fence
  • Fenced
  • Property is zoned COZ - County Zoning

Home Design

  • Frame Construction
  • Concrete Roof

Interior Spaces

  • 2,204 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Shutters
  • Blinds
  • Sliding Doors
  • Entrance Foyer
  • Storage
  • Utility Room
  • Tile Flooring
  • Gulf Views

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Electric Gate
  • Guest Parking
  • Open Parking
  • RV or Boat Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Deck
  • Patio
  • Outdoor Kitchen
  • Exterior Lighting
  • Shed

Location

  • Ground Level

Utilities

  • Central Air
  • Separate Meters
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00487010-000000

Community Details

Overview

  • No Home Owners Association
  • Lime Grove Estates Subdivision
  • Rental Restrictions
  • RV Parking in Community

Recreation

  • Beach

Security

  • Building Security System

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,594

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • Mandatory HOA: No
  • Control Depth: 4
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: Yes
  • Key Island: Key Largo
  • Limited Representation: No
  • Mile Marker: 96.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Other Area Features
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 8594.45
  • Vehicle Storage: Guest Parking, RV Parking Open, Open Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1973
  • Alternate Key Number: 1599476
  • Building Style: Ground Level
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Dockage Dock Permit: Applied For
  • Lot Sq Ft: 34848.00
  • Pool Info: Concrete, In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Deck, Patio
  • Shutters: Panel
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 2204.00
  • Pre Wired: Cable
  • Sewer Hook Up: No
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Bar, Pantry, Window Treatments, Wet Bar, Walk-in Closet(s), Storage, Split Bedroom, Smoke Alarms, Security System, Entrance Foyer, Cathedral Ceilings, Drapes/Blinds Incl, Built-in Cabinets
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Wine Cooler, Stainless Steel Appliance(s), Oven, Microwave, Dryer, Disposal
  • Floor: Tile
  • Specialty Rooms: Other, Utility Room
  • Windows/Doors: Aluminum Windows, Sliding Glass Doors, Impact Rstnce Window, Glass Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: Bay Front, Gulf Front, Open Water
  • Waterfront: Yes
  • Construction: CBS, Frame
  • Exterior Features: Bar, Storage, Privacy Wall/Fence, Shed, Sandy Beach, Outdoor Kitchen, Outdoor Shower, Fencing, Lighting
  • Roof: Concrete Roof
  • Waterview: Bay/Gulf View, Open Water View
  • Pool: Yes

Utilities

  • Security: Central Station Sys, On Premises System, Electric Gate
  • Utilities: Buyer to Verify, FKAA, Elect Separate Meter, Cable Available

Lot Info

  • Deed Restrictions: No
  • Parcel Number: 00487010-000000
  • Land Size: 1/2 - Less Than 1 AC

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2012
Closed on
May 13, 2013
Sold by
Mestre Tomas A and Mestre Regina G
Bought by
Gian 1 Llc
Seller's Agent
Sally Stribling
Coldwell Banker Schmitt Key Largo
Buyer's Agent
Creative Technology
List Price
$2,300,000
Sold Price
$1,700,000
Premium/Discount to List
-$600,000
-26.09%
Current Estimated Value
$3,564,050

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,864,050
Avg. Annual Appreciation
6.14%

Purchase Details

Closed on
Dec 28, 2005
Sold by
The Fremont B Gruss Family Living Trust
Bought by
Mestre Tomas A and Mestre Regina G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,965,000
Interest Rate
6.21%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 14, 2002
Sold by
Fremont B Gruss M
Bought by
Gruss Fremont B Trust

Purchase Details

Closed on
Mar 22, 2001
Bought by
Gian 1 Llc

Purchase Details

Closed on
Dec 1, 1977
Bought by
Gian 1 Llc
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 Buyer Sale Price Title Company
Gian 1 Llc $1,700,000 Century Title & Escrow Co
Mestre Tomas A -- Attorney
Mestre Tomas A $2,836,000 None Available
Gruss Fremont B Trust -- --
Gian 1 Llc $675,000 --
Gian 1 Llc $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mestre Tomas A $2,965,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2013 05/13/13 Sold $1,700,000 -26.1% $771 / Sq Ft
03/28/2013 03/28/13 Pending -- -- --
07/20/2012 07/20/12 For Sale $2,300,000 -- $1,044 / 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 $21,188 $2,662,613 $2,129,387 $533,226
2023 $21,188 $2,633,993 $2,111,789 $522,204
2022 $19,047 $2,503,574 $1,985,081 $518,493
2021 $17,681 $2,053,078 $1,575,042 $478,036
2020 $17,900 $2,064,491 $1,575,042 $489,449
2019 $16,447 $1,882,510 $1,528,259 $354,251
2018 $16,821 $1,888,667 $1,531,047 $357,620
2017 $16,850 $1,894,946 $0 $0
2016 $16,644 $1,852,297 $0 $0
2015 $15,203 $1,606,636 $0 $0
2014 $20,437 $2,137,617 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 558564

Florida Keys Board of REALTORS®

APN: 00487010-000000