NOT LISTED FOR SALE

97240 Overseas Hwy Key Largo, FL 33037

Estimated Value: $4,556,051 - $5,135,000

4 Beds
6 Baths
3,751 Sq Ft
$1,316/Sq Ft Est. Value

Last Sold March 05, 2021

Last sale price $3,575,000 $953 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $28,748/month

44 Days on Market

Highlights

  • Property has ocean access
  • Deeded Boat Dock
  • 1 Bedroom Guest House
  • Coral Shores High School Rated A
  • Guest House
  • 1-minute walk to Schwingggg

About This Home

As of March 2021

Sandy Beach, Sunsets & Dockage! Privately-gated open bayfront estate with sandy walk-in barefoot beach AND dockage with 16K lb. four-point boat lift plus a relaxing tiki hut platform at the end! Enjoy magnificent sunsets from this elegant ground level home designed so you can walk right out of the living room and into the pool (no stairs!) and enjoy the outdoor kitchen/bar and pizza oven by the pool. There's also a high-end kitchen with gas cooktop, a separate 1/1 guest house, a 3-car garage and a private electric gate and winding driveway. Another unique feature is a an open bayview owners suite with two separate bathrooms (one with a walk-in closet, shower and spa tub, and one with a sauna and shower).

Last Agent to Sell the Property

Catherine Pineda

Coldwell Banker Realty License #3417841 Listed on: 01/04/2021

Coldwell Banker Realty

Co-Listed By

Brett Newman

MMLS Assoc.-Inactive Member License #0555709

Last Buyer's Agent

MAR NON-MEMBER

NO MLS PARTICIPATION (MAR) License #0

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,091

Year Built

  • Built in 1994

Lot Details

  • 0.8 Acre Lot
  • Lot Dimensions are 450x80
  • Property Fronts a Bay or Harbor
  • Southeast Facing Home
  • Property is zoned R1

Parking

  • 3 Car Garage
  • Driveway
  • Guest Parking
  • Open Parking
  • RV or Boat Parking

Home Design

  • Flat Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,751 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Den
  • Sauna
  • Cooking Island
  • Marble Flooring
  • Bay Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Two Primary Bathrooms
  • In-Law or Guest Suite

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Outdoor Shower

Outdoor Features

  • Property has ocean access
  • Boat Lift
  • Deeded Boat Dock
  • Deck
  • Patio
  • Cottage Room
  • Outdoor Grill
  • Porch

Additional Homes

  • Guest House
  • 1 Bedroom Guest House
  • One Bathroom Guest House

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association
  • Amd Plat Of Mandalay Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00554950-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,091

Year Built

Built in 1994

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 1994
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Co List Office Mls Id: CBRE82
  • Co List Office Phone: 305-743-5181
  • Directions: GATED - cannot be shown on short notice. Bayside U.S. 1 - mm 97.2 on Bayside of Divided Highway - Look for shark mailbox on highway and a gate with an airplane
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Boatlift,Dock Available,Private Dock,Unrestricted Salt Water Access, Dock Owned/Included,Lift
  • Lot Size: 450x80
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: AMD PLAT OF MANDALAY
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_GuestHouseDescription: 1 Bath, 1 Bedroom
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Other Equipment/Appliances
  • Interior Amenities: First Floor Entry, Built-in Features, Cooking Island, Split Bedroom, Vaulted Ceiling(s), Walk-In Closet(s), Cottage, Den/Library/Office, Separate Guest/In-Law Quarters, Sauna
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Flooring: Marble, Other
  • Furnished: Unfurnished
  • Living Area: 3751
  • Possible Use: Unknown/Withheld
  • Bedroom Features: At Least 1 Bedroom Ground Level, Master Bedroom Ground Level
  • Living Room Features: Cottage, Den/Library/Office, Separate Guest/In-Law Quarters, Guest House, Sauna
  • Master Bathroom Features: 2 Master Bathrooms

Exterior Features

  • Roof: Flat Tile
  • View: Bay
  • Exterior Features: Barbeque, Built-In Grill, Outdoor Shower
  • Construction Type: CBS Construction
  • Direction Faces: Southeast
  • Lot Features: 3/4 To Less Than 1 Acre Lot
  • Other Structures: Guest House
  • Patio And Porch Features: Deck, Open Porch, Patio
  • Pool Features: In Ground, Gunite, Heated
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: No
  • Park Building Name: AMD PLAT OF MANDALAY
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Open Parking: Yes
  • Parking Features: Covered, Driveway, Guest, Rv/Boat Parking

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 00554950-000000
  • Lot Size Sq Ft: 34827
  • Zoning: R1
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Dogs OK

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 21091

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2021
Closed on
Mar 5, 2021
Sold by
Duonfante Paolo
Bought by
Wooden Properties Ii Llc
Seller's Agent
Catherine Pineda
Coldwell Banker Realty
Buyer's Agent
MAR NON-MEMBER
NO MLS PARTICIPATION (MAR)
List Price
$4,150,000
Sold Price
$3,575,000
Premium/Discount to List
-$575,000
-13.86%
Current Estimated Value
$4,936,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,361,017
Avg. Annual Appreciation
7.28%

Purchase Details

Listed on
Mar 8, 2012
Closed on
Jul 30, 2012
Sold by
Hamlin Vernon and Hamlin Carole
Bought by
Buonfante Paolo
Seller's Agent
Kim Thaler
Ocean Sotheby's International Realty
Buyer's Agent
Creative Technology
List Price
$2,997,000
Sold Price
$2,800,000
Premium/Discount to List
-$197,000
-6.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.88%
Original Mortgage
$1,025,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 2000
Sold by
Fernandez Carlos C and Fernandez S
Bought by
Hamlin Vernon and Hamlin Carole

Purchase Details

Closed on
Jun 16, 2000
Sold by
Fernandez Carlos C and Fernandez S
Bought by
Hamlin Vernon and Hamlin Carole

Purchase Details

Closed on
Nov 30, 1998
Sold by
Berg Robert S and Berg T
Bought by
Hamlin Vernon and Hamlin Carole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 1991
Bought by
Buonfante Paolo

Purchase Details

Closed on
Dec 1, 1987
Bought by
Buonfante Paolo

Purchase Details

Closed on
Feb 1, 1981
Bought by
Buonfante Paolo

Purchase Details

Closed on
Feb 1, 1973
Bought by
Buonfante Paolo
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
Wooden Properties Ii Llc $3,575,000 Florida Title Of The Keys
Buonfante Paolo $2,800,000 Attorney
Hamlin Vernon -- --
Hamlin Vernon $8,000 --
Hamlin Vernon $690,000 --
Buonfante Paolo $425,000 --
Buonfante Paolo $235,000 --
Buonfante Paolo $200,000 --
Buonfante Paolo $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Buonfante Paolo $1,025,000
Previous Owner Hamlin Vernon $552,000
Closed Wooden Properties Ii Llc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/05/2021 03/05/21 Sold $3,575,000 0.0% $953 / Sq Ft
03/05/2021 03/05/21 Sold $3,575,000 -13.9% $953 / Sq Ft View Prior Sale
02/09/2021 02/09/21 Pending -- -- --
02/02/2021 02/02/21 Pending -- -- --
12/20/2020 12/20/20 For Sale $4,150,000 0.0% $1,106 / Sq Ft
12/20/2020 12/20/20 For Sale $4,150,000 +48.2% $1,106 / Sq Ft
07/31/2012 07/31/12 Sold $2,800,000 -6.6% $834 / Sq Ft View Prior Sale
06/29/2012 06/29/12 Pending -- -- --
03/08/2012 03/08/12 For Sale $2,997,000 -- $892 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $29,699 $3,619,441 $1,827,793 $1,791,648
2023 $29,699 $3,553,481 $1,830,457 $1,723,024
2022 $27,908 $3,452,858 $1,720,700 $1,732,158
2021 $21,679 $2,545,733 $1,365,515 $1,180,218
2020 $20,854 $2,426,159 $1,365,515 $1,060,644
2019 $21,091 $2,450,126 $1,352,269 $1,097,857
2018 $21,129 $2,404,358 $1,327,405 $1,076,953
2017 $19,753 $2,242,949 $0 $0
2016 $19,344 $2,141,246 $0 $0
2015 $17,821 $1,904,512 $0 $0
2014 $22,336 $2,347,949 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Catherine Pineda

    Seller's Agent in 2021

    Catherine Pineda

    Coldwell Banker Realty

    (786) 670-6509

    3 in this area

    35 Total Sales

    Catherine Pineda
    Section Image
  • Brett Newman

    Seller's Agent in 2021

    Brett Newman

    Coldwell Banker Schmitt Islamorada

    (305) 393-1770

    14 in this area

    109 Total Sales

    Brett Newman
    Section Image

  • M

    Buyer's Agent in 2021

    MAR NON-MEMBER

    NO MLS PARTICIPATION (MAR)

    5 in this area

    598 Total Sales

    MAR NON-MEMBER
    Section Image

  • o

    Buyer's Agent in 2021

    outside of mls

    Outside Of MLS

  • Kim Thaler

    Seller's Agent in 2012

    Kim Thaler

    Ocean Sotheby's International Realty

    (305) 393-2787

    8 in this area

    52 Total Sales

    Kim Thaler
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10971000

MIAMI REALTORS® MLS

APN: 00554950-000000

Florida Monroe County Key Largo 33037

97240 Overseas Hwy, Key Largo, FL

This home is located at 97240 Overseas Hwy, Key Largo, FL 33037 since 04 January 2021 and is currently estimated at $4,936,017, approximately $1,315 per square foot. This property was built in 1994. 97240 Overseas Hwy is a home located in Monroe County with nearby schools including Key Largo School, Coral Shores High School, and Dolphin Montessori Children's House.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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