$2,000,000
SOLD OCT 11, 2024

97501 Overseas Hwy Unit 321 Key Largo, FL 33037

4 Beds
3 Baths
2,635 Sq Ft
$2,831/mo HOA Fee

Recently Sold

$759 Per Sq Ft

20 Days on Market

Highlights

  • Ocean Front
  • Boat Dock
  • Gated with Attendant
  • Coral Shores High School Rated A
  • Beach
  • 1-minute walk to Schwingggg

About This Home

As of October 2024

Welcome to your dream OCEAN FRONT home at Mariners Club in Key Largo! In addition to easy access to world-class diving, fishing and boating, residents of Mariners Club enjoy resort-style amenities that make every day feel like a Florida Keys vacation. Boaters will love the deep water marina with protected dockage and immediate ocean access. Dive into the sparkling swimming pools, relax in the hot tubs, keep fit at the gym or enjoy tennis and pickleball. Security and a guard house ensure peace and quiet for those who just want to kick back and relax in this gated community. This exceptional four-bedroom, three-bath ocean front condo is a rare gem, offering luxurious coastal living with unparalleled views, all on one floor. This spacious end-unit boasts expansive windows capturing breathtaking direct WATER VIEWS and natural light from THREE SIDES. You will feel as if you're on a cruise ship and spend hours on the breezy lanai taking in the views. Immaculate kitchen, living and dining areas share the same high ceilings and wide open ocean views from every vantage point. This beautiful and immaculate condo has never been rented, but it holds tremendous potential as a lucrative rental property. With the pristine condition of this unit, impact windows and doors and its upgraded air conditioning system designed to prevent dust and mold, it's a turnkey investment ready for immediate enjoyment or rental. Dockage available for owners or guests. No need to leave Fido at home. It's pet friendly for owners and long term renters. There is no maximum or minimum number of days to rent in Mariners Club. Owners are free to rent on their own or use a local management company. It's a fantastic opportunity for investors or those seeking a second home that can also generate income. This home is a MUST-SEE! Don't miss the video or 3D tour. Due from buyer at closing: $45,000 equity membership refundable at closing, non-refundable $13,529.16 capital contribution.

Last Agent to Sell the Property

Christy Hughes

Coldwell Banker Schmitt Islamorada License #3265558 Listed on: 07/27/2024

Coldwell Banker Schmitt Islamorada

Last Buyer's Agent

outside mls - FKBR

Outside Of MLS - FKBR

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,783

Year Built

  • Built in 2005

HOA Fees

  • $2,831 Monthly HOA Fees

Property Views

  • Ocean
  • Harbor

Interior Spaces

  • 2,635 Sq Ft Home
  • Entrance Foyer
  • Tile Flooring

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Electric Gate
  • Open Parking

Outdoor Features

  • In Ground Pool
  • Balcony
  • Patio

Utilities

  • Central Air
  • Separate Meters
  • Public Hookup Available For Sewer

Additional Features

  • Handicap Accessible
  • Ocean Front

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 1
  • Assessor Parcel Number 00554895-000321

Community Details

Overview

  • Association fees include cable, security, common area mnt, building insurance, bldg exterior mnt, water
  • 118 Units
  • Key Largo North Marnier's Club Subdivision

Amenities

  • Clubhouse

Recreation

  • Boat Dock
  • Beach
  • Tennis Courts
  • Community Pool
  • Community Spa

Pet Policy

  • Pet Restriction: owners/renters 6 mo+

Security

  • Gated with Attendant
  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,783

Year Built

Built in 2005

Lot Details

0

HOA Fees

$2,831 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Approval Required: No
  • Association Fee: 8494.48
  • Mandatory HOA: Yes
  • Control Depth: 3
  • Document Count: 3
  • Fee Includes: Cable, Other, Security, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Water
  • Handicap Access: Yes
  • Key Island: Key Largo
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 97.00
  • Min Rental Days: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Spa, Other Area Features, Beach, Tennis Courts, Clubhouse, Community Dockage
  • Pets W Restrictions: owners/renters 6 mo+
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 4782.53
  • Title: Title Ins - Buyer
  • Vehicle Storage: Open Parking
  • Year Built: 2005
  • Alternate Key Number: 9085122
  • Cooling Heating: Central Air
  • Pool Info: In Ground
  • Porch Balcony: Open Porch/Balcony, Patio
  • Association Maintenance Fee Per: Quarterly
  • Association Info Condo Docs: Yes
  • Species List: Yes
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 2635.00
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Split Bedroom, Granite Counter Top, Walk-in Closet(s), Entrance Foyer
  • Floor Number: 2.00
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Other
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 4
  • Sq Ft Remarks: all on one level

Exterior Features

  • Dockage: Basin, Other Dockage
  • Waterfront: Oceanfront
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Tennis Court(s)
  • Waterview: Ocean View, Harbor/Marina View
  • Pool: Yes

Utilities

  • Security: Electric Gate, Manned Gate
  • Utilities: FKAA, Elect Separate Meter, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE,VE,AE
  • Parcel Number: 00554895-000321
  • Lot Size: complex 25 acres per site plan
  • Land Size: 10 or more Acres
  • Acres: 25.00

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2023

Multi Family

  • Total Units: 118.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2024
Closed on
Oct 11, 2024
Sold by
White Stephen Paul and White Anne Louise
Bought by
Flint Aaron Joseph and Flaxman Andrew
Seller's Agent
Christy Hughes
Coldwell Banker Schmitt Islamorada
Buyer's Agent
outside mls - FKBR
Outside Of MLS - FKBR
List Price
$2,000,000
Sold Price
$2,000,000
Views
15
Current Estimated Value
$1,973,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,044
Avg. Annual Appreciation
-2.11%
Original Mortgage
$1,372,000
Outstanding Balance
$1,364,236
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$606,618

Purchase Details

Listed on
Jun 25, 2013
Closed on
Mar 7, 2014
Sold by
Iberiabank
Bought by
White Stephen Paul and White Anne Louise
Seller's Agent
Claudette Mell
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
Buyer's Agent
Melba Wilson
Coldwell Banker Schmitt R.e.
List Price
$599,000
Sold Price
$650,000
Premium/Discount to List
$51,000
8.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.19%

Purchase Details

Closed on
Feb 1, 2013
Sold by
Banta Lynn and Case #44-2010-Ca-000790-P
Bought by
Iberiabank

Purchase Details

Closed on
Jan 22, 2013
Sold by
Banta Lynn and Haas Richard K
Bought by
Iberiabank

Purchase Details

Closed on
Mar 19, 2008
Sold by
Ocean Key Associates Ltd
Bought by
Haas Richard K and Banta Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,000,000 Broward Title
Special Warranty Deed $650,000 Attorney
Trustee Deed -- None Available
Trustee Deed -- None Available
Special Warranty Deed $1,064,300 Premier Title Company Ltd
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,372,000 New Conventional
Previous Owner $750,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2024 10/11/24 Sold $2,000,000 0.0% $759 / Sq Ft
08/16/2024 08/16/24 Pending -- -- --
07/27/2024 07/27/24 For Sale $2,000,000 +207.7% $759 / Sq Ft
03/10/2014 03/10/14 Sold $650,000 +8.5% $247 / Sq Ft
07/17/2013 07/17/13 Pending -- -- --
06/25/2013 06/25/13 For Sale $599,000 -- $227 / 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 $4,783 $581,986 -- --
2023 $4,783 $565,035 $0 $0
2022 $4,505 $548,578 $0 $0
2021 $4,585 $532,600 $0 $532,600
2020 $4,552 $525,247 $0 $525,247
2019 $4,461 $513,438 $0 $513,438
2018 $4,456 $503,865 $0 $0
2017 $4,359 $493,502 $0 $0
2016 $4,416 $483,352 $0 $0
2015 $4,468 $479,992 $0 $0
2014 $4,948 $479,992 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 610915

Florida Keys Board of REALTORS®

APN: 00554895-000321