$885,000
SOLD JUL 10, 2024

97501 Overseas Hwy Unit 708 Key Largo, FL 33037

3 Beds
3.5 Baths
2,124 Sq Ft
$2,575/mo HOA Fee

Recently Sold

$417 Per Sq Ft

16% Below List Price

281 Days on Market

Highlights

  • Marina
  • Fitness Center
  • Fishing
  • Coral Shores High School Rated A
  • Newly Remodeled
  • 1-minute walk to Schwingggg

About This Home

As of July 2024

Mariners Club is pure paradise! Perfect combination of resort-style Florida Keys get-away AND investment property. In the heart of Key Largo, it's close to restaurants, shops and all the fishing and diving you could ever hope for! You will love the incredible amenities: oceanfront marina, beach, pools, tennis, pickle ball, clubhouse and gym. Large guest suite on the lowest level connects, by interior staircase, to the rest of the home for a total of 3 bedrooms and 3.5 baths. Excellent rental history. Dockage available for owners or guests. Pet friendly for owners and long term renters. There is no max or min number of days to rent in Mariners Club. Due from buyer at closing: $45,000 equity membership refundable at closing, non refundable $14,053.02 capital contribution.

Last Agent to Sell the Property

Christy Hughes

Coldwell Banker Schmitt Real E License #3265558 Listed on: 10/02/2023

Coldwell Banker Schmitt Real E

Last Buyer's Agent

Jennifer Estefan Casais

Luxe Properties License #3543906

Luxe Properties

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,822

Year Built

  • Built in 2003 | Newly Remodeled

HOA Fees

  • $2,575 Monthly HOA Fees

Parking

  • 2 Car Parking Spaces

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,124 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Tile Flooring
  • Garden Views

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Bathtub
  • Shower Only

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Patio
  • Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 00554891-007400

Community Details

Overview

  • 12 Units
  • Club Membership Required
  • Mariners Club Condos
  • Key Largo North Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Marina
  • Community Basketball Court
  • Fitness Center
  • Heated Community Pool
  • Fishing

Pet Policy

  • Breed Restrictions

Security

  • Security Guard

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,822

Year Built

Built in 2003 | Newly Remodeled

Lot Details

0

HOA Fees

$2,575 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2003
  • Property Sub Type: Townhouse
  • Entry Level: 1
  • Garage Yn: No
  • Horses: No
  • Unit Levels: 3
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Townhouse Fee Simple, Townhouse
  • Subdivision Name: KEY LARGO NORTH
  • Year Built Details: New Construction
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Other, Tile
  • Furnished: Furnished
  • Living Area: 2124
  • Possible Use: Secondary
  • Stories: 3
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bath Shower, Primary Bath Tub, Primary Bedroom Upstairs

Exterior Features

  • View: Garden View
  • Exterior Features: None, Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony, Open Porch, Patio
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: Mariners Club
  • Parking Features: 2 Or More Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Guard At Site

Condo/Co-op/Association

  • Association Fee: 7724
  • Amenities: Basketball Court, Barbecue, Clubhouse-Clubroom, Exercise Room, Fishing Pier, Heated Pool, Marina
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 00554891-007400
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Number Of Units In Community: 12
  • Number Of Units Total: 12

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4822

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2023
Closed on
Jul 9, 2024
Sold by
Palmiotto Dina and Palmiotto Jennifer
Bought by
Estefan Jose Roman and Deestefan Patrica De
Seller's Agent
Christy Hughes
Coldwell Banker Schmitt Real E
Buyer's Agent
Jennifer Estefan Casais
Luxe Properties
List Price
$1,050,000
Sold Price
$885,000
Premium/Discount to List
-$165,000
-15.71%
Total Days on Market
281
Views
220
Current Estimated Value
$935,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,651
Avg. Annual Appreciation
6.53%
Original Mortgage
$509,000
Outstanding Balance
$505,178
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$430,473

Purchase Details

Listed on
Sep 26, 2019
Closed on
Jul 28, 2020
Sold by
Caires Murphy Maria Jose De and Caires Maria Jose
Bought by
Palmiotto Dina and Palmiotto Jennifer
Seller's Agent
Iris Marie McDonald
Illustrated Properties, LLC
Buyer's Agent
Christy Hughes
Moorings Realty, Inc
List Price
$565,000
Sold Price
$545,000
Premium/Discount to List
-$20,000
-3.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.06%
Original Mortgage
$408,750
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 1, 2016
Closed on
Oct 21, 2016
Sold by
97501 Mariners Club Llc
Bought by
Decaires Maria Jose
Seller's Agent
Silvestri Team Jeanette & Janessa Silves
Coldwell Banker Schmitt Key Largo
Buyer's Agent
Creative Technology
List Price
$469,000
Sold Price
$465,000
Premium/Discount to List
-$4,000
-0.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.30%
Original Mortgage
$130,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2008
Sold by
Holt Anderson Robert F and Holt Judd Lee
Bought by
Mariners Club Llc

Purchase Details

Closed on
Jul 15, 2008
Sold by
Holt Anderson Robert F and Holt Judd Lee
Bought by
Mariners Club Llc

Purchase Details

Closed on
Mar 17, 2008
Sold by
Holt John T
Bought by
Holt Anderson Robert F and Holt Judd Lee

Purchase Details

Closed on
Apr 23, 2007
Sold by
Holt John T
Bought by
Nomura & Credit Capital Llc

Purchase Details

Closed on
May 2, 2006
Sold by
Judd Lee H and Wilson Sarepta P
Bought by
Wilson Sarepta P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
6.33%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 16, 2004
Sold by
Eckhardt Marshall and Eckhardt Sharon
Bought by
Judd Lee H and Wilson Sarepta P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$745,600
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 2003
Bought by
97501 Mariners Club Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
4.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 16, 2002
Bought by
97501 Mariners Club Llc

Purchase Details

Closed on
Mar 20, 2002
Bought by
97501 Mariners Club Llc

Purchase Details

Closed on
Sep 1, 1991
Bought by
97501 Mariners Club Llc
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 $885,000 Fv Title & Escrow Llc
Warranty Deed $545,000 Coastal Title & Closing Servic
Warranty Deed $465,000 Attorney
Quit Claim Deed $375,000 Attorney
Quit Claim Deed $375,000 Attorney
Warranty Deed -- Attorney
Trustee Deed -- None Available
Trustee Deed -- None Available
Warranty Deed $1,300,000 Comprehensive Title Co
Warranty Deed $932,000 --
Warranty Deed $850,000 --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $509,000 New Conventional
Previous Owner $408,750 New Conventional
Previous Owner $319,000 New Conventional
Previous Owner $130,000 New Conventional
Previous Owner $975,000 Fannie Mae Freddie Mac
Previous Owner $200,000 Unknown
Previous Owner $198,000 Unknown
Previous Owner $745,600 Purchase Money Mortgage
Previous Owner $130,000 Credit Line Revolving
Previous Owner $595,000 Unknown
Closed $93,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2024 07/10/24 Sold $885,000 -0.1% $417 / Sq Ft
05/24/2024 05/24/24 Price Changed $885,525 -4.3% $417 / Sq Ft
04/18/2024 04/18/24 Price Changed $925,525 -1.1% $436 / Sq Ft
04/03/2024 04/03/24 Price Changed $935,525 -2.1% $440 / Sq Ft
03/25/2024 03/25/24 Price Changed $955,525 -4.0% $450 / Sq Ft
02/23/2024 02/23/24 Price Changed $995,525 -5.2% $469 / Sq Ft
10/02/2023 10/02/23 For Sale $1,050,000 +92.7% $494 / Sq Ft
07/28/2020 07/28/20 Sold $545,000 -3.5% $257 / Sq Ft
06/15/2020 06/15/20 Pending -- -- --
05/11/2020 05/11/20 For Sale $565,000 0.0% $266 / Sq Ft
05/05/2020 05/05/20 Pending -- -- --
01/04/2020 01/04/20 For Sale $565,000 +2.7% $266 / Sq Ft
12/03/2019 12/03/19 Pending -- -- --
09/26/2019 09/26/19 For Sale $550,000 +18.3% $259 / Sq Ft
10/21/2016 10/21/16 Sold $465,000 -0.9% $219 / Sq Ft
08/20/2016 08/20/16 Pending -- -- --
08/01/2016 08/01/16 For Sale $469,000 -- $221 / 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 $5,738 $779,380 $338,000 $441,380
2023 $5,738 $863,020 $435,000 $428,020
2022 $4,822 $683,019 $250,000 $433,019
2021 $4,113 $456,052 $75,000 $381,052
2020 $3,568 $386,993 $73,200 $313,793
2019 $3,795 $392,281 $75,000 $317,281
2018 $4,108 $422,254 $85,565 $336,689
2017 $3,875 $395,581 $0 $0
2016 $3,506 $338,282 $0 $0
2015 $3,402 $318,751 $0 $0
2014 $3,542 $324,315 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11462180

MIAMI REALTORS® MLS

APN: 00554891-007400