NOT LISTED FOR SALE

89389 Old Hwy Tavernier, FL 33070

Estimated Value: $2,822,000 - $7,216,000

3 Beds
2.5 Baths
2,928 Sq Ft
$2,021/Sq Ft Est. Value

Last Sold January 13, 2022

Last sale price $5,300,000 $1,810 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $35,769/month

13 Days on Market

Highlights

  • Ocean Front
  • Concrete Pool
  • Cathedral Ceiling
  • Plantation Key School Rated A-
  • 2.4 Acre Lot
  • 1-minute walk to Indian Key

About This Home

As of January 2022

Ocean Blue ~ Lovely oceanfront estate on over 2 acres in Islamorada. Gated entry to your winding driveway through the trees to lead you to your own sprawling seaside sanctuary. This 3 bedrooms 2.5 bath home is waiting for you. Spacious 2 car garage and storage on the lower level. Open breezeway to your outdoor covered living areas steps from your custom designed oceanfront pool with two sunning shelf areas complete with water features. Interior stairwell opens to your inviting large great room with cathedral ceilings allowing more natural light and views of the ocean. A stunning kitchen with two sinks and beautiful bar counter all overlooking the ocean. The 3 bedrooms and 2 .5 baths have an ideal layout with spacious master suite situated overlooking the ocean. Big walk in closet and master bath. A large laundry room/office allows for ample storage opportunities. The porch extends the length of the home and offers an outdoor extension of your living and dining areas to enjoy the captivating views and ocean breezes. Pier dock for your watercraft dockage. Enjoy a fund day of boating, fishing, diving and simply enjoying the island lifestyle the Keys has to offer.

Last Agent to Sell the Property

Joy Martin

Marr Properties, Inc. License #524075 Listed on: 12/01/2021

Last Buyer's Agent

Patricia Nickless

Prudential Keyside Prop/BPK

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,143

Year Built

  • Built in 1991

Lot Details

  • 2.4 Acre Lot
  • Ocean Front
  • Fenced
  • Property is zoned R1 - Residential Single Family

Home Design

  • Metal Roof

Interior Spaces

  • 2,928 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Entrance Foyer
  • Storage
  • Utility Room
  • Tile Flooring
  • Ocean Views
  • Complete Accordion Shutters

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Car Garage
  • Carport
  • Open Parking
  • Off-Street Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool

Outdoor Features

  • Dock made with Composite Material
  • Balcony
  • Patio
  • Outdoor Storage

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Misc Plantation Key Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00092520-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,143

Year Built

Built in 1991

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 Dock: Composite
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Plantation Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 88.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 26143.43
  • Vehicle Storage: Garage, Covered Parking, Off Street Parking, Open Parking, Carport
  • Vehicle Storage Cars: 4+
  • Year Built: 1991
  • Alternate Key Number: 1107271
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 67039.00
  • Pool Info: In Ground, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Patio
  • License Info: Non Trans Rntl Lic
  • Shutters: Accordion, Other
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2928.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cathedral Ceilings, Walk-in Closet(s), Storage, Built-in Cabinets, Entrance Foyer
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Appliances: Washer, Wine Cooler, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room, Utility Room
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Fencing, Storage
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: VE,AE,AE,AE,VE,VE
  • Parcel Number: 00092520-000000
  • Land Size: 1 Less Than 2 Acres
  • Acres: 2.40

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2021
Closed on
Jan 12, 2022
Sold by
89389 Old Highway Llc
Bought by
David J Lackland St John Revocable Trust
Seller's Agent
Joy Martin
Marr Properties, Inc.
Buyer's Agent
Patricia Nickless
Prudential Keyside Prop/BPK
List Price
$5,500,000
Sold Price
$5,300,000
Premium/Discount to List
-$200,000
-3.64%
Current Estimated Value
$5,916,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$616,503
Avg. Annual Appreciation
3.06%

Purchase Details

Closed on
Sep 1, 2015
Sold by
Gray Kenneth E and Gray Susan W
Bought by
89389 Old Highway Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,200,000
Interest Rate
4.02%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 1, 1990
Bought by
89389 Old Highway Llc

Purchase Details

Closed on
May 1, 1989
Bought by
89389 Old Highway 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
David J Lackland St John Revocable Trust $5,300,000 Shumaker Loop & Kendrick Llp
89389 Old Highway Llc $3,300,000 Attorney
89389 Old Highway Llc $322,000 --
89389 Old Highway Llc $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 89389 Old Highway Llc $2,200,000
Previous Owner Gray Kenneth E $363,000
Previous Owner Gray Kenneth E $350,000
Previous Owner Gray Kenneth E $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2022 01/13/22 Sold $5,300,000 -3.6% $1,810 / Sq Ft
12/14/2021 12/14/21 Pending -- -- --
12/01/2021 12/01/21 For Sale $5,500,000 -- $1,878 / 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 $45,377 $5,526,288 $4,593,580 $932,708
2023 $45,377 $4,940,635 $4,018,732 $921,903
2022 $30,269 $3,961,395 $3,029,534 $931,861
2021 $25,864 $2,637,625 $1,955,927 $681,698
2020 $26,143 $2,654,944 $1,955,927 $699,017
2019 $26,073 $2,594,539 $1,883,860 $710,679
2018 $25,399 $2,537,905 $1,931,457 $606,448
2017 $25,546 $2,608,000 $0 $0
2016 $29,138 $2,805,879 $0 $0
2015 $16,783 $1,671,102 $0 $0
2014 $16,825 $1,657,839 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 598655

Florida Keys Board of REALTORS®

APN: 00092520-000000