NOT LISTED FOR SALE

Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,270,106 - $1,829,000

0.09 Acre
$16,146,564 Price per Acre
4,095 Sq Ft Lot

Last Sold February 23, 2024

Last sale price $1,300,000 $917 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $9,035/month

5 Days on Market

About This Lot

As of February 2024

Discover the perfect canvas for your dream business, apartments, or both with this ROGO Exempt, 4,100 SF lot located on the iconic Duval St in Key West. Positioned in Old Town Key West, this commercially zoned and buildable property invites both investors and visionaries to explore a variety of opportunities. Create a dynamic space by establishing a business on the ground floor with the option to incorporate apartments above, or focus solely on residential or commercial usage. The versatile nature of this lot allows for endless possibilities, catering to your unique vision. Additionally, seize the advantage of being in the receivership zone for transient licenses. This prime location is ready for your innovative development.

Last Listed By

Solaris Gregory

Expert Realty LLC (HQ) License #3445338 Listed on: 01/29/2024

Property Details

Property Type

Land

Est. Annual Taxes

$6,485

Year Built

1924

Lot Details

0

Listing Details

  • Property Type: Lots and Land
  • Document Count: 2
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Property Group I D: 19990816212131825981000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 6484.64
  • Alternate Key Number: 1029220
  • Lot Sq Ft: 4100.00
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Miscellaneous Info Mobile Home Lot: No
  • R O G O Exempt: Yes
  • Tax Exemptions: None
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 1924

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Waterview: No Waterview

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE
  • Parcel Number: 00028430-000000

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2024
Closed on
Feb 23, 2024
Sold by
Morgan Hugh J and Morgan Yadira
Bought by
1225 Duval Street Llc
Seller's Agent
Solaris Gregory
Expert Realty LLC (HQ)
Buyer's Agent
Saltwater Group
Saltwater Real Estate Florida Keys, Inc
List Price
$1,499,000
Sold Price
$1,300,000
Premium/Discount to List
-$199,000
-13.28%
Total Days on Market
5
Views
20
Current Estimated Value
$1,517,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,777
Avg. Annual Appreciation
6.49%

Purchase Details

Closed on
Jan 14, 2019
Sold by
Morgan Hugh J
Bought by
Morgan Hugh J and Morgan Yadira

Purchase Details

Closed on
Nov 20, 2018
Sold by
Morgan Hugh J
Bought by
Morgan Hugh J and Morgan Yadira

Purchase Details

Closed on
Jan 25, 2007
Sold by
Stebbins Consuelo E
Bought by
Morgan Hugh J

Range of Values:

Collateral Analytics

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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
1225 Duval Street Llc $1,300,000 None Listed On Document
Morgan Hugh J -- None Listed On Document
Morgan Hugh J -- None Listed On Document
Morgan Hugh J -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morgan Hugh J $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2024 02/23/24 Sold $1,300,000 -7.1% $917 / Sq Ft
02/03/2024 02/03/24 Pending -- -- --
02/02/2024 02/02/24 Price Changed $1,400,000 -6.6% $987 / Sq Ft
01/29/2024 01/29/24 For Sale $1,499,000 -- $1,057 / Sq Ft
Source: Key West Association 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 $6,485 $1,438,608 $1,438,608 --
2023 $6,485 $1,205,892 $1,205,892 $0
2022 $5,473 $934,390 $934,390 $0
2021 $4,829 $691,096 $691,096 $0
2020 $4,665 $685,807 $685,807 $0
2019 $4,661 $722,830 $722,830 $0
2018 $4,319 $648,085 $648,085 $0
2017 $4,233 $648,085 $0 $0
2016 $4,008 $570,892 $0 $0
2015 $3,426 $410,248 $0 $0
2014 $2,867 $261,963 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Solaris Gregory

    Seller's Agent in 2024

    Solaris Gregory

    Expert Realty LLC (HQ)

    (305) 394-3442

    15 in this area

    87 Total Sales

    Solaris Gregory
    Section Image

  • S

    Buyer's Agent in 2024

    Saltwater Group

    Saltwater Real Estate Florida Keys, Inc

    (305) 587-8918

    8 in this area

    19 Total Sales

    Saltwater Group
    Section Image
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Source: Key West Association of REALTORS®

MLS Number: 608400

Key West Association of REALTORS®

APN: 00028430-000000

Florida Monroe County Key West 33040

Old Town

Homes for Sale in Key West, FL

This home since 29 January 2024 and is currently estimated at $1,517,777, approximately $1,070 per square foot. This property was built in 1924. This home is a home located in Monroe County with nearby schools including Horace O'Bryant School, Key West High School, and May Sands Montessori School.

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.

Key West Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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