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Sold for $1,361,440
  • $1,361,440

    5 Ibis Ln, Key West, FL 33040

    3beds
    1,450sqft
    Single Family Residence
    Built in 1982
    6,098 Square Feet Lot
    $1,316,900 Zestimate®
    $939/sqft
    $4,913 Estimated rent

    Home value

    $1,316,900

    $1.22M - $1.41M

    $4,913/mo

    Zestimate® history
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    What's special

    Stunning Geiger Key oasis with gorgeous Water Views just fifteen minutes from exciting Key West! This Boca Chica Ocean Shores home has it all; inside the expansive 3 Bedroom 2 Bathroom floor plan, a bright and welcoming open-concept main living space lends itself to entertaining. A well-equipped kitchen features a generous island, abundant cabinetry for storage, gas range, and granite countertops. The spacious primary retreat boasts an en suite bathroom and breathtaking Water Views. Two additional guest bedrooms offer plenty of space for a family or for hosting guests. Enjoy serene outdoor living space on the sizable open balcony, an ideal space for sipping morning coffee or evening cocktails. The neighboring beachfront lot is government-owned, ensuring privacy and unobstructed Open Water Views. Downstairs, the property if fully outfitted for frequent boating adventures with ease. The composite dock comes complete with a boat lift for added convenience. After a day on the water, rinse away salt and sand in the outdoor shower. Relax in the shade of the well-appointed tiki hut, or grill your fresh catch by the waterside on the observation deck; perfect for al fresco dining and entertaining friends. Bonus storage space under the home provides dry storage for keeping fishing gear and equipment out of the elements. The property offers an abundance of open and covered parking, as well as RV hookup with 220 service and pump-out station. Additional property features include a tankless water heater, impact windows and sliding glass doors, and sleek modern finishes. Lush tropical landscaping envelops the lot, offering loads of privacy. Located just minutes to boat ramps in both Geiger Key and Big Coppitt, this home is an ideal location for the avid boater. Nestled on a quiet street but just a short drive to all the action in Key West, this property is a must-see! Schedule a tour today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Lisa H Ferringo,

    Coldwell Banker Schmitt Lower Keys (KW)

    Bought with:

    Sarah Eckert, 3527281

    Coldwell Banker Schmitt Real Estate Co. (KW)

    Vic Musmanno, 673105

    Coldwell Banker Schmitt Real Estate Co. (KW)

    Source: FLKMLS,MLS#: 607359MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Cooling
    • Central Air, Ceiling Fans(s), Ductless
    Appliances
    • Included: Dishwasher, Refrigerator, Oven, Microwave, Freezer, Gas Appliances, Stainless Steel Appliance(s)
    Features
    • Built-in Features, Granite Counters, Storage, Bar
    • Flooring: Tile, Vinyl
    Interior area
    • Total structure area: 1,450
    • Total interior livable area: 1,450 sqft

    Property

    Parking
    • Parking features: Open, RV Access/Parking, Storage
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Open Porch/Balcony, Deck
    • Exterior features: Bar, Chickee Hut, Lighting, Outdoor Shower, Storage
    • On waterfront: Yes
    Lot
    • Size: 6,098 Square Feet
    Details
    • Parcel number: 00142200000000
    • Zoning: SS - Sparsely Settled Residential District

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Frame, Hardi Board Siding
    Condition
    • Year built: 1982

    Community & HOA

    Community
    • Features: Beach, Bike Paths
    • Subdivision: Boca Chica Ocean Shr (10.0)
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Key West

    Financial & listing details

    • Price per square foot: $939/sqft
    • Tax assessed value: $1,099,228
    • Annual tax amount: $5,329
    • Date on market: 11/9/2023
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    6/7/2024Sold$1,361,440+4.8%$939/sqft
    Source: FLKMLS #607359 Report a problem
    5/10/2024Contingent$1,299,000$896/sqft
    Source: Key West AOR #607359 Report a problem
    5/4/2024Price change$1,299,000-13.3%$896/sqft
    Source: Key West AOR #607359 Report a problem
    11/9/2023Listed for sale$1,499,000+130.6%$1,034/sqft
    Source: Key West AOR #607359 Report a problem
    11/23/2020Sold$650,000-5.5%$448/sqft
    Source: Florida Gulf Coast MLS #220039568 Report a problem
    10/24/2020Listed for sale$688,000+1.3%$474/sqft
    Source: Loffreno Real Estate #591393 Report a problem
    7/13/2020Listing removed$679,000$468/sqft
    Source: Loffreno Real Estate, Inc. #220039568 Report a problem
    6/30/2020Pending sale$679,000$468/sqft
    Source: Loffreno Real Estate, Inc. #220039568 Report a problem
    6/24/2020Listed for sale$679,000+57.9%$468/sqft
    Source: Loffreno Real Estate, Inc. #220039568 Report a problem
    5/14/2018Sold$430,000-13.7%$297/sqft
    Source: Public Record Report a problem
    1/23/2018Listed for sale$498,000$343/sqft
    Source: Beach Club Brokers Inc (KW) #578374 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$10,077 +77.2%$1,099,228 +68.8%
    2024$5,686 +3.7%$651,126 +2.5%
    2023$5,481 +2.8%$635,209 +3%
    2022$5,329 +1.3%$616,708 +16.1%
    2021$5,259 +41.7%$531,310 +48.2%
    2020$3,712 $358,513 -0.6%
    2019$3,712 -0.8%$360,645 +6.6%
    2018$3,742 +3.3%$338,472 +139.4%
    2017$3,623 +171.5%$141,364 +2.1%
    2016$1,335 -0.1%$138,457 +0.7%
    2015$1,336 $137,495
    Find assessor info on the county website

    Neighborhood: 33040

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,316,900
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,316,900