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Sold for $1,200,000
  • $1,200,000

    7 Cormorant Ln, Key West, FL 33040

    3beds
    1,200sqft
    Single Family Residence
    Built in 1997
    0.34 Acres Lot
    $1,201,500 Zestimate®
    $1,000/sqft
    $4,910 Estimated rent

    Home value

    $1,201,500

    $1.12M - $1.29M

    $4,910/mo

    Zestimate® history
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    What's special

    Seller has purchased another home and is very motivated to sell, will look at all offers and will offer seller financing for this fantastic property for sale in Geiger Key, an idyllic island paradise in the Florida Keys. This picturesque waterfront home is situated on 2.5 lots with private bay bottom ownership, making it a rare gem in this area. This property is nestled on a private cul-de-sac, with water on two sides, affording unparalleled privacy and tranquility. With plenty of room for a pool, this home is the perfect place to create your own island retreat. The outdoor space is equipped with lots of storage for many water toys, making it effortless to enjoy the crystal-clear waters surrounding the property where manatees and lots of tropical fish reside. After a day on the water, park your boat in your protected boat basin and fillet your catch at the expansive fish fillet station under the large tiki hut while your guests enjoy a cold drink. For a quick sunset ride, a kayak launch offers easy access to explore the waterways leading to the open bay where famous Keys sunsets are enjoyed. The home boasts a plethora of raised garden beds, perfect for cultivating herbs, fruits, and vegetables, and with no neighbors on either side, this home boasts complete privacy. The property offers two entrances, both with patios, giving ample opportunities to enjoy the sunshine and tropical breeze. Upon entry, a beautifully designed open-concept living area flows seamlessly into the kitchen. The kitchen is equipped with lots of storage space, perfect for storing all culinary essentials, and features a peninsula with bar seating, creating an ideal space for entertaining guests while cooking up the day's catch. Within walking distance to Geiger Key Marina, local Restaurant, and the Beach, so you'll always be close to the action at this slice of paradise. Take advantage of the opportunity to own this exemplary property in Geiger Key, the perfect place to call home!

    Zillow last checked:

    Listing updated:

    Listed by:

    Lisa H Ferringo,

    Coldwell Banker Schmitt Lower Keys (KW)

    Bought with:

    Expert Realty LLC (HQ)

    Source: FLKMLS,MLS#: 610620MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Central Air, Wall/Window Unit(s), Ceiling Fans(s)
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Stainless Steel Appliance(s)
    Features
    • Built-in Features, Granite Counters, Storage
    • Flooring: Tile, Vinyl
    Interior area
    • Total structure area: 1,200
    • Total interior livable area: 1,200 sqft

    Property

    Parking
    • Parking features: Open, RV Access/Parking, Storage
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Open Porch/Balcony, Deck
    • Exterior features: Chickee Hut, Fruit Tree(s), Storage
    • Fencing: Fenced
    • On waterfront: Yes
    Lot
    • Size: 0.34 Acres
    Details
    • Additional structures: Shed(s)
    • Parcel number: 00141640000000
    • Zoning: SS - Sparsely Settled Residential District

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • CBS
    Condition
    • Year built: 1997

    Community & HOA

    Community
    • Features: Community Boat Ramp, 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: $1,000/sqft
    • Tax assessed value: $982,429
    • Annual tax amount: $3,120
    • Date on market: 7/1/2024
    • Listing terms: Seller Finance Psble,Cash,Conventional

    Price history

    DateEventPrice
    7/1/2024Sold$1,200,000-7.6%$1,000/sqft
    Source: FLKMLS #610620 Report a problem
    2/27/2024Price change$1,299,000-1.5%$1,083/sqft
    Source: MLKAR #605271 Report a problem
    1/19/2024Price change$1,319,000-3.7%$1,099/sqft
    Source: MLKAR #605271 Report a problem
    12/27/2023Price change$1,369,000-1.4%$1,141/sqft
    Source: MLKAR #605271 Report a problem
    10/23/2023Price change$1,389,000-0.7%$1,158/sqft
    Source: FLKMLS #605271 Report a problem
    5/12/2023Listed for sale$1,399,000+2.2%$1,166/sqft
    Source: Key West AOR #605271 Report a problem
    5/31/2022Listing removed--
    Source: FLKMLS #599073 Report a problem
    3/23/2022Price change$1,369,000-1.8%$1,141/sqft
    Source: FLKMLS #599073 Report a problem
    1/20/2022Price change$1,394,000-0.4%$1,162/sqft
    Source: Key West AOR #599073 Report a problem
    1/6/2022Listed for sale$1,399,000$1,166/sqft
    Source: Key West AOR #599073 Report a problem
    1/6/2022Listing removed--
    Source: Key West AOR #598561 Report a problem
    11/20/2021Listed for sale$1,399,000-0.1%$1,166/sqft
    Source: FLKMLS #598561 Report a problem
    10/28/2021Listing removed--
    Source: Owner Report a problem
    7/14/2021Listed for sale$1,399,999+171.8%$1,167/sqft
    Source: Owner Report a problem
    12/2/2005Sold$515,000+74.6%$429/sqft
    Source: FLKMLS #530256 Report a problem
    4/12/2002Sold$295,000+24.5%$246/sqft
    Source: Public Record Report a problem
    12/23/1998Sold$237,000$198/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,339 +177%$982,429 +185.4%
    2024$3,371 +5.2%$344,195 +3%
    2023$3,206 +2.7%$334,170 +3%
    2022$3,121 -2%$324,437 +3%
    2021$3,184 +0.6%$314,988 +1.4%
    2020$3,165 $310,640 +2.3%
    2019$3,165 +1.9%$303,656 +1.9%
    2018$3,107 -0.3%$297,995 +2.1%
    2017$3,116 +2.8%$291,866 +2.1%
    2016$3,031 -0.5%$285,863 +0.7%
    2015$3,045 $283,876
    Find assessor info on the county website

    Neighborhood: 33040

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,201,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,201,500