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Sold for $3,300,000
  • $3,300,000

    861 12th St, Key Colony Beach, FL 33051

    4beds
    5,186sqft
    Single Family Residence
    Built in 1984
    0.63 Acres Lot
    $4,080,800 Zestimate®
    $636/sqft
    $6,799 Estimated rent

    Home value

    $4,080,800

    $3.63M - $4.61M

    $6,799/mo

    Zestimate® history
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    What's special

    To the contractor with a vision, this 5,186 square foot canvas is calling out for your creative touch. Can you see the potential? The solid foundation is just waiting for you to transform it into the most luxurious retreat in the Keys. With every brushstroke and design choice, you'll be adding value not just to a property, but to a lifestyle. Imagine yourself standing on the edge of paradise, where the turquoise waters of the Florida Keys sparkle under the warm sun. As you gaze out from 861 12th St in Key Colony Beach, you can almost feel the salt breeze on your skin and hear the gentle lapping of waves against the seawall. Picture yourself waking up each morning to breathtaking views of the ocean, the golden sunlight dancing across the water's surface. As you step onto your private terrace, you're greeted by the sight of your boat gently bobbing in the protected harbor, ready for another day of adventure on the open seas. For the aviator in you, imagine the thrill of taking off from nearby Million Air FBO, soaring above the stunning island chain, and returning home to your personal slice of heaven. The convenience of having your aircraft just minutes away opens up a world of possibilities. To the contractor with a vision, this 5,186 square foot canvas is calling out for your creative touch. Can you see the potential? The solid foundation is just waiting for you to transform it into the most luxurious retreat in the Keys. With every brushstroke and design choice, you'll be adding value not just to a property, but to a lifestyle. Sailors, feel the freedom of having 390 feet of concrete seawall at your disposal, with deep water berthing for vessels up to 60 feet. The dual water frontage offers both the excitement of open water and the security of a sheltered canal. This is more than just a home; it's your gateway to world-class fishing, diving, and endless nautical adventures. As you walk through the spacious 4-bedroom, 3-bathroom layout, envision the memories you'll create here. Family gatherings on the waterfront terraces, quiet evenings watching the sunset paint the sky, and the seamless blend of indoor and outdoor living that defines the Florida Keys experience. Nestled in Key Colony Beach's most desirable area, you're perfectly positioned to enjoy both the vibrant energy of Miami and the laid-back charm of Key West. This isn't just a location; it's the heart of paradise itself. Can you see yourself here? Can you feel the peace, the excitement, the limitless potential? This rare opportunity is more than an investment in property; it's an investment in the lifestyle you've always dreamed of. It's your chance to own a piece of paradise and create a legacy that will last for generations. The Keys to your future are waiting. Are you ready to turn this diamond in the rough into your personal crown jewel? Your dream life in the Florida Keys is just one decision away. Make it yours.

    Zillow last checked:

    Listing updated:

    Listed by:

    Ashkarian Ardis Team 305-395-0814,

    Coldwell Banker Schmitt Real Estate Co.

    Bought with:

    Christina Noel Davis, SL3351811

    Coldwell Banker Schmitt RE Co.

    Source: FLKMLS,MLS#: 610048MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Oven, Microwave
    • Laundry: Laundry Room
    Features
    • Built-in Features, Granite Counters, Elevator, Storage, Walk-in Closet(s), Bar
    • Flooring: Tile, Carpet
    • Furnished: Yes
    Interior area
    • Total structure area: 5,186
    • Total interior livable area: 5,186 sqft

    Property

    Parking
    • Parking features: Open, Storage
    • Has garage: Yes
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Open Porch/Balcony, Patio
    • Exterior features: Fruit Tree(s)
    • Has private pool: Yes
    • Pool features: In Ground, Concrete, Decked
    • On waterfront: Yes
    Lot
    • Size: 0.63 Acres
    Details
    • Parcel number: 00079871003300
    • Zoning: R-1A - Key Colony Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • CBS
    Condition
    • Year built: 1984

    Utilities & green energy

    • Utilities for property: Water Separate Meter, Elect Separate Meter, Cable Available

    Community & HOA

    Community
    • Features: Community Boat Ramp, Beach, Bike Paths
    • Security: Security Guard
    • Subdivision: Coury Sub (53.5)
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Key Colony Beach

    Financial & listing details

    • Price per square foot: $636/sqft
    • Tax assessed value: $2,999,766
    • Annual tax amount: $40,064
    • Date on market: 7/23/2024
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    8/14/2024Sold$3,300,000-26.7%$636/sqft
    Source: FLKMLS #610048 Report a problem
    8/9/2024Pending sale$4,500,000$868/sqft
    Source: FLKMLS #610048 Report a problem
    7/23/2024Listed for sale$4,500,000$868/sqft
    Source: Key West AOR #610048 Report a problem
    7/19/2024Contingent$4,500,000$868/sqft
    Source: Key West AOR #610048 Report a problem
    7/3/2024Price change$4,500,000-12.6%$868/sqft
    Source: Key West AOR #610048 Report a problem
    5/18/2024Listed for sale$5,150,000+7.3%$993/sqft
    Source: Key West AOR #610048 Report a problem
    5/10/2022Sold$4,799,000$925/sqft
    Source: MLKAR #600387 Report a problem
    4/5/2022Contingent$4,799,000$925/sqft
    Source: FLKMLS #600387 Report a problem
    4/2/2022Listed for sale$4,799,000$925/sqft
    Source: Key West AOR #600387 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$28,262 -30.7%$2,999,766 -29.2%
    2024$40,798 +1.8%$4,236,654 +3.1%
    2023$40,065 +234%$4,109,821 +229.7%
    2022$11,997 -1.2%$1,246,362 +3%
    2021$12,148 +4.9%$1,210,061 +1.4%
    2020$11,580 $1,193,355 +2.3%
    2019$11,580 +2.2%$1,166,525 +1.9%
    2018$11,331 +5.9%$1,144,775 +2.1%
    2017$10,700 +4.6%$1,121,230 +2.1%
    2016$10,232 -2.1%$1,098,169 +0.7%
    2015$10,446 $1,090,535
    Find assessor info on the county website

    Neighborhood: 33051

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $4,080,800
    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
    $4,080,800