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Sold for $3,800,000
  • $3,800,000

    28 Pen Key Clb, Islamorada, FL 33036

    4beds
    3,044sqft
    Single Family Residence
    Built in 1964
    0.49 Acres Lot
    $4,172,300 Zestimate®
    $1,248/sqft
    $7,872 Estimated rent

    Home value

    $4,172,300

    $3.71M - $4.71M

    $7,872/mo

    Zestimate® history
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    What's special

    Prime location! Rare bayfront property in a private gated community located in the heart of downtown Islamorada with gorgeous sunset views, private pool and dockage! This original 4 bed/4 bath concrete home has a concrete roof and is ready for you to come in and make it your own, or take advantage of the existing building right to create your dream home in Islamorada's most exclusive community. Tucked into its own private corner of prestigious Pen Key Club, this ground level home is one of only seven in the 31-home community directly on the open bay and is on one of the largest lots with nearly half an acre of upland and another half an acre of baybottom. It also has a large private pool and had its own private dock on the property (in need of repair), in addition to enjoying use of the community boat basin and the community pool if desired. The current home is 2/2 in the main house and has 2 separate 1/1 guest suites, each with its own private entrance. Outside is a large shady grass yard with beautiful mature trees, including a stunning Haden mango. Another unique feature of Pen Key is that the club employs a full-time property manager living on site to maintain the grounds and common areas. After a day out fishing or boating, come home and watch the sunset from your own back yard and then stroll through the meticulously landscaped neighborhood and out the secure front gates to enjoy fine dining just steps away at Ziggie & Mad Dog's. This community is also perfectly situated in downtown near fine dining, bars, boutiques, salons, shops, art galleries, museums and of course, the monthly Art Walk and famous monthly Full Moon Party. The Village of Islamorada also offers Freebee Electric Vehicle Ridesharing for added convenience. If you are ready to live the good life in the heart of downtown Islamorada, then it's time to discover the peace, security and lush tranquility of Pen Key.

    Zillow last checked: 8 hours ago

    Listing updated: September 02, 2024 at 03:15pm

    Listed by:

    Brett Newman 305-393-1770,

    Coldwell Banker Schmitt Islamorada,

    Margo Newman 305-393-1770,

    Coldwell Banker Schmitt Islamorada

    Bought with:

    Brett Newman, 555709

    Coldwell Banker Schmitt Islamorada

    Margo Newman, 0153708

    Coldwell Banker Schmitt Islamorada

    Source: FLKMLS,MLS#: 599529MLS LogoOriginating MLS: Florida Keys

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Cooling
    • Central Air, Heat Pump, Wall/Window Unit(s)
    Appliances
    • Included: Refrigerator, Oven, Range
    Features
    • Fireplace(s)
    • Flooring: Tile, Combination, Carpet
    • Doors: Sliding Glass Doors
    • Windows: Other Windows/Doors, Awning Windows
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 3,044 sqft

    Property

    Parking
    • Parking features: Carport, Covered, Off Street, Guest, Open
    • Has carport: Yes
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: Yes
    Features
    • Levels: Ground Level
    • Patio & porch: Screened Patio
    • Exterior features: Boat Slip
    • Has private pool: Yes
    • Pool features: In Ground, Decked, Concrete
    • Has view: Yes
    • View description: Bay/Gulf View, Water
    • Has water view: Yes
    • Water view: Bay/Gulf View,Water
    • Waterfront features: Bay Front, Open Water, Waterfront, Dock: Wood, Dockage: Dock Privileges, Basin, Boat Slip, Assigned Dock
    Lot
    • Size: 0.49 Acres
    • Dimensions: 100 x 200 appro x .
    • Features: 1/4 - 1/2 Acre
    Details
    • Additional structures: Guest House
    • Additional parcels included: 00094680000000
    • Parcel number: 00402700000000
    • Zoning: R1
    • Zoning description: Residential Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Conch
    • Property subtype: Single Family Residence
    Materials
    • CBS
    • Roof: Concrete
    Condition
    • Year built: 1964

    Utilities & green energy

    • Electric: Elect Separate Meter
    • Sewer: Municipal Sewer, Public Sewer
    • Water: Water Separate Meter
    • Utilities for property: FKAA, Cable Available

    Community & neighborhood

    Security
    • Security features: Electric Gate
    Community
    • Community features: Pool, Manager on Premises, Community Dockage
    Location
    • Region: Islamorada
    • Subdivision: Penn Key Club (83.0)

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $8,000 yearly
    • Services included: Maintenance Grounds, Security

    Price history

    DateEventPrice
    5/9/2024Sold$3,800,000-9.4%$1,248/sqft
    Source: FLKMLS #599529 Report a problem
    3/27/2024Contingent$4,195,000$1,378/sqft
    Source: Key West AOR #599529 Report a problem
    11/10/2023Price change$4,195,000-5.7%$1,378/sqft
    Source: Key West AOR #599529 Report a problem
    10/6/2023Price change$4,450,000-5.3%$1,462/sqft
    Source: Key West AOR #599529 Report a problem
    9/5/2023Price change$4,700,000-4.1%$1,544/sqft
    Source: Key West AOR #599529 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$33,392 +2.1%$3,682,772 +9.4%
    2024$32,705 +5.7%$3,366,889 +10%
    2023$30,938 +18.8%$3,060,808 +10%

    Find assessor info on the county website

    Neighborhood: 33036

    Nearby schools

    GreatSchools rating
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    Estimated market value$4,172,300
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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
    $4,172,300