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$5,450,000
28 Pen Key Drive
Upper Matecumbe Key Islamorada, FL 33036
MLS# 599529
4 beds  |  4 baths  |  3044 sqft


28 Pen Key Drive, Upper Matecumbe Key Islamorada, FL 33036
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Property Description
First time offered for sale... the most exclusive spot in Islamorada's most exclusive gated community! This open bayfront Old Florida home rests on nearly half an acre with the most enchantingly beautiful shoreline and crystal clear water in Islamorada. 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 that is directly on the open bay. It also has its own private dock (in need of repair) and a large private pool, in addition to enjoying use of the community boat basin and the community pool if desired. Another unique feature of Pen Key is that the club employs a full-time property manager living on site to help maintain the pristine 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. This original concrete home has a concrete roof and is ready for you to come in and make it your own. The unique floor plan features a spacious living area with coral rock fireplace that opens to a glassed-in Florida room with sliders directly to the pool. In the main home are two bedrooms with two adjoining full baths. Outside the front door on the opposite side of the carport are two private guest suites, both with ensuite full baths. Both of these guest suites have their own private entrances. Outside is a large shady grass yard with beautiful mature trees. This one-of-a-kind community is also perfectly situated in downtown near fine dining, bars, shops, art galleries, museums and of course, the monthly Art Walk and Full Moon Party. 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 Club.

Details
Maps
Contract Information
Current Price: $5,450,000
Listing Date: 2022-02-06
Listing Board: Florida Keys
List Price: $5,450,000
As is Rght to Inspct: Yes
Species List: No
Location, Tax & Legal
Street #: 28
Street Name: Pen Key
Street Suffix: Drive
Key/Island: Upper Matecumbe Key Islamorada
State/Province: FL
Zip Code: 33036
Off Shore Island: No
County: Monroe
Subdivision: Penn Key Club (83.0)
Mile Marker: 83
Area: 23 - Upper Matecumbe
Marathon Neighborhood: N/A
Side: Bay/Gulf
Flood Zone: AE,VE
Handicap Access: Yes
Alternate Key #: 1495042
Add'l Parcel #1: 00094680-000000
Parcel #: 00402700-000000
Zoning: R1 - Residential Single Family
Deed Restrictions: Unknown
Legal: LOT 28 PEN KEY CLUB SUBD UPPER MATECUMBE KEY PB3-170 (see Deed) plus Additional Parcel of Adjacent Bay Bottom
Taxes: 5668.92
Tax Year: 2021
Pub Sewer HkUp: Yes
General Property Description
Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: Yes
Control Depth: 4
Pool: Yes
Year Built: 1964
Total Units: 1
Lot Size: 100 x 200 approx.
Lot SqFt: 21250
Acres: 0.49
Living Apx SqFt: 3044
SqFt Source: Tax Records
Total Bedrooms: 4
Full Baths: 4
Total Baths: 4
Rentals Allowed: No
Remarks & Misc
Remarks – Consumer: First time offered for sale... the most exclusive spot in Islamorada's most exclusive gated community! This open bayfront Old Florida home rests on nearly half an acre with the most enchantingly beautiful shoreline and crystal clear water in Islamorada. 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 that is directly on the open bay. It also has its own private dock (in need of repair) and a large private pool, in addition to enjoying use of the community boat basin and the community pool if desired. Another unique feature of Pen Key is that the club employs a full-time property manager living on site to help maintain the pristine 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. This original concrete home has a concrete roof and is ready for you to come in and make it your own. The unique floor plan features a spacious living area with coral rock fireplace that opens to a glassed-in Florida room with sliders directly to the pool. In the main home are two bedrooms with two adjoining full baths. Outside the front door on the opposite side of the carport are two private guest suites, both with ensuite full baths. Both of these guest suites have their own private entrances. Outside is a large shady grass yard with beautiful mature trees. This one-of-a-kind community is also perfectly situated in downtown near fine dining, bars, shops, art galleries, museums and of course, the monthly Art Walk and Full Moon Party. 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 Club.
Directions: Pen Key Club private gated entrance is between Ziggie & Mad Dog's and the Dive Museum. Call for appointment. Agent must accompany.
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: Yes
Condo Doc's: Yes
1st Right of Refusal: No
Assoc Approval Req: Yes
Association Fee $: 6500
Assoc/Mnt Fee Per: Yearly
Dockage
Dock: Wood
Building Style
Above Flood: Unknown
Specialty Rooms
Guest/Servant Qtrs: Legal
Property Features
Fee Includes: Common Area Mnt; Security
Tax Exemptions: Homestead
Waterfront: Bay Front; Open Water
Waterview: Bay/Gulf View; Open Water View
Dockage: Assigned Dock; Basin; Boat Slip; Dock Privileges
Building Style: Conch; Ground Level
Vehicle Storage: Carport; Covered Parking; Guest Parking; Off Street Parking; Open Parking
Furnished: Unfurnished
Cooling: Central Air; Heat Pump; Wall/Window Unit(s)
Porch/Balcony: Screened Patio
Utilities: Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Interior Features: Fireplace(s)
Appliances: Oven; Range; Refrigerator
Pool Info: In Ground; Concrete; Decked
Construction: CBS
Windows/Doors: Awning Windows; Other Windows/Doors; Sliding Glass Doors
Floor: Carpet; Combo; Tile
Roof: Concrete Roof
Pets: Pets Allowed
Neighborhood Feature: Community Dockage; Community Pool; Manager on Premises
Security: Electric Gate
Land Size: 1/4 - 1/2 Acre
Title: Title Ins - Buyer

Listing Office: Coldwell Banker Schmitt Islamorada

Last Updated: January - 25 - 2023

28 Pen Key Drive, Upper Matecumbe Key Islamorada, FL 33036 - MLS# 599529
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