NOT LISTED FOR SALE

1059 Gulf Dr Summerland Key, FL 33042

Estimated Value: $925,000 - $1,115,000

2 Beds
2 Baths
864 Sq Ft
$1,165/Sq Ft Est. Value

Last Sold March 16, 2022

Last sale price $540,000 $625 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $5,881/month

9 Days on Market

Highlights

  • Airstrip
  • RV or Boat Parking
  • Home fronts a canal
  • Boat Ramp
  • RV Parking in Community
  • 4 Car Garage

About This Home

As of March 2022

Being sold in ''AS-IS'' condition. Property can close once the Court approves.Canal front property located in the desirable neighborhood of beautiful Summerland Key. Great location with quick boating access. 55' concrete seawall plus your own boat ramp. Surrounded by million dollar plus homes.

Last Agent to Sell the Property

Donna Pezzi

Coldwell Banker Schmitt RE Co. Listed on: 12/29/2021

Last Buyer's Agent

Donna Pezzi

Keller Williams Key West Compass Realty License #3226338

Keller Williams Key West Compass Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,519

Year Built

  • Built in 1975

Lot Details

  • 6,060 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned IS - Improved Subivision District

HOA Fees

  • $2 Monthly HOA Fees

Home Design

  • Shingle Roof

Interior Spaces

  • 864 Sq Ft Home
  • Canal Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Car Garage
  • Carport
  • Open Parking
  • Off-Street Parking
  • RV or Boat Parking

Outdoor Features

  • Airstrip
  • Seawall
  • Boat Ramp

Community Details

  • Association fees include common area mnt
  • Summerland Cove Isle Subdivision
  • Rental Restrictions
  • RV Parking in Community

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00198934-003400

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,519

Year Built

Built in 1975

Lot Details

0

HOA Fees

$2 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 25.00
  • Mandatory HOA: No
  • Voluntary HOA: Yes
  • Dockage Seawall: Concrete
  • Fee Includes: Common Area Mnt
  • Key Island: Summerland Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 25.50
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Airstrip
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 4519.14
  • Title: Negotiable
  • Vehicle Storage: Carport, Garage, RV Parking Open, Open Parking, Off Street Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1975
  • Alternate Key Number: 1262153
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Lot Sq Ft: 6060.00
  • Association Maintenance Fee Per: Yearly
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 864.00
  • Sewer Hook Up: No
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: No Appliances
  • Total Bedrooms: 2

Exterior Features

  • Dockage: Boat Ramp
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Combo Construction
  • Roof: Shingle Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: Buyer to Verify, FKAA, Water Separate Meter, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00198934-003400
  • Lot Size: 60' x 101'
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2021
Closed on
Mar 15, 2022
Sold by
Louise Young
Bought by
Renly Kevin J and Renly Julie L
Seller's Agent
Donna Pezzi
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Donna Pezzi
Coldwell Banker Schmitt RE Co.
List Price
$575,000
Sold Price
$540,000
Premium/Discount to List
-$35,000
-6.09%
Current Estimated Value
$1,006,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$466,441
Avg. Annual Appreciation
18.77%

Purchase Details

Listed on
Dec 29, 2021
Closed on
Mar 2, 2022
Sold by
Liew Chin Leonard Lankay
Bought by
1059 Gulf Llc
Seller's Agent
Donna Pezzi
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Donna Pezzi
Coldwell Banker Schmitt RE Co.
List Price
$575,000
Sold Price
$540,000
Premium/Discount to List
-$35,000
-6.09%

Purchase Details

Closed on
Jan 23, 1998
Sold by
Chin Leonard L and Chin Lydia J
Bought by
Chin Leonard L

Purchase Details

Closed on
Oct 1, 1997
Bought by
Chin Leonard L

Purchase Details

Closed on
May 1, 1987
Bought by
Chin Leonard L
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Renly Kevin J -- Anthony J Barrows Llc
1059 Gulf Llc $540,000 Anthony J Barrows Llc
Chin Leonard L $15,000 --
Chin Leonard L $15,000 --
Chin Leonard L $126,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2022 03/16/22 Sold $540,000 -6.1% $625 / Sq Ft
12/29/2021 12/29/21 For Sale $575,000 -- $666 / Sq Ft
Source: Florida Keys Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,330 $1,028,953 $882,336 $146,617
2023 $7,330 $776,571 $636,542 $140,029
2022 $4,973 $570,746 $430,139 $140,607
2021 $4,519 $417,034 $296,213 $120,821
2020 $3,681 $391,219 $0 $0
2019 $3,607 $382,424 $261,550 $120,874
2018 $4,214 $368,716 $248,945 $119,771
2017 $4,039 $373,169 $0 $0
2016 $3,759 $319,298 $0 $0
2015 $3,852 $361,839 $0 $0
2014 $3,434 $258,097 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Donna Pezzi

    Coldwell Banker Schmitt RE Co.

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 598984

Florida Keys Board of REALTORS®

APN: 00198934-003400

Florida Monroe County Summerland Key 33042

1059 Gulf Dr, Summerland Key, FL

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