NOT LISTED FOR SALE

1061 Bay Dr Summerland Key, FL 33042

Estimated Value: $1,881,000 - $2,012,000

2 Beds
2 Baths
1,734 Sq Ft
$1,117/Sq Ft Est. Value

Last Sold September 10, 2024

Last sale price $2,000,000 $1,153 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $10,675/month

Highlights

  • Dock made with concrete
  • RV Parking in Community
  • No HOA
  • Concrete Pool
  • Home fronts a canal
  • Central Air

About This Home

As of September 2024

For Statistical Purposes- Incredible 3 lot property with a resort style pool, 220' of dockage, tiki huts, tropical landscape and a 2 bed 2 bath home on Summerland Key.

Last Agent to Sell the Property

Sandra Tuttle

Island Welcome Real Estate License #3093204 Listed on: 09/09/2024

Last Buyer's Agent

Sandra Tuttle

American Caribbean Real Estate Lower Keys

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,803

Year Built

  • Built in 1994

Lot Details

  • 0.51 Acre Lot
  • Home fronts a canal
  • Property is zoned IS - Improved Subivision District

Parking

  • Off-Street Parking

Home Design

  • Frame Construction
  • HardiePlank Siding

Interior Spaces

  • 1,734 Sq Ft Home
  • Canal Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Concrete Pool
  • In Ground Pool

Outdoor Features

  • Dock made with concrete
  • Tiki or Chickee Hut

Utilities

  • Central Air
  • Heating Available
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Summerland Cove Isle Subdivision
  • Rental Restrictions
  • RV Parking in Community

Listing and Financial Details

  • Assessor Parcel Number 00198932-007800

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,803

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Dock: Concrete
  • Fee Includes: None
  • Key Island: Summerland Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 25.50
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 5802.93
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking, RV Parking Covered
  • Year Built: 1994
  • Alternate Key Number: 1261688
  • Cooling Heating: Central Air
  • Lot Sq Ft: 22220.00
  • Pool Info: In Ground, Concrete
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1734.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Disposal, Microwave, Range, Refrigerator, Dishwasher, Dryer
  • Total Bedrooms: 2

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Frame, Hardi Board Siding, Combo Construction
  • Exterior Features: Chickee Hut
  • Waterview: Canal View
  • Pool: Yes

Utilities

  • Utilities: FKAA
  • Heating: Electric

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00198932-007800
  • Lot Size: 220x101
  • Land Size: 1/2 - Less Than 1 AC
  • Acres: 0.51

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2023

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2024
Closed on
Sep 10, 2024
Sold by
Szeglin Gladys
Bought by
Eliassen Eric and Eliassen Helen
Seller's Agent
Sandra Tuttle
Island Welcome Real Estate
Buyer's Agent
Sandra Tuttle
American Caribbean Real Estate Lower Keys
List Price
$2,000,000
Sold Price
$2,000,000
Current Estimated Value
$1,937,461

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$62,539
Avg. Annual Appreciation
-2.77%
Original Mortgage
$1,200,000
Interest Rate
5.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 1998
Sold by
Barrow James W
Bought by
Szeglin Arthur R

Purchase Details

Closed on
Jan 8, 1998
Sold by
Dias Robert M and Dias Jean T
Bought by
Szeglin Arthur R and Szeglin Gladys

Purchase Details

Closed on
Dec 15, 1997
Sold by
Rankin Everett and Rankin Sally
Bought by
Szeglin Arthur R

Purchase Details

Closed on
Aug 1, 1989
Bought by
Szeglin Arthur R and Szeglin Gladys

Purchase Details

Closed on
Jan 1, 1989
Bought by
Szeglin Arthur R and Szeglin Gladys

Purchase Details

Closed on
Feb 1, 1975
Bought by
Szeglin Arthur R and Szeglin Gladys
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
Eliassen Eric $2,000,000 None Listed On Document
Szeglin Arthur R $52,000 --
Szeglin Arthur R $325,000 --
Szeglin Arthur R $60,000 --
Szeglin Arthur R $33,000 --
Szeglin Arthur R $20,000 --
Szeglin Arthur R $4,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eliassen Eric $1,200,000
Previous Owner Szeglin Arthur R $386,000
Previous Owner Szeglin Arthur R $402,000
Previous Owner Szeglin Arthur R $395,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/10/2024 09/10/24 Sold $2,000,000 0.0% $1,153 / Sq Ft
09/09/2024 09/09/24 Pending -- -- --
09/09/2024 09/09/24 For Sale $2,000,000 -- $1,153 / Sq Ft
Source: Marathon and Lower Keys Association 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 $5,803 $2,179,681 $1,773,156 $406,525
2023 $5,803 $637,495 $0 $0
2022 $5,651 $618,928 $0 $0
2021 $5,822 $600,901 $0 $0
2020 $5,795 $592,605 $0 $0
2019 $5,690 $579,282 $0 $0
2018 $5,727 $568,481 $0 $0
2017 $5,568 $556,789 $0 $0
2016 $5,607 $545,337 $0 $0
2015 $5,763 $541,546 $0 $0
2014 $5,946 $537,248 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sandra Tuttle

    Seller's Agent in 2024

    Sandra Tuttle

    Island Welcome Real Estate

    (305) 923-9161

    188 Total Sales

    Sandra Tuttle
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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 611619

APN: 00198932-007800

Florida Monroe County Summerland Key 33042

1061 Bay Dr, Summerland Key, FL

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