$6,995,000
$500K PRICE DROP

1151 Ocean Dr Summerland Key, FL 33042

Estimated payment $41,490/month

Total Views 67,654
5 Beds
6 Baths
3,750 Sq Ft
$1,865 Price per Sq Ft

Highlights

  • Ocean Front
  • Boat Lift
  • Deck
  • Private Dock
  • Concrete Pool
  • Vaulted Ceiling

About This Home

Trophy Oceanfront Estate on Prime Ocean Dr, Summerland Key – Surrounded by multimillion-dollar estates favored by celebrities and business leaders, this rare property offers 120 ft of ocean frontage on a 37,400 sq ft lot. Features include a 120,000 lb yacht lift (fits up to 75 ft), 2 additional lifts, private mooring, boat basin, and bay bottom rights. The 5-bed, 4.2-bath home boasts vaulted ceilings, a chef’s kitchen, raised pool, spa, covered bar, and stunning Atlantic views. Enjoy a private beach, desalination system, generator, lush tropical landscaping, and private airport access for small aircraft and helicopters.

Listing Agent

Lisa Swanson

Berkshire Hathaway Knight & Gardner Realty License #3226537 Listed on: 09/23/2024

Berkshire Hathaway Knight & Gardner Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $44,054

Year Built

  • Built in 2007

Lot Details

  • 0.86 Acre Lot
  • 120 Ft Wide Lot
  • Ocean Front
  • Northwest Facing Home
  • Property is zoned is

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking

Home Design

  • Metal Roof
  • Concrete Block And Stucco Construction
  • Metal Construction or Metal Frame

Interior Spaces

  • 3,750 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Den
  • Tile Flooring
  • Direct Ocean Views

Kitchen

  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

  • High Impact Door
  • Fire and Smoke Detector

Outdoor Features

  • Concrete Pool
  • Property has ocean access
  • Boat Lift
  • Private Dock
  • Deck
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Summerland Beach Add No 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00197200-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$44,054

Year Built

Built in 2007

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2007
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Boatlift,Private Dock
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: SUMMERLAND BEACH ADD NO 2
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Gas Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Den/Library/Office
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Door Features: High Impact Doors
  • Flooring: Tile
  • Living Area: 3750
  • Bedroom Features: Entry Level
  • Living Room Features: Den/Library/Office

Exterior Features

  • Roof: Metal Roof
  • View: Ocean, Direct Ocean
  • Exterior Features: Lighting
  • Construction Type: CBS Construction, Metal Construction
  • Direction Faces: Northwest
  • Lot Features: 3/4 To Less Than 1 Acre Lot
  • Patio And Porch Features: Deck
  • Pool Features: Concrete
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: SUMMERLAND BEACH ADD NO 2
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector

Condo/Co-op/Association

  • Association: No
  • Community Features: Additional Amenities

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 00197200-000000
  • Lot Size Sq Ft: 37400
  • Zoning: is

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 44054

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $40,880 $5,245,247 $2,969,454 $2,275,793
2023 $40,880 $5,004,651 $2,802,080 $2,202,571
2022 $36,274 $4,186,308 $1,983,777 $2,202,531
2021 $26,205 $2,794,762 $1,132,600 $1,662,162
2020 $18,355 $1,914,235 $920,402 $993,833
2019 $18,243 $1,893,695 $877,485 $1,016,210
2018 $18,223 $1,837,176 $858,411 $978,765
2017 $19,267 $1,963,131 $0 $0
2016 $20,129 $1,993,242 $0 $0
2015 $25,666 $2,469,857 $0 $0
2014 $21,185 $1,938,055 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2025 08/27/25 Price Changed $6,995,000 -6.7% $1,865 / Sq Ft
09/23/2024 09/23/24 For Sale $7,495,000 +53.0% $1,999 / Sq Ft
09/03/2021 09/03/21 Sold $4,900,000 0.0% $1,307 / Sq Ft
08/04/2021 08/04/21 Pending -- -- --
06/28/2021 06/28/21 For Sale $4,900,000 -- $1,307 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $4,900,000 Attorney
Warranty Deed -- None Available
Warranty Deed $3,500,000 None Available
Warranty Deed -- None Available
Warranty Deed $3,500,000 True Title Agency Inc
Warranty Deed $2,500,000 Chicago Title Of Fl Keys Inc
Warranty Deed $700,000 --
Warranty Deed $600,000 --
Warranty Deed $720,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $4,070,000 Construction
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A11847336

MIAMI REALTORS® MLS

APN: 00197200-000000