NOT LISTED FOR SALE

1163 Caribbean Dr E Summerland Key, FL 33042

Estimated Value: $1,252,000 - $1,974,000

2 Beds
2 Baths
1,260 Sq Ft
$1,248/Sq Ft Est. Value

Last Sold September 08, 2022

Last sale price $1,700,000 $1,349 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $9,241/month

15 Days on Market

Highlights

  • Airstrip
  • Heated In Ground Pool
  • Deck
  • Boat Lift
  • Home fronts a canal
  • No HOA

About This Home

As of September 2022

MINUTES TO OPEN WATER Located in the premier neighborhood of Summerland Cove Isles, this unique property sits on an large lot and offers quick boating access to open water. Summerland Cove Isles is a yachting neighborhood harboring vessels as large as 50' in length where the waters flow freely through the canal system. The property boasts approximately 90' of waterfrontage, a boat lift, and boat davits, with ample room for multiple vessels. This solidly built CBS home has a recent metal roof, large swimming pool and spa encased in beautiful pavers, pool side Chikee hut, outdoor shower, 2 car garage, secluded by a privacy fence and lush tropical landscaping. The interior has high board and beam ceilings, tile floors, recently renovated bathrooms, a large kitchen, and great living spaces. Located only 24 miles to world famous Key West.

Last Agent to Sell the Property

Fred Mullins

Coldwell Banker Schmitt Real Estate Co. (KW) License #3048048 Listed on: 08/15/2022

Coldwell Banker Schmitt Real Estate Co. (KW)

Last Buyer's Agent

Taron Wirth

KeyIsle Realty - Florida Keys

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,106

Year Built

  • Built in 1980

Lot Details

  • 8,530 Sq Ft Lot
  • Home fronts a canal
  • Privacy Fence
  • Fenced
  • Property is zoned IS - Improved Subivision District

Home Design

  • Metal Roof

Interior Spaces

  • 1,260 Sq Ft Home
  • Ceiling Fan
  • French Doors
  • Tile Flooring
  • Canal Views
  • Complete Accordion Shutters

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Attached Garage
  • Open Parking
  • Off-Street Parking

Pool

  • Heated In Ground Pool
  • Spa
  • Fiberglass Pool
  • Outdoor Shower

Outdoor Features

  • Airstrip
  • Davits
  • Seawall
  • Boat Lift
  • Screened Balcony
  • Deck
  • Outdoor Storage
  • Tiki or Chickee Hut

Utilities

  • Central Air
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Summerland Key Cove Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00191620-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,106

Year Built

Built in 1980

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
  • Voluntary HOA: Yes
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Handicap Access: No
  • Key Island: Summerland Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 25.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Airstrip, Other Area Features
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 6105.80
  • Title: Negotiable
  • Vehicle Storage: Attached, Off Street Parking, Open Parking, Garage
  • Year Built: 1980
  • Alternate Key Number: 1253511
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 8530.00
  • Pool Info: Fiberglass, In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Deck, Screened P/B
  • Shutters: Accordion
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1260.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Range, Refrigerator, Microwave, Dryer
  • Floor: Tile
  • Windows/Doors: French Doors, Other Windows/Doors
  • Total Bedrooms: 2
  • Accessibility Features: None

Exterior Features

  • Dockage: Boat Lift, Davits, Davit Pads
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Chickee Hut, Storage, Outdoor Shower, Privacy Wall/Fence, Fencing, Hot Tub
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: Yes

Utilities

  • Utilities: Cable Available, FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00191620-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.20

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2022
Closed on
Sep 8, 2022
Sold by
Kathryn M James Self Declaration Of Trus
Bought by
Merson Joseph C and Merson Susan V
Seller's Agent
Fred Mullins
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Taron Wirth
KeyIsle Realty - Florida Keys
List Price
$1,800,000
Sold Price
$1,700,000
Premium/Discount to List
-$100,000
-5.56%
Views
1
Current Estimated Value
$1,571,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$128,009
Avg. Annual Appreciation
-2.46%

Purchase Details

Closed on
Jul 12, 2021
Sold by
Shilling Jerry L
Bought by
Westlund Kathryn and Westlund James Kathryn

Purchase Details

Closed on
Feb 21, 2003
Sold by
Manocchio Victor and Manocchio Diana
Bought by
Shilling Jerry L and Shilling Brenda K

Purchase Details

Closed on
Feb 15, 2000
Bought by
Shilling Jerry L and Shilling Brenda K

Purchase Details

Closed on
Aug 1, 1995
Bought by
Shilling Jerry L and Shilling Brenda K

Purchase Details

Closed on
Aug 1, 1994
Bought by
Shilling Jerry L and Shilling Brenda K

Purchase Details

Closed on
Jul 1, 1982
Bought by
Shilling Jerry L and Shilling Brenda K
Source: Public Records

Range of Values:

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Average Value
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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
Merson Joseph C $1,700,000 --
Westlund Kathryn $795,000 Attorney
Shilling Jerry L $550,000 True Title Agency Inc
Shilling Jerry L $310,000 --
Shilling Jerry L $205,000 --
Shilling Jerry L $240,000 --
Shilling Jerry L $135,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2022 09/08/22 Sold $1,700,000 -5.6% $1,349 / Sq Ft
08/30/2022 08/30/22 Pending -- -- --
08/15/2022 08/15/22 For Sale $1,800,000 -- $1,429 / 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 $11,664 $1,247,106 $642,565 $604,541
2023 $11,664 $1,288,737 $697,839 $590,898
2022 $7,789 $829,703 $538,925 $290,778
2021 $6,106 $606,188 $309,191 $296,997
2020 $5,591 $529,503 $293,645 $235,858
2019 $5,311 $497,430 $260,826 $236,604
2018 $5,623 $516,448 $276,372 $240,076
2017 $5,614 $522,486 $0 $0
2016 $5,293 $472,118 $0 $0
2015 $5,540 $509,298 $0 $0
2014 $5,157 $424,199 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 602204

Florida Keys Board of REALTORS®

APN: 00191620-000000