NOT LISTED FOR SALE

118 Caribbean Dr E Summerland Key, FL 33042

Summerland Key Area

Estimated Value: $2,237,000 - $2,446,177

3 Beds
3.5 Baths
2,209 Sq Ft
$1,060/Sq Ft Est. Value

Sale Details

Date Sold: May 7, 2021

Last sale price $1,550,000 $702 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $14,236 / mo

74 Days on Market

Highlights

  • Airstrip
  • RV or Boat Parking
  • Deck
  • Ocean Front
  • RV Parking in Community
  • 1-minute walk to Loop Road

About This Home

As of May 2021

Oceanfront home deepwater draft, 3 bedroom 3 1/2 bath and full hot and cold outdoor shower. 60+ foot concrete seawall, 12FT wide boat ramp, davits. 4 garages, covered carport, and circular driveway. Custom solid hickory cabinets in kitchen and bathrooms. Full pantry and all bedrooms have walk-in closets and bathrooms. Impact windows, doors and metal roof, covered porch and lanai with wrap-around decks. Property has new invisible dog fencing. Porcelain floors and bullnose throughout & granite countertops. Polished concrete floors in foyer and 2 garages. The addition was built in 2004 and the original home was refurbished shortly after. Furnishings are negotiable. Plenty of room for a pool if desired. Stunning ocean views from almost every room completes the dream of living in the Keys!

Last Agent to Sell the Property

Thomas Mack

SBX Real Estate, LLC (KW) Listed on: 01/08/2021

Co-Listed By

Emily Lombard

Buy The Keys (KW)

Last Buyer's Agent

Jennifer Chaney

Chaney Homes License #3465189

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,459

Year Built

  • Built in 1973

Lot Details

  • 9,283 Sq Ft Lot
  • Ocean Front
  • Property is zoned IS - Improved Subivision District

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,209 Sq Ft Home
  • Ceiling Fan
  • French Doors
  • Entrance Foyer
  • Tile Flooring
  • Ocean Views
  • Impact Glass

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • RV or Boat Parking

Outdoor Features

  • Outdoor Shower
  • Airstrip
  • Seawall
  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Outdoor Storage
  • Rain Gutters

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Assessor Parcel Number 00193160-000000

Community Details

Overview

  • No Home Owners Association
  • Summerland Key Cove Subdivision
  • RV Parking in Community

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,459

Year Built

Built in 1973

Lot Details

9,283 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Key Island: Summerland Key
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • Mile Marker: 25.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Airstrip, Fire Hydrant, Bike Paths
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 3458.94
  • Vehicle Storage: Carport, RV Parking Open, Trailer Storage, Garage, Covered Parking
  • Year Built: 1973
  • Alternate Key Number: 1255041
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 9283.00
  • Porch Balcony: Deck, Patio, Open Porch/Balcony
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2209.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Walk-in Closet(s), Window Treatments, Granite Counter Top, Entrance Foyer
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Range, Refrigerator, Oven, Microwave, Ice Machine, Freezer, Dryer, Disposal
  • Floor: Tile
  • Half Bathrooms: 1
  • Windows/Doors: French Doors, Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 3

Exterior Features

  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS, Frame, Combo Construction
  • Exterior Features: Lighting, Storage, Rain Gutters, Outdoor Shower
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Parcel Number: 00193160-000000
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2019

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2021
Closed on
May 7, 2021
Sold by
Bought by
Seller's Agent
Thomas Mack
SBX Real Estate, LLC (KW)
Buyer's Agent
Jennifer Chaney
Chaney Homes
List Price
$1,650,000
Sold Price
$1,550,000
Premium/Discount to List
-$100,000
-6.06%
Current Estimated Value
$2,342,544

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$792,544
Avg. Annual Appreciation
8.09%
Original Mortgage
$1,240,000
Outstanding Balance
$1,099,550
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,242,994

Purchase Details

Closed on
Jul 19, 2000
Sold by
Bought by

Purchase Details

Closed on
Feb 23, 1998
Sold by
Bought by

Purchase Details

Closed on
May 1, 1989
Bought by

Purchase Details

Closed on
Feb 1, 1973
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Summerland Key, FL

  • Emily Lombard Real Estate Agent - Ocean Sotheby's International Realty

    Emily Lombard

    Ocean Sotheby's International Realty

    (833) 447-1049

    42 Total Sales

    2 in Summerland Key

    $1,125,000 Price Range

    Emily Lombard
     Section Image
  • Sandra Tuttle Real Estate Agent - Island Welcome Real Estate

    Sandra Tuttle

    Island Welcome Real Estate

    (786) 751-6441

    139 Total Sales

    18 in Summerland Key

    $578K - $5M Price Range

    Sandra Tuttle
     Section Image
  • Lisa Ferringo Real Estate Agent - Coldwell Banker Schmitt Real Estate Co

    Lisa Ferringo

    Coldwell Banker Schmitt Real Estate Co

    (786) 751-5529

    560 Total Sales

    42 in Summerland Key

    $125K - $3.3M Price Range

    Lisa Ferringo
     Section Image
  • Stacy Shahan Real Estate Agent - Island Real Estate Company Florida Keys

    Stacy Shahan

    Island Real Estate Company Florida Keys

    (813) 694-9962

    27 Total Sales

    9 in Summerland Key

    $340K - $5.3M Price Range

    Stacy Shahan
     Section Image
  • Patti Nickless Real Estate Agent - Coldwell Banker Schmitt RE Co.

    Patti Nickless

    Responds Quickly

    Coldwell Banker Schmitt RE Co.

    (877) 540-7990

    153 Total Sales

    11 in Summerland Key

    $530K - $1.2M Price Range

    Patti Nickless
     Section Image
  • Coby Taylor Real Estate Agent - Expert Realty LLC (HQ)

    Coby Taylor

    Expert Realty LLC (HQ)

    (813) 694-4326

    75 Total Sales

    12 in Summerland Key

    $12K - $2M Price Range

    Coby Taylor
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,550,000 Attorney
-- --
$100 --
$255,000 --
$8,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,240,000
Previous Owner $253,600
Previous Owner $322,000
Previous Owner $230,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/07/2021 05/07/21 Sold $1,550,000 -6.1% $702 / Sq Ft
01/08/2021 01/08/21 For Sale $1,650,000 -- $747 / Sq Ft
Source: Florida Keys Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $16,620 $2,195,415 $1,538,588 $656,827
2024 $15,894 $2,099,852 $1,465,322 $634,530
2023 $15,894 $2,162,826 $1,552,883 $609,943
2022 $13,045 $1,449,052 $836,305 $612,747
2021 $3,543 $351,008 $0 $0
2020 $3,523 $346,162 $0 $0
2019 $3,459 $338,380 $0 $0
2018 $3,471 $332,071 $0 $0
2017 $3,377 $325,241 $0 $0
2016 $3,395 $318,552 $0 $0
2015 $3,487 $316,338 $0 $0
2014 $3,585 $313,827 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • TM

    Seller's Agent in 2021

    Thomas Mack

    SBX Real Estate, LLC (KW)

  • EL

    Seller Co-Listing Agent in 2021

    Emily Lombard

    Buy The Keys (KW)

  • JC

    Buyer's Agent in 2021

    Jennifer Chaney

    Chaney Homes

    (410) 739-0242

    33 Total Sales

    Jennifer Chaney
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 594038

Florida Keys Board of REALTORS®

APN: 00193160-000000

Florida Monroe County Summerland Key 33042

118 Caribbean Dr E, Summerland Key, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Keys Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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