NOT LISTED FOR SALE

1223 Ocean Dr Summerland Key, FL 33042

Estimated Value: $3,725,000 - $7,233,000

4 Beds
3.5 Baths
3,894 Sq Ft
$1,454/Sq Ft Est. Value

Last Sold March 26, 2021

Last sale price $4,700,000 $1,207 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $33,607/month

6 Days on Market

Highlights

  • Ocean Front
  • Concrete Pool
  • Cathedral Ceiling
  • Boat Lift
  • Marble Flooring
  • Furnished

About This Home

As of March 2021

Simply the Finest home in the Finest Location! Superbly built and orientated to take advantage of the direct Atlantic Ocean views and prevailing southeasterly breezes. This exemplary 4 bedroom 3.5 bath luxury estate with heated pool and spa affords the ultimate in privacy. Exquisitely appointed, this home has a separate wing with guest bedrooms & baths and the south wing devoted entirely to a spacious Master Suite facing the Atlantic Ocean. Structurally one of the finest built homes in the Florida Keys with Hurricane proof Andersen windows and doors, concrete floors, soaring ceilings, great room & designer kitchen. Oceanfront deep water dock with multiple boat lifts 24,000lb, 12,000lb and jet ski lift. World class fishing right from your dock! This is truly a dream home in the Florida Keys

Last Agent to Sell the Property

Maclaren Maclaren

Lower Keys Realty, Co. Listed on: 01/25/2021

Last Buyer's Agent

Chris Rady

Internet Realty of the Florida Keys License #3019994

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,729

Year Built

  • Built in 2005

Lot Details

  • 0.76 Acre Lot
  • Ocean Front
  • Property is zoned IS - Improved Subivision District

Home Design

  • Metal Roof

Interior Spaces

  • 3,894 Sq Ft Home
  • Furnished
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Entrance Foyer
  • Workshop
  • Storage
  • Utility Room
  • Marble Flooring
  • Ocean Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Impact Glass
  • Fire and Smoke Detector

Parking

  • Garage
  • Electric Gate
  • Guest Parking
  • Open Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Boat Lift
  • Balcony
  • Patio
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Summerland Beach Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00197160-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,729

Year Built

Built in 2005

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
  • Control Depth: 4
  • Fee Includes: None
  • 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
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 16728.78
  • Title: Negotiable
  • Vehicle Storage: Covered Parking, Off Street Parking, Open Parking, Guest Parking, Garage
  • Year Built: 2005
  • Alternate Key Number: 1258806
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 33100.00
  • Pool Info: Concrete, In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Patio
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 3894.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Pantry, Walk-in Closet(s), Storage, Split Bedroom, Smoke Alarms, Granite Counter Top, Cathedral Ceilings, Entrance Foyer, Drapes/Blinds Incl
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Oven, Refrigerator, Range, Microwave, Dryer
  • Floor: Marble
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room, Utility Room, Workshop
  • Windows/Doors: Impact Rstnce Doors, Impact Rstnce Window
  • Total Bedrooms: 4

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Bar, Storage, Outdoor Shower, Hot Tub, Lighting
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: Buyer to Verify, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE,AE,AE,VE
  • Parcel Number: 00197160-000000
  • Land Size: 1/2 - Less Than 1 AC
  • Acres: 0.76

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2021
Closed on
Mar 26, 2021
Sold by
Chapek Robert A and Chapek Cynthia A
Bought by
Boran Michael John and Boran Joyce Carol
Seller's Agent
Maclaren Maclaren
Lower Keys Realty, Co.
Buyer's Agent
Chris Rady
Internet Realty of the Florida Keys
List Price
$4,975,000
Sold Price
$4,700,000
Premium/Discount to List
-$275,000
-5.53%
Current Estimated Value
$5,662,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$962,460
Avg. Annual Appreciation
4.27%

Purchase Details

Closed on
Jun 1, 2010
Sold by
Stancel William R and Stancel Kimberly D
Bought by
Chapek Robert A and Chapek Cynthia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 7, 2004
Sold by
Stancel William R and Stancel Kimberly D
Bought by
Stancel William R and Stancel Kimberly D

Purchase Details

Closed on
Sep 26, 2002
Sold by
Ryan Thomas D
Bought by
Stancel William R and Stancel Kimberly D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2002
Sold by
Evelyn Riedl I
Bought by
Ryan Thomas D and Hirsch Robert H

Purchase Details

Closed on
Feb 1, 1970
Bought by
Chapek Family Trust 2/6/1996
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Boran Michael John $4,700,000 Attorney
Chapek Robert A $3,500,000 True Title Agency Inc
Stancel William R -- --
Stancel William R $600,000 --
Ryan Thomas D $295,000 --
Chapek Family Trust 2/6/1996 $11,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chapek Robert A $2,500,000
Previous Owner Ryan Thomas D $420,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2021 03/26/21 Sold $4,700,000 -5.5% $1,207 / Sq Ft
02/05/2021 02/05/21 For Sale $4,975,000 0.0% $1,278 / Sq Ft
01/31/2021 01/31/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $4,975,000 -- $1,278 / 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 $35,919 $4,359,595 -- --
2023 $35,919 $4,232,617 $0 $0
2022 $34,871 $4,097,878 $0 $0
2021 $20,841 $2,723,775 $833,293 $1,890,482
2020 $16,894 $1,788,512 $846,450 $942,062
2019 $16,729 $1,762,865 $806,978 $955,887
2018 $17,270 $1,768,994 $804,330 $964,664
2017 $18,298 $1,892,734 $0 $0
2016 $19,150 $1,923,883 $0 $0
2015 $22,404 $2,370,045 $0 $0
2014 $20,313 $1,884,164 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 594322

Florida Keys Board of REALTORS®

APN: 00197160-000000