NOT LISTED FOR SALE

127 Cedar Ln Summerland Key, FL 33042

Estimated Value: $1,803,773 - $2,306,000

4 Beds
4 Baths
2,147 Sq Ft
$912/Sq Ft Est. Value

Last Sold February 22, 2023

Last sale price $1,699,000 $791 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $10,888/month

199 Days on Market

About This Home

As of February 2023

Impressive Luxury Waterfront Tropical Oasis! Located on prestigious Southpoint, Sugarloaf Key only 20 min from Key West, this spectacular 4 bed 4 bath 2 story waterfront residence is custom built to withstand natures forces with its concrete construction. This gorgeous home boasts 3 ensuite bedrooms on the second floor, and a 4th bedroom/office with a separate guest bathroom on the 1st floor. The primary bedroom features a large spa/jacuzzi & an enclosed porch overlooking the wide canal & stunning open water views. The open kitchen with bar & wine chiller is ideal for entertaining or you can enjoy formal dining in the separate Dining area. New AC installed just a few months ago. New Washer/Dryer located on the 2nd floor. Ultimate Resort Style amenities include a heated custom pool, a beautiful sandy beach with swaying palm trees, tiki pavilion & future dock. This spacious canal front home has incredible open water views from each floor! The lush tropical landscaping boasts enormous palm trees with landscape lighting throughout. Large 12,500 SF lot. The dock in the photos has been removed and Seller has paid for engineers drawing & permitting for a 60ft dock and 15,000lb boat lift. Check out the awesome live video at the end of photos!

Last Agent to Sell the Property

Lisa Swanson

The Agency Florida LLC License #BK3226537 Listed on: 06/28/2022

The Agency Florida LLC

Last Buyer's Agent

Joe Bracciale

Select Properties of NWFL License #3233298

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,366

Year Built

2001

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Dock: Wood
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Key Island: Sugarloaf Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 17.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 7722.84
  • Title: Negotiable
  • Vehicle Storage: Open Parking, RV Parking Open, Trailer Storage, Off Street Parking, Guest Parking
  • Year Built: 2001
  • Alternate Key Number: 1214442
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Central Air, Heat, Ceiling Fans(s)
  • Lot Sq Ft: 12500.00
  • Pool Info: In Ground, Fiberglass
  • Porch Balcony: Deck, Screened Patio, Patio
  • Shutters: Panel
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2147.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Built-in Cabinets, Walk-in Closet(s), Storage, Smoke Alarms, Granite Counter Top, Fireplace(s)
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Gas Appliances, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Wood
  • Windows/Doors: Other Windows/Doors, Impact Rstnce Window
  • Total Bedrooms: 4

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Chickee Hut, Storage, Sandy Beach, Lanai, Lighting, Fencing
  • Roof: Metal Roof
  • Waterview: Canal View, Open Water View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Propane, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00166976-001000
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.29

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
Jun 28, 2022
Closed on
Feb 22, 2023
Sold by
Nathanson Neal William
Bought by
Launch Enterprises Llc
Seller's Agent
Lisa Swanson
The Agency Florida LLC
Buyer's Agent
Joe Bracciale
Select Properties of NWFL
List Price
$2,295,000
Sold Price
$1,699,000
Premium/Discount to List
-$596,000
-25.97%
Views
5
Current Estimated Value
$1,958,943

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,943
Avg. Annual Appreciation
5.46%

Purchase Details

Listed on
Dec 10, 2014
Closed on
May 13, 2015
Sold by
Carraway Moore Jr Gary and Carraway Moore Andrea
Bought by
Nathanson Neal W and Nathanson Jeanne H
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Susan Holler
Lokation Real Estate - Tavernier
List Price
$1,200,000
Sold Price
$1,020,000
Premium/Discount to List
-$180,000
-15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.78%
Original Mortgage
$500,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 1996
Sold by
Gail Samuel B and Gail Feitelberg
Bought by
Moore Gary G and Carraway Andrea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
8.32%

Purchase Details

Closed on
Jun 1, 1988
Bought by
Nathanson Neal W and Nathanson Jeanne H

Purchase Details

Closed on
Jul 1, 1983
Bought by
Nathanson Neal W and Nathanson Jeanne H

Purchase Details

Closed on
Oct 1, 1978
Bought by
Nathanson Neal W and Nathanson Jeanne H
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
Launch Enterprises Llc $1,699,000 --
Nathanson Neal W $1,020,000 Coastal Title & Closing Svcs
Moore Gary G $60,000 --
Nathanson Neal W $50,000 --
Nathanson Neal W $15,000 --
Nathanson Neal W $16,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nathanson Neal W $500,000
Previous Owner Moore Gary G $322,300
Previous Owner Moore Gary G $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/22/2023 02/22/23 Sold $1,699,000 -5.6% $791 / Sq Ft
01/13/2023 01/13/23 Pending -- -- --
01/06/2023 01/06/23 Price Changed $1,799,000 -5.3% $838 / Sq Ft
10/30/2022 10/30/22 Price Changed $1,899,000 -2.6% $884 / Sq Ft
09/15/2022 09/15/22 Price Changed $1,949,000 -9.1% $908 / Sq Ft
09/02/2022 09/02/22 Price Changed $2,145,000 -2.3% $999 / Sq Ft
07/11/2022 07/11/22 Price Changed $2,195,000 -4.4% $1,022 / Sq Ft
06/28/2022 06/28/22 For Sale $2,295,000 +125.0% $1,069 / Sq Ft
05/14/2015 05/14/15 Sold $1,020,000 -15.0% $510 / Sq Ft View Prior Sale
03/18/2015 03/18/15 Pending -- -- --
12/10/2014 12/10/14 For Sale $1,200,000 -- $600 / Sq Ft
Source: Key West 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 $7,366 $1,495,840 $881,250 $614,590
2023 $7,366 $862,980 $0 $0
2022 $7,474 $837,845 $0 $0
2021 $7,723 $813,442 $0 $0
2020 $7,689 $802,212 $275,000 $527,212
2019 $7,992 $832,032 $0 $0
2018 $8,053 $816,519 $0 $0
2017 $7,828 $799,724 $0 $0
2016 $8,928 $843,997 $0 $0
2015 $6,821 $677,918 $0 $0
2014 -- $492,236 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Swanson

    Seller's Agent in 2023

    Lisa Swanson

    The Agency Florida LLC

    (305) 924-3777

    128 Total Sales

    Lisa Swanson
    Section Image

  • J

    Buyer's Agent in 2023

    Joe Bracciale

    Select Properties of NWFL

    (850) 428-2003

    25 Total Sales

    Joe Bracciale
    Section Image

  • L

    Seller's Agent in 2015

    Lisa Ferringo

    Coldwell Banker Schmitt RE Co.

  • Susan Holler

    Buyer's Agent in 2015

    Susan Holler

    Lokation Real Estate - Tavernier

    (305) 393-1695

    64 Total Sales

    Susan Holler
    Section Image

  • S

    Buyer's Agent in 2015

    Susan Kay Holler, PA

    American Caribbean Real Estate, Christie's International Real Estate

See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 601583

Key West Association of REALTORS®

APN: 00166976-001000

Florida Monroe County Summerland Key 33042

127 Cedar Ln, Summerland Key, FL

This home is located at 127 Cedar Ln, Summerland Key, FL 33042 since 28 June 2022 and is currently estimated at $1,958,943, approximately $912 per square foot. This property was built in 2001. 127 Cedar Ln is a home located in Monroe County with nearby schools including Sugarloaf School and Key West High School.

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.

Key West Association 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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