NOT LISTED FOR SALE

148 Caribbean Dr E Summerland Key, FL 33042

Estimated Value: $1,828,000 - $2,293,000

3 Beds
3 Baths
2,187 Sq Ft
$942/Sq Ft Est. Value

Last Sold March 07, 2023

Last sale price $2,100,000 $960 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $12,545/month

6 Days on Market

About This Home

As of March 2023

Rare direct Ocean and Sunset views are yours in this expansive oceanfront home featuring another rarity: a 2-story sereened atrium over the large pool and upper and lower patios. The 2,100 sq. ft. Main and Upper levels include 3 Bedroom Suites, with additional guest facilities. The 60 ft Concrete dock with a 10,000 lb. boatlift await your boat.....you will be on the Reef and beyond fast, with a coveted 'control depth' of 4 feet. The Main floor features an Open Concept great room with soaring planked cathedral ceilings and skylights allowing for natural lighting to pour in. Glass doors from the Great Room welcome you onto the balcony overlooking the Pool and Ocean. The Light-filled Kitchen is central, with an Island/Bar for gathering. Guests will appreciate 2 spacious Guest Bedroom Suites with full Bathrooms. The top floor is entirely a huge Primary Suite which includes a living-area and breathtaking Ocean Views from the double sliders leading onto the private balcony. Important extras include double closets, extra storage, and a soaking tub. Or re-imagine this space into a Family Suite for the Kids+Grandkids, or the Kids' BunkRoom, while the Master suite is then sited on the Main Floor. A large deck of Pavers meets the Oceanfront Seawall-Dock, adjacent to the heated pool with Spa-Waterfall. There's even a kayak launch area! Downstairs, find a storage area for all your fishing gear and a fully-finished ''Bonus Space'' which is not included in the homes square foot calculation. The entire property is surrounded by a concrete wall with circular drive, covered parking, and room for your trailer. Summerland Key's 'E. Caribbean' neighborhood is a favorite for boating access, neighborhood walks, and super-close proximity to restaurants and conveniences. Seller recently purchased this home, but changing plans require this sale.

Last Agent to Sell the Property

Michelle Blades

Realty Executives Florida Keys Old Town License #3184597 Listed on: 02/08/2023

Realty Executives Florida Keys Old Town

Last Buyer's Agent

Donna Pezzi

Coldwell Banker Schmitt RE Co. Lower Keys Office

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,843

Year Built

1967

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
  • Dockage Dock: Concrete
  • Dockage Dock Length: 60
  • Document Count: 1
  • Fee Includes: None
  • Key Island: Summerland Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 25.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Airstrip, Bike Paths
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 10379.00
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking, Trailer Storage, Covered Parking
  • Year Built: 1967
  • Alternate Key Number: 1255017
  • Building Style: Other Bldg Style
  • Cooling Heating: Central Air
  • Lot Sq Ft: 5500.00
  • Pool Info: In Ground, Decked, Concrete
  • Porch Balcony: Open Porch/Balcony, Deck, Screened Patio, Patio
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 2187.00
  • Pre Wired: Cable
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Window Treatments, Storage, Sky Light(s), Built-in Cabinets, Entrance Foyer, Split Bedroom, Cathedral Ceilings
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Specialty Rooms: Workshop
  • Windows/Doors: Glass Doors, Aluminum Windows
  • Total Bedrooms: 3
  • Sq Ft Remarks: Tax records show ''Lower Level Finished'' area is an additional 1,049 sq ft.

Exterior Features

  • Dockage: Boat Lift, Boat Ramp
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS, Frame, Concrete
  • Exterior Features: Fencing, Water Display, Storage, Privacy Wall/Fence, Hot Tub
  • Roof: Tile Roof, Concrete Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer
  • Heating: Electric

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2023
Closed on
Mar 7, 2023
Sold by
Dmi International Llc
Bought by
Fourmthomas3 Llc
Seller's Agent
Michelle Blades
Realty Executives Florida Keys Old Town
Buyer's Agent
Donna Pezzi
Coldwell Banker Schmitt RE Co. Lower Keys Office
List Price
$2,195,000
Sold Price
$2,100,000
Premium/Discount to List
-$95,000
-4.33%
Views
5
Current Estimated Value
$2,060,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$39,911
Avg. Annual Appreciation
-0.12%

Purchase Details

Listed on
Nov 12, 2021
Closed on
Aug 29, 2022
Sold by
148 E Caribbean Llc
Bought by
Dmi International Llc
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt RE Co. Lower Keys Office
Buyer's Agent
Michelle Blades
Realty Executives Florida Keys Old Town
List Price
$2,900,000
Sold Price
$2,150,000
Premium/Discount to List
-$750,000
-25.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.42%
Original Mortgage
$400,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 23, 2016
Closed on
Mar 6, 2017
Sold by
Stehman Lance C
Bought by
148 E Caribbean Llc
Seller's Agent
Beata Sharpe
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Dave Wiley
Coldwell Banker Schmitt Real Estate Co.
List Price
$1,600,000
Sold Price
$1,300,000
Premium/Discount to List
-$300,000
-18.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.62%

Purchase Details

Closed on
Mar 28, 2002
Sold by
Gregory L Shaffer M
Bought by
Stehman Lance

Purchase Details

Closed on
Feb 16, 1999
Sold by
Donald C Wooton Co & Tr and Valdeen C Wooton Co & Tr
Bought by
Shaffer Gregory L and Shaffer Tonya L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.85%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 1, 1990
Bought by
Stehman Lance

Purchase Details

Closed on
May 1, 1986
Bought by
Stehman Lance
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
Fourmthomas3 Llc $2,100,000 True Title Agency
Dmi International Llc $2,150,000 --
148 E Caribbean Llc $1,300,000 None Available
Stehman Lance $950,000 --
Shaffer Gregory L $700,000 --
Stehman Lance $225,000 --
Stehman Lance $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dmi International Llc $400,000
Previous Owner Shaffer Gregory L $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2023 03/07/23 Sold $2,100,000 -4.3% $960 / Sq Ft
02/14/2023 02/14/23 Pending -- -- --
02/08/2023 02/08/23 For Sale $2,195,000 +2.1% $1,004 / Sq Ft
08/29/2022 08/29/22 Sold $2,150,000 -8.5% $983 / Sq Ft
06/01/2022 06/01/22 Pending -- -- --
05/06/2022 05/06/22 Price Changed $2,349,000 -2.1% $1,074 / Sq Ft
04/20/2022 04/20/22 Price Changed $2,399,000 -1.2% $1,097 / Sq Ft
04/11/2022 04/11/22 Price Changed $2,429,000 -0.8% $1,111 / Sq Ft
03/17/2022 03/17/22 Price Changed $2,449,000 -1.0% $1,120 / Sq Ft
02/25/2022 02/25/22 Price Changed $2,474,000 -1.0% $1,131 / Sq Ft
01/11/2022 01/11/22 Price Changed $2,499,000 -7.4% $1,143 / Sq Ft
11/24/2021 11/24/21 Price Changed $2,699,000 -6.9% $1,234 / Sq Ft
11/12/2021 11/12/21 For Sale $2,900,000 +123.1% $1,326 / Sq Ft
03/06/2017 03/06/17 Sold $1,300,000 -18.8% $594 / Sq Ft
02/10/2017 02/10/17 Pending -- -- --
08/23/2016 08/23/16 For Sale $1,600,000 -- $732 / 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 $15,843 $1,753,707 $1,138,775 $614,932
2023 $15,843 $1,782,645 $1,206,824 $575,821
2022 $10,379 $1,204,238 $649,935 $554,303
2021 $9,817 $997,922 $497,173 $500,749
2020 $9,899 $996,912 $484,674 $512,238
2019 $11,081 $1,120,334 $601,329 $519,005
2018 $11,733 $1,156,881 $633,270 $523,611
2017 $11,052 $1,109,039 $0 $0
2016 $10,331 $988,615 $0 $0
2015 $9,935 $913,248 $0 $0
2014 $12,292 $1,096,408 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michelle Blades

    Seller's Agent in 2023

    Michelle Blades

    Realty Executives Florida Keys Old Town

    (305) 394-4750

    72 Total Sales

    Section Image

  • D

    Buyer's Agent in 2023

    Donna Pezzi

    Coldwell Banker Schmitt RE Co. Lower Keys Office

  • L

    Seller's Agent in 2022

    Lisa Ferringo

    Coldwell Banker Schmitt RE Co. Lower Keys Office

  • B

    Seller's Agent in 2017

    Beata Sharpe

    Coldwell Banker Schmitt Real Estate Co.

  • D

    Buyer's Agent in 2017

    Dave Wiley

    Coldwell Banker Schmitt Real Estate Co.

See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 604138

Key West Association of REALTORS®

APN: 00193130-000000

Florida Monroe County Summerland Key 33042

148 Caribbean Dr E, Summerland Key, FL

This home is located at 148 Caribbean Dr E, Summerland Key, FL 33042 since 08 February 2023 and is currently estimated at $2,060,089, approximately $941 per square foot. This property was built in 1967. 148 Caribbean Dr E 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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