NOT LISTED FOR SALE

151 Cutlass Ln Summerland Key, FL 33042

Estimated Value: $1,106,000 - $1,334,000

3 Beds
2 Baths
1,428 Sq Ft
$829/Sq Ft Est. Value

Last Sold August 30, 2021

Last sale price $935,000 $655 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $6,955/month

53 Days on Market

Highlights

  • 66 Feet of Waterfront
  • Canal View
  • High Ceiling
  • Property has ocean access
  • Deck
  • Impact Glass

About This Home

As of August 2021

BEAUTIFUL, completely remodeled 3/2, located on quiet island of Cudjoe Key! Only 20 minutes to Key West. This home, with 24 feet of impact sliding glass doors that open to a view of the canal, no bridges, just minutes to the ocean. Home, complete with elevator, has been completely updated including drywall, electric, plumbing, AC, all new impact glass windows & doors, metal roof and Hardie siding. New wall & attic insulation, waterproof flooring, trim & doors, cabinets, ceiling under house, landscaping and recycled asphalt driveway. Large primary bedroom suite with huge walk-in closet and large bathroom! Home has 10’ ceilings and main level laundry. Concrete dock & seawall with power & water run to it.

Last Agent to Sell the Property

Mark Borman

Coldwell Banker Realty License #3175115 Listed on: 06/07/2021

Coldwell Banker Realty

Last Buyer's Agent

Mark Borman

Coldwell Banker Realty License #3175115 Listed on: 06/07/2021

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,757

Year Built

  • Built in 1980

Lot Details

  • 66 Feet of Waterfront
  • Home fronts a canal
  • Southwest Facing Home

Parking

  • 4 Attached Carport Spaces

Home Design

  • Aluminum Roof

Interior Spaces

  • 1,428 Sq Ft Home
  • Elevator
  • High Ceiling
  • Canal Views
  • Impact Glass

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Property has ocean access
  • No Fixed Bridges
  • Deck
  • Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Cutthroat Harbor Estates Subdivision, Stilt One Story Floorplan

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,757

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: US 1/A1A to Cutthroat Drive to Jolly Rodger Drive first turn onto Cutlass Lane
  • Year Built: 1980
  • Architectural Style: Other
  • Carport Y N: Yes
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: High Ceilings, Elevator
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Private Spa: No
  • Furnished: Unfurnished
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Other
  • Living Area: 1428.0
  • Dining Room Type: Storage Room
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Deck, Security/High Impact Doors, Patio
  • View: Canal, Water
  • Road Frontage Type: Waterfront
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Canal Front, Dock Access, No Fixed Bridges, Ocean Access
  • Waterfront: Yes
  • Construction Type: Other
  • Direction Faces: Southwest
  • Patio And Porch Features: Deck, Patio
  • Property Condition: Resale, Updated/Remodeled
  • Roof: Aluminum

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Carport Spaces: 4.0
  • Garage Yn: No
  • Parking Features: Attached Carport, Covered

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public, Other

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Pets Allowed: No Pet Restrictions, Yes

Lot Info

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 2757.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2021
Closed on
Sep 26, 2021
Sold by
Diana Richard P and Diana Jacqlyn J
Bought by
Holding Mgmt Llc and The Cudjoe Key House Land Trust
Seller's Agent
Mark Borman
Coldwell Banker Realty
Buyer's Agent
Mark Borman
Coldwell Banker Realty
List Price
$950,000
Sold Price
$935,000
Premium/Discount to List
-$15,000
-1.58%
Current Estimated Value
$1,184,492

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$249,492
Avg. Annual Appreciation
6.65%
Original Mortgage
$748,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 7, 2021
Closed on
Aug 27, 2021
Sold by
Best Property Transformations Llc
Bought by
Diana Richard P and Diana Jacqlyn J
Seller's Agent
Mark Borman
Coldwell Banker Realty
Buyer's Agent
Mark Borman
Coldwell Banker Realty
List Price
$950,000
Sold Price
$935,000
Premium/Discount to List
-$15,000
-1.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$748,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 4, 2020
Closed on
Dec 18, 2020
Sold by
Wilson Arjean M and Wilson Betty J
Bought by
Best Propcrty Transformations Llc
Seller's Agent
Dorothy Mauriello
Prestige Realty BPK
Buyer's Agent
Terri Bodker
Ocean Bay Realty of the Keys
List Price
$350,000
Sold Price
$300,000
Premium/Discount to List
-$50,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
445.57%
Original Mortgage
$473,250
Interest Rate
2.7%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 1, 1979
Bought by
Wilson Betty J and Wilson Arjean M Arjean M
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
Holding Mgmt Llc $745,600 None Available
Diana Richard P $935,000 Attorney
Best Propcrty Transformations Llc $300,000 Attorney
Wilson Betty J $8,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Diana Richard P $748,000
Previous Owner Best Propcrty Transformations Llc $473,250
Previous Owner Wilson Betty J $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2021 08/30/21 Sold $935,000 -1.6% $655 / Sq Ft
07/31/2021 07/31/21 Pending -- -- --
06/07/2021 06/07/21 For Sale $950,000 +216.7% $665 / Sq Ft
12/30/2020 12/30/20 Sold $300,000 -14.3% $210 / Sq Ft
12/30/2020 12/30/20 Pending -- -- --
11/04/2020 11/04/20 For Sale $350,000 -- $245 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $8,382 $1,025,536 $512,940 $512,596
2023 $8,382 $1,030,550 $565,470 $465,080
2022 $7,295 $807,111 $336,810 $470,301
2021 $3,233 $309,141 $233,295 $75,846
2020 $710 $286,145 $0 $0
2019 $705 $279,712 $0 $0
2018 $697 $274,497 $203,940 $70,557
2017 $689 $336,840 $0 $0
2016 $689 $336,840 $0 $0
2015 $707 $298,859 $0 $0
2014 $707 $289,474 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark Borman

    Seller's Agent in 2021

    Mark Borman

    Coldwell Banker Realty

    (954) 646-6838

    1 in this area

    34 Total Sales

    Mark Borman
    Section Image

  • D

    Seller's Agent in 2020

    Dorothy Mauriello

    Prestige Realty BPK

  • T

    Buyer's Agent in 2020

    Terri Bodker

    Ocean Bay Realty of the Keys

See All Agents

Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10287978

BeachesMLS (Greater Fort Lauderdale)

APN: 00179940-000000

Florida Monroe County Summerland Key 33042

151 Cutlass Ln, Summerland Key, FL

This home is located at 151 Cutlass Ln, Summerland Key, FL 33042 since 07 June 2021 and is currently estimated at $1,184,492, approximately $829 per square foot. This property was built in 1980. 151 Cutlass 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.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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