NOT LISTED FOR SALE

16540 Old State Road 4a Summerland Key, FL 33042

Estimated Value: $1,881,000 - $2,198,000

4 Beds
3 Baths
2,706 Sq Ft
$755/Sq Ft Est. Value

Last Sold May 27, 2022

Last sale price $1,775,000 $656 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $11,859/month

53 Days on Market

Highlights

  • Ocean Front
  • Cathedral Ceiling
  • Central Air
  • Deck
  • Balcony
  • 1-minute walk to Loop Road

About This Home

As of May 2022

Relax on your own private beach . This 4 bedroom 3 bath home with elevator and ocean views from your master bedroom on the 2nd floor . The third floor has stunning ocean views from the kitchen and living room area . 2700 sq. ft. of living space with 2- 500 sq. ft decks on the 2nd and 3rd floor . There is over 2000 sq. ft of garage space with your own personal workshop and room for all of your toys. The owner owns a 3rd of an acre of bay bottom rights which probably with the proper application to the county is allowed an 80 ft dock to be built and the draft will be 3ft. This home is one of the 14 homes built in this area directly on the ocean with views to last forever . It is very rare to have a home in this price range come on the market. Call us for your private showing

Last Agent to Sell the Property

Louis Condos

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3207946 Listed on: 03/09/2022

Berkshire Hathaway HomeServices Knight & Gardner Realty

Co-Listed By

Mary Jo Rostien

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3207882

Last Buyer's Agent

Lela Ashkarian

Coldwell Banker Schmitt Real Estate Co. License #622790

Coldwell Banker Schmitt Real Estate Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,094

Year Built

  • Built in 1988

Lot Details

  • 0.68 Acre Lot
  • Ocean Front
  • Property is zoned SS - Sparsely Settled Residential District

Parking

  • Garage

Interior Spaces

  • 2,706 Sq Ft Home
  • Elevator
  • Cathedral Ceiling
  • Ocean Views
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Central Air
  • Septic Tank

Community Details

  • Property has a Home Owners Association
  • Sugarloaf Beach Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 00119280-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,094

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: Yes
  • Control Depth: 2
  • Fee Includes: None
  • Key Island: Sugarloaf Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 17.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 3093.58
  • Vehicle Storage: Garage
  • Year Built: 1988
  • Alternate Key Number: 1152820
  • Cooling Heating: Central Air
  • Lot Sq Ft: 65950.00
  • Porch Balcony: Deck, Open Porch/Balcony
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 2706.00
  • Sewer Hook Up: No
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Cathedral Ceilings, Elevator
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 4

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: Combo Construction
  • Waterview: Ocean View
  • Pool: No

Utilities

  • Utilities: Buyer to Verify, Septic Tank, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00119280-000000
  • Lot Size: 80-280, 80-200
  • Land Size: 1/2 - Less Than 1 AC
  • Acres: 0.68

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
Mar 9, 2022
Closed on
May 17, 2022
Sold by
Russell Edward J
Bought by
Maher Michael J and Maher Robyn
Seller's Agent
Louis Condos
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Lela Ashkarian
Coldwell Banker Schmitt Real Estate Co.
List Price
$1,799,000
Sold Price
$1,775,000
Premium/Discount to List
-$24,000
-1.33%
Total Days on Market
53
Current Estimated Value
$2,042,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,194
Avg. Annual Appreciation
4.77%
Original Mortgage
$1,420,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 2006
Sold by
Russell Edward J and Russell Janet Katherine
Bought by
Russell Edward J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$743,426
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 6, 2004
Sold by
Morningside Inc
Bought by
Russell Edward J and Russell Janet Katherine

Purchase Details

Closed on
Jun 14, 1999
Sold by
B R E Investments
Bought by
Russell Edward J and Russell Janet Katherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 1996
Sold by
Jacobs Faye C
Bought by
Jacobs Harvey B

Purchase Details

Closed on
Sep 1, 1991
Bought by
Russell Edward J

Purchase Details

Closed on
Mar 1, 1988
Bought by
Russell Edward J
Source: Public Records

Similar Homes in the area

  • 17094 Coral Dr, Summerland Key, FL 33042

    $1,799,000

    • 3 Beds
    • 3 Baths
    • 1,998 Sq Ft
    • 17094 Coral Dr
    • Summerland Key, FL

    This beautifully appointed home is located in prestigious Sugarloaf Shores, an upscale coastal community of waterfront homes just 15 miles from the magic of Key West. As you enter the 3 Bedroom 2 Bath 2,000 sq. ft. home a massive Great Room greets you highlighted by a true chef's Kitchen offering lots of custom cabinetry, stainless appliances, 2 wine coolers and large center island for friends

    Lisa Ferringo Coldwell Banker Schmitt Lower Keys (KW)

    Section Image
  • 1068 Buttonwood Dr E, Summerland Key, FL 33042

    $1,699,000

    • 4 Beds
    • 3 Baths
    • 1,967 Sq Ft
    • 1068 Buttonwood Dr E
    • Summerland Key, FL

    Tucked away in the prestigious Sugarloaf Shores neighborhood this exceptionally private canal front retreat sits high on the ground sprawling over 1/2 acre of lushly landscaped fenced and gated grounds. Step inside the Living Room where large impact windows greet you boasting picturesque pool and garden views while flooding the space with natural light, creating an airy, welcoming atmosphere.

    Lisa Ferringo Coldwell Banker Schmitt Lower Keys (KW)

    Section Image
  • 20867 5th Ave W, Cudjoe Key, FL 33042

    $1,999,000

    • 3 Beds
    • 2 Baths
    • 1,702 Sq Ft
    • 20867 5th Ave W
    • Cudjoe Key, FL

    Enjoy deep draft dockage, 2 Boat Lifts, Garage and Pool plus no steps to climb at this 3 Bedroom 2 Bath home located in Cudjoe Gardens, an upscale waterfront community of CBS constructed Above Flood ground level homes offering a neighborhood full service marina and waterfront restaurant and bar. Enter into the open Great Room where a wall of impact glass doors overlooks the pool and water. The

    Lisa Ferringo Coldwell Banker Schmitt Lower Keys (KW)

    Section Image
  • 20771 2nd Ave W, Summerland Key, FL 33042

    $2,300,000

    • 3 Beds
    • 2 Baths
    • 2,047 Sq Ft
    • 20771 2nd Ave W
    • Summerland Key, FL

    Wonderful Cudjoe Gardens property! High quality concrete construction and custom metal roof. This 3 bed 2 bathroom home has large, open living and wonderful outdoor living space- complete with pool, tiki and firepit. Exceptional boating- the 100' concrete dock is set up for 2 boats- with a 20,000 lb lift and davits rated to 10,000 lbs. Enjoy easy boating access to world class fishing and diving

    Sandra Tuttle Island Welcome Real Estate

    Section Image
  • 20883 4th Ave, Cudjoe Key, FL 33042

    $1,599,000

    • 3 Beds
    • 3 Baths
    • 2,524 Sq Ft
    • 20883 4th Ave
    • Cudjoe Key, FL

    Tucked away in the boating community of Cudjoe Gardens, this spacious 3 Bedroom plus Loft canal front home boasts over 2,500 sq. ft. with soaring ceilings and a 2-car garage. Thoughtfully designed for both relaxation and functionality, the space is filled with natural light which flows seamlessly from room to room. The massive Kitchen is highly functional featuring lots of granite counter space

    Lisa Ferringo Coldwell Banker Schmitt Lower Keys (KW)

    Section Image
  • 22865 Redfish Ln, Summerland Key, FL 33042

    $1,785,000

    • 3 Beds
    • 2 Baths
    • 1,667 Sq Ft
    • 22865 Redfish Ln
    • Summerland Key, FL

    The 'Island Life' awaits you in this stunning well thought out custom designed canal front property. This solid CBS home, nestled in lush tropical landscaping, features 3 bedrooms and 2 baths on an oversized 10,200 sq.ft. lot located in the tranquil setting of sought after Cudjoe Ocean Shores. This subdivision is extremely desirable due to the generous spacing between homes, as well as having

    Anneliese Dietrick Coldwell Banker Schmitt Lower Keys (KW)

    Section Image
  • 1323 Hudgins Dr, Summerland Key, FL 33042

    $1,850,000

    • 2 Beds
    • 2 Baths
    • 1,410 Sq Ft
    • 1323 Hudgins Dr
    • Summerland Key, FL

    Discover your slice of paradise with this beautifully remodeled 2-bedroom, 2-bathroom home, perfectly situated in the desirable Snug Harbor subdivision of Summerland Key, just 30 minutes from the vibrant atmosphere of Key West. This exceptional property boasts a solid concrete block construction, upgraded with hurricane impact doors and windows and a metal roof.Step inside to experience the airy

    Sandra Spaulding Coldwell Banker Schmitt Islamorada

    Section Image
  • 28573 Le Grand Rd, Little Torch Key, FL 33042

    $1,999,000

    • 3 Beds
    • 3 Baths
    • 1,998 Sq Ft
    • 28573 Le Grand Rd
    • Little Torch Key, FL

    This 2,000 sq ft concrete fortress was designed and built by the current owner and sprawls over 3 waterfront lots boasting 325' of canal frontage. Enjoy fantastic fishing and diving just minutes away from the the 180' deep draft concrete dock complete with boat basin, private boat ramp and davits. Upon entering this 3 Bedroom, 3 Bath home, you are greeted with an oversized Great Room which opens

    Lisa Ferringo Coldwell Banker Schmitt Lower Keys (KW)

    Section Image
  • 29655 Forrestal Ave, Big Pine Key, FL 33043

    $1,699,000

    • 3 Beds
    • 2 Baths
    • 1,932 Sq Ft
    • 29655 Forrestal Ave
    • Big Pine Key, FL

    This spacious 3-Bedroom, 2-Bathroom, 1932 sq ft house is located in the desirable Pine Channel Estates neighborhood, Big Pine Key. With two boat lifts and plenty of parking spaces for your RV, boat trailers, kayaks and vehicles, this home is perfect for the outdoor enthusiast. The downstairs includes large, enclosed storage spaces, a screened sitting area, garden shed, covered carport and fire

    Lisa Ferringo Coldwell Banker Schmitt Lower Keys (KW)

    Section Image
See All Homes in Summerland Key

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
Maher Michael J $1,775,000 Cunningham Miller Rhyne Pa
Maher Michael J $1,775,000 None Listed On Document
Russell Edward J $86,900 Chicago Title
Russell Edward J -- None Available
Russell Edward J $369,000 --
Jacobs Harvey B -- --
Russell Edward J $400,000 --
Russell Edward J $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maher Michael J $1,250,000
Closed Maher Michael J $1,420,000
Previous Owner Russell Edward J $729,750
Previous Owner Russell Edward J $743,426
Previous Owner Jacobs Harvey B $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2022 05/27/22 Sold $1,775,000 -1.3% $656 / Sq Ft
03/09/2022 03/09/22 For Sale $1,799,000 -- $665 / 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 $12,250 $1,174,964 $596,036 $578,928
2023 $12,250 $1,393,720 $831,164 $562,556
2022 $3,023 $344,950 $0 $0
2021 $3,094 $334,903 $0 $0
2020 $3,074 $330,280 $0 $0
2019 $3,013 $322,855 $0 $0
2018 $3,024 $316,836 $0 $0
2017 $2,933 $310,320 $0 $0
2016 $2,950 $303,938 $0 $0
2015 $3,038 $301,825 $0 $0
2014 $3,130 $299,430 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Louis Condos

    Seller's Agent in 2022

    Louis Condos

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (305) 747-6268

    37 Total Sales

    Louis Condos
    Section Image

  • M

    Seller Co-Listing Agent in 2022

    Mary Jo Rostien

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (305) 747-6268

    28 Total Sales

    Mary Jo Rostien
    Section Image
  • Lela Ashkarian

    Buyer's Agent in 2022

    Lela Ashkarian

    Coldwell Banker Schmitt Real Estate Co.

    (305) 743-5181

    276 Total Sales

    Lela Ashkarian
    Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 600038

Florida Keys Board of REALTORS®

APN: 00119280-000000

Florida Monroe County Summerland Key 33042

16540 Old State Road 4a, Summerland Key, FL

This home is located at 16540 Old State Road 4a, Summerland Key, FL 33042 since 09 March 2022 and is currently estimated at $2,042,194, approximately $754 per square foot. This property was built in 1988. 16540 Old State Road 4a 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.

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.

Nearby Homes