NOT LISTED FOR SALE

16550 Old State Rd Summerland Key, FL 33042

Estimated Value: $2,518,952 - $2,992,000

3 Beds
3 Baths
2,845 Sq Ft
$939/Sq Ft Est. Value

Last Sold November 18, 2013

Last sale price $1,185,000 $417 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $16,186/month

492 Days on Market

Highlights

  • Ocean Front
  • Home Theater
  • RV or Boat Parking
  • Sandy Beach
  • Concrete Pool
  • 1-minute walk to Loop Road

About This Home

As of November 2013

Tranquility Cove is a two acre estate in the prestigious Sugarloaf Beach just 17 miles from Key West. Secluded and gated, this private sanctuary offers impeccably landscaped grounds (over 44 species of palms) overlooking the crystal clear turquoise-blue waters of the Atlantic Ocean in a quiet setting. SEE SUPPLEMENT.

Last Agent to Sell the Property

LAURA VAN RENSBURG

Watson Luxury Properties License #3233110 Listed on: 05/20/2012

Co-Listed By

Kim Thaler

Ocean Sotheby's International Realty License #679315

Last Buyer's Agent

Lisa Ferringo

Coldwell Banker Schmitt Lower Keys (KW) License #605677

Coldwell Banker Schmitt Lower Keys (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,514

Year Built

  • Built in 1987

Lot Details

  • 1.94 Acre Lot
  • Ocean Front
  • Sandy Beach
  • Property is zoned SS - Sparsely Settled Residential District

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,845 Sq Ft Home
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Casement Windows
  • Sliding Doors
  • Home Theater
  • Storage
  • Ocean Views
  • Complete Accordion Shutters

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Carport
  • Guest Parking
  • Open Parking
  • RV or Boat Parking

Pool

  • Concrete Pool
  • In Ground Pool
  • Pool Deck

Outdoor Features

  • Balcony
  • Patio
  • Outdoor Water Feature
  • Lanai
  • Exterior Lighting
  • Tiki or Chickee Hut
  • Attached Grill

Utilities

  • Central Air
  • Whole House Permanent Generator
  • Aerobic Septic System

Community Details

  • No Home Owners Association
  • Sugarloaf Beach Subdivision
  • Rental Restrictions
  • RV Parking in Community

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00119260-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,514

Year Built

Built in 1987

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
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Sugarloaf Key
  • Limited Representation: No
  • Mile Marker: 17.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 4514.09
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport, Open Parking, Trailer Storage, RV Parking Open, Guest Parking
  • Year Built: 1987
  • Alternate Key Number: 1152803
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 84506.00
  • Pool Info: Concrete, In Ground, Decked
  • Porch Balcony: Open Porch/Balcony, Patio
  • Shutters: Accordion, Roll Down Manual
  • Species List: No
  • Tax Exemptions: Homestead
  • Estimated Living Sq Ft: 2845.00
  • Sewer Hook Up: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Window Treatments, Split Bedroom, Walk-in Closet(s), Storage, Granite Counter Top, Cathedral Ceilings, Drapes/Blinds Incl
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Microwave, Refrigerator, Oven, Dryer
  • Floor: Tile, Wood
  • Specialty Rooms: Laundry Room, Media Room
  • Windows/Doors: Casement, Sliding Glass Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: Frame
  • Exterior Features: Bar, Water Display, Sandy Beach, Lanai, Lighting, Chickee Hut, Built-in Grill
  • Roof: Shingle Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Utilities: Aerobic System, Whole House Generatr, FKAA, Buyer to Verify

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00119260-000000
  • Land Size: 1 Less Than 2 Acres
  • Acres: 1.94

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2011

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2012
Closed on
Nov 18, 2013
Sold by
Adams Michael S and Adams Patricia A
Bought by
Andrews Christine A
Seller's Agent
LAURA VAN RENSBURG
Watson Luxury Properties
Buyer's Agent
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
List Price
$1,625,000
Sold Price
$1,185,000
Premium/Discount to List
-$440,000
-27.08%
Total Days on Market
492
Current Estimated Value
$2,670,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,485,488
Avg. Annual Appreciation
7.29%
Original Mortgage
$829,500
Outstanding Balance
$630,279
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,040,209

Purchase Details

Closed on
Sep 28, 2000
Sold by
Silvers Roy and Silvers Ada
Bought by
Adams Michael S and Adams Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
7.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 13, 1997
Sold by
Clerk Of The Circuit Court
Bought by
Silvers Roy and Silvers Ada

Purchase Details

Closed on
Jul 1, 1995
Bought by
Andrews Christine A

Purchase Details

Closed on
Feb 1, 1975
Bought by
Andrews Christine A
Source: Public Records

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Range of Values:

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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
Andrews Christine A $1,185,000 True Title Agency Inc
Adams Michael S $645,000 --
Silvers Roy $5,000 --
Andrews Christine A $575,000 --
Andrews Christine A $16,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andrews Christine A $829,500
Previous Owner Silvers Roy $450,000
Previous Owner Silvers Roy $520,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2013 11/18/13 Sold $1,185,000 -27.1% $417 / Sq Ft
09/24/2013 09/24/13 Pending -- -- --
05/20/2012 05/20/12 For Sale $1,625,000 -- $571 / 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 $14,857 $1,978,142 $1,352,183 $625,959
2023 $14,857 $2,217,026 $1,644,035 $572,991
2022 $11,145 $1,289,527 $709,238 $580,289
2021 $10,739 $1,132,118 $612,535 $519,583
2020 $10,874 $1,135,446 $580,300 $555,146
2019 $10,518 $1,092,264 $580,300 $511,964
2018 $12,610 $1,280,503 $760,639 $519,864
2017 $12,572 $1,287,676 $0 $0
2016 $12,103 $1,219,864 $0 $0
2015 $12,608 $1,354,663 $0 $0
2014 $11,240 $1,025,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2013

    LAURA VAN RENSBURG

    Watson Luxury Properties

    (800) 207-4160

    Section Image
  • Kim Thaler

    Seller Co-Listing Agent in 2013

    Kim Thaler

    Ocean Sotheby's International Realty

    (305) 393-2787

    54 Total Sales

    Kim Thaler
    Section Image
  • Lisa Ferringo

    Buyer's Agent in 2013

    Lisa Ferringo

    Coldwell Banker Schmitt Lower Keys (KW)

    (305) 797-1221

    636 Total Sales

    Lisa Ferringo
    Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 558074

Florida Keys Board of REALTORS®

APN: 00119260-000000

Florida Monroe County Summerland Key 33042

16550 Old State Rd, Summerland Key, FL

This home is located at 16550 Old State Rd, Summerland Key, FL 33042 since 20 May 2012 and is currently estimated at $2,670,488, approximately $938 per square foot. This property was built in 1987. 16550 Old State Rd 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.

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