NOT LISTED FOR SALE

16623 Banyan Ln Summerland Key, FL 33042

Estimated Value: $3,356,000 - $3,492,333

5 Beds
3.5 Baths
4,078 Sq Ft
$837/Sq Ft Est. Value

Last Sold August 27, 2020

Last sale price $2,025,000 $497 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $19,213/month

535 Days on Market

Highlights

  • Airstrip
  • Boat Ramp
  • Home Theater
  • Dock made with concrete
  • Property Fronts a Bay or Harbor
  • 1-minute walk to Bay Point Park Playground

About This Home

As of August 2020

This 4,000 sq. ft. custom built concrete 5 BR 3.5 BA Pool home sprawls over 1/2 acre point lot & is highlighted by gorgeous sunset views over Sugarloaf Sound. As you enter through the Foyer to the large Great Room beautiful Brazilian hardwood floors & soaring ceilings greet you along w/lots of glass looking out to the open water. The Chef's Kitchen offers granite counters, lots of cabinetry & breakfast nook w/wide water views. The Master Suite is complete with large bath, his/her walk-in closets & picturesque views of the bay. The 2nd story Family Room is ideal for entertaining friends & family. Guests are accommodated in the Guest Wing w/2 large Suites. The tropically landscaped grounds boasts a sparkling waterfront pool & concrete dock w/davits. 5- car Garage & metal roof & storage.

Last Agent to Sell the Property

Lisa Ferringo

Coldwell Banker Schmitt RE Co. License #605677 Listed on: 03/11/2019

Last Buyer's Agent

Justyn Ewald

Expert Realty LLC (HQ) License #3363807

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,362

Year Built

  • Built in 2002

Lot Details

  • 0.6 Acre Lot
  • Property Fronts a Bay or Harbor
  • Fenced
  • Property is zoned IS - Improved Subivision District

Home Design

  • Metal Roof
  • HardiePlank Siding

Interior Spaces

  • 4,078 Sq Ft Home
  • Bar
  • Tray Ceiling
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Single Hung Windows
  • Casement Windows
  • Sliding Doors
  • Entrance Foyer
  • Home Theater
  • Sun or Florida Room
  • Storage
  • Gulf Views

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Complete Electric Power Shutters

Parking

  • 3 Car Garage
  • Automatic Garage Door Opener
  • Electric Gate
  • Off-Street Parking
  • RV or Boat Parking

Pool

  • Concrete Pool
  • In Ground Pool
  • Spa
  • Pool Deck

Outdoor Features

  • Airstrip
  • Davits
  • Boat Ramp
  • Dock made with concrete
  • Balcony
  • Outdoor Water Feature
  • Lanai
  • Outdoor Storage

Utilities

  • Central Air
  • Propane
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00166976-010600

Community Details

Overview

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

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,362

Year Built

Built in 2002

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
  • Voluntary HOA: Yes
  • Control Depth: 3
  • Dockage Dock: Concrete
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Sugarloaf Key
  • Limited Representation: No
  • Mile Marker: 17.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Airstrip, Other Area Features, Bike Paths
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 15362.41
  • Title: Negotiable
  • Vehicle Storage: Auto Door Opener, Trailer Storage, RV Parking Open, Off Street Parking, Garage
  • Vehicle Storage Cars: 3
  • Year Built: 2002
  • Alternate Key Number: 1215406
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 25920.00
  • Pool Info: Concrete, In Ground, Decked
  • Porch Balcony: Open Porch/Balcony
  • Shutters: Accordion, Roll Down Electric
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 4078.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Bar, Security System, Window Treatments, Walk-in Closet(s), Tray Ceilings, Storage, Split Bedroom, Other, Pantry, Granite Counter Top, Cathedral Ceilings, Entrance Foyer, Drapes/Blinds Incl, Built-in Cabinets
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Microwave, Refrigerator, Range, Oven, Gas Appliances, Dryer
  • Floor: Tile, Wood
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room, Sun/Florida Room, Other, Media Room
  • Windows/Doors: Casement, Single Hung Windows, Glass Doors
  • Total Bedrooms: 5

Exterior Features

  • Dockage: Boat Ramp, Davits
  • Waterfront: Bay Front, Open Water
  • Waterfront: Yes
  • Construction: CBS, Hardi Board Siding, Combo Construction
  • Exterior Features: Fencing, Water Display, Storage, Hot Tub, Lanai
  • Roof: Metal Roof
  • Waterview: Bay/Gulf View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: Buyer to Verify, Propane, Municipal Sewer, FKAA, Cable Available

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00166976-010600
  • Land Size: 1/2 - Less Than 1 AC
  • Acres: 0.60

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2017

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2022
Sold by
Vandyke Kevin M
Bought by
Vandyke Kevin M
Current Estimated Value
$3,414,083

Purchase Details

Listed on
Mar 11, 2019
Closed on
Aug 27, 2020
Sold by
Travalia Silvio C and Travalia Ellen Mary
Bought by
Vandyke Kevin M
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Justyn Ewald
Expert Realty LLC (HQ)
List Price
$2,850,000
Sold Price
$2,025,000
Premium/Discount to List
-$825,000
-28.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.74%
Original Mortgage
$1,620,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 1989
Bought by
Travalia Silvio C and Travalia Mary Ellen

Purchase Details

Closed on
Sep 1, 1987
Bought by
Travalia Silvio C and Travalia Mary Ellen

Purchase Details

Closed on
Nov 1, 1980
Bought by
Travalia Silvio C and Travalia Mary Ellen

Purchase Details

Closed on
Feb 1, 1971
Bought by
Travalia Silvio C and Travalia Mary Ellen
Source: Public Records

Range of Values:

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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
Vandyke Kevin M -- --
Vandyke Kevin M $2,025,000 Oropeza Stones Cardenas Pllc
Travalia Silvio C $175,000 --
Travalia Silvio C $85,000 --
Travalia Silvio C $61,000 --
Travalia Silvio C $9,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vandyke Kevin M $1,620,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2020 08/27/20 Sold $2,025,000 -8.0% $497 / Sq Ft
06/12/2020 06/12/20 Price Changed $2,200,000 -22.8% $539 / Sq Ft
03/11/2019 03/11/19 For Sale $2,850,000 -- $699 / 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 $15,701 $1,898,380 -- --
2023 $15,701 $1,843,088 $0 $0
2022 $15,281 $1,789,406 $0 $0
2021 $15,884 $1,737,288 $893,851 $843,437
2020 $17,664 $1,872,090 $791,208 $1,080,882
2019 $17,209 $1,852,013 $769,824 $1,082,189
2018 $15,949 $1,630,526 $781,488 $849,038
2017 $15,748 $1,694,165 $0 $0
2016 $15,027 $1,610,507 $0 $0
2015 $13,678 $1,321,165 $0 $0
2014 $13,233 $1,259,348 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Lisa Ferringo

    Coldwell Banker Schmitt RE Co.

  • Justyn Ewald

    Buyer's Agent in 2020

    Justyn Ewald

    Expert Realty LLC (HQ)

    (305) 587-7330

    168 Total Sales

    Justyn Ewald
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 584722

Florida Keys Board of REALTORS®

APN: 00166976-010600

Florida Monroe County Summerland Key 33042

16623 Banyan Ln, Summerland Key, FL

This home is located at 16623 Banyan Ln, Summerland Key, FL 33042 since 11 March 2019 and is currently estimated at $3,414,083, approximately $837 per square foot. This property was built in 2002. 16623 Banyan 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.

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.

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