NOT LISTED FOR SALE

16640 Cypress Rd Summerland Key, FL 33042

Estimated Value: $1,417,000 - $1,850,000

3 Beds
2 Baths
1,764 Sq Ft
$926/Sq Ft Est. Value

Last Sold March 27, 2023

Last sale price $1,610,000 $913 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $9,012/month

119 Days on Market

About This Home

As of March 2023

RARE SOLAR POWERED waterfront Tropical Gem with TESLA storage banks! This ''Off The Grid'' gorgeous 3 bed 2 bath 1,764 SF stilted home has minimal energy bills & potential to earn energy credits by supplying excess energy back to the ''grid''. 26 solar panels with 2 Tesla power storage banks make this home highly energy efficient giving you peace of mind during a storm & no worries during power outages. Located on prestigious Southpoint, Sugarloaf Key only 3 homes from open water & only 20 minutes from Key West, this gorgeous home greets you with a breathtaking Cupola as you step inside. The soaring cathedral Cupola with impact side windows takes the center stage above the open plan living, dining and great room. The kitchen features a double island, stainless steel appliances & granite countertops. Split bedroom floorplan with the primary suite on the west side with a large walk-in shower, jacuzzi tub & double vanity. The spacious closet leads from the primary bed into the laundry/fitness/office where the Tesla storage banks are housed. On the opposite side of the home you will find 2 guest beds with a large dual access bathroom complete with 2 separate private vanities. There is an impressive extra large concrete ramp for you to launch your boat, jetskis, paddleboards, kayaks & water toys. Dock your boat alongside the long composite dock or on the floating dock in this deep crystal clear wide canal. Quick access to the Gulf & Atlantic Ocean.The oversized 15,000 SF lot is beautifully landscaped with lush foliage bursting with vibrant colors & there is plenty of room for a pool. Enjoy spectacular views, sunsets & star gaze at night from the rooftop open deck. Low insurances. Equipped with expensive Andersen impact windows & glass sliding doors. Storage & covered parking under the home. Check out the awesome live video to satisfy your virtual showing requests. A true rare find in the Keys home market!

Last Agent to Sell the Property

Lisa Swanson

The Agency Florida LLC License #BK3226537 Listed on: 10/14/2022

Last Buyer's Agent

Lisa Swanson

Coldwell Banker Schmitt Real Estate Co.

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,362

Year Built

1991

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Dock: Composite
  • Fee Includes: None
  • Key Island: Sugarloaf Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 17.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 5378.85
  • Title: Negotiable
  • Vehicle Storage: Carport, Trailer Storage, RV Parking Open, Open Parking
  • Year Built: 1991
  • Alternate Key Number: 1215449
  • Cooling Heating: Central Air, Ductless, Ceiling Fans(s)
  • Lot Sq Ft: 15000.00
  • Porch Balcony: Open Porch/Balcony, Deck, Screened Patio, Widow's Walk, Roof Top Deck, Screened P/B
  • Shutters: Bahama, Panel
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1764.00
  • G F Utilities: Solar Panels
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Cathedral Ceilings, Window Treatments, Walk-in Closet(s), Storage, Smoke Alarms, Sky Light(s), Security System, Granite Counter Top, Built-in Cabinets, Intercom, Split Bedroom
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Gas Appliances, Freezer, Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Carpet
  • Specialty Rooms: Laundry Room, Workshop
  • Windows/Doors: Sliding Glass Doors, Impact Rstnce Window
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Boat Ramp
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Frame, Hardi Board Siding
  • Exterior Features: Fencing, Storage, Privacy Wall/Fence, Rain Gutters
  • Roof: Metal Roof
  • Waterview: Bay/Gulf View, Open Water View, Canal View
  • Pool: No

Utilities

  • Security: Electric Gate, On Premises System
  • Utilities: FKAA, Solar Power, Municipal Sewer
  • Heating: Central

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00166976-011000
  • Land Size: 1/2 - Less Than 1 AC
  • Acres: 0.34

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2022
Closed on
Mar 27, 2023
Sold by
William L Waldrop Family Trust
Bought by
Turner Caleb D and Furlano Nicole L
Seller's Agent
Lisa Swanson
The Agency Florida LLC
Buyer's Agent
Lisa Swanson
Coldwell Banker Schmitt Real Estate Co.
List Price
$1,895,000
Sold Price
$1,610,000
Premium/Discount to List
-$285,000
-15.04%
Views
8
Current Estimated Value
$1,632,997

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,997
Avg. Annual Appreciation
0.56%
Original Mortgage
$1,288,000
Outstanding Balance
$1,244,381
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$388,616

Purchase Details

Closed on
Jan 16, 2012
Sold by
Waldrop William L
Bought by
Waldrop William Lawson

Purchase Details

Closed on
Aug 12, 2002
Sold by
Marshall L Harris M and Sandra K Harris M
Bought by
Waldrop William L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
6.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 1986
Bought by
Waldrop William L Family Trust 12/13/11

Purchase Details

Closed on
Nov 1, 1977
Bought by
Waldrop William L Family Trust 12/13/11
Source: Public Records

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
Turner Caleb D $1,610,000 --
Waldrop William Lawson -- Attorney
Waldrop William L $395,000 --
Waldrop William L Family Trust 12/13/11 $29,500 --
Waldrop William L Family Trust 12/13/11 $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Turner Caleb D $1,288,000
Previous Owner Waldrop William L $50,000
Previous Owner Waldrop William L $304,600
Previous Owner Waldrop William L $300,700
Previous Owner Waldrop William L $52,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2023 03/27/23 Sold $1,610,000 -7.7% $913 / Sq Ft
02/10/2023 02/10/23 Pending -- -- --
02/03/2023 02/03/23 Price Changed $1,745,000 -2.8% $989 / Sq Ft
12/29/2022 12/29/22 Price Changed $1,795,000 -5.3% $1,018 / Sq Ft
10/14/2022 10/14/22 For Sale $1,895,000 -- $1,074 / 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 $5,362 $1,301,737 $941,175 $360,562
2023 $5,362 $621,118 $0 $0
2022 $5,213 $603,028 $0 $0
2021 $5,379 $585,465 $0 $0
2020 $5,352 $577,382 $293,700 $283,682
2019 $5,611 $603,425 $357,113 $246,312
2018 $5,814 $609,365 $361,125 $248,240
2017 $5,363 $525,940 $0 $0
2016 $5,900 $651,637 $0 $0
2015 $5,311 $513,697 $0 $0
2014 $4,922 $427,562 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Swanson

    Seller's Agent in 2023

    Lisa Swanson

    The Agency Florida LLC

    (305) 924-3777

    128 Total Sales

    Lisa Swanson
    Section Image
See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 602749

Key West Association of REALTORS®

APN: 00166976-011000

Florida Monroe County Summerland Key 33042

16640 Cypress Rd, Summerland Key, FL

This home is located at 16640 Cypress Rd, Summerland Key, FL 33042 since 14 October 2022 and is currently estimated at $1,632,997, approximately $925 per square foot. This property was built in 1991. 16640 Cypress 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.

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.

Nearby Homes