16640 Cypress Rd Summerland Key, FL 33042
Estimated payment $11,131/month
Highlights
- Soaking Tub
- Laundry Room
- 1-minute walk to Bay Point Park Playground
About This Home
RARE Solar-Powered Waterfront Tropical Gem with TESLA Storage Banks on Prestigious Sugarloaf Key! A rare opportunity to own a fully solar-powered waterfront residence featuring 26 solar panels and two Tesla Powerwall storage banks, offering exceptionally low energy costs, backup power, and the potential to earn credits by supplying excess energy back to the grid. This elevated 3 BD, 2 BA, 1,764 SF home sits on exclusive Southpoint--only three homes from open water and just 20 minutes to Key West.Step inside to a breathtaking cathedral Cupola, soaring above the open living, dining, and great room. Impact-glass windows fill the space with natural light, highlighting the home's tropical architecture and warm coastal finishes. The kitchen is designed for effortless entertaining with a double island, stainless steel appliances, and new quartz countertops. The split floor plan creates exceptional privacy. The primary suite features a large walk-in shower, jacuzzi tub, double vanity, and a spacious walk-in closet that connects to a versatile laundry/fitness/office room--also home to the Tesla storage banks. The opposite wing offers two guest bedrooms and a dual-access bathroom with two private vanities. Enhance your waterfront lifestyle with an impressive concrete boat ramp for jet skis, boats, kayaks, and paddleboards, plus a newly installed 10,000 lb boat lift on a deep, wide, crystal-clear canal providing fast access to both the Gullf and Atlantic. The oversized 15,000 SF lot bursts with vibrant tropical landscaping and includes a newly completed tropical pool with natural rock feature. Enjoy sunset views and star-filled nights from the rooftop observation deck. Additional features include Andersen impact windows and sliding glass doors, low insurance costs, covered parking, and excellent storage below the home.A rare Keys offering combining sustainable energy, modern resilience, and luxurious waterfront living--an exceptional opportunity in today's market.
Home Details
Home Type
- Single Family
Year Built
- 1991
Additional Features
- Soaking Tub
- Laundry Room
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $11,169 | $979,708 | $614,100 | $365,608 |
| 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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/11/2025 12/11/25 | For Sale | $1,939,000 | +20.4% | $1,099 / Sq Ft | |
| 03/27/2023 03/27/23 | Sold | $1,610,000 | -7.7% | $913 / Sq Ft | View Prior Sale |
| 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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,610,000 | -- | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $395,000 | -- | |
| Warranty Deed | $29,500 | -- | |
| Deed | $5,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,288,000 | New Conventional | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $304,600 | New Conventional | |
| Previous Owner | $300,700 | New Conventional | |
| Previous Owner | $52,000 | New Conventional |
Source: Key West Association of REALTORS®
MLS Number: 617675
APN: 00166976-011000
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