NOT LISTED FOR SALE

178 Caribbean Dr E Summerland Key, FL 33042

Estimated Value: $1,053,000 - $1,930,000

2 Beds
2 Baths
1,382 Sq Ft
$1,144/Sq Ft Est. Value

Last Sold April 12, 2018

Last sale price $1,070,000 $774 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $9,377/month

267 Days on Market

About This Home

As of April 2018

Ocean front with the most incredible views and magnificent sunsets! This ocean front CBS home in prestigious Summerland Key is the ultimate location for entertaining. Direct ocean frontage with ocean front swimming pool, outdoor bar and Tiki hut. Quick access to a deep, marked channel to the Atlantic and Gulf of Mexico. It has a beautiful concrete seawall including boat davits and custom aluminum step downs. Includes gorgeous custom etched concrete design around the pool and carport areas, elevator, garage, lots of storage space, metal roof, accordion hurricane shutters and beautiful tropical private foliage.

Last Agent to Sell the Property

Fred Mullins

Coldwell Banker Schmitt Real Estate Co. (KW) License #3048048 Listed on: 06/18/2017

Coldwell Banker Schmitt Real Estate Co. (KW)

Last Buyer's Agent

Patti Nickless

Coldwell Banker Schmitt Lower Keys (KW) License #531649

Coldwell Banker Schmitt Lower Keys (KW)

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,456

Year Built

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
  • Control Depth: 4
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Summerland Key
  • K W Neighborhood: Outside of Key West
  • Limited Representation: No
  • Mile Marker: 25.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Other Area Features, Airstrip
  • Off Shore Island: No
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 6568.23
  • Title: Negotiable
  • Vehicle Storage: Garage, Open Parking, Attached
  • Year Built: 1987
  • Alternate Key Number: 1254983
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Central Air, Heat, Ceiling Fans(s)
  • Lot Sq Ft: 6000.00
  • Pool Info: In Ground, Decked
  • Porch Balcony: Open Porch/Balcony, Patio, Deck
  • Shutters: Accordion
  • Species List: Yes
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1382.00
  • Sewer Hook Up: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Elevator, Storage, Split Bedroom, Cathedral Ceilings
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Sliding Glass Doors, Impact Rstnce Window
  • Total Bedrooms: 2
  • Accessibility Features: None

Exterior Features

  • Dockage: Davits
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Bar, Storage, Fencing, Chickee Hut
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: No Security
  • Utilities: FKAA, Cable Available, Septic Tank

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,VE,AE
  • Parcel Number: 00193100-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2017
Closed on
Apr 17, 2018
Sold by
Glenn D Prah Revocable Trust
Bought by
Liv Jonathan P Wiens Revocable
Seller's Agent
Fred Mullins
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Patti Nickless
Coldwell Banker Schmitt Lower Keys (KW)
List Price
$1,329,000
Sold Price
$1,070,000
Premium/Discount to List
-$259,000
-19.49%
Current Estimated Value
$1,580,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$510,821
Avg. Annual Appreciation
5.66%

Purchase Details

Closed on
Sep 24, 2007
Sold by
Prah Glenn D
Bought by
Glenn D Prah Revocable Trust and Prah Glenn D

Purchase Details

Closed on
May 12, 2006
Sold by
Eldridge Peter A and Eldridge Patricia A
Bought by
Prah Glenn D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$952,500
Interest Rate
6.39%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 26, 2004
Bought by
Prah Glenn D Rev Tr 04/1000

Purchase Details

Closed on
Jun 19, 1998
Sold by
Sink Monty and Sink Nancy
Bought by
Shepley Leonard D and Shepley Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,150
Interest Rate
7.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 1, 1987
Bought by
Prah Glenn D Rev Tr 04/1000
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Liv Jonathan P Wiens Revocable $1,070,000 None Listed On Document
Glenn D Prah Revocable Trust -- Attorney
Prah Glenn D $1,270,000 True Title Agency Inc
Prah Glenn D Rev Tr 04/1000 $995,000 --
Shepley Leonard D $385,000 --
Prah Glenn D Rev Tr 04/1000 $18,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Prah Glenn D $952,500
Previous Owner Shepley Leonard D $320,000
Previous Owner Shepley Leonard D $779,995
Previous Owner Shepley Leonard D $40,000
Previous Owner Shepley Leonard D $227,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2018 04/12/18 Sold $1,070,000 -19.5% $774 / Sq Ft
03/12/2018 03/12/18 Pending -- -- --
06/18/2017 06/18/17 For Sale $1,329,000 -- $962 / 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 $11,456 $1,627,925 $1,230,000 $397,925
2023 $11,456 $1,681,206 $1,303,500 $377,706
2022 $9,034 $1,045,452 $702,000 $343,452
2021 $8,504 $853,957 $537,000 $316,957
2020 $8,487 $843,759 $523,500 $320,259
2019 $9,083 $904,626 $649,500 $255,126
2018 $9,714 $945,258 $684,000 $261,258
2017 $6,521 $657,436 $0 $0
2016 $6,568 $643,914 $0 $0
2015 $6,752 $639,438 $0 $0
2014 $6,972 $634,363 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Fred Mullins

    Seller's Agent in 2018

    Fred Mullins

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 304-5341

    67 Total Sales

    Fred Mullins
    Section Image
  • Patti Nickless

    Buyer's Agent in 2018

    Patti Nickless

    Coldwell Banker Schmitt Lower Keys (KW)

    (305) 304-6949

    211 Total Sales

    Patti Nickless
    Section Image
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Map

Source: Key West Association of REALTORS®

MLS Number: 575968

Key West Association of REALTORS®

APN: 00193100-000000

Florida Monroe County Summerland Key 33042

178 Caribbean Dr E, Summerland Key, FL

This home is located at 178 Caribbean Dr E, Summerland Key, FL 33042 since 18 June 2017 and is currently estimated at $1,580,821, approximately $1,143 per square foot. This property was built in 1987. 178 Caribbean Dr E 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.

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