NOT LISTED FOR SALE

225 S Point Dr Summerland Key, FL 33042

Estimated Value: $1,711,000 - $2,330,000

3 Beds
2 Baths
1,824 Sq Ft
$1,074/Sq Ft Est. Value

Sale Details

Date Sold: April 28, 2017

Last sale price $900,000 $493 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $11,848 / mo

203 Days on Market

Highlights

  • Airstrip
  • Property Fronts a Bay or Harbor
  • RV or Boat Parking
  • Dock made with concrete
  • Concrete Pool
  • 1-minute walk to Bay Point Park Playground

About This Home

As of April 2017

Tropical Resort-Style waterfront pool home in prestigious South Point/Sugarloaf Shores. The custom built 3/2 1,824 sq. ft. home is highlighted by an open floor plan boasting walls of windows overlooking the bay. The 1/4 acre property features a concrete dock w/davit, waterfront pool w/tiki pavilion, & lots of tropical landscaping. Completely walled & fenced. More photos will be online October 7th.

Last Agent to Sell the Property

Lisa Ferringo

Coldwell Banker Schmitt Real Estate Co License #605677 Listed on: 09/22/2016

Coldwell Banker Schmitt Real Estate Co

Last Buyer's Agent

Nate Meyer

Meyer and Boumerhi Realty LLC License #3047995

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,533

Year Built

  • Built in 1982

Lot Details

  • 12,500 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Privacy Fence
  • Fenced
  • Property is zoned IS - Improved Subivision District

HOA Fees

  • $4 Monthly HOA Fees

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,824 Sq Ft Home
  • Furnished
  • Bar
  • Ceiling Fan
  • Blinds
  • Tile Flooring
  • Gulf Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Carport
  • Off-Street Parking
  • RV or Boat Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Pool Deck

Outdoor Features

  • Airstrip
  • Dock made with concrete
  • Screened Balcony
  • Patio
  • Lanai
  • Outdoor Storage
  • Tiki or Chickee Hut

Utilities

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

Community Details

  • Sugarloaf Shores Subdivision
  • Rental Restrictions
  • RV Parking in Community

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00166976-002500

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,533

Year Built

Built in 1982

Lot Details

0.29 Acres

HOA Fees

$4 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • Association Fee: 50.00
  • Mandatory HOA: No
  • Voluntary HOA: Yes
  • Dockage Dock: Concrete
  • Fee Includes: Other
  • 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: Other Area Features, Airstrip
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 7532.64
  • Title: Negotiable
  • Vehicle Storage: Carport, RV Parking Open, Trailer Storage, Off Street Parking
  • Year Built: 1982
  • Alternate Key Number: 1214591
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Central Air, Heat, Ceiling Fans(s)
  • Lot Sq Ft: 12500.00
  • Pool Info: In Ground, Decked, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Screened P/B, Patio
  • Association Maintenance Fee Per: Yearly
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1824.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Walk-in Closet(s), Bar
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Total Bedrooms: 3

Exterior Features

  • Waterfront: Bay Front, Open Water
  • Waterfront: Yes
  • Construction: Frame
  • Exterior Features: Chickee Hut, Storage, Privacy Wall/Fence, Lanai, Fencing
  • Roof: Shingle Roof
  • Waterview: Bay/Gulf View, Open Water View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Cable Available, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00166976-002500
  • Lot Size: 125 x 100
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.29

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2015

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2016
Closed on
Apr 28, 2017
Sold by
Bought by
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt Real Estate Co
Buyer's Agent
Nate Meyer
Meyer and Boumerhi Realty LLC
List Price
$1,099,000
Sold Price
$900,000
Premium/Discount to List
-$199,000
-18.11%
Current Estimated Value
$1,959,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,059,032
Avg. Annual Appreciation
8.87%

Purchase Details

Closed on
Nov 11, 2008
Sold by
Bought by

Purchase Details

Closed on
May 12, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
6.39%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 2, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,000
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
8.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 1986
Bought by

Purchase Details

Closed on
Jan 1, 1984
Bought by

Purchase Details

Closed on
Mar 1, 1980
Bought by
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$900,000 Attorney
-- Attorney
$925,000 Attorney
-- --
$565,000 --
$252,000 --
$221,700 --
$33,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $25,000
Previous Owner $436,000
Previous Owner $363,000
Previous Owner $252,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/28/2017 04/28/17 Sold $900,000 -18.1% $493 / Sq Ft
04/13/2017 04/13/17 Pending -- -- --
09/22/2016 09/22/16 For Sale $1,099,000 -- $603 / Sq Ft
Source: Marathon and Lower Keys Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $15,888 $1,629,095 $1,162,500 $466,595
2024 $16,471 $1,824,829 $1,365,625 $459,204
2023 $16,471 $1,897,407 $1,453,125 $444,282
2022 $10,700 $1,348,843 $903,125 $445,718
2021 $9,651 $978,873 $575,000 $403,873
2020 $8,262 $859,387 $500,000 $359,387
2019 $8,438 $875,109 $503,125 $371,984
2018 $8,884 $857,447 $503,125 $354,322
2017 $8,644 $882,409 $0 $0
2016 $8,414 $879,663 $0 $0
2015 $7,533 $674,718 $0 $0
2014 $7,474 $664,924 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Ferringo

    Seller's Agent in 2017

    Lisa Ferringo

    Coldwell Banker Schmitt Real Estate Co

    (305) 797-1221

    583 Total Sales

    Lisa Ferringo
    Section Image

  • N

    Buyer's Agent in 2017

    Nate Meyer

    Meyer and Boumerhi Realty LLC

    (305) 587-0268

    19 Total Sales

    Nate Meyer
    Section Image
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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 572064

APN: 00166976-002500

Florida Monroe County Summerland Key 33042

225 S Point Dr, Summerland Key, FL

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