NOT LISTED FOR SALE

23801 Overseas Hwy Summerland Key, FL 33042

Estimated Value: $846,000 - $1,867,458

9 Acres
$149,584 Price per Acre
395,089 Sq Ft Lot

Last Sold January 31, 2017

Last sale price $983,000 $0 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $7,399/month

51 Days on Market

About This Lot

As of January 2017

Great opportunity to develop this mostly cleared 9 acre open water property. Property has over 900 feet of US 1 frontage. Property is zoned Vacant Industrial which according to the Monroe County Land Development Code allows for Restaurants;Apartments;Offices;Residential,Fishing;Storage and more. This may be one of the last large open water properties left in the Lower Keys.

Last Agent to Sell the Property

Maclaren Maclaren

Lower Keys Realty, Co. Listed on: 03/17/2016

Last Buyer's Agent

Claude Gardner

Berkshire Hathaway HomeServices Knight & Gardner Realty License #612006

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $19,519

Lot Details

  • 9.07 Acre Lot
  • Ocean Front
  • Property fronts a highway
  • Fenced
  • Cleared Lot
  • Property is zoned OTH - Other Zoning

Additional Features

  • Ocean Views
  • Electricity To Lot Line

Community Details

  • Misc Summerland Key Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00114840-000000

Property Details

Property Type

Land

Est. Annual Taxes

$19,519

Lot Details

0

Listing Details

  • Property Type: Lots and Land
  • As Is Right To Inspect: Yes
  • Control Depth: 3
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Summerland Key
  • Limited Representation: No
  • Mile Marker: 25.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Other Area Features
  • Off Shore Island: No
  • Property Group I D: 19990816212131825981000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 19518.60
  • Title: Negotiable
  • Alternate Key Number: 1145572
  • Lot Sq Ft: 395089.00
  • Mandatory HOA: No
  • Existing Utilities: Electric on Site, Water Line
  • Location Site: Highway Frontage, Cleared Site, Fenced, Water Frontage
  • Miscellaneous Info Mobile Home Lot: No
  • Tax Exemptions: None
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Dockage: Other Dockage
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Waterview: Open Water View, Ocean View

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE,VE,VE,AE,AE
  • Parcel Number: 00114840-000000
  • Land Size: 5 Less Than 10 Acres
  • Building Permit: No Permit

Tax Info

  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2016
Closed on
Jan 18, 2017
Sold by
Summerland Key Property Corp
Bought by
Shrimp Farm Housing Llc
Seller's Agent
Maclaren Maclaren
Lower Keys Realty, Co.
Buyer's Agent
Claude Gardner
Berkshire Hathaway HomeServices Knight & Gardner Realty
List Price
$1,495,000
Sold Price
$983,000
Premium/Discount to List
-$512,000
-34.25%
Total Days on Market
51
Current Estimated Value
$1,356,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$373,729
Avg. Annual Appreciation
3.91%
Original Mortgage
$120,000
Outstanding Balance
$100,856
Interest Rate
4.32%
Mortgage Type
Commercial
Estimated Equity
$1,255,873

Purchase Details

Closed on
May 17, 2012
Sold by
Sea Farms International Inc
Bought by
Summerland Key Property Corp

Purchase Details

Closed on
May 31, 2011
Sold by
Sea Farms International Inc
Bought by
Sea Farms International Inc

Purchase Details

Closed on
Jan 19, 2001
Bought by
Summerland Key Property Corp

Purchase Details

Closed on
Feb 1, 1970
Bought by
Summerland Key Property Corp
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
Shrimp Farm Housing Llc $983,000 None Available
Summerland Key Property Corp $1,060,000 Attorney
Sea Farms International Inc -- Attorney
Summerland Key Property Corp $471,800 --
Summerland Key Property Corp $8,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shrimp Farm Housing Llc $120,000
Previous Owner Shrimp Culture Ii Inc $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2017 01/31/17 Sold $983,000 -34.2% $0 / Sq Ft
05/07/2016 05/07/16 Pending -- -- --
03/17/2016 03/17/16 For Sale $1,495,000 -- $0 / 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 $2,391 $814,749 $809,632 $5,117
2023 $2,391 $814,749 $809,632 $5,117
2022 $84 $9,921 $0 $0
2021 $7,431 $814,749 $809,632 $5,117
2020 $7,511 $814,749 $809,632 $5,117
2019 $8,982 $1,105,216 $1,100,099 $5,117
2018 $28 $2,903 $474 $2,429
2017 $8,060 $851,671 $0 $0
2016 $19,825 $2,832,128 $0 $0
2015 $19,519 $2,831,811 $0 $0
2014 $13,871 $1,312,664 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Maclaren Maclaren

    Lower Keys Realty, Co.

  • C

    Buyer's Agent in 2017

    Claude Gardner

    Berkshire Hathaway HomeServices Knight & Gardner Realty

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 570361

Florida Keys Board of REALTORS®

APN: 00114840-000000

Florida Monroe County Summerland Key 33042

23801 Overseas Hwy, Summerland Key, FL

This home is located at 23801 Overseas Hwy, Summerland Key, FL 33042 since 17 March 2016 and is currently estimated at $1,356,729, approximately $0 per square foot. 23801 Overseas Hwy 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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