$1,100,000
$195K PRICE DROP

24931 Overseas Hwy Summerland Key, FL 33042

Estimated payment $6,426/month

Total Views 6,911
1 Bed
4 Baths
1,965 Sq Ft
$560 Price per Sq Ft

About This Home

Seize this rare opportunity to own a prime working waterfront property with exceptional Highway visibility. This unique offering includes two waterfront buildings located at 24931 & 24933 Overseas Highway in Summerland Key, each with separate water, electric, and sewer connections for added flexibility. Situated on a 10,673 SF lot, the property features a 813 SF building, a 1,152 SF building, and a 192 SF utility/storage building for additional space. Additionally, the property includes a private boat ramp, providing convenient water access. Whether you're looking to expand or open a business or invest in a high-exposure location located on the water, this property offers incredible potential. Buyer to verify property rights.

Listing Agent

Claude Gardner

Berkshire Hathaway HomeServices Knight & Gardner Realty License #BK612006 Listed on: 03/31/2025

Berkshire Hathaway HomeServices Knight & Gardner Realty

Map

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,187

Year Built

1975

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: Other
  • Fee Includes: None
  • Key Island: Summerland Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 25.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 5401.11
  • Year Built: 1975
  • Alternate Key Number: 1256528
  • Lot Sq Ft: 10673.00
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1965.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: No Appliances
  • Total Bedrooms: 1

Exterior Features

  • Dockage: Boat Ramp
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Concrete, Frame
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: FKAA, Elect Separate Meter, Water Separate Meter, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00194720-000000
  • Lot Size: 87.5 x 115
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.25

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2024

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $5,187 $533,482 $432,857 $100,625
2023 $5,187 $537,121 $432,857 $104,264
2022 $4,986 $537,121 $432,857 $104,264
2021 $4,490 $359,650 $255,386 $104,264
2020 $4,553 $364,845 $255,386 $109,459
2019 $4,781 $486,523 $371,020 $115,503
2018 $4,143 $323,710 $217,729 $105,981
2017 $3,779 $271,451 $0 $0
2016 $3,843 $269,933 $0 $0
2015 $3,995 $275,538 $0 $0
2014 $3,860 $250,750 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 Price Changed $1,100,000 -15.1% $560 / Sq Ft
03/31/2025 03/31/25 For Sale $1,295,000 -- $659 / Sq Ft
Source: Key West Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $440,000 Attorney
Deed $20,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $125,000 Balloon
Closed $175,000 Unknown
Closed $230,000 Commercial
Closed $100,000 Commercial
Open $380,000 Commercial
Closed $365,000 Seller Take Back
Source: Public Records

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Source: Key West Association of REALTORS®

MLS Number: 614400

Key West Association of REALTORS®

APN: 00194720-000000