NOT LISTED FOR SALE

25381 1st St Summerland Key, FL 33042

Estimated Value: $2,837,000 - $3,370,000

4 Beds
4.5 Baths
3,234 Sq Ft
$940/Sq Ft Est. Value

Last Sold April 02, 2021

Last sale price $2,100,000 $649 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $17,483/month

89 Days on Market

Highlights

  • Airstrip
  • Dock made with concrete
  • Boat Lift
  • Ocean Front
  • Steam Room
  • In Ground Pool

About This Home

As of April 2021

Summerland Beach is an upscale waterfront community in the Lower Keys! This magnificent custom built coastal home encompasses 3,234 SF and is designed for entertaining inside & out. Spacious 4 bedrooms and 4.5 bathrooms with tall ceilings, impact glass windows over looking the Ocean & Niles Channel. Kitchen has an open concept with granite counter tops, stainless appliances and walk-in pantry. Covered porches on both levels offers outdoor living with gorgeous views of the turquoise ocean, stunning sunrises & serene evening sunsets.

Last Agent to Sell the Property

Stacy Shahan

Prestige Realty BPK Listed on: 11/14/2020

Co-Listed By

John Takovich

Coldwell Banker Schmitt R.E.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,809

Year Built

  • Built in 2003

Lot Details

  • 0.26 Acre Lot
  • Ocean Front
  • Fenced
  • Property is zoned IS - Improved Subivision District

Home Design

  • Frame Construction
  • Metal Roof
  • HardiePlank Siding

Interior Spaces

  • 3,234 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Entrance Foyer
  • Storage
  • Steam Room
  • Tile Flooring
  • Ocean Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Complete Accordion Shutters
  • Impact Glass
  • Fire and Smoke Detector

Parking

  • 3 Car Garage
  • Automatic Garage Door Opener
  • Open Parking

Pool

  • In Ground Pool
  • Pool Deck
  • Outdoor Shower
  • Fiberglass Pool

Outdoor Features

  • Airstrip
  • Davits
  • Boat Lift
  • Dock made with concrete
  • Balcony
  • Screened Patio

Utilities

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

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00198480-000000

Community Details

Overview

  • No Home Owners Association
  • Summerland Beach Subdivision
  • Rental Restrictions

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,809

Year Built

Built in 2003

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: 6
  • Dockage Dock: Concrete
  • Dockage Dock Length: 122
  • Document Count: 4
  • 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
  • Neighborhood Feature: Airstrip, Bike Paths
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 15809.00
  • Title: Negotiable
  • Vehicle Storage: Auto Door Opener, Open Parking, Garage
  • Vehicle Storage Cars: 3
  • Year Built: 2003
  • Alternate Key Number: 1260088
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 11248.00
  • Pool Info: Decked, In Ground, Fiberglass
  • Porch Balcony: Open Porch/Balcony, Screened Patio
  • Shutters: Accordion
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 3234.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Pantry, Whirlpool Bath Tub, Walk-in Closet(s), Storage, Split Bedroom, Smoke Alarms, Granite Counter Top, Entrance Foyer
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Appliances: Dishwasher, Oven, Wine Cooler, Washer, Refrigerator, Range, Microwave, Dryer
  • Floor: Tile
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room, Sauna/Steam Room
  • Windows/Doors: Impact Rstnce Doors, Impact Rstnce Window
  • Total Bedrooms: 4

Exterior Features

  • Dockage: Basin, Davits, Boat Lift
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS, Hardi Board Siding, Frame
  • Exterior Features: Fencing, Outdoor Shower
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

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

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,VE
  • Parcel Number: 00198480-000000
  • Land Size: 1/4 - 1/2 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2020
Closed on
May 20, 2021
Sold by
Ronnlof Joseph John
Bought by
Ronnlof Joseph J and Ronniof Investments Llc
Seller's Agent
Stacy Shahan
Prestige Realty BPK
Buyer's Agent
Creative Technology
List Price
$2,450,000
Sold Price
$2,100,000
Premium/Discount to List
-$350,000
-14.29%
Current Estimated Value
$3,039,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$939,984
Avg. Annual Appreciation
8.43%
Original Mortgage
$1,680,000
Outstanding Balance
$1,511,916
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,528,068

Purchase Details

Listed on
Nov 14, 2020
Closed on
Mar 31, 2021
Sold by
Scheiter Janice M and Janice M Scheiter Revocable Li
Bought by
Ronniof Joseph John
Seller's Agent
Stacy Shahan
Prestige Realty BPK
Buyer's Agent
Creative Technology
List Price
$2,450,000
Sold Price
$2,100,000
Premium/Discount to List
-$350,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,680,000
Outstanding Balance
$1,511,916
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,528,068

Purchase Details

Closed on
Apr 23, 2020
Sold by
Scheiter Janice M
Bought by
Scheiter Janice M and Janice M Scheiter Revocable Li

Purchase Details

Closed on
Dec 10, 2018
Sold by
Lifetim Scheiter Janice M
Bought by
Scheiter Janice M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,925,000
Interest Rate
4.9%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 31, 2000
Sold by
Silvershores Estates Inc
Bought by
Scheiter Lawrence F

Purchase Details

Closed on
Mar 9, 1999
Sold by
Reiter Werner
Bought by
Silvershores Estates Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.79%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 1, 1995
Bought by
Scheiter Lawrence F Jr Lifetime Trust 12/7/19

Purchase Details

Closed on
Dec 1, 1993
Bought by
Scheiter Lawrence F Jr Lifetime Trust 12/7/19
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
Ronnlof Joseph J -- Accommodation
Ronniof Joseph John $2,100,000 True Title Florida Keys Inc
Scheiter Janice M -- Attorney
Scheiter Janice M $1,925,000 Attorney
Scheiter Lawrence F $325,000 --
Silvershores Estates Inc $402,500 --
Scheiter Lawrence F Jr Lifetime Trust 12/7/19 $310,000 --
Scheiter Lawrence F Jr Lifetime Trust 12/7/19 -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ronniof Joseph John $1,680,000
Previous Owner Scheiter Janice M $1,925,000
Previous Owner Silvershores Estates Inc $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2021 04/02/21 Sold $2,100,000 -14.3% $649 / Sq Ft
02/11/2021 02/11/21 Pending -- -- --
11/14/2020 11/14/20 For Sale $2,450,000 -- $758 / 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 $18,856 $2,321,513 $1,202,250 $1,119,263
2023 $18,856 $2,219,777 $1,134,000 $1,085,777
2022 $17,039 $1,955,366 $840,000 $1,115,366
2021 $16,145 $1,724,883 $598,500 $1,126,383
2020 $15,810 $1,638,113 $585,375 $1,052,738
2019 $15,731 $1,622,466 $556,500 $1,065,966
2018 $12,295 $1,215,820 $468,198 $747,622
2017 $12,796 $1,279,365 $0 $0
2016 $13,353 $1,298,496 $0 $0
2015 $15,248 $1,549,767 $0 $0
2014 $13,953 $1,253,649 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 593344

Florida Keys Board of REALTORS®

APN: 00198480-000000