NOT LISTED FOR SALE

28537 John Silver Rd Summerland Key, FL 33042

Estimated Value: $1,391,000 - $1,592,000

3 Beds
3 Baths
1,552 Sq Ft
$957/Sq Ft Est. Value

Last Sold December 28, 2023

Last sale price $1,500,000 $966 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $8,836/month

109 Days on Market

About This Home

As of December 2023

Ultimate Boater's Dream Home on a Large Corner Canal Lot With Sunset Views! This fabulous 3-bedroom, 2 1/2 bath stilted residence offers 213ft of expansive waterfront along a 50ft Wide Deep Canal on Little Torch Key. With its coastal relaxed charm, the home rests on a generous 9,895 square foot lot bordered by canal frontage. The first floor introduces a spacious living room that seamlessly flows onto an expansive deck, perfect for the ultimate Keys entertainment experience. An independent chef's kitchen, complete with a dining area, connects effortlessly to the deck through impact glass sliding doors, providing convenient access to the outdoor grill. Adjacent to the kitchen is a separate laundry area with its own entrance, simplifying the task of unloading groceries; or towels after an exhilarating day on the boat. The Primary Suite is situated on the main living level, featuring an ensuite bathroom and a private deck. A separate Powder room is also located on the first floor. Upstairs, two beautiful guest bedrooms share a bathroom, both adorned with soaring cathedral ceilings and individual mini split AC units. The larger bedroom has its own private access from the deck below. Throughout the home, cathedral ceilings add to the sense of space. The home has a metal roof, impact windows and doors; and Hardie-board siding. Enjoy stunning sunset views along with tantalizing peek-a-boo open water views from throughout the home. There is an outdoor shower and separate storage. A composite dock extends the full length of the canal property, accommodating multiple boats. Deep-water access is perfect for larger boats! Just minutes by boat to nearby attractions like Picnic Island, the renowned Little Palm Island, Looe Key, American Shoals, as well as exceptional opportunities for world-class fishing and diving. There is plenty of room to build your dream pool and spa. Successful monthly vacation rental. Experience the epitome of boating and island living! Easy to show!

Last Agent to Sell the Property

Lisa Swanson

The Agency Florida LLC License #BK3226537 Listed on: 08/24/2023

Last Buyer's Agent

Lisa Swanson

Coldwell Banker Schmitt Real Estate Co.

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,522

Year Built

1985

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Dock: Composite
  • Fee Includes: None
  • Key Island: Little Torch Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 28.50
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 7320.44
  • Title: Negotiable
  • Vehicle Storage: Carport, RV Parking Open, Trailer Storage, Open Parking
  • Year Built: 1985
  • Alternate Key Number: 1283568
  • Cooling Heating: Central Air, Ductless, Ceiling Fans(s)
  • Lot Sq Ft: 9895.00
  • Porch Balcony: Open Porch/Balcony, Deck
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1552.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Cathedral Ceilings, Granite Counter Top, Storage, Smoke Alarms, Entrance Foyer
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Appliances: Washer, Freezer, Microwave, Range, Dishwasher, Dryer
  • Floor: Tile, Wood
  • Half Bathrooms: 1
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 3

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Frame, Hardi Board Siding
  • Exterior Features: Outdoor Shower, Storage
  • Roof: Metal Roof
  • Waterview: Ocean View, Canal View
  • Pool: No

Utilities

  • Utilities: FKAA, Elect Separate Meter, Municipal Sewer
  • Heating: Central

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00216320-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.23

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2023
Closed on
Dec 28, 2023
Sold by
Lereh Llc
Bought by
Jones Mark E and Jones Amber M
Seller's Agent
Lisa Swanson
The Agency Florida LLC
Buyer's Agent
Lisa Swanson
Coldwell Banker Schmitt Real Estate Co.
List Price
$1,649,500
Sold Price
$1,500,000
Premium/Discount to List
-$149,500
-9.06%
Views
75
Current Estimated Value
$1,485,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,544
Avg. Annual Appreciation
-0.55%
Original Mortgage
$500,000
Interest Rate
7.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2011
Sold by
The Gisselbeck Family Limited Partnershi
Bought by
Regions Bank

Purchase Details

Closed on
May 27, 2011
Sold by
Regions Bank
Bought by
Lereh Llc

Purchase Details

Closed on
May 9, 2011
Bought by
Lereh Llc

Purchase Details

Closed on
Jan 24, 2011
Sold by
Miller John C
Bought by
Regions Bank

Purchase Details

Closed on
Jan 12, 2011
Sold by
Miller John C
Bought by
Regions Bank

Purchase Details

Closed on
Jul 25, 2005
Sold by
Cain Mary T
Bought by
Miller John C and Miller Melody C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$572,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 1986
Bought by
Lereh Llc

Purchase Details

Closed on
Jun 1, 1984
Bought by
Lereh Llc

Purchase Details

Closed on
Dec 1, 1977
Bought by
Lereh Llc
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
Jones Mark E $1,500,000 None Listed On Document
Regions Bank -- Attorney
Lereh Llc $415,000 Rock Title Incorporated
Lereh Llc $100 --
Regions Bank -- None Available
Regions Bank -- None Available
Miller John C $880,000 True Title Agency
Lereh Llc $165,000 --
Lereh Llc $38,000 --
Lereh Llc $8,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Jones Mark E $500,000
Closed Jones Mark E $700,000
Previous Owner Miller John C $572,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2023 12/28/23 Sold $1,500,000 -9.1% $966 / Sq Ft
12/11/2023 12/11/23 Pending -- -- --
08/24/2023 08/24/23 For Sale $1,649,500 -- $1,063 / 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 $11,522 $1,265,299 $907,248 $358,051
2023 $8,473 $1,084,214 $732,848 $351,366
2022 $7,320 $825,033 $463,828 $361,205
2021 $6,964 $684,264 $341,378 $342,886
2020 $6,935 $674,548 $322,824 $351,724
2019 $6,942 $672,684 $315,403 $357,281
2018 $6,919 $678,343 $324,680 $353,663
2017 $6,526 $683,513 $0 $0
2016 $5,829 $526,291 $0 $0
2015 $5,838 $514,590 $0 $0
2014 $5,545 $457,188 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Key West Association of REALTORS®

MLS Number: 606418

Key West Association of REALTORS®

APN: 00216320-000000