NOT LISTED FOR SALE

340 S Point Dr Summerland Key, FL 33042

Estimated Value: $2,195,000 - $2,387,000

4 Beds
4 Baths
2,935 Sq Ft
$775/Sq Ft Est. Value

Last Sold December 18, 2024

Last sale price $2,300,000 $784 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $13,186/month

214 Days on Market

Highlights

  • Ocean Front
  • Boat Lift
  • Concrete Pool
  • Dock made with concrete
  • Sandy Beach
  • 1-minute walk to Bay Point Park Playground

About This Home

As of December 2024

Price improvement on this impressive resort style home. Instant income with vacation rental bookings in place for Jan 15, 2025 to March for $25,000 gross rents. Features include contemporary interior of 2900 square feet. 1900 square feet upstairs 3 bedrooms & 3 baths. 1035 downstairs with additional bath 4th bedroom, rec room and 2nd laundry area workshop and gym area The open floor plan of the living area and kitchen has glass walls overlooking the beautiful open water vistas with glorious sunsets every day!! The kitchen is a foodie's dream. Spacious and updated kitchen includes stainless steel appliances, large Island, built in ovens , granite counter tops and cream custom cabinetry. The adjacent living is generous in size with incredible ocean views. A split floorplan with 2 bedrooms and two baths on one side and private master suite area on other side. Very spacious with private screened porch. The ensuite bath is a pleasure. Soaking tub and walk in shower a plus. Double sinks, granite counter tops and marble flooring. Custom walk in closet for all the storage you need. The lower level adjacent to pool is permitted at recreation room, additional bath and 2nd laundry area. Host an alfresco party down by the heated pool with lots of privacy with the abundance of tropical foliage. An easy spot for year round outdoor living. Concrete seawall to dock your toys and boat lift and best of all a sandy beach and basin to play in.

Last Agent to Sell the Property

Cheryl Moses

Action Keys Realty of the Lower FL Keys LLC License #648470 Listed on: 04/17/2024

Last Buyer's Agent

Jayda Roberts

Expert Realty LLC (HQ) License #SL3443172

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,831

Year Built

  • Built in 1973 | Remodeled

Lot Details

  • 0.3 Acre Lot
  • Ocean Front
  • Sandy Beach
  • Fruit Trees
  • Property is zoned IS - Improved Subivision District

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,935 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Shutters
  • Blinds
  • Sliding Doors
  • Workshop
  • Storage
  • Tile Flooring
  • Ocean Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Complete Accordion Shutters
  • Fire and Smoke Detector

Parking

  • Carport
  • Guest Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool

Outdoor Features

  • Boat Lift
  • Dock made with concrete
  • Screened Balcony
  • Deck
  • Outdoor Storage

Utilities

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

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00166976-009500

Community Details

Overview

  • No Home Owners Association
  • Sugarloaf Shores Subdivision
  • Rental Restrictions

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,831

Year Built

Built in 1973 | Remodeled

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
  • Dockage Dock: Concrete
  • Fee Includes: None
  • Handicap Access: No
  • Key Island: Sugarloaf Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 17.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Bike Paths
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 14830.70
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport, Covered Parking, Guest Parking
  • Year Built: 1973
  • Alternate Key Number: 1215295
  • Building Style Stilt Column Height: Tall - 10Ft & Over
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 13030.00
  • Pool Info: In Ground, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Deck, Screened P/B
  • License Info: Non Trans Rntl Lic
  • Shutters: Accordion, Panel
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 2935.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Built-in Cabinets, Whirlpool Bath Tub, Walk-in Closet(s), Storage, Smoke Alarms, Granite Counter Top, Split Bedroom, Cathedral Ceilings
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Specialty Rooms: Laundry Room, Workshop
  • Windows/Doors: Glass Doors, Sliding Glass Doors
  • Total Bedrooms: 4
  • Sq Ft Remarks: 1900 sf 2nd floor1035 ground floor permitted at lower level finished

Exterior Features

  • Dockage: Boat Lift, Basin
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS, Combo Construction, Frame
  • Exterior Features: Fruit Tree(s), Storage, Sandy Beach
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Cable Available, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE
  • Parcel Number: 00166976-009500
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.30

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2024
Closed on
Dec 18, 2024
Sold by
Bull Creek Minerals Ltd
Bought by
Overman James and Overman Marguerite
Seller's Agent
Cheryl Moses
Action Keys Realty of the Lower FL Keys LLC
Buyer's Agent
Jayda Roberts
Expert Realty LLC (HQ)
List Price
$2,750,000
Sold Price
$2,300,000
Premium/Discount to List
-$450,000
-16.36%
Views
59
Current Estimated Value
$2,273,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,482
Avg. Annual Appreciation
-1.09%
Original Mortgage
$1,840,000
Outstanding Balance
$1,822,212
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$451,306

Purchase Details

Listed on
Aug 24, 2019
Closed on
Feb 14, 2020
Sold by
Pameijer Cornelis H and Pameijer Huguet P
Bought by
Bull Creek Minerals Ltd
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Cheryl Moses
Action Keys Realty of the Lower FL Keys LLC
List Price
$1,599,000
Sold Price
$1,425,000
Premium/Discount to List
-$174,000
-10.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.37%

Purchase Details

Closed on
Dec 8, 2010
Sold by
D & G Properties Inc
Bought by
Pameijer Cornelis H and Pameijer Huguet P

Purchase Details

Closed on
Mar 12, 2007
Sold by
Falkenstein Gary L and Falkenstein Connie R
Bought by
D & G Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
6.3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 17, 1998
Sold by
Dugan Dorothy V
Bought by
Falkenstein Gary L and Falkenstein Connie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 1987
Bought by
Pameijer Cornelis H and Pameijer Huguet P

Purchase Details

Closed on
Feb 1, 1969
Bought by
Pameijer Cornelis H and Pameijer Huguet P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Overman James $2,300,000 None Listed On Document
Bull Creek Minerals Ltd $1,425,000 True Title Agency
Pameijer Cornelis H $840,000 True Title Agency Inc
D & G Properties Inc $1,275,000 True Title Agency Inc
Falkenstein Gary L $400,000 --
Pameijer Cornelis H $215,000 --
Pameijer Cornelis H $6,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Overman James $1,840,000
Previous Owner D & G Properties Inc $960,000
Previous Owner Falkenstein Gary L $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/18/2024 12/18/24 Sold $2,300,000 -11.5% $784 / Sq Ft
10/16/2024 10/16/24 Price Changed $2,599,000 -5.5% $886 / Sq Ft
04/17/2024 04/17/24 For Sale $2,750,000 +93.0% $937 / Sq Ft
02/11/2020 02/11/20 Sold $1,425,000 -10.9% $486 / Sq Ft View Prior Sale
01/12/2020 01/12/20 Pending -- -- --
08/24/2019 08/24/19 For Sale $1,599,000 -- $545 / Sq Ft
Source: Marathon and Lower Keys 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
2025 $15,702 $1,912,663 $1,449,389 $463,274
2024 $14,831 $2,094,734 $1,616,225 $478,509
2023 $14,831 $2,088,725 $1,647,507 $441,218
2022 $12,447 $1,515,478 $1,063,580 $451,898
2021 $11,688 $1,236,246 $820,278 $415,968
2020 $10,297 $1,072,890 $611,732 $461,158
2019 $8,515 $916,995 $508,724 $408,271
2018 $8,806 $922,993 $519,213 $403,780
2017 $9,739 $1,029,480 $0 $0
2016 $8,761 $1,004,850 $0 $0
2015 $7,547 $706,798 $0 $0
2014 $7,680 $714,122 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    Cheryl Moses

    Action Keys Realty of the Lower FL Keys LLC

    (305) 304-7680

    23 Total Sales

    Cheryl Moses
    Section Image

  • J

    Buyer's Agent in 2024

    Jayda Roberts

    Expert Realty LLC (HQ)

    (305) 988-1886

    2 Total Sales

    Jayda Roberts
    Section Image

  • L

    Seller's Agent in 2020

    Lisa Ferringo

    Coldwell Banker Schmitt RE Co.

See All Agents

Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 609703

APN: 00166976-009500

Florida Monroe County Summerland Key 33042

340 S Point Dr, Summerland Key, FL

Not Listed for Sale

Detached

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