NOT LISTED FOR SALE

345 S Point Dr Summerland Key, FL 33042

Estimated Value: $1,862,787 - $2,208,000

3 Beds
3 Baths
2,118 Sq Ft
$972/Sq Ft Est. Value

Last Sold April 17, 2024

Last sale price $1,900,000 $897 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $12,101/month

52 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Gulf View
  • Fruit Trees
  • RV or Boat Parking
  • RV Parking in Community
  • 1-minute walk to Bay Point Park Playground

About This Home

As of April 2024

Welcome to ''The Key Lime House''.... Your waterfront Paradise in Lower Sugarloaf Key, nestled along the tranquil shores of Sugarloaf Sound. This 3 bedroom 3 bath home offers incredible morning views of sunrise, reflections of evening sunsets from across the bay & sparkling clear waters showing off the warm colors of the sky. As you step onto the property, you're greeted by a lush tropical oasis, complete with banana trees, mango trees, star fruit, Hawaiian pineapples, native and exotic dragon fruit, cherry trees, and sugar apple trees, providing a bounty of fresh fruits right in your own backyard. The home itself features an open floor plan with 2 bedrooms & 2 baths up PLUS a large Master Suite on the first level. Tile & wood flooring throughout, ample storage, large walk-in closet, standing seam metal roof, a full house generator, great outdoor area, cistern capable of holding up to 800 gallons for plant irrigation, paver driveway & paths and lots of parking space for all your toys...plus climate-controlled garage & storage and room for a pool too...Step onto the back porch and marvel at its unique design, inspired by the bow of a boat, offering the perfect spot to take in the breathtaking sunrise views. An outdoor shower in the yard provides a refreshing escape after a day spent enjoying the water. Enjoy evenings on the spacious front porch facing the sunsets or relax on the back porch with its stunning sunrise views. The property features a full seawall with concrete steps leading into the water, as well as a floating swimming platform and dock complete with boat davits. Two storage sheds, two kayaks with a storage stand, and lush mature landscaping. Home & location offers everything you need for waterfront living at its finest in one of the best neighborhoods. Just about 15 minutes from Key West, this is truly a once-in-a-lifetime opportunity to own your slice of paradise in the Florida Keys.

Last Agent to Sell the Property

Beata Sharpe

Coldwell Banker Vanguard Realty License #550770 Listed on: 02/23/2024

Coldwell Banker Vanguard Realty

Co-Listed By

Karen Haack

Coldwell Banker Schmitt RE Co. License #338219

Last Buyer's Agent

Terry Canto,Top Producer

American Caribbean Real Estate, Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,054

Year Built

  • Built in 1973

Lot Details

  • 0.29 Acre Lot
  • Property Fronts a Bay or Harbor
  • Home fronts a canal
  • Fenced
  • Fruit Trees
  • Property is zoned IS - Improved Subivision District

Property Views

  • Gulf
  • Canal

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,118 Sq Ft Home
  • Ceiling Fan
  • Entrance Foyer
  • Storage
  • Utility Room
  • Impact Glass

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Guest Parking
  • Open Parking
  • Off-Street Parking
  • RV or Boat Parking

Outdoor Features

  • Outdoor Shower
  • Davits
  • Screened Balcony
  • Deck
  • Shed

Utilities

  • Central Heating and Cooling System
  • Whole House Permanent Generator
  • Cistern
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Sugarloaf Shores Subdivision
  • Rental Restrictions
  • RV Parking in Community

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00166976-003100

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,054

Year Built

Built in 1973

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
  • Fee Includes: None
  • 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: Fire Hydrant
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 4054.44
  • Title: Negotiable
  • Vehicle Storage: Garage, Trailer Storage, RV Parking Open, Off Street Parking, Guest Parking, Open Parking, Carport
  • Year Built: 1973
  • Alternate Key Number: 1214655
  • Building Style Stilt Column Height: Tall - 10Ft & Over
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 12500.00
  • Porch Balcony: Open Porch/Balcony, Deck, Screened P/B
  • Shutters: Other
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 2118.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Split Bedroom, Storage, Walk-in Closet(s), Entrance Foyer
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Wood
  • Specialty Rooms: Laundry Room, Utility Room
  • Windows/Doors: Other Windows/Doors, Impact Rstnce Window
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Davits, Davit Pads
  • Waterfront: Bay Front, Open Water, Canal Front
  • Waterfront: Yes
  • Construction: CBS, Frame
  • Exterior Features: Fencing, Storage, Shed, Outdoor Shower, Fruit Tree(s)
  • Roof: Metal Roof
  • Waterview: Bay/Gulf View, Open Water View, Canal View
  • Pool: No

Utilities

  • Utilities: FKAA, Whole House Generatr, Buyer to Verify, Municipal Sewer, Cistern
  • Heating: Central

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00166976-003100
  • Lot Size: 100x125
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.29

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2024
Closed on
Apr 16, 2024
Sold by
Sharp Karen M
Bought by
Buhl Michael
Seller's Agent
Beata Sharpe
Coldwell Banker Vanguard Realty
Buyer's Agent
Terry Canto,Top Producer
American Caribbean Real Estate, Christie's International Real Estate
List Price
$1,920,000
Sold Price
$1,900,000
Premium/Discount to List
-$20,000
-1.04%
Views
26
Current Estimated Value
$2,057,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,697
Avg. Annual Appreciation
4.74%
Original Mortgage
$1,330,000
Outstanding Balance
$1,309,690
Interest Rate
7.38%
Mortgage Type
New Conventional
Estimated Equity
$748,007

Purchase Details

Closed on
Sep 26, 2012
Sold by
Marston John
Bought by
Sharp Karen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$529,000
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 1, 1996
Bought by
Sharp Karen M

Purchase Details

Closed on
Jan 1, 1978
Bought by
Sharp Karen M
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Buhl Michael $1,900,000 None Listed On Document
Sharp Karen M $825,000 Attorney
Sharp Karen M $240,000 --
Sharp Karen M $67,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buhl Michael $1,330,000
Previous Owner Sharp Karen M $529,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2024 04/17/24 Sold $1,900,000 -1.0% $897 / Sq Ft
04/15/2024 04/15/24 Pending -- -- --
02/23/2024 02/23/24 For Sale $1,920,000 -- $907 / 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 $16,094 $1,604,767 $1,162,500 $442,267
2024 $4,054 $1,807,851 $1,365,625 $442,226
2023 $4,054 $429,925 $0 $0
2022 $3,948 $417,403 $0 $0
2021 $4,045 $405,246 $0 $0
2020 $4,024 $399,651 $0 $0
2019 $3,951 $390,666 $0 $0
2018 $3,969 $383,382 $0 $0
2017 $3,861 $375,497 $0 $0
2016 $3,883 $367,774 $0 $0
2015 $3,988 $365,217 $0 $0
2014 $4,105 $362,318 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 608877

APN: 00166976-003100