NOT LISTED FOR SALE

414 Caribbean Dr E Summerland Key, FL 33042

Estimated Value: $2,206,000 - $3,429,000

4 Beds
4 Baths
2,766 Sq Ft
$1,061/Sq Ft Est. Value

Last Sold April 12, 2022

Last sale price $3,350,000 $1,211 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $17,115/month

42 Days on Market

About This Home

As of April 2022

Prime Oceanfront Tropical Gem & The Ultimate in Luxury Waterfront Living! Florida Keys luxury deep water oceanfront pool home in prestigious Summerland Cove on Summerland Key, only 30 minutes to Key West. This Spacious 2766 SF concrete construction 4BR/3.5BA was taken down to the foundation and completely rebuilt in 2006. Magnificent open water views will captivate you throughout this 2-story elevated residence. The open entertainment & living area boasts soaring ceilings with endless direct Atlantic Ocean views. The gorgeous pool and spa overlook the turquoise open water, there is a concrete dock with a cut in boat slip which is rare and highly sought after in the Keys. Direct Ocean access where world-class fishing & diving are just minutes away. Experience Florida Keys outdoor living at its finest with a poolside summer kitchen and many decks for entertaining your family & friends. The spacious 2nd floor Primary Suite has stunning views of the open ocean & a private balcony. Impact windows and doors, metal roof, granite chef's kitchen with stainless steel appliances.Luxury Coastal Lifestyle Beckons!

Last Agent to Sell the Property

Lisa Swanson

The Agency Florida LLC License #BK3226537 Listed on: 02/15/2022

The Agency Florida LLC

Last Buyer's Agent

Roger Emmons

Truman & Co. (KW) License #608452

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,978

Year Built

2006

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Seawall: Concrete
  • 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
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 14092.80
  • Title: Negotiable
  • Vehicle Storage: Carport
  • Vehicle Storage Cars: 2
  • Year Built: 2006
  • Alternate Key Number: 1254801
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Central Air, Heat, Ceiling Fans(s)
  • Lot Sq Ft: 6000.00
  • Pool Info: In Ground, Concrete
  • Porch Balcony: Open Porch/Balcony, Patio
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2766.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Whirlpool Bath Tub, Walk-in Closet(s), Storage, Granite Counter Top, Entrance Foyer, Cathedral Ceilings
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Carpet, Marble
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room, Media Room
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 4

Exterior Features

  • Dockage: Boat Slip, Basin
  • Waterfront: Oceanfront
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Built-in Grill, Storage, Outdoor Kitchen, Lanai, Hot Tub
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Flood Zone: VE,AE,AE
  • Parcel Number: 00192910-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 2023
Sold by
Sparks Carl and Sparks Sherri
Bought by
414 Caribbean Dr Llc
Current Estimated Value
$2,935,898

Purchase Details

Listed on
Feb 15, 2022
Closed on
May 9, 2022
Sold by
Kw America Partners Llc
Bought by
Sparks Carl and Sparks Sherri
Seller's Agent
Lisa Swanson
The Agency Florida LLC
Buyer's Agent
Roger Emmons
Truman & Co. (KW)
List Price
$3,795,000
Sold Price
$3,350,000
Premium/Discount to List
-$445,000
-11.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.65%

Purchase Details

Listed on
Feb 15, 2022
Closed on
Apr 12, 2022
Sold by
Kw America Partners Llc
Bought by
Sparks Carl and Sparks Sherri
Seller's Agent
Lisa Swanson
The Agency Florida LLC
Buyer's Agent
Roger Emmons
Truman & Co. (KW)
List Price
$3,795,000
Sold Price
$3,350,000
Premium/Discount to List
-$445,000
-11.73%

Purchase Details

Listed on
Mar 14, 2014
Closed on
Feb 24, 2015
Sold by
East Caribbean Llc
Bought by
Kw America Partners Llc
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Patti Nickless and Associates
Coldwell Banker Schmitt RE Co.
List Price
$1,699,000
Sold Price
$1,670,000
Premium/Discount to List
-$29,000
-1.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.26%

Purchase Details

Closed on
Feb 7, 2006
Sold by
Hazelbaker Jon N
Bought by
East Caribbean Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,924,000
Interest Rate
6.08%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 9, 2004
Sold by
Reh Fred R and Reh Dorothy E
Bought by
Hazelbaker Jon N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2004
Sold by
Reh Fred R and Reh Dorothy E
Bought by
Hazelbaker Jon N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2003
Sold by
Hubbard Robert and Hubbard Barbara
Bought by
Hubbard Robert and Hubbard Barbara

Purchase Details

Closed on
Dec 31, 1996
Sold by
Linebarge Philip V and Linebarge Bernadette
Bought by
Reh Fred R and Reh Dorothy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,750
Interest Rate
7.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 1989
Bought by
Kw America Partners Llc

Purchase Details

Closed on
Jun 1, 1981
Bought by
Kw America Partners Llc

Purchase Details

Closed on
Feb 1, 1975
Bought by
Kw America Partners Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
414 Caribbean Dr Llc -- --
Sparks Carl -- Smith Hawks Pl
Sparks Carl $3,350,000 Smith Hawks Pl
Kw America Partners Llc -- None Available
Kw America Partners Llc $1,670,000 None Available
East Caribbean Llc $950,000 Attorney
Hazelbaker Jon N $950,000 True Title Agency Inc
Hazelbaker Jon N -- True Title Agency Inc
Hubbard Robert -- --
Reh Fred R $100 --
Reh Fred R $270,000 --
Kw America Partners Llc $249,000 --
Kw America Partners Llc -- --
Kw America Partners Llc $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner East Caribbean Llc $1,924,000
Previous Owner Hazelbaker Jon N $712,500
Previous Owner Reh Fred R $201,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/12/2022 04/12/22 Sold $3,350,000 -4.1% $1,211 / Sq Ft
03/29/2022 03/29/22 Pending -- -- --
03/22/2022 03/22/22 Price Changed $3,495,000 -7.9% $1,264 / Sq Ft
02/15/2022 02/15/22 For Sale $3,795,000 +127.2% $1,372 / Sq Ft
02/24/2015 02/24/15 Sold $1,670,000 -1.7% $604 / Sq Ft View Prior Sale
01/10/2015 01/10/15 Pending -- -- --
03/14/2014 03/14/14 For Sale $1,699,000 -- $614 / 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 $20,978 $2,349,585 $1,271,820 $1,077,765
2023 $20,978 $2,389,599 $1,347,819 $1,041,780
2022 $14,844 $1,749,872 $725,868 $1,024,004
2021 $14,093 $1,466,709 $555,258 $911,451
2020 $13,659 $1,404,805 $523,500 $881,305
2019 $14,578 $1,498,014 $649,500 $848,514
2018 $15,266 $1,536,584 $684,000 $852,584
2017 $13,783 $1,383,716 $0 $0
2016 $14,222 $1,387,552 $0 $0
2015 $10,730 $991,847 $0 $0
2014 $13,267 $1,188,642 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Swanson

    Seller's Agent in 2022

    Lisa Swanson

    The Agency Florida LLC

    (305) 924-3777

    128 Total Sales

    Lisa Swanson
    Section Image
  • Roger Emmons

    Buyer's Agent in 2022

    Roger Emmons

    Truman & Co. (KW)

    (305) 304-7446

    80 Total Sales

    Roger Emmons
    Section Image

  • L

    Buyer Co-Listing Agent in 2022

    Loren Rea

    Truman & Co. (KW)

    (305) 360-6969

    22 Total Sales

    Loren Rea
    Section Image

  • L

    Seller's Agent in 2015

    Lisa Ferringo

    Coldwell Banker Schmitt RE Co.

  • P

    Buyer's Agent in 2015

    Patti Nickless and Associates

    Coldwell Banker Schmitt RE Co.

See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 599675

Key West Association of REALTORS®

APN: 00192910-000000

Florida Monroe County Summerland Key 33042

414 Caribbean Dr E, Summerland Key, FL

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