NOT LISTED FOR SALE

474 Caribbean Dr E Summerland Key, FL 33042

Estimated Value: $1,566,132 - $1,745,000

3 Beds
2 Baths
1,664 Sq Ft
$1,008/Sq Ft Est. Value

Last Sold April 25, 2025

Last sale price $1,725,000 $1,037 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $9,924/month

127 Days on Market

About This Home

As of April 2025

Endless Ocean Views at this turn-key modern retreat, in sought-after Summerland Cove Isle! This bright and airy, concrete construction home boasts impact doors and windows and an open concept floor plan ideal for entertaining. The well-appointed Chef's Kitchen boasts stunning quartz countertops and backsplash, Cafe appliances, and large island with seating. Turquoise Waters are the focal point of the main living space, with floor to ceiling impact glass boasting Views of the Ocean beyond. Two generous bedrooms and a sleek, modern bathroom provide comfortable accommodation. Enjoy stunning Sunsets and balmy ocean breezes from a large upstairs open balcony. Downstairs, a bonus storage space offers additional room for keeping tools and equipment out of the elements. The expertly-equipped back yard boasts a brick paver deck, covered patio, 20K and 3500 lb. boat lifts, tiki hut, outdoor shower, and additional space for trailer storage. Enjoy effortless boating with ease from this Angler's paradise. The spacious lot is beautifully landscaped with native plants, making this exceptional property feel supremely private and tranquil. A large brick paver driveway, and attached one car garage offer abundant parking. Located within a quiet, established neighborhood but just minutes to divine dining and shops in town, this slice of paradise has it all!

Last Agent to Sell the Property

Lisa Ferringo

Coldwell Banker Schmitt Lower Keys (KW) License #605677 Listed on: 11/05/2024

Coldwell Banker Schmitt Lower Keys (KW)

Last Buyer's Agent

Lisa Ferringo

Coldwell Banker Schmitt Lower Keys (KW) License #605677 Listed on: 11/05/2024

Coldwell Banker Schmitt Lower Keys (KW)

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,874

Year Built

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
  • Control Depth: 4
  • Dockage Dock: Concrete
  • Dockage Dock Length: 60
  • Document Count: 3
  • 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: Other Area Features, Bike Paths, Airstrip
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 11873.90
  • Title: Negotiable
  • Vehicle Storage: Garage, Trailer Storage, Off Street Parking, Open Parking, Attached
  • Year Built: 1973
  • Alternate Key Number: 1254746
  • Cooling Heating: Ceiling Fans(s), Ductless
  • Lot Sq Ft: 6000.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1664.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Quartz Countertops, Bar, Storage
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: More Appliances, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer, Washer
  • Floor: Vinyl
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Appliances Other: YES
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Chickee Hut, Storage, Outdoor Shower, Lighting, Fencing
  • Roof: Other Roof
  • Waterview: Ocean View, Open Water View
  • Pool: No

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,VE,AE
  • Parcel Number: 00192850-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2024
Closed on
Apr 25, 2025
Sold by
Schwamm John and Schwamm Living Trust
Bought by
Parnell Holdings Llc
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
Buyer's Agent
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
List Price
$2,195,000
Sold Price
$1,725,000
Premium/Discount to List
-$470,000
-21.41%
Views
234
Current Estimated Value
$1,676,783

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$48,217
Avg. Annual Appreciation
-5.27%
Original Mortgage
$603,750
Outstanding Balance
$602,151
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$1,085,884

Purchase Details

Listed on
Mar 15, 2021
Closed on
Apr 9, 2021
Sold by
Lopez Juan and Lopez Barbara Triana
Bought by
Schwamm John and Schwamm Linda E
Seller's Agent
Diane Corliss
Realty Executives - Sugarloaf
Buyer's Agent
John Takovich
Coldwell Banker Schmitt R.E.
List Price
$1,100,000
Sold Price
$1,060,000
Premium/Discount to List
-$40,000
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.78%

Purchase Details

Listed on
Feb 14, 2015
Closed on
Apr 24, 2015
Sold by
Browning John and Browning Carol
Bought by
Lopez Juan and Lopez Triana
Seller's Agent
Fred Mullins
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Richard Medlin
List Price
$799,900
Sold Price
$705,000
Premium/Discount to List
-$94,900
-11.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.08%
Original Mortgage
$528,750
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2001
Sold by
Family Pts Acuff I
Bought by
Browning John and Browning Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 1997
Sold by
Acuff David and Acuff Lori J
Bought by
Acuff Family Partnership

Purchase Details

Closed on
Feb 20, 1996
Sold by
Gordon Stanely and Gordon Nurith E
Bought by
Acuff David and Acuff Lori J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 1971
Bought by
Lopez Juan and Lopez Barbara Triana
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
Parnell Holdings Llc $1,725,000 None Listed On Document
Schwamm John $1,060,000 Florida Title Professional
Lopez Juan $705,000 True Title Agency Inc
Browning John $475,000 --
Acuff Family Partnership -- --
Acuff David $255,000 --
Lopez Juan $4,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parnell Holdings Llc $603,750
Previous Owner Lopez Juan $528,750
Previous Owner Acuff David $315,000
Previous Owner Acuff David $300,000
Previous Owner Acuff David $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 Sold $1,725,000 -13.7% $1,037 / Sq Ft
03/12/2025 03/12/25 Pending -- -- --
11/22/2024 11/22/24 Price Changed $1,999,000 -8.9% $1,201 / Sq Ft
11/05/2024 11/05/24 For Sale $2,195,000 +107.1% $1,319 / Sq Ft
04/09/2021 04/09/21 Sold $1,060,000 -3.6% $1,073 / Sq Ft
03/16/2021 03/16/21 Pending -- -- --
03/15/2021 03/15/21 For Sale $1,100,000 +56.0% $1,113 / Sq Ft
04/24/2015 04/24/15 Sold $705,000 -11.9% $411 / Sq Ft
04/18/2015 04/18/15 Pending -- -- --
02/14/2015 02/14/15 For Sale $799,900 -- $466 / 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 $11,874 $1,579,360 $1,230,000 $349,360
2023 $11,874 $1,639,971 $1,303,500 $336,471
2022 $9,499 $1,031,101 $702,000 $329,101
2021 $7,946 $794,976 $537,000 $257,976
2020 $7,154 $699,156 $523,500 $175,656
2019 $8,061 $794,321 $649,500 $144,821
2018 $8,025 $828,257 $684,000 $144,257
2017 $7,016 $668,645 $0 $0
2016 $7,359 $683,925 $0 $0
2015 $7,699 $691,935 $0 $0
2014 -- $942,435 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Ferringo

    Seller's Agent in 2025

    Lisa Ferringo

    Coldwell Banker Schmitt Lower Keys (KW)

    (305) 797-1221

    620 Total Sales

    Lisa Ferringo
    Section Image

  • D

    Seller's Agent in 2021

    Diane Corliss

    Realty Executives - Sugarloaf

  • J

    Buyer's Agent in 2021

    John Takovich

    Coldwell Banker Schmitt R.E.

  • Fred Mullins

    Seller's Agent in 2015

    Fred Mullins

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 304-5341

    67 Total Sales

    Fred Mullins
    Section Image

  • R

    Buyer's Agent in 2015

    Richard Medlin

See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 612121

Key West Association of REALTORS®

APN: 00192850-000000

Florida Monroe County Summerland Key 33042

474 Caribbean Dr E, Summerland Key, FL

This home is located at 474 Caribbean Dr E, Summerland Key, FL 33042 since 05 November 2024 and is currently estimated at $1,676,783, approximately $1,007 per square foot. This property was built in 1973. 474 Caribbean Dr E is a home located in Monroe County with nearby schools including Sugarloaf School and Key West High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Key West Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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