NOT LISTED FOR SALE

494 Caribbean Dr E Summerland Key, FL 33042

Estimated Value: $1,723,305 - $2,003,000

3 Beds
2 Baths
1,418 Sq Ft
$1,302/Sq Ft Est. Value

Last Sold September 12, 2023

Last sale price $1,900,000 $1,340 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $10,891/month

2 Days on Market

Highlights

  • Airstrip
  • Granite Countertops
  • Stainless Steel Appliances
  • Waterfront
  • Workshop
  • Balcony

About This Home

As of September 2023

THIS PICTURESQUE OPEN WATER HOME situated in the upscale community of Summerland Key Cove is on the market for the first time!With stunning views and direct access to the open water, this coastal property features 3 bedrooms, 2 baths, and a private 60' dock. The open floor plan and ample outdoor space make it the perfect haven for relaxation and enjoying the beauty of the seascape.A blend of natural beauty and tranquil surroundings - relax in this well-built, well-maintained, concrete block home with a metal roof and enjoy the rarity of a 2 car garage. Deep water access will have you to the Atlantic or Gulf in minutes. It's perfect if you are seeking a quiet waterfront lifestyle with exceptional boating. Don't miss it.

Last Agent to Sell the Property

Donna Pezzi

Keller Williams Key West Compass Realty License #3226338 Listed on: 07/12/2023

Keller Williams Key West Compass Realty

Last Buyer's Agent

Lisa Swanson

Coldwell Banker Schmitt Real Estate Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,470

Year Built

  • Built in 1989 | Remodeled

Lot Details

  • 6,000 Sq Ft Lot
  • Waterfront
  • Property is zoned IS - Improved Subivision District

HOA Fees

  • $2 Monthly HOA Fees

Home Design

  • Metal Roof

Interior Spaces

  • 1,418 Sq Ft Home
  • Ceiling Fan
  • Shutters
  • Sliding Doors
  • Workshop
  • Storage
  • Tile Flooring
  • Water Views

Kitchen

  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Complete Accordion Shutters
  • Impact Glass

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener
  • Guest Parking
  • Open Parking

Accessible Home Design

  • Handicap Accessible

Outdoor Features

  • Airstrip
  • Seawall
  • Balcony
  • Patio
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Propane
  • Water Softener
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • Association fees include common area mnt
  • Summerland Key Cove Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00192830-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,470

Year Built

Built in 1989 | Remodeled

Lot Details

0

HOA Fees

$2 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 25.00
  • Mandatory HOA: No
  • Voluntary HOA: Yes
  • Dockage Seawall: Concrete
  • Fee Includes: Common Area Mnt, Other
  • Handicap Access: Yes
  • 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: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 3469.84
  • Title: Title Ins - Buyer
  • Vehicle Storage: Garage, Covered Parking, Guest Parking, Open Parking, Auto Door Opener
  • Vehicle Storage Cars: 2
  • Year Built: 1989
  • Alternate Key Number: 1254720
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 6000.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • Association Maintenance Fee Per: Yearly
  • Shutters: Accordion, Panel
  • Species List: Yes
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1418.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Split Bedroom, Granite Counter Top, Window Treatments, Storage
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Disposal, Water Softener, Microwave, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Specialty Rooms: Workshop
  • Windows/Doors: Sliding Glass Doors, Impact Rstnce Window
  • Appliances Other: Propane Range
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Davit Pads
  • Waterfront: Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Rain Gutters
  • Roof: Metal Roof
  • Waterview: Open Water View
  • Pool: No

Utilities

  • Utilities: FKAA, Propane, Cable Available, Municipal Sewer
  • Heating: Central

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,VE-14
  • Parcel Number: 00192830-000000
  • Lot Size: 60' x 100'
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

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
Jul 12, 2023
Closed on
Sep 12, 2023
Sold by
Agosti Kenneth R and Agosti Joan M
Bought by
494 Caribbean Drive Land Trust and Stuth
Seller's Agent
Donna Pezzi
Keller Williams Key West Compass Realty
Buyer's Agent
Lisa Swanson
Coldwell Banker Schmitt Real Estate Co.
List Price
$1,900,000
Sold Price
$1,900,000
Views
7
Current Estimated Value
$1,846,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$53,424
Avg. Annual Appreciation
-1.22%
Original Mortgage
$1,520,000
Outstanding Balance
$1,484,474
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$362,102

Purchase Details

Closed on
Aug 10, 2004
Sold by
Agosti Kenneth R
Bought by
Agosti Kenneth R and Agosti Joan M

Purchase Details

Closed on
May 26, 1993
Sold by
Jackson Alexander M and Jackson Pauline J
Bought by
Agosti Kenneth R and Agosti Joan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,150
Interest Rate
7.39%

Purchase Details

Closed on
Jul 1, 1986
Bought by
Agosti Kenneth R and Agosti Joan M

Purchase Details

Closed on
Jun 1, 1978
Bought by
Agosti Kenneth R and Agosti Joan M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
494 Caribbean Drive Land Trust $1,900,000 None Listed On Document
Agosti Kenneth R -- --
Agosti Kenneth R $300,000 --
Agosti Kenneth R $49,000 --
Agosti Kenneth R $17,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 494 Caribbean Drive Land Trust $1,520,000
Previous Owner Agosti Kenneth R $203,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2023 09/12/23 Sold $1,900,000 0.0% $1,340 / Sq Ft
07/14/2023 07/14/23 Pending -- -- --
07/12/2023 07/12/23 For Sale $1,900,000 -- $1,340 / 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 $14,910 $1,809,451 $1,291,500 $517,951
2024 $3,572 $1,704,122 $1,230,000 $474,122
2023 $3,572 $409,530 $0 $0
2022 $3,470 $397,602 $0 $0
2021 $3,560 $386,022 $0 $0
2020 $3,539 $380,693 $0 $0
2019 $3,469 $372,134 $0 $0
2018 $3,485 $365,196 $0 $0
2017 $3,382 $357,685 $0 $0
2016 $3,402 $350,329 $0 $0
2015 $3,503 $347,894 $0 $0
2014 $3,613 $345,133 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Donna Pezzi

    Seller's Agent in 2023

    Donna Pezzi

    Keller Williams Key West Compass Realty

    (305) 304-2602

    152 Total Sales

    Donna Pezzi
    Section Image

  • L

    Buyer's Agent in 2023

    Lisa Swanson

    Coldwell Banker Schmitt Real Estate Co.

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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 605948

APN: 00192830-000000

Florida Monroe County Summerland Key 33042

494 Caribbean Dr E, Summerland Key, FL

Not Listed for Sale

Detached

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