NOT LISTED FOR SALE

540 W Point Dr Summerland Key, FL 33042

Estimated Value: $1,520,000 - $1,856,000

3 Beds
2 Baths
1,570 Sq Ft
$1,054/Sq Ft Est. Value

Last Sold June 29, 2023

Last sale price $1,685,000 $1,073 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $9,578/month

38 Days on Market

Highlights

  • Dock made with concrete
  • RV or Boat Parking
  • Home fronts a canal
  • Heated In Ground Pool
  • RV Parking in Community
  • 1-minute walk to Bay Point Park Playground

About This Home

As of June 2023

Welcome to your very own tropical paradise in highly sought-after Sugarloaf Shores neighborhood! This island gem epitomizes the coveted Keys lifestyle, complete with expertly-utilized downstairs entertaining space, an upstairs loft and a wealth of luxurious features. The home boasts an oversized lot, well-maintained exterior, brick paver driveway, and gated entry, offering added privacy and security. The property is adorned with lush tropical landscaping and comes fully equipped for entertaining. The stunning heated pool with beach entry and an in-ground hot tub for ultimate relaxation. Grill your fresh catch from the comfort of the large covered patio, boasting pristine Canal Views. For those who love to be on the water, the 100 ft concrete dock with davits provides easy access for boating and fishing. Rinse off after a long day in the sun in the luxurious outdoor shower. This home offers partial Open Water Views from the screened-in patio and open upstairs observation deck, creating the perfect atmosphere for al fresco dining. The fully equipped kitchen features a dual-fuel range and a spacious kitchen island with bar seating for casual dining or entertaining guests. The open-concept living space boasts high ceilings and pocket sliding glass doors, creating an open and airy atmosphere. The primary bedroom features an en suite bathroom and porch access, while the guest bedroom and upstairs loft offer additional space for visitors. An abundance of covered and open parking and storage make this home perfect for those with multiple vehicles and toys. An RV hookup on the property offers additional convenience. Unpack and relax in this picturesque island getaway. Your dream Florida Keys lifestyle awaits!

Last Agent to Sell the Property

Lisa Ferringo

Coldwell Banker Schmitt Lower Keys (KW) License #605677 Listed on: 05/02/2023

Coldwell Banker Schmitt Lower Keys (KW)

Last Buyer's Agent

Jamie Caudill

Island Breeze Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,085

Year Built

  • Built in 1989

Lot Details

  • 10,000 Sq Ft Lot
  • Home fronts a canal
  • Fenced
  • Property is zoned ISD - Improved Sup Duplex

Home Design

  • Metal Roof

Interior Spaces

  • 1,570 Sq Ft Home
  • Bar
  • Cathedral Ceiling
  • Skylights
  • Jalousie or louvered window
  • Shutters
  • Sliding Doors
  • Loft
  • Storage
  • Canal Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Built-In or Custom Kitchen Cabinets

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Attached Garage
  • Open Parking
  • Off-Street Parking
  • RV or Boat Parking

Pool

  • Heated In Ground Pool
  • Spa
  • Saltwater Pool
  • Outdoor Shower

Outdoor Features

  • Davits
  • Dock made with concrete
  • Screened Balcony
  • Patio
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00166976-007800

Community Details

Overview

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

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,085

Year Built

Built in 1989

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: 3
  • Dockage Dock: Concrete
  • Dockage Dock Length: 100
  • Document Count: 2
  • 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: Bike Paths
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 6085.22
  • Title: Negotiable
  • Vehicle Storage: Garage, Covered Parking, RV Parking Open, Off Street Parking, Open Parking, Attached
  • Year Built: 1989
  • Alternate Key Number: 1215121
  • Cooling Heating: Central Air
  • Lot Sq Ft: 10000.00
  • Pool Info: In Ground, Salt Water
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Patio, Screened P/B
  • Shutters: Bahama
  • Species List: Yes
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1570.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Cathedral Ceilings, Storage, Sky Light(s), Built-in Cabinets
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Gas Appliances, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Carpet, Wood
  • Specialty Rooms: Loft
  • Windows/Doors: Jalousie Windows, Sliding Glass Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Davits
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Bar, Storage, Outdoor Shower, Lighting, Hot Tub, Fencing
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00166976-007800
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.23

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
Nov 9, 2014
Closed on
Jan 2, 2015
Sold by
Claus Bodo and Claus Katherine Roy
Bought by
Graham Bruce L and Bruce L Graham Revocable Trust
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
List Price
$899,600
Sold Price
$800,000
Premium/Discount to List
-$99,600
-11.07%
Current Estimated Value
$1,655,364

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$855,364
Avg. Annual Appreciation
6.96%

Purchase Details

Closed on
Aug 13, 2009
Sold by
540 West Point Drive Llc
Bought by
Claus Bodo and Claus Katherine Roy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2005
Sold by
Claus Bodo and Claus Katherine Roy
Bought by
540 West Point Drive Llc

Purchase Details

Closed on
Aug 27, 2003
Sold by
Kasbeer Charles I and Kasbeer Susan C
Bought by
Claus Bodo and Claus Katherine R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 1994
Sold by
Lefcort Peter
Bought by
Kasbeer Charles I and Kasbeer Susan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.65%

Purchase Details

Closed on
Jun 1, 1988
Bought by
Graham Bruce L Revocable Trust 7/23/2012

Purchase Details

Closed on
Feb 1, 1977
Bought by
Graham Bruce L Revocable Trust 7/23/2012
Source: Public Records

Range of Values:

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Average Value
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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
Graham Bruce L $800,000 None Available
Claus Bodo -- None Available
540 West Point Drive Llc $580,000 None Available
Claus Bodo $725,000 --
Kasbeer Charles I $235,000 --
Graham Bruce L Revocable Trust 7/23/2012 $65,000 --
Graham Bruce L Revocable Trust 7/23/2012 $10,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Claus Bodo $417,000
Previous Owner Claus Bodo $580,000
Previous Owner Kasbeer Charles I $200,000
Closed Claus Bodo $72,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/29/2023 06/29/23 Sold $1,685,000 -3.7% $1,073 / Sq Ft
05/02/2023 05/02/23 For Sale $1,749,000 +118.6% $1,114 / Sq Ft
01/07/2015 01/07/15 Sold $800,000 -11.1% $510 / Sq Ft View Prior Sale
11/17/2014 11/17/14 Pending -- -- --
11/09/2014 11/09/14 For Sale $899,600 -- $573 / 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
2024 $10,759 $1,311,594 $733,200 $578,394
2023 $10,759 $1,180,930 $728,000 $452,930
2022 $6,085 $669,234 $0 $0
2021 $6,275 $649,742 $0 $0
2020 $6,247 $640,772 $228,800 $411,972
2019 $6,381 $653,097 $0 $0
2018 $5,868 $582,511 $0 $0
2017 $5,706 $570,530 $0 $0
2016 $6,531 $639,299 $0 $0
2015 $5,096 $495,845 $0 $0
2014 -- $363,594 $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: 605141

APN: 00166976-007800