NOT LISTED FOR SALE

551 E Shore Dr Summerland Key, FL 33042

Estimated Value: $1,868,000 - $3,190,000

4 Beds
2 Baths
2,154 Sq Ft
$1,092/Sq Ft Est. Value

Last Sold June 11, 2021

Last sale price $2,400,000 $1,114 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $13,467/month

43 Days on Market

Highlights

  • Ocean Front
  • Dock made with concrete
  • Heated In Ground Pool
  • Beach
  • Sandy Beach
  • Wood Flooring

About This Home

As of June 2021

Welcome to your very own private paradise! Located on prominent Summerland Beach with a 400ft gated driveway that brings the estate feel. This gorgeous 31,500 sqft fenced property features two Oceanfront lots with sandy beach, pool, boat basin with 80ft of seawall, concrete deck and 2 davits. There is a rocky peninsula with living coral for hours of snorkeling fun right in front of your house with luscious gardens for relaxing walks. Mature coconut palms, Geiger trees, Royal Poinciana, Bird of Paradise, wild orchids and Silver Bismarck (just a few of the species) that keep this unique property hidden from the rush of the outside world. This 2,400 sqft house has an open concept living area offering an instant 180 degrees of breathtaking Ocean views. New kitchen with high end

Last Agent to Sell the Property

Maclaren Maclaren

Lower Keys Realty, Co. Listed on: 04/13/2021

Last Buyer's Agent

Dara Hoover

Island Paradise Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,207

Year Built

  • Built in 2000

Lot Details

  • 0.72 Acre Lot
  • Ocean Front
  • Sandy Beach
  • Fenced
  • Property is zoned IS - Improved Subivision District

Home Design

  • Frame Construction
  • Metal Roof
  • HardiePlank Siding

Interior Spaces

  • 2,154 Sq Ft Home
  • Ceiling Fan
  • Sliding Doors
  • Workshop
  • Storage
  • Ocean Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Complete Accordion Shutters
  • Impact Glass
  • Fire and Smoke Detector

Parking

  • Garage
  • Guest Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Heated In Ground Pool
  • Davits
  • Dock made with concrete
  • Balcony
  • Patio

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00196720-000000

Community Details

Overview

  • No Home Owners Association
  • Summerland Beach Subdivision
  • Rental Restrictions

Recreation

  • Beach

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,207

Year Built

Built in 2000

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
  • Dockage Dock: 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: Beach
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 11206.78
  • Title: Negotiable
  • Vehicle Storage: Garage, Off Street Parking, Open Parking, Guest Parking
  • Year Built: 2000
  • Alternate Key Number: 1258393
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 31550.00
  • Pool Info: In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Patio
  • Shutters: Accordion
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2154.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Granite Counter Top, Smoke Alarms, Storage
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Microwave, Refrigerator, Range, Oven, Dryer
  • Floor: Tile, Wood
  • Specialty Rooms: Workshop
  • Windows/Doors: Impact Rstnce Doors, Sliding Glass Doors, Impact Rstnce Window
  • Total Bedrooms: 4

Exterior Features

  • Dockage: Basin, Davits
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: Frame, Hardi Board Siding
  • Exterior Features: Fencing, Sandy Beach
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Other
  • Utilities: Buyer to Verify, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE,AE,AE,VE
  • Parcel Number: 00196720-000000
  • Land Size: 1/2 - Less Than 1 AC
  • Acres: 0.72

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2021
Closed on
Jun 4, 2021
Sold by
Blahout Petr and Brozkova Radmila
Bought by
Prime Plaza Florida Llc
Seller's Agent
Maclaren Maclaren
Lower Keys Realty, Co.
Buyer's Agent
Dara Hoover
Island Paradise Properties
List Price
$2,499,000
Sold Price
$2,400,000
Premium/Discount to List
-$99,000
-3.96%
Current Estimated Value
$2,352,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$47,670
Avg. Annual Appreciation
-0.46%

Purchase Details

Closed on
Feb 18, 2003
Sold by
Meyers Dean E and Covington Ronald R
Bought by
Blahout Petr and Brozkova Radmila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 2000
Sold by
Meyers Dean E
Bought by
Meyers Dean E and Covington Ronald R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
8.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 1997
Bought by
Brozkova Radmila

Purchase Details

Closed on
Dec 1, 1993
Bought by
Brozkova Radmila
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
Prime Plaza Florida Llc $2,400,000 Attorney
Blahout Petr $700,000 True Title Agency Inc
Meyers Dean E -- --
Brozkova Radmila $385,000 --
Brozkova Radmila $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Blahout Petr $320,000
Previous Owner Meyers Dean E $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/11/2021 06/11/21 Sold $2,400,000 -4.0% $1,114 / Sq Ft
05/26/2021 05/26/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $2,499,000 +4.1% $1,160 / Sq Ft
04/14/2021 04/14/21 Off Market $2,400,000 -- --
04/13/2021 04/13/21 For Sale $2,499,000 -- $1,160 / Sq Ft
Source: Florida Keys Board 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 $13,856 $1,626,182 $1,626,182 --
2023 $13,856 $1,601,893 $1,533,117 $68,776
2022 $19,715 $2,235,049 $1,567,404 $667,645
2021 $12,722 $1,438,349 $930,646 $507,703
2020 $11,207 $1,146,492 $739,832 $406,660
2019 $10,255 $1,031,211 $705,332 $325,879
2018 $10,560 $1,033,948 $702,776 $331,172
2017 $11,368 $1,128,442 $0 $0
2016 $12,528 $1,213,925 $0 $0
2015 $15,693 $1,641,333 $0 $0
2014 $14,129 $1,270,304 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 595623

Florida Keys Board of REALTORS®

APN: 00196720-000000