NOT LISTED FOR SALE

551 W Indies Dr Summerland Key, FL 33042

Estimated Value: $808,580 - $1,066,000

2 Beds
2 Baths
1,360 Sq Ft
$727/Sq Ft Est. Value

Last Sold September 19, 2022

Last sale price $850,000 $625 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $5,691/month

48 Days on Market

Highlights

  • Dock made with wood
  • Waterfront
  • No HOA
  • Sandy Beach
  • Sun or Florida Room
  • Workshop

About This Home

As of September 2022

Charming, 2 bedroom 2 bath, open water split bedroom home. Enjoy spectacular sunrises with unobstructed open water views from every room in the house. Large primary bedroom is located on the 2nd level with it's own private open porch. 2nd Bedroom is also very spacious and has an attached Florida room with beautiful views. Floor to ceiling windows brings in so much light to this unique Florida Keys home. New metal roof in 2018, new A/C in 2020, accordion shutters, tile floors, this home even has a sandy beach! Great location for kayaking and paddleboarding. Easy to show!

Last Agent to Sell the Property

Kelly Kline

Coldwell Banker Schmitt RE Co. Listed on: 06/16/2022

Co-Listed By

Melissa Graham

Internet Realty of the Florida Keys License #3422705

Last Buyer's Agent

Annie Rivera

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3486317

Berkshire Hathaway HomeServices Knight & Gardner Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,417

Year Built

  • Built in 1973

Lot Details

  • 6,017 Sq Ft Lot
  • Waterfront
  • Sandy Beach
  • Property is zoned IS - Improved Subivision District

Parking

  • Off-Street Parking

Home Design

  • Split Level Home
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,360 Sq Ft Home
  • Ceiling Fan
  • Double Hung Windows
  • Workshop
  • Sun or Florida Room
  • Storage
  • Tile Flooring
  • Water Views
  • Complete Accordion Shutters

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Outdoor Features

  • Dock made with wood
  • Balcony
  • Outdoor Storage

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Breezeswept Bch Est Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Other Tax Exemptions
  • Assessor Parcel Number 00206320-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,417

Year Built

Built in 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
  • Dockage Dock: Wood
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Ramrod Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 27.50
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 4417.16
  • Vehicle Storage: Off Street Parking
  • Year Built: 1973
  • Alternate Key Number: 1269654
  • Building Style: Split Level
  • Building Style Stilt Column Height: Short - 4Ft & Under
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 6017.00
  • Porch Balcony: Open Porch/Balcony
  • Shutters: Accordion
  • Species List: Yes
  • Tax Exemptions: Homestead, Widow/Widower
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1360.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Split Bedroom, Storage
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Range, Oven
  • Floor: Tile
  • Specialty Rooms: Sun/Florida Room, Workshop
  • Windows/Doors: Double Hung Windows, Other Windows/Doors
  • Total Bedrooms: 2

Exterior Features

  • Waterfront: Open Water
  • Waterfront: Yes
  • Construction: Frame
  • Exterior Features: Sandy Beach, Storage
  • Roof: Metal Roof
  • Waterview: Open Water View
  • Pool: No

Utilities

  • Utilities: Buyer to Verify, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00206320-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 2024
Sold by
Rivera Annie and Kolensky Annie Rivera
Bought by
Barron Alvie
Current Estimated Value
$989,395

Purchase Details

Listed on
Jun 16, 2022
Closed on
Sep 19, 2022
Sold by
Gabrielle Nahr
Bought by
Barron Alvie and Rivera Annie
Seller's Agent
Kelly Kline
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Annie Rivera
Berkshire Hathaway HomeServices Knight & Gardner Realty
List Price
$1,049,000
Sold Price
$850,000
Premium/Discount to List
-$199,000
-18.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.02%
Original Mortgage
$722,500
Interest Rate
5.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2018
Sold by
Gabrielle Nahr
Bought by
Bazi Zulay A and Martinus Julia M

Purchase Details

Closed on
Apr 3, 2018
Sold by
Gabrielle Nahr and Wilson Gabrielle
Bought by
Bazi Zulay A and Martinus Julia M

Purchase Details

Closed on
Jul 17, 2012
Sold by
Campus Philippe and Ress Campus Laura
Bought by
Wilson Calvin and Nahr Gabrielle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 15, 2005
Sold by
Mullinax William Gordon and Mullinax Diane E
Bought by
Ress Campus Philippe and Ress Campus Laura

Purchase Details

Closed on
Mar 10, 1994
Sold by
Eschrich Allen H and Eschrich Melba K
Bought by
Eschrich Allen H and Eschrich Melba K

Purchase Details

Closed on
Apr 1, 1986
Bought by
Nahr Gabrielle

Purchase Details

Closed on
Aug 1, 1982
Bought by
Nahr Gabrielle

Purchase Details

Closed on
Feb 1, 1971
Bought by
Nahr Gabrielle
Source: Public Records

Range of Values:

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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
Barron Alvie $350,076 None Listed On Document
Barron Alvie $350,076 None Listed On Document
Barron Alvie $850,000 --
Bazi Zulay A $100 None Listed On Document
Bazi Zulay A $100 None Listed On Document
Wilson Calvin $493,400 Seagull Title Company
Ress Campus Philippe $625,000 True Title Agency Inc
Eschrich Allen H -- --
Nahr Gabrielle $127,500 --
Nahr Gabrielle $100,000 --
Nahr Gabrielle $2,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barron Alvie $722,500
Previous Owner Wilson Calvin $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2022 09/19/22 Sold $850,000 -14.9% $625 / Sq Ft
07/11/2022 07/11/22 Price Changed $999,000 -4.8% $735 / Sq Ft
06/16/2022 06/16/22 For Sale $1,049,000 -- $771 / 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 $6,160 $699,136 -- --
2023 $6,160 $678,773 $0 $0
2022 $4,305 $459,897 $0 $0
2021 $4,417 $446,502 $0 $0
2020 $4,395 $440,338 $257,227 $183,111
2019 $4,399 $439,555 $0 $0
2018 $4,422 $431,360 $0 $0
2017 $4,301 $422,488 $0 $0
2016 $4,327 $413,799 $0 $0
2015 $4,450 $410,923 $0 $0
2014 $4,774 $425,592 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2022

    Kelly Kline

    Coldwell Banker Schmitt RE Co.

  • M

    Seller Co-Listing Agent in 2022

    Melissa Graham

    Internet Realty of the Florida Keys

  • A

    Buyer's Agent in 2022

    Annie Rivera

    Berkshire Hathaway HomeServices Knight & Gardner Realty

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 601429

Florida Keys Board of REALTORS®

APN: 00206320-000000

Florida Monroe County Summerland Key 33042

551 W Indies Dr, Summerland Key, FL

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