NOT LISTED FOR SALE

551 W Point Dr Summerland Key, FL 33042

Estimated Value: $2,965,000 - $3,979,000

4 Beds
3.5 Baths
2,749 Sq Ft
$1,271/Sq Ft Est. Value

Last Sold June 27, 2019

Last sale price $2,500,000 $909 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $19,940/month

89 Days on Market

Highlights

  • Ocean Front
  • Newly Remodeled
  • Granite Countertops
  • Sandy Beach
  • Marble Flooring
  • 1-minute walk to Bay Point Park Playground

About This Home

As of June 2019

A castle on the ocean's edge, this home was built for privacy, tranquility, safety and--above all--abundant riches of water access. Every detail from South American coral and travertine paving, to full hurricane-impact enclosure, to soaring ten-foot-high ceilings welcomes immersive, Keys living in absolute comfort. This new construction home invites year-round, coastal living with all the advantages of being on the ocean (soothing views from every room; approved permits for two deep-water docks, and ample space for both a swimming beach and pool) without compromising luxury. Beautiful no-fuss, blonde hickory floors run throughout. Stunning marble in master bath and Carrara marble in the guest bathroom. Shelving throughout the home is custom-built. A Sub-Zero refrigerator, Wolf cooktop

Last Agent to Sell the Property

Brenda Donnelly

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3037635 Listed on: 01/07/2019

Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Buyer's Agent

Jude Lindback

Century 21 Prestige Realty Grp, Tavernier

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,901

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 0.42 Acre Lot
  • Ocean Front
  • Lake Front
  • Property Fronts a Bay or Harbor
  • Sandy Beach
  • Property is zoned IS - Improved Subivision District

Property Views

  • Ocean
  • Gulf
  • Lake

Home Design

  • Metal Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 2,749 Sq Ft Home
  • Tray Ceiling
  • Ceiling Fan
  • Blinds
  • Workshop

Kitchen

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

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Impact Glass
  • Fire and Smoke Detector

Parking

  • Covered Parking
  • Off-Street Parking

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Balcony
  • Outdoor Storage

Utilities

  • Central Air
  • Water Purifier
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Sugarloaf Shores Subdivision

Listing and Financial Details

  • Minimum Rental Period: 28

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,901

Year Built

Built in 2018 | Newly Remodeled

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
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Sugarloaf Key
  • Limited Representation: No
  • Mile Marker: 17.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 4901.05
  • Vehicle Storage: Covered Parking, Off Street Parking
  • Year Built: 2018
  • Alternate Key Number: 1215155
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Dockage Dock Permit: Yes
  • Lot Sq Ft: 18357.00
  • Porch Balcony: Open Porch/Balcony
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 2749.00
  • Pre Wired: Cable
  • Property Condition: New Construction
  • Sewer Hook Up: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Pantry, Window Treatments, Walk-in Closet(s), Tray Ceilings, Smoke Alarms, Granite Counter Top, Drapes/Blinds Incl, Elevator
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Water Purification, Stainless Steel Appliance(s), Refrigerator, Range, Oven, Microwave, Dryer, Disposal
  • Floor: Marble, Wood
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room, Workshop
  • Windows/Doors: Impact Rstnce Doors, Impact Rstnce Window
  • Total Bedrooms: 4
  • Accessibility Features: Accessible, Accessible Elevator Installed

Exterior Features

  • Waterfront: Bay Front, Oceanfront, Open Water, Lake Front
  • Waterfront: Yes
  • Construction: Concrete
  • Exterior Features: Sandy Beach, Storage
  • Roof: Metal Roof
  • Waterview: Bay/Gulf View, Lake View, Open Water View, Ocean View
  • Pool: No

Utilities

  • Utilities: Cable Available, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE House above flood
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.42

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2020
Sold by
Stephen J Sabol Family Trust
Bought by
Stephen J Sabol Family Trust
Current Estimated Value
$3,494,172

Purchase Details

Listed on
Jan 7, 2019
Closed on
Jun 28, 2019
Sold by
Horton Carol L
Bought by
Stephen J Sabol Family Trust
Seller's Agent
Brenda Donnelly
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Jude Lindback
Century 21 Prestige Realty Grp, Tavernier
List Price
$2,799,000
Sold Price
$2,500,000
Premium/Discount to List
-$299,000
-10.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.46%

Purchase Details

Closed on
May 13, 2015
Sold by
Alspach Charlotte and Delany Peter S
Bought by
Horton Carol L

Purchase Details

Closed on
Sep 18, 2014
Sold by
Alspach Charlotte and Delaney Peter
Bought by
Alspach Charlotte and Delaney Peter

Purchase Details

Closed on
Apr 5, 2002
Sold by
Ida Eichner I
Bought by
Delaney Peter S and Alspach Charlotte

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
6.8%

Purchase Details

Closed on
Jun 1, 1987
Bought by
Horton Carol L

Purchase Details

Closed on
Jan 1, 1981
Bought by
Horton Carol L

Purchase Details

Closed on
Feb 1, 1969
Bought by
Horton Carol L
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
Stephen J Sabol Family Trust $100 None Listed On Document
Stephen J Sabol Family Trust $100 None Listed On Document
Stephen J Sabol Family Trust $2,500,000 None Listed On Document
Horton Carol L $625,000 Attorney
Alspach Charlotte -- Attorney
Delaney Peter S $350,000 --
Horton Carol L $130,000 --
Horton Carol L $68,000 --
Horton Carol L $12,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Delaney Peter S $265,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2019 06/27/19 Sold $2,500,000 -10.7% $909 / Sq Ft
04/06/2019 04/06/19 Pending -- -- --
01/07/2019 01/07/19 For Sale $2,799,000 -- $1,018 / 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 $19,383 $2,346,564 -- --
2023 $19,383 $2,278,218 $0 $0
2022 $18,373 $2,153,840 $0 $0
2021 $18,617 $2,036,936 $0 $0
2020 $18,548 $2,008,813 $638,089 $1,370,724
2019 $13,454 $1,459,373 $583,707 $875,666
2018 $4,929 $516,640 $462,596 $54,044
2017 $4,901 $517,889 $0 $0
2016 $4,927 $505,169 $0 $0
2015 $2,515 $258,424 $0 $0
2014 $2,341 $221,524 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Brenda Donnelly

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    Section Image

  • J

    Buyer's Agent in 2019

    Jude Lindback

    Century 21 Prestige Realty Grp, Tavernier

  • J

    Buyer's Agent in 2019

    Jude Lindback, P.a.

    Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

    (305) 522-1370

    12 Total Sales

    Jude Lindback, P.a.
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 583568

Florida Keys Board of REALTORS®

APN: 00166976-008100

Florida Monroe County Summerland Key 33042

551 W Point Dr, Summerland Key, FL

This home is located at 551 W Point Dr, Summerland Key, FL 33042 since 07 January 2019 and is currently estimated at $3,494,172, approximately $1,271 per square foot. This property was built in 2018. 551 W Point Dr 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.

Florida Keys Board 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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