NOT LISTED FOR SALE

576 Caribbean Dr E Summerland Key, FL 33042

Estimated Value: $1,587,000 - $2,261,000

3 Beds
3 Baths
1,295 Sq Ft
$1,380/Sq Ft Est. Value

Last Sold April 30, 2014

Last sale price $900,000 $695 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $10,348/month

390 Days on Market

Highlights

  • Airstrip
  • Boat Lift
  • Granite Countertops
  • Ocean Front
  • Wood Flooring
  • No HOA

About This Home

As of April 2014

This recently renovated property has many amenities beginning with lush lighted landscaped yard including canary palms, Bismarck palms and white bird of paradise, privacy fence and paver driveways. The concrete dock includes both davits and 20,000 lb. boat lift. A single car garage can be used to store all your island gear. The home is CBS construction with a metal roof, accordion shutters, recent paint, double pane PGT windows, 3 bedrooms, 3 baths, a laundry room and a large screen porch with pocket doors. The recent remodel includes a new kitchen, new cabinets, granite counter tops, stainless steel appliances, a custom guest bath, a custom master bath and new bamboo floors.

Last Agent to Sell the Property

Fred Mullins

Coldwell Banker Schmitt Real Estate Co. (KW) License #3048048 Listed on: 03/01/2013

Coldwell Banker Schmitt Real Estate Co. (KW)

Last Buyer's Agent

Sylvia Werling

Realty Executives - Sugarloaf

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,693

Year Built

  • Built in 1987

Lot Details

  • 6,300 Sq Ft Lot
  • Ocean Front
  • Fenced
  • Property is zoned IS - Improved Subivision District

Home Design

  • Metal Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 1,295 Sq Ft Home
  • Partially Furnished
  • Bar
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Ocean Views
  • Complete Roll Down Shutters

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Off-Street Parking

Outdoor Features

  • Airstrip
  • Davits
  • Boat Lift
  • Screened Balcony
  • Patio
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Air
  • Septic Tank

Community Details

  • No Home Owners Association
  • Summerland Key Cove Subdivision
  • The community has rules related to deed restrictions

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,693

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Dockage Seawall: Other
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Summerland Key
  • K W Neighborhood: Outside of Key West
  • Mile Marker: 25.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Airstrip, Other Area Features
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 7693.00
  • Title: Negotiable
  • Vehicle Storage: Attached, Off Street Parking, Garage, Carport
  • Year Built: 1987
  • Alternate Key Number: 1254657
  • Building Style Stilt Column Height: LZVZI459X2Q
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 6300.00
  • Porch Balcony: Patio, Screened P/B
  • Shutters: Other, Roll Down Manual
  • Tax Exemptions: None
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1295.00
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Bar, Split Bedroom, Window Treatments, Walk-in Closet(s), Other, Granite Counter Top, Drapes/Blinds Incl, Built-in Cabinets
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Microwave, Stainless Steel Appliance(s), Refrigerator, Range, Dryer, Disposal
  • Floor: Carpet, Wood, Tile
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Aluminum Windows, Sliding Glass Doors, Glass Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Boat Lift, Davit Pads, Davits
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS, Concrete, Combo Construction
  • Exterior Features: Fencing, Storage, Lighting
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View
  • Pool: No

Utilities

  • Security: No Security
  • Utilities: FKAA, Septic Tank

Lot Info

  • Deed Restrictions: Yes
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

Rental Info

  • Furnished: Partially

Tax Info

  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 29, 2025
Sold by
Nelson Michael Scott and Groth-Nelson Britta
Bought by
Sgsmunited Llc
Current Estimated Value
$1,787,076

Purchase Details

Listed on
Mar 1, 2013
Closed on
Apr 30, 2014
Sold by
Wood Jansen H
Bought by
Groth Nelson Britta and Nelson Michael Scott
Seller's Agent
Fred Mullins
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Sylvia Werling
Realty Executives - Sugarloaf
List Price
$1,149,000
Sold Price
$900,000
Premium/Discount to List
-$249,000
-21.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.04%
Original Mortgage
$529,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 12, 2011
Sold by
Thomas Newton B
Bought by
Wood Jansen H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 21, 1999
Sold by
Serbonich Gary S and Serbonich Brenda
Bought by
Thomas Newton B

Purchase Details

Closed on
Nov 1, 1994
Bought by
Groth-Nelson Britta

Purchase Details

Closed on
Jan 1, 1993
Bought by
Groth-Nelson Britta

Purchase Details

Closed on
Jun 1, 1987
Bought by
Groth-Nelson Britta

Purchase Details

Closed on
Jun 1, 1985
Bought by
Groth-Nelson Britta

Purchase Details

Closed on
Feb 1, 1969
Bought by
Groth-Nelson Britta
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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Purchase History

Date Buyer Sale Price Title Company
Sgsmunited Llc -- None Listed On Document
Sgsmunited Llc -- None Listed On Document
Groth Nelson Britta $900,000 True Title Agency Inc
Wood Jansen H $950,000 True Title Agency Inc
Thomas Newton B $468,000 --
Groth-Nelson Britta $3,000 --
Groth-Nelson Britta $245,000 --
Groth-Nelson Britta $197,500 --
Groth-Nelson Britta $35,000 --
Groth-Nelson Britta $4,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Groth Nelson Britta $529,000
Previous Owner Wood Jansen H $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2014 04/30/14 Sold $900,000 -21.7% $695 / Sq Ft
03/26/2014 03/26/14 Pending -- -- --
03/01/2013 03/01/13 For Sale $1,149,000 -- $887 / 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
2025 $12,053 $1,693,531 $1,315,393 $378,138
2024 $11,613 $1,626,648 $1,252,755 $373,893
2023 $11,613 $1,692,995 $1,327,615 $365,380
2022 $9,321 $1,081,515 $714,987 $366,528
2021 $8,775 $883,641 $546,935 $336,706
2020 $8,185 $810,995 $533,185 $277,810
2019 $9,441 $943,350 $661,516 $281,834
2018 $9,563 $978,733 $696,654 $282,079
2017 $8,453 $820,516 $0 $0
2016 $8,590 $816,344 $0 $0
2015 $8,117 $733,322 $0 $0
2014 $10,350 $913,847 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Fred Mullins

    Seller's Agent in 2014

    Fred Mullins

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 304-5341

    57 Total Sales

    Fred Mullins
    Section Image

  • S

    Buyer's Agent in 2014

    Sylvia Werling

    Realty Executives - Sugarloaf

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 117769

Florida Keys Board of REALTORS®

APN: 00192760-000000

Florida Monroe County Summerland Key 33042

576 Caribbean Dr E, Summerland Key, FL

Not Listed for Sale

Detached

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