NOT LISTED FOR SALE

586 Caribbean Dr E Summerland Key, FL 33042

Estimated Value: $1,851,000 - $2,677,000

5 Beds
3.5 Baths
3,651 Sq Ft
$581/Sq Ft Est. Value

Last Sold June 29, 2020

Last sale price $1,133,000 $310 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $12,078/month

193 Days on Market

Highlights

  • Airstrip
  • Boat Lift
  • RV Parking in Community
  • Ocean View
  • RV or Boat Parking
  • Home fronts a canal

About This Home

As of June 2020

OPEN WATER VIEWS! Desirable Summerland Key. Unique architecture. Custom built. 118 ft. of canal front with concrete seawall, dock & step down. Good boating access. Boat davits and boat lift. 3 Bed/2.5 Bath Upstairs, built in ''1994'' is 2412 sq. ft. plus 470 sq. ft. screen porch with french doors off Living room & bedrooms. Open floor plan with vaulted ceiling and tile floors. Downstairs, is a separate at 8.1 ft high. (1239 sq. ft.), 2bd./ 1bth with 2nd kitchen is the original house ''1977'' plus 752 sq. ft. covered porch with ocean views.'' Lower level sits at 8.1ft . AE flood Zone. House is a single family home, not a duplex. Carport and spacious storage. Room for a pool. Airport access and parking available for a membership/fee.

Last Agent to Sell the Property

Rose Dell

Coldwell Banker Schmitt RE Co. Listed on: 11/05/2019

Last Buyer's Agent

Rose Dell

ROSE DELL & ASSOCIATES

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,322

Year Built

  • Built in 1994

Lot Details

  • 0.27 Acre Lot
  • Home fronts a canal
  • Property is zoned IS - Improved Subivision District

Property Views

  • Ocean
  • Canal

Home Design

  • Frame Construction
  • Metal Roof
  • HardiePlank Siding

Interior Spaces

  • 3,651 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Awning
  • Shutters
  • Blinds
  • Single Hung Windows
  • French Doors
  • Sliding Doors
  • Storage
  • Complete Roll Down Shutters

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets

Flooring

  • Tile
  • Terrazzo

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Maid or Guest Quarters

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • RV or Boat Parking

Outdoor Features

  • Outdoor Shower
  • Airstrip
  • Davits
  • Seawall
  • Boat Lift
  • Screened Balcony
  • Outdoor Storage

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • Property has a Home Owners Association
  • Summerland Key Cove Subdivision
  • Rental Restrictions
  • RV Parking in Community

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00192740-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,322

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: Yes
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • 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: Airstrip
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 8322.32
  • Title: Title Ins - Buyer
  • Vehicle Storage: Attached, RV Parking Open, Garage, Carport, Covered Parking
  • Year Built: 1994
  • Alternate Key Number: 1254631
  • Building Style Stilt Column Height: Tall - 10Ft & Over
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s), Heat, Central Air
  • Lot Sq Ft: 11800.00
  • Porch Balcony: Open Porch/Balcony, Screened P/B
  • Shutters: Bahama, Roll Down Manual, Panel
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 3651.00
  • Specialty Rooms Guest Servant Qtrs: Legal
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Split Bedroom, Window Treatments, Storage, Granite Counter Top, Cathedral Ceilings, Drapes/Blinds Incl
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Oven, Refrigerator, Range, Microwave, Dryer
  • Floor: Terrazzo, Tile
  • Half Bathrooms: 1
  • Windows/Doors: Awning Windows, Single Hung Windows, Sliding Glass Doors, French Doors
  • Total Bedrooms: 5

Exterior Features

  • Dockage: Boat Lift, Davits
  • Waterfront: Canal Front, Open Water
  • Waterfront: Yes
  • Construction: CBS, Hardi Board Siding, Frame
  • Exterior Features: Outdoor Shower, Storage
  • Roof: Metal Roof
  • Waterview: Canal View, Ocean View
  • Pool: No

Utilities

  • Utilities: Buyer to Verify, Municipal Sewer, FKAA, Cable Available

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00192740-000000
  • Lot Size: 100 X 118
  • Land Size: More than 1 Lot

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2019

Multi Family

  • Total Units: 1.00

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2000
Sold by
Brown Roger K and Brown Terese A
Bought by
Chung Alan and Redsecker Elisabeth
Current Estimated Value
$2,123,011

Purchase Details

Closed on
Feb 1, 1994
Bought by
Chung Alan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Chung Alan $850,000 --
Chung Alan $230,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2020 06/29/20 Sold $1,133,000 -16.0% $310 / Sq Ft
05/16/2020 05/16/20 Pending -- -- --
01/22/2020 01/22/20 Price Changed $1,349,500 -3.6% $370 / Sq Ft
11/05/2019 11/05/19 For Sale $1,399,500 -- $383 / 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 $11,719 $1,505,454 $891,466 $613,988
2024 $11,197 $1,383,663 $753,694 $629,969
2023 $11,197 $1,435,823 $818,528 $617,295
2022 $9,861 $1,222,259 $632,131 $590,128
2021 $8,960 $903,893 $362,665 $541,228
2020 $9,126 $927,364 $443,326 $484,038
2019 $8,322 $822,524 $393,778 $428,746
2018 $8,702 $839,142 $417,248 $421,894
2017 $8,634 $848,458 $0 $0
2016 $8,090 $758,836 $0 $0
2015 $8,372 $820,904 $0 $0
2014 $7,669 $658,862 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Rose Dell

    Coldwell Banker Schmitt RE Co.

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 588063

Florida Keys Board of REALTORS®

APN: 00192740-000000

Florida Monroe County Summerland Key 33042

586 Caribbean Dr E, Summerland Key, FL

Not Listed for Sale

Detached

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