NOT LISTED FOR SALE

716 Caribbean Dr E Summerland Key, FL 33042

Estimated Value: $1,057,000 - $1,228,000

2 Beds
2 Baths
1,368 Sq Ft
$837/Sq Ft Est. Value

Last Sold June 26, 2023

Last sale price $1,099,000 $803 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $6,667/month

4 Days on Market

Highlights

  • Airstrip
  • RV Parking in Community
  • Granite Countertops
  • RV or Boat Parking
  • Home fronts a canal
  • Stainless Steel Appliances

About This Home

As of June 2023

A FABULOUS REMODEL complete with a custom dream kitchen. Z-Line 6 burner gas stove, double ovens, steamer drawer, and microwave to accommodate all your cooking desires! You'll love the coffee and wine bar plus two 2 granite counter tops with ample seating for entertaining. Come plant yourself in the heart of Summerland Key Cove where you can be on open water in minutes (Atlantic) or enjoy the sand bars of the Gulf. This elevated concrete block house has extra features including a tray ceiling in the living room with colored lighting and an exterior elevator/lift. Owner is a Licensed Real Estate Agent. (Sorry, the TV does not convey).Metal roof installed in 2018; AC in 2019, walk around balcony and storage downstairs. This property sits on an the emerald green flow through canal and overlooks the exclusive homes of Cruikshank Isle. What a dream that you can enjoy now without all the hassle of remodeling.

Last Agent to Sell the Property

Donna Pezzi

Keller Williams Key West Compass Realty License #3226338 Listed on: 05/09/2023

Keller Williams Key West Compass Realty

Last Buyer's Agent

Solaris Gregory

Expert Realty LLC (HQ) License #3445338

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,199

Year Built

  • Built in 1983 | Remodeled

Lot Details

  • 7,500 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned IS - Improved Subivision District

HOA Fees

  • $2 Monthly HOA Fees

Home Design

  • Metal Roof

Interior Spaces

  • 1,368 Sq Ft Home
  • Bar
  • Tray Ceiling
  • Ceiling Fan
  • Window Treatments
  • Storage
  • Tile Flooring
  • Canal Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Car Garage
  • Guest Parking
  • Open Parking
  • RV or Boat Parking

Accessible Home Design

  • Accessible Elevator Installed
  • Handicap Accessible

Outdoor Features

  • Airstrip
  • Davits
  • Seawall
  • Shed

Utilities

  • Central Air
  • Propane
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • Association fees include common area mnt
  • Summerland Key Cove Subdivision
  • Rental Restrictions
  • RV Parking in Community

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00192350-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,199

Year Built

Built in 1983 | Remodeled

Lot Details

0

HOA Fees

$2 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 25.00
  • Mandatory HOA: No
  • Voluntary HOA: Yes
  • Dockage Seawall: Concrete
  • Fee Includes: Common Area Mnt, Other
  • Handicap Access: Yes
  • 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
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 7199.09
  • Title: Title Ins - Buyer
  • Vehicle Storage: Garage, RV Parking Open, Covered Parking, Trailer Storage, Guest Parking, Open Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1983
  • Alternate Key Number: 1254231
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 7500.00
  • Association Maintenance Fee Per: Yearly
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1368.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Granite Counter Top, Tray Ceilings, Bar, Window Treatments, Walk-in Closet(s), Storage, Elevator
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Disposal, Microwave, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Total Bedrooms: 2
  • Accessibility Features: Accessible Elevator Installed

Exterior Features

  • Dockage: Davits, Davit Pads
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Shed
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: FKAA, Cable Available, Propane, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE-11
  • Parcel Number: 00192350-000000
  • Lot Size: 60' x 125'
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.17

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2023
Closed on
Jun 26, 2023
Sold by
Hood Steven Michael and Hood Susanne C
Bought by
Versaw Properties Llc
Seller's Agent
Donna Pezzi
Keller Williams Key West Compass Realty
Buyer's Agent
Solaris Gregory
Expert Realty LLC (HQ)
List Price
$1,099,000
Sold Price
$1,099,000
Views
27
Current Estimated Value
$1,144,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,966
Avg. Annual Appreciation
1.77%
Original Mortgage
$525,000
Outstanding Balance
$511,518
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$633,448

Purchase Details

Listed on
Mar 27, 2021
Closed on
May 27, 2021
Sold by
Pierce Paula and Meadows Donald
Bought by
Hood Steven Michael and Hood Susanne C
Seller's Agent
Donna Pezzi
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Steve Hood
LoKation Real Estate
List Price
$650,000
Sold Price
$655,000
Premium/Discount to List
$5,000
0.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.25%
Original Mortgage
$540,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 1982
Bought by
Payne Inez W

Purchase Details

Closed on
Sep 1, 1980
Bought by
Payne Inez W

Purchase Details

Closed on
Oct 1, 1979
Bought by
Payne Inez W
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
Versaw Properties Llc $1,099,000 None Listed On Document
Hood Steven Michael $655,000 Attorney
Payne Inez W $27,500 --
Payne Inez W $21,000 --
Payne Inez W $16,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Versaw Properties Llc $525,000
Previous Owner Hood Steven Michael $540,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/26/2023 06/26/23 Sold $1,099,000 0.0% $803 / Sq Ft
05/09/2023 05/09/23 For Sale $1,099,000 +67.8% $803 / Sq Ft
05/27/2021 05/27/21 Sold $655,000 +0.8% $479 / Sq Ft View Prior Sale
04/17/2021 04/17/21 For Sale $650,000 -0.8% $475 / Sq Ft
04/15/2021 04/15/21 Pending -- -- --
03/30/2021 03/30/21 Off Market $655,000 -- --
03/27/2021 03/27/21 For Sale $650,000 -- $475 / Sq Ft
Source: Marathon and Lower Keys Association 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 $8,066 $927,986 $606,825 $321,161
2023 $8,066 $945,076 $659,025 $286,051
2022 $7,199 $795,784 $508,950 $286,834
2021 $2,359 $254,367 $0 $0
2020 $2,342 $250,856 $0 $0
2019 $2,294 $245,217 $0 $0
2018 $2,297 $240,645 $0 $0
2017 $2,227 $235,696 $0 $0
2016 $2,237 $230,849 $0 $0
2015 $2,304 $229,244 $0 $0
2014 $2,369 $227,425 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Donna Pezzi

    Seller's Agent in 2023

    Donna Pezzi

    Keller Williams Key West Compass Realty

    (305) 304-2602

    159 Total Sales

    Donna Pezzi
    Section Image
  • Solaris Gregory

    Buyer's Agent in 2023

    Solaris Gregory

    Expert Realty LLC (HQ)

    (305) 394-3442

    89 Total Sales

    Solaris Gregory
    Section Image
  • Steve Hood

    Buyer's Agent in 2021

    Steve Hood

    LoKation Real Estate

    (717) 339-8953

    7 Total Sales

    Steve Hood
    Section Image
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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 605240

APN: 00192350-000000

Florida Monroe County Summerland Key 33042

716 Caribbean Dr E, Summerland Key, FL

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