NOT LISTED FOR SALE

827 Caribbean Dr E Summerland Key, FL 33042

Estimated Value: $1,148,000 - $1,454,000

3 Beds
3 Baths
1,861 Sq Ft
$687/Sq Ft Est. Value

Last Sold June 01, 2023

Last sale price $1,200,000 $645 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $7,331/month

99 Days on Market

About This Home

As of June 2023

3BD/3BA, Custom built, concrete, waterfront home on one of the best islands in the Lower Keys, Summerland Key. Known for its deep draft, flow through, crystal clear canal systems and minutes to the open waters of the Atlantic Ocean and Gulf of Mexico. Extra high covered parking is suitable for RV parking and the property is ready with hook up. The exterior is private with fences on both sides. Approximately 60' of concrete seawall and davits making for quick boating excursions. Your family will love the swimming spa which has been strapped down and storm ready. The interior was designed for guests with a ground level entrance, enclosed staircase and two separate wings featuring 1 bedroom and 1 bathroom on each side and separated by pocket doors from the interior living area of the home. The owner's suite is also separated by pocket doors allowing privacy for all three bedrooms. There is a large walk-in closet in the owner's suite and a built-in vanity. The large, unfinished loft above the kitchen can be finished for additional living space or used as a large storage area. Tile floors throughout the entire home are easy to care for and are super clean. The home is wired with CAT 5 wiring and has a Nest Thermostat and connected to Alexa. Loads of storage downstairs, great outdoor living spaces and walk around porches. Loft area is not included in the living square feet or in the bedroom count. Property is not available for showings from April 16th to April 22nd.

Last Agent to Sell the Property

Fred Mullins

Coldwell Banker Schmitt Real Estate Co. (KW) License #3048048 Listed on: 02/06/2023

Coldwell Banker Schmitt Real Estate Co. (KW)

Last Buyer's Agent

Patricia Nickless

Prudential Keyside Prop/BPK

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,624

Year Built

2001

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 Seawall: Concrete
  • Fee Includes: None
  • Handicap Access: 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: Other Area Features, Airstrip
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 6886.74
  • Title: Negotiable
  • Vehicle Storage: Carport, Covered Parking, Off Street Parking, Open Parking, Attached
  • Year Built: 2001
  • Alternate Key Number: 1254444
  • Building Style Stilt Column Height: Tall - 10Ft & Over
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 6000.00
  • Porch Balcony: Open Porch/Balcony
  • Shutters: Panel
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1861.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Built-in Cabinets, Quartz Countertops, Walk-in Closet(s), Storage, Security System, Entrance Foyer, Pantry, Split Bedroom
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Specialty Rooms: Laundry Room, Loft
  • Windows/Doors: Glass Doors, Sliding Glass Doors
  • Total Bedrooms: 3
  • Accessibility Features: None

Exterior Features

  • Dockage: Davits
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS, Combo Construction
  • Exterior Features: Fruit Tree(s), Storage, Outdoor Shower, Hot Tub
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Security: On Premises System
  • Utilities: FKAA, Cable Available, Municipal Sewer
  • Heating: Forced Air

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00192550-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2023
Closed on
Jun 1, 2023
Sold by
Patrick Walter Neal and Patrick Allison B
Bought by
Jones Nathaniel and Jones Marcia M
Seller's Agent
Fred Mullins
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Patricia Nickless
Prudential Keyside Prop/BPK
List Price
$1,300,000
Sold Price
$1,200,000
Premium/Discount to List
-$100,000
-7.69%
Views
53
Current Estimated Value
$1,279,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,303
Avg. Annual Appreciation
2.69%
Original Mortgage
$960,000
Outstanding Balance
$934,330
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$344,973

Purchase Details

Listed on
Aug 30, 2017
Closed on
Dec 18, 2017
Sold by
Babich Carrie L
Bought by
Patrick Walter Neal and Patrick Allison B
Seller's Agent
Tommy Mack
Coastal Collection Real Estate Inc.
Buyer's Agent
Fred Mullins
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$699,000
Sold Price
$669,000
Premium/Discount to List
-$30,000
-4.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.32%
Original Mortgage
$535,200
Interest Rate
3.93%

Purchase Details

Listed on
Feb 3, 2015
Closed on
Mar 30, 2015
Sold by
Wells Fargo Bank Na
Bought by
Babich Carrie L
Seller's Agent
Melva Borley
Sunshine State Realty Service
Buyer's Agent
Kathleen Fitzsimmons
Berkshire Hathaway HomeServices Keys Real Estate - Lower Keys
List Price
$579,900
Sold Price
$559,500
Premium/Discount to List
-$20,400
-3.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.84%

Purchase Details

Closed on
Apr 8, 2014
Sold by
Castro Oscar R and Castro Marcia S
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Aug 18, 1997
Sold by
Ricard Finley O
Bought by
Castro Oscar R and Castro Marcia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
7.65%

Purchase Details

Closed on
Jul 1, 1994
Bought by
Babich Carrie L

Purchase Details

Closed on
Apr 1, 1987
Bought by
Babich Carrie L
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Jones Nathaniel $1,200,000 None Listed On Document
Patrick Walter Neal $669,000 Attorney
Babich Carrie L $559,500 None Available
Wells Fargo Bank Na $390,800 Dataquick Title
Castro Oscar R $45,000 --
Babich Carrie L $70,000 --
Babich Carrie L $56,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Nathaniel $960,000
Previous Owner Castro Oscar R $535,200
Previous Owner Castro Oscar R $326,365
Previous Owner Castro Oscar R $275,000
Previous Owner Castro Oscar R $10,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/01/2023 06/01/23 Sold $1,200,000 -7.7% $645 / Sq Ft
05/16/2023 05/16/23 Pending -- -- --
02/06/2023 02/06/23 For Sale $1,300,000 +94.3% $699 / Sq Ft
12/19/2017 12/19/17 Sold $669,000 -4.3% $359 / Sq Ft View Prior Sale
11/21/2017 11/21/17 Pending -- -- --
08/30/2017 08/30/17 For Sale $699,000 +24.9% $376 / Sq Ft
04/08/2015 04/08/15 Sold $559,500 -3.5% $301 / Sq Ft View Prior Sale
02/19/2015 02/19/15 Pending -- -- --
02/03/2015 02/03/15 For Sale $579,900 -- $312 / Sq Ft
Source: Key West 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 $7,624 $738,897 -- --
2023 $7,624 $974,515 $606,000 $368,515
2022 $6,887 $840,906 $468,000 $372,906
2021 $6,190 $600,254 $268,500 $331,754
2020 $6,154 $590,570 $255,000 $335,570
2019 $5,795 $549,664 $226,500 $323,164
2018 $6,053 $561,484 $240,000 $321,484
2017 $5,612 $525,159 $0 $0
2016 $5,278 $470,516 $0 $0
2015 $5,934 $517,300 $0 $0
2014 $5,254 $430,330 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Fred Mullins

    Seller's Agent in 2023

    Fred Mullins

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 304-5341

    61 Total Sales

    Fred Mullins
    Section Image

  • P

    Buyer's Agent in 2023

    Patricia Nickless

    Prudential Keyside Prop/BPK

  • Patti Nickless

    Buyer's Agent in 2023

    Patti Nickless

    Coldwell Banker Schmitt Lower Keys (KW)

    (305) 304-6949

    201 Total Sales

    Patti Nickless
    Section Image
  • Tommy Mack

    Seller's Agent in 2017

    Tommy Mack

    Coastal Collection Real Estate Inc.

    (305) 731-7910

    228 Total Sales

    Tommy Mack
    Section Image
  • Melva Borley

    Seller's Agent in 2015

    Melva Borley

    Sunshine State Realty Service

    (305) 797-4324

    75 Total Sales

    Melva Borley
    Section Image

  • L

    Seller Co-Listing Agent in 2015

    Lena Mamone

    Sunshine State Realty Services

See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 604096

Key West Association of REALTORS®

APN: 00192550-000000

Florida Monroe County Summerland Key 33042

827 Caribbean Dr E, Summerland Key, FL

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