$796,200
SOLD MAR 11, 2025

Summer Sea Condominiums 88500 Overseas Hwy Unit 502 Tavernier, FL 33070

3 Beds
2 Baths
1,567 Sq Ft
$1,550/mo HOA Fee

Recently Sold

$508 Per Sq Ft

16% Below List Price

208 Days on Market

Highlights

  • Ocean View
  • Boat Ramp
  • Beach
  • Plantation Key School Rated A-
  • Dock Facilities
  • 1-minute walk to Indian Key

About This Home

As of March 2025

Island Life Awaits...Islamorada Getaway and great investment property allowing weekly rentals. Unique penthouse condo features a spacious private rooftop deck offering views of both the Ocean and the Gulf. Plus, you'll have your own deeded covered parking spot. Beautifully remodeled, 3/2 and beautifully furnished! Fantastic layout - 1567sq ft of living space all on one level.The Summer Sea is pet friendly and offers first-come dockage to 26' OA. Bayside pool, spa, sunset beach, party room, gym, billiard room, storage and so much more.Some ocean views from almost every room. Above the unit is a private rooftop lounge with covered wet bar perfect for entertaining or just chilling while you soak in the views. Ideal for sunrise and sunset lovers. Prime Location: Situated close to Founder's Park, shops, and restaurants, you'll have the best of Islamorada at your fingertips. This penthouse condo is not just a home; it's a lifestyle. Don't miss your chance to own a piece of paradise in one of the most sought-after destinations in the world. Schedule your private tour today and prepare to be captivated by the natural beauty of this incredible property!

Last Agent to Sell the Property

Terry Canto

American Caribbean Real Estate, Christie's International Real Estate License #626852 Listed on: 07/01/2024

Last Buyer's Agent

Claudette Mell

Berkshire Hathaway HomeServices Keys Real Estate - Islamorada License #3015412

Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,940

Year Built

  • Built in 1976 | Remodeled

Lot Details

  • Sandy Beach

HOA Fees

  • $1,550 Monthly HOA Fees

Home Design

  • Concrete Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 1,567 Sq Ft Home
  • 5-Story Property
  • Furnished
  • Bar
  • Ceiling Fan
  • Sliding Doors
  • Loft
  • Storage
  • Home Gym
  • Tile Flooring

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Covered Parking
  • Electric Gate
  • Guest Parking
  • Open Parking
  • Assigned Parking

Pool

  • In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • First Come-First Served Dock
  • Boat Ramp
  • Dock Facilities
  • Lanai
  • Exterior Lighting
  • Outdoor Storage
  • Tiki or Chickee Hut

Utilities

  • Central Air
  • Public Hookup Available For Sewer
  • Community Sewer or Septic
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00414510-011400

Community Details

Overview

  • Association fees include cable, security, common area mnt, building insurance, bldg exterior mnt, water, exterminating, sewer
  • 122 Units
  • Summer Sea Subdivision

Amenities

Recreation

  • Boat Ramp
  • Beach

Pet Policy

  • Pets Allowed

Security

  • Building Security
  • Complete Accordion Shutters
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,940

Year Built

Built in 1976 | Remodeled

Lot Details

0

HOA Fees

$1,550 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 1550.00
  • Mandatory HOA: Yes
  • Control Depth: 3
  • Dockage Dock Length: 26
  • Document Count: 2
  • Fee Includes: Cable, Security, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Water, Exterminating, Sewer
  • Key Island: Plantation Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 88.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Beach, Clubhouse, Community Boat Ramp, Community Dockage
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 6939.87
  • Vehicle Storage: Assigned Parking, Covered Parking, Guest Parking, Open Parking
  • Year Built: 1976
  • Alternate Key Number: 1509876
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Pool Info: In Ground
  • Porch Balcony: Open Porch/Balcony, Roof Top Deck
  • Association Maintenance Fee Per: Monthly
  • Shutters: Accordion
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 5 Stories
  • Estimated Living Sq Ft: 1567.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Unit Complex: Complex
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Interior Amenities: Split Bedroom, Bar, Granite Counter Top, Storage, Smoke Alarms, Elevator
  • Floor Number: 5.00
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Specialty Rooms: Gym, Loft
  • Windows/Doors: Sliding Glass Doors
  • Total Bedrooms: 3
  • Sq Ft Remarks: does not include rooftop deck or balcony

Exterior Features

  • Dockage: Dock Privileges, Boat Ramp, First Come Dock
  • Waterfront: Bay Front, None
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Chickee Hut, Storage, Sandy Beach, Outdoor Shower, Lanai, Lighting, Hot Tub
  • Roof: Concrete Roof
  • Waterview: Ocean View
  • Pool: Yes

Utilities

  • Security: Electric Gate, Secured Building
  • Utilities: FKAA, Cable Available, Municipal Sewer, Community Swr Plant

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE,VE,0.2 PCT ANN
  • Parcel Number: 00414510-011400
  • Land Size: 2 Less Than 5 Acres

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

Multi Family

  • Total Units: 122.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2024
Closed on
Mar 11, 2025
Sold by
Valfridsson Jesper Ake and Bergaoui Jean Pierre
Bought by
Jordan Nathan R and Jordan Amanda R
Seller's Agent
Terry Canto
American Caribbean Real Estate, Christie's International Real Estate
Buyer's Agent
Claudette Mell
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
List Price
$949,000
Sold Price
$796,200
Premium/Discount to List
-$152,800
-16.1%
Views
47
Current Estimated Value
$805,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,717
Avg. Annual Appreciation
2.27%

Purchase Details

Closed on
Feb 3, 2022
Sold by
Palm Largo 119 Llc
Bought by
Valfridsson Jesper Ake and Bergaoui Jean Pierre

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2021
Sold by
Wilhelm Kevin S and Wilhelm Melissa L
Bought by
Palm Largo 119 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2016
Sold by
Ward Kathryn Chesser
Bought by
Wilhelm Kevin S and Wilhelm Melissa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2013
Sold by
Ward Kathryn Chesser
Bought by
Ward Kathryn Chesser and James Theron & Kathryn Chesser Ward Revo

Purchase Details

Closed on
Nov 19, 2001
Sold by
James T Ward M
Bought by
Ward James T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 1997
Sold by
Cammack John W and Cammack M
Bought by
Ward James T and Ward Kathryn C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 1993
Bought by
Wilhelm Kevin S and Wilhelm Melissa L

Purchase Details

Closed on
Aug 1, 1988
Bought by
Wilhelm Kevin S and Wilhelm Melissa L

Purchase Details

Closed on
Dec 1, 1980
Bought by
Wilhelm Kevin S and Wilhelm Melissa 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 Type Sale Price Title Company
Warranty Deed $796,200 Coral Reef Title
Warranty Deed $796,200 Coral Reef Title
Warranty Deed $800,000 New Title Company Name
Warranty Deed $700,000 Coastal Ttl & Closing Svcs I
Warranty Deed $525,000 Title Guaranty South Fl Inc
Interfamily Deed Transfer -- Attorney
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed -- --
Warranty Deed $180,000 --
Warranty Deed $145,000 --
Warranty Deed $165,000 --
Warranty Deed $130,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $170,000 New Conventional
Previous Owner $470,000 New Conventional
Previous Owner $250,000 New Conventional
Previous Owner $93,000 New Conventional
Previous Owner $90,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2025 03/11/25 Sold $796,200 -11.4% $508 / Sq Ft
01/25/2025 01/25/25 Pending -- -- --
12/05/2024 12/05/24 Price Changed $899,000 -2.8% $574 / Sq Ft
09/12/2024 09/12/24 Price Changed $925,000 -2.5% $590 / Sq Ft
07/01/2024 07/01/24 For Sale $949,000 -- $606 / 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 $6,940 $742,773 -- $742,773
2023 $6,940 $707,197 $0 $707,197
2022 $6,131 $611,952 $0 $611,952
2021 $4,542 $418,062 $0 $418,062
2020 $4,691 $431,716 $0 $431,716
2019 $4,534 $407,138 $0 $407,138
2018 $4,521 $407,138 $0 $0
2017 $4,481 $411,523 $0 $0
2016 $2,226 $208,845 $0 $0
2015 $2,181 $207,393 $0 $0
2014 $2,186 $205,747 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 610616

Florida Keys Board of REALTORS®

APN: 00414510-011400