$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

14% Below List Price

118 Days on Market

Highlights

  • Marina
  • Ocean View
  • Shared Dock
  • Plantation Key School Rated A-
  • Boat Ramp
  • 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.

Last Agent to Sell the Property

Maria Canto

American Caribbean Real Estate License #0626852 Listed on: 10/15/2024

Last Buyer's Agent

NON-MLS MEMBER

MAR NON MLS MEMBER License #SEF

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,940

Year Built

  • Built in 1976

HOA Fees

  • $1,550 Monthly HOA Fees

Home Design

  • Penthouse
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,567 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Dryer
  • Washer

Parking

  • 1 Attached Carport Space
  • 1 Car Parking Space
  • Assigned Parking

Outdoor Features

  • Shared Dock
  • Patio
  • Porch

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 00414510-011400

Community Details

Overview

  • Summer Sea Condos
  • Summer Sea Subdivision
  • 5-Story Property

Amenities

  • Community Barbecue Grill
  • Community Kitchen
  • Billiard Room
  • Community Center
  • Party Room
  • Laundry Facilities
  • Lobby
  • Interior Hall

Recreation

  • Boat Ramp
  • Community Playground

Pet Policy

  • Breed Restrictions

Security

  • Phone Entry

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,940

Year Built

Built in 1976

Lot Details

0

HOA Fees

$1,550 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1976
  • Property Sub Type: Condominium
  • Architectural Style: Penthouse
  • Carport Y N: Yes
  • Entry Level: 5
  • Road Frontage Type: Bay
  • Garage Yn: No
  • Horses: No
  • Inclusions: Community Boat Dock,Community Boat Ramp, Common Dock,Community Marina,Community Ramp,Dock Available
  • New Construction: No
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: SUMMER SEA
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Interior Hall, Lobby, First Floor Entry, Pantry, Split Bedroom
  • Accessibility Features: Accessible Elevator Installed
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Tile
  • Furnished: Furnished
  • Living Area: 1567
  • Possible Use: Primary
  • Stories: 5
  • Bedroom Features: Entry Level, Primary Bath Shower

Exterior Features

  • View: Ocean View, Other View
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony, Open Porch, Patio
  • Pool Private: No
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Summer Sea
  • Carport Spaces: 1
  • Covered Parking Spaces: 1
  • Parking Features: Attached Carport, 1 Space, Assigned, Covered

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Phone Entry

Condo/Co-op/Association

  • Association Fee: 1550
  • Amenities: Barbecue, Billiard Room, Boat Dock, Child Play Area, Clubhouse-Clubroom, Laundry, Community Room, Elevator(s), Exercise Room, Exterior Lighting, Heated Pool, Kitchen Facilities, Marina
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 00414510-011400
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6940

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 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
Maria Canto
American Caribbean Real Estate
Buyer's Agent
NON-MLS MEMBER
MAR NON MLS MEMBER
List Price
$925,000
Sold Price
$796,200
Premium/Discount to List
-$128,800
-13.92%
Views
34
Current Estimated Value
$810,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,445
Avg. Annual Appreciation
3.82%

Purchase Details

Listed on
Sep 18, 2021
Closed on
Feb 3, 2022
Sold by
Palm Largo 119 Llc
Bought by
Valfridsson Jesper Ake and Bergaoui Jean Pierre
Seller's Agent
Christy Hughes
Coldwell Banker Schmitt Real E
Buyer's Agent
Maria Canto
American Caribbean Real Estate
List Price
$850,000
Sold Price
$800,000
Premium/Discount to List
-$50,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.15%
Original Mortgage
$170,000
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 21, 2020
Closed on
Jun 16, 2021
Sold by
Wilhelm Kevin S and Wilhelm Melissa L
Bought by
Palm Largo 119 Llc
Seller's Agent
Cliff Glansen
FlatFee.com
Buyer's Agent
Christy Hughes
Moorings Realty, Inc
List Price
$699,000
Sold Price
$700,000
Premium/Discount to List
$1,000
0.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.20%
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

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Range of Values:

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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
02/10/2025 02/10/25 Pending -- -- --
12/05/2024 12/05/24 Price Changed $899,000 -2.8% $574 / Sq Ft
10/15/2024 10/15/24 For Sale $925,000 +15.6% $590 / Sq Ft
02/03/2022 02/03/22 Sold $800,000 -5.9% $511 / Sq Ft
09/18/2021 09/18/21 For Sale $850,000 +21.4% $542 / Sq Ft
06/15/2021 06/15/21 Sold $700,000 +0.1% $447 / Sq Ft
01/20/2021 01/20/21 For Sale $699,000 0.0% $446 / Sq Ft
01/12/2021 01/12/21 Pending -- -- --
12/21/2020 12/21/20 For Sale $699,000 -- $446 / Sq Ft
Source: MIAMI REALTORS® MLS

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: MIAMI REALTORS® MLS

MLS Number: A11676718

MIAMI REALTORS® MLS

APN: 00414510-011400