$725,000
SOLD MAY 9, 2016

951 Lagoon Dr Summerland Key, FL 33042

4 Beds
3 Baths
1,704 Sq Ft
8,080 Sq Ft Lot

Recently Sold

$425 Per Sq Ft

3% Below List Price

159 Days on Market

Highlights

  • Boat Lift
  • Marble Flooring
  • No HOA
  • Home fronts a canal
  • Furnished
  • Complete Roll Down Shutters

About This Home

As of May 2016

Room for the entire family, this 4 bedroom 3 bath home in beautiful Summerland Cove Isles has been beautiful renovated for that coastal cottage Caribbean flair. The open concept floor plan makes this home as casual as its tropical setting includes a stunning kitchen and bar area, custom cabinets and a quaint dining area. The home has a coastal cottage feel with cool pastel colors creating a relaxed and peaceful mood. The kitchen island provides a perfect spot for family gatherings and the adjacent family room and outdoor porch area. It has 80' of concrete seawall, with 2 boat lifts and sits on a deep, wide, flow through canal with quick access to both the Gulf of Mexico and the Atlantic Ocean.

Last Agent to Sell the Property

Fred Mullins

Coldwell Banker Schmitt Real Estate Co. (KW) License #3048048 Listed on: 11/18/2015

Coldwell Banker Schmitt Real Estate Co. (KW)

Last Buyer's Agent

Beata Sharpe

Coldwell Banker Schmitt Real Estate Co.

Property Details

Home Type

  • Modular Prefabricated Home

Est. Annual Taxes

  • $6,194

Year Built

  • Built in 1978

Lot Details

  • 8,080 Sq Ft Lot
  • Home fronts a canal

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,704 Sq Ft Home
  • Furnished
  • Bar
  • Ceiling Fan
  • Blinds
  • Single Hung Windows
  • French Doors
  • Sliding Doors
  • Storage
  • Canal Views

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Built-In or Custom Kitchen Cabinets

Flooring

  • Carpet
  • Laminate
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Complete Roll Down Shutters
  • Impact Glass
  • Fire and Smoke Detector

Parking

  • Attached Garage
  • Carport
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Boat Lift
  • Outdoor Storage

Utilities

  • Central Air
  • Heat Pump System
  • Propane
  • Septic Tank

Community Details

  • No Home Owners Association
  • Summerland Cove Isle Subdivision
  • The community has rules related to deed restrictions

Property Details

Home Type

Modular Prefabricated Home

Est. Annual Taxes

$6,194

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Control Depth: 4
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Summerland Key
  • K W Neighborhood: Outside of Key West
  • Limited Representation: No
  • Mile Marker: 24.50
  • M L S Identifier: 20060123165453488875000000
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 6194.47
  • Title: Negotiable
  • Vehicle Storage: Attached, Off Street Parking, Carport
  • Year Built: 1978
  • Alternate Key Number: 1261301
  • Building Style Stilt Column Height: LZVZI459X2Q
  • Cooling Heating: Ceiling Fans(s), Heat Pump, Central Air
  • Lot Sq Ft: 8080.00
  • Shutters: Roll Down Manual
  • Tax Exemptions: None
  • Estimated Living Sq Ft: 1704.00
  • Special Features: None
  • Property Sub Type: MobileManufactured

Interior Features

  • Interior Amenities: Bar, Smoke Alarms, Window Treatments, Storage, Split Bedroom, Other, Drapes/Blinds Incl, Built-in Cabinets
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Range, Refrigerator, Microwave, Freezer, Dryer
  • Floor: Carpet, Tile, Marble, Laminate
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Aluminum Windows, Single Hung Windows, Glass Doors, Impact Rstnce Window, French Doors
  • Total Bedrooms: 4

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Combo Construction, Modular, Frame
  • Exterior Features: Outdoor Shower, Storage
  • Roof: Combo Roof, Shingle Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Security: No Security
  • Utilities: FKAA, Propane, Septic Tank

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: AE
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.19

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2015
Closed on
May 9, 2016
Sold by
Daly Michael
Bought by
Worley Ray W and Worley Nancy E
Seller's Agent
Fred Mullins
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Beata Sharpe
Coldwell Banker Schmitt Real Estate Co.
List Price
$750,000
Sold Price
$725,000
Premium/Discount to List
-$25,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.87%

Purchase Details

Listed on
Jul 24, 2014
Closed on
Aug 15, 2014
Sold by
Mullins Fred G and Mullins Donna L
Bought by
Daly James Thomas
Seller's Agent
Fred Mullins
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Fred Mullins
Another Real Estate Company
List Price
$685,000
Sold Price
$656,000
Premium/Discount to List
-$29,000
-4.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.95%

Purchase Details

Closed on
Oct 13, 2003
Sold by
Adams Linda S
Bought by
Mullins Fred G and Mullins Donna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 1997
Sold by
Jackson Robert C and Boyle Cheri A
Bought by
Arlotta Pascal J and Roberson Linda S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,600
Interest Rate
7.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 1993
Bought by
Worley Ray W and Worley Nancy E

Purchase Details

Closed on
Dec 1, 1987
Bought by
Worley Ray W and Worley Nancy E

Purchase Details

Closed on
May 1, 1978
Bought by
Worley Ray W and Worley Nancy E
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 $725,000 None Available
Warranty Deed $656,000 True Title Agency Inc
Warranty Deed $490,000 True Title Agency Inc
Warranty Deed $217,000 --
Warranty Deed $210,000 --
Warranty Deed $150,000 --
Deed $52,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $355,000 Credit Line Revolving
Previous Owner $300,000 Purchase Money Mortgage
Previous Owner $250,000 New Conventional
Previous Owner $250,000 Unknown
Previous Owner $152,600 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2025 04/13/25 For Sale $1,599,900 +120.7% $939 / Sq Ft
05/09/2016 05/09/16 Sold $725,000 -3.3% $425 / Sq Ft
04/25/2016 04/25/16 Pending -- -- --
11/18/2015 11/18/15 For Sale $750,000 +14.3% $440 / Sq Ft
08/15/2014 08/15/14 Sold $656,000 -4.2% $385 / Sq Ft
08/05/2014 08/05/14 Pending -- -- --
07/24/2014 07/24/14 For Sale $685,000 -- $402 / 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 $8,805 $1,458,032 $1,085,952 $372,080
2023 $8,805 $1,148,076 $783,437 $364,639
2022 $7,673 $899,740 $529,402 $370,338
2021 $7,118 $703,591 $364,570 $339,021
2020 $6,584 $637,260 $349,056 $288,204
2019 $6,477 $623,233 $321,907 $301,326
2018 $6,512 $609,571 $306,394 $303,177
2017 $6,567 $621,222 $0 $0
2016 $5,870 $531,262 $0 $0
2015 $6,453 $568,605 $0 $0
2014 $4,517 $402,076 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 122427

Florida Keys Board of REALTORS®

APN: 00198932-004000