NOT LISTED FOR SALE

987 Ocean Dr Summerland Key, FL 33042

Estimated Value: $1,652,000 - $1,830,251

0.43 Acre
$4,141,861 Price per Acre
18,600 Sq Ft Lot

Last Sold March 09, 2020

Last sale price $700,000

Est. 145% increase in value since last sale

Current estimated payment $9,857/month

90 Days on Market

Highlights

  • Airstrip
  • Ocean Front
  • Dock made with wood

About This Lot

As of March 2020

MOTIVATED SELLER! A rare opportunity to build your ocean front estate in the prestigious Summerland Beach section of Summerland Key. ROGO Exempt Letter in hand. Enjoy magnificent open water views and beautiful sunrises from your private beach and dock. Great deep water and back country boating access. Fishing, snorkeling and diving are just minutes away. For pilots Summerland Key Cove Private Airstrip is available. Summerland is a 30 minute drive from both Marathon and Key West for shopping, a wide variety of restaurants, entertainment or a round of golf. 18,600 square foot lot with private beach and dockage. Property is being sold AS IS. Structure is heavily damaged, most likely a tear down. Dock requires repair. Connected to central sewer.County Sewer Assessment has been paid in full.

Last Agent to Sell the Property

Ruth Pasquale

Coldwell Banker Schmitt RE Co. Listed on: 10/10/2019

Last Buyer's Agent

Ruth Pasquale

Coldwell Banker Schmitt Real Estate Co.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,068

Lot Details

  • 0.43 Acre Lot
  • Ocean Front
  • Property is zoned IS - Improved Subivision District

Additional Features

  • Ocean Views
  • Electricity To Lot Line

Listing and Financial Details

  • Assessor Parcel Number 00197340-000000

Community Details

Overview

  • Summerland Beach Subdivision

Recreation

  • Airstrip
  • Dock made with wood

Property Details

Property Type

Land

Est. Annual Taxes

$6,068

Lot Details

0

Listing Details

  • Property Type: Lots and Land
  • As Is Right To Inspect: Yes
  • Control Depth: 4
  • Dockage Dock: Wood
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Summerland Key
  • K W Neighborhood: Outside of Key West
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 25.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Airstrip
  • Off Shore Island: No
  • Property Group I D: 19990816212131825981000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 6068.15
  • Title: Title Ins - Buyer
  • Alternate Key Number: 1258989
  • Lot Sq Ft: 18600.00
  • Species List: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Existing Utilities: Electric on Site, Water Line, Sewer
  • Miscellaneous Info Mobile Home Lot: No
  • Miscellaneous Info Rogo W Letter: Yes
  • R O G O Exempt: Yes
  • Tax Exemptions: None
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront: Oceanfront
  • Waterfront: Yes
  • Waterview: Ocean View

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE,AE
  • Parcel Number: 00197340-000000
  • Land Size: 1/4 - 1/2 Acre
  • Building Permit: No Permit

Tax Info

  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2019
Closed on
Mar 9, 2020
Sold by
Windswept 5 Inc
Bought by
Verderber John and Verderber Maria
Seller's Agent
Ruth Pasquale
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Ruth Pasquale
Coldwell Banker Schmitt RE Co.
List Price
$750,000
Sold Price
$700,000
Premium/Discount to List
-$50,000
-6.67%
Current Estimated Value
$1,713,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,013,751
Avg. Annual Appreciation
17.76%

Purchase Details

Listed on
Oct 10, 2019
Closed on
Feb 20, 2020
Sold by
Windswept 5 Inc
Bought by
Verderber John and Verderber Maria
Seller's Agent
Ruth Pasquale
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Ruth Pasquale
Coldwell Banker Schmitt RE Co.
List Price
$750,000
Sold Price
$700,000
Premium/Discount to List
-$50,000
-6.67%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Verderber John $700,000 New Title Company Name
Verderber John $700,000 New Title Company Name
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/09/2020 03/09/20 Sold $700,000 -6.7% --
01/08/2020 01/08/20 Pending -- -- --
10/10/2019 10/10/19 For Sale $750,000 -- --
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 $10,106 $1,866,669 $1,506,455 $360,214
2023 $10,106 $1,743,093 $1,421,540 $321,553
2022 $7,856 $1,099,921 $1,006,400 $93,521
2021 $6,645 $683,263 $597,550 $85,713
2020 $6,593 $671,036 $606,985 $64,051
2019 $6,404 $648,064 $581,808 $66,256
2018 $6,462 $636,074 $569,160 $66,914
2017 $8,331 $839,500 $0 $0
2016 $9,415 $925,747 $0 $0
2015 $11,911 $1,284,132 $0 $0
2014 $10,585 $963,514 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Ruth Pasquale

    Coldwell Banker Schmitt RE Co.

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 587709

Florida Keys Board of REALTORS®

APN: 00197340-000000

Florida Monroe County Summerland Key 33042

987 Ocean Dr, Summerland Key, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Keys Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes