481 East Shore Drive

Summerland Key, FL 33042

$5,500,000
Price
3
Beds
3
Baths
2,088 Sq. Ft.
$2,634 / Sq. Ft.
2,088
Sq. Ft.
$2,634
per Sq. Ft.

Description

Exceptional Investment Opportunity in the Lower Florida Keys! Owner and private financing are available. This is one of the very few vacation rental properties licensed for daily, weekly, or monthly rentals. Boasting an impressive occupancy rate and generating up to $400,000 annually, this property offers stress-free, passive income in Summerland Key, a premier location. Discover a rare gem in the heart of the Lower Keys! Recently remodeled to perfection, this luxurious three-bedroom beach house...Exceptional Investment Opportunity in the Lower Florida Keys! Owner and private financing are available. This is one of the very few vacation rental properties licensed for daily, weekly, or monthly rentals. Boasting an impressive occupancy rate and generating up to $400,000 annually, this property offers stress-free, passive income in Summerland Key, a premier location. Discover a rare gem in the heart of the Lower Keys! Recently remodeled to perfection, this luxurious three-bedroom beach house includes a sunroom with a palatial ocean view, currently used as a fourth bedroom. Just 20 miles from vibrant Key West, this coastal retreat features a private natural beach, breathtaking ocean views, and access to a private airport for island residents less than two blocks from the property. Don't miss this unparalleled investment opportunity!
  1. Listed by Mariana Zaleska-Montadas • Berkshire Hathaway HomeServices Keys Real Estate

Property Details for 481 East Shore Drive

Waterfront
Oceanfront
Waterfront
Yes
Zoning
IS - Improved Subivision District
Subdivision
Summerland Estates (25.0)
Vehicle Storage
Off Street Parking
Pets
Pets Allowed
LISTING UPDATED: 12/16/2024 09:18 PM

Property Details for 481 East Shore Drive

StatusActive
MLS #612707
Days on Market6
Taxes$16,379 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family
Year Built1992
Lot Size0.84 AC / 36,745 SF
CountyMonroe County

Building Information for 481 East Shore Drive

Stories-Year Built1992Building Size-Lot Size0.84 AC / 36,745 SF

Property Information for 481 East Shore Drive

Summary
Location and General Information
  • Waterview: Ocean View, Open Water View
  • Area: 08 - Summerland Key
  • Absolute Longitude: 81.436823
  • Control Depth: 6
  • Off Shore Island: No
  • Listing Board: Marathon/Lower Keys
  • Side: Ocean
  • Mile Marker: 25.0
  • Marathon Neighborhood: N/A
  • Key/Island: Summerland Key
Owner
  • Owner Name: Eduardo A Montadas
Taxes and HOA Information
  • Association Info: Mandatory Home Owners Asc: No
  • Association Info: 1st Right of Refusal: No
  • Fee Includes: None
  • Furnished: Furnished
  • Tax Year: 2023
  • Tax Exemptions: None
Property
Lot Information
  • Parcel #: 00200600-000000
  • Land Size: More than 1 Lot
Property and Assessments
  • Legal: SUMMERLAND ESTATES SUMMERLAND KEY
  • MLS Approved: Y
  • Limited Representation: No
  • SqFt Source: Property Data Card
  • Flood Zone: AE,AE,AE,VE
  • Rentals Allowed: Yes
  • Deed Restrictions: No
  • Picture Count: 56
  • Document Count: 0
  • Building Style: Above Flood: Yes
  • Title: Negotiable
Utilities
  • Utilities: FKAA, Municipal Sewer
  • Pub Sewer HkUp: Yes
  • Species List: Yes
  • Pool: Yes
  • Handicap Access: No
  • Pool Info: In Ground, Fiberglass, Salt Water
Interior and Exterior Features
Interior Features
  • Floor: Tile, Marble, Wood
  • Appliances: Washer, Stainless Steel Appliance(s), Disposal, Microwave, Refrigerator, Dishwasher, Dryer
Exterior Features
  • Roof: Tile Roof
  • Shutters: Accordion, Panel
  • Dockage: Dock Length: 180
  • Construction: CBS
  • Windows/Doors: Sliding Glass Doors

Property History for 481 East Shore Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 481 East Shore Drive

Taxable ValueLand$1,582,335Additions$578,148Total$2,160,483
Tax Record2023$16,379 ($1,365 / month)
Home Facts
Beds3Baths3.5Total Finished SqFt2,088 SqFtAbove Grade Finished SqFt2,088 SqFtStories3Lot Size46,747 SqFtStyleSingle Family ResidenceYear Built1992Year Renovated2015CountyMONROEAPN00200600-000000

Schools near 481 East Shore Drive

This home is within Monroe.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 6 to 12
Charter - PK to 5
Charter - K to 8
Rating
School
Distance
Sugarloaf School
PublicPK to 8

Big Pine Academy
CharterPK to 5

Sigsbee Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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481 East Shore Drive is a single family home for sale in Summerland Key, FL 33042. This property was listed for sale on December 15, 2024 by Berkshire Hathaway HomeServices Keys Real Estate, it's currently listed at $5,500,000. It has been on the market for a total of 6 days and was last sold on April 29, 2016. This listing's school district is Monroe. Nearby schools include Sugarloaf School, Lower Keys Academic Connections for Excellence and Big Pine Academy. 481 East Shore Drive is a 3-bed, 3-bath, 2,088 sqft single family home built in 1992.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Berkshire Hathaway HomeServices Keys Real Estate

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.