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$5,900,000   Price Analysis
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220 E Caribbean Dr
Summerland Key, FL 33042
5 bed 7 bath 4,981 SqFt ($1184/SqFt)
9,000SqFt lot. Built 2023
Listed 2022-07-17, Taxes $6,587
Ⓧ USDA Ineligible
due to price & location

near Summerland Key

Impressive luxury oceanfront home located in one of Summerland Keys' most desirable neighborhoods is a masterpiece in the making.

* Has Contingent Offer *

Boasting the ultimate southern ocean view, this colossal 6, 128 SQ FT home is currently under construction and is constructed entirely of concrete. Designed with the entertainer in mind, this home offers a vast living area located on the 3rd floor that accentuates the exceptional ocean view. The expansive floor plan encompasses five mster ensuite's, a private home theater and a private office overlooking the Atlantic Ocean. The home's 3rd floor infinite edge pool and spa provide the ultimate relaxation spot, where you can enjoy serene evening sunsets. With 90' of ocean frontage, you will have plenty of room to park your yacht and flats boat with a 24, 000LB boat lift and a 10, 000LB boat lift, providing immediate access to the Atlantic or Gulf of Mexico for world-class fishing.

Summerland Key is conveniently located between Marathon Key and Key West and a short boat ride to Looe Key Coral Reef for incredible snorkeling and scuba diving. The sandy beaches of Bahia Honda State Park are minutes away. Summerland Key is one of the unique islands in the Florida Keys to have its own private airstrip.This modern oceanfront home is designed to the 2020 FLA Building Code with 180MPH wind load. The property is currently under construction and authorized personnel are allowed to enter the job site. Owning a place in paradise is a dream for many and this luxury oceanfront home offers the perfect opportunity to make that dream a reality. With its impressive design, stunning ocean views and convenient location, this home is sure to impress. Contact the listing agent for more details on this spectacular property.


Presented by Stacy Shahan | Island Real Estate Co. at
Island Real Estate Company Florida Keys.
Listing Agent Photo

Property MLS #601840 from Marathon

Bedrooms: 5

Total Bathrooms: 7.00
Full Bathrooms: 5
1/2 Bathrooms: 2

Wet Bar
Lobby
Tray Ceilings
Walk-in Closet(s)
Storage
Pantry
Flooring: Concrete
Window Features: Impact Rstnce Window, Impact Rstnce Doors

Dishwasher
Microwave
Oven
Range
Refrigerator

Cooling Features: Central Air

Pool Features: 3rd floor pool

Oceanfront

Lot Size Acres: 0.2066116
Lot Size Dimensions: 90 x 100
Lot Size Square Feet: 9000

Garage Description: Garage

View: Ocean View

Porch Description: Open Porch/Balcony

Association: No
Calculated Total Monthly Association Fees: 0
Pet Description: Pets Allowed

Lease Term: Min Rental Days: 28.00

Community Features: Airstrip, Bike Paths

Annual Tax Amount: 6587.00
Source Listing Status: Contingent
County: Monroe
Directions: MM 24 - 220 Caribbean Drive E.
Tax Year: 2022
Source Property Type: Residential - Single Family
Area: 08 - Summerland Key
Source Neighborhood: Summerland Key Cove (25.0)
Parcel Number: 00193070-000100
Subdivision: Summerland Key Cove (25.0)
Zoning: IS - Improved Subivision
Property Subtype: Single Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$9,294 + $766,935
$776,229
$6,587
2021$29,554 + $368,550
$398,104
$3,630

Price Changed 2023-01-17
$5,900,000
Marathon
Listed 2022-07-17
$8,000,000
Marathon
Sold 2021-11-05
$912,000
Public Record

Total Square Feet Living: 4981
Year Built: 2023
Construction Materials: CBS, Concrete
Living Area Source: Blue Print
New Construction: Yes
Property Age: 1
Property Condition: Under Construction
Roof: Concrete Roof

FKAA
Water Separate Meter
Elect Separate Meter
Buyer to Verify
Municipal Sewer
Cistern

Sugarloaf School is a public elementary and middle school located approximately 5.1 miles away.
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Key West High School is a public middle and high school located approximately 21.8 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.