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Sold for $5,000,000
  • $5,000,000

    1046 Flagship Dr, Summerland Key, FL 33042

    4beds
    3,208sqft
    Single Family Residence
    Built in 2001
    0.26 Acres Lot
    $5,023,600 Zestimate®
    $1,559/sqft
    $-- Estimated rent

    Home value

    $5,023,600

    $4.52M - $5.63M

    Not available

    Zestimate® history
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    What's special

    Ocean breezesResort-style poolTwo boat liftsRefined finishes throughoutSpacious two-car garageThree additional bedroomsSpectacular turquoise water views
    Experience the PINNACLE of luxury waterfront living at this exceptional oceanfront residence on prestigious Flagship Drive. Completely reimagined with uncompromising attention to detail, this exquisite 4-bedroom, 3.5-bath home blends sophisticated design with the relaxed elegance of the Florida Keys. From the moment you enter, you'll be captivated by the expansive open-concept floor plan, breathtaking ocean views, and refined finishes throughout. Oversized 41-inch porcelain tile flooring, designer lighting, premium fixtures, and custom craftsmanship create a timeless, contemporary aesthetic that complements the stunning waterfront setting. The chef-inspired kitchen flows seamlessly into the spacious living area, making it ideal for both everyday living and entertaining. Walls of glass invite natural light while framing spectacular turquoise water views. The luxurious primary suite serves as a private retreat with serene ocean vistas and a beautifully appointed spa-inspired bath. Three additional bedrooms and office provide comfortable accommodations for family and guests. Outdoor living is equally impressive. Multiple covered terraces offer the perfect place to relax while enjoying ocean breezes and unforgettable sunsets. The resort-style pool is complemented by a charming tiki hut, creating an inviting setting for entertaining or unwinding after a day on the water. Boaters will appreciate the exceptional dockage featuring two boat lifts, providing convenient access to the Atlantic Ocean for world-class fishing, diving, and boating. A spacious two-car garage offers ample room for vehicles, storage, and recreational gear. Perfectly positioned in one of the Lower Keys most desirable waterfront communities, this remarkable residence delivers an extraordinary combination of luxury, location, and the ultimate Florida Keys lifestyle. Every detail has been thoughtfully curated, creating a move-in-ready waterfront masterpiece that is as elegant as it is in

    Zillow last checked:

    Listing updated:

    Listed by:

    Donna Pezzi 305-304-2602,

    Keller Williams Key West Compass Realty

    Bought with:

    Donna Pezzi, 3226338

    Keller Williams Key West Compass Realty

    Source: FLKMLS,MLS#: 620606MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Microwave, Water Softener, Disposal, Stainless Steel Appliance(s)
    Interior area
    • Total structure area: 3,208
    • Total interior livable area: 3,208 sqft

    Property

    Features
    • Has private pool: Yes
    • Pool features: In Ground, Fiberglass, Decked
    • On waterfront: Yes
    Lot
    • Size: 0.26 Acres
    • Dimensions: 80 X 120
    Details
    • Parcel number: 00198931001400
    • Zoning: IS - Improved Subivision District

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Combo Construction, Hardi Board Siding
    Condition
    • Year built: 2001

    Community & HOA

    Community
    • Subdivision: Summerland Cove Isle (25.5)
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Summerland Key

    Financial & listing details

    • Price per square foot: $1,559/sqft
    • Tax assessed value: $3,265,567
    • Annual tax amount: $25,300
    • Date on market: 7/12/2026

    Price history

    DateEventPrice
    9/1/2026Sold$5,000,000-3.8%$1,559/sqft
    Source: FLKMLS #620606 Report a problem
    8/4/2026Contingent$5,200,000$1,621/sqft
    Source: Key West AOR #620606 Report a problem
    7/12/2026Listed for sale$5,200,000+136.4%$1,621/sqft
    Source: FLKMLS #620606 Report a problem
    8/6/2019Sold$2,200,000+700%$686/sqft
    Source: FLKMLS #586845 Report a problem
    7/30/1999Sold$275,000$86/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$25,300 +4%$2,598,264 +10%
    2024$24,322 +13.2%$2,362,058 +10%
    2023$21,481 +16.2%$2,147,325 +10%
    2022$18,491 +9.4%$1,952,114 +10%
    2021$16,901 -0.9%$1,774,649 +0.1%
    2020$17,052 $1,772,823 +103.5%
    2019$17,052 +103.1%$871,302 +1.9%
    2018$8,395 -0.8%$855,056 +2.1%
    2017$8,461 +2.9%$837,470 +2.1%
    2016$8,225 -0.8%$820,245 +0.7%
    2015$8,288 $814,543
    Find assessor info on the county website

    Neighborhood: 33042

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $5,023,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $5,023,600