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Sold for $5,003,500
  • $5,003,500

    1151 Ocean Dr, Summerland Key, FL 33042

    5beds
    3,952sqft
    Single Family Residence
    Built in 2007
    0.81 Acres Lot
    $5,033,100 Zestimate®
    $1,266/sqft
    $8,149 Estimated rent

    Home value

    $5,033,100

    $4.43M - $5.74M

    $8,149/mo

    Zestimate® history
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    What's special

    Oceanfront estatePrivate boat basinTwo additional boat liftsPrivate beachLush tropical groundsVaulted ceilingsPrivate mooring buoy
    This luxe, oceanfront estate will be sold at Luxury AUCTION Without Reserve on December 4, 2025! List price for REFERENCE ONLY. Offered in co-op. with Platinum Luxury Auctions. Inquire for details.Trophy Oceanfront Estate in THE PRIME location on Ocean Dr Summerland Key - surrounded by multi million dollar estates favored by celebrities and business leaders. Fly in and boat out! Located in one of the most exclusive areas of the Florida Keys, this one-of-a-kind estate offers the ultimate blend of luxury, privacy, and unmatched boating access. Set on a beautifully landscaped 37,400 sq ft lot with 120 feet of direct oceanfront, this residence is a rare opportunity to own a property designed for discerning buyers who demand the best. Boaters will be captivated by the 120,000 lb yacht lift, capable of hosting up to a 75 ft vessel--an extraordinary find in the Keys. The estate also features a private mooring buoy, two additional boat lifts, and a private boat basin. With exclusive bay bottom rights, this is a true boater's paradise. Inside, the home boasts 5 bedrooms, 4 full baths, and 2 half baths. The spacious guest suite features a separate sitting area currently set up as a gym with a half bathroom, and a large bedroom with ensuite bathroom. The open-concept living area showcases vaulted ceilings, a chef's kitchen with high-end appliances, and seamless indoor-outdoor flow to a sprawling tiled patio. Enjoy breathtaking views of the Atlantic and Little Palm Island from the raised pool, spa, and covered bar area, perfect for entertaining in style. The estate also includes a private beach, desalination plant, and backup generator, ensuring complete self-sufficiency. Additional highlights: one-car garage, large storage space, circular drive, and lush tropical grounds that evoke a luxury resort. Fly into paradise at Summerland Key Community Airport for residents only - helicopter and small aircraft. This exceptional property offers the pinnacle of Florida Keys living.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lisa Swanson 305-924-3777,

    The Agency Florida Keys

    Bought with:

    Lisa Swanson, BK3226537

    The Agency Florida Keys

    Source: FLKMLS,MLS#: 616984MLS LogoOriginating MLS: Key West Association

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 6
    • Full bathrooms: 4
    • 1/2 bathrooms: 2
    Heating
    • Central
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Washer, Water Purification, Stainless Steel Appliance(s), Freezer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer, Desalination system
    • Laundry: Laundry Room
    Features
    • Built-in Cabinets, Walk-In Closet(s), Storage, Granite Counters, Cathedral Ceiling(s)
    • Flooring: Tile
    • Doors: Impact Rstnce Doors
    • Windows: Drapes/Blinds Incl, Impact Rstnce Window
    Interior area
    • Total interior livable area: 3,952 sqft

    Property

    Parking
    • Parking features: Garage, Trailer Storage, Guest, Open
    • Has garage: Yes
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Open Porch/Balcony, Deck
    • Exterior features: Bar, Storage, Sandy Beach, Outdoor Shower, Lighting
    • Has private pool: Yes
    • Pool features: In Ground, Decked, Concrete, Salt Water
    • Has spa: Yes
    • Spa features: Private
    • Fencing: Privacy,Fenced
    • Has view: Yes
    • View description: Ocean, Water
    • Has water view: Yes
    • Water view: Ocean,Water
    • Waterfront features: Oceanfront, Open Water, Waterfront, Sandy Beach, Dockage: Boat Lift, Basin
    Lot
    • Size: 0.81 Acres
    • Features: 1/2 - Less Than 1 AC
    Details
    • Additional structures: Workshop, Chickee Hut
    • Parcel number: 00197200000000
    • Zoning: IS
    • Zoning description: Improved Subivision District

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • CBS, Concrete
    • Roof: Metal
    Condition
    • Year built: 2007

    Utilities & green energy

    • Electric: Generator
    • Sewer: Municipal Sewer, Public Sewer
    • Utilities for property: FKAA, Propane

    Community & neighborhood

    Community
    • Community features: Airport/Runway
    Location
    • Region: Summerland Key
    • Subdivision: Summerland Beach (25.0)

    HOA & financial

    HOA
    • Has HOA: No
    • Services included: None

    Price history

    DateEventPrice
    1/5/2026Sold$5,003,500-28.5%$1,266/sqft
    Source: FLKMLS #616984 Report a problem
    12/8/2025Pending sale$6,995,000$1,770/sqft
    Source: FLKMLS #616984 Report a problem
    10/22/2025Listed for sale$6,995,000$1,770/sqft
    Source: Key West AOR #616984 Report a problem
    10/20/2025Listing removed$6,995,000$1,770/sqft
    Source: MIAMI #A11847336 Report a problem
    8/27/2025Price change$6,995,000-6.7%$1,770/sqft
    Source: Key West AOR #611557 Report a problem
    7/10/2025Price change$7,495,000-11.4%$1,897/sqft
    Source: Key West AOR #611557 Report a problem
    6/19/2025Price change$8,455,000-5.6%$2,139/sqft
    Source: FLKMLS #611557 Report a problem
    12/31/2024Price change$8,955,000+12%$2,266/sqft
    Source: Key West AOR #611557 Report a problem
    9/23/2024Listed for sale$7,995,000+63.2%$2,023/sqft
    Source: Key West AOR #611557 Report a problem
    9/3/2021Sold$4,900,000$1,240/sqft
    Source: FLKMLS #596788 Report a problem
    7/7/2021Listed for sale$4,900,000+0%$1,240/sqft
    Source: FLKMLS #596788 Report a problem
    4/19/2015Listing removed$4,899,000$1,240/sqft
    Source: Visual Tour #548226 Report a problem
    1/20/2015Listed for sale$4,899,000+40%$1,240/sqft
    Source: Visual Tour #548226 Report a problem
    10/14/2014Sold$3,500,000$886/sqft
    Source: Public Record Report a problem
    11/15/2010Sold$3,500,000-28.6%$886/sqft
    Source: Public Record Report a problem
    8/21/2010Price change$4,899,000+0.2%$1,240/sqft
    Source: Coldwell Banker Schmitt Real Estate Co. #110524 Report a problem
    5/1/2010Price change$4,889,000-0.2%$1,237/sqft
    Source: Coldwell Banker Schmitt Real Estate Co. #548226 Report a problem
    10/27/2009Listed for sale$4,899,000$1,240/sqft
    Source: Coldwell Banker Schmitt #548226 Report a problem
    8/28/2009Listing removed$4,899,000$1,240/sqft
    Source: Coldwell Banker Schmitt #548226 Report a problem
    3/21/2009Listed for sale$4,899,000+96%$1,240/sqft
    Source: Coldwell Banker Schmitt #548226 Report a problem
    11/10/2005Sold$2,500,000+247.2%$633/sqft
    Source: Public Record Report a problem
    4/25/2002Sold$720,000$182/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$47,158 +7%$5,355,066 +5.7%
    2024$44,054 +7.8%$5,065,433 +10%
    2023$40,880 +12.7%$4,604,939 +10%
    2022$36,274 +38.4%$4,186,308 +49.8%
    2021$26,205 +42.8%$2,794,762 +46%
    2020$18,355 $1,914,235 +1.1%
    2019$18,355 +0.6%$1,893,695 +3.1%
    2018$18,243 +0.1%$1,837,176 -6.4%
    2017$18,223 -5.4%$1,963,131 -1.5%
    2016$19,267 -4.3%$1,993,242 -19.3%
    2015$20,129 $2,469,857

    Find assessor info on the county website

    Neighborhood: 33042

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $5,033,100
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $5,033,100