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Sold for $5,000,000
  • $5,000,000

    24200 Overseas Hwy, Summerland Key, FL 33042

    5beds
    3,000sqft
    Multi Family
    Built in 1977
    -- sqft lot
    $5,001,400 Zestimate®
    $1,667/sqft
    $7,879 Estimated rent

    Home value

    $5,001,400

    $4.50M - $5.55M

    $7,879/mo

    Zestimate® history
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    What's special

    High-end bespoke remodelUnobstructed water viewsPristine oceanfront estateManicured one-acre gated parcel
    Welcome to an unparalleled coastal lifestyle, where modern luxury meets the ultimate boater's paradise. This extraordinary compound, nestled along a prime stretch of the Florida Keys waterfront, has been completely reimagined for the discerning owner who demands both sophisticated living spaces and robust functionality. This pristine oceanfront estate is situated on a manicured one-acre gated parcel with unobstructed water views whereby the view is the daily art. The main residence has undergone a high-end, bespoke remodel focused entirely on the surrounding seascape. The interior architecture is a masterclass in biophilic design. Inside the main residence features four spacious bedrooms each with a private ensuite bathroom, three full and one half on the main level, and the primary bedroom with an open office on the second level. Dual level laundry for convenience. The property's functionality extends to a private guest cottage—complete with its own kitchen and laundry that provides one bedroom, bathroom, and a ground level utility room. The property is a mariner's dream, featuring an exceptional infrastructure, from the concrete dockage with ramp and three boat lifts, headlined by a massive 120,000 lb Hi-Tide 8-post lift with concrete piling. Too many features to list, however, adding to its exclusivity, the property is located on Summerland Key that features a nearby private airstrip and bike path. Every day brings a new masterpiece of scenery with mesmerizing water colors that shift under breathtaking sunrise and sunset views. Peaceful yet dramatic. This estate perfectly balances world-class marine with the finest, serene island comforts. This is more than a home; it's a self-contained luxury ecosystem built for the ultimate Florida Keys lifestyle.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sylvia Werling 305-797-5652,

    Keller Williams Key West Compass Realty

    Bought with:

    Sandra Tuttle, 3093204

    Island Welcome Real Estate

    Source: FLKMLS,MLS#: 618350MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 6
    • Full bathrooms: 5
    • 1/2 bathrooms: 1
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Ceiling Fans(s), Ductless
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Microwave, Disposal, Stainless Steel Appliance(s)
    • Laundry: Laundry Room
    Features
    • Built-in Features, Granite Counters, Storage, Walk-in Closet(s)
    • Flooring: Tile
    • Windows: Skylight(s)
    • Furnished: Yes
    Interior area
    • Total structure area: 3,000
    • Total interior livable area: 3,000 sqft

    Property

    Parking
    • Parking features: Open, RV Access/Parking, Storage
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Open Porch/Balcony, Deck
    • Exterior features: Chickee Hut, Storage
    • Has private pool: Yes
    • Pool features: In Ground, Salt Water
    • Fencing: Fenced
    • On waterfront: Yes
    Lot
    • Size: 10,018 Square Feet
    Details
    • Additional structures: Guest House
    • Parcel number: 00190940000000
    • Zoning: ISD - Improved Sup Duplex
    • Other equipment: Irrigation Equipment

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Frame, Combo Construction, Hardi Board Siding
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1977

    Utilities & green energy

    • Electric: Cat 5
    • Utilities for property: Water Separate Meter, Elect Separate Meter

    Community & HOA

    Community
    • Features: Community Boat Ramp, Bike Paths
    • Security: Other, Security System
    • Subdivision: Summerland Key Cove (25.0)
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Summerland Key

    Financial & listing details

    • Price per square foot: $1,667/sqft
    • Tax assessed value: $2,983,106
    • Annual tax amount: $26,088
    • Date on market: 1/28/2026
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    6/18/2026Sold$5,000,000-3.8%$1,667/sqft
    Source: FLKMLS #618350 Report a problem
    6/17/2026Pending sale$5,200,000$1,733/sqft
    Source: Key West AOR #618350 Report a problem
    5/16/2026Contingent$5,200,000$1,733/sqft
    Source: Key West AOR #618350 Report a problem
    4/25/2026Price change$5,200,000-16.1%$1,733/sqft
    Source: FLKMLS #618350 Report a problem
    1/28/2026Listed for sale$6,200,000+148%$2,067/sqft
    Source: Key West AOR #618350 Report a problem
    1/12/2021Sold$2,500,000-13.8%$833/sqft
    Source: FLKMLS #594111 Report a problem
    8/26/2020Listing removed$2,899,000$966/sqft
    Source: Coldwell Banker Schmitt RE Co. Lower Keys Office #590025 Report a problem
    5/29/2020Price change$2,899,000-3.3%$966/sqft
    Source: Coldwell Banker Schmitt RE Co. Lower Keys Office #590025 Report a problem
    2/28/2020Listed for sale$2,999,000+130.7%$1,000/sqft
    Source: Coldwell Banker Schmitt RE Co. Lower Keys Office #590025 Report a problem
    11/5/2010Sold$1,300,000$433/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$25,102 -3.8%$2,813,016 -5.1%
    2024$26,088 +2.9%$2,965,500 +2.7%
    2023$25,348 +2.5%$2,887,757 +2.8%
    2022$24,727 +130.6%$2,808,749 +235.1%
    2021$10,723 -24.8%$838,199 +0.2%
    2020$14,262 $836,403 +10%
    2019$14,262 +81.8%$760,366 +1%
    2018$7,846 -1.5%$752,518 -30.1%
    2017$7,967 -27.3%$1,076,061 +8.9%
    2016$10,955 +5.2%$988,535 +1.1%
    2015$10,413 $977,358
    Find assessor info on the county website

    Neighborhood: 33042

    Nearby schools

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    Estimated market value
    $5,001,400
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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
    $5,001,400