For sale
$5,500,000
3beds
2,088sqft
481 E Shore Dr, Summerland Key, FL 33042
3beds
2,088sqft
Single family residence
Built in 1992
1.07 Acres
Open parking
$2,634 price/sqft
What's special
Private natural beachBreathtaking ocean viewsLuxurious 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!
- 2 days |
- 279 |
- 8 |
Likely to sell faster than
Source: FLKMLS,MLS#: 621388
Travel times
Living Room
Kitchen
Bedroom
Zillow last checked:
Listing updated:
Listed by:
Mariana Zaleska-Montadas 305-767-3140,
Berkshire Hathaway HomeServices Keys Real Estate
Source: FLKMLS,MLS#: 621388
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Bedroom 1
- Level: Second
Bedroom 2
- Level: Second
Bedroom 3
- Level: Third
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Disposal, Stainless Steel Appliance(s)
Features
- Flooring: Tile, Wood, Marble
- Furnished: Yes
Interior area
- Total structure area: 2,088
- Total interior livable area: 2,088 sqft
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Patio & porch: Open Porch/Balcony
- Has private pool: Yes
- Pool features: In Ground, Fiberglass
- On waterfront: Yes
Lot
- Size: 1.07 Acres
Details
- Parcel number: 00200600000000
- Zoning: SR - Sub Urban Residential District
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- CBS
Condition
- Year built: 1992
Community & HOA
Community
- Subdivision: Summerland Estates (25.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Summerland Key
Financial & listing details
- Price per square foot: $2,634/sqft
- Tax assessed value: $2,112,012
- Annual tax amount: $18,895
- Date on market: 9/23/2026
- Listing terms: Seller Finance Psble,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/23/2026 | Listed for sale | $5,500,000$2,634/sqft |
Source:  FLKMLS #621388 Report a problem | ||
| 10/29/2025 | Listing removed | $5,500,000$2,634/sqft |
Source:  MLKAR #615917 Report a problem | ||
| 7/24/2025 | Listed for sale | $5,500,000$2,634/sqft |
Source: MLKAR #615917 Report a problem | ||
| 7/16/2025 | Listing removed | $5,500,000$2,634/sqft |
Source: FLKMLS #612707 Report a problem | ||
| 12/16/2024 | Listed for sale | $5,500,000+450%$2,634/sqft |
Source: MLKAR #612707 Report a problem | ||
| 4/29/2016 | Sold | $1,000,000-12.7%$479/sqft |
Source: FLKMLS #563740 Report a problem | ||
| 1/12/2016 | Listing removed | $1,145,000$548/sqft |
Source: Coldwell Banker Schmitt Real Estate Co. #563740 Report a problem | ||
| 1/11/2016 | Pending sale | $1,145,000$548/sqft |
Source: Coldwell Banker Schmitt Real Estate Co. #563740 Report a problem | ||
| 10/5/2015 | Price change | $1,145,000-8%$548/sqft |
Source: Coldwell Banker Schmitt RE Co. Lower Keys Office #563740 Report a problem | ||
| 5/15/2015 | Price change | $1,245,000-14.1%$596/sqft |
Source: Coldwell Banker Schmitt RE Co. Lower Keys Office #563740 Report a problem | ||
| 4/26/2015 | Price change | $1,450,000+16.5%$694/sqft |
Source: CENTURY 21 Schwartz Realty #562580 Report a problem | ||
| 4/23/2015 | Price change | $1,245,000-14.1%$596/sqft |
Source: CENTURY 21 Schwartz Realty #562580 Report a problem | ||
| 3/23/2015 | Price change | $1,450,000+16.5%$694/sqft |
Source: CENTURY 21 Schwartz Realty #562580 Report a problem | ||
| 3/21/2015 | Price change | $1,245,000-14.1%$596/sqft |
Source: CENTURY 21 Schwartz Realty #562580 Report a problem | ||
| 3/19/2015 | Price change | $1,450,000+16.5%$694/sqft |
Source: CENTURY 21 Schwartz Realty #562580 Report a problem | ||
| 1/13/2015 | Price change | $1,245,000-3.9%$596/sqft |
Source: Coldwell Banker Schmitt Real Estate Co. #563740 Report a problem | ||
| 8/29/2014 | Price change | $1,295,000-3.7%$620/sqft |
Source: Coldwell Banker Schmitt Real Estate Co. #563740 Report a problem | ||
| 6/14/2014 | Price change | $1,345,000-3.6%$644/sqft |
Source: Coldwell Banker Schmitt Real Estate Co. #563740 Report a problem | ||
| 4/23/2014 | Price change | $1,395,000-3.8%$668/sqft |
Source: Coldwell Banker Schmitt Real Estate Co. #563740 Report a problem | ||
| 1/30/2014 | Price change | $1,450,000-3.3%$694/sqft |
Source: CENTURY 21 Schwartz Realty #562580 Report a problem | ||
| 11/19/2013 | Listed for sale | $1,499,000+114.1%$718/sqft |
Source: CENTURY 21 Schwartz Realty #562580 Report a problem | ||
| 5/1/2000 | Sold | $700,000$335/sqft |
Source: FLKMLS #501464 Report a problem | ||
| 8/5/1997 | Sold | $700,000$335/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $18,895 +8% | $2,070,541 +11.9% |
| 2024 | $17,493 +6.8% | $1,850,660 +10% |
| 2023 | $16,379 +8.1% | $1,682,418 +10% |
| 2022 | $15,147 +13.1% | $1,529,471 +10% |
| 2021 | $13,397 -9.3% | $1,390,428 -8.9% |
| 2020 | $14,771 | $1,525,452 +0.9% |
| 2019 | $14,771 +0.4% | $1,512,341 +1% |
| 2018 | $14,711 -1.8% | $1,496,888 +1.1% |
| 2017 | $14,977 +1.9% | $1,481,074 +3.7% |
| 2016 | $14,705 +3.4% | $1,428,535 -15.1% |
| 2015 | $14,221 | $1,683,597 |
Find assessor info on the county website
Monthly payment
Est. payment
$32,898/mo
Principal & interest
$29140
Property taxes
$3758
Estimated market value
$2,787,400
$2.45M - $3.21M
$8,293/mo
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.
Neighborhood: 33042
Nearby schools
Sugarloaf School
Grades PK-8 • 5.8 miles6/10
GreatSchools® Rating
Test Score Rating
6/10Student Progress Rating
5/10Key West High School
Grades 9-12 • 22.5 miles4/10
GreatSchools® Rating
Test Score Rating
4/10College Readiness Rating
5/10Student Progress Rating
2/10