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Sold for $815,422
  • $815,422

    554 W Shore Dr, Summerland Key, FL 33042

    3beds
    1,407sqft
    Single Family Residence
    Built in 1963
    6,098.4 Square Feet Lot
    $820,100 Zestimate®
    $580/sqft
    $6,747 Estimated rent

    Home value

    $820,100

    $713,000 - $935,000

    $6,747/mo

    Zestimate® history
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    What's special

    Wide canalSpacious bedroomsHigh ceilingsOpen-concept living spaceStunning water viewsTiki hutUpdated bathrooms
    Experience waterfront living at its finest at 554 W Shore Drive in Summerland Key. This elegant one level, elevated and turn-key coastal residence offers the perfect blend of modern comfort and timeless Keys charm, set on a wide canal with quick and easy, deep-water access to both the Atlantic and Gulf waters. Inside, you'll find an open-concept living space and split floor plan filled with natural light, high ceilings, and stunning water views, creating a seamless flow between indoor and outdoor living. The kitchen is designed for both entertaining and everyday convenience, while spacious bedrooms with updated bathrooms provide a serene retreat after a day on the water and two separate living rooms give everyone refuge to relax and recharge. The expansive patio and dock area with Tiki hut and outdoor shower are ideal for hosting sunset gatherings, enjoying morning coffee by the water, or launching your boat from your boat lift for a day of adventure. Low maintenance, tropically landscaped and fenced lot with large detached storage and laundry room completes the home. Rooftop solar panels were installed in 2023 significantly reducing electricity costs, with power bill rarely going over $100 per month. With its refined design and unbeatable location, this home is perfect as a private oasis, a luxury vacation retreat, or a dream permanent residence in the Florida Keys. Assumable loan at 2.25% with principal and interest payment at $2215 per month!

    Zillow last checked:

    Listing updated:

    Listed by:

    Jimmy R Lane,

    Island Life Realty Experts

    Bought with:

    Jimmy R Lane, 664783

    Island Life Realty Experts

    Source: FLKMLS,MLS#: 616309MLS LogoOriginating MLS: Key West Association

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Washer, Disposal, Range, Refrigerator, Dishwasher, Dryer
    Features
    • Bar, Sun/Florida Room, Utility Room
    • Flooring: Tile
    • Doors: Sliding Glass Doors
    • Windows: Drapes/Blinds Incl, Bahama, Panel
    • Furnished: Yes
    Interior area
    • Total interior livable area: 1,407 sqft

    Property

    Parking
    • Parking features: Open, Off Street
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Open Porch/Balcony, Patio
    • Exterior features: Storage, Outdoor Shower, Lighting
    • Fencing: Fenced
    • Has view: Yes
    • View description: Canal
    • Has water view: Yes
    • Water view: Canal
    • Waterfront features: Canal Front, Waterfront, Seawall: Concrete, Dock Length: 60, Dockage: Boat Lift
    Lot
    • Size: 6,098 sqft
    • Dimensions: 60 x 100
    • Features: Less Than 1/4 Acre
    Details
    • Additional structures: Workshop, Chickee Hut, Shed(s)
    • Parcel number: 00191880000000
    • Zoning: IS
    • Zoning description: Improved Subivision District

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • CBS
    • Roof: Metal
    Condition
    • Year built: 1963

    Utilities & green energy

    • Sewer: Municipal Sewer, Public Sewer
    • Utilities for property: FKAA

    Community & neighborhood

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

    HOA & financial

    HOA
    • Has HOA: No
    • Services included: None

    Other

    Other facts
    • Listing terms: No Seller Finance,Cash,VA Loan,Conventional,Assumable

    Price history

    DateEventPrice
    11/6/2025Sold$815,422-9.3%$580/sqft
    Source: FLKMLS #616309 Report a problem
    10/20/2025Pending sale$899,000$639/sqft
    Source: FLKMLS #616309 Report a problem
    10/20/2025Listed for sale$899,000$639/sqft
    Source: FLKMLS #616309 Report a problem
    10/1/2025Contingent$899,000$639/sqft
    Source: Key West AOR #616309 Report a problem
    10/1/2025Pending sale$899,000$639/sqft
    Source: FLKMLS #616309 Report a problem
    8/28/2025Listed for sale$899,000-9.2%$639/sqft
    Source: FLKMLS #616309 Report a problem
    9/13/2024Listing removed$4,600$3/sqft
    Source: Zillow Rentals Report a problem
    9/4/2024Listed for rent$4,600$3/sqft
    Source: Zillow Rentals Report a problem
    8/31/2024Listing removed$990,000$704/sqft
    Source: Engel & Volkers #610332 Report a problem
    8/17/2024Price change$990,000-9%$704/sqft
    Source: Key West AOR #610332 Report a problem
    8/8/2024Price change$1,088,000-0.6%$773/sqft
    Source: FLKMLS #610332 Report a problem
    6/7/2024Listed for sale$1,095,000+95.9%$778/sqft
    Source: Key West AOR #610332 Report a problem
    9/14/2020Sold$559,000$397/sqft
    Source: FLKMLS #590722 Report a problem
    7/22/2020Price change$559,000-1.8%$397/sqft
    Source: Coldwell Banker Schmitt RE Co. Lower Keys Office #590722 Report a problem
    6/22/2020Price change$569,000-1%$404/sqft
    Source: Coldwell Banker Schmitt RE Co. Lower Keys Office #590722 Report a problem
    5/2/2020Listed for sale$575,000+71.4%$409/sqft
    Source: Coldwell Banker Schmitt RE Co. Lower Keys Office #590722 Report a problem
    9/29/2009Sold$335,500-4.1%$238/sqft
    Source: Public Record Report a problem
    8/23/2009Listed for sale$350,000$249/sqft
    Source: Coldwell Banker Schmitt Real Estate Co. #549478 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,084 +10%$663,627 +10%
    2024$6,438 +4.6%$603,297 +10%
    2023$6,152 +21%$548,452 +10%
    2022$5,083 +11.8%$498,593 +10%
    2021$4,547 +14.5%$453,266 +17.3%
    2020$3,970 $386,484 +2%
    2019$3,970 +1.5%$378,876 +0.5%
    2018$3,911 -2%$376,930 +8.7%
    2017$3,990 +8.7%$346,904 +8%
    2016$3,669 +4.3%$321,087 -3.6%
    2015$3,518 $333,199

    Find assessor info on the county website

    Neighborhood: 33042

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $820,100
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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
    $820,100