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For sale
  • $1,595,000

    887 Bay Dr, Summerland Key, FL 33042

    3beds
    2,022sqft
    : 
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    Single Family Residence
    Built in 1974
    7,405 Square Feet Lot
    $1,499,000 Zestimate®
    $789/sqft
    $-- HOA

    What's special

    Inside stairwellRecent exterior paintHurricane impact windowsExceptional dockage
    Priced at Current appraised value, this 3-bedroom, 3-bath concrete fortress on deep water canal (5' draft) is located in the highly sought-after Summerland Cove with quick access to both the Gulf and Atlantic--just a 15-minute boat ride to open ocean--this home is a true boater's paradise. Additionally, enjoy Airstrip rights as part of the Summerland Airport community. Set on a generous 75' x 100' corner lot, the property offers exceptional dockage, thoughtful upgrades, and wonderful potential to further customize your Keys dream home.Designed for the boating lifestyle with room for a POOL featuring: A 50' wide deep-water canal allows for larger boats 15,000 lb boat lift, two-8,000 lb davits, and 75 ft seawall with swim ladder A concrete boat launch that has been decked for easy access. Covered Parking for 5 vehicles with a three-bay carport + Garage / Living space with full bath and 11' ceiling height RV Parking for large RV with 45' concrete runners A 75' x 100' corner lot with plenty of room for a poolPull in the carport protected from the rain and bring your groceries up the inside stairwell.Inside, you'll find a welcoming blend of coastal charm and modern updates: Renovated kitchen with stainless steel appliances and built in double drawer freezer Air-conditioned screened porch with sunrise views Built-in propane pizza oven -- perfect for entertaining New water heater (2025), new epoxy walkway flooring (2025), and unique aluminum railings (2025) Recent exterior paint, metal roof (2018)* hurricane impact windows*Garage/Living space with new epoxy flooring Airport communityAs a final bonus, a Key West 244 Bluewater center console with 250 Suzuki is available for purchase -making it even easier to step straight into the Keys boating lifestyle.This is a rare opportunity to own a beautiful home in one of the Lower Keys' most desirable neighborhood.*Owner financing will be considered Seller is Licensed Florida
    43 days
    |
    531
    |
    20
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    Zillow last checked:

    Listing updated:

    Listed by:

    Amy Hanson 864-314-3980,

    Realty Executives Florida Keys Summerland Branch,

    Michelle Blades 305-394-4750,

    Realty Executives Florida Keys Old Town

    Source: FLKMLS,MLS#: 618272MLS LogoOriginating MLS: Key West Association

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Ceiling, Central
      Cooling
      • Central Air, Ceiling Fans(s), Heat Pump
      Appliances
      • Included: More Appliances, Stainless Steel Appliance(s), Freezer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer, Washer, 2 drawer freezer
      • Laundry: Laundry Room
      Features
      • Built-in Cabinets, Quartz Countertops, Bar, Whirlpool Bath Tub
      • Flooring: Tile
      • Doors: Sliding Glass Doors, Impact Rstnce Doors
      • Windows: Drapes/Blinds Incl, Impact Rstnce Window, Panel
      Interior area
      • Total interior livable area: 2,022 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: Garage, Trailer Storage, Covered, RV Parking Open, Off Street, Guest, Attached, Carport
      • Has garage: Yes
      • Has carport: Yes
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: No
      Features
      • Patio & porch: Open Porch/Balcony, Screened Patio, Screened P/B
      • Exterior features: Bar, Built-in Barbecue
      • Has view: Yes
      • View description: Canal
      • Has water view: Yes
      • Water view: Canal
      • Waterfront features: Canal Front, Waterfront, Seawall: Concrete, Dock Length: 70, Dockage: Davits, Boat Ramp, Boat Lift, Davit Pads
      Lot
      • Size: 7,405 Square Feet
      • Dimensions: 70' x 100'
      • Features: Less Than 1/4 Acre
      Details
      • Parcel number: 00198932004400
      • Zoning: IS
      • Zoning description: Improved Subivision District

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • CBS
      • Roof: Metal
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1974

      Utilities & green energy

      • Electric: Elect Separate Meter
      • Sewer: Municipal Sewer, Public Sewer
      • Water: Water Separate Meter
      • Utilities for property: Cable Available, Cable Connected

      Community & HOA

      Community
      • Features: Fire Hydrant, Airport/Runway
      • Security: Smoke Detector(s)
      • Subdivision: Summerland Cove Isle (25.5)
      HOA
      • Has HOA: Yes
      • Services included: None
      Location
      • Region: Summerland Key

      Financial & listing details

      • Price per square foot: $789/sqft
      • Tax assessed value: $1,005,613
      • Annual tax amount: $6,309
      • Date on market: 6/3/2026
      • Listing terms: Cash,VA Loan,Conventional

        Estimated market value

        $1,499,000

        $1.42M - $1.57M

        $7,881/mo

        Price history

        DateEventPrice
        6/3/2026Listed for sale$1,595,000$789/sqft
        Source: Key West AOR #618272 Report a problem
        4/20/2026Listing removed$1,595,000$789/sqft
        Source: FLKMLS #618272 Report a problem
        1/23/2026Listed for sale$1,595,000+192.1%$789/sqft
        Source: Key West AOR #618272 Report a problem
        12/7/2017Sold$546,000+9.2%$270/sqft
        Source: Public Record Report a problem
        4/6/2016Sold$500,000+93.1%$247/sqft
        Source: Public Record Report a problem
        5/11/1998Sold$259,000+45.9%$128/sqft
        Source: Public Record Report a problem
        3/19/1996Sold$177,500$88/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,309 +5.3%$670,253 +2.9%
        2024$5,991 +4%$651,364 +3%
        2023$5,760 +2.7%$632,393 +3%
        2022$5,609 +16.4%$613,974 +27.9%
        2021$4,816 +6.6%$479,938 +5.7%
        2020$4,518 $454,057 -4%
        2019$4,518 -3.9%$472,745 +1.2%
        2018$4,703 -8.7%$467,020 -7.4%
        2017$5,152 -5.7%$504,306 +15.4%
        2016$5,461 +10.3%$436,976 -14.7%
        2015$4,950 $512,182
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 33042

        Getting around

        5 / 100
        Car-Dependent
        36 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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