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Sold for $1,435,500
  • $1,435,500

    887 Bay Dr, Summerland Key, FL 33042

    3beds
    2,022sqft
    Single Family Residence
    Built in 1974
    7,405 Square Feet Lot
    $1,441,800 Zestimate®
    $710/sqft
    $8,820 Estimated rent

    Home value

    $1,441,800

    $1.30M - $1.61M

    $8,820/mo

    Zestimate® history
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    $8,820/mo

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    $9,346/mo

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    $9,346/mo

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    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 pool Pull 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 community As 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 Se

    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

    Bought with:

    Amy Hanson, 3452555

    Realty Executives Florida Keys Summerland Branch

    Source: FLKMLS,MLS#: 618272MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Bedroom 1
    • Level: Main
    Bedroom 2
    • Level: Main
    Bedroom 3
    • Level: Main
    Full bathroom
    • Level: Main
    Full bathroom
    • Level: Main
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Central Air, Heat Pump, Ceiling Fans(s)
    Appliances
    • Included: More Appliances, Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Freezer, Stainless Steel Appliance(s)
    • Laundry: Laundry Room
    Features
    • Built-in Features, Bar, Quartz Countertops
    • Flooring: Tile
    Interior area
    • Total structure area: 2,022
    • Total interior livable area: 2,022 sqft

    Property

    Parking
    • Parking features: Attached, RV Access/Parking, Storage
    • Has attached garage: Yes
    Features
    • Patio & porch: Open Porch/Balcony, Screened Patio
    • Exterior features: Bar, Built-in Barbecue
    • On waterfront: Yes
    Lot
    • Size: 7,405 Square Feet
    • Dimensions: 70' x 100'
    Details
    • Parcel number: 00198932004400
    • Zoning: IS - Improved Subivision District

    Construction

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

    Utilities & green energy

    • Utilities for property: Water Separate Meter, Elect Separate Meter, Cable Available

    Community & HOA

    Community
    • Features: Fire Hydrant
    • Subdivision: Summerland Cove Isle (25.5)
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Summerland Key

    Financial & listing details

    • Price per square foot: $710/sqft
    • Tax assessed value: $1,005,613
    • Annual tax amount: $6,309
    • Date on market: 6/3/2026
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    9/3/2026Sold$1,435,500-10%$710/sqft
    Source: FLKMLS #618272 Report a problem
    7/28/2026Pending sale$1,595,000$789/sqft
    Source: FLKMLS #618272 Report a problem
    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

    Neighborhood: 33042

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,441,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,441,800