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$5,500,000
Summerland Key, FL 33042
MLS# 621388
3 beds | 3 baths | 2088 sqft
1 / 100
Property Description
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!
Details
Maps
Contract Information
Listing Board: Marathon/Lower Keys
As is Rght to Inspct: Yes
Species List: Yes
Current Price: $5,500,000
Listing Date: 2026-09-18
List Price: $5,500,000
Location, Tax & Legal
Unit #: 481 E Shore Drive
City: Summerland
Mile Marker: 25
Marathon Neighborhood: N/A
Senior Community YN: No
Side: Ocean
Flood Zone: AE,AE,AE,VE
Alternate Key #: 1263893
Handicap Access: No
Parcel #: 00200600-000000
Zoning: SR - Sub Urban Residential District
Deed Restrictions: No
Legal: SUMMERLAND ESTATES SUMMERLAND KEY PB2-167 NLY 121.88 FT OF SLY 253.75FT LOT 16 (A/K/A TRACT E) G63-460/61 OR750-750 OR80
Taxes: 18895.47
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 481
Direction: E
Street Name: Shore
Street Suffix: Drive
Key/Island: Summerland Key
State/Province: FL
Zip Code: 33042
County: Monroe
Subdivision: Summerland Estates (25.0)
Area: 08 - Summerland Key
General Property Description
Realtor.COM Type: Residential - Single Family
Waterfront: Yes
Control Depth: 6
Lot Size: X
Lot SqFt: 36745
Pool: Yes
Lot Sqft Source: Survey
Total Units: 1
Acres: 1.07
SqFt Source: Survey
Rentals Allowed: Yes
Min Rental Days: 1
Style: Single Family
Year Built: 1992
Living Apx SqFt: 2088
Total Bedrooms: 3
Full Baths: 3
Total Baths: 3
Remarks & Misc
Remarks – Consumer: 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!
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
Fee Includes
None: 1
Dockage
Dock Length: 180
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Oven: 1
Range: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Washer: 1
Pets
Pets Allowed: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Heating
Central: 1
Waterfront
Oceanfront: 1
Waterview
Ocean View: 1
Open Water View: 1
Floor
Marble: 1
Tile: 1
Wood: 1
Building Style
Above Flood: Yes
Stories: 3 Stories
Windows/Doors
Sliding Glass Doors: 1
Vehicle Storage
Open Parking: 1
Construction
CBS: 1
Land Size
1/2 - Less Than 1 AC: 1
Furnished
Furnished: 1
Terms
Cash: 1
Conventional: 1
Seller Finance Psble: 1
Utilities
Buyer to Verify: 1
FKAA: 1
Municipal Sewer: 1
Porch/Balcony
Open Porch/Balcony: 1
Title
Negotiable: 1
Pool Info
In Ground: 1
Fiberglass: 1
Roof
Tile Roof: 1
Shutters
Accordion: 1
Status Change Info
Status: Active
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: Oceanfront
Waterview: Ocean View; Open Water View
Vehicle Storage: Open Parking
Furnished: Furnished
Cooling: Ceiling Fans(s); Central Air
Heating: Central
Utilities: Buyer to Verify; FKAA; Municipal Sewer
Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer
Pool Info: In Ground; Fiberglass
Construction: CBS
Shutters: Accordion
Floor: Marble; Tile; Wood
Roof: Tile Roof
Pets: Pets Allowed
Land Size: 1/2 - Less Than 1 AC
Terms: Cash; Conventional; Seller Finance Psble
Title: Negotiable
Room Information
| Room Name | Level |
| Bedroom 1 | Second |
| Bedroom 2 | Second |
| Bedroom 3 | Third |
Listing Office: Berkshire Hathaway HomeServices Keys Real Estate
Last Updated: September - 23 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.