Check Availability
Monroe 33042
1040 Gulf Drive
$2,199,000
↓ $100K (4.3%)
House - For Sale

1040 Gulf Drive

Summerland Key, FL 33042
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2233 Sqft
$11,974
Estimated Monthly
1.79%
Cap Rate

About This Property

Anglers Fortress in Summerland Cove Isles affectionately know as 'The Castle'  is truly a gem nestled in a highly desirable neighborhood with excellent deep-water access to the Gulf  Atlantic near some of the best fishing spots in the Florida Keys. This concrete constructed retreat offers not only roof top Ocean views, but also meticulous attention to detail, quality workmanship and an array of desirable amenities including RV parking with 50 AMP electric service, a heated pool and spa, and a concrete rooftop deck with water and electric service that provides 360-degree panoramic views of the surrounding landscape offering the perfect vantage point from which to watch the Sun rise and set over the glistening Ocean.  Inside, the home boasts 4 bedrooms and 3 baths, including a  permitted guest quarters with its own entrance and screened patio. The open concept kitchen and living area seamlessly flow into the expansive screened patio, creating an ideal space for entertaining while enjoying the picturesque outdoor views.Each bedroom has its own private entrance and the master suite, occupying the entire third level, is a true retreat with an open bonus room and private veranda.For boating enthusiasts, there's an 80 ft seawall with 17000 lb. boat lift, 10,000 lb. davits, an outdoor shower, and a convenient fish cleaning station.  The 13 X 39 concrete block garage boasts 10 1/2 ft ceilings and wind rated doors providing secure storage for your equipment, supplies. The impressive outdoor space also includes covered patio, tropical landscaping, parking for multiple vehicles, and a built-in SWAT mosquito and no-see-um control system ensuring a comfortable and enjoyable environment year-round.'The Castle' offers a perfect blend of luxury, comfort, convenience, and outdoor living, making it an ideal retreat for those seeking the ultimate waterfront lifestyle in the Florida Keys.

The manager has listed the unit size as 2233 square feet.
Unit Size
2,233Ft²
Days on Market
91 days
Land Size
0.19 acres
Price per sqft
$985
Property Type
House
Property Taxes
$1,176
HOA Dues
-
Year Built
2003

Listed By

Dina R Schoneck
Berkshire Hathaway Knight & Gardner Realty (KW)
Last updated: 16 days ago (KWARFL #609224)

Price History

Date / Event Date Event Price
Apr 27, 2024 Price Decreased $2,199,000
↓ $100K (4.4%)
Price Decreased
Apr 14, 2024 Price Decreased $2,299,000
↓ $51K (2.2%)
Price Decreased
Mar 17, 2024 Listed by Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty $2,350,000
Listed by Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty
Jun 22, 2021 Sold to Lisa E Dudley, Raymond Whet... $1,430,000
Sold to Lisa E Dudley, Raymond Whet...
Apr 24, 2021 No longer available -
No longer available
Show More

Property Highlights

Exterior Details

Exterior Information

Concrete

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 0
  • Garage Square Area: 507
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,080
  • Lot Size Depth Feet: 1,010
  • Lot Size Frontage Feet: 800
  • Total Building Area: 3,111
  • Gross Building Area: 3,111
  • Building Area: 2,604
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,604
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: SUMMERLAND COVER ISLES BLK 4
  • Land Acres: 0.186
  • Legal Description 1: LT 24 SUMMERLAND COVE ISLES BLOCK NO 4 PB6-64 SUMMERLAND KEY OR499-671 OR842-214 OR867-2120 OR1675-2315 OR2155-12 OR2358-1177 OR2400-22 OR3107-0342

Ownership

  • Current Owner : WHETZEL RAYMOND
  • Current Owner 2: DUDLEY LISA E
  • Previous Owner : CANNON JAMES
  • Previous Owner 2: CANNON SANDY J
  • Owner Before Previous Owner: DALY JAMES THOMAS
  • Is Owner Occupied: unknown

Neighborhood

  • School District Name: Monroe County School District
  • Census Tract: 971502

Zoning

  • Zoning: IS

Geography

  • Assessors Map Reference: 7-36
  • Account Number: 1262056
  • Parcel: 00198934-002400
  • Block: 4
  • Lot: 24
  • Meridian: SEC 36 TWN 66S RNG 28E
  • Municipality: SUMMERLAND KEY
  • Latitude: 24.6517
  • Longitude: -81.4428

    Address

  • Full Address: 1040 Gulf Dr
  • Address - House Number: 1040
  • Address - Street Name: Gulf
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Summerland Key
  • Carrier Code: R006
  • 4-Digit Zip Code: 4839
  • Zip Code: 33042

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,356
  • Tax Rate Code Area: 120C

    Appraisal Valuation

  • Standard Deviation: 0.2433
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 65
  • Final Value: 2,123,793
  • High Value: 2,640,626
  • Low Value: 1,606,960

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,072,500
  • First Open Lien Mortgage Lender: FULTON BANK NA
  • First Open Lien Mortgage Recording Date: Jun 22, 2021
  • First Open Lien Mortgage Financing Type: unknown
  • First Open Lien Mortgage Loan Amount: $1,072,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051

    Market Valuation

  • Market Total Value: $1,619,230
  • Market Land Value: $783,437
  • Market Improvement Value: $835,793

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,619,230
  • Assessed Land Value: $783,437
  • Assessed Improvements Value: $835,793

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 11, 2021
  • Current Sale Recording Date: Jun 22, 2021
  • Current Sale Transaction ID: 11841263794
  • Current Sale Price: $1,430,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 2326375
  • Previous Sale Recording Date: Feb 12, 2009
  • Previous Sale Contract Date: Feb 12, 2009
  • Previous Sale Amount: $1,320,000
  • Previous Sale Document Type: unknown

    Last Sale Mortgage

  • First Mortgage Lender: FULTON BANK NA
  • First Mortgage Transaction Date: Jun 22, 2021
  • First Mortgage Loan Amount: $1,072,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: Jul 01, 2051

    Financing

  • First Mortgage Financing Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$2,200,000 May 25, 2022
-
$137/mo

About Monroe


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Frequently Asked Questions

When was property at 1040 Gulf Drive built and last sold?
The property at 1040 Gulf Drive was built in 2003 and last sold on Jun 11, 2021 for $1,430,000.
How much is this home worth?
The estimated value of the home located at 1040 Gulf Drive is $2,152,985.
What are some comparable homes to 1040 Gulf Drive?
Homes that are comparable to 1040 Gulf Drive include a land property at 616 East Shore Drive, located in Summerland Key, FL.

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