1151 Ocean Drive

1151 Ocean Drive has been categorized by the local assessors in Summerland Key, FL as a type of property. The building on the property was first built in 2007 and is 19 years old. However, we must point out that the home was most recently renovated and altered in 2020. The home has a total of 5 bedrooms. Residents will have access to 4 full bathrooms. There are 5 partial bathrooms in the home. The building has a total of 100 stories. In addition, 1151 Ocean Drive has 3,923 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 3,000 ft and across the front of the lot is 1,200 ft. The area measurement of the land has been determined as 37,400 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a for those who require parking. The garage measured 315 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying a . Love to swim? You'll be excited to find out that there is a on the property. Moving on to the building itself. The condition of the building has been evaluated as . From what we've gathered, the quality of these control joints have been graded with a letter grade of by the local assessor. The building has a style roof made of . The exterior walls of the building are made of . While the interior walls have been made of . The inside of the home is being cooled with at the moment. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1151 Ocean Drive sold most recently in Sep 3, 2021 for a total of $4,900,000. If you work out the math, that's approximately a cost of $1,156.21 per sqft. Before that, the property was also sold for $3,500,000 in Oct 1, 2014. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,627,396 in taxes each year. 1151 Ocean Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $5,004,651. If we break it down further, the land itself was valued at $2,802,080. Improvements to the property, however, were assessed at a total of $2,202,571. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.