481 E Shore Drive, Summerland Key, FL 33042

New Listing

$5,500,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,088 Lot Size (sq. ft.): 36,745 Status: Active

Current Price: $5,500,000 List Date: 9/23/2026 Last Modified: 9/24/2026

Overview

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!

Listing Details MLS# 621388

Location, Tax & Legal

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
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

Contract Information

Listing Board: Marathon/Lower Keys
As is Rght to Inspct: Yes
Species List: Yes

General Property Description

Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: Yes
Control Depth: 6
Pool: Yes
Year Built: 1992
Total Units: Yes
Lot SqFt: 36745
Lot Sqft Source: Survey
Acres: 1.07
Living Apx SqFt: 2088
SqFt Source: Survey
Total Bedrooms: 3
Full Baths: 3
Total Baths: 3
Rentals Allowed: Yes
Min Rental Days: Yes

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0

Dockage

Dock Length: 180

More Information

Building Style

Above Flood: Yes
Stories: 3 Stories

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!

Fee Includes

None: Yes

Tax Exemptions

None: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Oven: Yes
Range: Yes
Refrigerator: Yes
Stainless Steel Appliance(s): Yes
Washer: Yes

Pets

Pets Allowed: Yes

Cooling

Ceiling Fans(s): Yes
Central Air: Yes

Heating

Central: Yes

Waterfront

Oceanfront: Yes

Waterview

Ocean View: Yes
Open Water View: Yes

Floor

Marble: Yes
Tile: Yes
Wood: Yes

Windows/Doors

Sliding Glass Doors: Yes

Vehicle Storage

Open Parking: Yes

Construction

CBS: Yes

Land Size

1/2 - Less Than 1 AC: Yes

Furnished

Furnished: Yes

Terms

Cash: Yes
Conventional: Yes
Seller Finance Psble: Yes

Utilities

Buyer to Verify: Yes
FKAA: Yes
Municipal Sewer: Yes

Porch/Balcony

Open Porch/Balcony: Yes

Title

Negotiable: Yes

Pool Info

In Ground: Yes
Fiberglass: Yes

Roof

Tile Roof: Yes

Shutters

Accordion: Yes

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 - 24 - 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.

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