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  • 887 Bay Drive, Summerland Key, FL 33042 (MLS# 618272)

887 Bay Drive, Summerland Key, FL 33042

$1,595,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,022 Lot Size (sq. ft.): 7,439 Status: Active
Current Price: $1,595,000 List Date: 1/23/2026 Last Modified: 2/16/2026

Description

This 3-bedroom, 3-bath concrete fortress on a 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, 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. • Parking for 5 vehicles with a three-bay carport + Garage / Workshop space with full bath and 11' ceiling height • RV Parking with 45' concrete runners • A 75' x 100' corner lot with plenty of room for a pool Pull in the garage, 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 with vent — perfect for entertaining • New water heater (2025), new epoxy walkway flooring (2025), and unique aluminum railings (2025) • Recent exterior paint, metal roof (2018), hurricane shutters, and hurricane-impact windows to be installed prior to closing • Airport community As a final bonus, a Key West 244 Bluewater center console with 250 Suzuki is available for separate 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. Seller is Licensed Florida Realtor and listing agent

More Information MLS# 618272

Contract Information

Listing Board: Key West Association As is Rght to Inspct: Yes Species List: No Current Price: $1,595,000 Listing Date: 2026-01-22 List Price: $1,595,000

Location, Tax & Legal

City: Summerland Off Shore Island: No Mile Marker: 25.5 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE Alternate Key #: 1261343 Handicap Access: No Parcel #: 00198932-004400 Zoning: IS - Improved Subivision District Deed Restrictions: No Legal: BK 3 LT 1 SUMMERLAND COVE ISLES PB6-67 OR594-157 OR808-665 OR1029-436/441WILL OR1394-395 OR1465-1859/72FJ OR1479-1583/8 Taxes: 6309.43 Tax Year: 2025 Pub Sewer HkUp: Yes Street #: 887 Street Name: Bay Street Suffix: Drive Key/Island: Summerland Key State/Province: FL Zip Code: 33042 County: Monroe Subdivision: Summerland Cove Isle (25.5) Area: 08 - Summerland Key

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: Yes Control Depth: 5 Lot Size: 70' x 100' Lot SqFt: 7439 Pool: No Lot Sqft Source: Property Data Card Total Units: 0 Acres: 0.17 SqFt Source: Seller Rentals Allowed: With Restrictions Min Rental Days: 28 Style: Single Family Year Built: 1974 Living Apx SqFt: 2022 Total Bedrooms: 3 Full Baths: 3 Total Baths: 3

Remarks & Misc

Remarks – Consumer: This 3-bedroom, 3-bath concrete fortress on a 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, 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. • Parking for 5 vehicles with a three-bay carport + Garage / Workshop space with full bath and 11' ceiling height • RV Parking with 45' concrete runners • A 75' x 100' corner lot with plenty of room for a pool Pull in the garage, 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 with vent — perfect for entertaining • New water heater (2025), new epoxy walkway flooring (2025), and unique aluminum railings (2025) • Recent exterior paint, metal roof (2018), hurricane shutters, and hurricane-impact windows to be installed prior to closing • Airport community As a final bonus, a Key West 244 Bluewater center console with 250 Suzuki is available for separate 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. Seller is Licensed Florida Realtor and listing agent Directions: US1 to Caribbean Drive, Left on Caribbean Drive E. Turn Right onto Isles Blvd. House is on the corner of Isles Blvd and Bay Drive

Association Info

Mandatory Home Owners Asc: No Voluntary Home Owners Asc: Yes 1st Right of Refusal: No Assoc Approval Req: No Association Fee $: 0

Fee Includes

None: 1

Dockage

Dock Length: 70 Boat Lift: 1 Boat Ramp: 1 Davit Pads: 1 Davits: 1 Seawall: Concrete

Tax Exemptions

Homestead: 1

Appliances

Dishwasher: 1 Dryer: 1 Freezer: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1 Other: 2 drawer freezer

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1 Heat Pump: 1

Heating

Ceiling: 1 Central: 1

Waterfront

Canal Front: 1

Waterview

Canal View: 1

Floor

Tile: 1

Neighborhood Feature

Airstrip: 1 Fire Hydrant: 1

Interior Features

Bar: 1 Built-in Cabinets: 1 Drapes/Blinds Incl: 1 Quartz Countertops: 1 Smoke Alarms: 1 Whirlpool Bath Tub: 1

Property Condition

Updated/Remodeled: 1

Specialty Rooms

Laundry Room: 1

Building Style

Above Flood: Yes Stilt Column Height: Tall - 10Ft & Over

Windows/Doors

Impact Rstnce Doors: 1 Impact Rstnce Window: 1 Sliding Glass Doors: 1

Vehicle Storage

Car(s): 4+ Carport: 1 Covered Parking: 1 Garage: 1 Guest Parking: 1 RV Parking Open: 1 Attached: 1 Off Street Parking: 1 Trailer Storage: 1

Construction

CBS: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Unfurnished: 1

Terms

Cash: 1 Conventional: 1 VA: 1

Utilities

Cable Available: 1 Elect Separate Meter: 1 Municipal Sewer: 1 Water Separate Meter: 1

Porch/Balcony

Screened P/B: 1 Screened Patio: 1

Title

Negotiable: 1

Exterior Features

Bar: 1 Built-in Grill: 1

Pre-Wired

Cable: 1

Roof

Metal Roof: 1

Shutters

Panel: 1

GF-Interior Features

Programmable Thermst: 1

Status Change Info

Status: Active

Property Features

Fee Includes: None Tax Exemptions: Homestead Waterfront: Canal Front Waterview: Canal View Dockage: Boat Lift; Boat Ramp; Davit Pads; Davits Property Condition: Updated/Remodeled Vehicle Storage: Garage; Carport; Attached; Covered Parking; Guest Parking; Off Street Parking; RV Parking Open; Trailer Storage Furnished: Unfurnished Cooling: Ceiling Fans(s); Central Air; Heat Pump Heating: Ceiling; Central Utilities: Cable Available; Elect Separate Meter; Municipal Sewer; Water Separate Meter Interior Features: Bar; Built-in Cabinets; Drapes/Blinds Incl; Quartz Countertops; Smoke Alarms; Whirlpool Bath Tub Pre-Wired: Cable Specialty Rooms: Laundry Room Appliances: Dishwasher; Dryer; Freezer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Bar; Built-in Grill Construction: CBS Shutters: Panel Floor: Tile Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Airstrip; Fire Hydrant Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; VA Title: Negotiable GF-Interior Features: Programmable Thermst

Room Information

Bedroom 1 Level: Main Bedroom 2 Level: Main Bedroom 3 Level: Main Full Bathroom Level: Main Full Bathroom Level: Main
Listing Office: Realty Executives Florida Keys Summerland Branch
Last Updated: February - 16 - 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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