554 W Shore Drive, Summerland Key, FL 33042

$815,422
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,407 Lot Size (sq. ft.): 6,000 Status: Closed
Current Price: $815,422 List Date: 10/20/2025 Last Modified: 11/09/2025

Description

Experience waterfront living at its finest at 554 W Shore Drive in Summerland Key. This elegant one level, elevated and turn-key coastal residence offers the perfect blend of modern comfort and timeless Keys charm, set on a wide canal with quick and easy, deep-water access to both the Atlantic and Gulf waters. Inside, you'll find an open-concept living space and split floor plan filled with natural light, high ceilings, and stunning water views, creating a seamless flow between indoor and outdoor living. The kitchen is designed for both entertaining and everyday convenience, while spacious bedrooms with updated bathrooms provide a serene retreat after a day on the water and two separate living rooms give everyone refuge to relax and recharge. The expansive patio and dock area with Tiki hut and outdoor shower are ideal for hosting sunset gatherings, enjoying morning coffee by the water, or launching your boat from your boat lift for a day of adventure. Low maintenance, tropically landscaped and fenced lot with large detached storage and laundry room completes the home. Rooftop solar panels were installed in 2023 significantly reducing electricity costs, with power bill rarely going over $100 per month. With its refined design and unbeatable location, this home is perfect as a private oasis, a luxury vacation retreat, or a dream permanent residence in the Florida Keys. Assumable loan at 2.25% with principal and interest payment at $2215 per month!

More Information MLS# 616309

Contract Information

Listing Board: Key West Association As is Rght to Inspct: Yes Current Price: $815,422 Listing Date: 2025-08-28 Sold Price: $815,422

Location, Tax & Legal

City: Summerland Mile Marker: 25 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE-8 Alternate Key #: 1253766 Parcel #: 00191880-000000 Zoning: IS - Improved Subivision District Deed Restrictions: Unknown Legal: BK 2 LT 21 SUMMERLAND KEY COVE ADDITION 5 PB5-40 SUMMERLAND KEY OR523-775 OR1108-94 OR1176-1376 OR1318-112 OR1318-122 O Taxes: 6437.61 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 554 Direction: W Street Name: Shore Street Suffix: Drive Key/Island: Summerland Key State/Province: FL Zip Code: 33042 County: Monroe Subdivision: Summerland Key Cove (25.0) Area: 08 - Summerland Key

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: Yes Control Depth: 4 Lot Size: 60 X 100 Lot SqFt: 6000 Pool: No Total Units: 0 Acres: 0.14 SqFt Source: Property Data Card Rentals Allowed: With Restrictions Min Rental Days: 28 Style: Single Family Year Built: 1963 Living Apx SqFt: 1407 Total Bedrooms: 3 Full Baths: 2 Total Baths: 2

Remarks & Misc

Remarks – Consumer: Experience waterfront living at its finest at 554 W Shore Drive in Summerland Key. This elegant one level, elevated and turn-key coastal residence offers the perfect blend of modern comfort and timeless Keys charm, set on a wide canal with quick and easy, deep-water access to both the Atlantic and Gulf waters. Inside, you'll find an open-concept living space and split floor plan filled with natural light, high ceilings, and stunning water views, creating a seamless flow between indoor and outdoor living. The kitchen is designed for both entertaining and everyday convenience, while spacious bedrooms with updated bathrooms provide a serene retreat after a day on the water and two separate living rooms give everyone refuge to relax and recharge. The expansive patio and dock area with Tiki hut and outdoor shower are ideal for hosting sunset gatherings, enjoying morning coffee by the water, or launching your boat from your boat lift for a day of adventure. Low maintenance, tropically landscaped and fenced lot with large detached storage and laundry room completes the home. Rooftop solar panels were installed in 2023 significantly reducing electricity costs, with power bill rarely going over $100 per month. With its refined design and unbeatable location, this home is perfect as a private oasis, a luxury vacation retreat, or a dream permanent residence in the Florida Keys. Assumable loan at 2.25% with principal and interest payment at $2215 per month!

Association Info

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

Fee Includes

None: 1

Dockage

Dock Length: 60 Boat Lift: 1 Seawall: Concrete

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Range: 1 Refrigerator: 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Waterfront

Canal Front: 1

Waterview

Canal View: 1

Floor

Tile: 1

Neighborhood Feature

Airstrip: 1

Interior Features

Bar: 1 Drapes/Blinds Incl: 1

Specialty Rooms

Sun/Florida Room: 1 Utility Room: 1 Workshop: 1

Building Style

Above Flood: No

Windows/Doors

Sliding Glass Doors: 1

Vehicle Storage

Open Parking: 1 Off Street Parking: 1

Construction

CBS: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Furnished: 1

Terms

Assumable: 1 Cash: 1 Conventional: 1 No Seller Finance: 1 VA: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Open Porch/Balcony: 1 Patio: 1

Title

Negotiable: 1

Exterior Features

Chickee Hut: 1 Fencing: 1 Lighting: 1 Outdoor Shower: 1 Shed: 1 Storage: 1

Roof

Metal Roof: 1

Shutters

Bahama: 1 Panel: 1

Status Change Info

Sold Date: 2025-11-06 Sold Price: $815,422 Status: Closed

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Canal Front Waterview: Canal View Dockage: Boat Lift Vehicle Storage: Off Street Parking; Open Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Utilities: FKAA; Municipal Sewer Interior Features: Bar; Drapes/Blinds Incl Specialty Rooms: Sun/Florida Room; Utility Room; Workshop Appliances: Dishwasher; Disposal; Dryer; Range; Refrigerator; Washer Exterior Features: Chickee Hut; Fencing; Lighting; Outdoor Shower; Shed; Storage Construction: CBS Shutters: Bahama; Panel Floor: Tile Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Airstrip Land Size: Less Than 1/4 Acre Terms: Assumable; Assumable; Cash; Conventional; No Seller Finance; VA Title: Negotiable
Listing Office: Island Life Realty Experts
Last Updated: November - 09 - 2025
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.