481 E Shore Drive, Summerland Key, FL 33042 (MLS# 621388)

481 E Shore Drive, Summerland Key, FL 33042

$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

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

Dockage

Dock Length
180

More Information

Building Style

Above Flood
Yes
# Stories
3 Stories

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.