1151 Ocean Drive, Summerland Key, FL 33042

$5,003,500
Property Type: Residential Bedrooms: 5 Baths: 6 Square Footage: 3,952 Lot Size (sq. ft.): 37,400 Status: Closed
Current Price: $5,003,500 List Date: 10/22/2025 Last Modified: 1/06/2026

Description

This luxe, oceanfront estate will be sold at Luxury AUCTION Without Reserve on December 4, 2025! List price for REFERENCE ONLY. Offered in co-op. with Platinum Luxury Auctions. Inquire for details. Trophy Oceanfront Estate in THE PRIME location on Ocean Dr Summerland Key - surrounded by multi million dollar estates favored by celebrities and business leaders. Fly in and boat out! Located in one of the most exclusive areas of the Florida Keys, this one-of-a-kind estate offers the ultimate blend of luxury, privacy, and unmatched boating access. Set on a beautifully landscaped 37,400 sq ft lot with 120 feet of direct oceanfront, this residence is a rare opportunity to own a property designed for discerning buyers who demand the best. Boaters will be captivated by the 120,000 lb yacht lift, capable of hosting up to a 75 ft vessel—an extraordinary find in the Keys. The estate also features a private mooring buoy, two additional boat lifts, and a private boat basin. With exclusive bay bottom rights, this is a true boater's paradise. Inside, the home boasts 5 bedrooms, 4 full baths, and 2 half baths. The spacious guest suite features a separate sitting area currently set up as a gym with a half bathroom, and a large bedroom with ensuite bathroom. The open-concept living area showcases vaulted ceilings, a chef's kitchen with high-end appliances, and seamless indoor-outdoor flow to a sprawling tiled patio. Enjoy breathtaking views of the Atlantic and Little Palm Island from the raised pool, spa, and covered bar area, perfect for entertaining in style. The estate also includes a private beach, desalination plant, and backup generator, ensuring complete self-sufficiency. Additional highlights: one-car garage, large storage space, circular drive, and lush tropical grounds that evoke a luxury resort. Fly into paradise at Summerland Key Community Airport for residents only - helicopter and small aircraft. This exceptional property offers the pinnacle of Florida Keys living.

More Information MLS# 616984

Contract Information

Current Price: $5,003,500 Listing Date: 2025-10-22 Listing Board: Key West Association Sold Price: $5,003,500

Location Tax Legal

Street #: 1151 Street Name: Ocean Street Suffix: Drive Key/Island: Summerland Key State/Province: FL Zip Code: 33042 County: Monroe Subdivision: Summerland Beach (25.0) Area: 08 - Summerland Key

General Property Description

Realtor.COM Type: Residential - Single Family Style: Single Family Waterfront: Yes Control Depth: 4 Pool: Yes Year Built: 2007 Lot SqFt: 37400 Acres: 0.81 Living Apx SqFt: 3952 SqFt Source: Appraisal Total Bedrooms: 5 Full Baths: 4 Half Baths: 2 Total Baths: 6 Rentals Allowed: With Restrictions Min Rental Days: 30

Status Change Info

Sold Date: 2026-01-05 Sold Price: $5,003,500 Status: Closed

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Building Style

Above Flood: Yes

Appliances

Other: Desalination system

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Oceanfront; Open Water Waterview: Ocean View; Open Water View Dockage: Basin; Boat Lift Vehicle Storage: Garage; Guest Parking; Open Parking; Trailer Storage Furnished: Negotiable Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: FKAA; Municipal Sewer; Propane; Whole House Generatr Interior Features: Built-in Cabinets; Cathedral Ceilings; Drapes/Blinds Incl; Granite Counter Top; Storage; Walk-in Closet(s) Specialty Rooms: Laundry Room; Workshop Appliances: Dishwasher; Dryer; Freezer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer; Water Purification Exterior Features: Bar; Chickee Hut; Fencing; Hot Tub; Lighting; Outdoor Shower; Privacy Wall/Fence; Sandy Beach; Storage Pool Info: In Ground; Salt Water; Concrete; Decked Construction: CBS; Concrete Floor: Tile Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Airstrip Land Size: 1/2 - Less Than 1 AC
Listing Office: The Agency Florida Keys
Last Updated: January - 06 - 2026
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