540 W Point Drive, Sugarloaf Key, FL 33042

$1,685,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,570 Lot Size (sq. ft.): 10,000 Status: Closed
Current Price: $1,685,000 List Date: 5/02/2023 Last Modified: 3/19/2026

Description

Welcome to your very own tropical paradise in highly sought-after Sugarloaf Shores neighborhood! This island gem epitomizes the coveted Keys lifestyle, complete with expertly-utilized downstairs entertaining space, an upstairs loft and a wealth of luxurious features. The home boasts an oversized lot, well-maintained exterior, brick paver driveway, and gated entry, offering added privacy and security. The property is adorned with lush tropical landscaping and comes fully equipped for entertaining. The stunning heated pool with beach entry and an in-ground hot tub for ultimate relaxation. Grill your fresh catch from the comfort of the large covered patio, boasting pristine Canal Views. For those who love to be on the water, the 100 ft concrete dock with davits provides easy access for boating and fishing. Rinse off after a long day in the sun in the luxurious outdoor shower. This home offers partial Open Water Views from the screened-in patio and open upstairs observation deck, creating the perfect atmosphere for al fresco dining. The fully equipped kitchen features a dual-fuel range and a spacious kitchen island with bar seating for casual dining or entertaining guests. The open-concept living space boasts high ceilings and pocket sliding glass doors, creating an open and airy atmosphere. The primary bedroom features an en suite bathroom and porch access, while the guest bedroom and upstairs loft offer additional space for visitors. An abundance of covered and open parking and storage make this home perfect for those with multiple vehicles and toys. An RV hookup on the property offers additional convenience. Unpack and relax in this picturesque island getaway. Your dream Florida Keys lifestyle awaits!

More Information MLS# 605141

Contract Information

Current Price: $1,685,000 Listing Date: 2023-05-02 Listing Board: Marathon/Lower Keys Sold Price: $1,685,000 As is Rght to Inspct: Yes Species List: Yes

Location Tax Legal

Street #: 540 Direction: W Street Name: Point Street Suffix: Drive Key/Island: Sugarloaf Key State/Province: FL Zip Code: 33042 County: Monroe Subdivision: Sugarloaf Shores (17.0) Area: 06 - Bay Point to Sugarloaf

General Property Description

Realtor.COM Type: Residential - Single Family Style: Single Family Waterfront: Yes Control Depth: 3 Pool: Yes Year Built: 1989 Lot SqFt: 10000 Lot Sqft Source: Property Data Card Acres: 0.23 Living Apx SqFt: 1570 SqFt Source: Property Data Card Total Bedrooms: 3 Full Baths: 2 Total Baths: 2 Rentals Allowed: With Restrictions Min Rental Days: 28

Status Change Info

Sold Date: 2023-06-29 Sold Price: $1,685,000 Status: Closed

Association Info

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

Dockage

Dock Length: 100 Dock: Concrete

Building Style

Above Flood: Yes

Pool Info

Heated: Yes

Property Features

Fee Includes: None Tax Exemptions: Homestead Waterfront: Canal Front Waterview: Canal View Dockage: Davits Vehicle Storage: Garage; Attached; Covered Parking; Off Street Parking; Open Parking; RV Parking Open Furnished: Negotiable Cooling: Central Air Utilities: Buyer to Verify; FKAA; Municipal Sewer Interior Features: Built-in Cabinets; Cathedral Ceilings; Sky Light(s); Storage Specialty Rooms: Loft Appliances: Dishwasher; Dryer; Gas Appliances; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Bar; Fencing; Hot Tub; Lighting; Outdoor Shower; Storage Pool Info: In Ground; Salt Water Construction: CBS Shutters: Bahama Floor: Carpet; Tile; Wood Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Bike Paths Land Size: Less Than 1/4 Acre Terms: Cash; Conventional Title: Negotiable
Listing Office: Coldwell Banker Schmitt Lower Keys (KW)
Last Updated: March - 19 - 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.