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

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

Location Tax Legal

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 Style: Single Family Waterfront: Yes Control Depth: 4 Pool: No Year Built: 1963 Lot Size: 60 X 100 Lot SqFt: 6000 Acres: 0.14 Living Apx SqFt: 1407 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: 2025-11-06 Sold Price: $815,422 Status: Closed

Association Info

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

Dockage

Dock Length: 60 Seawall: Concrete

Building Style

Above Flood: No

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.