887 Bay Drive, Summerland Key, FL 33042

$1,595,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,022 Lot Size (sq. ft.): 7,439 Status: Active
Current Price: $1,595,000 List Date: 1/23/2026 Last Modified: 2/16/2026

Description

This 3-bedroom, 3-bath concrete fortress on a deep water canal (5' draft) is located in the highly sought-after Summerland Cove with quick access to both the Gulf and Atlantic—just a 15-minute boat ride to open ocean—this home is a true boater's paradise. Additionally, enjoy Airstrip rights as part of the Summerland Airport community. Set on a generous 75' x 100' corner lot, the property offers exceptional dockage, thoughtful upgrades, and wonderful potential to further customize your Keys dream home. Designed for the boating lifestyle, featuring: • A 50' wide deep-water canal allows for larger boats • 15,000 lb boat lift, two-8,000 lb davits, and 75 ft seawall with swim ladder • A concrete boat launch that has been decked for easy access. • Parking for 5 vehicles with a three-bay carport + Garage / Workshop space with full bath and 11' ceiling height • RV Parking with 45' concrete runners • A 75' x 100' corner lot with plenty of room for a pool Pull in the garage, protected from the rain and bring your groceries up the inside stairwell. Inside, you'll find a welcoming blend of coastal charm and modern updates: • Renovated kitchen with stainless steel appliances and built in double drawer freezer • Air-conditioned screened porch with sunrise views • Built-in propane pizza oven with vent — perfect for entertaining • New water heater (2025), new epoxy walkway flooring (2025), and unique aluminum railings (2025) • Recent exterior paint, metal roof (2018), hurricane shutters, and hurricane-impact windows to be installed prior to closing • Airport community As a final bonus, a Key West 244 Bluewater center console with 250 Suzuki is available for separate purchase — making it even easier to step straight into the Keys boating lifestyle. This is a rare opportunity to own a beautiful home in one of the Lower Keys' most desirable neighborhood. Seller is Licensed Florida Realtor and listing agent

More Information MLS# 618272

Contract Information

Current Price: $1,595,000 Listing Date: 2026-01-22 Listing Board: Key West Association List Price: $1,595,000 As is Rght to Inspct: Yes Species List: No

Location Tax Legal

Street #: 887 Street Name: Bay Street Suffix: Drive Key/Island: Summerland Key State/Province: FL Zip Code: 33042 County: Monroe Subdivision: Summerland Cove Isle (25.5) Area: 08 - Summerland Key

General Property Description

Realtor.COM Type: Residential - Single Family Style: Single Family Waterfront: Yes Control Depth: 5 Pool: No Year Built: 1974 Lot Size: 70' x 100' Lot SqFt: 7439 Lot Sqft Source: Property Data Card Acres: 0.17 Living Apx SqFt: 2022 SqFt Source: Seller Total Bedrooms: 3 Full Baths: 3 Total Baths: 3 Rentals Allowed: With Restrictions Min Rental Days: 28

Status Change Info

Status: Active

Association Info

Mandatory Home Owners Asc: No Voluntary Home Owners Asc: Yes 1st Right of Refusal: No Assoc Approval Req: No

Dockage

Dock Length: 70 Seawall: Concrete

Building Style

Above Flood: Yes Stilt Column Height: Tall - 10Ft & Over

Vehicle Storage

Car(s): 4+

Appliances

Other: 2 drawer freezer

Property Features

Fee Includes: None Tax Exemptions: Homestead Waterfront: Canal Front Waterview: Canal View Dockage: Boat Lift; Boat Ramp; Davit Pads; Davits Property Condition: Updated/Remodeled Vehicle Storage: Garage; Carport; Attached; Covered Parking; Guest Parking; Off Street Parking; RV Parking Open; Trailer Storage Furnished: Unfurnished Cooling: Ceiling Fans(s); Central Air; Heat Pump Heating: Ceiling; Central Utilities: Cable Available; Elect Separate Meter; Municipal Sewer; Water Separate Meter Interior Features: Bar; Built-in Cabinets; Drapes/Blinds Incl; Quartz Countertops; Smoke Alarms; Whirlpool Bath Tub Pre-Wired: Cable Specialty Rooms: Laundry Room Appliances: Dishwasher; Dryer; Freezer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Bar; Built-in Grill Construction: CBS Shutters: Panel Floor: Tile Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Airstrip; Fire Hydrant Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; VA Title: Negotiable GF-Interior Features: Programmable Thermst

Room Information

Bedroom 1 Level: Main Bedroom 2 Level: Main Bedroom 3 Level: Main Full Bathroom Level: Main Full Bathroom Level: Main
Listing Office: Realty Executives Florida Keys Summerland Branch
Last Updated: February - 16 - 2026
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