701 Spanish Main Drive, Unit 602

Summerland Key, FL 33042

$600,000
Price
2
Beds
1
Bath
667 Sq. Ft.
$900 / Sq. Ft.
667
Sq. Ft.
$900
per Sq. Ft.

Description

TURN-KEY property - Currently, there are 66 DAYS ON THE BOOKS, with an average nightly rate of $316.00 TOTAL AROUND $19,500.00! Discover this sought-after waterfront gem priced below $600,000, located in the desirable community of Venture Out on Cudjoe Key in the Lower Florida Keys. This 2-bedroom, 1-bathroom vacation home is nestled within a private residential condominium community, offering 24-hour gated security and patrols. This nicely decorated home comes fully furnished with everything you...TURN-KEY property - Currently, there are 66 DAYS ON THE BOOKS, with an average nightly rate of $316.00 TOTAL AROUND $19,500.00! Discover this sought-after waterfront gem priced below $600,000, located in the desirable community of Venture Out on Cudjoe Key in the Lower Florida Keys. This 2-bedroom, 1-bathroom vacation home is nestled within a private residential condominium community, offering 24-hour gated security and patrols. This nicely decorated home comes fully furnished with everything you need and is currently used as both a beloved second home and a vacation rental. You can easily get in through the side door entrance, which has a ramp, and there's lots of storage underneath and under the porch. The guest bedroom has two twin beds, a TV, a closet, and a stacked washer/dryer. In the master bedroom, you'll find a queen-size bed, TV, closet, and a full bathroom. Also, there's a 35' concrete dock with 5 sturdy posts, a fish cleaning table, cleats, and a swim ladder for quick access to the open water. Residents can enjoy in a multitude of amenities, such as a heated pool, hot tub, marina with a ship store, fuel dock, two boat ramps, fish cleaning and water rinse-down station, two tennis courts, bocce ball, two pickleball courts, basketball, playground, rec hall, and pavilion. With no age restrictions and the allowance for two pets, this home is also TRANSIENT LICENSE (1-day rentals allowed) Review the attached documents, including a spreadsheet with rental projections, to gain insight into the unit's potential. The owner has primarily managed it for personal use rather than as a strict investment.
  1. Listed by Kathryn Baldwin • Berkshire Hathaway Knight & Gardner • 305-294-5155

Property Details for 701 Spanish Main Drive, Unit 602

Waterfront
Canal Front
Waterfront
Yes
Zoning
URML-L - Urban Res Mobile Home Limited Dist
Subdivision
Venture Out (23.0)
Directions
Take US 1 to Cudjoe Key. Turn left onto Spanish Main Dr. Go about 1 mile and turn left into Venture Out.
Building Style
Single Wide w/Add'n
Vehicle Storage
Off Street Parking, Trailer Storage, Vehicle Restrictions

Location

Listing Courtesy of Berkshire Hathaway Knight & Gardner
Add your commute
LISTING UPDATED: 03/11/2024 12:49 PM

Property Details for 701 Spanish Main Drive, Unit 602

StatusActive
MLS #607790
Days on Market142
Taxes$4,595 / year
HOA Fees$902 / quarter
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Mobile Home
Year Built1988
Lot Size0.05 AC / 2,078 SF
CountyMonroe County

Location

Listing Courtesy of Berkshire Hathaway Knight & Gardner
Add your commute

Building Information for 701 Spanish Main Drive, Unit 602

Stories-Year Built1988Building Size-Lot Size0.05 AC / 2,078 SF

Payment Calculator

$3,958 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,274

Property Taxes

$383

HOA Dues

$301

The Payment Calculator is for illustrative purposes only.

Property Information for 701 Spanish Main Drive, Unit 602

Summary
Location and General Information
  • Waterview: Canal View
  • Area: 07 - Cudjoe Key
  • Absolute Longitude: 81.473975
  • Control Depth: 3
  • Off Shore Island: No
  • Listing Board: Key West Association
  • Side: Ocean
  • Mile Marker: 23.0
  • Marathon Neighborhood: N/A
  • Neighborhood Feature: Beach, Fire Hydrant, Other Area Features, Manager on Premises, Handicap Facilities, Clubhouse, Community Pool, Community Dockage, Community Boat Ramp
  • Key/Island: Cudjoe Key
Owner
  • Owner Name: George G Pappas
Taxes and HOA Information
  • Association Info: Mandatory Home Owners Asc: Yes
  • Association Info: 1st Right of Refusal: No
  • License Info: Transient Rntl Licns: Yes
  • Fee Includes: Common Area Mnt, Other, Security
  • Furnished: Furnished
  • Tax Year: 2023
  • Tax Exemptions: None
Property
Lot Information
  • Lot Size: 35 x 70
  • Acres: 0.05
  • Parcel #: 00188681-060400
  • Land Size: Less Than 1/4 Acre
Property and Assessments
  • Legal: LT 602 VENTURE OUT CUDJOE KEY PB6-56 OR509-906 OR518-83 OR678-854 OR1170-632 OR2025-1420 OR2700-1320 OR3107-2332 OR3185
  • MLS Approved: Y
  • Bank Owned: No
  • Limited Representation: No
  • SqFt Source: Property Data Card
  • Flood Zone: AE
  • Rentals Allowed: Yes
  • Deed Restrictions: Unknown
  • Picture Count: 32
  • Document Count: 2
  • Building Style: Above Flood: Unknown
  • Property Condition: Updated/Remodeled
Utilities
  • Utilities: Cable Available, Water Separate Meter, Elect Separate Meter, Municipal Sewer, FKAA
  • Pub Sewer HkUp: Yes
  • Species List: Yes
  • Pool: Yes
  • Handicap Access: Yes
  • Pool Info: Heated: Yes
  • Pool Info: Other Material: YES
  • Pool Info: Concrete, In Ground
  • Porch/Balcony: Deck
Interior and Exterior Features
Interior Features
  • Floor: Laminate
  • Interior Features: Drapes/Blinds Incl, Window Treatments, Smoke Alarms, Storage
  • Pre-Wired: Cable
  • Appliances: Dishwasher, Washer, Refrigerator, Range, Oven, Microwave, Dryer
Exterior Features
  • Shutters: Panel
  • Dockage: Dock Length: 35
  • Dockage: Dock: Concrete
  • Dockage: Seawall: Concrete
  • Construction: Manufactured
  • Windows/Doors: Awning Windows, Single Hung Windows, Sliding Glass Doors

Property History for 701 Spanish Main Drive, Unit 602

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 701 Spanish Main Drive, Unit 602

Taxable ValueLand$200,577Additions$38,311Total$238,888
Tax Record2021$2,894 ($241 / month)
Home Facts
Baths1Total Finished SqFt667 SqFtAbove Grade Finished SqFt667 SqFtStories1Lot Size2,078 SqFtStyleMobile / Manufactured HomeYear Built1988Year Renovated2006CountyMONROEAPN00188681-060400

Schools near 701 Spanish Main Drive, Unit 602

This home is within Monroe.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 6 to 12
Charter - PK to 5
Charter - K to 8
Rating
School
Distance
Sugarloaf School
PublicPK to 8

Big Pine Academy
CharterPK to 5

Sigsbee Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

701 Spanish Main Drive, Unit 602 is a single family home for sale in Summerland Key, FL 33042. This property was listed for sale on December 13, 2023 by Berkshire Hathaway Knight & Gardner, it's currently listed at $600,000. It has been on the market for a total of 142 days and was last sold on July 19, 2022. This listing's school district is Monroe. Nearby schools include Sugarloaf School, Lower Keys Academic Connections for Excellence and Big Pine Academy. 701 Spanish Main Drive, Unit 602 is a 2-bed, 1-bath, 667 sqft single family home built in 1988.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Berkshire Hathaway Knight & Gardner

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.