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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: 2/14/2026

Overview

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 ...

Listing Details MLS# 618272

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
City
Summerland
Off Shore Island
No
Mile Marker
25.5
Marathon Neighborhood
N/A
Side
Ocean
Flood Zone
AE
Alternate Key #
1261343
Handicap Access
No
Parcel #
00198932-004400
Zoning
IS - Improved Subivision District
Deed Restrictions
No
Legal
BK 3 LT 1 SUMMERLAND COVE ISLES PB6-67 OR594-157 OR808-665 OR1029-436/441WILL OR1394-395 OR1465-1859/72FJ OR1479-1583/8
Taxes
6309.43
Tax Year
2025
Pub Sewer HkUp
Yes

Contract Information

Listing Board
Key West Association
As is Rght to Inspct
Yes
Species List
No

General Property Description

Realtor.COM Type
Residential - Single Family
Style
Single Family
Waterfront
Yes
Control Depth
5
Pool
No
Year Built
1974
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
Total Units
0

Association Info

Mandatory Home Owners Asc
No
Voluntary Home Owners Asc
Yes
1st Right of Refusal
No
Assoc Approval Req
No
Association Fee $
0

Dockage

Dock Length
70
Seawall
Concrete
Boat Lift
Yes
Boat Ramp
Yes
Davit Pads
Yes
Davits
Yes

More Information

Building Style

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

Vehicle Storage

Car(s)
4+
Carport
Yes
Covered Parking
Yes
Garage
Yes
Guest Parking
Yes
RV Parking Open
Yes
Attached
Yes
Off Street Parking
Yes
Trailer Storage
Yes

Appliances

Other
2 drawer freezer
Dishwasher
Yes
Dryer
Yes
Freezer
Yes
Microwave
Yes
Oven
Yes
Range
Yes
Refrigerator
Yes
Stainless Steel Appliance(s)
Yes
Washer
Yes

Remarks & Misc

Remarks – Consumer
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
Directions
US1 to Caribbean Drive, Left on Caribbean Drive E. Turn Right onto Isles Blvd. House is on the corner of Isles Blvd and Bay Drive

Fee Includes

None
Yes

Tax Exemptions

Homestead
Yes

Pets

Pets Allowed
Yes

Cooling

Ceiling Fans(s)
Yes
Central Air
Yes
Heat Pump
Yes

Heating

Ceiling
Yes
Central
Yes

Waterfront

Canal Front
Yes

Waterview

Canal View
Yes

Floor

Tile
Yes

Neighborhood Feature

Airstrip
Yes
Fire Hydrant
Yes

Interior Features

Bar
Yes
Built-in Cabinets
Yes
Drapes/Blinds Incl
Yes
Quartz Countertops
Yes
Smoke Alarms
Yes
Whirlpool Bath Tub
Yes

Property Condition

Updated/Remodeled
Yes

Specialty Rooms

Laundry Room
Yes

Windows/Doors

Impact Rstnce Doors
Yes
Impact Rstnce Window
Yes
Sliding Glass Doors
Yes

Construction

CBS
Yes

Land Size

Less Than 1/4 Acre
Yes

Furnished

Unfurnished
Yes

Terms

Cash
Yes
Conventional
Yes
VA
Yes

Utilities

Cable Available
Yes
Elect Separate Meter
Yes
Municipal Sewer
Yes
Water Separate Meter
Yes

Porch/Balcony

Screened P/B
Yes
Screened Patio
Yes

Title

Negotiable
Yes

Exterior Features

Bar
Yes
Built-in Grill
Yes

Pre-Wired

Cable
Yes

Roof

Metal Roof
Yes

Shutters

Panel
Yes

GF-Interior Features

Programmable Thermst
Yes

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

Room Name Level
Bedroom 1 Main
Bedroom 2 Main
Bedroom 3 Main
Full Bathroom Main
Full Bathroom Main
Listing Office: Realty Executives Florida Keys Summerland Branch
Last Updated: February - 14 - 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.