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Anchor Line Realty

Anchor Line Realty specializes in buyer brokerage, real estate sales listings, and long term property management in Key West & the Florida Keys.

Call: (305) 766-6835

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$5,003,500
1151 Ocean Drive
Summerland Key, FL 33042
MLS# 616984
Status: Closed
5 beds  |  6 baths  |  3952 sqft

 | 

Aerial
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Aerial Oceanfront Lot lines are approximate Aerial Pool Pool Pool Pool Spa Entrance Garage Gorgeous landscaping Circular driveway Circular driveway Living Living Entryway Dining Kitchen Kitchen Kitchen Kitchen Primary suite Primary suite Guest 1 suite Guest 1 ensuite bathroom Guest suite 2 Guest suite 2 Guest suite 2 bathroom Office Guest suite 3 Guest suite 3 Laundry Private Mooring buoy 120,000 lb boatlift 120,000 lb boatlift Beach area Aerial Views of Little Palm Island Private Entrance Private Entrance Lot lines are approximate Lot lines are approximate Lot lines are approximate 3 boat lifts Boat basin Amazing views Desalination system Tiki Dock Dock Dock Dock Aerial Lot lines are approximate

Property Description
This luxe, oceanfront estate will be sold at Luxury AUCTION Without Reserve on December 4, 2025! List price for REFERENCE ONLY. Offered in co-op. with Platinum Luxury Auctions. Inquire for details. Trophy Oceanfront Estate in THE PRIME location on Ocean Dr Summerland Key - surrounded by multi million dollar estates favored by celebrities and business leaders. Fly in and boat out! Located in one of the most exclusive areas of the Florida Keys, this one-of-a-kind estate offers the ultimate blend of luxury, privacy, and unmatched boating access. Set on a beautifully landscaped 37,400 sq ft lot with 120 feet of direct oceanfront, this residence is a rare opportunity to own a property designed for discerning buyers who demand the best. Boaters will be captivated by the 120,000 lb yacht lift, capable of hosting up to a 75 ft vessel—an extraordinary find in the Keys. The estate also features a private mooring buoy, two additional boat lifts, and a private boat basin. With exclusive bay bottom rights, this is a true boater's paradise. Inside, the home boasts 5 bedrooms, 4 full baths, and 2 half baths. The spacious guest suite features a separate sitting area currently set up as a gym with a half bathroom, and a large bedroom with ensuite bathroom. The open-concept living area showcases vaulted ceilings, a chef's kitchen with high-end appliances, and seamless indoor-outdoor flow to a sprawling tiled patio. Enjoy breathtaking views of the Atlantic and Little Palm Island from the raised pool, spa, and covered bar area, perfect for entertaining in style. The estate also includes a private beach, desalination plant, and backup generator, ensuring complete self-sufficiency. Additional highlights: one-car garage, large storage space, circular drive, and lush tropical grounds that evoke a luxury resort. Fly into paradise at Summerland Key Community Airport for residents only - helicopter and small aircraft. This exceptional property offers the pinnacle of Florida Keys living.

Details
Maps
Contract Information
Current Price: $5,003,500
Listing Date: 2025-10-22
Listing Board: Key West Association
Leased Price Monthly: $5,003,500
Location, Tax & Legal
Street #: 1151
Street Name: Ocean
Street Suffix: Drive
Key/Island: Summerland Key
State/Province: FL
Zip Code: 33042
County: Monroe
Subdivision: Summerland Beach (25.0)
Area: 08 - Summerland Key
General Property Description
Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: Yes
Control Depth: 4
Pool: Yes
Year Built: 2007
Lot SqFt: 37400
Acres: 0.81
Living Apx SqFt: 3952
SqFt Source: Appraisal
Total Bedrooms: 5
Full Baths: 4
Half Baths: 2
Total Baths: 6
Rentals Allowed: With Restrictions
Min Rental Days: 30
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Appliances
Other: Desalination system
Building Style
Above Flood: Yes
Status Change Info
Under Contract Date: 2025-12-08
Leased Date: 2026-01-05
Leased Price Monthly: $5,003,500
Status: Closed
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: Oceanfront; Open Water
Waterview: Ocean View; Open Water View
Dockage: Basin; Boat Lift
Vehicle Storage: Garage; Guest Parking; Open Parking; Trailer Storage
Furnished: Negotiable
Cooling: Ceiling Fans(s); Central Air
Heating: Central
Utilities: FKAA; Municipal Sewer; Propane; Whole House Generatr
Interior Features: Built-in Cabinets; Cathedral Ceilings; Drapes/Blinds Incl; Granite Counter Top; Storage; Walk-in Closet(s)
Specialty Rooms: Laundry Room; Workshop
Appliances: Dishwasher; Dryer; Freezer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer; Water Purification
Exterior Features: Bar; Chickee Hut; Fencing; Hot Tub; Lighting; Outdoor Shower; Privacy Wall/Fence; Sandy Beach; Storage
Pool Info: In Ground; Salt Water; Concrete; Decked
Construction: CBS; Concrete
Floor: Tile
Roof: Metal Roof
Pets: Pets Allowed
Neighborhood Feature: Airstrip
Land Size: 1/2 - Less Than 1 AC

Listing Office: The Agency Florida Keys

Last Updated: January - 06 - 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.


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David Austin, Owner/Broker
Anchor Line Realty, LLC
820 Ashe Street
Key West, FL 33040
www.anchorlinerealty.com
[email protected]
305.766.6835
Member, National Association of Realtors (NAR)
Member, Florida Association of Realtors (FAR)
Member, Key West Association of Realtors (KWAR)