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Foreclosure Homes in Summerland Key, FL 33042

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Summerland Key, FL Foreclosures

How much do homes sell for in Summerland Key, FL?
The average home price is currently $1,211,592.
In Summerland Key, FL, how many homes are available?
There are currently 12 active home listings available in Summerland Key.
What’s the average rental cost in Summerland Key, FL?
The average rental price in Summerland Key is $2,889.
What is the most expensive home in Summerland Key?
The most expensive home sold in Summerland Key had a price of $17,121,900.
What is currently the cheapest priced home in Summerland Key, FL?
The cheapest home for sale in Summerland Key is priced at $50,863.

Living in Summerland Key, FL

Summerland Key is a vibrant community located in Monroe County, Florida. Known for its stunning waterfront properties and beautiful natural scenery, it is a paradise for water enthusiasts and nature lovers alike. The area boasts a relaxed island lifestyle with close proximity to Key West and several recreational opportunities, making it a desirable place for both residents and tourists.

Current Market Conditions in Summerland Key, FL

The real estate market in Summerland Key shows a growing interest among buyers looking for second homes and vacation properties. The demand for waterfront real estate continues to increase, leading to a rise in property values as buyers seek the natural beauty and recreational opportunities the area offers.

Currently, the fair balance between supply and demand characterizes the market, allowing for steady appreciation in property values. As more buyers discover the charm of Summerland Key, the market is expected to strengthen further.

Home Value Estimator For Summerland Key, FL

There are currently 1,959 real estate properties in Summerland Key, FL, with a median automated valuation model (AVM) price of $1,009,660.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Summerland Key, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Summerland Key, FL, is $1,211,592.00, with the most expensive house in Summerland Key, FL, topping out at $17,121,900.00 and the cheapest home in Summerland Key, FL, clocking in at $50,863.00. In other words, there’s something for every potential homebuyer or savvy investor in Summerland Key, FL!

Rent Prices In Summerland Key, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Summerland Key, FL, is on a rollercoaster ride. The average rent price in Summerland Key, FL, is $2,889.00. Indeed, when looking to rent in Summerland Key, FL, you can expect to pay as little as $1,370.00 or as much as $4,620.00, with the average rent median estimated to be $2,840.00. The good news is that finding an affordable and desirable property to rent in Summerland Key, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Summerland Key, FL 33042 Foreclosures


Market Trend for Summerland Key, FL

Total Listings Available: 12

Market Values:

Home Prices from $50,863 to $17,121,900

Average Sales Price: $1,211,592

Rental Values:

Rental from $1,370 to $4,620

Average Rent Value: $2,889 / month

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