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OVERSIZED GARAGE. WATERFRONT LIVING. Bring the kayaks and all the Keys toys -there's room for everything at 706 Caribbean Drive East. With some sunset views, a 10,000-pound boat lift, and quick ocean access, this property is built for life on the island. The massive 1,188-square-foot garage below is a dream setup offering space for storage, a workshop, multiple vehicles, and fishing gear. Inside you'll love the kitchen layout for cooking and entertaining. Hardi-board siding, a metal roof installed in 2018, and a fenced yard complete the exterior. If you've been searching for waterfront living without sacrificing storage, this Summerland Key Cove home delivers.

Highlights

  • Residential
  • Single Family Residence
  • Built in 1999
  • 0.19 Acre Lot
  • Waterfront
  • 150 days on Market

  • Bedrooms
    3
  • Bathrooms
    2
  • Year Built
    1999
  • Construction Materials
    HardiPlank Type
  • Parking Features
    Garage, RV Access/Parking, Open, Covered, Carport, Off Street, Storage
  • Interior Features
    Granite Counters
  • Appliances
    Dryer, Dishwasher, Refrigerator, Washer, Range, Oven, Stainless Steel Appliance(s)
  • Furnished
    Unfurnished
  • Exterior Features
    Storage, Rain Gutters
  • Patio And Porch
    Patio, Deck, Porch
  • Security Features
    Smoke Detector(s)
  • Cooling
    Ceiling Fan(s), Central Air
  • Heating
    Electric

  • Acres
    0.19
  • Water Front Features
    Canal Front
  • Water Front
    Yes
  • View
    Canal
  • Utilities
    Cable Available

  • Area
    08 - Summerland Key
  • County
    Monroe
  • City
    Summerland
  • Neighborhood
    Summerland Key Cove (25.0)
  • Zip Code
    33042

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Frequently Asked Questions

How do I schedule a tour of 706 E Caribbean Dr?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 706 E Caribbean Dr.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 706 E Caribbean Dr?

Click Ask a Question to talk with our team. You already know it is a 3 bed, 2 bath, listed for $1,145,000. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Summerland, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 706 E Caribbean Dr?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 706 E Caribbean Dr at around $6,589. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 706 E Caribbean Dr?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Monroe County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 706 E Caribbean Dr?

In most cases, yes. Whether 706 E Caribbean Dr is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Summerland's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 706 E Caribbean Dr?

We can handle that for you. Our preferred local agent specializes in residentials in Summerland and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $1,145,000 with 1,188 sqft of space—that comes out to approximately $964 per square foot.

How long has this property been on the market?

706 E Caribbean Dr was listed on June 14, 2026, which means it's been on the market for 150 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1999, making it approximately 27 years old.

What is the lot size of this property?

706 E Caribbean Dr sits on a 0.19-acre lot, which is 8,276 square feet.

What are the property taxes for 706 E Caribbean Dr?

The most recent public record shows annual property taxes for 706 E Caribbean Dr were approximately $880. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 706 E Caribbean Dr still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data


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IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2026 Florida Keys Board of REALTORS®, Inc.