NOT LISTED FOR SALE

1 Palama Way Stuart, FL 34996

Sewall's Point Neighborhood

Estimated Value: $1,728,000 - $2,149,000

5 Beds
4 Baths
4,622 Sq Ft
$429/Sq Ft Est. Value

Last Sold August 12, 2020

Last sale price $1,110,100 $240 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $12,185/month

16 Days on Market

Highlights

  • Cabana
  • Colonial Architecture
  • Main Floor Primary Bedroom
  • Jensen Beach High School Rated A
  • Marble Flooring
  • Outdoor Kitchen

About This Home

As of August 2020

Located in the highly sought-after Sewall's Point enclave of Castle Hill, this meticulously cared-for showplace residence delivers tasteful luxury on a lush half-acre lot. Located outside mandatory flood insurance zone. New roof in 2017, 22kw whole-home generator, complete hurricane protection in 2019 (including impact windows upstairs), 750 gal. total propane tanks, complete summer kitchen, and free-form salt pool/spa with heat and child fencing. Inside, the floor plan shines: five bedrooms, plus dedicated office, formal dining, AND appx. 700sf flex room. Wood and marble flooring, crown molding, custom millwork throughout home. Downstairs master offers two walk-in custom closets, and separate tub/shower. Updated kitchen features gas range, double ovens, pantry, and ample counters. Four guest bedrooms enjoy beautiful vistas, access to an expansive upstairs full-front balcony, and custom closets. Voluminous 3-car garage provides additional storage. Public water AND sewer.

Last Agent to Sell the Property

Stephen Ngo

Illustrated Properties License #3285900 Listed on: 06/27/2020

Illustrated Properties

Last Buyer's Agent

Larry Pettit

RE/MAX Prestige Realty License #474073

RE/MAX Prestige Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,767

Year Built

  • Built in 1995

Lot Details

  • 0.53 Acre Lot
  • North Facing Home
  • Fenced Yard
  • Sprinkler System

HOA Fees

  • $95 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Georgian Architecture
  • Frame Construction
  • Tile Roof
  • Concrete Roof

Interior Spaces

  • 4,622 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Built-In Features
  • Bar
  • Wood Burning Fireplace
  • Shutters
  • French Doors
  • Entrance Foyer
  • Formal Dining Room
  • Open Floorplan
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • 4 Full Bathrooms
  • Bathtub
  • Separate Shower

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Hurricane or Storm Shutters
  • Impact Glass
  • Fire and Smoke Detector

Parking

  • 3 Car Garage
  • Garage Door Opener

Pool

  • Cabana
  • Concrete Pool
  • Heated In Ground Pool
  • Free Form Pool
  • Saltwater Pool
  • Fence Around Pool
  • Pool Sweep
  • Automatic Pool Chlorinator
  • Pool Equipment or Cover
  • Spa

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Outdoor Kitchen
  • Exterior Lighting
  • Outdoor Grill

Schools

  • Felix A Williams Elementary School
  • Stuart Middle School
  • Jensen Beach High School

Utilities

  • Humidifier
  • Zoned Heating and Cooling
  • Generator Hookup
  • Power Generator
  • Gas Water Heater
  • Cable TV Available

Community Details

Overview

  • Association fees include common areas

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,767

Year Built

Built in 1995

Lot Details

0

HOA Fees

$95 per month

Listing Details

  • Architectural Style: Colonial, Georgian
  • Directions: From Sewall's Point Town Hall, proceed north towards Jensen Beach on North Sewall's Point Road. Castle Hill neighborhood on left. Make first left and proceed to Palama Way. From Jensen Beach, enter the Town of Sewall's Point and enter the Castle Hill neighborhood on right.
  • Lot Size Acres: 0.53
  • Property Attached Yn: No
  • Property Sub Type: Detached
  • Property Sub Type Additional: Detached,Single Family Residence
  • Prop. Type: Residential
  • Building Stories: 2
  • Subdivision Name: Castle Hill
  • Year Built: 1995
  • Ownership: Fee Simple
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer, Humidifier
  • Full Bathrooms: 4
  • Possible Bedrooms: 7
  • Total Bedrooms: 5
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Marble, Tile, Wood
  • Furnished: Unfurnished
  • Interior Amenities: Attic, Wet Bar, Built-in Features, Breakfast Area, Bathtub, Closet Cabinetry, Separate/Formal Dining Room, Entrance Foyer, Family/Dining Room, French Door(s)/Atrium Door(s), Fireplace, Kitchen/Dining Combo, Master Downstairs, Living/Dining Room, Pantry, Pull Down Attic Stairs, Sitting Area in Master, Split Bedrooms, Separate Shower, Bar, Walk-In Closet(s)
  • Living Area: 4622.0
  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Stories: 2
  • Window Features: Impact Glass, Shutters

Exterior Features

  • Construction Type: Frame
  • Direction Faces: North
  • Disclosures: None
  • Exterior Features: Balcony, Fence, Sprinkler/Irrigation, Lighting, Outdoor Grill, Outdoor Kitchen, Patio, Storm/Security Shutters
  • Fencing: Yard Fenced
  • Lot Features: Sprinklers Automatic
  • Other Structures: Cabana
  • Patio And Porch Features: Balcony, Covered, Patio
  • Pool Features: Automatic Chlorination, Concrete, Fenced, Free Form, Heated, In Ground, Pool Equipment, Private, Pool Sweep, Salt Water
  • Pool Private: Yes
  • Roof: Concrete, Tile
  • Waterfront: No

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Parking Features: Garage Door Opener
  • Total Parking Spaces: 3.0

Utilities

  • Cooling: Central Air, Electric, Zoned
  • Cooling Y N: Yes
  • Electric: Generator, Generator Hookup
  • Heating: Central, Electric, Zoned
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup
  • Security: Security System, Fenced, Smoke Detector(s)
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection, Water Available, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 95.0
  • Association: Yes
  • Community Features: Trails/Paths
  • Pets Allowed: Number Limit, Yes
  • Senior Community: No

Fee Information

  • Association Fee Includes: Common Areas

Schools

  • Elementary School: Felix A Williams
  • High School: Jensen Beach
  • Middle Or Junior School: Stuart

Lot Info

  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 13767.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2020
Closed on
Aug 6, 2020
Sold by
Hoyos Erika Madrigal and Tota Frank P
Bought by
Seefried Margaret and Seefried William
Seller's Agent
Stephen Ngo
Illustrated Properties
Buyer's Agent
Larry Pettit
RE/MAX Prestige Realty
List Price
$1,099,000
Sold Price
$1,110,100
Premium/Discount to List
$11,100
1.01%
Current Estimated Value
$1,982,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$872,483
Avg. Annual Appreciation
11.59%
Original Mortgage
$440,000
Outstanding Balance
$222,493
Interest Rate
2.46%
Mortgage Type
New Conventional
Estimated Equity
$1,760,090

Purchase Details

Listed on
Feb 1, 2017
Closed on
Jun 1, 2017
Sold by
Bruner Jeffrey C and Bruner Martha C
Bought by
Tota Frank P and Hoyos Erika Madrigal
Seller's Agent
Chris Clifford
Willoughby Realty Inc
List Price
$949,000
Sold Price
$910,000
Premium/Discount to List
-$39,000
-4.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.43%
Original Mortgage
$818,900
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 29, 2012
Closed on
Sep 18, 2012
Sold by
Karr Stephen L and Karr Suzanne P
Bought by
Bruner Jeffrey C and Bruner Martha C
Seller's Agent
Jennifer Conway
RE/MAX of Stuart
Buyer's Agent
NON MEMBER
List Price
$875,000
Sold Price
$842,000
Premium/Discount to List
-$33,000
-3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.66%
Original Mortgage
$741,500
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 1994
Sold by
Maddock Paul L
Bought by
Karr Stephen L and Karr Suzanne P

Purchase Details

Closed on
Apr 29, 1994
Bought by
Bruner Jeffrey C and Bruner Martha
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Seefried Margaret $1,110,100 Attorney
Tota Frank P $910,000 None Available
Bruner Jeffrey C $824,000 Attorney
Karr Stephen L $113,000 --
Bruner Jeffrey C $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seefried Margaret $440,000
Closed Seefried Margaret $510,000
Previous Owner Tota Frank P $818,900
Previous Owner Bruner Jeffrey C $741,500
Previous Owner Karr Stephen L $249,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/12/2020 08/12/20 Sold $1,110,100 +1.0% $240 / Sq Ft
07/13/2020 07/13/20 Pending -- -- --
06/27/2020 06/27/20 For Sale $1,099,000 +20.8% $238 / Sq Ft
06/06/2017 06/06/17 Sold $910,000 -4.1% $197 / Sq Ft View Prior Sale
05/07/2017 05/07/17 Pending -- -- --
02/01/2017 02/01/17 For Sale $949,000 +12.7% $205 / Sq Ft
09/18/2012 09/18/12 Sold $842,000 -3.8% $182 / Sq Ft View Prior Sale
08/19/2012 08/19/12 Pending -- -- --
06/29/2012 06/29/12 For Sale $875,000 -- $189 / Sq Ft
Source: Martin County REALTORS® of the Treasure Coast

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,299 $1,302,024 -- --
2024 $19,621 $1,265,330 $1,265,330 $665,330
2023 $19,621 $1,111,748 $0 $0
2022 $18,136 $1,010,680 $0 $0
2021 $16,043 $918,800 $270,000 $648,800
2020 $13,525 $789,180 $250,000 $539,180
2019 $13,767 $796,770 $250,000 $546,770
2018 $13,492 $774,710 $255,000 $519,710
2017 $7,858 $515,893 $0 $0
2016 $8,087 $505,281 $0 $0
2015 $7,545 $501,769 $0 $0
2014 $7,545 $497,788 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Stephen Ngo

    Seller's Agent in 2020

    Stephen Ngo

    Illustrated Properties

    (303) 520-5947

    2 in this area

    91 Total Sales

    Stephen Ngo
    Section Image
  • Larry Pettit

    Buyer's Agent in 2020

    Larry Pettit

    RE/MAX

    (561) 262-4949

    13 Total Sales

    Larry Pettit
    Section Image

  • C

    Seller's Agent in 2017

    Chris Clifford

    Willoughby Realty Inc

  • Jennifer Conway

    Seller's Agent in 2012

    Jennifer Conway

    RE/MAX

    1 in this area

    23 Total Sales

    Jennifer Conway
    Section Image

  • N

    Buyer's Agent in 2012

    NON MEMBER

See All Agents

Map

Source: Martin County REALTORS® of the Treasure Coast

MLS Number: M20024374

Martin County REALTORS® of the Treasure Coast

APN: 26-37-41-015-000-00260-9

Florida Martin County Stuart 34996 Sewall's Point

1 Palama Way, Stuart, FL

Not Listed for Sale

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Listing broker has attempted to offer accurate data, but buyers are advised to confirm all information.

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