NOT LISTED FOR SALE

1002 Down Reserve Ct Windermere, FL 34786

Estimated Value: $2,964,000 - $5,229,114

5 Beds
5.5 Baths
5,531 Sq Ft
$748/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $3,750,000 $678 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $27,563/month

14 Days on Market

Highlights

  • 252 Feet of Waterfront
  • New Construction
  • Lake View
  • Windermere Elementary School Rated A
  • In Ground Pool
  • Open Floorplan

About This Home

As of December 2021

Brand new lakefront custom by Element Home Builders, in guard gated Lake Down Reserve. Beautifully sited on over an acre directly on Lake Down, of the Butler Chain of Lakes, this home has been designed with family comfort and entertaining in mind. By employing stunning finishes with a casual easy living style the home is ideal. A wall of glass in family areas draws focus to the magnificent lake views. The heart of the home is an open arrangement of the family room and kitchen taking in light through the sliders opening naturally to outdoor entertainment areas. The kitchen features custom built cabinetry, a large working island, hidden walk in pantry, stainless steel appliances, and bar area offering extra seating for family gatherings. Opening naturally to the outdoor covered lanai well equipped with summer kitchen with grill, fridge, and outdoor fireplace. The sparkling pool is surrounded by lush landscaping, and a wonderful space for family and friends to gather. The downstairs theatre/game room offers the perfect spot for game night. The master suite is private with oversized his and her walk in closet. In the master bath, separate quartz vanities compliment a spa-style soaking tub with glass tile and walk in shower. Upstairs the view from upstairs balcony is stunning and the loft allows space for study or games. The bedrooms are ensuite and a second laundry room is convenient. Energy saving and organic with low E double paned windows, tankless hot water heaters, spray foam insulation and many building features to enhance living enjoyment. Drive your golf cart to shopping across the street and enjoy everything downtown Windermere has to offer.

Last Agent to Sell the Property

Steve Healy

CORCORAN PREMIER REALTY License #3031216 Listed on: 11/04/2021

CORCORAN PREMIER REALTY

Co-Listed By

Matt Tomaszewski

CORCORAN PREMIER REALTY License #3014560

Last Buyer's Agent

Jennifer Olmeda

WRA BUSINESS & REAL ESTATE License #3346960

WRA BUSINESS & REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,034

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 1.09 Acre Lot
  • 252 Feet of Waterfront
  • Lake Front
  • Property fronts a lake that is connected to a chain of lakes
  • East Facing Home
  • Irrigation

HOA Fees

  • $385 Monthly HOA Fees

Parking

  • 4 Car Attached Garage

Home Design

  • Bi-Level Home
  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 5,531 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • Tray Ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • Awning
  • Sliding Doors
  • Family Room Off Kitchen
  • Chain Of Lake Views

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Gunite Pool
  • Pool Lighting
  • In Ground Spa

Outdoor Features

  • Access To Chain Of Lakes
  • Access To Lake
  • Water Skiing Allowed
  • Outdoor Kitchen

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Lake Down Reserve Hoa
  • Lake Down Reserve Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,034

Year Built

Built in 2021 | New Construction

Lot Details

0

HOA Fees

$385 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 5531
  • Lot Size Acres: 1.09
  • New Construction: Yes
  • Year Built: 2021
  • Building Area Total: 7736
  • Lot Size Sq Ft: 47411
  • Directions to Property: From downtown Windermere , head west on Conroy out of town and Lake Down Reserve is on your left.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/O5983872?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/O5983872?w=Customer
  • Homestead Y N: No
  • Total Acreage: 1 to less than 2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.96277
  • Price per Sq Ft: 678
  • Close to Original List Price Ratio: 0.96277
  • Ratio: Current Price\Building Area Total: 484.75
  • View: No
  • Co List Office Mls Id: 261010505
  • Co List Office Phone: 407-965-1155
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Marble, Tile, Hardwood
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Eating Space In Kitchen, Kitchen/Family Room Combo, Master Bedroom Main Floor, Open Floorplan, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 5
  • Levels: Two
  • Spa Features: In Ground
  • Spa Yn: Yes
  • Street Number Modifier: 1002
  • Room Count: 10

Exterior Features

  • Direction Faces: East
  • Pool Features: Gunite, In Ground, Lighting
  • Exterior Features: Awning(s), Irrigation System, Outdoor Kitchen, Sidewalk, Sliding Doors
  • Roof: Tile
  • Pool Private: Yes
  • Water Body Name: Lake Down
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water View: Lake, Lake - Chain of Lakes
  • Water Access: Lake, Lake - Chain of Lakes
  • Water Extras: Skiing Allowed
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 252
  • Water Frontage Feet Lake: 126
  • Water Frontage Feet Lake Chain: 126

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 4
  • Garage Yn: Yes
  • Covered Parking Spaces: 4
  • Open Parking: No

Utilities

  • Utilities: Cable Available
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 385
  • Association Fee Frequency: Monthly
  • Association Name: Lake Down Reserve Hoa
  • Association: Yes
  • Senior Community: No
  • Association Fee Requirement: Required
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 4620
  • Monthly HOA Fee: 385
  • Total Monthly Fees: 385

Lot Info

  • Zoning: SFR
  • Parcel Number: 09-23-28-7496-00-010
  • Additional Parcels: No
  • Flood Zone Code: x

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: 6 Months
  • Pet Restrictions: Per HOA
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 13034.17
  • Tax Block: 0
  • Tax Book Number: 0
  • Tax Lot: 1

Multi Family

  • Waterfront Features: Lake, Lake - Chain of Lakes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2021
Closed on
Dec 29, 2021
Sold by
Premier Windermere Real Estate Llc
Bought by
Mme Martim Llc
Seller's Agent
Steve Healy
CORCORAN PREMIER REALTY
Buyer's Agent
Jennifer Olmeda
WRA BUSINESS & REAL ESTATE
List Price
$3,895,000
Sold Price
$3,750,000
Premium/Discount to List
-$145,000
-3.72%
Current Estimated Value
$4,138,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$388,029
Avg. Annual Appreciation
2.65%
Original Mortgage
$2,812,500
Outstanding Balance
$2,592,069
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$1,545,960

Purchase Details

Closed on
Dec 27, 2019
Sold by
Wld Holdings Llc
Bought by
Premier Windermere Real Estate Llc

Purchase Details

Closed on
Oct 9, 2019
Sold by
Ewald Robert H and Bankruptcy Estate Of Rosser Re
Bought by
Wld Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
3.5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Mme Martim Llc $3,750,000 None Listed On Document
Premier Windermere Real Estate Llc $825,000 Premier Title Ins Co Llc
Wld Holdings Llc $1,980,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mme Martim Llc $2,812,500
Previous Owner Wld Holdings Llc $1,300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2021 12/30/21 Sold $3,750,000 -3.7% $678 / Sq Ft
11/18/2021 11/18/21 Pending -- -- --
11/04/2021 11/04/21 For Sale $3,895,000 -- $704 / Sq Ft
Source: Stellar MLS

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 $61,838 $3,888,350 $825,000 $3,063,350
2024 $58,180 $3,745,980 $825,000 $2,920,980
2023 $58,180 $3,630,156 $825,000 $2,805,156
2022 $50,993 $3,176,298 $825,000 $2,351,298
2021 $12,287 $825,000 $825,000 $0
2020 $10,322 $675,000 $675,000 $0
2019 $10,930 $675,000 $675,000 $0
2018 $11,068 $675,000 $675,000 $0
2017 $10,862 $675,000 $675,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O5983872

Stellar MLS

APN: 09-2328-7496-00-010