NOT LISTED FOR SALE

10040 S Tropical Trail Merritt Island, FL 32952

Estimated Value: $3,755,000 - $5,253,000

2.98 Acres
$1,572,901 Price per Acre
129,809 Sq Ft Lot

Last Sold July 29, 2016

Last sale price $1,280,000 $889 Per Sq Ft

Est. 266% increase in value since last sale

Current estimated payment $27,353/month

57 Days on Market

Highlights

  • 314 Feet of Waterfront
  • Ocean Breeze Elementary School Rated A-
  • No HOA

About This Lot

As of July 2016

AMAZING AND RARE OPPORTUNITY to purchase one of the last remaining large RIVER TO RIVER parcels between Mathers Bridge and Pineda Causeway with deep water on BOTH SIDES. 2.98 acres river to river. Approximately 160 feet Indian River frontage
AND 154 feet Banana River frontage.
Incredible oak hammock area in center of property. The initial mangrove trimming on the Banana River was performed by a local arborist in July 2015 and 30% more of the existing height can be removed in July 2016. With a final trimming in July 2017, the mangroves will be at the 6' above waterline height for beautiful views to the east. Survey attached above in Documents. The best of Old Florida with deep water on both rivers.

Last Agent to Sell the Property

Julia Dreyer

Dreyer & Associates R.E. Grp. License #386132 Listed on: 03/15/2016

Dreyer & Associates R.E. Grp.

Last Buyer's Agent

Julia Dreyer

Dreyer & Associates R.E. Grp. License #386132 Listed on: 03/15/2016

Dreyer & Associates R.E. Grp.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $13,299

Lot Details

  • 2.98 Acre Lot
  • 314 Feet of Waterfront
  • River Front

Schools

  • Ocean Breeze Elementary School
  • Delaura Middle School
  • Satellite High School

Utilities

  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Stewarts Homestead Subdivision

Listing and Financial Details

  • Assessor Parcel Number 26-37-33-Dw-*-7.01

Property Details

Property Type

Land

Est. Annual Taxes

$13,299

Lot Details

0

Listing Details

  • Property Type: Land
  • Reso Property Sub Type: Unimproved Land
  • Road Surface Type: Paved
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Stewarts Homestead
  • Location Tax and Legal Parcel Number2: 26-37-33-Dw-*-7.01
  • Location Tax and Legal Elementary School: Ocean Breeze
  • Location Tax and Legal Middle School2: DeLaura
  • Location Tax and Legal High School: Satellite
  • Location Tax and Legal Tax Annual Amount: 13299.0
  • Location Tax and Legal Tax Year2: 2015
  • General Property Information Lot Size Acres: 2.98
  • General Property Information Lot Size Square Feet2: 129808.0
  • General Property Information Waterfront YN: Yes
  • General Property Information Senior Community YN: No
  • Utilities Cable Available: Yes
  • Utilities Water Available: Yes
  • General Property Information Water Frontage Feet: 314
  • General Property Information Number Of Lots2: 1.0
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 2.98
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Waterfront Features:River Front: Yes

Utilities

  • Utilities: Cable Available, Water Available
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: DeLaura

Lot Info

  • Number Of Lots: 1
  • Current Use: Residential
  • Lot Size Sq Ft: 129808.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 26-37-33-Dw-*-7.01
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 13299.0

MLS Schools

  • Elementary School: Ocean Breeze
  • High School: Satellite

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2016
Closed on
Jul 15, 2016
Sold by
Rogg David N
Bought by
Ho Kaukwok Frederick and Ho Laurie Lynn
Seller's Agent
Julia Dreyer
Dreyer & Associates R.E. Grp.
Buyer's Agent
Julia Dreyer
Dreyer & Associates R.E. Grp.
List Price
$1,499,000
Sold Price
$1,280,000
Premium/Discount to List
-$219,000
-14.61%
Current Estimated Value
$4,687,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,407,246
Avg. Annual Appreciation
15.42%

Purchase Details

Closed on
Oct 14, 2002
Sold by
Dulaney Elisabeth Watkins and Rogg Elisabeth Watkins
Bought by
Dulaney Elisabeth Watkins
Source: Public Records

Range of Values:

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Average Value
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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
Ho Kaukwok Frederick $1,280,000 None Available
Dulaney Elisabeth Watkins -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2016 07/29/16 Sold $1,280,000 -14.6% $889 / Sq Ft
05/12/2016 05/12/16 Pending -- -- --
03/15/2016 03/15/16 For Sale $1,499,000 -- $1,041 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

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
2024 $28,542 $2,401,630 -- --
2023 $28,542 $2,331,680 $0 $0
2022 $26,662 $2,263,770 $0 $0
2021 $28,235 $2,197,840 $0 $0
2020 $28,457 $2,167,500 $0 $0
2019 $14,009 $1,021,000 $1,021,000 $0
2018 $14,215 $1,021,000 $1,021,000 $0
2017 $14,306 $245,720 $0 $0
2016 $13,476 $857,010 $817,930 $39,080
2015 $13,781 $838,510 $803,550 $34,960
2014 $12,938 $768,460 $743,470 $24,990
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Julia Dreyer

    Dreyer & Associates R.E. Grp.

    (321) 773-1480

    55 Total Sales

    Julia Dreyer
    Section Image
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Map

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 749288

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 26-37-33-DW-00000.0-0007.01

Florida Brevard County Merritt Island 32952

10040 S Tropical Trail, Merritt Island, FL

This home is located at 10040 S Tropical Trail, Merritt Island, FL 32952 since 15 March 2016 and is currently estimated at $4,687,246, approximately $3,255 per square foot. 10040 S Tropical Trail is a home located in Brevard County with nearby schools including Ocean Breeze Elementary School, Satellite Senior High School, and DeLaura Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Space Coast MLS (Space Coast Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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