NOT LISTED FOR SALE

10480 S Tropical Trail Merritt Island, FL 32952

Estimated Value: $2,367,000 - $2,981,000

4 Beds
4.5 Baths
4,151 Sq Ft
$647/Sq Ft Est. Value

Last Sold July 31, 2023

Last sale price $2,500,000 $602 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $15,676/month

237 Days on Market

Highlights

  • Boat Dock
  • Home fronts a seawall
  • Intracoastal View
  • Ocean Breeze Elementary School Rated A-
  • Boat Lift
  • In Ground Pool

About This Home

As of July 2023

Welcome to Skyfall! A lovely English manor house nestled in the trees on .76 acres - River to River.

**Opportunity is Knocking**~~**Owner Financing Available** ~~**Owner will consider holding a 1st MTG w/20% DNPMT at 6% Amortized for 30YRs**

Walk the stone pathway past the balustrade framing the courtyard, to the stone faced entry. A stone faced vestibule shelters the 600 pound mahogany entry door. There's a large decorative knocker, or press the Downton Abbey door bell. Enter to a large defined foyer open to the second floor, with solid Hickory flooring laid in a herringbone pattern. The staircase is anchored by a carved newel post sourced from a church in North Carolina and has a decorative metal work balustrade. Please click more to see the ADDITIONAL COMMENTS~~. A pediment above the formal dining room entrance bids you welcome as does the warm hardwood flooring, sconce lighting and decorative 6 light chandelier.'||chr(10)||''||chr(10)||''||chr(10)||''||chr(10)||'Adjacent to the dining room is the butler's pantry w/wet bar, loads of cherry cabinets and views to the Banana River. Just off the butler's pantry is a great little office space, with built-in cabinets and work station. '||chr(10)||''||chr(10)||''||chr(10)||''||chr(10)||'They say the heart of the home is the kitchen, and this home has a lot of heart! Rich cherry cabinetry, two islands - one with a prep sink, and the other houses a large farmhouse sink - (Shaws Original since 1897)! The 48 inch Wolf range offers 6 burners plus a griddle and double ovens. The range is flanked by pull out spice racks, and there's a commercial grade range hood finished with raised panel cherry cabinetry. The center island w/prep sink is actual butcher block, other counters are granite. Refrigerator and dishwasher are also finished with cherry cabinet panels, and there's a microwave housed in the center island. There's also a 9 ft deep walk in pantry! View across the kitchen is to the large eat-in area, and a wall of French doors for spectacular Banana River views! Eat-in area easily accommodates an 8 foot long table, and is illuminated by a delicately playful 9 light chandelier with a mix of metal work and red and white crystal. '||chr(10)||''||chr(10)||''||chr(10)||''||chr(10)||'The kitchen is open to a very large family room. The focal point is the marble faced level hearth fireplace, enhanced by a decorative carved wood surround and large mantel, to display your treasures. Dramatic 22 ft high ceiling with loads of windows bringing in lots of natural light! View from the family room is the Banana River. '||chr(10)||''||chr(10)||''||chr(10)||''||chr(10)||'Opposite of the family room, on the other side of the kitchen, is an entry to a great gathering room. Don't miss the darling half bath just ahead of the entry to the large gathering room. This is perfect for use when coming in from the pool and offers river rock flooring, vessel sink and beautiful framed mirror. French doors with pediment open to the great room - perfect for any family gatherings, game room etc. Two sets of French doors from this room out to the spacious covered porch, with brick faced gas fireplace, and views of the Banana River. Yet another large covered porch is pool side. '||chr(10)||''||chr(10)||''||chr(10)||''||chr(10)||'Upstairs you'll first discover a pleasant sitting area that looks out to the shady front yard and the Indian River. Guest bedroom one is the "Aviators room" with its playful custom painted ceiling depicting a couple of biplanes soaring through a puffy clouded sky. The Aviators room offers an ensuite bath and walk-in closet. '||chr(10)||''||chr(10)||''||chr(10)||''||chr(10)||'Guest bedroom two is the "Treehouse room" with its custom painted twilight starry night ceiling above the greenery below. This room also offers an ensuite bath and walk-in. Guest bedroom 3 is spacious with an ensuite bath, awesome 4 legged porcelain sink, and walk-in. '||chr(10)||''||chr(10)||''||chr(10)||''||chr(10)||'Double doors open to the primary suite. The entry vestibule offers a small kitchen area with cherry cabinets, a sink, and mini fridge. The sleeping chamber is finished in a soothing blue wall color. Lying in bed you look through a bank of windows to the Banana River! A romantic fireplace anchors the north wall, with a beautiful wood surround and large corbels supporting the mantel. A French door from the primary suite opens to a large tiled deck with panoramic views of the Banana River. '||chr(10)||''||chr(10)||''||chr(10)||''||chr(10)||'The primary bath offers 24 inch travertine flooring, his and hers large vanities, a large vessel tub, and separate shower with a window to watch the dolphins swim by! '||chr(10)||''||chr(10)||''||chr(10)||''||chr(10)||'Exquisite exterior landscaping makes strolling the grounds an adventure from the 50 tons of coquina seawall on the Indian river side, to the coquina and mangrove seawall on the Banana river side. Of course there's a dock, with two lifts; one for your boat and the other for two jet skis. '||chr(10)||''||chr(10)||''||chr(10)||''||chr(10)||'New roof December 2020'||chr(10)||''||chr(10)||'New water heater December 2020'||chr(10)||''||chr(10)||'Built-in storm shutters for all windows except front of house.'||chr(10)||''||chr(10)||'Extensive insulation in attic'||chr(10)||''||chr(10)||'Wiring for speaker system on porch

Last Agent to Sell the Property

Richard Karr

Karr Professional Group P.A. License #3009465 Listed on: 08/12/2022

Last Buyer's Agent

Tracey Armstrong

One Sotheby's International License #525941

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,758

Year Built

  • Built in 2004

Lot Details

  • 0.76 Acre Lot
  • Home fronts a seawall
  • River Front
  • Vinyl Fence
  • Front and Back Yard Sprinklers
  • Wooded Lot

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway

Property Views

  • Intracoastal
  • River
  • Woods
  • Pool

Home Design

  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Asphalt
  • Stucco

Interior Spaces

  • 4,151 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Great Room
  • Family Room
  • Dining Room
  • Home Office
  • Library

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Breakfast Bar
  • Butlers Pantry
  • Double Convection Oven
  • Gas Range
  • Microwave
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Sink Near Laundry

Home Security

  • Security System Owned
  • Security Gate
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Pool

  • In Ground Pool
  • Above Ground Spa

Outdoor Features

  • Boat Lift
  • Balcony
  • Patio
  • Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Well
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 27-37-03-26-00000.0-0011.00

Community Details

Overview

  • No Home Owners Association
  • Unrec Subd As Platted In Db 353 Pg 103 Association

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,758

Year Built

Built in 2004

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 2004
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Electric Dryer Hookup, Gas Dryer Hookup, Sink, Washer Hookup
  • ResoLotFeatures: Sprinklers In Front, Sprinklers In Rear, Wooded
  • Road Surface Type: Asphalt
  • Reso View: Pool, River, Trees/Woods, Water, Intracoastal
  • ResoSecurityFeatures: Security Gate, Security System Owned, Smoke Detector(s)
  • Reso Association Amenities: Boat Dock
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: None
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 27-37-03-26-00000.0-0011.00
  • 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: 13757.8
  • Location Tax and Legal Tax Year2: 2021
  • General Property Information Living Area2: 4151.0
  • General Property Information Building Area Total3: 5495.0
  • General Property Information Lot Size Acres: 0.76
  • General Property Information Lot Size Square Feet2: 33106.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: Southwest
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Fencing Fenced2: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Flooring Wood: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Pets Allowed Yes: Yes
  • Pool Features In Ground: Yes
  • Pool Features Private: Yes
  • Road Surface Type Asphalt: Yes
  • Roof:Shingle: Yes
  • Security Features Security Gate: Yes
  • Security Features Smoke Detector(s): Yes
  • Utilities Cable Available: Yes
  • View Pool: Yes
  • Flooring Carpet: Yes
  • Laundry Features Sink: Yes
  • Levels Two: Yes
  • Water Source Well: Yes
  • Water Source Public: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • General Property Information Carport YN2: No
  • View Water3: Yes
  • Room Types Dining Room: Yes
  • Room Types Great Room: Yes
  • Interior Features Breakfast Nook: Yes
  • Security Features Security System Owned: Yes
  • Waterfront Features Waterfront Community: Yes
  • Room Types Family Room: Yes
  • Room Types Laundry: Yes
  • Room Types Library: Yes
  • Room Types Office: Yes
  • Interior Features Butler Pantry: Yes
  • Utilities Natural Gas Connected: Yes
  • View TreesWoods: Yes
  • Flooring Vinyl: Yes
  • Spa Features Above Ground2: Yes
  • Exterior Features Boat Lift: Yes
  • View Intracoastal: Yes
  • Fencing Vinyl2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Bar, Breakfast Nook, Built-in Features, Butler Pantry, Ceiling Fan(s), Eat-in Kitchen, Kitchen Island, Open Floorplan, Pantry, Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Spa Features: Above Ground
  • Appliances: Convection Oven, Disposal, Double Oven, Dryer, Electric Water Heater, Gas Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning, Other
  • Total Bedrooms: 8
  • ResoLivingAreaSource: PublicRecords
  • General Property Information Bathrooms Half: 1
  • Appliances:Convection Oven: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Gas Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Built-in Features: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Double Oven: Yes
  • Fireplace Features:Wood Burning: Yes
  • Interior Features:Wet Bar: Yes

Exterior Features

  • Exterior Features: Balcony, Boat Lift, Storm Shutters
  • Pool Features: In Ground, Private, Other
  • Roof: Shingle
  • Fencing: Fenced, Vinyl
  • Acres: 0.76
  • Waterfront Features: River Front, Seawall, Waterfront Community
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco, Other
  • Direction Faces: Southwest
  • Patio And Porch Features: Patio, Porch
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Exterior Features:Storm Shutters: Yes
  • Lot Features:Wooded: Yes
  • Exterior Features:Balcony: Yes
  • Lot Features:Sprinklers in Front: Yes
  • Lot Features:Sprinklers In Rear: Yes
  • Construction Materials:Other15: Yes
  • Waterfront Features:Seawall: Yes
  • View:River: Yes
  • Waterfront Features:River Front: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Attached, Circular Driveway, Garage Door Opener
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 3.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Circular Driveway: Yes

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available, Natural Gas Connected
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public, Well
  • Heating:Central: Yes
  • Heating:Electric3: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Name: UNREC SUBD AS PLATTED IN DB 353 PG 103
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • General Property Information:Association Name: UNREC SUBD AS PLATTED IN DB 353 PG 103
  • Association Amenities:Boat Dock: Yes

Schools

  • Middle Or Junior School: DeLaura

Lot Info

  • Lot Size Sq Ft: 33106.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2736166
  • Parcel #: 27-37-03-26-00000.0-0011.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 13757.8

MLS Schools

  • Elementary School: Ocean Breeze
  • High School: Satellite

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2022
Closed on
Jul 31, 2023
Sold by
Glenn Shephard Latta Trust
Bought by
Valle Stephen and Valle Ana
Seller's Agent
Richard Karr
Karr Professional Group P.A.
Buyer's Agent
Tracey Armstrong
One Sotheby's International
List Price
$2,950,000
Sold Price
$2,500,000
Premium/Discount to List
-$450,000
-15.25%
Views
123
Current Estimated Value
$2,685,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,140
Avg. Annual Appreciation
4.31%
Original Mortgage
$2,000,000
Outstanding Balance
$1,963,107
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$769,495

Purchase Details

Listed on
Nov 9, 2012
Closed on
Jan 7, 2013
Sold by
Krasny Scott and Krasny Mary J
Bought by
Latta Glenn Shephard and Glenn Shephard Latta Trust
Seller's Agent
Nancy Taylor
BHHS Florida Realty
List Price
$1,399,000
Sold Price
$1,250,000
Premium/Discount to List
-$149,000
-10.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.78%
Original Mortgage
$750,000
Interest Rate
3.36%

Purchase Details

Closed on
Mar 20, 2002
Sold by
Hereford Robert K and Hereford Nadia
Bought by
Krasny Scott and Krasny Mary J S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
6.86%

Purchase Details

Closed on
Jul 27, 2001
Sold by
Dreyer Michael E
Bought by
Hereford Robert K and Hereford Nadia

Purchase Details

Closed on
Aug 28, 1997
Sold by
Whiteside George W and Flanagan Sarah W
Bought by
Dreyer Michael E and Dreyer Julia C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
7.43%
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
Valle Stephen $2,500,000 Alliance Title
Latta Glenn Shephard $1,250,000 Liberty Maximum Title
Krasny Scott $600,000 --
Hereford Robert K $525,000 --
Dreyer Michael E $335,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valle Stephen $2,000,000
Previous Owner Latta Glenn Shephard $750,000
Previous Owner Krasny Scott $423,000
Previous Owner Krasny Scott $417,000
Previous Owner Krasny Scott $650,000
Previous Owner Krasny Scott $245,000
Previous Owner Krasny Scott $819,000
Previous Owner Krasny Scott $540,000
Previous Owner Dreyer Michael E $95,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2023 07/31/23 Sold $2,500,000 -13.6% $602 / Sq Ft
04/07/2023 04/07/23 Pending -- -- --
11/30/2022 11/30/22 Price Changed $2,895,000 -1.9% $697 / Sq Ft
08/12/2022 08/12/22 For Sale $2,950,000 +136.0% $711 / Sq Ft
01/08/2013 01/08/13 Sold $1,250,000 -10.7% $306 / Sq Ft
12/17/2012 12/17/12 Pending -- -- --
11/09/2012 11/09/12 For Sale $1,399,000 -- $342 / 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 $13,901 $2,175,360 -- --
2023 $13,901 $1,124,910 $0 $0
2022 $13,036 $1,092,150 $0 $0
2021 $13,758 $1,060,340 $0 $0
2020 $13,803 $1,045,710 $0 $0
2019 $13,858 $1,022,200 $0 $0
2018 $13,972 $1,003,150 $0 $0
2017 $14,259 $982,520 $0 $0
2016 $14,616 $962,320 $552,600 $409,720
2015 $15,158 $955,640 $502,360 $453,280
2014 $15,311 $948,060 $475,920 $472,140
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 942866

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-37-03-26-00000.0-0011.00