$3,750,000
SOLD MAY 13, 2014
5 Beds
4.5 Baths
3,179 Sq Ft
0.83 Acres

Recently Sold

$1,180 Per Sq Ft

17% Below List Price

444 Days on Market

Highlights

  • Ocean Front
  • Outdoor Pool
  • Vaulted Ceiling
  • Beachland Elementary School Rated A-
  • Deck
  • Roman Tub

About This Home

As of May 2014

Meticulously renovated & enlarged in 2011, this sprawling oceanfront residence exudes good taste. With an open concept & a light-filled great room that opens to the covered beachside loggias, this home is a showplace for entertaining. Situated on 1.43+/- acres w/ 106 ft of ocean frontage, this 5 bd, 4.5 bth home features interiors of the finest materials. Sizes approx & subject to error.

Last Agent to Sell the Property

Cindy O'Dare

One Sotheby's Int'l Realty License #0326961 Listed on: 01/23/2013

One Sotheby's Int'l Realty

Last Buyer's Agent

Lori Davis

Dale Sorensen Real Estate Inc. License #3153698

Dale Sorensen Real Estate Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,999

Year Built

  • Built in 2005

Lot Details

  • Lot Dimensions are 106x340
  • Ocean Front
  • West Facing Home
  • Fenced
  • Corner Lot
  • Sprinkler System

Parking

  • 2 Car Garage

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

  • 1-Story Property
  • Crown Molding
  • Vaulted Ceiling
  • 1 Fireplace
  • Ocean Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • Roman Tub
  • Bathtub

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Fire and Smoke Detector

Pool

  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Deck
  • Covered patio or porch

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Electric Water Heater
  • Water Purifier
  • Water Softener is Owned

Community Details

  • Association fees include common areas
  • Castaway Cove Subdivision

Listing and Financial Details

  • Tax Lot 51
  • Assessor Parcel Number 33400800003000000051.0

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,999

Year Built

Built in 2005

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size: 106X340
  • Road Surface Type: Paved
  • Ownership: Single Family/Other
  • Subdivision Name: CASTAWAY COVE
  • Directions: A1A to Castaway Cove Wave I, east to property at north end of Crescent Beach Rd
  • Architectural Style: One Story
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 2005
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-234-5555
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Range, Refrigerator, Water Softener Owned, Water Purifier, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Marble, Wood
  • Interior Amenities: Bathtub, Closet Cabinetry, Crown Molding, Garden Tub/Roman Tub, High Ceilings, Kitchen Island, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
  • Stories: 1
  • Window Features: Impact Glass

Exterior Features

  • Lot Features: Corner Lot, 1/2 to 1 Acre Lot
  • Pool Features: Pool, Private
  • Pool Private: Yes
  • View: Ocean
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front, Beach Access
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: West
  • Exterior Features: Deck, Fence, Sprinkler/Irrigation, Outdoor Shower, Propane Tank - Owned
  • Patio And Porch Features: Covered, Deck, Patio
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Garage

Utilities

  • Laundry Features: In Unit
  • Security: Security System Owned, Smoke Detector(s)
  • Cooling: Central Air, Electric, 3+ Units
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 600.0
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Other

Lot Info

  • Parcel #: 33400800003000000051.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 24999.0
  • Tax Lot: 51
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2013
Closed on
May 14, 2014
Sold by
Boyer Belinda H
Bought by
Scharf Paul L
Seller's Agent
Joseph Liguori
Premier Estate Properties Inc
List Price
$4,495,000
Sold Price
$3,750,000
Premium/Discount to List
-$745,000
-16.57%
Current Estimated Value
$4,471,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$721,777
Avg. Annual Appreciation
2.05%
Original Mortgage
$2,242,500
Outstanding Balance
$1,612,348
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,094,686

Purchase Details

Closed on
Sep 20, 2007
Sold by
French Clark C and French Carmen L
Bought by
Boyer Belinda H

Purchase Details

Closed on
Aug 13, 2003
Sold by
Wolfe Stanley R and Wolfe Ruth
Bought by
Funk Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
5.42%

Purchase Details

Closed on
Jan 22, 2001
Sold by
Gore Harold W and Gore Harold W
Bought by
Gore Harold W

Purchase Details

Closed on
Oct 6, 2000
Sold by
Altieri Joseph J
Bought by
Kirkendall Henry L and Kirkendall Jamie D
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $3,750,000 Attorney
Warranty Deed $2,700,000 Attorney
Warranty Deed $1,675,000 --
Quit Claim Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,242,500 Adjustable Rate Mortgage/ARM
Previous Owner $980,000 No Value Available
Previous Owner $360,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2014 05/13/14 Sold $3,750,000 0.0% $1,180 / Sq Ft
05/13/2014 05/13/14 Sold $3,750,000 -16.6% $1,180 / Sq Ft
04/13/2014 04/13/14 Pending -- -- --
04/13/2014 04/13/14 Pending -- -- --
12/18/2013 12/18/13 For Sale $4,495,000 0.0% $1,414 / Sq Ft
01/23/2013 01/23/13 For Sale $4,495,000 -- $1,414 / Sq Ft
Source: REALTORS® Association of Indian River County

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 $50,392 $3,993,701 $2,144,411 $1,849,290
2023 $50,392 $3,361,127 $0 $0
2022 $44,152 $3,246,861 $1,965,710 $1,281,151
2021 $40,514 $2,777,791 $1,787,009 $990,782
2020 $40,514 $2,736,253 $1,787,009 $949,244
2019 $41,906 $2,746,259 $1,787,009 $959,250
2018 $41,835 $2,704,255 $1,787,009 $917,246
2017 $39,162 $2,488,583 $0 $0
2016 $40,285 $2,531,180 $0 $0
2015 $51,670 $3,112,580 $0 $0
2014 $28,060 $1,710,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Indian River County

MLS Number: 134074

APN: 33-40-08-00003-0000-00051.0