NOT LISTED FOR SALE

Estimated Value: $733,000 - $872,000

2 Beds
2 Baths
1,288 Sq Ft
$633/Sq Ft Est. Value

Last Sold February 21, 2019

Last sale price $470,000 $365 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $5,127/month

53 Days on Market

Highlights

  • Community Beach Access
  • Access to Bay or Harbor
  • 10,549 Acre Lot
  • Boat Dock
  • Bay View
  • Deck

About This Home

As of February 2019

The Key West home also known locally as "The Pink House" is located on the last private barrier island in SWF, You will need an agent to see this property. This Palm Island Home is 1.5 hours north from Fort Myers and just north of Boca Grande Island. Located directly on Bocilla Bay with good Gulf access for boating, the home is only a three minute walk from seven miles of pristine beach. Nature surrounds this enchanted island which offers total privacy while being close to shopping, restaurants and theaters. If you are looking to invest in the last under-discovered island in Florida, call your realtor. Finally, this home is the lowest priced 2/2 with boat dock home on good water and a five minute boat ride to the intracoastal waterway. If you ever dreamed of living in the Bahamas but never wanted to buy outside the U.S., This Is The Only Barrier Island Left. Your car ferry runs every five minutes to the island and back. Stores, restaurants, and Publix are one mile from the ferry. There are no high rise buildings here, no over building of land, no traffic congestion year-round either on the island or on the mainland, just YOU and the BEACH!

Last Agent to Sell the Property

Robert Jensen

KW Coastal Living License #251500215 Listed on: 11/29/2018

KW Coastal Living

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,242

Year Built

  • Built in 1978

Lot Details

  • 10,549 Acre Lot
  • Lot Dimensions are 95 x 138 x 60 x 135
  • East Facing Home
  • Corner Lot
  • Rectangular Lot
  • Irregular Lot

Home Design

  • Metal Roof

Interior Spaces

  • 1,288 Sq Ft Home
  • 1-Story Property
  • Single Hung Windows
  • Open Floorplan
  • Loft
  • Workshop
  • Bay Views
  • Pull Down Stairs to Attic

Kitchen

  • Walk-In Pantry
  • Self-Cleaning Oven
  • Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • Split Bedroom Floorplan
  • 2 Full Bathrooms
  • Shower Only
  • Separate Shower

Laundry

  • Dryer
  • Washer

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Access to Bay or Harbor
  • Balcony
  • Deck
  • Open Patio
  • Outdoor Storage
  • Porch

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Legal Lot and Block 1 / C

Community Details

Overview

  • No Home Owners Association
  • Palm Island Estates Subdivision

Recreation

  • Boat Dock
  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,242

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 10549.0
  • Lot Size: 95 x 138 x 60 x 135
  • Road Frontage Type: See Remarks
  • Ownership: Single Family
  • Subdivision Name: PALM ISLAND ESTATES
  • Directions: Route 41 north to Port Charlotte. Turn left on State Road 776. Follow to Gasparilla Road. Go left again and follow to Panama Boulevard to catch the car ferry. Ferry cost $55 per car round trip and the trip takes three minutes. Ferries run every 5 minutes.
  • Architectural Style: Ranch, One Story
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 1
  • Year Built: 1978
  • ResoBuildingAreaSource: SeeRemarks
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Dryer, Dishwasher, Disposal, Ice Maker, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile, Wood
  • Interior Amenities: Attic, Bedroom on Main Level, Family/Dining Room, Kitchen Island, Living/Dining Room, Pantry, Pull Down Attic Stairs, Shower Only, Separate Shower, Walk-In Pantry, Loft, Split Bedrooms, Workshop
  • Living Area: 1288.0
  • Stories: 2
  • Window Features: Single Hung, Window Coverings
  • ResoLivingAreaSource: SeeRemarks

Exterior Features

  • Lot Features: Corner Lot, Irregular Lot, Rectangular Lot
  • Pool Private: No
  • View: Bay, Water
  • View: Yes
  • Waterfront Features: Bay Access
  • Waterfront: Yes
  • Construction Type: Frame, See Remarks
  • Direction Faces: East
  • Exterior Features: Deck, Storage
  • Patio And Porch Features: Balcony, Deck, Open, Porch
  • Property Condition: Resale
  • Roof: Metal

Utilities

  • Laundry Features: Inside
  • Security: Fire Sprinkler System, Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Boat Facilities
  • Amenities: Beach Access
  • Association: No
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: None

Lot Info

  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 7242.0
  • Tax Block: C
  • Tax Lot: 1
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2018
Closed on
Feb 22, 2019
Sold by
Sherburne Douglas E and Sherburne Caryn M
Bought by
Mcdermott Mark C
Seller's Agent
Robert Jensen
KW Coastal Living
List Price
$495,000
Sold Price
$470,000
Premium/Discount to List
-$25,000
-5.05%
Current Estimated Value
$815,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$345,756
Avg. Annual Appreciation
8.84%

Purchase Details

Closed on
May 9, 2000
Sold by
Engemann Edward D
Bought by
Pierce Mark S and Pierce Tracie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
8.2%
Source: Public Records

Range of Values:

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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
Mcdermott Mark C $470,000 Stewart Title Co
Pierce Mark S $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Citrus Square Inc $8,100,000
Previous Owner Pierce Mark S $168,000
Previous Owner Pierce Mark S $136,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2019 02/21/19 Sold $470,000 -5.1% $365 / Sq Ft
01/22/2019 01/22/19 Pending -- -- --
11/29/2018 11/29/18 For Sale $495,000 -- $384 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

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
2023 $8,181 $321,966 $0 $0
2022 $8,986 $515,256 $160,222 $355,034
2021 $7,443 $336,442 $106,814 $229,628
2020 $7,384 $331,961 $103,476 $228,485
2019 $7,836 $358,583 $100,139 $258,444
2018 $7,242 $341,590 $100,139 $241,451
2017 $5,995 $279,481 $100,139 $179,342
2016 $5,930 $270,932 $0 $0
2015 $5,553 $246,395 $0 $0
2014 $5,072 $224,041 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 218078181

Florida Gulf Coast Multiple Listing Service

APN: 412033153001