$6,375,000
SOLD DEC 5, 2017
6 Beds
8.5 Baths
9,509 Sq Ft
1.04 Acres

Recently Sold

$670 Per Sq Ft

20% Below List Price

263 Days on Market

Highlights

  • Lake Front
  • Beach
  • Fitness Center
  • Timber Trace Elementary School Rated A
  • On Golf Course
  • Gated with Attendant

About This Home

As of March 2022

STUNNINGLY DESIGNED TWO STORY HOME ON A PREMIUM LOT LOCATED DIRECTLY ON THE GOLF COURSE AND LAKE IN THE CUSTOM ESTATE SECTION OF OLD PALM. BEAUTIFULLY APPOINTED FINISHES THROUGHOUT WITH 6 FULL BEDROOMS AND 8 FULL BATHS. ONE OF THE LARGEST PRIVATE POOLS AND EXQUISITE LOGGIA AREA WITH FIRE PIT AND SUMMER KITCHEN. ABUNDANCE OF NATURAL LIGHT WITH FLOOR TO CEILING WINDOWS AND SLIDERS. CUSTOMIZED CLUB ROOM WITH THEATER AND FULL BAR. MAGNIFICENT MASTER SUITE ACCENTED WITH REFLECTION POND AND LIBRARY WITH CUSTOM BUILT INS AND PATIO. KITCHEN IS ACCENTED WITH EXPANSIVE BREAKFAST BAR AND ALL THE UPGRADES YOU EXPECT FOR LUXURY LIVING IN OLD PALM. OLD PALM HAS A RAYMOND FLOYD DESIGNED CHAMPIONSHIP COURSE WITH WORLD CLASS PRACTICE FACILITIES.

Last Agent to Sell the Property

Michael Gazlay

K2 Realty, Inc. (NPB) License #3069699 Listed on: 02/14/2017

Last Buyer's Agent

Robert Thomson

Waterfront Properties & Club C License #0465514

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $109,922

Year Built

  • Built in 2013 | Newly Remodeled

Lot Details

  • 1.04 Acre Lot
  • Lake Front
  • On Golf Course
  • Fenced
  • Sprinkler System
  • Property is zoned PCD(ci

HOA Fees

  • $890 Monthly HOA Fees

Parking

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

Property Views

  • Lake
  • Golf Course

Home Design

  • Concrete Roof

Interior Spaces

  • 9,509 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Custom Mirrors
  • Central Vacuum
  • Built-In Features
  • Bar
  • High Ceiling
  • Ceiling Fan
  • Decorative Fireplace
  • Plantation Shutters
  • French Doors
  • Entrance Foyer
  • Great Room
  • Family Room
  • Formal Dining Room
  • Den

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • Bidet
  • Dual Sinks
  • Roman Tub
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Home Security System
  • Impact Glass
  • Fire and Smoke Detector

Outdoor Features

  • Heated Pool
  • Balcony
  • Open Patio
  • Outdoor Grill

Utilities

  • Zoned Heating and Cooling
  • Co-Op Membership Included
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 52424135060001730

Community Details

Overview

  • Association fees include common areas, cable TV, pest control, security, trash
  • Old Palm Subdivision, Custom Floorplan

Amenities

  • Sauna
  • Clubhouse

Recreation

  • Beach
  • Golf Course Community
  • Fitness Center
  • Community Pool
  • Community Spa
  • Putting Green

Security

  • Gated with Attendant
  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$109,922

Year Built

Built in 2013 | Newly Remodeled

Lot Details

0

HOA Fees

$890 per month

Parking

6

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: PGA BLVD TO OLD PALM BLVD ENTRANCE ON NORTH SIDE. GO THROUGH GATE TO ROUNDABOUT MAKE A LEFT. LEFT ON TILLINGHAST CIR
  • Year Built: 2013
  • New Construction: Yes
  • Year Built Details: New Construction
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Wet Bar, Bidet, Built-in Features, Breakfast Area, Closet Cabinetry, Dining Area, Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, Eat-in Kitchen, Elevator, French Door(s)/Atrium Door(s), Fireplace, Garden Tub/Roman Tub, High Ceilings, Custom Mirrors, Pantry, Separate Shower, Bar, Walk-In Closet(s), Central Vacuum
  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Built-In Oven, Dryer, Dishwasher, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 8
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Door Features: French Doors
  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Flooring: Carpet, Marble
  • Living Area: 9509.0
  • Dining Room Type: Den, Family Room, Great Room, Laundry, Storage Room
  • Stories: 2
  • Window Features: Drapes, Impact Glass, Plantation Shutters

Exterior Features

  • Exterior Features: Balcony, Fence, Outdoor Grill, Patio
  • View: Golf Course, Lake
  • Lot Features: On Golf Course, Sprinklers Automatic
  • Pool Features: Heated, Pool, Association, Community
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open, Patio
  • Property Condition: New Construction
  • Roof: Concrete

Garage/Parking

  • Covered Parking Spaces: 6.0
  • Attached Garage: Yes
  • Garage Spaces: 6.0
  • Garage Yn: Yes
  • Parking Features: Attached, Circular Driveway, Driveway, Garage, Golf Cart Garage, Garage Door Opener

Utilities

  • Laundry Features: Laundry Tub
  • Security: Security System, Gated with Guard, Security Guard, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Zoned
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 890.0
  • Community Features: Beach, Club Membership Available, Clubhouse, Golf, Golf Course Community, Property Manager On-Site, Pool, Sauna, Sidewalks
  • Senior Community: No
  • Amenities: Clubhouse, Fitness Center, Golf Course, Management, Pool, Putting Green(s), Sauna, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Pest Control, Security, Trash

Lot Info

  • Parcel #: 52424135060001730
  • Lot Size Sq Ft: 45095.0
  • Zoning Description: PCD(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 109922.0

Multi Family

  • Number Of Units In Community: 335

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2022
Closed on
Mar 3, 2022
Sold by
Mcmahon and Sarah
Bought by
Michael Joseph Mcgraw And Nicole H Mcgraw Fam
Seller's Agent
Robert Thomson
Waterfront Properties & Club C
Buyer's Agent
Robert Thomson
Waterfront Properties & Club C
List Price
$12,175,000
Sold Price
$12,175,000
Current Estimated Value
$10,095,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,079,143
Avg. Annual Appreciation
-4.48%
Original Mortgage
$8,522,500
Outstanding Balance
$7,909,930
Interest Rate
2.49%
Mortgage Type
New Conventional
Estimated Equity
$2,468,537

Purchase Details

Listed on
Feb 14, 2017
Closed on
Nov 27, 2017
Sold by
Westwood Leee
Bought by
Mcmahon George
Seller's Agent
Michael Gazlay
K2 Realty, Inc. (NPB)
Buyer's Agent
Robert Thomson
Waterfront Properties & Club C
List Price
$7,999,000
Sold Price
$6,375,000
Premium/Discount to List
-$1,624,000
-20.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.44%
Original Mortgage
$3,506,250
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 14, 2017
Closed on
Nov 14, 2017
Sold by
Westwood Laurae
Bought by
Mcmahon George
Seller's Agent
Michael Gazlay
K2 Realty, Inc. (NPB)
Buyer's Agent
Robert Thomson
Waterfront Properties & Club C
List Price
$7,999,000
Sold Price
$6,375,000
Premium/Discount to List
-$1,624,000
-20.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,506,250
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 31, 2011
Closed on
Feb 15, 2013
Sold by
Op Lot 173 Llc
Bought by
Westwood Lee
Seller's Agent
Cornelius McGinnis
Old Palm Real Estate
Buyer's Agent
Michael Gazlay
K2 Realty, Inc. (NPB)
List Price
$7,200,000
Sold Price
$5,875,000
Premium/Discount to List
-$1,325,000
-18.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.72%
Original Mortgage
$116,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 8, 2011
Sold by
Hasey Martin J
Bought by
Op Lot 173 Llc

Purchase Details

Closed on
Mar 31, 2005
Sold by
Communities Finance Co Llc
Bought by
Hasey Martin J
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 $12,175,000 Assured Title Agency
Warranty Deed $3,187,500 Attorney
Warranty Deed $3,187,500 Attorney
Warranty Deed $5,875,000 Trident Title Llc
Warranty Deed $1,450,000 Trident Title Llc
Special Warranty Deed $1,000,000 First Fidelity Title Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,459,800 Credit Line Revolving
Open $8,522,500 New Conventional
Previous Owner $3,506,250 Adjustable Rate Mortgage/ARM
Previous Owner $116,000 Adjustable Rate Mortgage/ARM
Previous Owner $3,000,000 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2022 03/04/22 Sold $12,175,000 0.0% $1,080 / Sq Ft
03/04/2022 03/04/22 For Sale $12,175,000 +91.0% $1,080 / Sq Ft
12/05/2017 12/05/17 Sold $6,375,000 -20.3% $670 / Sq Ft
11/05/2017 11/05/17 Pending -- -- --
02/14/2017 02/14/17 For Sale $7,999,000 +36.2% $841 / Sq Ft
02/25/2013 02/25/13 Sold $5,875,000 -18.4% $622 / Sq Ft
01/26/2013 01/26/13 Pending -- -- --
08/31/2011 08/31/11 For Sale $7,200,000 -- $763 / Sq Ft
Source: BeachesMLS

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 $188,068 $10,115,401 -- --
2023 $197,953 $10,517,094 $6,500,000 $4,017,094
2022 $114,466 $5,510,894 $0 $0
2021 $105,396 $5,009,904 $1,530,000 $3,479,904
2020 $105,065 $4,960,467 $1,440,000 $3,520,467
2019 $113,970 $5,309,787 $1,836,000 $3,473,787
2018 $109,958 $5,237,863 $1,775,527 $3,462,336
2017 $109,391 $5,256,118 $1,690,979 $3,565,139
2016 $60,137 $5,143,566 $0 $0
2015 $102,624 $4,675,969 $0 $0
2014 $100,056 $4,489,406 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10308098

BeachesMLS

APN: 52-42-41-35-06-000-1730