NOT LISTED FOR SALE

Estimated Value: $896,000 - $1,002,000

3 Beds
3 Baths
1,935 Sq Ft
$790/mo HOA Fee

Last Sold November 18, 2020

Last sale price $640,000 $331 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $6,608/month

206 Days on Market

Highlights

  • Beach
  • Fitness Center
  • Sitting Area In Primary Bedroom
  • Property fronts gulf or ocean
  • Heated In Ground Pool
  • 4 Acre Lot

About This Home

As of November 2020

New to the market, this tastefully furnished and decorated 3 bedroom, 3 bath residence is destined to move quickly! Relax with family and friends on one of two private balconies as you enjoy the sights and sounds of the Gulf of Mexico. This is the larger and more popular of the 3 bedroom floorplans offered at Palacio and includes a brand new air conditioning system as of June 2020. Among the many other features of this residence are stainless steel appliances, granite countertops in the kitchen and wet bar area, custom window treatments in all 3 bedrooms, jetted tub in the master as well as a mirrored wet bar. Also included with the purchase of this unit is a 1 year "Home Warranty Plan" for peace of mind. The Palacio complex features an on site Association Manager, rental office, full time maintenance department, beautiful Gulf Front pool with an additional lap pool that is heated, exercise room with state of the art equipment, community room, lighted tennis courts, under complex parking for a limited number of owners and restricted building access in the evening with a front door keypad. Investment property, second home or primary residence Palacio will exceed your expectations! Please click on the Virtual Tour link to view the unit.

Last Agent to Sell the Property

Michael Ricketts

MIKE RICKETTS REALTY INC. Listed on: 03/29/2020

Last Buyer's Agent

Michael Ricketts

MIKE RICKETTS REALTY INC. Listed on: 03/29/2020

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,132

Year Built

  • Built in 2001

Lot Details

  • 4

HOA Fees

  • $790 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Pillar, Post or Pier Foundation
  • Built-Up Roof
  • Concrete Siding
  • Steel Siding

Interior Spaces

  • 1,935 Sq Ft Home
  • Multi-Level Property
  • Wet Bar
  • Crown Molding
  • Ceiling Fan
  • Combination Dining and Living Room
  • Inside Utility

Kitchen

  • Self-Cleaning Oven
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Sitting Area In Primary Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Tile Bathroom Countertop
  • Jetted Tub in Primary Bathroom
  • Spa Bath
  • Separate Shower

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Covered Parking
  • Parking Lot

Pool

  • Heated In Ground Pool
  • Spa

Schools

  • Hellen Caro Elementary School
  • Bailey Middle School
  • Escambia High School

Utilities

  • Central Heating and Cooling System
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Gazebo

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 353S324200000040

Community Details

Overview

  • Association fees include cable TV, ground maintenance, insurance, management, pest control, trash, water/sewer
  • Palacio Subdivision

Amenities

  • Picnic Area
  • Elevator

Recreation

  • Beach
  • Community Spa

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,132

Year Built

Built in 2001

Lot Details

0

HOA Fees

$790 per month

Listing Details

  • Parcel Number: 353S324200000040
  • Property Type: Residential
  • Year Built: 2001
  • Electric: Circuit Breakers
  • Property Sub Type: Condo
  • Horses: No
  • Lot Size Acres: 4
  • Subdivision Name: Palacio
  • Directions: 1/4 Mile south of the Baars Bridge on Perdido Key Drive between Indigo and Perdido Sun, directly on the Gulf of Mexico.
  • Architectural Style: Contemporary
  • Building Name: Palacio At Perdido
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: 8 or More Story
  • New Construction: No
  • Kitchen Level: First
  • Special Features: VirtualTour

Interior Features

  • Spa Features: Bath, Community
  • Private Spa: Yes
  • Appliances: Electric Water Heater, Dryer, Washer, Built In Microwave, Dishwasher, Disposal, Microwave, Refrigerator, Self Cleaning Oven
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Tile, Carpet
  • Interior Amenities: Baseboards, Ceiling Fan(s), Crown Molding, High Speed Internet, Walk-In Closet(s), Wet Bar
  • Living Area: 1935
  • Window Features: Drapes
  • Bedroom/Bathroom Features: Not Updated
  • Dining Room Features: Living/Dining Combo
  • Master Bedroom Master Bedroom Level: First
  • Master Bedroom Master Bedroom Width: 21
  • Master Bedroom Features: Ceiling Fan(s), Sitting Area, Walk-In Closet(s)
  • Room Kitchen Features: Not Updated, Granite Counters, Kitchen Island, Pantry
  • Room Kitchen Area: 264
  • Room Master Bedroom Area: 262.5
  • Master Bathroom Features: Jetted Tub, Separate Shower, Tile

Exterior Features

  • Roof: Built-Up
  • Pool Features: In Ground, Heated
  • View: Gulf, Water
  • View: Yes
  • Waterfront Features: Gulf, Waterfront, Beach Access
  • Waterfront: Yes
  • Home Warranty: Yes
  • Construction Type: Concrete, Steel
  • Foundation Details: Pillar/Post/Pier
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Covered, Parking Lot

Utilities

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)
  • Sewer: Public Sewer
  • Laundry Features: Inside, W/D Hookups
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Beach, Pool, Community Room, Elevator, Fitness Center, Pavilion/Gazebo, Picnic Area, Tennis Court(s)
  • Association Fee: 9477.36
  • Association Fee Frequency: Annually
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Association, Cable TV, Maintenance Grounds, Insurance, Management, Pest Control, Trash, Water/Sewer

Schools

  • Elementary School: Hellen Caro
  • High School: Escambia
  • Middle Or Junior School: Bailey

Lot Info

  • Lot Size Sq Ft: 174240
  • Zoning Description: Res Multi
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2020
Closed on
Nov 18, 2020
Sold by
706 Properties Llc
Bought by
Danos Chris and Danos Kim
Seller's Agent
Michael Ricketts
MIKE RICKETTS REALTY INC.
Buyer's Agent
Michael Ricketts
MIKE RICKETTS REALTY INC.
List Price
$659,000
Sold Price
$640,000
Premium/Discount to List
-$19,000
-2.88%
Current Estimated Value
$928,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$288,116
Avg. Annual Appreciation
8.10%

Purchase Details

Closed on
May 30, 2007
Sold by
Perlman Bruce S and Baxter Perlman Carolyn T
Bought by
706 Properties Llc
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
Danos Chris $640,000 Coastal Land Title Llc
706 Properties Llc $599,000 Southern Escrow & Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perlman Bruce S $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2020 11/18/20 Sold $640,000 -2.1% $331 / Sq Ft
07/31/2020 07/31/20 Price Changed $654,000 -0.8% $338 / Sq Ft
03/28/2020 03/28/20 For Sale $659,000 -- $341 / Sq Ft
Source: Pensacola 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 $9,132 $812,700 -- $812,700
2023 $9,132 $655,578 $0 $0
2022 $8,334 $638,550 $0 $638,550
2021 $7,628 $541,800 $0 $0
2020 $7,102 $541,800 $0 $0
2019 $6,706 $522,450 $0 $0
2018 $6,236 $474,075 $0 $0
2017 $5,394 $367,750 $0 $0
2016 $5,485 $367,750 $0 $0
2015 $5,284 $350,000 $0 $0
2014 $5,067 $331,646 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pensacola Association of REALTORS®

MLS Number: 570044

Pensacola Association of REALTORS®

APN: 35-3S-32-4200-000-040