NOT LISTED FOR SALE

1407 SW Peninsula Ln Palm City, FL 34990

Estimated Value: $685,000 - $790,000

3 Beds
2 Baths
1,612 Sq Ft
$457/Sq Ft Est. Value

Last Sold September 30, 2024

Last sale price $794,000 $493 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $4,656/month

65 Days on Market

Highlights

  • Property has ocean access
  • Home fronts navigable water
  • Lake View
  • Bessey Creek Elementary School Rated A-
  • Home fronts a creek
  • Deck

About This Home

As of September 2024

Lock in your investment now with 7% annual appreciation and a 2% interest rate reduction paid by the sellers if closed by September 30, 2024. Welcome to your move-in-ready, idyllic retreat for boating enthusiasts, nestled in the coveted neighborhood of Rustic Hills. This fully updated, tastefully curated designer's haven has been meticulously crafted with exquisite attention to every detail. The current owners recently invested $150,000 in upgrades, making this an obvious choice for those seeking both lifestyle and value. Enjoy picturesque canal views from the kitchen and family room, dine on the stylish travertine patio surrounded by lush, mature landscaping, and take advantage of your own private dock with a newer (2022) 10,000 lb ''Tide Tamer'' boat lift.

Last Agent to Sell the Property

Kristina Holm

EXP Realty LLC License #3304840 Listed on: 07/22/2024

EXP Realty LLC

Last Buyer's Agent

Sean Underwood

Jupiter By the Sea Realty Inc License #0707607

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,141

Year Built

  • Built in 1978

Lot Details

  • 0.29 Acre Lot
  • Home fronts a creek
  • Home fronts navigable water
  • Sprinkler System
  • Property is zoned R-2B

HOA Fees

  • $20 Monthly HOA Fees

Property Views

  • Lake
  • Canal

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,612 Sq Ft Home
  • 2-Story Property
  • Furnished or left unfurnished upon request
  • Ceiling Fan
  • Jalousie or louvered window
  • Combination Dining and Living Room
  • Impact Glass

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Attached Garage
  • Attached Carport

Outdoor Features

  • Property has ocean access
  • Fixed Bridges
  • Canal Access
  • Deck
  • Shed

Utilities

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

Community Details

  • Rustic Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 123840001000009706

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,141

Year Built

Built in 1978

Lot Details

0

HOA Fees

$20 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Murphy Rd. to Peninsula Lane
  • Year Built: 1978
  • Carport Y N: Yes
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Dual Sinks, Living/Dining Room
  • Furnished: Negotiable
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet, Vinyl
  • Living Area: 1612.0
  • Dining Room Type: Laundry
  • Stories: 2
  • Window Features: Impact Glass, Jalousie

Exterior Features

  • Exterior Features: Deck, Shed
  • View: Canal, Lake
  • Lot Features: Sprinkler System
  • Pool Features: None
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Canal Access, Creek, Fixed Bridge, Navigable Water, Ocean Access
  • Waterfront: Yes
  • Construction Type: Block
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Yn: No
  • Parking Features: Attached Carport, Attached, Garage

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Natural Gas Available
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee: 20.0
  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Other

Lot Info

  • Parcel #: 123840001000009706
  • Lot Size: 1/4 to 1/2 Acre
  • Lot Size Sq Ft: 12641.0
  • Zoning Description: R-2B
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 9141.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2024
Closed on
Sep 30, 2024
Sold by
Slone Rylan K and Slone Kayley
Bought by
Neff Christopher D and Neff Monique E
Seller's Agent
Kristina Holm
EXP Realty LLC
Buyer's Agent
Sean Underwood
Jupiter By the Sea Realty Inc
List Price
$799,000
Sold Price
$794,000
Premium/Discount to List
-$5,000
-0.63%
Views
22
Current Estimated Value
$736,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$57,520
Avg. Annual Appreciation
-6.79%
Original Mortgage
$754,300
Outstanding Balance
$746,534
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
-$10,054

Purchase Details

Listed on
Dec 14, 2021
Closed on
Feb 17, 2022
Sold by
Roy Owenby Jr and Roy Lori
Bought by
Slone Rylan and Slone Kayley
Seller's Agent
Andy Spears
RE/MAX of Stuart - Palm City
Buyer's Agent
Tracy Madden
Berkshire Hathaway Florida Realty
List Price
$678,000
Sold Price
$655,000
Premium/Discount to List
-$23,000
-3.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.62%
Original Mortgage
$524,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 1997
Sold by
Evans Harry E and Evans Dawneva C
Bought by
Owenby Roy and Owenby Lori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,600
Interest Rate
7.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 1993
Sold by
Evans Harry E and Evans Dawneva C
Bought by
Americas Wholesale Lender

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,000
Interest Rate
7.39%

Purchase Details

Closed on
Feb 25, 1992
Bought by
Owenby Roy and Owenby Lori

Purchase Details

Closed on
Jan 1, 1901
Bought by
Owenby Roy and Owenby Lori
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
Neff Christopher D $794,000 Tortuga Title Llc
Slone Rylan $655,000 Florida Title & Guarantee Agen
Owenby Roy $136,500 --
Americas Wholesale Lender -- --
Owenby Roy $120,000 --
Owenby Roy -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Neff Christopher D $754,300
Previous Owner Slone Rylan $524,000
Previous Owner Owenby Roy $107,600
Previous Owner Americas Wholesale Lender $97,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2024 09/30/24 Sold $794,000 -0.6% $493 / Sq Ft
07/27/2024 07/27/24 For Sale $799,000 +22.0% $496 / Sq Ft
02/17/2022 02/17/22 Sold $655,000 -3.4% $454 / Sq Ft View Prior Sale
01/18/2022 01/18/22 Pending -- -- --
12/14/2021 12/14/21 For Sale $678,000 -- $470 / 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
2025 $9,280 $584,994 -- --
2024 $9,141 $578,850 $578,850 $248,850
2023 $9,141 $563,300 $563,300 $233,300
2022 $2,647 $175,706 $0 $0
2021 $2,635 $170,589 $0 $0
2020 $2,539 $168,234 $0 $0
2019 $2,503 $164,451 $0 $0
2018 $2,388 $158,578 $0 $0
2017 $1,942 $155,317 $0 $0
2016 $2,212 $152,122 $0 $0
2015 $2,098 $151,065 $0 $0
2014 $2,098 $149,865 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2024

    Kristina Holm

    EXP Realty LLC

    (561) 389-6521

    1 in this area

    9 Total Sales

    Kristina Holm
    Section Image
  • Sean Underwood

    Buyer's Agent in 2024

    Sean Underwood

    Jupiter By the Sea Realty Inc

    (561) 312-7790

    1 in this area

    75 Total Sales

    Sean Underwood
    Section Image
  • Andy Spears

    Seller's Agent in 2022

    Andy Spears

    RE/MAX

    (772) 263-2515

    62 in this area

    96 Total Sales

    Andy Spears
    Section Image

  • T

    Buyer's Agent in 2022

    Tracy Madden

    Berkshire Hathaway Florida Realty

    (484) 343-3856

    18 in this area

    33 Total Sales

    Tracy Madden
    Section Image
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Map

Source: BeachesMLS

MLS Number: R11007587

BeachesMLS

APN: 12-38-40-001-000-00970-6

Florida Martin County Palm City 34990

1407 SW Peninsula Ln, Palm City, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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