$475,000
SOLD FEB 28, 2025
3 Beds
2 Baths
1,957 Sq Ft
2002 Built

Recently Sold

$243 Per Sq Ft

21% Below List Price

112 Days on Market

Highlights

  • Lake Front
  • Fishing Pier
  • Clubhouse
  • Laurel Oak Elementary School Rated A
  • Gated Community
  • Cathedral Ceiling

About This Home

As of February 2025

Welcome to a villa that offers comfort and style in a serene setting and multiple improvements starting in June of 2024. The Tarpon Bay Cayman community has completed the following: New gray flat tile roofs, complemented by matching gutters, soffit, and fascia and impact resistant windows. Next will be new exterior paint and lighting. The villa's entrance features 24-inch ceramic tile flooring that flows through most of the home with cherry wood floors in the rest. The kitchen is well-appointed with a central island, granite countertops, and gas stove offering a functional space for cooking and meal preparation. There's both an eat-in breakfast nook for casual meals and a separate formal dining room with a coffered ceiling, ideal for hosting dinners. The den includes built-in cherry shelving and a Murphy bed, providing flexibility for use as a guest room or home office. Throughout the home, you'll find crown molding, plantation shutters, designer light fixtures, and ceiling fans adding a touch of character to every room. The bathrooms are elegantly designed with marble countertops. Step outside to your private lanai, where you can relax and enjoy peaceful views of the lake. This outdoor space is perfect for enjoying your morning coffee, hosting evening gatherings, or simply unwinding at the end of the day. Located in a desirable neighborhood, this villa offers convenient access to a variety of amenities and recreational activities. It is designed with comfort and functionality in mind, catering to a range of lifestyles. This home is easy to show and ready for you to move in. Don't miss this opportunity to own a villa with beautiful interiors and a tranquil lake view.

Last Agent to Sell the Property

Glen Whaley

INACTIVE AGENT ACCT Listed on: 10/16/2024

Co-Listed By

Sandra Schlaupitz

Exp Realty LLC

Last Buyer's Agent

Fadia Rassi

Realty One Group MVP

Realty One Group MVP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,189

Year Built

  • Built in 2002

Lot Details

  • Lake Front
  • End Unit
  • Cul-De-Sac
  • East Facing Home
  • Gated Home
  • Paved or Partially Paved Lot

HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Parking Garage Spaces
  • Automatic Garage Door Opener

Home Design

  • Duplex
  • Villa
  • Entry on the 1st floor
  • Concrete Block With Brick
  • Stucco
  • Tile

Interior Spaces

  • 1,957 Sq Ft Home
  • 1-Story Property
  • Custom Mirrors
  • Tray Ceiling
  • Cathedral Ceiling
  • 3 Ceiling Fans
  • Ceiling Fan
  • Single Hung Windows
  • French Doors
  • Formal Dining Room
  • Den
  • Screened Porch
  • Lake Views
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Gas Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Shower Only

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Water Fountains

Schools

  • Laurel Oak Elementary School
  • North Naples Middle School
  • Gulf Coast High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Tankless Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 25892000060

Community Details

Overview

  • 2 Units
  • Cayman Condos
  • Tarpon Bay Community
  • Mandatory home owners association

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Billiard Room
  • Business Center
  • Community Library
  • Recreation Room

Recreation

  • Fishing Pier
  • Tennis Courts
  • Community Basketball Court
  • Volleyball Courts
  • Pickleball Courts
  • Community Playground
  • Exercise Course
  • Community Pool or Spa Combo
  • Bike Trail

Pet Policy

  • Call for details about the types of pets allowed
  • 2 Pets Allowed

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,189

Year Built

Built in 2002

Lot Details

0

HOA Fees

$756 per month

Parking

2

Listing Details

  • Legal Description: CAYMAN I AT TARPON BAY A CONDOMINIUM UNIT 3
  • Property Type: Residential
  • Table: Residential
  • Building Design: Villa Attached
  • Building Description: 1 Story/Ranch, Duplex, End-Unit
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Furnished Description: Unfurnished
  • Numberof Ceiling Fans: 3
  • Num Unit Floor: 1
  • Price Per Sq Ft: 242.72
  • Total Floors: 1
  • Additional Rooms: Den/Study, Laundry in Residence, Screened Lanai/Porch
  • Estimated Living Area: 1957
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedroom Description: First Floor Bedroom, Master BR Ground
  • Bedrooms: 3 Bed
  • Total Bedrooms: 3
  • Dining Room: Eat-in Kitchen, Formal
  • Equipment: Auto Garage Door, Cooktop - Gas, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator/Freezer, Refrigerator/Icemaker, Self Cleaning Oven, Smoke Detector, Tankless Water Heater, Washer, Washer/Dryer Hookup
  • Flooring: Tile, Wood
  • Floor Plan: Split Bedrooms
  • Interior Amenities: Built-In Cabinets, Cable Prewire, Cathedral Ceiling, Custom Mirrors, French Doors, Pantry, Smoke Detectors, Tray Ceiling, Vaulted Ceiling, Walk-In Closet
  • Kitchen: Gas Available, Island, Pantry
  • Primary Bathroom: Dual Sinks, Shower Only
  • Windows: Single Hung

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Tile
  • Construction: Concrete Block
  • Irrigation: Reclaimed
  • Road: Cul-De-Sac, Paved Road, Private Road
  • View: Lake
  • Exterior Features: Patio, Water Display
  • Exterior Finish: Stucco
  • Waterfront Type: Lake

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 2
  • Parking: 2 Assigned, Driveway Paved

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Security: Gated
  • Sewer: Central
  • Water: Central
  • Gas Description: Natural

Condo/Co-op/Association

  • Approval: Application Fee
  • Management: Professional
  • Mandatory HOA: Yes
  • Restrictions: No Commercial, No RV, No Truck
  • Sub Condo Name: CAYMAN
  • Condo Fees: 915
  • Condo Fee Frequency: Quarterly
  • Maintenance: Cable, Internet/WiFi Access, Irrigation Water, Lawn/Land Maintenance, Legal/Accounting, Manager, Pest Control Exterior, Recreational Facilities, Reserve, Street Lights, Street Maintenance, Trash Removal
  • Master Hoa Fee: 1352
  • Master HOA Fee Frequency: Quarterly
  • Development Name: TARPON BAY

Association/Amenities

  • Pets: Limits
  • Pets Limit Max Number: 2
  • Development: Tarpon Bay
  • Amenities: Basketball, BBQ - Picnic, Bike And Jog Path, Billiards, Business Center, Clubhouse, Community Pool, Community Room, Community Spa/Hot tub, Exercise Room, Fishing Pier, Hobby Room, Internet Access, Library, Pickleball, Play Area, Sidewalk, Streetlight, Tennis Court, Underground Utility, Volleyball
  • Community Type: Gated
  • Units In Building: 2
  • Total Number of Units: 352

Schools

  • Elementary School: Laurel Oak Elementary
  • High School: Gulf Coast High
  • Middle School: North Naples Middle

Lot Info

  • Builder Product: No
  • Section: 30
  • Total Area: 2559
  • Waterfront: Yes
  • Rear Exposure: East
  • Lot Description: Cul-De-Sac
  • Parcel Number: 25892000060

Rental Info

  • Lease Limits: Yes
  • Leases Per Year: 12
  • Min Days Of Lease: 30

Tax Info

  • Tax Description: County Only, Homestead
  • Taxes: 3188.99
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2024
Closed on
Feb 24, 2025
Sold by
Whaley Margaret F and Whaley Living Trust
Bought by
Rassi Bechara and Rassi Vivian Barbara
Seller's Agent
Glen Whaley
INACTIVE AGENT ACCT
Buyer's Agent
Fadia Rassi
Realty One Group MVP
List Price
$599,900
Sold Price
$475,000
Premium/Discount to List
-$124,900
-20.82%
Views
17
Current Estimated Value
$482,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,238
Avg. Annual Appreciation
1.69%

Purchase Details

Closed on
Oct 4, 2021
Sold by
Whaley Merle Junior and Whaley Margaret Elizabeth
Bought by
Whaley Living Trust and Whaley

Purchase Details

Closed on
Mar 2, 2021
Sold by
Herbert Robert J and Herbert Sandra L
Bought by
Whaley Merle J and Whaley Margaret E

Purchase Details

Closed on
Oct 1, 2017
Sold by
Wade James C and Wade Ann M
Bought by
Herbert Robert J and Herbert Sandra L

Purchase Details

Closed on
Nov 23, 2009
Sold by
Piscitelli Louis and Piscitelli Kathleen
Bought by
Wade James C and Herbert Robert J

Purchase Details

Closed on
Nov 30, 2005
Sold by
Dearani Joan T
Bought by
Piscitelli Luis and Piscitelli Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
1.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 27, 2004
Sold by
Amendala Joseph and Amendala Laura Lynn
Bought by
Dearani Joan T

Purchase Details

Closed on
Dec 27, 2002
Sold by
W C I Com Inc
Bought by
Amendala Joseph and Amendala Laura Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,550
Interest Rate
5.99%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $475,000 Cottrell Title & Escrow
Warranty Deed $475,000 Cottrell Title & Escrow
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed $356,260 Florida Ttl & Guarantee Agcy
Warranty Deed -- Attorney
Warranty Deed $252,500 Attorney
Warranty Deed $550,000 Paradise Home Title Inc
Warranty Deed $361,000 Action Title Co
Warranty Deed $248,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $400,000 Negative Amortization
Previous Owner $23,550 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2025 02/28/25 Sold $475,000 -10.2% $243 / Sq Ft
02/05/2025 02/05/25 Pending -- -- --
02/03/2025 02/03/25 Price Changed $529,000 -5.4% $270 / Sq Ft
01/13/2025 01/13/25 Price Changed $559,000 -3.5% $286 / Sq Ft
11/26/2024 11/26/24 Price Changed $579,000 -1.8% $296 / Sq Ft
11/21/2024 11/21/24 Price Changed $589,900 -0.8% $301 / Sq Ft
11/07/2024 11/07/24 Price Changed $594,900 -0.8% $304 / Sq Ft
10/16/2024 10/16/24 For Sale $599,900 -- $307 / Sq Ft
Source: Naples Area Board 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
2025 $3,223 $464,712 -- $464,712
2024 $3,189 $348,835 -- --
2023 $3,189 $338,675 -- --
2022 $3,260 $328,811 $0 $0
2021 $3,341 $285,281 $0 $285,281
2020 $3,460 $299,636 $0 $299,636
2019 $3,481 $299,636 $0 $299,636
2018 $3,471 $299,636 $0 $299,636
2017 $3,492 $299,636 $0 $299,636
2016 $3,194 $274,195 $0 $0
2015 $3,031 $255,597 $0 $0
2014 $2,807 $233,270 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 224082503

Naples Area Board of REALTORS®

APN: 25892000060