NOT LISTED FOR SALE

Estimated Value: $5,101,000 - $9,929,625

0.38 Acre
$20,844,408 Price per Acre
16,553 Sq Ft Lot

Last Sold November 08, 2024

Last sale price $10,471,000

Est. 24% decrease in value since last sale

Current estimated payment $50,920/month

290 Days on Market

Highlights

  • Beach Front
  • Gulf View
  • Paved or Partially Paved Lot
  • Lake Park Elementary School Rated A
  • Door to Door Trash Pickup

About This Lot

As of November 2024

This beachfront lot at 17 7th Avenue South is arguably one of the most iconic historical properties in Olde Naples, showcasing 100 ft of beach frontage and over 1/2 an acre of Gulf-front splendor. This location offers unparalleled convenience, with close proximity to downtown 5th Avenue South and Third Street South. Seize the moment to fashion your coastal sanctuary in this unmatched and accessible setting. The adjacent property, 670 Gulfshore Boulevard South, is also available for a simultaneous purchase, which would provide more than an acre of gulf front property. This is an extraordinary opportunity that should not be overlooked – a rare chance to embrace the epitome of Gulf-front History. Plans and Specs upon request.

Last Agent to Sell the Property

Dante DiSabato

William Raveis Real Estate Listed on: 01/22/2024

William Raveis Real Estate

Last Buyer's Agent

Shaun Dalton

Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $108,635

Lot Details

  • Beach Front
  • Property fronts gulf or ocean
  • West Facing Home
  • Paved or Partially Paved Lot
  • Irrigation
  • Cleared Lot

Property Views

  • Gulf Views

Utilities

  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 14003040105
  • Tax Block 14

Community Details

Overview

  • Olde Naples Condos
  • Olde Naples Community

Amenities

  • Door to Door Trash Pickup

Property Details

Property Type

Land

Est. Annual Taxes

$108,635

Lot Details

0

Listing Details

  • Legal Description: NAPLES T 1 BLK 14 LOTS 15-17 POR OF LOT 14 AND POR OF VAC N/S ALLEY, DESC AS POB SW COR LOT 17, N6-59-21W 100FT, N83-0-39E 165FT, S6-59-21E 100 FT, S83-0-39W 165FT TO POB.
  • Property Type: Lot And Land
  • Table: Lot & Land
  • Street View Param: 1$26.138571$-81.806561$27.02$13.33$1.00$88r8ZAF3lGr2qdC2rD66uA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Gulf Access Yn: No
  • Waterfront Description: Gulf Frontage, On The Gulf Beach
  • Road: Paved Road, Public Road
  • View: Gulf

Utilities

  • Utilities Available: Cable, Electric, Gas, Irrigation Water, Phone Line, Sewer, Trash Removal, Underground Wiring, Water
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Sub Condo Name: OLDE NAPLES
  • Development Name: OLDE NAPLES

Association/Amenities

  • Development: Olde Naples
  • Community Type: Non-Gated

Lot Info

  • Section: 4
  • Waterfront: Yes
  • Land Improvements: Cleared, Sidewalks, Street Lights
  • Land Use Code: 00-Vacant Residential
  • Lot Description: Oversize
  • Lot Type: Residential Lot
  • Rear Exposure: W
  • Usage: Single Family
  • Parcel Number: 14003040105

Tax Info

  • Taxes: 108634.51
  • Tax Year: 2023
  • Tax Description: City And County

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2024
Closed on
Nov 8, 2024
Sold by
Fraac Llc
Bought by
17 Naples Llc
Seller's Agent
Dante DiSabato
William Raveis Real Estate
Buyer's Agent
Shaun Dalton
Coldwell Banker Realty
List Price
$38,950,000
Sold Price
$10,471,000
Premium/Discount to List
-$28,479,000
-73.12%
Views
78
Current Estimated Value
$7,920,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,550,125
Avg. Annual Appreciation
-21.39%

Purchase Details

Closed on
Jan 4, 2021
Sold by
Green Todd C and Green Sarah Christine
Bought by
Fraac Llc

Purchase Details

Closed on
Nov 7, 2012
Sold by
Casita De La Playa Llc
Bought by
17 Naples Llc

Purchase Details

Closed on
May 4, 2001
Sold by
Sexton David N
Bought by
Macher Frank E and Macher Kathleen B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,970,000
Interest Rate
7.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2000
Sold by
Boothby Family Ltd Ptnr
Bought by
Galleberg Gary P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,187,500
Interest Rate
8.3%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
17 Naples Llc $10,471,000 None Listed On Document
17 Naples Llc $10,471,000 None Listed On Document
Fraac Llc $22,500,000 Attorney
17 Naples Llc $6,000,000 Attorney
Macher Frank E $6,725,000 --
Galleberg Gary P $4,250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Macher Frank E $3,970,000
Previous Owner Galleberg Gary P $3,187,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/08/2024 11/08/24 Sold $10,471,000 0.0% --
06/03/2024 06/03/24 Off Market $10,471,000 -- --
03/25/2024 03/25/24 Price Changed $19,900,000 -48.9% --
01/22/2024 01/22/24 For Sale $38,950,000 +120.7% --
10/15/2014 10/15/14 Sold $17,650,000 0.0% $4,062 / Sq Ft View Prior Sale
09/30/2014 09/30/14 Pending -- -- --
06/28/2014 06/28/14 Off Market $17,650,000 -- --
03/17/2014 03/17/14 For Sale $18,900,000 -- $4,350 / 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 $114,027 $13,860,100 $13,860,100 --
2024 $108,635 $11,295,436 -- --
2023 $108,635 $10,268,578 $0 $0
2022 $101,981 $9,335,071 $0 $0
2021 $85,453 $8,327,592 $8,327,592 $0
2020 $84,538 $8,327,592 $8,327,592 $0
2019 $78,424 $7,641,252 $7,641,252 $0
2018 $78,279 $7,641,252 $7,641,252 $0
2017 $78,732 $7,641,252 $7,641,252 $0
2016 $74,296 $7,181,100 $0 $0
2015 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 224004493

Naples Area Board of REALTORS®

APN: 14003040105