NOT LISTED FOR SALE

1702 8th St E Palmetto, FL 34221

Estimated Value: $1,158,000 - $1,526,000

3 Beds
4.5 Baths
2,804 Sq Ft
$479/Sq Ft Est. Value

Last Sold May 26, 2021

Last sale price $1,080,000 $385 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $8,682/month

25 Days on Market

Highlights

  • 204 Feet of Waterfront
  • Boat Dock
  • Private Beach
  • Marina
  • Water access To Gulf or Ocean
  • Boat Lift

About This Home

As of May 2021

Your dreams come true in this Luxury waterfront home located within the resort style boating community of Sanctuary Cove. Situated on almost half an acre of waterfront property, this beautiful home offers a 3 bedroom/office/4.5 bath, 3 car garages, with multiple outdoor areas to enjoy Florida sunsets. And, Yes! You can live ON THE WATER and have peace of mind that you are protected by impact doors and windows and NOT in a flood zone! That’s right, No flood insurance required. Newly built, this smart home is just waiting for you to pull your boat up to the new dock equipped with a 10,000 lb. boat lift. Upgrades galore include both gas and electric heating sources for pool/hot tub, travertine decking, electric hurricane shades, office with built in cabinets and desk, each bedroom has its own private full bathroom, a full outdoor pool bathroom. The gated community amenities include clubhouse with gym, billiards room, resort style pool, hot tub, private beach, marina, and boat access to manatee river

Last Agent to Sell the Property

Ben Mouzon

KW SUNCOAST License #3300011 Listed on: 03/19/2021

KW SUNCOAST

Last Buyer's Agent

Edward Bieker

DALTON WADE INC License #3393331

DALTON WADE INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,123

Year Built

  • Built in 2019

Lot Details

  • 0.39 Acre Lot
  • 204 Feet of Waterfront
  • Property fronts a freshwater canal
  • Property fronts a private road
  • Private Beach
  • Southeast Facing Home
  • Fenced
  • Corner Lot
  • Oversized Lot
  • Landscaped with Trees
  • Property is zoned PDMU

HOA Fees

  • $128 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Ground Level Parking
  • Garage Door Opener
  • On-Street Parking
  • Open Parking
  • Golf Cart Garage

Property Views

  • Lagoon
  • Canal
  • Pool

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,804 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Vaulted Ceiling
  • Ceiling Fan
  • ENERGY STAR Qualified Windows
  • Shade Shutters
  • Blinds
  • Sliding Doors
  • Den

Kitchen

  • Eat-In Kitchen
  • Built-In Convection Oven
  • Cooktop with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Engineered Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Fire and Smoke Detector
  • Pest Guard System

Eco-Friendly Details

  • Energy-Efficient HVAC
  • Energy-Efficient Lighting
  • Energy-Efficient Insulation
  • Energy-Efficient Roof
  • Energy-Efficient Thermostat
  • Ventilation
  • Air Filters MERV Rating 10+
  • Reclaimed Water Irrigation System

Pool

  • Heated Indoor Pool
  • Screened Pool
  • Heated Spa
  • In Ground Spa
  • Saltwater Pool
  • Fence Around Pool
  • Pool Deck
  • Pool Alarm
  • Outside Bathroom Access
  • Pool Tile
  • Pool Lighting

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Lagoon or Estuary
  • Property is near a marina
  • Access to a freshwater canal featuring a boatlift for transitioning to a saltwater canal
  • Seawall
  • Boat Lift
  • Dock made with Composite Material
  • Deck
  • Enclosed Patio or Porch
  • Outdoor Kitchen
  • Rain Gutters

Schools

  • James Tillman Elementary School
  • Lincoln Middle School
  • Palmetto High School

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Underground Utilities
  • Tankless Water Heater
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, ground maintenance, recreational facilities
  • $317 Other Monthly Fees
  • Megan Heins Association, Phone Number (800) 337-5850
  • Sanctuary Cove Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions, allowable golf cart usage in the community, no truck, recreational vehicles, or motorcycle parking

Amenities

  • Clubhouse

Recreation

  • Boat Dock
  • Community Boat Slip
  • Marina
  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa
  • Fishing
  • Park

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,123

Year Built

Built in 2019

Lot Details

0

HOA Fees

$128 per month

Parking

3

Listing Details

  • HOA Fee Includes: Community Pool, Maintenance Grounds, Recreational Facilities
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 2804
  • Lot Size Acres: 0.39
  • New Construction: No
  • Year Built: 2019
  • Building Area Total: 3197
  • Lot Size Sq Ft: 17102
  • Directions to Property: Take I-75 to exit 224 turn right onto US 301 Turn left at 15th Ave Dr E Make a left onto Sanctuary Cove Way. Gate close at 6.30pm.
  • Status: Sold
  • Street Post Direction: E
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4493616?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4493616?w=Customer
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Other Fees Amount: 952
  • Ratio: Close Price\List Price: 0.93995
  • Price per Sq Ft: 385.16
  • Close to Original List Price Ratio: 0.9
  • Ratio: Current Price\Building Area Total: 337.82
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Engineered Hardwood, Tile
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, Open Floorplan, Pest Guard System, Solid Surface Counters, Split Bedroom, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Gas Water Heater, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 1
  • Window Features: Blinds, ENERGY STAR Qualified Windows, Shade Shutter(s)
  • Street Number Modifier: 1702
  • Room Count: 7
  • Additional Rooms: Den/Library/Office

Exterior Features

  • Direction Faces: Southeast
  • Other Structures: Other, Outdoor Kitchen
  • Pool Features: Deck, Heated, Indoor, Lighting, Outside Bath Access, Pool Alarm, Salt Water, Screen Enclosure, Tile
  • Exterior Features: Fenced, Irrigation System, Outdoor Kitchen, Rain Gutters, Sidewalk, Sliding Doors, Sprinkler Metered
  • Roof: Tile
  • Pool Private: Yes
  • Road Frontage Type: Private Road
  • View: Pool, Water
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Enclosed, Patio, Screened
  • Road Surface Type: Asphalt
  • Water View: Canal, Lagoon
  • Water Access: Beach - Private, Canal - Freshwater, Freshwater Canal w/Lift to Saltwater Canal, Gulf/Ocean, Gulf/Ocean to Bay, Lagoon
  • Water Extras: Dock - Composite, Dock w/Electric, Lift, Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 204
  • Water Frontage Feet Canal Fresh: 204

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Golf Cart Garage, Golf Cart Parking, Ground Level, On Street
  • Covered Parking Spaces: 3
  • Open Parking: Yes

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Natural Gas Available, Natural Gas Connected, Phone Available, Public, Sewer Connected, Sprinkler Recycled, Street Lights, Underground Utilities, Water Available, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Fishing, Fitness, Gated Community, Golf Carts OK, Irrigation-Reclaimed Water, No Truck/RV/Motorcycle Parking, Park, Playground, Pool, Sidewalk, Water Access, Waterfront
  • Association Amenities: Boat Slip, Clubhouse, Boat Dock, Fitness Center, Gated, Maintenance, Marina, Playground, Pool, Security, Spa/Hot Tub
  • Association Fee: 385
  • Association Fee Frequency: Quarterly
  • Association Name: Megan Heins
  • Phone: 800-337-5850
  • Association: Yes
  • Security: Fire Alarm, Gated Community, Smoke Detector(s)
  • Senior Community: No
  • Other Fees Term: Annual
  • Association Email: meganheins@castlegroup.com
  • Condo Land Included Y N: No
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 2492
  • Monthly HOA Fee: 128.33
  • Total Monthly Fees: 207.67

Schools

  • Elementary School: James Tillman Elementary
  • High School: Palmetto High
  • Middle Or Junior School: Lincoln Middle

Lot Info

  • Zoning: PDMU
  • Parcel Number: 1015730409
  • Additional Parcels: No
  • Fencing: Other
  • Lot Features: Corner Lot, Near Marina, Oversized Lot, Sidewalk
  • Flood Zone Code: X, AE

Green Features

  • Efficiency: Appliances, HVAC, Insulation, Lighting, Roof, Thermostat, Water Heater, Windows
  • Green Indoor Air Qlty: Air Filters MERV 10+, Ventilation
  • Green Water Conservation: Irrigation-Reclaimed Water

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Minimum Lease: 1 Month
  • Approval Process: See HOA Guidelines
  • Lease Restrictions Y N: No
  • Additional Lease Restrictions: See HOA Guidelines

Tax Info

  • Tax Annual Amount: 9122.68
  • Tax Block: 1
  • Tax Book Number: 36-51
  • Tax Lot: 8

Multi Family

  • Waterfront Features: Canal - Freshwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2021
Closed on
May 26, 2021
Sold by
Jeanette Welch Revocable Trust and Welch Jeanette
Bought by
Schilling Robert and Schilling Diane
Seller's Agent
Ben Mouzon
KW SUNCOAST
Buyer's Agent
Edward Bieker
DALTON WADE INC
List Price
$1,200,000
Sold Price
$1,080,000
Premium/Discount to List
-$120,000
-10%
Current Estimated Value
$1,344,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,125
Avg. Annual Appreciation
5.11%
Original Mortgage
$783,750
Outstanding Balance
$710,690
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$633,435

Purchase Details

Closed on
Jan 25, 2019
Sold by
Wcl Communities Llc
Bought by
Welch Jeanette

Purchase Details

Closed on
Sep 18, 2017
Sold by
Sanctuary Cove Asli Vi L L L P
Bought by
Wci Communities Llc

Purchase Details

Closed on
Nov 30, 2000
Sold by
Hyde Dennis L
Bought by
Friddle Danny L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,320
Interest Rate
7.82%
Mortgage Type
VA

Purchase Details

Closed on
Feb 28, 1994
Sold by
Monk Johnny T
Bought by
Hyde Dennis L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,900
Interest Rate
7.04%
Mortgage Type
VA
Source: Public Records

Range of Values:

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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
Schilling Robert $1,080,000 Optimum Title
Welch Jeanette $655,500 Calatlantic Title Inc
Wci Communities Llc $4,579,200 Flroida Title & Guarantee
Friddle Danny L $66,000 --
Hyde Dennis L $64,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schilling Robert $783,750
Previous Owner Friddle Danny L $67,320
Previous Owner Hyde Dennis L $64,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2021 05/26/21 Sold $1,080,000 -6.0% $385 / Sq Ft
04/12/2021 04/12/21 Pending -- -- --
03/28/2021 03/28/21 Price Changed $1,149,000 -4.3% $410 / Sq Ft
03/18/2021 03/18/21 For Sale $1,200,000 -- $428 / Sq Ft
Source: Stellar MLS

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 $17,139 $855,661 $276,250 $579,411
2024 $17,139 $896,618 $249,900 $646,718
2023 $16,716 $818,172 $229,500 $588,672
2022 $9,663 $894,606 $225,000 $669,606
2021 $9,277 $479,808 $100,000 $379,808
2020 $9,123 $450,150 $100,000 $350,150
2019 $1,336 $90,000 $90,000 $0
2018 $744 $36,000 $36,000 $0
2017 $717 $36,000 $0 $0
2016 $735 $36,350 $0 $0
2015 $742 $36,350 $0 $0
2014 $742 $36,350 $0 $0
2013 $750 $36,350 $36,350 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4493616

Stellar MLS

APN: 10157-3040-9