NOT LISTED FOR SALE

Estimated Value: $7,814,000

6 Beds
10 Baths
17,885 Sq Ft
$437/Sq Ft Est. Value

Last Sold June 21, 2021

Last sale price $24,000,000 $1,342 Per Sq Ft

Current estimated payment $51,789/month

127 Days on Market

Highlights

  • 368 Feet of Waterfront
  • Boat Ramp
  • Golf Course Community
  • Beacon Cove Intermediate School Rated A-
  • Property has ocean access
  • Intracoastal View

About This Home

As of June 2021

TROPHY PROPERTY The largest Intracoastal property in Admirals Cove. If you like toys this is your home. This majestic property boasts over 365' of prime protected waterfrontage for a Mega Yacht, has a garage for over 25 cars plus a motor coach and is situated on almost 1.5 acres. This house was built to stand the test of time. Enjoy countless hours outdoors under oversized loggias with TV, swim up bar with sunken kitchen, pedestrian bridge with waterfalls, 2 hot tubs, fire bowls all overlooking the Intracoastal. The master suite is fit for a King and Queen with separate baths, closets and morning bar. Her bath has oversized jacuzzi tub, dual vanities, shower, custom cabinetry, and detailed ceiling. His bath has steam shower with heated shower lounger and custom cabinetry.

Last Agent to Sell the Property

Robert Thomson

Waterfront Properties & Club C License #0465514 Listed on: 01/14/2021

Last Buyer's Agent

Robert Thomson

Waterfront Properties & Club C License #0465514 Listed on: 01/14/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $312,884

Year Built

  • Built in 2016

Lot Details

  • 1.47 Acre Lot
  • 368 Feet of Waterfront
  • Home fronts navigable water
  • Property fronts an intracoastal waterway
  • Property is zoned R1(cit

HOA Fees

  • $736 Monthly HOA Fees

Parking

  • 25 Car Attached Garage
  • Circular Driveway

Property Views

  • Intracoastal
  • Pool

Interior Spaces

  • 17,885 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Furnished
  • Built-In Features
  • Bar
  • Vaulted Ceiling
  • Fireplace
  • French Doors
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Home Theater
  • Den

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass

Pool

  • Free Form Pool
  • Pool Equipment or Cover

Outdoor Features

  • Property has ocean access
  • No Fixed Bridges
  • Rip-Rap
  • Outdoor Grill

Utilities

  • Zoned Heating and Cooling
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 30434107150002640

Community Details

Overview

  • Association fees include common areas, cable TV, internet
  • Private Membership Available
  • Admirals Cove Subdivision

Amenities

  • Sauna
  • Clubhouse
  • Game Room
  • Community Wi-Fi

Recreation

  • Boat Ramp
  • Boating
  • Golf Course Community
  • Tennis Courts
  • Pickleball Courts
  • Community Pool
  • Community Spa
  • Putting Green

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$312,884

Year Built

Built in 2016

Lot Details

0

HOA Fees

$736 per month

Parking

25

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Alt A1A to Admirals Cove Blvd. North on Regatta Dr, East on Spylgass Lane
  • Year Built: 2016
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Breakfast Bar, Built-in Features, Breakfast Area, Closet Cabinetry, Dining Area, Separate/Formal Dining Room, Entrance Foyer, Elevator, French Door(s)/Atrium Door(s), Fireplace, High Ceilings, Vaulted Ceiling(s), Bar, Walk-In Closet(s)
  • Furnished: Furnished
  • Spa Features: Community
  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 7
  • Half Bathrooms: 3
  • Total Bedrooms: 6
  • Door Features: French Doors
  • Fireplace: Yes
  • Flooring: Carpet, Marble
  • Living Area: 17885.0
  • Dining Room Type: Den, Family Room, Laundry, Media Room, Storage Room
  • Stories: 2
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Outdoor Grill
  • View: Intercoastal, Pool
  • Road Frontage Type: Waterfront
  • Pool Features: Free Form, Other, Pool Equipment, Pool, Association, Community
  • Pool Private: Yes
  • Waterfront Features: Intracoastal Access, Navigable Water, No Fixed Bridges, Ocean Access, Riprap
  • Waterfront: Yes
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Other

Garage/Parking

  • Covered Parking Spaces: 25.0
  • Attached Garage: Yes
  • Garage Spaces: 25.0
  • Garage Yn: Yes
  • Parking Features: Attached, Circular Driveway, Driveway, Garage, Two or More Spaces

Utilities

  • Laundry Features: In Garage
  • Security: Security System, Closed Circuit Camera(s), Gated with Guard
  • Cooling: Electric, Zoned
  • Cooling Y N: Yes
  • Heating: Electric, Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 736.0
  • Community Features: Boat Facilities, Clubhouse, Golf, Golf Course Community, Game Room, Gated, Internet Access, Pickleball, Pool, Sauna, Tennis Court(s)
  • Senior Community: No
  • Amenities: Clubhouse, Golf Course, Pickleball, Private Membership, Pool, Putting Green(s), Sauna, Spa/Hot Tub, Tennis Court(s)
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Internet

Lot Info

  • Parcel #: 30434107150002640
  • Lot Size Sq Ft: 63832.0
  • Zoning Description: R1(cit
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 312884.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2021
Closed on
Jun 21, 2021
Sold by
Gray Johnny and Gray Terry
Bought by
Mcmahon George and Mcmahon Sarah Ann
Seller's Agent
Robert Thomson
Waterfront Properties & Club C
Buyer's Agent
Robert Thomson
Waterfront Properties & Club C
List Price
$32,500,000
Sold Price
$24,000,000
Premium/Discount to List
-$8,500,000
-26.15%
Current Estimated Value
$7,814,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,186,000
Avg. Annual Appreciation
-23.89%
Original Mortgage
$16,000,000
Outstanding Balance
$14,673,947
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
-$6,859,947

Purchase Details

Listed on
Jun 8, 2012
Closed on
Apr 16, 2013
Sold by
Notter John L and Notter Doris M
Bought by
Gray Johnny
Seller's Agent
Thomas Frankel
Admirals Cove Realty Co Inc
Buyer's Agent
Robert Thomson
Waterfront Properties & Club C
List Price
$7,900,000
Sold Price
$7,338,000
Premium/Discount to List
-$562,000
-7.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.57%

Purchase Details

Closed on
Dec 22, 2009
Sold by
Degeorge Florence A
Bought by
Notter John L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.01%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Mcmahon George $24,000,000 Assured Title Agency
Gray Johnny $7,338,000 Attorney
Notter John L $6,150,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcmahon George $16,000,000
Previous Owner Notter John L $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2021 06/21/21 Sold $24,000,000 -26.2% $1,342 / Sq Ft
05/22/2021 05/22/21 Pending -- -- --
01/14/2021 01/14/21 For Sale $32,500,000 +342.9% $1,817 / Sq Ft
04/16/2013 04/16/13 Sold $7,338,000 -7.1% $1,086 / Sq Ft
03/17/2013 03/17/13 Pending -- -- --
06/08/2012 06/08/12 For Sale $7,900,000 -- $1,169 / 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
2024 $384,478 $22,626,914 -- --
2023 $380,508 $21,967,878 $0 $0
2022 $382,213 $21,328,037 $0 $0
2021 $357,479 $21,106,075 $7,140,000 $13,966,075
2020 $312,884 $16,703,853 $5,100,000 $11,603,853
2019 $317,432 $16,726,870 $5,610,000 $11,116,870
2018 $297,543 $16,134,921 $5,132,217 $11,002,704
2017 $348,325 $18,535,468 $5,132,217 $13,403,251
2016 $92,672 $4,591,206 $0 $0
2015 $84,221 $4,173,824 $0 $0
2014 $77,552 $3,794,385 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10684338

BeachesMLS

APN: 30-43-41-07-15-000-2640