NOT LISTED FOR SALE

Estimated Value: $18,272,724

4.86 Acres
$3,759,820 Price per Acre
211,702 Sq Ft Lot

Last Sold May 01, 2018

Last sale price $700,000

Est. 2,510% increase in value since last sale

Current estimated payment $113,622/month

196 Days on Market

Highlights

  • City View
  • 4.86 Acre Lot
  • Rectangular Lot
  • Cape Elementary School Rated A-

About This Lot

As of May 2018

Cleared commercial 4.86 acre parcel on Skyline Boulevard, just south of Trafalgar and north of Veterans. Property has a commercial professional land use and is within a Commercial Pedestrian C-1 zoning district. The land use and zoning districts permit the range of commercial uses: retail, restaurants, fast food, office, ALF, hotels/motels, and other uses such as convenience gas stations by special exception approval. Great site, bounded by streets on 3 sides, cleared and ready for development. Property is served by City utilities; water, sewer and irrigation.

Last Agent to Sell the Property

Annette Barbaccia

Miloff Aubuchon Realty Group License #258012566 Listed on: 09/16/2017

Miloff Aubuchon Realty Group

Last Buyer's Agent

Annette Barbaccia

Miloff Aubuchon Realty Group License #258012566 Listed on: 09/16/2017

Miloff Aubuchon Realty Group

Property Details

Property Type

  • Land

Lot Details

  • 4.86 Acre Lot
  • Lot Dimensions are 785 x 270 x 785 x 270
  • East Facing Home
  • Rectangular Lot
  • Cleared Lot
  • Property is zoned MR

Additional Features

  • City Views
  • Cable TV Available

Community Details

  • Cape Coral Subdivision

Listing and Financial Details

  • Legal Lot and Block 1 / 4428
  • Assessor Parcel Number 27-44-23-C2-04428.0010

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Sub Type: Commercial
  • Prop. Type: Land
  • Lot Size Acres: 4.86
  • Lot Size: 785 x 270 x 785 x 270
  • Subdivision Name: CAPE CORAL
  • Directions: From Veterans Parkway, head north on Skyline Blvd, property will be on the west side.
  • Property Sub Type Additional: Commercial,Unimproved Land
  • Special Features: None

Interior Features

  • Possible Use: See Remarks

Exterior Features

  • Lot Features: Cleared, Rectangular Lot, See Remarks
  • View: City
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: See Remarks
  • Direction Faces: East

Utilities

  • Sewer: See Remarks
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: See Remarks

Condo/Co-op/Association

  • Amenities: See Remarks

Fee Information

  • Association Fee Includes: None

Lot Info

  • Current Use: Commercial
  • Parcel #: 27-44-23-C2-04428.0010
  • Zoning Description: MR
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 26222.0
  • Tax Block: 4428
  • Tax Lot: 1
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2024
Sold by
Zamzam Florida Ii Llc
Bought by
Tsai Ming Yuan
Current Estimated Value
$18,272,724

Purchase Details

Closed on
Nov 8, 2023
Sold by
Cape Coral Alf Investment Llc
Bought by
Zamzam Florida Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,680,000
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2023
Sold by
Coral Land Holdings Llc
Bought by
Cape Coral Alf Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,750,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2021
Sold by
Coral Land Holdings Llc
Bought by
Hafesjee John Ismail and Hafesjee Madhu

Purchase Details

Listed on
Sep 16, 2017
Closed on
May 1, 2018
Sold by
Florida Bajamas Sericvs Croop
Bought by
Coral Land Holdings Lc
Seller's Agent
Annette Barbaccia
Miloff Aubuchon Realty Group
Buyer's Agent
Annette Barbaccia
Miloff Aubuchon Realty Group
List Price
$1,100,000
Sold Price
$700,000
Premium/Discount to List
-$400,000
-36.36%

Purchase Details

Closed on
Mar 29, 2011
Sold by
Family Of God Lutheran Church Inc
Bought by
Florida Bahamas Service Corp
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Tsai Ming Yuan $1,818,200 None Listed On Document
Zamzam Florida Ii Llc $16,471,000 None Listed On Document
Zamzam Florida Ii Llc $1,629,000 None Listed On Document
Cape Coral Alf Investment Llc $18,000,000 None Listed On Document
Hafesjee John Ismail $1,449,100 Old Republic Natl Ttl Ins Co
Coral Land Holdings Lc $700,000 Attorney
Florida Bahamas Service Corp $105,900 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zamzam Florida Ii Llc $49,680,000
Previous Owner Cape Coral Alf Investment Llc $12,750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2018 05/01/18 Sold $700,000 -36.4% --
04/01/2018 04/01/18 Pending -- -- --
09/16/2017 09/16/17 For Sale $1,100,000 -- --
Source: Florida Gulf Coast Multiple Listing Service

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 $213,475 $8,402,905 $1,693,960 $6,586,487
2024 $213,475 $11,705,194 $846,980 $10,661,742
2023 $208,883 $11,170,149 $582,299 $10,434,897
2022 $214,950 $11,638,002 $615,922 $11,022,080
2021 $190,321 $9,267,266 $612,706 $8,654,560
2020 $34,475 $582,299 $582,299 $0
2019 $34,425 $582,299 $582,299 $0
2018 $25,562 $111,294 $111,294 $0
2017 $24,940 $105,851 $105,851 $0
2016 $26,222 $105,851 $105,851 $0
2015 $23,950 $105,851 $105,851 $0
2014 $23,816 $105,851 $105,851 $0
2013 -- $105,851 $105,851 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 217057358

Florida Gulf Coast Multiple Listing Service

APN: 27-44-23-C2-04428.0010