NOT LISTED FOR SALE

1970 Gates Rd Merritt Island, FL 32952

Estimated Value: $1,562,251 - $1,624,000

5 Beds
4 Baths
4,451 Sq Ft
$360/Sq Ft Est. Value

Last Sold June 04, 2024

Last sale price $1,640,000 $368 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $9,887/month

15 Days on Market

Highlights

  • Boat Dock
  • River Front
  • Vaulted Ceiling
  • In Ground Spa
  • Open Floorplan
  • Wood Flooring

About This Home

As of June 2024

Nestled along the serene shore of Merritt Island awaits a waterfront oasis like no other. A quintessential Key West-style home, boasting luxury and charm with 5 beds/4 baths, this residence offers a blend of coastal elegance and modern comfort. It's an ultimate outdoor paradise, featuring a custom beach-entry pool with a rock bridge, palm island, and an elevated spa. Relax in the shady tiki hut patio or enjoy sunsets from your riverside dock with a covered boat lift. Inside the home features a natural rock fireplace, huge windows, and hardwood floors creating comfort with high-end style. Dual master suites, multiple living areas, a dedicated office space, and a fully outfitted kitchen provide you with the perfect space to call home. The metal-hip style roof will ease your mind as you relax on the covered front porch. In a prime location, this home offers the perfect blend of comfort, style, and convenience. Let this be your dream home!

Last Agent to Sell the Property

Dawn Garrison

Denovo Realty License #3462538 Listed on: 04/18/2024

Denovo Realty

Co-Listed By

Mary Thorne

Dale Sorensen Real Estate Inc. License #3424569

Last Buyer's Agent

Julie Steele

Blue Marlin Real Estate License #3484404

Blue Marlin Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,280

Year Built

  • Built in 1989 | Remodeled

Lot Details

  • 0.33 Acre Lot
  • River Front
  • Street terminates at a dead end
  • East Facing Home
  • Wood Fence

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Frame Construction
  • Metal Roof
  • Wood Siding
  • Asphalt

Interior Spaces

  • 4,451 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Central Vacuum
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Water Views

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Double Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Dual Closets
  • Walk-In Closet
  • In-Law or Guest Suite
  • 4 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom
  • Spa Bath

Home Security

  • Smart Lights or Controls
  • Smart Thermostat
  • Hurricane or Storm Shutters
  • High Impact Windows

Eco-Friendly Details

  • Water-Smart Landscaping

Pool

  • In Ground Spa
  • Saltwater Pool

Outdoor Features

  • Docks
  • Covered patio or porch
  • Fire Pit

Schools

  • Tropical Elementary School
  • Jefferson Middle School
  • Merritt Island High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 25-37-07-00-00772.0-0000.00

Community Details

Overview

  • No Home Owners Association
  • New Found Harbor Subdivision

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,280

Year Built

Built in 1989 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1989
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Dead End Street
  • Road Surface Type: Asphalt
  • Reso View: Water, Other
  • Water Body Name: Newfound Harbor
  • Reso Association Amenities: Boat Dock
  • Co List Office Mls Id: spc.odsre6
  • Co List Office Phone: 321-421-7550
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: New Found Harbor
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Updated/Remodeled
  • Location Tax and Legal Parcel Number2: 25-37-07-00-00772.0-0000.00
  • Location Tax and Legal Elementary School: Tropical
  • Location Tax and Legal Middle School2: Jefferson
  • Location Tax and Legal High School: Merritt Island
  • Location Tax and Legal Tax Annual Amount: 12279.6
  • Location Tax and Legal Tax Year2: 2023
  • General Property Information Living Area2: 4451.0
  • General Property Information Building Area Total3: 4899.0
  • General Property Information Lot Size Acres: 0.33
  • General Property Information Lot Size Square Feet2: 14375.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: East
  • Appliances Microwave: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Fencing Fenced2: Yes
  • Fencing Wood2: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • General Property Information Community Fee(s) YN: No
  • Flooring Wood: Yes
  • Lot Features Dead End Street: Yes
  • Road Surface Type Asphalt: Yes
  • Utilities Cable Available: Yes
  • Levels Two: Yes
  • Spa Features In Ground2: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Green Water Conservation Water-Smart Landscaping: Yes
  • View Water3: Yes
  • Interior Features Breakfast Nook: Yes
  • Interior Features Guest Suite: Yes
  • Pool Features Salt Water: Yes
  • General Property Information Land Lease YN2: No
  • General Property Information CDD Fee YN: No
  • Smart Home Features Lighting2: Yes
  • Smart Home Features Programmable Thermostat: Yes
  • Property Condition UpdatedRemodeled: Yes
  • General Property Information Stories2: 2
  • General Property Information:Accessory Dwelling Unit YN: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Breakfast Bar, Breakfast Nook, Built-in Features, Ceiling Fan(s), Central Vacuum, Guest Suite, His and Hers Closets, Kitchen Island, Open Floorplan, Pantry, Primary Bathroom - Tub with Shower, Primary Downstairs, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
  • Flooring: Tile, Wood
  • Spa Features: Bath, In Ground
  • Appliances: Dishwasher, Double Oven, Electric Cooktop, Electric Water Heater, Microwave
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Wood Burning
  • Stories: 2
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Built-in Features: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Double Oven: Yes
  • Interior Features:His and Hers Closets: Yes
  • Spa Features:Bath: Yes
  • Fireplace Features:Wood Burning: Yes
  • Interior Features:Central Vacuum: Yes
  • Appliances:Electric Cooktop: Yes

Exterior Features

  • Exterior Features: Dock, Fire Pit, Impact Windows, Storm Shutters
  • Pool Features: Salt Water
  • Roof: Metal
  • Fencing: Fenced, Wood
  • Acres: 0.33
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Construction Type: Fiber Cement, Frame, Wood Siding, Other
  • Direction Faces: East
  • Patio And Porch Features: Covered, Front Porch, Rear Porch
  • Exterior Features:Fire Pit: Yes
  • Exterior Features:Storm Shutters: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Construction Materials:Other15: Yes
  • Construction Materials:Fiber Cement: Yes
  • Waterfront Features:River Front: Yes
  • Exterior Features:Dock: Yes
  • Exterior Features:Impact Windows: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Rear Porch: Yes
  • Patio And Porch Features:Front Porch: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage Door Opener
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available, Water Available
  • Heating: Central, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Other
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes
  • Heating:Heat Pump: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • Association Amenities:Boat Dock: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Current Use: Residential, Single Family
  • Land Lease: No
  • Lot Size Sq Ft: 14375.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2515138
  • Parcel #: 25-37-07-00-00772.0-0000.00

Green Features

  • Green Water Conservation: Water-Smart Landscaping

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12279.6

MLS Schools

  • Elementary School: Tropical
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2024
Closed on
Jun 4, 2024
Sold by
Goodwin Timothy J and Sartin Loretta D
Bought by
Steele Robert
Seller's Agent
Dawn Garrison
Denovo Realty
Buyer's Agent
Julie Steele
Blue Marlin Real Estate
List Price
$1,695,000
Sold Price
$1,640,000
Premium/Discount to List
-$55,000
-3.24%
Views
72
Current Estimated Value
$1,600,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$39,687
Avg. Annual Appreciation
-2.16%

Purchase Details

Listed on
Sep 2, 2020
Closed on
Mar 12, 2021
Sold by
Armstrong Randolph and Armstrong Cheryl
Bought by
Goodwin Timothy J and Sartin Loretta D
Seller's Agent
Jenn Clements
Coastal Life Properties LLC
Buyer's Agent
Sami Bolger
Coastal Life Properties LLC
List Price
$1,190,000
Sold Price
$1,150,000
Premium/Discount to List
-$40,000
-3.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.65%
Original Mortgage
$920,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2013
Sold by
Bankunited Na
Bought by
Armstrong Randolph and Armstrong Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
4.56%

Purchase Details

Closed on
Apr 8, 2013
Sold by
Johnson Tia A and Rhodes Eric
Bought by
Bankunited Na

Purchase Details

Closed on
Sep 16, 2010
Sold by
Island Land Investment Corporation and Gates Gary L
Bought by
Johnson Tia Anne

Purchase Details

Closed on
Jan 22, 2004
Sold by
Gurney Susan M
Bought by
Johnson Tia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,500
Interest Rate
6.25%

Purchase Details

Closed on
Oct 14, 2003
Sold by
Gurney Susan M
Bought by
Gurney Susan M
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
Steele Robert $1,640,000 Supreme Title
Goodwin Timothy J $1,150,000 International T&E Co Llc
Armstrong Randolph $495,000 Attorney
Bankunited Na $301,000 Attorney
Johnson Tia Anne -- Superior Title Insurance Age
Johnson Tia A $514,000 Alliance Title Brevard Llc
Gurney Susan M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Goodwin Timothy J $920,000
Previous Owner Armstrong Randolph $350,000
Previous Owner Armstrong Randolph $380,000
Previous Owner Armstrong Randolph $150,000
Previous Owner Armstrong Randolph $396,000
Previous Owner Johnson Tia A $900,000
Previous Owner Johnson Tia A $300,000
Previous Owner Johnson Tia $60,000
Previous Owner Johnson Tia A $385,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2024 06/04/24 Sold $1,640,000 -3.2% $368 / Sq Ft
05/04/2024 05/04/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $1,695,000 +47.4% $381 / Sq Ft
03/15/2021 03/15/21 Sold $1,150,000 0.0% $259 / Sq Ft
11/29/2020 11/29/20 Pending -- -- --
10/26/2020 10/26/20 Price Changed $1,150,000 -3.4% $259 / Sq Ft
09/02/2020 09/02/20 For Sale $1,190,000 0.0% $268 / Sq Ft
08/24/2020 08/24/20 Pending -- -- --
08/03/2020 08/03/20 Price Changed $1,190,000 -0.8% $268 / Sq Ft
07/09/2020 07/09/20 Price Changed $1,200,000 -4.0% $270 / Sq Ft
05/04/2020 05/04/20 For Sale $1,250,000 +152.5% $281 / Sq Ft
02/07/2014 02/07/14 Sold $495,000 -17.5% $167 / Sq Ft
12/03/2013 12/03/13 Pending -- -- --
05/24/2013 05/24/13 For Sale $599,999 -- $202 / Sq Ft
Source: Space Coast MLS (Space Coast Association 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
2023 $12,280 $975,110 $0 $0
2022 $11,502 $946,710 $0 $0
2021 $9,172 $685,010 $0 $0
2020 $7,121 $522,380 $0 $0
2019 $7,110 $510,640 $0 $0
2018 $7,155 $501,120 $0 $0
2017 $7,273 $490,820 $227,100 $263,720
2016 $7,455 $481,960 $227,100 $254,860
2015 $7,887 $489,440 $208,750 $280,690
2014 $7,387 $412,160 $208,750 $203,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 1011338

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 25-37-07-00-00772.0-0000.00