NOT LISTED FOR SALE

Estimated Value: $7,538,000 - $11,389,574

4 Beds
4.5 Baths
5,573 Sq Ft
$1,683/Sq Ft Est. Value

Last Sold February 15, 2023

Last sale price $13,750,000 $2,467 Per Sq Ft

Est. 32% decrease in value since last sale

Current estimated payment $67,243/month

33 Days on Market

Highlights

  • 300 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 February 2023

TROPHY PROPERTY with 300' of waterfrontage and Southeast exposure. This property is one of VERY FEW properties that has direct Intracoastal frontage and protected waterfrontage for a large yacht. This Transitional style home is located on a quiet cul-de-sac with a park like setting in Prestigious Admirals Cove. Main house features a large luxurious primary suite with dual baths and closets, walk-in shower and spa like tub with panoramic water views, open kitchen to family room, glass and wood bar, cozy living room with fireplace, atrium and much much more! Guest house has bedroom/living room, kitchenette, and private bath, all situated around the private pool and patio.This is the perfect opportunity to have it all!

Last Agent to Sell the Property

Robert Thomson

Waterfront Properties & Club C License #0465514 Listed on: 10/13/2022

Last Buyer's Agent

Robert Thomson

Waterfront Properties & Club C License #0465514 Listed on: 10/13/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $42,162

Year Built

  • Built in 1988

Lot Details

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

HOA Fees

  • $826 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Intracoastal
  • Canal

Interior Spaces

  • 5,573 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Custom Mirrors
  • Built-In Features
  • Bar
  • Vaulted Ceiling
  • Fireplace
  • French Doors
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Den
  • Home Security System

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Built-In Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • Dual Sinks
  • Roman Tub
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Private Pool
  • Property has ocean access
  • No Fixed Bridges
  • Balcony
  • Open Patio
  • Outdoor Grill
  • Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 30434118220000970

Community Details

Overview

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

Amenities

  • Sauna
  • Clubhouse
  • Game Room
  • Community Library

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

$42,162

Year Built

Built in 1988

Lot Details

0

HOA Fees

$826 per month

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Admirals Cove is located off of Alt A1A between Toney Penna Drive and Frederick Small Road
  • Year Built: 1988
  • 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, Dual Sinks, Entrance Foyer, French Door(s)/Atrium Door(s), Fireplace, Garden Tub/Roman Tub, High Ceilings, Custom Mirrors, Separate Shower, Vaulted Ceiling(s), Bar, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Built-In Oven, Dryer, Dishwasher, Disposal, Microwave, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Fireplace: Yes
  • Flooring: Marble, Wood
  • Living Area: 5573.0
  • Dining Room Type: Den, Family Room, Laundry
  • Stories: 2

Exterior Features

  • Exterior Features: Balcony, Outdoor Grill, Porch, Patio
  • View: Canal, Intercoastal
  • Road Frontage Type: Waterfront
  • Pool Features: Pool, Association, Community
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Intracoastal Access, Navigable Water, No Fixed Bridges, Ocean Access
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open, Patio, Porch
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Two or More Spaces, Garage Door Opener

Utilities

  • Security: Security System, Gated with Guard, Security Guard
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • Heating: Central, 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: 826.0
  • Community Features: Boat Facilities, Clubhouse, Golf, Golf Course Community, Game Room, Gated, Pickleball, Pool, Sauna, Street Lights, Tennis Court(s)
  • Senior Community: No
  • Amenities: Clubhouse, Golf Course, Library, 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

Lot Info

  • Parcel #: 30434118220000970
  • Lot Size Sq Ft: 36157.0
  • Zoning Description: R1(cit
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 42162.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2022
Closed on
Feb 15, 2023
Sold by
Scarpa Frank C and Scarpa Janet Gail
Bought by
Winifred M Purdy Revocable Trust and Filomeno
Seller's Agent
Robert Thomson
Waterfront Properties & Club C
Buyer's Agent
Robert Thomson
Waterfront Properties & Club C
List Price
$15,000,000
Sold Price
$13,750,000
Premium/Discount to List
-$1,250,000
-8.33%
Views
38
Current Estimated Value
$9,377,191

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,372,809
Avg. Annual Appreciation
-15.03%

Purchase Details

Closed on
Oct 17, 2022
Sold by
Scarpa Frank C and Scarpa Janet G
Bought by
Scarpa Frank C

Purchase Details

Closed on
Jan 10, 1994
Sold by
Farmer Robert E and Farmer Bonnie L
Bought by
Scarpa Frank C and Scarpa Janet Gail

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,121,250
Interest Rate
7.19%
Source: Public Records

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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
Winifred M Purdy Revocable Trust $13,750,000 First International Title
Scarpa Frank C -- --
Scarpa Frank C $1,725,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Scarpa Frank C $2,000,000
Previous Owner Scarpa Frank S $2,000,000
Previous Owner Scarpa Frank S $400,000
Previous Owner Scarpa Frank C $1,121,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2023 02/15/23 Sold $13,750,000 -8.3% $2,467 / Sq Ft
11/16/2022 11/16/22 Pending -- -- --
10/13/2022 10/13/22 For Sale $15,000,000 -- $2,692 / 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 $199,827 $11,733,389 -- --
2023 $42,163 $2,460,725 $0 $0
2022 $42,325 $2,389,053 $0 $0
2021 $42,162 $2,319,469 $0 $0
2020 $42,235 $2,287,445 $0 $0
2019 $41,816 $2,236,017 $0 $0
2018 $39,859 $2,194,325 $0 $0
2017 $39,882 $2,149,192 $0 $0
2016 $40,084 $2,104,987 $0 $0
2015 $41,116 $2,090,355 $0 $0
2014 $41,728 $2,073,765 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10838399

BeachesMLS

APN: 30-43-41-18-22-000-0970