NOT LISTED FOR SALE

2125 S Palmetto Ave South Daytona, FL 32119

Estimated Value: $1,787,000 - $2,201,000

5 Beds
6 Baths
6,878 Sq Ft
$297/Sq Ft Est. Value

Last Sold July 11, 2023

Last sale price $2,215,000 $322 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $13,475/month

13 Days on Market

Highlights

  • Docks
  • Intracoastal View
  • 0.59 Acre Lot
  • Home fronts a seawall
  • Heated In Ground Pool
  • Deck

About This Home

As of July 2023

Spectacular mansion with breathtaking views of the Intracoastal Waterway! From the time you enter through the automated custom gate you are surrounded with the most exceptional construction features. Oversized front doors lead to a grand entryway with stately columns and into a magnificent living room with 23 ft tall ceilings. Grandiose floor to ceiling windows provide unrivaled stunning water views no other property can match. This impressive 5 bedroom/ 6 bathroom waterfront mansion offers nearly 10,000 sq. ft. of unparalleled luxury: from soaring palatial ceilings and a gorgeous spiral staircase to an elegant fireplace and a 500-bottle walk-in wine cellar. Lavish primary bedroom on the ground floor features stunning views and a spa-like bathroom with a voluminous jacuzzi and a steam shower. The vast second floor has three bedrooms as well as a spacious family room with fantastic water views, this level features handsome hardwood floors throughout. One of the generous waterfront balconies serves as a sun deck and provides ample private space. Voluminous open kitchen boasts custom cabinetry, opulent granite countertops, and premium culinary appliances. Resort-like heated salt water infinity pool and a sprawling patio with a summer kitchen allow for the best in outdoor entertainment. Deep water dock is ready to accommodate the largest of yachts. This magnificent residence will give the owner a piece of mind with a state-of-the-art security system, a number of surveillance cameras, and a home automation network. Square footage received from tax rolls. All information recorded in the MLS intended to be accurate but cannot be guaranteed.

Last Agent to Sell the Property

Julia Lomonosov

RE/MAX Signature Listed on: 05/26/2023

RE/MAX Signature

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,000

Year Built

  • Built in 2011

Lot Details

  • 0.59 Acre Lot
  • Lot Dimensions are 100x255
  • Home fronts a seawall
  • Property fronts an intracoastal waterway
  • River Front
  • East Facing Home
  • Fenced

Parking

  • 3 Car Attached Garage

Property Views

  • Intracoastal
  • River

Home Design

  • Traditional Architecture
  • Tile Roof
  • Concrete Block And Stucco Construction
  • Block And Beam Construction

Interior Spaces

  • 6,878 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Ceiling Fan
  • Fireplace
  • Family Room
  • Dining Room
  • Bonus Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Spa Bath

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • In Ground Spa
  • Saltwater Pool
  • Above Ground Spa

Outdoor Features

  • Seawall
  • Assumable Lease
  • Docks
  • Balcony
  • Deck
  • Patio
  • Porch

Additional Features

  • Smart Irrigation
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Blake Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 534416000231

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,000

Year Built

Built in 2011

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.59
  • Lot Size: 100x255
  • Road Surface Type: Paved
  • Subdivision Name: Blake
  • Directions: East on Big Tree Rd from US1, turn right on Palmetto Ave. Head South. The property will be on your left.
  • Architectural Style: Traditional, Other
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Year Built: 2011
  • Reso Property Type: Residential
  • Reso Room Type: DiningRoom
  • Reso Room Type: BonusRoom
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Roof:Tile2: Yes
  • Sewer:Public Sewer: Yes
  • General Property Information Lot Size Acres: 0.59
  • General Property Information Lot Size Dimensions: 100x255
  • General Property Information Direction Faces: East
  • General Property Information Homestead YN: Yes
  • Contract Information Property Attached YN: No
  • Location Tax and Legal:Parcel Number: 534416000231
  • Location Tax and Legal:Tax Annual Amount: 32000.0
  • Location Tax and Legal:Tax Year: 2022
  • Cooling:Central Air: Yes
  • Pool Features In Ground2: Yes
  • Road Surface Type:Paved: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal Zoning Description: Single Family
  • Architectural Style Traditional: Yes
  • Pets Allowed:Yes: Yes
  • View:River: Yes
  • Fencing Fenced: Yes
  • Flooring Wood: Yes
  • Levels:Two: Yes
  • Smart Home Features Irrigation: Yes
  • Pets Allowed Cats OK: Yes
  • Pets Allowed Dogs OK: Yes
  • Room Types Dining Room: Yes
  • Pool Features Heated2: Yes
  • Pool Features:Private: Yes
  • Spa Features Above Ground: Yes
  • Spa Features In Ground: Yes
  • View Intracoastal: Yes
  • Waterfront Features Intracoastal2: Yes
  • Room Types Family Room: Yes
  • Pool Features Salt Water: Yes
  • Listing Terms Assumable: Yes
  • Room Types Bonus Room: Yes
  • Flooring:Stone2: Yes
  • Special Features: None

Interior Features

  • Spa Features: Above Ground, Bath, In Ground
  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Disposal, Dishwasher
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Other
  • Fireplace: Yes
  • Flooring: Stone, Wood
  • Interior Amenities: Ceiling Fan(s), Split Bedrooms, Wet Bar
  • Living Area: 6878.0
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Ceiling Fans: Yes
  • Spa Features:Bath: Yes
  • Interior Features:Wet Bar: Yes

Exterior Features

  • Fencing: Fenced
  • Pool Features: Private, In Ground, Heated, Salt Water
  • View: Intracoastal, River
  • Waterfront Features: Intracoastal, River Front, Seawall
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: East
  • Exterior Features: Balcony, Dock
  • Patio And Porch Features: Deck, Patio, Porch
  • Roof: Tile
  • Construction Materials:Block: Yes
  • Construction Materials:Concrete: Yes
  • Construction Materials:Stucco: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Exterior Features:Balcony: Yes
  • Patio And Porch Features:Deck: Yes
  • Exterior Features:Dock: Yes
  • Waterfront Features:Seawall: Yes
  • Waterfront Features:River Front: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Attached
  • Parking Features:Attached: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Cats OK, Dogs OK, Yes

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Size Sq Ft: 25700.4
  • Parcel #: 534416000231
  • Zoning Description: Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 32000.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2023
Closed on
Jul 10, 2023
Sold by
Sheehan Kathleen
Bought by
Rai Neeraj and Devi Ranjana
Seller's Agent
Julia Lomonosov
RE/MAX Signature
Buyer's Agent
Julia Lomonosov
RE/MAX Signature
List Price
$2,215,000
Sold Price
$2,215,000
Current Estimated Value
$2,042,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$172,737
Avg. Annual Appreciation
-3.10%
Original Mortgage
$1,661,250
Interest Rate
6.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2008
Sold by
Khanna Rohit
Bought by
Khanna Rohit and Khanna Shambhu

Purchase Details

Closed on
Mar 14, 2008
Sold by
Holcombe Albert B and Holcombe Marian S
Bought by
Khanna Rohit

Purchase Details

Closed on
Jul 31, 2000
Sold by
Floyd Robert L and Floyd Louise
Bought by
Holcombe Albert B and Holcombe Marian S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2000
Sold by
Floyd Charles L
Bought by
Holcombe Albert B and Holcombe Marian S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 1992
Bought by
Khanna Rohit

Purchase Details

Closed on
Apr 15, 1967
Bought by
Khanna Rohit
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
Rai Neeraj $2,215,000 Integrity Title & Trust
Khanna Rohit -- Shore To Shore Title Inc
Khanna Rohit $625,000 Shore To Shore Title Inc
Holcombe Albert B $125,000 --
Holcombe Albert B $125,000 --
Khanna Rohit $100 --
Khanna Rohit $10,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rai Neeraj $6,453,900
Closed Rai Neeraj $1,661,250
Previous Owner Holcombe Albert B $93,750
Previous Owner Holcombe Albert B $100,000
Previous Owner Holcombe Albert B $200,000
Previous Owner Holcombe Albert B $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2023 07/11/23 Sold $2,215,000 0.0% $322 / Sq Ft
06/08/2023 06/08/23 Pending -- -- --
05/26/2023 05/26/23 For Sale $2,215,000 +10.8% $322 / Sq Ft
12/09/2021 12/09/21 Sold $1,999,999 0.0% $289 / Sq Ft
11/04/2021 11/04/21 Pending -- -- --
07/19/2021 07/19/21 For Sale $1,999,999 -- $289 / Sq Ft
Source: Daytona Beach Area 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
2025 $28,424 $1,634,215 $432,000 $1,202,215
2024 $28,424 $1,627,058 $432,000 $1,195,058
2023 $28,424 $1,459,299 $432,000 $1,027,299
2022 $31,395 $1,590,584 $372,000 $1,218,584
2021 $22,941 $1,143,876 $0 $0
2019 $22,843 $1,141,348 $318,150 $823,198
2018 $26,563 $1,229,683 $318,150 $911,533
2017 $20,575 $963,901 $0 $0
2016 $20,252 $936,288 $0 $0
2015 $19,199 $861,448 $0 $0
2014 $18,257 $814,588 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Daytona Beach Area Association of REALTORS®

MLS Number: 1109757

Daytona Beach Area Association of REALTORS®

APN: 5344-16-00-0231