NOT LISTED FOR SALE

Estimated Value: $562,000 - $1,175,000

2 Beds
2 Baths
1,598 Sq Ft
$596/Sq Ft Est. Value

Last Sold September 11, 2020

Last sale price $535,000 $335 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $6,175/month

32 Days on Market

Highlights

  • 80 Feet of Waterfront
  • Water access To Gulf or Ocean
  • Boat Slip Deeded
  • White Water Ocean Views
  • Dock made with wood
  • Open Floorplan

About This Home

As of September 2020

Don't miss your chance to own a piece of paradise! This tastefully updated 2 bedroom, 2 bathroom waterfront home boasts tons of entertaining options. The property, located on beautiful and exclusive Palm Island, includes 80 feet of frontage on the 400 foot wide tranquil Kettle Harbor. Fish off your dock, watch manatees and dolphins or simply enjoy a quiet cup of coffee. Or leave the dock behind, and take your boat around the corner to the intracoastal waterway, then to the gulf and beyond. In addition to the dock, you can enjoy or entertain on the outside deck, the screened in porch or the Tiki bar under the house. There is room for a pool, see attached plan. Inside you will find a surprisingly large and open great room, a master bedroom with ensuite bathroom and 2 large closets. There is a good sized 2nd bedroom with large closet. There are also 2 built in bunk beds in the circular cupola at the center of the house. One of the bunk beds is easily converted to a built in desk for a great office space. The many updates include a new roof in 2019, new water heater in 2018, new stainless appliances including a thermidor dishwasher in 2017. The very quiet beach is a few minute walk away and even closer by golf cart. Don't miss out.

Last Agent to Sell the Property

Christopher Wheat

License #3451649 Listed on: 06/29/2020

Last Buyer's Agent

Kevin Mackin

MICHAEL SAUNDERS & COMPANY License #683818

MICHAEL SAUNDERS & COMPANY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,100

Year Built

  • Built in 1995

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 80x135
  • 80 Feet of Waterfront
  • Property Fronts a Bay or Harbor
  • West Facing Home
  • Property is zoned BBI

Home Design

  • Stilt Home
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Pile Dwellings

Interior Spaces

  • 1,598 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • High Ceiling
  • Skylights
  • Sliding Doors
  • Combination Dining and Living Room
  • White Water Ocean Views

Kitchen

  • Convection Oven
  • Cooktop with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Bamboo
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Carport Spaces
  • Parking Garage Space
  • Golf Cart Garage

Outdoor Features

  • Outdoor Shower
  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • No Fixed Bridges
  • Access to Saltwater Canal
  • Boat Slip Deeded
  • Dock made with wood
  • Balcony
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Underground Utilities
  • Septic Tank
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Palm Island Estates Community
  • Palm Island Estates Subdivision
  • The community has rules related to allowable golf cart usage in the community

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,100

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Vinyl Siding, Wood Frame
  • Fireplace: No
  • Living Area: 1598
  • Lot Size Acres: 0.25
  • New Construction: No
  • Year Built: 1995
  • Lot Size Sq Ft: 10800
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/C7430355?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/C7430355?w=Customer
  • Homestead Y N: Yes
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Property Description: Stilt Home
  • Ratio: Close Price\List Price: 0.9745
  • Price per Sq Ft: 334.79
  • Close to Original List Price Ratio: 0.9745
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2019
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Bamboo, Vinyl
  • Full Bathrooms: 2
  • Interior Amenities: High Ceiling(s), Living Room/Dining Room Combo, Open Floorplan, Skylight(s), Solid Wood Cabinets, Thermostat
  • Appliances Included: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Room Count: 7

Exterior Features

  • Direction Faces: West
  • Exterior Features: Balcony, Lighting, Outdoor Shower, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Water View: Bay/Harbor - Full
  • Water Access: Bay/Harbor, Canal - Saltwater, Gulf/Ocean, Intracoastal Waterway
  • Water Extras: Bridges - No Fixed Bridges, Dock - Slip Deeded On-Site, Dock - Wood, Sailboat Water
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 80
  • Water Frontage Feet Bay Harbor: 80
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Covered, Golf Cart Garage, Golf Cart Parking, Under Building
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Underground Utilities, Water Available, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Golf Carts OK
  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Lot Info

  • Zoning: BBI
  • Parcel Number: 412033329003
  • Additional Parcels: No
  • Lot Dimensions: 80x135
  • Flood Zone Code: VE

Rental Info

  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 8099.74
  • Tax Block: E
  • Tax Book Number: 6-4
  • Tax Lot: 120

Multi Family

  • Waterfront Features: Bay/Harbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2020
Closed on
Sep 10, 2020
Sold by
Wheat Christopher A and Wheat Kristi L
Bought by
Farmer Spencer L and Farmer Alicia N
Seller's Agent
Christopher Wheat
Buyer's Agent
Kevin Mackin
MICHAEL SAUNDERS & COMPANY
List Price
$549,000
Sold Price
$535,000
Premium/Discount to List
-$14,000
-2.55%
Current Estimated Value
$951,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$416,648
Avg. Annual Appreciation
11.32%
Original Mortgage
$481,500
Outstanding Balance
$425,354
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$526,294

Purchase Details

Listed on
May 14, 2014
Closed on
May 21, 2015
Sold by
Black Jarrett C and Black Clara H
Bought by
Wheat Christopher A and Wheat Kristi L
Seller's Agent
Kevin Mackin
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Dennis Johnson
COLDWELL BANKER REALTY
List Price
$439,000
Sold Price
$395,000
Premium/Discount to List
-$44,000
-10.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.87%
Original Mortgage
$316,000
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 1994
Sold by
Milla Diane
Bought by
Black Jarrett C and Black Clara H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Farmer Spencer L $535,000 Gold Crest Title Services
Wheat Christopher A $395,000 Msc Title Inc
Black Jarrett C $44,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farmer Spencer L $481,500
Previous Owner Wheat Christopher A $316,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/11/2020 09/11/20 Sold $535,000 -2.6% $335 / Sq Ft
07/30/2020 07/30/20 Pending -- -- --
06/28/2020 06/28/20 For Sale $549,000 +39.0% $344 / Sq Ft
08/17/2018 08/17/18 Off Market $395,000 -- --
05/21/2015 05/21/15 Sold $395,000 -10.0% $247 / Sq Ft View Prior Sale
02/21/2015 02/21/15 Pending -- -- --
05/14/2014 05/14/14 For Sale $439,000 -- $275 / Sq Ft
Source: Stellar MLS

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 $13,502 $698,705 $249,696 $449,009
2023 $13,200 $608,134 $0 $0
2022 $11,928 $696,516 $207,386 $489,130
2021 $9,623 $458,408 $133,171 $325,237
2020 $8,292 $422,792 $0 $0
2019 $8,100 $413,286 $0 $0
2018 $7,644 $405,580 $0 $0
2017 $7,358 $397,238 $0 $0
2016 $7,356 $389,068 $0 $0
2015 $8,327 $385,535 $0 $0
2014 $7,456 $350,486 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: C7430355

Stellar MLS

APN: 412033329003