NOT LISTED FOR SALE

221 Sago Palm Rd Indian River Shores, FL 32963

Estimated Value: $8,381,000 - $10,604,884

5 Acres
$1,898,588 Price per Acre
217,800 Sq Ft Lot

Last Sold August 04, 2015

Last sale price $4,300,000

Est. 121% increase in value since last sale

Current estimated payment $58,993/month

Highlights

  • Golf Course Community
  • Gated with Attendant
  • 5 Acre Lot
  • Beachland Elementary School Rated A-
  • River Front
  • Private Membership Available

About This Lot

As of August 2015

FOR comparables PURPOSES ONLY.

Last Agent to Sell the Property

NON-MLS AGENT

NON MLS Listed on: 01/03/2012

Last Buyer's Agent

David Ashcroft

Cliff Norris Real Estate License #3109609

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $49,058

Lot Details

  • 5 Acre Lot
  • River Front

Utilities

  • Cable TV Available

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 32391300020000000003.0

Community Details

Overview

  • Association fees include security
  • Private Membership Available
  • John's Island Subdivision

Recreation

  • Golf Course Community

Security

  • Gated with Attendant

Property Details

Property Type

Land

Est. Annual Taxes

$49,058

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 5.0
  • Road Surface Type: Paved
  • Subdivision Name: John's Island
  • Directions: HIGHWAY A1A TO JOHN'S ISLAND SOUTH GATE.
  • Attribution Contact: 772-000-0000
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Residential

Exterior Features

  • Lot Features: 3-5 Acres
  • Waterfront Features: River Front
  • Waterfront: Yes

Utilities

  • Security: Gated with Guard
  • Sewer: Connected
  • Utilities: Cable Available, Electricity Available
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Club Membership Available, Curbs, Golf, Storm Drain(s)
  • Association Fee: 2085.0

Fee Information

  • Association Fee Includes: Security

Schools

  • Elementary School: Beachland Elementary
  • High School: Vero Beach High School
  • Middle Or Junior School: Gifford Middle

Lot Info

  • Current Use: Other
  • Lot Size Sq Ft: 60000.0
  • Number Of Lots: 1
  • Parcel #: 32391300020000000003.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 49058.0
  • Tax Block: 0
  • Tax Lot: 3
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2021
Sold by
Patterson Jr William L
Bought by
Patterson William L and Patterson Ellen M
Current Estimated Value
$9,492,942

Purchase Details

Listed on
Jan 3, 2012
Closed on
Aug 4, 2015
Sold by
Bw Palm Road Inc
Bought by
Patterson William L and Patterson Ellen M
Seller's Agent
NON-MLS AGENT
NON MLS
Buyer's Agent
David Ashcroft
Cliff Norris Real Estate
List Price
$4,900,000
Sold Price
$4,300,000
Premium/Discount to List
-$600,000
-12.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.04%

Purchase Details

Closed on
Apr 30, 2003
Sold by
Gem Island Inv Ltd Ptnr
Bought by
B W Palm Rd Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,300,000
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 7, 2003
Sold by
Horses Head Ltd
Bought by
B W Palm Rd Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,300,000
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage
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
Patterson William L -- Macdonald Illig Jones & Britto
Patterson William L $6,480,000 Macdonald Illig Jones & Britto
Patterson William L $4,300,000 Attorney
B W Palm Rd Inc -- --
B W Palm Rd Inc $4,300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner B W Palm Rd Inc $3,300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2015 08/04/15 Sold $4,300,000 -12.2% --
07/05/2015 07/05/15 Pending -- -- --
01/03/2012 01/03/12 For Sale $4,900,000 -- --
Source: REALTORS® Association of Indian River County

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 $111,663 $10,096,065 -- --
2023 $111,663 $9,525,757 $0 $0
2022 $109,369 $9,248,308 $5,319,290 $3,929,018
2021 $91,801 $7,411,962 $4,501,577 $2,910,385
2020 $91,146 $7,228,653 $4,501,577 $2,727,076
2019 $63,983 $4,910,434 $4,910,434 $0
2018 $62,285 $4,910,434 $4,910,434 $0
2017 $55,550 $4,092,720 $0 $0
2016 $52,382 $3,683,860 $0 $0
2015 $51,905 $3,479,430 $0 $0
2014 $49,058 $3,274,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2015

    NON-MLS AGENT

    NON MLS

  • D

    Buyer's Agent in 2015

    David Ashcroft

    Cliff Norris Real Estate

    (888) 492-1002

    12 Total Sales

    David Ashcroft
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 162311

APN: 32-39-13-00020-0000-00003.0

Florida Indian River County Indian River Shores 32963

221 Sago Palm Rd, Indian River Shores, FL

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