NOT LISTED FOR SALE

2261 SW Racquet Club Dr Palm City, FL 34990

Estimated Value: $1,528,172

9.96 Acres
$153,431 Price per Acre
433,858 Sq Ft Lot

Last Sold May 16, 2018

Last sale price $300,000 $48 Per Sq Ft

Est. 409% increase in value since last sale

Current estimated payment $9,527/month

707 Days on Market

About This Lot

As of May 2018

Opportunity to own the premier tennis & swim facility location on the Treasure Coast. Ideally located for a first class resort-style tennis and swim club in Martin County inside a private, gated community just 30 minutes from Palm Beach International airport. All obsolete buildings have been demolished and cleared leaving 12 tennis courts (11 Har Tru and 1 hard court) and 2 swimming pools remain as the foundation for this tremendous opportunity for the person with the right vision and passion to build the facility this area of Florida needs. All previous schematics and engineering reports are available to potential buyers and the contractor who was working on the site is available to meet. The project was just days from going to permitting.

Last Agent to Sell the Property

Andy Spears

RE/MAX of Stuart - Palm City License #3052925 Listed on: 05/09/2016

RE/MAX of Stuart - Palm City

Property Details

Property Type

  • Land

Lot Details

Home Design

  • 6,229 Sq Ft Home

Pool

  • Private Pool

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Business Type: Recreation
  • Lot Size: 9.96 acres
  • Property Sub Type: Commercial
  • Property Sub Type Additional: Commercial,Unimproved Land
  • Prop. Type: Land
  • Subdivision Name: CRANE CREEK RACQUET CLUB ALL PH
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Living Area: 6229.0

Exterior Features

  • Pool Private: Yes
  • Waterfront: No

Lot Info

  • Zoning Description: PUD-R
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 7662.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2015
Sold by
Martin Down Sports Resort Llc
Bought by
Cre Properties Inc
Current Estimated Value
$1,528,172

Purchase Details

Closed on
Jun 25, 2015
Sold by
Martin Downs Sports Resort Llc
Bought by
Martin Downs Sports Facility Llc

Purchase Details

Closed on
Mar 31, 2008
Sold by
Polo North Country Club Inc
Bought by
Martin Downs Sports Resort Llc

Purchase Details

Closed on
Dec 28, 2007
Sold by
The Martin Downs Country Club Inc
Bought by
Polo North Country Club Inc
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
Cre Properties Inc -- None Available
Martin Downs Sports Facility Llc $100 --
Martin Downs Sports Resort Llc $800,000 Attorney
Polo North Country Club Inc $4,750,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2018 05/16/18 Sold $300,000 -60.0% $48 / Sq Ft
04/16/2018 04/16/18 Pending -- -- --
05/09/2016 05/09/16 For Sale $750,000 -- $120 / Sq Ft
Source: Martin County REALTORS® of the Treasure Coast

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 -- $960,240 $279,710 $680,530
2024 -- $914,230 $914,230 $669,730
2023 -- $939,160 $244,500 $694,660
2022 $0 $867,999 $0 $0
2021 $0 $789,090 $234,020 $555,070
2020 $0 $743,870 $144,170 $599,700
2019 $0 $286,150 $135,210 $150,940
2018 $4,040 $229,930 $78,530 $151,400
2017 $6,564 $388,700 $40,840 $347,860
2016 $8,690 $511,180 $40,840 $470,340
2015 $7,296 $444,390 $40,840 $403,550
2014 $7,296 $444,460 $40,840 $403,620
Source: Public Records

Agents Affiliated with this Home

  • Andy Spears

    Seller's Agent in 2018

    Andy Spears

    RE/MAX

    (772) 263-2515

    60 in this area

    94 Total Sales

    Andy Spears
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Map

Source: Martin County REALTORS® of the Treasure Coast

MLS Number: M388140

Martin County REALTORS® of the Treasure Coast

APN: 12-38-40-021-000-00002-4

Florida Martin County Palm City 34990

2261 SW Racquet Club Dr, Palm City, FL

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Listing broker has attempted to offer accurate data, but buyers are advised to confirm all information.

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