NOT LISTED FOR SALE

Estimated Value: $914,716 - $1,313,000

0.23 Acre
$4,688,822 Price per Acre
10,000 Sq Ft Lot

Last Sold April 04, 2018

Last sale price $130,000

Est. 730% increase in value since last sale

Current estimated payment $6,852/month

156 Days on Market

Highlights

  • 80 Feet of Waterfront
  • Canal View
  • Level Lot
  • Sailboat Water Access
  • No HOA
  • Heating Available

About This Lot

As of April 2018

Conforming Buildable Salt Water Sailboat Canal parcel with quick access to ICW and the Gulf. No Bridges! This land is exceptional because the location offers Western Exposure and a short walk to the seven mile beach, great fishing, and the total safety of living on a barrier island serviced by car ferry 365 making Palm Island the "Ultimate Gated Community". The construction of a two story home will provide the owners with sunset views of the Gulf across the natural island landscape. The Palm Island Canal is also unique because it is the most highly protected area for boats during tropical storms and the occasional hurricane. When a buyer considers the alternatives, there is no other waterfront location from Tampa to Naples that offers the investment values of 23 Palm Drive. There are several reliable construction companies on the island from which to choose, or build yourself with the help of local island labor. Either method will produce the exact home of your dreams.

Last Agent to Sell the Property

Robert Jensen

KW COASTAL LIVING License #0614630 Listed on: 10/09/2017

KW COASTAL LIVING

Last Buyer's Agent

Jeremy Jones

TALL PINES REALTY License #3186366

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,236

Lot Details

  • 10,000 Sq Ft Lot
  • Lot Dimensions are 80x125
  • 80 Feet of Waterfront
  • Property fronts a saltwater canal
  • East Facing Home
  • Level Lot
  • Property is zoned BBI

Property Views

  • Canal Views

Utilities

  • Underground Utilities
  • Septic Needed
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 3 / I
  • Assessor Parcel Number 412028353006

Community Details

Overview

  • No Home Owners Association
  • Palm Island Estates Community
  • Palm Island Estates Subdivision

Recreation

  • Sailboat Water Access
  • Access to Saltwater Canal

Property Details

Property Type

Land

Est. Annual Taxes

$2,236

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10000
  • Directions to Property: Panama Blvd to car ferry. Take car ferry to Palm Island (fee is $55). Off ferry, go straight about 1/3 mile to Palm Drive on right. Look for tall sign on lot.
  • Status: Sold
  • Total Acreage: 0 to less than 1/4
  • Home Warranty Y N: No
  • Ratio: Close Price\List Price: 0.93525
  • Price per Sq Ft: 13
  • Close to Original List Price Ratio: 0.83871
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2017
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Street Number Modifier: 23

Exterior Features

  • Direction Faces: East
  • View: Water
  • Water Body Name: Palm Canal
  • Waterfront: Yes
  • Water View: Canal
  • Water Access: Canal - Saltwater
  • Water Extras: Sailboat Water
  • Water View Y N: Yes
  • Front Footage: 80
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12015C0352F
  • Road Frontage Ft: 80
  • Waterfront Frontage: 80
  • Additional Water Information: No Bridges to Intracoastal.
  • Water Frontage Feet Canal Salt: 80

Garage/Parking

  • Open Parking: No

Utilities

  • Utilities: Cable Available, Fire Hydrant, Phone Available, Public, Underground Utilities
  • Sewer: Septic Needed
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Association Fee Requirement: None

Lot Info

  • Zoning: BBI
  • Parcel Number: 412028353006
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Features: Level
  • Lot Dimensions: 80x125
  • Millage Rate: 17.67
  • Price Per Acre: 565217
  • Flood Zone Code: VE
  • Flood Zone Date: 2003-05-05
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • For Lease Y N: No

Tax Info

  • Tax Annual Amount: 2236
  • Tax Block: I
  • Tax Book Number: 6-4
  • Tax Lot: 3

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2021
Sold by
Newman Donald J and Newman Rebecca L
Bought by
Newman Trust
Current Estimated Value
$1,078,429

Purchase Details

Listed on
Oct 9, 2017
Closed on
Apr 4, 2018
Sold by
Okeefe Andra
Bought by
Newman Donald J and Newman Rebecca L
Seller's Agent
Robert Jensen
KW COASTAL LIVING
Buyer's Agent
Jeremy Jones
TALL PINES REALTY
List Price
$155,000
Sold Price
$130,000
Premium/Discount to List
-$25,000
-16.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.10%

Purchase Details

Closed on
Mar 1, 1999
Sold by
Diaz Miranda Richard Diaz and Diaz Miranda Judith A
Bought by
Okeefe Andrea
Source: Public Records

Range of Values:

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Average Value
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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
Newman Trust $100 None Listed On Document
Newman Donald J $130,000 Attorney
Okeefe Andrea $55,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Newman Donald J $340,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2018 04/04/18 Sold $130,000 -6.5% --
03/15/2018 03/15/18 Pending -- -- --
02/22/2018 02/22/18 Price Changed $139,000 -4.1% --
11/30/2017 11/30/17 Price Changed $145,000 -6.5% --
10/09/2017 10/09/17 For Sale $155,000 -- --
Source: Stellar MLS

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
2023 $11,856 $472,648 $0 $0
2022 $10,723 $713,609 $203,320 $510,289
2021 $8,463 $398,151 $130,560 $267,591
2020 $2,869 $129,200 $129,200 $0
2019 $2,771 $122,400 $122,400 $0
2018 $2,439 $108,800 $108,800 $0
2017 $2,229 $108,800 $108,800 $0
2016 $2,260 $108,800 $0 $0
2015 $2,230 $105,400 $0 $0
2014 $2,189 $104,584 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: D5920502

Stellar MLS

APN: 412028353006