NOT LISTED FOR SALE

Estimated Value: $8,781,000

6 Beds
9 Baths
24,510 Sq Ft
$358/Sq Ft Est. Value

Last Sold June 20, 2018

Last sale price $48,800,000 $1,991 Per Sq Ft

Current estimated payment $54,379/month

584 Days on Market

Highlights

  • Forced Air Zoned Heating and Cooling System
  • Lake Park Elementary School Rated A
  • Ceiling Fan

About This Home

As of June 2018

The original owners of this estate chose a Lowcountry style home architecture, one of the most distinctive elements of South Carolina and Georgia developed in the late 1700's. It is still considered today to be the most efficient design for hot subtropical climates and coastal areas. These designs are typically elevated with raised first floors, inviting porches to enjoy the outdoors in the shade, underfloor spaces with lattice for storage/ parking, hipped roofs, columns/pillars, widow's walks, large windows and doors that allow a cooling breeze to flow through. The finest team of craftsmen were assembled to create this breathtaking vision whose true success lies in its welcoming Presidents, huge charity events, casual family gatherings and private contemplation, all with the same grace and charm. An enchanting setting through ornate gates opens to stands of palm trees, verdant lawns and privacy hedges surrounding the main home, multiple guest facilities, pool, pool house, various garages and service buildings, and even your own ‘secret garden'.

Last Agent to Sell the Property

Mike McCumber

Waterfront Realty Group Inc Listed on: 08/30/2016

Last Buyer's Agent

Karen Van Arsdale

Premier Sotheby's Int'l Realty

Premier Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Year Built

  • 1994

Lot Details

  • 5.49

Parking

  • Deeded Parking

Home Design

  • Flat Roof Shape
  • Metal Roof

Interior Spaces

  • 24,510 Sq Ft Home
  • 4-Story Property
  • Ceiling Fan

Utilities

  • Forced Air Zoned Heating and Cooling System

Home Details

Home Type

Single Family

Year Built

1994

Lot Details

0

Parking

9

Listing Details

  • Legal Description: SUNSET BCH REPLAT LOT 4
  • Building Design: Single Family
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 4
  • Year Built: 1994

Interior Features

  • Additional Rooms: Exercise, Family Room, Guest Bath, Guest Room, Home Office, Laundry in Residence, Screened Lanai/Porch, Workshop, Den/Study
  • Bedroom Description: Master BR Sitting Area, Master BR Upstairs
  • Dining Room: Eat-in Kitchen, Formal
  • Elevator: Private
  • Equipment: Auto Garage Door, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Stand-Alone Ice Maker, Microwave, Refrigerator, Refrigerator/Icemaker, Security System, Self Cleaning Oven, Walk-In Cooler, Wall Oven, Washer, Wine Cooler
  • Floor Plan: Split Bedrooms
  • Flooring: Marble, Wood
  • Interior Amenities: Bar, Built-In Cabinets, Cable Prewire, Cathedral Ceiling, Custom Mirrors, Fireplace, Foyer, French Doors, High Speed Available, Laundry Tub, Multiple Phone Lines, Pantry, Tray Ceiling, Vaulted Ceiling, Volume Ceiling, Walk-In Closet, Wet Bar, Window Coverings
  • Kitchen: Island
  • Primary Bathroom: Dual Sinks, Shower Only
  • Room Count: 10
  • Furnished Description: Unfurnished
  • Price Per Sq Ft: 4508.08
  • Total Floors: 4

Exterior Features

  • Construction: Concrete Block, Wood Frame
  • Exterior Features: Gazebo, Outdoor Kitchen, Outdoor Shower, Sprinkler Auto
  • Exterior Finish: Stucco
  • Guest House: 2+ Baths, 2+ Bedrooms, Garage, Kitchen, Living Room, Screened Porch
  • Guest House Sq Ft: 2121
  • Gulf Access: No Bridge(s)
  • Irrigation: Central
  • Private Pool: Below Ground, Concrete, Equipment Stays, Heated Electric
  • Storm Protection: Shutters
  • Windows: Picture, Single Hung
  • Roof: Built-Up Or Flat, Metal

Garage/Parking

  • Garage Description: Detached
  • Garage Spaces: 9

Utilities

  • Security: Monitored Alarm, Gated
  • Sewer: Central
  • Water: Central
  • Cooling: Ceiling Fans, Central Electric, Zoned
  • Heat: Central Electric, Zoned

Condo/Co-op/Association

  • Amenities: Beach Access
  • Restrictions: Architectural, Deeded
  • Sub Condo Name: PORT ROYAL

Association/Amenities

  • Pets: No Approval Needed
  • Development: Port Royal

Schools

  • Elementary School: Lake Park Elementary
  • High School: Naples High School
  • Middle School: Gulfview Middle School

Lot Info

  • Lot Description: Oversize
  • Rear Exposure: West
  • View: Gulf, Water
  • Waterfront: Gulf Frontage, On the Gulf Beach
  • Lot Dimensions: 335 X 765 X 328 X 696
  • Section: 16
  • Total Area: 24510

Tax Info

  • Tax Description: City And County, Homestead

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2016
Closed on
Jun 20, 2018
Sold by
2500 Gordon Drive Llc
Bought by
Coleman Kevin G
Seller's Agent
Mike McCumber
Waterfront Realty Group Inc
Buyer's Agent
Karen Van Arsdale
Premier Sotheby's Int'l Realty
List Price
$69,000,000
Sold Price
$48,800,000
Premium/Discount to List
-$20,200,000
-29.28%
Current Estimated Value
$8,781,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$40,019,000
Avg. Annual Appreciation
-20.20%

Purchase Details

Closed on
Mar 20, 2015
Sold by
Allen Arthur L
Bought by
2500 Gordon Drive Llc

Purchase Details

Closed on
Aug 27, 2014
Sold by
Allen Carole Venus
Bought by
Allen Arthur L

Purchase Details

Closed on
May 25, 2007
Sold by
Collier Miles C and Collier Parker J
Bought by
Allen Arthur L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 16, 2004
Sold by
Collier Miles C
Bought by
Collier Miles C

Purchase Details

Closed on
Jul 20, 2004
Sold by
Collier Miles C and Collier Parker J
Bought by
Collier Miles C

Purchase Details

Closed on
Jun 20, 2000
Sold by
Gordon Drive Ltd
Bought by
Collier Miles C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Coleman Kevin G $48,800,000 Attorney
2500 Gordon Drive Llc $45,600,000 Attorney
Allen Arthur L -- Attorney
Allen Arthur L $40,000,000 Attorney
Collier Miles C -- Attorney
Collier Miles C -- --
Collier Miles C $3,988,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Allen Arthur L $30,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2018 06/20/18 Sold $48,800,000 -19.9% $1,991 / Sq Ft
04/06/2018 04/06/18 Pending -- -- --
10/05/2016 10/05/16 Price Changed $60,900,000 +1.7% $2,485 / Sq Ft
10/04/2016 10/04/16 Price Changed $59,900,000 -13.2% $2,444 / Sq Ft
08/30/2016 08/30/16 For Sale $69,000,000 -- $2,815 / Sq Ft
Source: Naples Area Board 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 $1,045,719 $115,865,191 $55,527,864 $60,337,327
2024 $500,981 $114,717,485 $55,527,864 $59,189,621
2023 $500,981 $52,936,578 $0 $0
2022 $471,920 $48,124,162 $48,124,162 $0
2021 $448,929 $43,749,247 $43,749,247 $0
2020 $444,120 $43,749,247 $43,749,247 $0
2019 $431,738 $42,066,588 $42,066,588 $0
2018 $470,599 $45,937,604 $40,383,928 $5,553,676
2017 $472,970 $45,903,845 $40,383,928 $5,519,917
2016 $477,958 $46,196,907 $0 $0
2015 $292,572 $27,543,284 $0 $0
2014 $282,578 $26,240,115 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 216026725

Naples Area Board of REALTORS®

APN: 20010160004