NOT LISTED FOR SALE

255 Sykes Point Ln Merritt Island, FL 32953

Estimated Value: $1,488,000 - $1,514,929

4 Beds
5 Baths
4,232 Sq Ft
$355/Sq Ft Est. Value

Last Sold April 30, 2019

Last sale price $935,000 $221 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $9,563/month

151 Days on Market

Highlights

  • Boat Dock
  • Boat Lift
  • Home fronts a creek
  • Lewis Carroll Elementary School Rated A-
  • Heated In Ground Pool
  • Canal View

About This Home

As of April 2019

On the tranquil Sykes Cove, just off the Indian River Lagoon is this stunning resort-inspired tropical paradise that is like no other. Featuring multi-level decks & lush foliage enclosing a spa & a wading pool both w/ waterfalls that cascade into a salt wtr pool adorned w/ stones that mimic a natural spring. A huge balcony, Tiki bar, cabana, boat dock w/ lift & lots of room for entertaining. Custom residence w/ old world charm & top of the line finishes, including tile floors, soaring ceilings, Coquina fireplace, wine cellar, bar, stylish baths, French doors, exquisite study, big bonus rm, lge bdrms all overlooking the glistening wtr beyond. The kitchen is lovely w/ granite counters, ss appliances, island w/ gas cooktop, prep sink & pantry. Equipped w/ elec storm shutters & generator.

Last Agent to Sell the Property

DeWayne Carpenter

Dale Sorensen Real Estate Inc. Listed on: 10/24/2018

Co-Listed By

Gina Garry

Dale Sorensen Real Estate Inc.

Last Buyer's Agent

Emily Garry

Compass Florida, LLC License #3335218

Compass Florida, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,735

Year Built

  • Built in 1991

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 110x163x110
  • Home fronts a creek
  • Cul-De-Sac
  • Northwest Facing Home

HOA Fees

  • $31 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Property Views

  • Canal
  • Pool

Home Design

  • Frame Construction
  • Tile Roof
  • Wood Siding
  • Asphalt
  • Stucco

Interior Spaces

  • 4,232 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Great Room
  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Library
  • Loft
  • Bonus Room

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Dual Closets
  • Walk-In Closet
  • Separate Shower in Primary Bathroom
  • Spa Bath

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Hurricane or Storm Shutters

Pool

  • Heated In Ground Pool
  • In Ground Spa
  • Saltwater Pool
  • Waterfall Pool Feature
  • Outdoor Shower

Outdoor Features

  • Boat Lift
  • Balcony
  • Deck
  • Patio

Schools

  • Carroll Elementary School
  • Jefferson Middle School
  • Merritt Island High School

Utilities

  • Central Heating and Cooling System
  • Whole House Permanent Generator
  • Propane
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 24-36-14-Oi-00000.0-0014.00

Community Details

Overview

  • Renae Foster Rfoster.Tcbgmail.Com Association, Phone Number (888) 542-1555
  • Villa De Palmas Sykes Cove Sec 02 Subdivision
  • Maintained Community

Recreation

  • Boat Dock
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,735

Year Built

Built in 1991

Lot Details

0

HOA Fees

$31 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 1991
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Cul-De-Sac
  • Road Surface Type: Asphalt
  • Reso View: Canal, Pool, Water
  • Water Body Name: Sykes Creek
  • ResoSecurityFeatures: Security System Owned
  • Reso Association Amenities: Boat Dock, Maintenance Grounds, Management - Off Site, Tennis Court(s)
  • Co List Office Mls Id: DSRE0
  • Co List Office Phone: 321-723-9990
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Villa De Palmas Sykes Cove Sec 02
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Financial Info Electric: Whole House Generator
  • Location Tax and Legal Parcel Number2: 24-36-14-Oi-00000.0-0014.00
  • Location Tax and Legal Elementary School: Carroll
  • Location Tax and Legal Middle School2: Jefferson
  • Location Tax and Legal High School: Merritt Island
  • Location Tax and Legal Tax Annual Amount: 7735.38
  • Location Tax and Legal Tax Year2: 2017
  • General Property Information Living Area2: 4232.0
  • General Property Information Building Area Total3: 5126.0
  • General Property Information Lot Size Acres: 0.28
  • General Property Information Lot Size Square Feet2: 12197.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: Northwest
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Pool Features In Ground: Yes
  • Pool Features Private: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Road Surface Type Asphalt: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Electricity Connected: Yes
  • View Pool: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • Roof:Tile2: Yes
  • Spa Features In Ground2: Yes
  • General Property Information Carport YN2: No
  • View Water3: Yes
  • Room Types Dining Room: Yes
  • Room Types Great Room: Yes
  • Interior Features Breakfast Nook: Yes
  • Security Features Security System Owned: Yes
  • Waterfront Features Waterfront Community: Yes
  • Room Types Family Room: Yes
  • Room Types Laundry: Yes
  • Room Types Library: Yes
  • Room Types Living Room: Yes
  • Room Types Office: Yes
  • General Property Information Association Phone: 888-542-1555
  • Electric Whole House Generator: Yes
  • Pool Features Electric Heat: Yes
  • Pool Features Waterfall: Yes
  • General Property Information Lot Size Dimensions: 110X163X110
  • Pool Features Salt Water: Yes
  • Utilities Propane3: Yes
  • Exterior Features Boat Lift: Yes
  • Room Types Bonus Room: Yes
  • Room Types Loft: Yes
  • ViewCanal: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Bar, Breakfast Nook, Ceiling Fan(s), Central Vacuum, His and Hers Closets, Kitchen Island, Pantry, Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Primary Downstairs, Vaulted Ceiling(s), Walk-In Closet(s)
  • Flooring: Carpet, Tile
  • Spa Features: Bath, In Ground
  • Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning, Other
  • ResoLivingAreaSource: Other
  • General Property Information Bathrooms Half: 2
  • Appliances Dishwasher: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:His and Hers Closets: Yes
  • Spa Features:Bath: Yes
  • Fireplace Features:Wood Burning: Yes
  • Appliances:Gas Water Heater: Yes
  • Interior Features:Central Vacuum: Yes

Exterior Features

  • Exterior Features: Balcony, Outdoor Shower, Boat Lift, Storm Shutters
  • Pool Features: Electric Heat, In Ground, Private, Salt Water, Waterfall
  • Roof: Tile
  • Acres: 0.28
  • Waterfront Features: Creek, Waterfront Community
  • Waterfront: Yes
  • Construction Type: Frame, Stucco, Wood Siding
  • Direction Faces: Northwest
  • Patio And Porch Features: Deck, Patio
  • Construction Materials:Stucco: Yes
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Exterior Features:Storm Shutters: Yes
  • Lot Features:Cul-De-Sac: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Outdoor Shower: Yes
  • Waterfront Features:Creek: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Attached, Garage Door Opener
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 3.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Electricity Connected, Propane
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 375.0
  • Association Fee Frequency: Annually
  • Association Name: Renae Foster rfoster.tcbgmail.com
  • Phone: 888-542-1555
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: Renae Foster rfoster.tcbgmail.com
  • General Property Information:Association Fee: 375.0
  • General Property Information:Association Fee Frequency: Annually
  • Association Amenities:Boat Dock: Yes
  • Association Amenities:Tennis Court(s)2: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Dimensions: 110X163X110
  • Lot Size Sq Ft: 12197.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2412002
  • Parcel #: 24-36-14-Oi-00000.0-0014.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 7735.38

MLS Schools

  • Elementary School: Carroll
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2018
Closed on
Apr 30, 2019
Sold by
Stuart David F and Stuart Cornelia K
Bought by
Boileau Steven I and Boileau Gina M
Seller's Agent
DeWayne Carpenter
Dale Sorensen Real Estate Inc.
Buyer's Agent
Emily Garry
Compass Florida, LLC
List Price
$1,075,000
Sold Price
$935,000
Premium/Discount to List
-$140,000
-13.02%
Current Estimated Value
$1,570,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$635,242
Avg. Annual Appreciation
8.31%
Original Mortgage
$748,000
Outstanding Balance
$665,596
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$879,210

Purchase Details

Closed on
Mar 15, 2016
Sold by
Schofield Jodi Marie and Schofield Mark
Bought by
Stuart David F and Stuart Cornelia K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
3.72%

Purchase Details

Closed on
May 28, 2010
Sold by
Gralla Maurice B and Gralla Dale S
Bought by
Stuart Cornelia K and Stuart David F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.02%

Purchase Details

Closed on
Mar 28, 2003
Sold by
Platt Miller Roxanna and Miller Andy
Bought by
Gralla Maurice B and Gralla Dale S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Interest Rate
5.82%

Purchase Details

Closed on
Mar 13, 2003
Sold by
Miller Nathan Allen and Miller Nathan A
Bought by
Gralla Maurice B and Gralla Dale S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Interest Rate
5.82%

Purchase Details

Closed on
Mar 4, 2002
Sold by
Meier Laura
Bought by
Roxanna Miller Andy and Roxanna Plattmiller

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.86%

Purchase Details

Closed on
Oct 24, 1997
Sold by
Michalak Helen
Bought by
Helen Michalak Rev Tr

Purchase Details

Closed on
May 23, 1996
Sold by
Michalak Helen
Bought by
Michalak Jerome M

Purchase Details

Closed on
Apr 10, 1996
Sold by
Michalak Jerome M
Bought by
Michalak Helen
Source: Public Records

Range of Values:

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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
Boileau Steven I $935,000 Attorney
Stuart David F $440,000 Island Title & Escrow Agency
Stuart Cornelia K $760,000 Countywide Title & Escrow Co
Gralla Maurice B $695,000 --
Gralla Maurice B -- --
Gralla Maurice B -- --
Roxanna Miller Andy $670,000 --
Helen Michalak Rev Tr -- --
Michalak Jerome M $127,300 --
Michalak Helen $250,000 --
Michalak Helen $2,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boileau Steven I $748,000
Previous Owner Stuart David F $215,000
Previous Owner Stuart David F $415,000
Previous Owner Stuart Cornelia K $417,000
Previous Owner Gralla Dale S $250,000
Previous Owner Gralla Maurice B $322,500
Previous Owner Roxanna Miller Andy $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2019 04/30/19 Sold $935,000 -11.0% $221 / Sq Ft
03/24/2019 03/24/19 Pending -- -- --
03/12/2019 03/12/19 Price Changed $1,050,000 -2.3% $248 / Sq Ft
10/24/2018 10/24/18 For Sale $1,075,000 -- $254 / Sq Ft
Source: Space Coast MLS (Space Coast Association 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
2023 $11,212 $888,790 $0 $0
2022 $10,501 $862,910 $0 $0
2021 $11,146 $837,780 $258,500 $579,280
2020 $11,249 $793,300 $220,000 $573,300
2019 $7,556 $543,930 $0 $0
2018 $7,606 $533,790 $0 $0
2017 $7,735 $522,820 $0 $0
2016 $7,911 $512,070 $225,500 $286,570
2015 $8,187 $508,520 $198,000 $310,520
2014 $8,262 $504,490 $198,000 $306,490
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 827882

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-36-14-OI-00000.0-0014.00