NOT LISTED FOR SALE

2555 Cay Cove Matlacha, FL 33993

Estimated Value: $404,000 - $557,000

2 Beds
2 Baths
1,419 Sq Ft
$331/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $460,000 $324 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,105/month

11 Days on Market

Highlights

  • 49 Feet of Salt Water Canal Waterfront
  • Boat Ramp
  • Dock made with wood
  • Cape Coral High School Rated A-
  • Water access To Gulf or Ocean
  • Boat Lift

About This Home

As of April 2023

HUGE PRICE IMPROVEMENT! This 2/2 cottage with BREATHTAKING VIEWS is perfectly located for those seeking a retirement or vacation home, and presents ample opportunities for personalization. Matlacha is a picturesque, small island community that although stricken by Hurricane Ian is rebounding and rebuilding back to its rich history and vibrant art scene. This home is ready to revive and remediation has been done with drywall being removed up to ~5ft throughout. The deck offers exquisite views of intersecting canals, and the boat dock with a 10,000lb boat lift (added in 2020) is situated on one of the area's deepest canals granting quick and access to Matlacha Pass, Charlotte Harbor, Boca Grande Pass, and onto the Gulf. The area is also home to a variety of fish including redfish, tarpon, and snook making it a prime spot for recreational fishing. Tucked away at the end of a quiet street, you will be within a short distance to the charming and diverse attractions that Matlacha has to offer. Recent upgrades include a complete sewer line replacement in 2019. Being sold as-is, this home offers the ideal framework to come make it yours!

Last Agent to Sell the Property

Bobbi Bevis

RE/MAX HARBOR REALTY License #3240290 Listed on: 04/03/2023

RE/MAX HARBOR REALTY

Co-Listed By

Lyn Bevis

RE/MAX HARBOR REALTY License #306174

Last Buyer's Agent

Bobbi Bevis

RE/MAX HARBOR REALTY License #3240290 Listed on: 04/03/2023

RE/MAX HARBOR REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,480

Year Built

  • Built in 1958

Lot Details

  • 3,441 Sq Ft Lot
  • Lot Dimensions are 50x70
  • 49 Feet of Salt Water Canal Waterfront
  • Property fronts a saltwater canal
  • Northwest Facing Home
  • Property is zoned MH-1

Parking

  • Parking Pad

Home Design

  • Florida Architecture
  • Fixer Upper
  • Slab Foundation
  • Metal Roof
  • Block Exterior

Interior Spaces

  • 1,419 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Family Room
  • Living Room
  • Ceramic Tile Flooring
  • Canal Views
  • Hurricane or Storm Shutters
  • Laundry in unit

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Water access To Gulf or Ocean
  • No Fixed Bridges
  • Access to Saltwater Canal
  • Dock has access to water
  • Seawall
  • Boat Lift
  • Dock made with wood
  • Patio
  • Rear Porch

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • Island Harbors 2Nd Add Subdivision

Recreation

  • Boat Ramp
  • Community Playground
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,480

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Architectural Style: Florida
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1419
  • Lot Size Acres: 0.08
  • New Construction: No
  • Year Built: 1958
  • Building Area Total: 1691
  • Lot Size Sq Ft: 3441
  • Directions to Property: From Burnt Store Road, head southwest on Pine Island Rd.Turn right onto Island Ave. Turn right onto Cay Cove. Home will be on the right
  • Status: Sold
  • Co List Office Mls Id: MFR274500147
  • Co List Office Phone: 941-639-8500
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1045740
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 324.17
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 1
  • Tax Year: 2021
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Walk-In Closet(s)
  • Appliances Included: None
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 2555
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Family Room
  • Living Area Meters: 131.83
  • Room Count: 3

Exterior Features

  • Direction Faces: Northwest
  • Exterior Features: Hurricane Shutters
  • Roof: Metal
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Patio, Rear Porch
  • Road Surface Type: Paved
  • Disclosures: Seller Property Disclosure
  • Water Access: Bay/Harbor,Canal - Saltwater,Gulf/Ocean
  • Water Extras: Bridges - No Fixed Bridges,Dock - Wood,Dock w/Electric,Dock w/Water Supply,Lift,Seawall - Concrete
  • Water Extras YN: 1
  • Water Frontage Feet Canal Salt: 49
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 49

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Parking Pad

Utilities

  • Utilities: Cable Available, Electricity Available, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Boat Ramp, Fishing, Playground, Waterfront
  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: MH-1
  • Parcel Number: 24-44-22-08-00000.0940
  • Additional Parcels: No
  • Lot Features: Paved
  • Lot Dimensions: 50x70
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 320

Green Features

  • Green Verification Count: 0

Rental Info

  • Lease Restrictions YN: 0

Tax Info

  • Tax Annual Amount: 4480.06
  • Tax Block: 0
  • Tax Book Number: 9-107
  • Tax Lot: 94

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2023
Closed on
Apr 28, 2023
Sold by
Christina C Lyle Revocable Trust
Bought by
Gm Monopoly 2 Llc
Seller's Agent
Bobbi Bevis
RE/MAX HARBOR REALTY
Buyer's Agent
Bobbi Bevis
RE/MAX HARBOR REALTY
List Price
$675,000
Sold Price
$460,000
Premium/Discount to List
-$215,000
-31.85%
Views
102
Current Estimated Value
$518,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,438
Avg. Annual Appreciation
5.11%

Purchase Details

Closed on
Jun 7, 2022
Sold by
Lyle Christina C
Bought by
Christina C Lyle Revocable Trust

Purchase Details

Closed on
Feb 16, 2022
Sold by
Zimmerman Jason A
Bought by
Lyle Christina C

Purchase Details

Listed on
Feb 1, 2018
Closed on
Jul 2, 2018
Sold by
Player Guyton Scott and Player Tonya E
Bought by
Zimmerman Jason A and Lyle Christina C
Seller's Agent
Carlyn Herring
Century 21 Sunbelt Realty
Buyer's Agent
Chris Terrasi
List Price
$369,000
Sold Price
$309,000
Premium/Discount to List
-$60,000
-16.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.49%
Original Mortgage
$145,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2015
Sold by
Roach Lynn D and Roach Judy M
Bought by
Player Guyton Scott and Player Tonya E

Purchase Details

Closed on
Jun 14, 2001
Sold by
Roach L Yvonne
Bought by
Roach L Yvonne
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
Gm Monopoly 2 Llc $460,000 None Listed On Document
Christina C Lyle Revocable Trust -- Ables & Craig Pa
Lyle Christina C -- None Listed On Document
Zimmerman Jason A $309,000 Florida Hometown Title & Esc
Player Guyton Scott $165,000 Best Title Solutions Inc
Roach L Yvonne -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zimmerman Jason A $145,000
Previous Owner Roach Yvonne $58,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2023 04/28/23 Sold $460,000 -16.2% $324 / Sq Ft
04/15/2023 04/15/23 Pending -- -- --
04/13/2023 04/13/23 Price Changed $549,000 -18.7% $387 / Sq Ft
04/03/2023 04/03/23 For Sale $675,000 +118.4% $476 / Sq Ft
07/10/2018 07/10/18 Sold $309,000 -16.3% $218 / Sq Ft
06/10/2018 06/10/18 Pending -- -- --
02/01/2018 02/01/18 For Sale $369,000 -- $260 / Sq Ft
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
2024 $2,909 $198,543 $198,533 $10
2023 $2,960 $199,406 $199,396 $10
2022 $5,077 $307,455 $0 $0
2021 $4,480 $272,819 $169,128 $103,691
2020 $4,514 $272,127 $146,490 $125,637
2019 $4,484 $265,669 $152,570 $113,099
2018 $4,385 $265,669 $110,580 $155,089
2017 $4,065 $236,598 $110,580 $126,018
2016 $3,698 $204,984 $130,733 $74,251
2015 $2,845 $158,183 $118,178 $40,005
2014 $3,268 $184,498 $112,501 $71,997
2013 -- $165,407 $111,918 $53,489
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: C7473580

Stellar MLS

APN: 24-44-22-08-00000.0940