NOT LISTED FOR SALE

282 Mermaids Bight Unit 1 Naples, FL 34103

Park Shore Neighborhood

Estimated Value: $7,071,033 - $8,229,000

4 Beds
7 Baths
6,535 Sq Ft
$1,150/Sq Ft Est. Value

Last Sold December 06, 2018

Last sale price $5,700,000 $872 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $45,386/month

95 Days on Market

Highlights

  • Boating
  • Home fronts navigable water
  • Boat Lift
  • Sea Gate Elementary School Rated A
  • Deeded Boat Dock
  • Infinity Pool

About This Home

As of December 2018

Enjoy glistening wide water views over Venetian Bay from this custom, estate residence with much sought after southern exposure. The open floor plan, which spills onto the expansive out door entertaining area, provides a perfect venue for homeowners and guests to enjoy the waterfront lifestyle that Naples is known for. The crystal blue waters can be seen from nearly every room in the home. Owners can retreat to the generous master suite and spa-like bath at the end of the day while their guests will enjoy their own private space on the 2nd level, which offers a second bar and balcony overlooking the bay. The outdoor living space includes a full outdoor kitchen, fireplace, vanishing edge pool and covered and open sitting areas. The current owners made significant updates, including, but not limited to, a new roof, climate-controlled garage, new A/C and electric shutters to further enhance this beautiful property.

Last Agent to Sell the Property

Michael Lawler

Douglas Elliman Florida,LLC License #NAPLES-249501908 Listed on: 02/19/2018

Douglas Elliman Florida,LLC

Last Buyer's Agent

Scott Muhlhauser Jr

John R Wood Properties License #NAPLES-249523750

John R Wood Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $49,189

Year Built

  • Built in 2005

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions: 108
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Cul-De-Sac
  • Southwest Facing Home

Parking

  • 3 Car Attached Garage
  • Automatic Garage Door Opener
  • Circular Driveway
  • Deeded Parking

Home Design

  • Concrete Block With Brick
  • Wood Frame Construction
  • Stucco
  • Tile

Interior Spaces

  • 6,535 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Central Vacuum
  • Tray Ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace
  • Electric Shutters
  • Sliding Windows
  • French Doors
  • Formal Dining Room
  • Den
  • Bay Views

Kitchen

  • Breakfast Bar
  • Built-In Self-Cleaning Double Oven
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Built-In or Custom Kitchen Cabinets
  • Disposal
  • Whole House Reverse Osmosis System
  • Reverse Osmosis System

Flooring

  • Wood
  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Built-In Bedroom Cabinets
  • Walk-In Closet
  • Dual Sinks
  • Jetted Tub in Primary Bathroom
  • Bathtub With Separate Shower Stall
  • Multiple Shower Heads

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Pool

  • Infinity Pool
  • Concrete Pool
  • In Ground Spa
  • Pool Bathroom

Outdoor Features

  • Boat Lift
  • Deeded Boat Dock
  • Outdoor Fireplace
  • Outdoor Kitchen
  • Lanai
  • Outdoor Gas Grill

Schools

  • Sea Gate Elementary School
  • Gulfview Middle School
  • Naples High School

Utilities

  • Zoned Heating and Cooling

Community Details

  • Boating
  • Gulf Boat Access

Listing and Financial Details

  • Assessor Parcel Number 15950120009
  • Tax Block 1

Home Details

Home Type

Single Family

Est. Annual Taxes

$49,189

Year Built

Built in 2005

Lot Details

0

Parking

3

Listing Details

  • Legal Description: PARK SHORE UNIT 1 BLK 1 LOT 3
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.189571$-81.808652$227.47$13.33$1.00$ULFTjsUpI2rVrjynRd7ttg
  • Building Design: Single Family
  • Building Description: 2 Story
  • Storm Protection: Impact Resistant Doors, Impact Resistant Windows, Electric Shutters
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Furnished Description: Unfurnished
  • Price Per Sq Ft: 872.23
  • Total Floors: 2
  • Additional Rooms: Guest Bath, Guest Room, Laundry in Residence, Open Porch/Lanai, Den/Study
  • Estimated Living Area: 6535
  • Full Bathrooms: 4
  • Half Bathrooms: 3
  • Total Bathrooms: 7.00
  • Bedroom Description: Master BR Ground, Split Bedrooms
  • Bedrooms: 4+Den
  • Total Bedrooms: 4
  • Dining Room: Breakfast Bar, Living Dining, Formal
  • Elevator: Private
  • Equipment: Auto Garage Door, Central Vacuum, Dishwasher, Disposal, Double Oven, Dryer, Freezer, Gas Grill, Microwave, Refrigerator, Refrigerator/Icemaker, Reverse Osmosis, Self Cleaning Oven, Smoke Detector, Wall Oven, Washer, Wine Cooler
  • Flooring: Carpet, Marble, Tile, Wood
  • Floor Plan: Split Bedrooms
  • Interior Amenities: Bar, Built-In Cabinets, Closet Cabinets, Fireplace, Foyer, French Doors, Laundry Tub, Pantry, Smoke Detectors, Tray Ceiling, Volume Ceiling, Walk-In Closet, Wet Bar, Window Coverings
  • Kitchen: Gas Available, Island, Pantry
  • Primary Bathroom: Dual Sinks, Jetted Tub, Multiple Shower Heads, Separate Tub And Shower
  • Windows: Sliding

Exterior Features

  • Gulf Access: Yes
  • Private Pool: Yes
  • Private Spa: Yes
  • Roof: Tile
  • Construction: Concrete Block, Wood Frame
  • Boat Access: Boat Lift, Dock Deeded
  • Irrigation: Central
  • Road: Cul-De-Sac
  • View: Bay, Water
  • Exterior Features: Built In Grill, Decorative Shutters, Outdoor Fireplace, Outdoor Kitchen
  • Exterior Finish: Stucco
  • Private Pool Type: Below Ground, Concrete, Negative Edge, Pool Bath
  • Private Spa Type: Below Ground, Concrete, Pool Bath
  • Waterfront Type: Bay, Navigable

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 3
  • Parking: Circle Drive, Driveway Paved

Utilities

  • Cable Available: No
  • Cooling: Ceiling Fans, Central Electric, Zoned
  • Heat: Central Electric, Zoned
  • Sewer: Central
  • Water: Central, Reverse Osmosis - Entire House

Condo/Co-op/Association

  • Mandatory HOA: No
  • Restrictions: Deeded
  • Sub Condo Name: PARK SHORE

Association/Amenities

  • Pets: No Approval Needed
  • Development: Park Shore
  • Amenities: Guest Room
  • Community Type: Boating, Non-Gated

Schools

  • Elementary School: SEA GATE ELEMENTARY
  • Middle School: GULFVIEW MIDDLE SCHOOL
  • High School: NAPLES HIGH SCHOOL
  • Elementary School: Sea Gate Elementary
  • High School: Naples High School
  • Middle School: Gulfview Middle School

Lot Info

  • Builder Product: No
  • Lot Back: 105
  • Lot Frontage: 108
  • Lot Left: 163
  • Lot Right: 154
  • Lot Unit: 3
  • Section: 16
  • Total Area: 11764
  • Waterfront: Yes
  • Acres: 0.3900
  • Rear Exposure: Southwest
  • Lot Description: Regular
  • Lot Dimensions: 108 X 163 X 105 X 154
  • Parcel Number: 15950120009

Rental Info

  • Lease Limits: No

Tax Info

  • Tax Description: City And County, No Homestead
  • Taxes: 49189.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2018
Closed on
Dec 6, 2018
Sold by
Bolster William L and Bolster Eileen M
Bought by
Bruere Diane E
Seller's Agent
Michael Lawler
Douglas Elliman Florida,LLC
Buyer's Agent
Scott Muhlhauser Jr
John R Wood Properties
List Price
$6,575,000
Sold Price
$5,700,000
Premium/Discount to List
-$875,000
-13.31%
Current Estimated Value
$7,636,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,936,285
Avg. Annual Appreciation
4.55%

Purchase Details

Closed on
Dec 17, 2012
Sold by
Bolster William L and Bolster Eileen M
Bought by
Bolster William L and Bolster Eileen M

Purchase Details

Closed on
Jun 17, 2011
Sold by
Williams Sydney J and Williams Lorie
Bought by
Bolster William L and Bolster Eileen M

Purchase Details

Closed on
Apr 28, 2005
Sold by
Mermaids Bight 282 Llc
Bought by
Williams Sydney J and Williams Lorie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,430,000
Interest Rate
5.88%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 13, 2004
Sold by
Pint Michael J
Bought by
Mermaids Bight 282 L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,750,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 2, 2003
Sold by
Wolfe R Tony and Wolfe Susan L
Bought by
Pint Michael J

Purchase Details

Closed on
Feb 24, 1995
Sold by
Steffens Frances V and Steffens Robert N
Bought by
Wolfe R Tony and Wolfe Susan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
9.05%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Bruere Diane E $5,700,000 Attorney
Bolster William L -- Attorney
Bolster Eileen M -- Attorney
Bolster William L $3,800,000 Attorney
Williams Sydney J $4,900,000 Aries Title
Mermaids Bight 282 L L C $2,100,000 --
Pint Michael J $2,100,000 --
Wolfe R Tony $515,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams S Jack $3,325,000
Previous Owner Williams Sydney J $3,430,000
Previous Owner Mermaids Bight 282 Llc $252,000
Previous Owner Mermaids Bight 282 L L C $2,750,000
Previous Owner Wolfe R Tony $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2018 12/06/18 Sold $5,700,000 -4.9% $872 / Sq Ft
05/25/2018 05/25/18 Pending -- -- --
04/16/2018 04/16/18 Price Changed $5,995,000 -8.8% $917 / Sq Ft
02/19/2018 02/19/18 For Sale $6,575,000 -- $1,006 / 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
2023 $38,540 $4,197,648 $0 $0
2022 $39,636 $4,075,386 $0 $0
2021 $39,732 $3,905,343 $0 $0
2020 $38,763 $3,851,423 $0 $0
2019 $38,300 $3,764,832 $2,179,742 $1,585,090
2018 $42,355 $4,129,444 $2,745,989 $1,383,455
2017 $49,189 $4,753,626 $0 $0
2016 $44,764 $4,321,478 $0 $0
2015 $44,634 $4,186,310 $0 $0
2014 $44,808 $4,153,173 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 218010736

Naples Area Board of REALTORS®

APN: 15950120009