NOT LISTED FOR SALE

288 South Dr Islamorada, FL 33036

Estimated Value: $4,339,640 - $4,974,000

5 Beds
7 Baths
4,784 Sq Ft
$988/Sq Ft Est. Value

Last Sold August 25, 2022

Last sale price $4,000,000 $836 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $27,538/month

34 Days on Market

Highlights

  • Ocean Front
  • Dock Available
  • Sitting Area In Primary Bedroom
  • Plantation Key School Rated A-
  • In Ground Pool
  • 1-minute walk to Indian Key

About This Home

As of August 2022

The ultimate private retreat awaits within the Plantation Point community of exclusively 3 oceanfront homes.

Fully renovated in 2018, this 5-bedroom dream property offers exceptional ocean views and bright sunlight throughout all living areas and bedrooms. The main level includes impressive high-vaulted ceilings, an open chef’s kitchen, custom cabinetry, eat-in and formal dining arrangements, and a vast great room alongside an ample covered terrace. Incredible ocean views are offered from many of the bedrooms, some with private balconies. Other features include a private elevator, ground floor family room, 3 car garage, laundry facility, heated pool & jacuzzi, private pier, and deeded dock space for one +/- 35' boat or 2 smaller boats.

Last Agent to Sell the Property

Esther Percal

BHHS EWM Realty License #0197819 Listed on: 06/30/2022

BHHS EWM Realty

Co-Listed By

Jason Zarco

BHHS EWM Realty License #3262563

Last Buyer's Agent

Esther Percal

BHHS EWM Realty License #0197819 Listed on: 06/30/2022

BHHS EWM Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,703

Year Built

  • Built in 2004

Lot Details

  • 1.19 Acre Lot
  • 115 Ft Wide Lot
  • Ocean Front
  • North Facing Home
  • Property is zoned Residential Single F

HOA Fees

  • $467 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Automatic Garage Door Opener
  • Driveway
  • Open Parking

Home Design

  • Metal Roof

Interior Spaces

  • 4,784 Sq Ft Home
  • Built-In Features
  • Ceiling Fan
  • Blinds
  • Great Room
  • Family Room
  • Ocean Views

Kitchen

  • Built-In Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Cooking Island

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Sitting Area In Primary Bedroom
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

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

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • Dock Available
  • Screened Balcony
  • Patio
  • Exterior Lighting

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 00412241-000500

Community Details

Overview

  • Plantation Point,Plantation Lakes Est Subdivision
  • Mandatory home owners association

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,703

Year Built

Built in 2004

Lot Details

1.19 Acres

HOA Fees

$467 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 2004
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Three Or More Stories
  • Co List Office Mls Id: EWM 04
  • Co List Office Phone: 305-674-4000
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Dock Available
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: PLANTATION POINT,PLANTATION LAKES EST
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Maker, Microwave, Gas Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Cooking Island, Elevator, Fire Sprinklers, Pantry, Walk-In Closet(s), Family Room, Great Room, Utility Room/Laundry
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Door Features: High Impact Doors
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 4784
  • Other Equipment: Automatic Garage Door Opener, Elevator
  • Possible Use: Unknown/Withheld
  • Window Features: Complete Impact Glass, Blinds, High Impact Windows
  • Bedroom Features: Sitting Area - Master Bedroom
  • Living Room Features: Family Room, Great Room, Utility Room/Laundry
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • Roof: Metal Roof
  • View: Ocean
  • Exterior Features: Lighting, Open Balcony, Screened Balcony
  • Direction Faces: North
  • Lot Features: 1 To Less Than 2 Acre Lot
  • Patio And Porch Features: Open Balcony, Patio
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: PLANTATION POINT
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Fire Sprinklers, Fire Alarm, Smoke Detector

Condo/Co-op/Association

  • Association Fee: 5600
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Gated, Mandatory Hoa, Street Lights
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 00412241-000500
  • Lot Size Sq Ft: 51845
  • Zoning: Residential Single F
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 16703

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 7, 2022
Sold by
288 South Drive Holdings Llc
Bought by
Plantation Key Llc
Current Estimated Value
$4,728,410

Purchase Details

Listed on
Jun 30, 2022
Closed on
Aug 17, 2022
Sold by
Jeannette Brandon Revocable Trust
Bought by
288 South Drive Holdings Llc
Seller's Agent
Esther Percal
BHHS EWM Realty
Buyer's Agent
Esther Percal
BHHS EWM Realty
List Price
$4,500,000
Sold Price
$4,000,000
Premium/Discount to List
-$500,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.90%

Purchase Details

Closed on
Jun 14, 2022
Sold by
Richard Brandon
Bought by
Third Amendment And Re-Statement Jeannette Br

Purchase Details

Listed on
Mar 6, 2019
Closed on
Dec 18, 2019
Sold by
288 South Drive Llc
Bought by
Brandon Richard
Seller's Agent
Charlotte Porter
Coldwell Banker Schmitt Islamorada
Buyer's Agent
Bill Hart
Century 21 Prestige Realty Grp, Tavernier
List Price
$3,300,000
Sold Price
$2,625,000
Premium/Discount to List
-$675,000
-20.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.99%
Original Mortgage
$2,740,000
Interest Rate
3.6%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 19, 2018
Sold by
Pauly Raymond Wayne and Pauly Marie
Bought by
288 South Drive Llc
Source: Public Records
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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
Plantation Key Llc -- --
Plantation Key Llc -- None Listed On Document
288 South Drive Holdings Llc $4,000,000 --
Third Amendment And Re-Statement Jeannette Br -- Wright Barrows Pllc
Brandon Richard $2,625,000 Coral Reef Title Company
288 South Drive Llc $1,500,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brandon Richard $2,740,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/25/2022 08/25/22 Sold $4,000,000 0.0% $836 / Sq Ft
08/03/2022 08/03/22 Pending -- -- --
07/14/2022 07/14/22 Off Market $4,000,000 -- --
06/30/2022 06/30/22 For Sale $4,500,000 +71.4% $941 / Sq Ft
12/18/2019 12/18/19 Sold $2,625,000 -0.9% $711 / Sq Ft View Prior Sale
11/12/2019 11/12/19 Price Changed $2,650,000 -19.7% $718 / Sq Ft
03/06/2019 03/06/19 For Sale $3,300,000 -- $894 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $33,418 $3,643,984 $1,773,528 $1,870,456
2024 $32,076 $3,650,378 $1,773,528 $1,876,850
2023 $32,076 $3,419,142 $1,649,555 $1,769,587
2022 $16,458 $1,724,389 $0 $0
2021 $16,703 $1,674,165 $0 $0
2020 $22,036 $2,176,871 $596,007 $1,580,864
2019 $14,756 $1,395,012 $543,652 $851,360
2018 $8,218 $778,972 $0 $0
2017 $7,899 $762,951 $0 $0
2016 $8,171 $747,259 $0 $0
2015 $7,978 $742,065 $0 $0
2014 $7,979 $736,176 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11230705

MIAMI REALTORS® MLS

APN: 00412241-000500

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