$3,500,000
SOLD NOV 4, 2020
6 Beds
10.5 Baths
10,188 Sq Ft
0.61 Acres

Recently Sold

$344 Per Sq Ft

22% Below List Price

159 Days on Market

Highlights

  • Waterfront Tip Lot
  • Private Pool
  • Gated Community
  • McNab Elementary School Rated A-
  • Garage Apartment
  • 26,663 Sq Ft lot

About This Home

As of November 2020

Trophy Point Lot. Nestled on a secluded street of just two homes in exclusive Bay Colony. A developers dream. Amazing opportunity to build your dream home or completely renovate existing Spanish Style structure. Over 450 feet of water-frontage, lagoon style pool, South East exposure .Current structure is comprised of 6 bedrooms 10 baths, approximately 10,868 square feet of living space. Lagoon style pool wraps around the property, waterfalls, grotto, bridge, tropical landscape ground. An ideal setting for outdoor entertainment and Yacht enthusiast. Bay Colony is a private enclave of waterfront homes with 24 hour guard gated security.

Last Agent to Sell the Property

svetlana carroll

One Sotheby's Int'l Realty License #3292922 Listed on: 04/28/2020

One Sotheby's Int'l Realty

Co-Listed By

Miguel Hernandez

One Sotheby's Int'l Realty License #489695

Last Buyer's Agent

Nanci Hernandez

MSN Real Estate Group Corp License #3261826

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1987

Lot Details

  • 0.61 Acre Lot
  • Waterfront Tip Lot
  • North Facing Home
  • Property is zoned RS-4.4

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Apartment
  • Circular Driveway

Property Views

  • Water
  • Pool

Home Design

  • Spanish Architecture
  • Barrel Roof Shape

Interior Spaces

  • 10,188 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Bar
  • Fireplace
  • Family Room
  • Sitting Room
  • Formal Dining Room
  • Den
  • Sun or Florida Room
  • Eat-In Kitchen

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Maid or Guest Quarters
  • In-Law or Guest Suite

Pool

  • Private Pool
  • Spa

Outdoor Features

  • No Fixed Bridges
  • Canal Access
  • Deck
  • Open Patio
  • Porch

Utilities

  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 494307130011

Community Details

Overview

  • Association fees include road maintenance, security
  • Bay Colony Sec Of Landing Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 1987

Lot Details

0

HOA Fees

$500 per month

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Bayview Drive to Bay Colony.
  • Year Built: 1987
  • Architectural Style: Two Story, Spanish/Mediterranean
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Features, Bedroom on Main Level, Dining Area, Separate/Formal Dining Room, Eat-in Kitchen, First Floor Entry, Fireplace, Kitchen/Dining Combo, Sitting Area in Master, Upper Level Master, Bar
  • Private Spa: Yes
  • Appliances: None
  • Full Bathrooms: 10
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Wood
  • Living Area: 10188.0
  • Dining Room Type: Den, Family Room, Florida Room, Garage Apartment, Guest Quarters, In-Law Suite, Master Bedroom, Sitting Room

Exterior Features

  • Exterior Features: Barbecue, Deck, Porch
  • View: Pool, Water
  • Lot Features: < 1/4 Acre
  • Pool Features: In Ground, Pool, Private
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Canal Access, Dock Access, No Fixed Bridges, Point Lot
  • Waterfront: Yes
  • Disclosures: Seller Disclosure
  • Construction Type: Other
  • Direction Faces: North
  • Other Structures: Garage Apartment
  • Patio And Porch Features: Deck, Open, Porch
  • Property Condition: Resale
  • Roof: Barrel

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Circular Driveway, Garage, Other, Paver Block

Utilities

  • Cooling: Other
  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1500.0
  • Community Features: Gated, Other
  • Senior Community: No
  • Association Fee Frequency: Quarterly
  • Pets Allowed: No Pet Restrictions, Yes

Fee Information

  • Association Fee Includes: Other, Road Maintenance, Security

Lot Info

  • Parcel #: 494307130011
  • Lot Size Sq Ft: 26663.0
  • Zoning Description: RS-4.4
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 92880.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2020
Closed on
Nov 4, 2020
Sold by
Melchiorre Paul L
Bought by
Martinez Manso Michel
Seller's Agent
svetlana carroll
One Sotheby's Int'l Realty
Buyer's Agent
Nanci Hernandez
MSN Real Estate Group Corp
List Price
$4,500,000
Sold Price
$3,500,000
Premium/Discount to List
-$1,000,000
-22.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.17%
Original Mortgage
$2,450,000
Outstanding Balance
$2,193,841
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$4,304,251

Purchase Details

Closed on
Apr 22, 2020
Sold by
Melchiorre Paul
Bought by
Melchiorre Paul

Purchase Details

Closed on
Jun 11, 2002
Sold by
Lenz Randolph W
Bought by
Lenz Karin

Purchase Details

Closed on
Aug 1, 1990
Sold by
Available Not
Bought by
Available Not
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 Type Sale Price Title Company
Warranty Deed $3,500,000 Action Title Company
Deed $3,000,000 None Available
Interfamily Deed Transfer $1,943,800 --
Warranty Deed $400,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $600,000 Credit Line Revolving
Open $2,450,000 New Conventional
Previous Owner $1,000,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2025 01/18/25 Price Changed $10,500,000 -8.7% --
12/20/2024 12/20/24 Price Changed $11,500,000 -3.4% --
12/04/2024 12/04/24 Price Changed $11,900,000 -4.8% --
08/12/2024 08/12/24 For Sale $12,500,000 +257.1% --
11/04/2020 11/04/20 Sold $3,500,000 -22.2% $344 / Sq Ft
10/05/2020 10/05/20 Pending -- -- --
04/28/2020 04/28/20 For Sale $4,500,000 0.0% $442 / Sq Ft
08/27/2013 08/27/13 Rented $10,500 -12.5% --
07/28/2013 07/28/13 Under Contract -- -- --
09/12/2012 09/12/12 For Rent $12,000 -- --
Source: BeachesMLS (Greater Fort Lauderdale)

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 $64,156 $2,640,580 -- --
2024 $51,230 $2,640,580 $2,133,040 --
2023 $51,230 $2,674,900 $2,133,040 $541,860
2022 $65,766 $3,500,000 $2,133,040 $1,366,960
2021 $65,835 $3,500,000 $2,133,040 $1,366,960
2020 $74,752 $3,999,390 $2,133,040 $1,866,350
2019 $92,880 $4,954,690 $2,133,040 $2,821,650
2018 $88,669 $4,847,090 $2,133,040 $2,714,050
2017 $82,801 $4,447,150 $0 $0
2016 $82,511 $4,297,830 $0 $0
2015 $82,565 $4,180,520 $0 $0
2014 $78,604 $3,906,650 $0 $0
2013 -- $3,609,600 $1,466,470 $2,143,130
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10227148

BeachesMLS (Greater Fort Lauderdale)

APN: 49-43-07-13-0011