NOT LISTED FOR SALE

Estimated Value: $672,882 - $965,000

4 Beds
4 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold April 26, 2022

Last sale price $750,000

Est. 7% increase in value since last sale

Current estimated payment $4,875/month

28 Days on Market

Highlights

  • Home fronts a creek
  • Home fronts a canal
  • Concrete Block With Brick
  • Naples High School Rated A
  • High Impact Windows
  • Central Heating and Cooling System

About This Home

As of April 2022

HUGE PRICE REDUCTION! Newly renovated contemporary WATERFRONT duplex gem with GULF ACCESS in chic Bayshore — total 4BR/4BA in two units with sparkling, bright modern design, open ceilings, designer kitchens, bathrooms, flooring and finishes. New impact windows, W/D in each unit, impact glass designer doors, AC, water heaters, and all appliances. Newer roof. Tranquil oasis within walking distance to the new landmark wine/art venue, Celebration Park, Ankrolab microbrewery, 360Market & Wine Shop, Naples Outfitters and the harbor. Rent out both 2BR/2BR units or live in one unit and have Mom or the kids next door in your second unit. Opportunity to build a boat dock and fire pit in your tree-lined natural waterfront paradise. Secure this unique investment in popular Bayshore before the crowds are priced out. INVESTOR ALERT! Opportunity to double your gains by buying the duplex next door at 3049 Coco Ave (MLS 222012725) and turn both into upscale 4-unit Airbnb with annual net profit potential exceeding $100,000 before taxes.

Last Agent to Sell the Property

Gero Geilenbruegge

Waterfront Realty Group Inc Listed on: 02/20/2022

Waterfront Realty Group Inc

Last Buyer's Agent

Chrissy Burghart Forst

eXp Realty LLC

eXp Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,703

Year Built

  • Built in 1969

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions: 50
  • Home fronts a creek
  • Home fronts a canal

Home Design

  • Duplex
  • Concrete Block With Brick
  • Metal Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Solar Tinted Windows
  • Single Hung Windows
  • Vinyl Flooring
  • High Impact Windows

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Fixed Bridges
  • Seawall

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 71781160007
  • Tax Block B

Community Details

Overview

  • 2 Units
  • Sabal Shores Condos

Recreation

  • Gulf Boat Access

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,703

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Legal Description: SABAL SHORES BLK B LOT 10
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.122645$-81.768741$317.70$13.33$1.00$BISvVs8whsZU1Xan12Av7g
  • Building Design: Duplex
  • Building Description: Duplex
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Total Bedrooms: 4
  • Flooring: Vinyl
  • Windows: Impact Resistant, Single Hung, Solar Tinted

Exterior Features

  • Gulf Access: Yes
  • Private Pool: No
  • Private Spa: No
  • Roof: Metal
  • Canal Width: Canal Width 31-80
  • Construction: Concrete Block
  • Gulf Access Type: Bridge(s)/Water Indirect
  • Irrigation: Central
  • Road: Public Road
  • Exterior Finish: Stucco
  • Waterfront Type: Canal, Creek, Seawall

Utilities

  • Cable Available: No
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Association/Amenities

  • Pets: No Approval Needed
  • Development: Sabal Shores
  • Community Type: Non-Gated
  • Units In Building: 2

Condo/Co-op/Association

  • Sub Condo Name: SABAL SHORES

Lot Info

  • Lot Back: 57
  • Lot Frontage: 50
  • Lot Left: 131
  • Lot Right: 155
  • Lot Unit: 10
  • Section: 11
  • Waterfront: Yes
  • Zoning Code: 8
  • Acres: 0.1600
  • Lot Description: Oversize
  • Lot Dimensions: 50 X 131 X 57 X 155
  • Parcel Number: 71781160007

Tax Info

  • Tax Description: County Only
  • Taxes: 3703.00

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2022
Closed on
Apr 26, 2022
Sold by
Elizabeth Solomon
Bought by
Smith Alexander Gerald and Smith Sally Elizabeth
Seller's Agent
Gero Geilenbruegge
Waterfront Realty Group Inc
Buyer's Agent
Chrissy Burghart Forst
eXp Realty LLC
List Price
$875,000
Sold Price
$750,000
Premium/Discount to List
-$125,000
-14.29%
Current Estimated Value
$804,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,721
Avg. Annual Appreciation
2.04%
Original Mortgage
$700,000
Outstanding Balance
$581,490
Interest Rate
4.38%
Mortgage Type
VA
Estimated Equity
$223,231

Purchase Details

Listed on
Dec 27, 2020
Closed on
Mar 4, 2021
Sold by
Rajbeta Llc
Bought by
Solomon Elizabeth
Seller's Agent
Robert Alpizar
Alpizar & Company, LLC
Buyer's Agent
Gero Geilenbruegge
Waterfront Realty Group Inc
List Price
$475,000
Sold Price
$475,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
48.76%

Purchase Details

Listed on
Oct 26, 2016
Closed on
Feb 27, 2017
Sold by
Henke Gordon
Bought by
Rajbeta Llc
Seller's Agent
Trevor Ekovich
Buyer's Agent
Robert Alpizar
Alpizar & Company, LLC
List Price
$274,900
Sold Price
$275,000
Premium/Discount to List
$100
0.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.56%

Purchase Details

Listed on
Sep 18, 2014
Closed on
Jan 3, 2015
Sold by
Dh Squared Properties Llc
Bought by
Henke Gordon
Seller's Agent
Lauren Melo
Florida's Realty Specialists
Buyer's Agent
Lindsey Miller Bulloch
INACTIVE AGENT ACCT
List Price
$75,000
Sold Price
$158,650
Premium/Discount to List
$83,650
111.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.02%

Purchase Details

Listed on
Sep 18, 2014
Closed on
Jan 1, 2015
Bought by
3061 Coco Avenue Trust
Seller's Agent
Lauren Melo
Florida's Realty Specialists
Buyer's Agent
Lindsey Miller Bulloch
INACTIVE AGENT ACCT
List Price
$75,000
Sold Price
$158,650
Premium/Discount to List
$83,650
111.53%

Purchase Details

Listed on
Sep 18, 2014
Closed on
Nov 13, 2014
Sold by
U S Bank National Association
Bought by
Dh Squared Properties Llc
Seller's Agent
Lauren Melo
Florida's Realty Specialists
Buyer's Agent
Lindsey Miller Bulloch
INACTIVE AGENT ACCT
List Price
$75,000
Sold Price
$158,650
Premium/Discount to List
$83,650
111.53%

Purchase Details

Closed on
Aug 27, 2014
Sold by
Redic James
Bought by
U S Bank National Association

Purchase Details

Closed on
Apr 25, 2014
Sold by
Redic James
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Aug 31, 2005
Sold by
Gregory & Associates Inc
Bought by
Redic James P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.62%
Mortgage Type
Commercial
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
Smith Alexander Gerald $750,000 Shumake Jim D
Solomon Elizabeth $475,000 Attorney
Rajbeta Llc $275,000 Attorney
Henke Gordon -- Attorney
3061 Coco Avenue Trust $100 --
Dh Squared Properties Llc $158,550 Attorney
U S Bank National Association -- None Available
Aurora Loan Services Llc -- None Available
Redic James P $550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Alexander Gerald $700,000
Previous Owner Redic James P $440,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/26/2022 04/26/22 Sold $750,000 -5.7% --
03/20/2022 03/20/22 Pending -- -- --
03/20/2022 03/20/22 Price Changed $795,000 -9.1% --
03/12/2022 03/12/22 For Sale $875,000 0.0% --
03/07/2022 03/07/22 Pending -- -- --
03/04/2022 03/04/22 Price Changed $875,000 -5.4% --
02/20/2022 02/20/22 For Sale $925,000 +94.7% --
03/04/2021 03/04/21 Sold $475,000 0.0% -- View Prior Sale
01/30/2021 01/30/21 Pending -- -- --
12/27/2020 12/27/20 For Sale $475,000 +72.7% --
02/27/2017 02/27/17 Sold $275,000 0.0% -- View Prior Sale
01/26/2017 01/26/17 Pending -- -- --
10/26/2016 10/26/16 For Sale $274,900 +73.3% --
11/12/2014 11/12/14 Sold $158,650 +111.5% -- View Prior Sale
10/22/2014 10/22/14 Pending -- -- --
09/18/2014 09/18/14 For Sale $75,000 -- --
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
2025 $7,454 $559,682 -- --
2024 $6,098 $508,802 -- --
2023 $6,098 $417,161 $395,307 $21,854
2022 $5,580 $357,336 $280,962 $76,374
2021 $3,703 $214,129 $0 $0
2020 $3,427 $194,663 $0 $0
2019 $3,045 $176,966 $110,250 $66,716
2018 $3,032 $176,897 $90,405 $86,492
2017 $2,849 $167,245 $90,405 $76,840
2016 $2,758 $162,869 $0 $0
2015 $2,858 $168,037 $0 $0
2014 $2,055 $113,479 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 222012730

Naples Area Board of REALTORS®

APN: 71781160007