NOT LISTED FOR SALE

328 Palm Lake Dr Unit 1 Sanibel, FL 33957

Estimated Value: $567,527 - $688,000

0.36 Acre
$1,795,506 Price per Acre
15,682 Sq Ft Lot

Last Sold March 27, 2023

Last sale price $630,000 $40 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,015/month

102 Days on Market

Highlights

  • Community Beach Access
  • Corner Lot
  • No HOA
  • Sanibel Elementary School Rated A-

About This Lot

As of March 2023

OPPORTUNITY KNOCKING!!! Fantastic Near beach Lot off prestigious West Gulf Drive directly across from beach access. Great location that is just steps to the island Inn. Build your Dream Home here!!! Lots and tear downs off West Gulf Drive that are directly across from the beach prior to Hurricane Ian were selling for well over 1M. This is a great value and opportunity. Be part of the excitement & what's to come on Sanibel Island. It only gets better from here! The property is being sold as a lot, the home currently on the lot is in process of being torn down. Great opportunity and location!

Last Agent to Sell the Property

Michael McMurray

Royal Shell Real Estate, Inc. License #587669 Listed on: 11/11/2022

Royal Shell Real Estate, Inc.

Last Buyer's Agent

Anthony Dibiase Llc

John R. Wood Properties License #3263700

John R. Wood Properties

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,341

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 124x120
  • Corner Lot
  • Irregular Lot

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 34-46-22-T2-0080A.0010

Community Details

Overview

  • No Home Owners Association
  • Palm Lake Subdivision

Recreation

  • Community Beach Access

Property Details

Property Type

Land

Est. Annual Taxes

$8,341

Lot Details

0

Listing Details

  • Subdivision Name: Palm Lake
  • Class: Vacant Land
  • Property Type: Vacant Land
  • Legal Description: PALM LAKE BLK A PB 12 PG 146 LOT 1
  • Strap Number: 34-46-22-T2-0080A.0010
  • Subject To F I R P T A: No
  • Folio Id: 10023901
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per S Q F T: 1750000

Exterior Features

  • Waterfront: None/Not Applicable
  • Coastal Construction: Not Applicable
  • View: Sanctuary
  • Ground Cover: See Remarks
  • Roads: Paved

Utilities

  • Sewer: City
  • Water: City
  • Utilities Available: Cable Avail, Electric, See Remarks, Telephone

Condo/Co-op/Association

  • Association Fees Disp: Y - $/
  • HOA: No
  • Master Association Disp: $0/

Association/Amenities

  • Community Amenities: Deeded Beach Access, None/Not Applicable

Lot Info

  • Acres: 0.36
  • Geo Update Timestamp: 2022-11-11
  • Geo Address Line: 328 Palm Lake Dr
  • Geo Primary City: Sanibel
  • Geo Quality: 0.95
  • Geo Subdivision: FL
  • Geo Zoom Level: 16
  • Lot Frontage: 135
  • Lot Number: 1
  • Lot Size: 124X120
  • Lot Size Irregular: Yes
  • Lot Sq Ft: 15866
  • Zoning: Single Family
  • Deed Restrictions: On Record
  • Lot Features: Corner
  • Lot Size Feature: Irregular
  • Soil Type: Sandy Loam
  • Survey Year: 2021
  • Survey Year Disp: Y-2021
  • Usage: Single Family

Tax Info

  • Tax Amount: 8341
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2022
Closed on
Mar 27, 2023
Sold by
Osmida I Llc
Bought by
Wei Song Realty Investment Llc
Seller's Agent
Michael McMurray
Royal Shell Real Estate, Inc.
Buyer's Agent
Anthony Dibiase Llc
John R. Wood Properties
List Price
$749,000
Sold Price
$630,000
Premium/Discount to List
-$119,000
-15.89%
Current Estimated Value
$646,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,382
Avg. Annual Appreciation
1.00%

Purchase Details

Closed on
Dec 10, 2021
Sold by
Kej Ii Llc
Bought by
Osmida I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
3.09%
Mortgage Type
Commercial

Purchase Details

Closed on
May 28, 2019
Sold by
Sprague Nan H
Bought by
Kej Ii Llc

Purchase Details

Closed on
Feb 28, 2014
Sold by
Sprague Nan H and Holtje Malcolm Calvin
Bought by
Sprague Nan H and Sprague Survivors Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,000
Interest Rate
4.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2014
Sold by
Sprague Nan H
Bought by
Sprague Nan H and Holtje Malcolm Calvin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,000
Interest Rate
4.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2013
Sold by
Sprague Nan H
Bought by
Sprague Nan H and Sprague Survivors Trust

Purchase Details

Closed on
Jun 19, 2009
Sold by
Sprague Nan H
Bought by
Sprague Nan H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,600
Interest Rate
5.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2004
Sold by
Sprague Nan H
Bought by
Sprague Nan H and Sprague Survivors Trust

Purchase Details

Closed on
Sep 28, 2000
Sold by
Sprague John S and Sprague Nan H
Bought by
Sprague John S

Purchase Details

Closed on
Sep 9, 1998
Sold by
Warren Anne B and Warren Samuel
Bought by
Sprague John S and Sprague Nan H
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Wei Song Realty Investment Llc $630,000 Assured Title Services
Osmida I Llc $925,000 Superior Ttl Svcs Of Sanibel
Kej Ii Llc $546,500 Superior Ttl Svcs Of Sanibel
Sprague Nan H -- Attorney
Sprague Nan H -- Superior Title Services Of S
Sprague Nan H -- Attorney
Sprague Nan H -- K E L Title Insurance Agency
Sprague Nan H -- --
Sprague John S -- --
Sprague John S $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Osmida I Llc $570,000
Previous Owner Sprague Nan H $159,000
Previous Owner Sprague Nan H $169,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2023 03/27/23 Sold $630,000 -9.4% $40 / Sq Ft
02/21/2023 02/21/23 Pending -- -- --
01/24/2023 01/24/23 Price Changed $695,000 -7.2% $44 / Sq Ft
12/02/2022 12/02/22 For Sale $749,000 0.0% $47 / Sq Ft
11/21/2022 11/21/22 Pending -- -- --
11/21/2022 11/21/22 Price Changed $749,000 -6.3% $47 / Sq Ft
11/11/2022 11/11/22 For Sale $799,000 -- $50 / Sq Ft
Source: Sanibel & Captiva Islands Association 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 $7,176 $450,703 $450,703 --
2024 $11,782 $507,157 $507,157 $251,277
2023 $11,782 $817,379 $560,841 $251,277
2022 $12,512 $888,593 $431,220 $457,373
2021 $8,341 $561,237 $354,330 $206,907
2020 $7,766 $515,180 $354,330 $160,850
2019 $7,934 $524,071 $354,330 $169,741
2018 $8,174 $529,722 $354,330 $175,392
2017 $8,508 $540,218 $279,000 $261,218
2016 $8,015 $499,117 $279,000 $220,117
2015 $5,127 $509,403 $279,000 $230,403
2014 -- $479,906 $180,000 $299,906
2013 -- $385,418 $197,400 $188,018
Source: Public Records

Agents Affiliated with this Home

  • Michael McMurray

    Seller's Agent in 2023

    Michael McMurray

    Royal Shell Real Estate, Inc.

    (239) 850-7888

    104 in this area

    409 Total Sales

    Michael McMurray
    Section Image
  • Anthony Dibiase Llc

    Buyer's Agent in 2023

    Anthony Dibiase Llc

    John R. Wood Properties

    (239) 839-4987

    33 in this area

    77 Total Sales

    Anthony Dibiase Llc
    Section Image
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Map

Source: Sanibel & Captiva Islands Association of REALTORS®

MLS Number: 2220695

Sanibel & Captiva Islands Association of REALTORS®

APN: 34-46-22-T2-0080A.0010

Florida Lee County Sanibel 33957

328 Palm Lake Dr Unit 1, Sanibel, FL

This home is located at 328 Palm Lake Dr Unit 1, Sanibel, FL 33957 since 11 November 2022 and is currently estimated at $646,382, approximately $40 per square foot. 328 Palm Lake Dr Unit 1 is a home located in Lee County with nearby schools including Sanibel Elementary School, Cypress Lake Middle School, and Cypress Lake High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Sanibel & Captiva Islands Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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