NOT LISTED FOR SALE

Estimated Value: $6,591,465

7.87 Acres
$838,076 Price per Acre
342,599 Sq Ft Lot

Last Sold September 15, 2022

Last sale price $7,000,000

Est. 6% decrease in value since last sale

Current estimated payment $38,188/month

Highlights

  • Property has ocean access
  • Boat Dock
  • Waterfront
  • Jensen Beach High School Rated A
  • River View
  • 7.87 Acre Lot

About This Lot

As of September 2022

SEWALLS POINT TROPHY PROPERTY with nearly 8 ACRES OF LAND on DEEP WATER for your MEGA YACHT and approx 30 Ft elevation on the West side with magical wide water views all located minutes to the Inlet/Ocean and all your boating desires. The possibilities are endless for this one of a kind property as you can keep it as one of the largest estates in all of Sewalls Point, Split the lot in 2, or Subdivide for a site plan with several lots. With 224 feet on the water, this lot boasts the most incredible foliage with Banyan Trees, Amazing Oaks, Gumbo Limbo's , and a variety of Palm Trees. The lot itself spans all the way from the West Side of Sewalls Point at River Rd to the eastern part at Sewalls Point Rd. What an incredible property to build a family compound or land bank and hold for future subdivision development.

Last Agent to Sell the Property

Joseph Sabato

Keller Williams of the Treasure Coast License #3142347 Listed on: 07/25/2022

Keller Williams of the Treasure Coast

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $36,538

Lot Details

  • 7.87 Acre Lot
  • Waterfront

Additional Features

  • River Views
  • Septic Tank

Community Details

Overview

  • No Home Owners Association

Recreation

  • Boat Dock
  • Property has ocean access
  • Access To Intracoastal Waterway
  • River Access

Property Details

Property Type

Land

Est. Annual Taxes

$36,538

Lot Details

0

Listing Details

  • Directions: North on Sewalls Point Road, property on left side about half mile down.
  • Lot Size Acres: 7.865
  • Property Attached Yn: No
  • Property Sub Type: Detached
  • Property Sub Type Additional: Detached,Single Family Residence
  • Prop. Type: Land
  • Subdivision Name: Raceys
  • Ownership: Fee Simple
  • Special Features: None

Exterior Features

  • View: Intercoastal, River
  • View: Yes
  • Waterfront Features: Deep Water, Intracoastal Access, Ocean Access, River Access, Water Access
  • Waterfront: Yes

Utilities

  • Sewer: Public Sewer, Septic Tank
  • Utilities: Sewer Available, Sewer Connected, Water Available, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Dock

Fee Information

  • Association Fee Includes: None

Lot Info

  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 36537.7
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2022
Closed on
Sep 15, 2022
Sold by
Racey Ridge Llc
Bought by
33 N Sewalls Point Road Llc
Seller's Agent
Joseph Sabato
Keller Williams of the Treasure Coast
List Price
$7,875,000
Sold Price
$7,000,000
Premium/Discount to List
-$875,000
-11.11%
Views
32
Current Estimated Value
$6,591,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$408,535
Avg. Annual Appreciation
-0.41%

Purchase Details

Listed on
Oct 26, 2020
Closed on
Feb 16, 2021
Sold by
Katmac Investments Llc
Bought by
Racey Ridge Llc
Seller's Agent
Joseph Sabato
Keller Williams of the Treasure Coast
List Price
$4,350,000
Sold Price
$4,000,000
Premium/Discount to List
-$350,000
-8.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.50%

Purchase Details

Listed on
Apr 11, 2016
Closed on
Dec 12, 2017
Sold by
Cd 2 Llc
Bought by
Katmac Investment Llc
Seller's Agent
Leon Abood
One Sotheby's International Realty
Buyer's Agent
Joseph Sabato
Keller Williams of the Treasure Coast
List Price
$4,950,000
Sold Price
$2,250,000
Premium/Discount to List
-$2,700,000
-54.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.97%

Purchase Details

Closed on
Mar 16, 2007
Sold by
U S Bank Na and Stevins Cynthia
Bought by
Cd2 Llc

Purchase Details

Closed on
Jun 17, 1996
Sold by
Andrews Frank M and Andrews Virginia B
Bought by
Andrews Frank M

Purchase Details

Closed on
May 14, 1996
Sold by
Andrews Frank M
Bought by
Cd2 Llc

Purchase Details

Closed on
Dec 27, 1966
Bought by
Cd2 Llc
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
33 N Sewalls Point Road Llc -- --
Racey Ridge Llc $4,000,000 Attorney
Katmac Investment Llc $2,250,000 Attorney
Cd2 Llc $4,150,000 Attorney
Andrews Frank M $100 --
Cd2 Llc -- --
Cd2 Llc $100 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2022 09/15/22 Sold $7,000,000 -11.1% --
08/09/2022 08/09/22 Pending -- -- --
07/25/2022 07/25/22 For Sale $7,875,000 +96.9% --
02/16/2021 02/16/21 Sold $4,000,000 -8.0% --
01/17/2021 01/17/21 Pending -- -- --
10/26/2020 10/26/20 For Sale $4,350,000 +93.3% --
12/22/2017 12/22/17 Sold $2,250,000 -54.5% $7 / Sq Ft
11/22/2017 11/22/17 Pending -- -- --
02/11/2016 02/11/16 For Sale $4,950,000 -- $14 / Sq Ft
Source: Martin County REALTORS® of the Treasure Coast

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 $38,908 $2,638,944 -- --
2024 $39,429 $2,399,040 $2,399,040 --
2023 $39,429 $2,399,040 $2,399,040 $0
2022 $50,219 $3,055,100 $3,055,100 $0
2021 $36,867 $2,164,030 $2,164,030 $0
2020 $36,226 $2,164,030 $2,164,030 $0
2019 $36,538 $2,164,030 $2,164,030 $0
2018 $36,824 $2,164,030 $2,164,030 $0
2017 $37,333 $2,291,330 $2,291,330 $0
2016 $34,047 $2,036,740 $2,036,740 $0
2015 $34,244 $2,011,280 $2,011,280 $0
2014 $34,244 $2,164,030 $2,164,030 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Martin County REALTORS® of the Treasure Coast

MLS Number: M20035462

Martin County REALTORS® of the Treasure Coast

APN: 35-37-41-006-000-00031-9