NOT LISTED FOR SALE

Estimated Value: $6,178,000 - $6,820,000

5 Beds
7 Baths
7,352 Sq Ft
$885/Sq Ft Est. Value

Last Sold April 24, 2018

Last sale price $3,800,000 $517 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $37,719/month

302 Days on Market

About This Home

As of April 2018

This elegant lakefront home is situated in the beautiful Bay Colony Shores neighborhood within the private and exclusive gated community of Bay Colony. Nestled along a romantic lakefront setting with western exposure, this 5 bedroom home was designed for comfortable living and lavish alfresco entertaining with its well-equipped outdoor kitchen and screened lanai. When entering this exceptional residence, one's eye is immediately drawn to the serene lake waters beyond. The 5,499 square foot home is remarkably elegant, yet warm and comfortable, offering the ability to relax in one of the two dedicated private den spaces. Inquire about renovations by London Bay Homes which include windows and doors. Enjoy a lifestyle unrivaled with such amenities as the luxurious Bay Colony Beach Club and tennis facilities.

Last Agent to Sell the Property

Richard Prebish

William Raveis Real Estate Listed on: 05/08/2017

William Raveis Real Estate

Last Buyer's Agent

Linda Teti

Stiles Sowers & Associates

Home Details

Home Type

  • Single Family

Year Built

  • 1994

Lot Details

  • 0.4

HOA Fees

  • $433 per month

Parking

  • Deeded Parking

Home Design

  • Entry on the 1st floor
  • Flat Roof Shape
  • Tile

Interior Spaces

  • 7,352 Sq Ft Home
  • 2-Story Property

Utilities

  • Central Heating and Cooling System

Community Details

  • $11,000 Secondary HOA Transfer Fee

Home Details

Home Type

Single Family

Year Built

1994

Lot Details

0

HOA Fees

$433 per month

Parking

3

Listing Details

  • Legal Description: PELICAN BAY UNIT 10 SITE 25
  • Building Design: Single Family
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1994

Interior Features

  • Additional Rooms: Home Office, Laundry in Residence
  • Bedrooms and Dens: 5+Den
  • Dining Room: Breakfast Room, Formal
  • Equipment: Auto Garage Door, Dishwasher, Dryer, Range, Wall Oven, Washer
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Built-In Cabinets, Fireplace, Laundry Tub
  • Primary Bathroom: Dual Sinks, Separate Tub And Shower
  • Furnished Description: Unfurnished
  • Num Unit Floor: 1
  • Price Per Sq Ft: 691.03
  • Total Floors: 2

Exterior Features

  • Construction: Concrete Block, Wood Frame
  • Exterior Features: Outdoor Kitchen
  • Exterior Finish: Stucco
  • Irrigation: Reclaimed
  • Private Pool: Below Ground
  • Private Spa: Below Ground
  • Windows: Casement, Picture
  • Roof: Built-Up Or Flat, Tile

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 3

Utilities

  • Security: Gated, Guard At Gate, Patrolled
  • Sewer: Central
  • Water: Central
  • Cooling: Central Electric
  • Heat: Central Electric

Condo/Co-op/Association

  • Amenities: Beach Access, Beach Club Available, Private Membership, Restaurant, Tennis Court
  • Community Type: Gated
  • Management: Professional
  • Restrictions: Architectural, Deeded, No Commercial, No RV, No Truck
  • Sub Condo Name: BAY COLONY SHORES

Association/Amenities

  • Pets: No Approval Needed
  • Development: Pelican Bay

Fee Information

  • HOA Fees: 5194
  • HOA Fee Frequency: Annually
  • Mandatory Club Fee: 1410
  • Mandatory Club Fee Frequency: Annually
  • Master HOA Fee: 5247
  • Master HOA Fee Frequency: Annually
  • Transfer Fees: 11000.00

Lot Info

  • Rear Exposure: West
  • View: Lake
  • Waterfront: Lake
  • Lot Dimensions: 129 X 149 X 109 X 150
  • Section: 33
  • Total Area: 7352

Rental Info

  • Leases Per Year: 1
  • Min Days Of Lease: 90

Tax Info

  • Tax Description: County Only
  • Tax District Type: Community Development District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2017
Closed on
Apr 24, 2018
Sold by
Spillane Richard J and Spillane Christine E
Bought by
Sorrentino Robert A and Sorrentino Carol H
Seller's Agent
Richard Prebish
William Raveis Real Estate
Buyer's Agent
Linda Teti
Stiles Sowers & Associates
List Price
$4,695,000
Sold Price
$3,800,000
Premium/Discount to List
-$895,000
-19.06%
Current Estimated Value
$6,503,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,703,874
Avg. Annual Appreciation
7.23%

Purchase Details

Closed on
Jun 13, 2005
Sold by
Chiodo Mary Jane
Bought by
Spillane Richard J and Spillane Christine E

Purchase Details

Closed on
Sep 4, 2002
Sold by
J E C Inv Co L L C
Bought by
Chiodo Mary Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sorrentino Robert A $3,800,000 Attorney
Spillane Richard J $3,625,000 --
Chiodo Mary Jane $1,900,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chiodo Mary Jane $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2018 04/24/18 Sold $3,800,000 -11.2% $517 / Sq Ft
03/06/2018 03/06/18 Pending -- -- --
01/05/2018 01/05/18 Price Changed $4,280,000 -8.8% $582 / Sq Ft
05/08/2017 05/08/17 For Sale $4,695,000 -- $639 / Sq Ft
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 $39,742 $4,141,902 -- --
2024 $39,475 $4,025,172 -- --
2023 $39,475 $3,907,934 $0 $0
2022 $40,712 $3,794,111 $0 $0
2021 $41,132 $3,683,603 $0 $0
2020 $40,138 $3,632,745 $0 $0
2019 $38,309 $3,401,156 $1,752,401 $1,648,755
2018 $37,520 $3,312,191 $1,735,050 $1,577,141
2017 $47,068 $4,183,145 $2,833,915 $1,349,230
2016 $44,769 $3,984,795 $0 $0
2015 $41,426 $3,633,784 $0 $0
2014 $21,073 $1,792,957 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 217031217

Naples Area Board of REALTORS®

APN: 66674376450