NOT LISTED FOR SALE

Estimated Value: $6,477,000 - $7,305,000

6 Beds
7 Baths
5,804 Sq Ft
$1,169/Sq Ft Est. Value

Last Sold March 08, 2024

Last sale price $7,500,000 $1,292 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $41,630/month

356 Days on Market

Highlights

  • Concierge
  • Community Beach Access
  • Full Service Day or Wellness Spa
  • Sea Gate Elementary School Rated A
  • Lake Front
  • Private Beach

About This Home

As of March 2024

This luxurious and rarely available Bay Colony Shores residence – designed by renowned RG Design and built by prestigious Gulfshore Homes – is all about location, lifestyle and quality. Perfectly maintained with all new AC the two-story estate home offers sunny southern exposure with expansive lake views and a resort-like pool and outdoor area. Inside, you will find a great open flow of kitchen, dining area, living room and family room perfect for entertaining as well as day-to-day living with your family. A large island, Sub-Zero appliances and a walk-in wine room complement the kitchen. Conveniently located on the ground floor - along with two further large guest bedrooms - the spacious primary suite offers gorgeous views over the pool area. A beautiful staircase or the elevator take you to the second floor which features 3 more bedrooms and a large den with long views over the lake. Please note that some rooms are virtually staged. You will enjoy the first-class amenities Bay Colony offers exclusively to their residents. These include a full-service beach club on the Gulf, tennis club, concierge service program as well as optional membership at the Bay Colony Golf Club.

Last Agent to Sell the Property

Ulrich Korff

William Raveis Real Estate Listed on: 03/03/2023

William Raveis Real Estate

Co-Listed By

Dawn Hoffman

William Raveis Real Estate

Last Buyer's Agent

Larry Lappin

John R Wood Properties

John R Wood Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $59,439

Year Built

  • Built in 2008

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions: 133
  • Lake Front
  • Private Beach
  • Cul-De-Sac
  • South Facing Home
  • Gated Home
  • Landscaped
  • Paved or Partially Paved Lot
  • Sprinkler System

HOA Fees

Parking

  • 3 Car Attached Garage
  • Automatic Garage Door Opener
  • Guest Parking
  • Deeded Parking

Home Design

  • Concrete Block With Brick
  • Stone Exterior Construction
  • Stucco
  • Tile

Interior Spaces

  • 5,804 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Custom Mirrors
  • Central Vacuum
  • Partially Furnished
  • Wired For Sound
  • Bar
  • Tray Ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace
  • Thermal Windows
  • Awning
  • Arched Windows
  • Transom Windows
  • Sliding Windows
  • Casement Windows
  • La Cantina or Zero Corner Doors
  • French Doors
  • Entrance Foyer
  • Great Room
  • Family Room
  • Formal Dining Room
  • Den
  • Lake Views
  • Pull Down Stairs to Attic

Kitchen

  • Eat-In Kitchen
  • Walk-In Pantry
  • Built-In Self-Cleaning Double Oven
  • Gas Cooktop
  • Warming Drawer
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Built-In or Custom Kitchen Cabinets
  • Disposal
  • Pot Filler

Flooring

  • Wood
  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Built-In Bedroom Cabinets
  • Walk-In Closet
  • In-Law or Guest Suite
  • Bathtub With Separate Shower Stall
  • Multiple Shower Heads

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Monitored
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Heated Spa
  • Above Ground Spa
  • Outdoor Shower

Outdoor Features

  • Pond
  • Balcony
  • Deck
  • Patio
  • Water Fountains
  • Outdoor Kitchen
  • Lanai
  • Attached Grill

Schools

  • Sea Gate Elementary School
  • Pine Ridge Middle School
  • Barron Collier High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Smart Home Wiring
  • Propane
  • High Speed Internet
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 66674377255

Community Details

Overview

  • $17,500 Secondary HOA Transfer Fee
  • Private Membership Available
  • Pelican Bay Community
  • Mandatory home owners association

Amenities

  • Concierge
  • Full Service Day or Wellness Spa
  • Restaurant
  • Clubhouse
  • Billiard Room

Recreation

  • Community Beach Access
  • Private Beach Pavilion
  • Private Beach Club
  • Tennis Courts
  • Fitness Center
  • Exercise Course
  • Community Pool
  • Park
  • Bike Trail

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$59,439

Year Built

Built in 2008

Lot Details

0

HOA Fees

$1,812 per month

Parking

3

Listing Details

  • Legal Description: PELICAN BAY UNIT 10 SITE 41
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.248673953388938$-81.81077787206371$241.31$13.33$1.00$BuE9GTqSfIxBf72G1B1YFA
  • Building Design: Single Family
  • Building Description: 2 Story
  • Storm Protection: Impact Resistant Doors, Impact Resistant Windows
  • Year Built: 2008
  • Directions: Proceed through the gate on Bay Colony Dr., turn right onto Colony Dr., turn right onto Tory Ln., turn left onto Cromwell Ct., house is located on the right side towards the end of the street.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Furnished Description: Partially Furnished
  • Price Per Sq Ft: 1292.21
  • Total Floors: 2
  • Additional Rooms: Balcony, Den/Study, Family Room, Great Room, Guest Bath, Guest Room, Laundry in Residence, Open Porch/Lanai
  • Estimated Living Area: 5804
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bathrooms: 7.00
  • Bedroom Description: Master BR Ground, Split Bedrooms
  • Bedrooms: 6 or More
  • Total Bedrooms: 6
  • Dining Room: Eat-in Kitchen, Formal
  • Elevator: Private
  • Equipment: Auto Garage Door, Central Vacuum, Cooktop - Gas, Dishwasher, Disposal, Double Oven, Dryer, Freezer, Home Automation, Microwave, Pot Filler, Range, Refrigerator, Refrigerator/Freezer, Refrigerator/Icemaker, Security System, Self Cleaning Oven, Smoke Detector, Wall Oven, Warming Tray, Washer
  • Flooring: Carpet, Marble, Tile, Wood
  • Floor Plan: Great Room, Split Bedrooms, 2 Story
  • Interior Amenities: Bar, Built-In Cabinets, Cable Prewire, Closet Cabinets, Custom Mirrors, Fireplace, Foyer, French Doors, Internet Available, Pantry, Pull Down Stairs, Smoke Detectors, Surround Sound Wired, Tray Ceiling, Vaulted Ceiling, Volume Ceiling, Walk-In Closet, Wet Bar, Window Coverings, Zero/Corner Door Sliders
  • Kitchen: Gas Available, Island, Walk-In Pantry
  • Primary Bathroom: Multiple Shower Heads, Separate Tub And Shower
  • Windows: Arched, Awning, Casement, Impact Resistant, Sliding, Thermal, Transom

Exterior Features

  • Gulf Access: No
  • Private Pool: Yes
  • Private Spa: Yes
  • Roof: Tile
  • Construction: Concrete Block
  • Irrigation: Central
  • Road: Cul-De-Sac, Paved Road
  • View: Lake, Landscaped Area, Water Feature
  • Exterior Features: Built In Grill, Deck, Fence, Outdoor Kitchen, Outdoor Shower, Patio, Pond, Sprinkler Auto, Water Display
  • Exterior Finish: Stone, Stucco
  • Private Pool Type: Below Ground, Concrete, Heated Electric, Pool Bath
  • Private Spa Type: Above Ground, Concrete, Heated Gas
  • Waterfront Type: Lake

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 3
  • Parking: 2+ Spaces, Driveway Paved, Guest

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Security: Monitored Alarm, Gated, Guard At Gate
  • Sewer: Central
  • Water: Central
  • Gas Description: Propane

Condo/Co-op/Association

  • Approval: Buyer
  • Management: Professional
  • Mandatory HOA: Yes
  • Restrictions: Architectural, Deeded, No RV
  • Sub Condo Name: BAY COLONY SHORES
  • HOA Fees: 18801
  • HOA Fee Frequency: Annually
  • Maintenance: Cable, Internet/WiFi Access, Irrigation Water, Legal/Accounting, Manager, Recreational Facilities, Reserve, Security, Sewer, Street Lights, Street Maintenance, Trash Removal
  • Master Hoa Fee: 2944
  • Master HOA Fee Frequency: Annually
  • Development Name: PELICAN BAY

Association/Amenities

  • Pets: No Approval Needed
  • Development: Pelican Bay
  • Amenities: Beach - Private, Beach Access, Beach Club Included, Bike And Jog Path, Billiards, Clubhouse, Community Park, Community Pool, Concierge Services, Exercise Room, Fitness Center Attended, Full Service Spa, Internet Access, Private Beach Pavilion, Private Membership, Restaurant, Sidewalk, Streetlight, Tennis Court, Underground Utility
  • Community Type: Gated, Tennis
  • Units In Building: 1

Fee Information

  • Transfer Fees: 17500.00

Schools

  • Elementary School: Sea Gate Elementary
  • High School: Barron Collier High School
  • Middle School: Pine Ridge Middle School

Lot Info

  • Builder Product: No
  • Section: 33
  • Total Area: 9790
  • Waterfront: Yes
  • Acres: 0.3600
  • Rear Exposure: South
  • Lot Description: Corner, Cul-De-Sac, Irregular Shape
  • Lot Dimensions: 133 X 115 X 122 X 144
  • Parcel Number: 66674377255

Rental Info

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

Tax Info

  • Tax Description: County Only, No Homestead
  • Tax District Type: Municipal Service Tax Unit
  • Taxes: 59438.85
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2023
Closed on
Mar 8, 2024
Sold by
Pelican Bay Trust
Bought by
Banks Keith Thomas and Banks Debra Ann
Seller's Agent
Ulrich Korff
William Raveis Real Estate
Buyer's Agent
Larry Lappin
John R Wood Properties
List Price
$9,250,000
Sold Price
$7,500,000
Premium/Discount to List
-$1,750,000
-18.92%
Views
80
Current Estimated Value
$6,783,664

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$716,336
Avg. Annual Appreciation
-5.02%

Purchase Details

Closed on
Sep 1, 2009
Sold by
Mansour Pauline and Mansour Stephen P
Bought by
Esposto Eduardo

Purchase Details

Closed on
Aug 4, 2004
Sold by
Chaffee Bradley C
Bought by
Mansour Pauline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,784,000
Interest Rate
5.5%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Apr 21, 2000
Sold by
Jones David M and Jones Louise M
Bought by
Forehand Sharon J
Source: Public Records
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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
Banks Keith Thomas $7,500,000 None Listed On Document
Esposto Eduardo $5,225,000 Attorney
Mansour Pauline $2,230,000 --
Forehand Sharon J $1,825,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mansour Pauline $1,784,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2024 03/08/24 Sold $7,500,000 -15.7% $1,292 / Sq Ft
02/22/2024 02/22/24 Pending -- -- --
01/22/2024 01/22/24 Price Changed $8,900,000 -3.8% $1,533 / Sq Ft
03/03/2023 03/03/23 For Sale $9,250,000 -- $1,594 / Sq Ft
Source: Naples Area Board of REALTORS®

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 $55,104 $6,939,571 $3,071,445 $3,868,126
2024 $61,915 $5,577,293 $2,767,136 $2,810,157
2023 $61,915 $6,046,019 $0 $0
2022 $64,034 $5,496,381 $0 $0
2021 $56,010 $4,996,710 $2,416,911 $2,579,799
2020 $52,408 $4,565,255 $0 $0
2019 $46,531 $4,150,232 $1,756,173 $2,394,059
2018 $45,351 $4,026,885 $1,738,785 $2,288,100
2017 $52,723 $4,184,377 $0 $0
2016 $50,310 $3,803,979 $0 $0
2015 $46,522 $3,424,267 $0 $0
2014 $36,239 $3,112,970 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 223067642

Naples Area Board of REALTORS®

APN: 66674377255

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