NOT LISTED FOR SALE

Estimated Value: $6,790,000 - $17,551,152

6 Beds
10 Baths
12,435 Sq Ft
$979/Sq Ft Est. Value

Last Sold May 01, 2017

Last sale price $17,700,000 $1,423 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $78,864/month

457 Days on Market

About This Home

As of May 2017

JUST REDUCED 1.5M...THIS HOME IS NOW COMPLETE AND CAN BE SHOWN AT YOUR CONVENIENCE.
Along the southern edge of Hidden Bay, overlooking Man-of-War Cove sits arguably the most sophisticated residence to be built in quite some time. Its safe to say the stars have aligned on this fabulous project as it awaits its would-be owner to call it home. The most serene of settings coupled with its deft design blended with expertly appointed living spaces, it is fair to say that there is a new standard for perfection in Port Royal. Its address: 3750 Rum Row. Stofft-Cooney conceived and drawn, Ficarra Design Associates skillfully enhanced and adorned, and BCB built, the home is synonymous with the highest standards Naples has come to appreciate and revere. Utilizing the western-facing site approaching an acre in size, coupled with over 170 feet of bay frontage, the design team fashioned over 9,500 square feet of masterfully executed living space (over 12,400 total under roof). With six en-suite bedrooms inclusive of the detached guesthouse, the home exudes style, sophistication and refinement.

Last Agent to Sell the Property

Thomas Gasbarro

William Raveis Real Estate License #NAPLES-249511440 Listed on: 01/19/2016

William Raveis Real Estate

Last Buyer's Agent

Linda Malone

Premier Sotheby's Int'l Realty

Premier Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Year Built

  • 2016

Lot Details

  • 0.91

Parking

  • Deeded Parking

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 12,435 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Furnished or left unfurnished upon request

Home Details

Home Type

Single Family

Year Built

2016

Lot Details

0

Listing Details

  • Legal Description: RUM ROW SECT PORT ROYAL LOT 59 + N1/2 OF LOT 58
  • Street View Param: 1$26.10437$-81.79277000000002$291.56$13.33$1.00$P2Y5k1b3-1SPzZUT3jVyuQ
  • Building Design: Single Family
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 2016

Interior Features

  • Additional Rooms: Exercise, Family Room, Great Room, Home Office, Laundry in Residence, Media Room
  • Bedroom Description: Master BR Ground
  • Dining Room: Formal
  • Elevator: Private
  • Equipment: Auto Garage Door, Cooktop, Dishwasher, Double Oven, Gas Grill, Home Automation, Microwave, Refrigerator/Icemaker, Security System, Smoke Detector, Washer
  • Floor Plan: Great Room
  • Flooring: Carpet, Marble, Wood
  • Interior Amenities: Built-In Cabinets, Cable Prewire, Closet Cabinets, Custom Mirrors, Fireplace, Foyer, Smoke Detectors, Surround Sound Wired, Tray Ceiling, Walk-In Closet
  • Kitchen: Island, Pantry
  • Primary Bathroom: Dual Sinks, Multiple Shower Heads, Separate Tub And Shower
  • Furnished Description: Furnished
  • Num Unit Floor: 1
  • Price Per Sq Ft: 1860.81
  • Total Floors: 2

Exterior Features

  • Roof: Shingle, Tile
  • Exterior Features: Built In Grill, Deck, Outdoor Fireplace, Outdoor Kitchen, Outdoor Shower, Patio, Sprinkler Auto
  • Boat Access: Boat Dock Private, Boat Lift, Concrete Dock, Dock Deeded, Dock Included, Electricity Available at Dock, Water Avail at Dock
  • Canal Width: 151-200
  • Construction: Concrete Block
  • Exterior Features: Built In Grill, Deck, Outdoor Fireplace, Outdoor Kitchen, Outdoor Shower, Patio, Sprinkler Auto
  • Exterior Finish: Stucco
  • Guest House: 1 Bath, 1 Bedroom
  • Gulf Access: No Bridge(s)
  • Irrigation: Central
  • Private Pool: Below Ground, Concrete, Custom Upgrades, Equipment Stays, Heated Electric, Negative Edge
  • Private Spa: Below Ground, Concrete, Heated Electric
  • Storm Protection: Impact Resistant Doors, Impact Resistant Windows
  • Windows: Sliding, Thermal

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 4
  • Parking: Driveway Paved

Utilities

  • Cooling: Ceiling Fans, Central Electric
  • Heating: Central Electric
  • Security: Monitored Alarm
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Amenities: Beach Access, Beach Club Available, Exercise Room, Private Membership, Tennis Court
  • Community Type: Boating
  • Approval: Buyer
  • Restrictions: Deeded
  • Sub Condo Name: PORT ROYAL

Association/Amenities

  • Units in Building: 1
  • Total Number of Units: 1
  • Pets: No Approval Needed
  • Development: Port Royal

Lot Info

  • Lot Description: Oversize
  • Rear Exposure: West
  • View: Bay
  • Waterfront: Bay, Navigable, Seawall
  • Lot Dimensions: 148 X 281 X 170 X 238
  • Section: 22
  • Total Area: 12435

Tax Info

  • Tax Description: New Construction

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2016
Closed on
May 1, 2017
Sold by
Gulfshore Development Properties Llc
Bought by
Hpw Regency Reserve Cr
Seller's Agent
Thomas Gasbarro
William Raveis Real Estate
Buyer's Agent
Linda Malone
Premier Sotheby's Int'l Realty
List Price
$22,950,000
Sold Price
$17,700,000
Premium/Discount to List
-$5,250,000
-22.88%
Current Estimated Value
$12,170,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,529,424
Avg. Annual Appreciation
-4.22%

Purchase Details

Closed on
May 20, 2014
Sold by
Sh Development Llc
Bought by
Gulfshore Development Properties Llc

Purchase Details

Closed on
Mar 23, 2012
Sold by
Altman Dwayne W and Altman Sharon J
Bought by
Bellestri Randal D

Purchase Details

Closed on
Jan 7, 2010
Sold by
Kallergis John and Kallergis Mary Jo
Bought by
Altman Dwayne W and Altman Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,160,000
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2008
Sold by
Glorch Gordon R and Glorch Ann L
Bought by
Kallergis John and Kallergis Mary Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,640,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 1998
Sold by
Chrisami L C
Bought by
Glorch Gordon R and Glorch Ann L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 22, 1997
Sold by
Brown Medford J and Brown Clarissa W
Bought by
Chrisami L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
7.56%
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
Hpw Regency Reserve Cr $17,700,000 Attorney
Gulfshore Development Properties Llc $6,900,000 Attorney
Bellestri Randal D $5,300,000 Attorney
Altman Dwayne W $5,200,000 Attorney
Kallergis John $5,200,000 First Title Of Naples Inc
Glorch Gordon R $2,150,000 --
Chrisami L C $1,800,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Altman Dwayne W $4,160,000
Previous Owner Kallergis John $3,640,000
Previous Owner Glorch Gordon R $1,000,000
Previous Owner Chrisami L C $1,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/01/2017 05/01/17 Sold $17,700,000 -11.3% $1,423 / Sq Ft
04/20/2017 04/20/17 Pending -- -- --
02/14/2017 02/14/17 Price Changed $19,950,000 -7.2% $1,604 / Sq Ft
01/06/2017 01/06/17 Price Changed $21,495,000 -6.3% $1,729 / Sq Ft
01/19/2016 01/19/16 For Sale $22,950,000 +302.6% $1,846 / Sq Ft
10/15/2012 10/15/12 Sold $5,700,000 0.0% $980 / Sq Ft View Prior Sale
09/15/2012 09/15/12 Pending -- -- --
05/25/2012 05/25/12 For Sale $5,700,000 -- $980 / 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 $183,443 $20,974,126 -- --
2024 $194,320 $19,067,387 -- --
2023 $194,320 $17,333,988 $0 $0
2022 $179,465 $15,758,171 $0 $0
2021 $147,001 $14,325,610 $8,276,748 $6,048,862
2020 $144,605 $14,244,648 $8,367,702 $5,876,946
2019 $161,453 $14,806,098 $0 $0
2018 $137,889 $13,460,089 $8,065,090 $5,394,999
2017 $129,018 $12,426,141 $0 $0
2016 $67,210 $6,496,199 $0 $0
2015 $69,591 $6,542,607 $0 $0
2014 $61,535 $5,716,930 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 216004706

Naples Area Board of REALTORS®

APN: 17411920005