NOT LISTED FOR SALE

429 Lake Murex Cir Sanibel, FL 33957

Estimated Value: $798,000 - $959,000

3 Beds
2 Baths
1,258 Sq Ft
$696/Sq Ft Est. Value

Last Sold July 01, 2021

Last sale price $740,000 $588 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,236/month

20 Days on Market

Highlights

  • Lake Front
  • Subterranean Parking
  • 2 Car Attached Garage
  • Sanibel Elementary School Rated A-
  • Porch
  • Impact Glass

About This Home

As of July 2021

Don’t miss the opportunity to own this delightful, lake front home in Lake Murex. Located at the front section of the neighborhood, this home is truly just steps to the beach. Lake Murex is a favorite neighborhood among islanders and famous for beautiful lakes, wildlife and quiet island living. One of the most beautiful beaches on Sanibel is directly across West Gulf Drive with beach access. This ground level home features 3 bedrooms, 2 baths, lovely kitchen opening to living area with lake views. 2nd guest bedroom and an updated guest bath. Master bedroom has lovely lake views with en-suite bath. The third guest bedroom could also be used for a home office with lake and wildlife views while you are working. Upgrades include new stainless refrigerator and dishwasher in 2020, totally repainted inside with soothing, coastal colors, rebuilt irrigation with new sod and new color plants added. House remodeled in 2007 with new windows that were code at that time.

Last Agent to Sell the Property

Teresa Baker

Royal Shell Real Estate, Inc. License #280596709 Listed on: 05/11/2021

Royal Shell Real Estate, Inc.

Co-Listed By

Lynda Traverso

VIP Realty Sanibel and Captiva License #280500085

Last Buyer's Agent

Jeffrey Burns

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,793

Year Built

  • Built in 1974

Lot Details

  • 0.69 Acre Lot
  • Lot Dimensions are 93 x 317 x 95 x 323
  • Lake Front
  • South Facing Home

HOA Fees

  • $3 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Metal Roof
  • Stucco

Interior Spaces

  • 1,258 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Sliding Windows
  • Combination Dining and Living Room
  • Lake Views

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Home Security

  • Impact Glass
  • High Impact Door

Outdoor Features

  • Screened Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • High Speed Internet

Community Details

  • Association Phone (239) 579-0137
  • Lake Murex Subdivision

Listing and Financial Details

  • Legal Lot and Block 87 / 500
  • Assessor Parcel Number 27-46-22-T4-00500.0870

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,793

Year Built

Built in 1974

Lot Details

0

HOA Fees

$3 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.69
  • Lot Size: 93 x 317 x 95 x 323
  • Co List Office Mls Id: VIPR07
  • Co List Office Phone: (239) 472-5187
  • Ownership: Single Family
  • Subdivision Name: LAKE MUREX
  • Architectural Style: Ranch, One Story
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: Yes
  • Building Stories: 1
  • Year Built: 1974
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Dryer, Dishwasher, Electric Cooktop, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet, See Remarks, Tile
  • Interior Amenities: High Speed Internet, Living/Dining Room, Tub Shower
  • Living Area: 1258.0
  • Stories: 1
  • Window Features: Sliding, Impact Glass
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: See Remarks
  • Pool Private: No
  • View: Lake
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: South
  • Exterior Features: Security/High Impact Doors, Room For Pool
  • Patio And Porch Features: Porch, Screened
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Driveway, Underground, Garage, Paved, Two Spaces

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: None
  • Association #2 Fee: 35.0
  • Association #2 Fee Frequency: Annually
  • Phone: 239-579-0137
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: None

Lot Info

  • Parcel #: 27-46-22-T4-00500.0870
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 4793.0
  • Tax Block: 500
  • Tax Lot: 87
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2021
Closed on
Jul 1, 2021
Sold by
Jones Thomas D and Franks Lisa Koella
Bought by
Tateosian Gary T and Tateosian Lisa L
Seller's Agent
Teresa Baker
Royal Shell Real Estate, Inc.
Buyer's Agent
Jeffrey Burns
List Price
$749,500
Sold Price
$740,000
Premium/Discount to List
-$9,500
-1.27%
Current Estimated Value
$876,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,100
Avg. Annual Appreciation
4.12%
Original Mortgage
$540,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2018
Sold by
Jones Thomas D
Bought by
Jones Thomas D and Franks Lisa Koella

Purchase Details

Closed on
Mar 7, 2018
Sold by
Finn Lori
Bought by
Jones Thomas D

Purchase Details

Closed on
Jun 26, 2012
Sold by
Jones Thomas D
Bought by
Jones Thomas D and Finn Lori

Purchase Details

Closed on
Sep 12, 2007
Sold by
Jones Thomas D and Bechtold Paul J
Bought by
Jones Thomas D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 29, 2007
Sold by
Custer Nellie P and Custer Leo L
Bought by
Jones Thomas D and Bechtold Paul J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,540
Interest Rate
9.95%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Tateosian Gary T $740,000 Knight Barry Title Sln Inc
Jones Thomas D $200,000 Attorney
Jones Thomas D $200,000 Attorney
Jones Thomas D -- None Available
Jones Thomas D $212,700 None Available
Jones Thomas D $372,400 Barrier Island Title Service
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tateosian Gary T $500,000
Closed Tateosian Gary T $540,000
Previous Owner Jones Thomas D $399,797
Previous Owner Jones Thomas D $75,000
Previous Owner Jones Thomas D $316,540
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2021 07/01/21 Sold $740,000 -1.3% $588 / Sq Ft
06/01/2021 06/01/21 Pending -- -- --
05/11/2021 05/11/21 For Sale $749,500 -- $596 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

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
2024 $5,951 $424,618 -- --
2023 $5,951 $386,016 $386,006 $10
2022 $9,851 $693,528 $318,367 $375,161
2021 $4,829 $423,516 $261,600 $161,916
2020 $4,793 $343,567 $0 $0
2019 $4,698 $335,843 $0 $0
2018 $4,693 $329,581 $0 $0
2017 $4,685 $322,802 $0 $0
2016 $4,657 $380,717 $254,000 $126,717
2015 $4,734 $366,402 $254,000 $112,402
2014 -- $340,295 $220,800 $119,495
2013 -- $314,090 $217,100 $96,990
Source: Public Records

Agents Affiliated with this Home

  • Teresa Baker

    Seller's Agent in 2021

    Teresa Baker

    Royal Shell Real Estate, Inc.

    (239) 233-6364

    103 in this area

    113 Total Sales

    Teresa Baker
    Section Image

  • L

    Seller Co-Listing Agent in 2021

    Lynda Traverso

    VIP Realty Sanibel and Captiva

    Section Image

  • J

    Buyer's Agent in 2021

    Jeffrey Burns

  • Jeff Burns

    Buyer's Agent in 2021

    Jeff Burns

    Premier Sotheby's Int'l Realty

    (239) 464-2984

    272 in this area

    386 Total Sales

    Jeff Burns
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 221035350

Florida Gulf Coast Multiple Listing Service

APN: 27-46-22-T4-00500.0870

Florida Lee County Sanibel 33957

429 Lake Murex Cir, Sanibel, FL

This home is located at 429 Lake Murex Cir, Sanibel, FL 33957 since 11 May 2021 and is currently estimated at $876,100, approximately $696 per square foot. This property was built in 1974. 429 Lake Murex Cir 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.

Florida Gulf Coast Multiple Listing Service The information is being provided by Southwest Florida Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service. All Rights Reserved

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