NOT LISTED FOR SALE

Estimated Value: $1,233,150 - $1,319,000

3 Beds
2 Baths
1,630 Sq Ft
$788/Sq Ft Est. Value

Last Sold February 26, 2019

Last sale price $600,000 $368 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $8,314/month

163 Days on Market

Highlights

  • 80 Feet of Waterfront
  • Water access To Gulf or Ocean
  • Boat Slip Deeded
  • White Water Ocean Views
  • Dock made with wood
  • Boat Lift

About This Home

As of February 2019

Palm Island Boaters Paradise! This 3 bedroom, 2 bath meticulously maintained, one owner home is perfectly situated close to the Intracoastal Waterway & Lemon Bay and offers easy, deep water access with no bridges to the Gulf of Mexico. If you want to be on the open water in under a minute, this could be the home for you as it affords sufficient depth for both sailboats & larger motor yachts and has an existing 6,000 lift. You will appreciate the open floor plan offering a wood burning fireplace, extra large screened back porch facing the water, wrap-a-round porch, hurricane shutters, hardy board siding and a huge pavered deck below offering extra entertaining space along with a large storage room & secured golf cart parking. The master bedroom has french doors which open to the back lanai so you can enjoy the fresh breeze coming off the water. Palm Island offers a relaxing lifestyle whether you still work a 9 to 5 or are enjoying retirement at its finest. You will still experience all of the conveniences of modern day, including a car ferry which travels across the ICW constantly in just minutes but you will meet nature as it should be with miles of quiet beaches littered with shells to sea life including dolphins, manatees & sea turtles who nest each summer on our beaches. Come visit this piece of Paradise and see what island living can do for you.

Last Agent to Sell the Property

Courtney Defilippis

PARADISE EXCLUSIVE INC License #3127856 Listed on: 08/02/2018

PARADISE EXCLUSIVE INC

Last Buyer's Agent

John Harms

MICHAEL SAUNDERS & CO. - BOCA License #3082212

MICHAEL SAUNDERS & CO. - BOCA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,235

Year Built

  • Built in 1999

Lot Details

  • 10,000 Sq Ft Lot
  • 80 Feet of Waterfront
  • Property fronts a saltwater canal
  • Public Beach
  • Northwest Facing Home
  • Mature Landscaping
  • Level Lot
  • Flag Lot
  • Property is zoned BBI

Property Views

  • White Water Ocean
  • Intracoastal
  • Canal

Home Design

  • Stilt Home
  • Custom Home
  • Key West Architecture
  • Elevated Home
  • Wood Frame Construction
  • Metal Roof
  • Siding
  • Pile Dwellings

Interior Spaces

  • 1,630 Sq Ft Home
  • Ceiling Fan
  • Wood Burning Fireplace
  • Blinds
  • French Doors
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Inside Utility
  • Hurricane or Storm Shutters

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Linoleum
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Carport Spaces
  • Workshop in Garage
  • Driveway
  • Parking Garage Space
  • Golf Cart Parking

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Access To Lagoon or Estuary
  • No Fixed Bridges
  • Access to Saltwater Canal
  • Dock has access to water
  • Boat Lift
  • Boat Slip Deeded
  • Dock made with wood
  • Deck
  • Wrap Around Porch
  • Screened Patio
  • Exterior Lighting
  • Separate Outdoor Workshop
  • Outdoor Storage

Location

  • Flood Zone Lot

Schools

  • Vineland Elementary School
  • L.A. Ainger Middle School
  • Lemon Bay High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet
  • Phone Available

Community Details

  • Property has a Home Owners Association
  • Palm Island Estates Community
  • Palm Island Estates Unit 3 Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,235

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom, Elevated, Key West
  • Construction Materials: Siding, Wood Frame
  • Fireplace: Yes
  • Living Area: 1630
  • Lot Size Acres: 0.23
  • New Construction: No
  • Year Built: 1999
  • Building Area Total: 2705
  • Lot Size Sq Ft: 10000
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=D6101722&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=D6101722&cview=true&show_results=true&customer_portal=true
  • FCHR URL: No
  • Homestead Y N: Yes
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Property Description: Elevated, Stilt Home
  • Ratio: Close Price\List Price: 0.88365
  • Price per Sq Ft: 368.1
  • Close to Original List Price Ratio: 0.88365
  • Ratio: Current Price\Building Area Total: 221.81
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Living Room, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Linoleum
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Kitchen/Family Room Combo, Window Treatments
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 3
  • Window Features: Blinds
  • Room Count: 7
  • Additional Rooms: Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Northwest
  • Other Structures: Storage, Workshop
  • Exterior Features: French Doors, Hurricane Shutters, Lighting, Storage
  • Roof: Metal
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Enclosed, Front Porch, Porch, Rear Porch, Screened, Wrap Around
  • Water View: Bay/Harbor - Full, Canal, Intracoastal Waterway
  • Water Access: Bay/Harbor, Beach - Public, Canal - Saltwater, Gulf/Ocean, Gulf/Ocean to Bay, Intracoastal Waterway, Lagoon
  • Water Extras: Bridges - No Fixed Bridges, Dock - Slip Deeded On-Site, Dock - Wood, Dock w/Electric, Dock w/Water Supply, Lift, Sailboat Water
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12015C0352F
  • Waterfront Frontage: 80
  • Water Frontage Feet Canal Salt: 80
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Covered, Driveway, Golf Cart Parking, Under Building, Workshop in Garage
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Electricity Connected, Phone Available, Water Available
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside, Laundry Room
  • Sewer: Septic Tank
  • Water Source: Private
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Association Fee Requirement: Optional
  • Association Approval Required YN: No

Schools

  • Elementary School: Vineland Elementary
  • High School: Lemon Bay High
  • Middle Or Junior School: L.A. Ainger Middle

Lot Info

  • Zoning: BBI
  • Parcel Number: 412028376004
  • Additional Parcels: No
  • Lot Features: Flag Lot, FloodZone, In County, Level
  • Flood Zone Code: AE
  • Flood Zone Date: 2003-05-05
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Negotiable
  • Pets Allowed: Yes
  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 7235
  • Tax Block: J
  • Tax Book Number: 6-4
  • Tax Lot: 26

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 15, 2023
Sold by
Petersen Daniel J and Petersen Lynne T
Bought by
Gallo De La Isla Llc
Current Estimated Value
$1,284,717

Purchase Details

Listed on
Aug 2, 2018
Closed on
Feb 26, 2019
Sold by
Smith Edward W and Smith Pamela J
Bought by
Petersen Daniel J and Petersen Lynne T
Seller's Agent
Courtney Defilippis
PARADISE EXCLUSIVE INC
Buyer's Agent
John Harms
MICHAEL SAUNDERS & CO. - BOCA
List Price
$679,000
Sold Price
$600,000
Premium/Discount to List
-$79,000
-11.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.77%
Original Mortgage
$420,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 1997
Sold by
Guzman Manuel
Bought by
Smith Edward W and Smith Pamela J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gallo De La Isla Llc $1,490,000 None Listed On Document
Petersen Daniel J $600,000 Attorney
Smith Edward W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Petersen Daniel J $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2019 02/26/19 Sold $600,000 -11.6% $368 / Sq Ft
01/11/2019 01/11/19 Pending -- -- --
08/01/2018 08/01/18 For Sale $679,000 -- $417 / Sq Ft
Source: Stellar MLS

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 $19,237 $1,053,453 $238,000 $815,453
2023 $11,480 $614,775 $0 $0
2022 $11,048 $596,869 $0 $0
2021 $11,064 $579,484 $0 $0
2020 $10,845 $564,744 $163,200 $401,544
2019 $7,969 $406,089 $0 $0
2018 $7,521 $398,517 $0 $0
2017 $7,235 $390,320 $0 $0
2016 $7,214 $381,367 $0 $0
2015 $6,322 $378,716 $0 $0
2014 $6,326 $375,710 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: D6101722

Stellar MLS

APN: 412028376004