NOT LISTED FOR SALE

4389 Madagascar Palm Way Naples, FL 34119

Arrowhead-Island Walk Neighborhood

Estimated Value: $668,276 - $746,000

4 Beds
3 Baths
2,006 Sq Ft
$345/Sq Ft Est. Value

Last Sold July 28, 2023

Last sale price $659,599 $329 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,479/month

43 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Clubhouse
  • Vineyards Elementary School Rated A
  • Lake View
  • Great Room

About This Home

As of July 2023

You don't want to miss this well-maintained home in the very desirable and family friendly neighborhood of Raffia Preserve! This open concept 4-bedroom, 3 full bath home is set back on an oversized lot with a lake view at the end of a quiet cul-de-sac. This home boasts upgraded tile and cabinets, as well as granite countertops throughout, stainless steel appliances and an oversized pantry. There is plenty of space to entertain in the spacious living room and dining area. The primary bedroom has two walk-in closets, a tiled shower and a soaking tub. There is also a second bedroom with an en suite bath. The other two bedrooms share the third full bath. The home has an oversized driveway and yard, perfect for adding a pool. The furniture is negotiable with sale. HOA includes lawn maintenance, club house gym, a gorgeous pool, playground, basketball courts, and several social events for adults and families. This is a don’t miss opportunity to own a beautiful home in a wonderful neighborhood!

Last Agent to Sell the Property

Kenneth Sommerville

INACTIVE AGENT ACCT License #249524167 Listed on: 05/16/2023

Last Buyer's Agent

Kenneth Sommerville

INACTIVE AGENT ACCT License #249524167 Listed on: 05/16/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,719

Year Built

  • Built in 2018

Lot Details

  • 10,454 Sq Ft Lot
  • South Facing Home
  • Oversized Lot

HOA Fees

  • $316 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

  • 2,006 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Shutters
  • Single Hung Windows
  • Great Room
  • Open Floorplan
  • Screened Porch
  • Tile Flooring
  • Lake Views

Kitchen

  • Breakfast Bar
  • Self-Cleaning Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Dual Sinks
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Home Security

  • Burglar Security System
  • Security Gate
  • High Impact Door
  • Fire and Smoke Detector

Outdoor Features

  • Screened Patio

Schools

  • Vineyards Eolementary Elementary School
  • Oak Ridge Middle School
  • Gulf Coast High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 294
  • Assessor Parcel Number 69020008489

Community Details

Overview

  • Association fees include ground maintenance, street lights
  • Association Phone (239) 325-2225
  • Raffia Preserve Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Basketball Court
  • Fitness Center

Security

  • Security Guard
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,719

Year Built

Built in 2018

Lot Details

0

HOA Fees

$316 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.24
  • Ownership: Single Family
  • Subdivision Name: RAFFIA PRESERVE
  • Architectural Style: Ranch, One Story
  • Carport Y N: No
  • Garage Yn: Yes
  • Building Stories: 1
  • Year Built: 2018
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Dryer, Dishwasher, Freezer, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Flooring: Tile
  • Interior Amenities: Breakfast Bar, Bedroom on Main Level, Dual Sinks, Family/Dining Room, Kitchen Island, Living/Dining Room, Main Level Primary, Multiple Primary Suites, Pantry, Tub Shower
  • Living Area: 2006.0
  • Dining Room Type: Screened Porch, Great Room
  • Stories: 1
  • Window Features: Single Hung, Shutters

Exterior Features

  • Lot Features: Oversized Lot
  • Pool Private: No
  • View: Lake
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: South
  • Exterior Features: Security/High Impact Doors, None
  • Patio And Porch Features: Lanai, Porch, Screened
  • Property Condition: Resale
  • Roof: Tile

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Two Spaces, Garage Door Opener

Utilities

  • Security: Burglar Alarm (Monitored), Security System, Security Gate, Gated Community, Security Guard, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gated
  • Amenities: Basketball Court, Clubhouse, Fitness Center, Management
  • Association Fee: 316.0
  • Association Fee Frequency: Monthly
  • Phone: 2393252225
  • Association: Yes
  • Pets Allowed: Call, Conditional

Fee Information

  • Association Fee Includes: Maintenance Grounds, Street Lights

Schools

  • Elementary School: VINEYARDS EOLEMENTARY
  • High School: GULF COAST HIGH SCHOOL
  • Middle Or Junior School: OAK RIDGE MIDDLE SCHOOL

Lot Info

  • Parcel #: 69020008489

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 3718.94
  • Tax Lot: 294
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2023
Closed on
Jul 28, 2023
Sold by
Penrod Christopher M and Penrod Shannon M
Bought by
Mcternan James and Mcternan Roseann
Seller's Agent
Kenneth Sommerville
INACTIVE AGENT ACCT
Buyer's Agent
Kenneth Sommerville
INACTIVE AGENT ACCT
List Price
$685,000
Sold Price
$659,599
Premium/Discount to List
-$25,401
-3.71%
Views
88
Current Estimated Value
$692,819

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,220
Avg. Annual Appreciation
2.31%
Original Mortgage
$461,719
Outstanding Balance
$450,841
Interest Rate
6.63%
Mortgage Type
Construction
Estimated Equity
$241,978

Purchase Details

Closed on
Jul 31, 2018
Sold by
Wci Communities Llc
Bought by
Penrod Christopher M and Penrod Shannon M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Mcternan James $659,599 None Listed On Document
Penrod Christopher M $388,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcternan James $461,719
Previous Owner Penrod Christopher M $338,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2023 07/28/23 Sold $659,599 -3.7% $329 / Sq Ft
06/28/2023 06/28/23 Pending -- -- --
05/16/2023 05/16/23 For Sale $685,000 -- $341 / 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
2025 $6,062 $616,206 $250,906 $365,300
2024 $3,643 $576,577 $230,834 $345,743
2023 $3,643 $368,739 $0 $0
2022 $3,719 $357,999 $0 $0
2021 $3,746 $347,572 $0 $0
2020 $3,658 $342,773 $85,481 $257,292
2019 $3,770 $350,750 $0 $0
2018 $886 $59,179 $59,179 $0
2017 $678 $59,179 $59,179 $0
2016 $397 $34,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    Kenneth Sommerville

    INACTIVE AGENT ACCT

See All Agents

Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 223037555

Florida Gulf Coast Multiple Listing Service

APN: 69020008489

Florida Collier County Naples 34119 Arrowhead-Island Walk

4389 Madagascar Palm Way, Naples, FL

This home is located at 4389 Madagascar Palm Way, Naples, FL 34119 since 16 May 2023 and is currently estimated at $692,819, approximately $345 per square foot. This property was built in 2018. 4389 Madagascar Palm Way is a home located in Collier County with nearby schools including Vineyards Elementary School, Oakridge Middle School, and Barron Collier 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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