NOT LISTED FOR SALE

4389 Madagascar Palm Way Naples, FL 34119

Arrowhead-Island Walk Neighborhood

Estimated Value: $696,710 - $776,000

4 Beds
3 Baths
2,006 Sq Ft
$366/Sq Ft Est. Value

Last Sold July 28, 2023

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

Est. 11% increase in value since last sale

Current estimated payment $4,718/month

38 Days on Market

Highlights

  • 24-Hour Guard
  • Two Primary Bedrooms
  • 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

Ryan Sommerville

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

INACTIVE AGENT ACCT

Last Buyer's Agent

Ryan Sommerville

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

INACTIVE AGENT ACCT

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,719

Year Built

  • Built in 2018

Lot Details

  • 10,454 Sq Ft Lot
  • North Facing Home
  • Gated Home

HOA Fees

  • $316 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener

Home Design

  • Concrete Block With Brick
  • Stucco
  • Tile

Interior Spaces

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

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Double Master Bedroom
  • 3 Full Bathrooms
  • Dual Sinks
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • Monitored
  • High Impact Door
  • Fire and Smoke Detector

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

  • Assessor Parcel Number 69020008489
  • $1,500 Seller Concession

Community Details

Overview

  • Raffia Preserve Community

Recreation

  • Community Basketball Court
  • Exercise Course

Additional Features

  • Clubhouse
  • 24-Hour Guard

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

  • Legal Description: RAFFIA PRESERVE PHASE 4 LOT 294
  • Property Type: Residential
  • Table: Residential
  • Building Design: Single Family
  • Building Description: 1 Story/Ranch
  • Storm Protection: Impact Resistant Doors, Shutters
  • Year Built: 2018
  • Property Information: 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!
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Furnished Description: Unfurnished
  • Price Per Sq Ft: 328.81
  • Total Floors: 1
  • Room Count: 6
  • Additional Rooms: Screened Lanai/Porch
  • Estimated Living Area: 2006
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Bedroom Description: First Floor Bedroom, Master BR Ground, Two Master Suites
  • Bedrooms: 4 Bed
  • Total Bedrooms: 4
  • Dining Room: Breakfast Bar, Family Dining
  • Equipment: Auto Garage Door, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator/Freezer, Self Cleaning Oven, Smoke Detector, Washer
  • Flooring: Tile
  • Floor Plan: Great Room
  • Interior Amenities: Internet Available, Pantry, Smoke Detectors
  • Kitchen: Island, Pantry
  • Primary Bathroom: 2 Masters, Combo Tub And Shower, Dual Sinks
  • Windows: Single Hung

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Tile
  • Construction: Concrete Block
  • Irrigation: Reclaimed
  • Road: County Maintained
  • View: Lake
  • Exterior Finish: Stucco

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 2
  • Parking: 2+ Spaces

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Security: Monitored Alarm, Gated, Patrolled
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Management Company Phone: 2393252225
  • Approval: Buyer
  • Management: Professional
  • Mandatory HOA: Yes
  • Sub Condo Name: RAFFIA PRESERVE
  • Maintenance: Lawn/Land Maintenance, Street Lights
  • Master Hoa Fee: 316
  • Master HOA Fee Frequency: Monthly
  • Development Name: RAFFIA PRESERVE

Association/Amenities

  • Pets: With Approval
  • Development: Raffia Preserve
  • Amenities: Basketball, Clubhouse, Exercise Room
  • Community Type: Gated
  • Units In Building: 1
  • Total Number of Units: 1

Schools

  • Elementary School: VINEYARDS EOLEMENTARY
  • Middle School: OAK RIDGE MIDDLE SCHOOL
  • High School: GULF COAST HIGH SCHOOL
  • Elementary School: Vineyards Eolementary
  • High School: Gulf Coast High School
  • Middle School: Oak Ridge Middle School

Lot Info

  • Builder Product: No
  • Lot Unit: 294
  • Section: 34
  • Total Area: 2368
  • Waterfront: No
  • Acres: 0.2400
  • Rear Exposure: North
  • Lot Description: Oversize
  • Parcel Number: 69020008489

Rental Info

  • Lease Limits: Yes
  • Leases Per Year: 1
  • Min Days Of Lease: 365

Tax Info

  • Tax Description: County Only
  • Taxes: 3718.94
  • 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
Ryan Sommerville
INACTIVE AGENT ACCT
Buyer's Agent
Ryan Sommerville
INACTIVE AGENT ACCT
List Price
$685,000
Sold Price
$659,599
Premium/Discount to List
-$25,401
-3.71%
Total Days on Market
38
Views
88
Current Estimated Value
$733,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,829
Avg. Annual Appreciation
5.81%
Original Mortgage
$461,719
Outstanding Balance
$453,138
Interest Rate
6.63%
Mortgage Type
Construction
Estimated Equity
$280,290

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

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Range of Values:

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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 -3.0% $329 / Sq Ft
06/23/2023 06/23/23 Pending -- -- --
06/08/2023 06/08/23 Price Changed $679,999 -0.7% $339 / Sq Ft
05/16/2023 05/16/23 For Sale $685,000 -- $341 / 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
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

  • R

    Seller's Agent in 2023

    Ryan Sommerville

    INACTIVE AGENT ACCT

    1 in this area

    3 Total Sales

    Section Image
See All Agents

Map

Source: Naples Area Board of REALTORS®

MLS Number: 223037555

Naples Area Board of REALTORS®

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 $733,428, approximately $365 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.

Naples Area Board of REALTORS® The source of this real property information is the copyrighted and proprietary database compilation of the M.L.S. of Naples, Inc. Copyright 2025 M.L.S. of Naples, Inc. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.

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