NOT LISTED FOR SALE

4705 Palm Tree Blvd Unit 1-2 Cape Coral, FL 33904

Bimini Basin Neighborhood

Estimated Value: $358,051 - $644,000

5 Beds
4 Baths
2,683 Sq Ft
$174/Sq Ft Est. Value

Last Sold June 06, 2019

Last sale price $210,222 $78 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $2,986/month

103 Days on Market

Highlights

  • Community Beach Access
  • Boat Dock
  • Tile Flooring
  • Cape Elementary School Rated A-
  • Shops
  • Central Heating and Cooling System

About This Home

As of June 2019

2683 square feet with 5 bedrooms and 4 baths. Very solid house in a great location. Walk to downtown Cape Coral with restaurants, clubs and festivals. Live in one side and collect rent from the other. The right side, 3 bedroom unit has updated features and a great tenant in place paying below market rent. Newer Pella double pane windows. Newer hot water heaters. Roof is 2005 per owner. Replaced in hurricane emergency situation without a permit. SELLER FINANCING AVAILABLE at market rate for up to 5 years with at least 25% down.

Last Agent to Sell the Property

Patrick Mulcahy

Realty One Group MVP License #596509449 Listed on: 02/07/2019

Last Buyer's Agent

Derek DeSantis

Compass Florida LLC License #258020071

Compass Florida LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,419

Year Built

  • Built in 1977

Lot Details

  • 10,088 Sq Ft Lot
  • Lot Dimensions are 80 x 125 x 80 x 125

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,683 Sq Ft Home
  • 1-Story Property
  • Double Hung Windows

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for cable TV
  • Legal Lot and Block 3 / 286
  • Assessor Parcel Number 12-45-23-C3-00286.0030

Community Details

Overview

  • 2 Units
  • Cape Coral Subdivision

Amenities

  • Shops
  • Restaurant

Recreation

  • Boat Dock
  • Pier or Dock
  • Community Beach Access
  • Dog Park

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $6,000
  • Net Operating Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,419

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2316
  • Lot Size: 80 x 125 x 80 x 125
  • Road Surface Type: Paved
  • Subdivision Name: CAPE CORAL
  • Architectural Style: Ranch, One Story
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built: 1977
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Flooring: Carpet, Tile
  • Window Features: Double Hung

Exterior Features

  • Lot Features: See Remarks
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: See Remarks
  • Construction Type: Block, Concrete, Stucco
  • Other Structures: Outbuilding
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid, Public Sewer
  • Water Source: Assessment Paid, Public

Condo/Co-op/Association

  • Community Features: Non-Gated, Shopping
  • Amenities: Beach Rights, Boat Dock, Beach Access, Dog Park, Pier, Restaurant, Sidewalks
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 12-45-23-C3-00286.0030
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Number Of Units Total: 2
  • Property Net Operating Income: 18000.0
  • Annual Operating Expense: 6000.0

Tax Info

  • Tax Annual Amount: 3419.0
  • Tax Block: 286
  • Tax Lot: 3
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2019
Closed on
Jun 7, 2019
Sold by
Gaeta Peter G
Bought by
Sarao Daniel J and Sarao Paulina
Seller's Agent
Patrick Mulcahy
Realty One Group MVP
Buyer's Agent
Derek DeSantis
Compass Florida LLC
List Price
$229,900
Sold Price
$210,222
Premium/Discount to List
-$19,678
-8.56%
Current Estimated Value
$466,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,791
Avg. Annual Appreciation
13.29%
Original Mortgage
$157,500
Outstanding Balance
$138,759
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$327,254

Purchase Details

Closed on
Apr 20, 2010
Sold by
Financial Managers Inc
Bought by
Gaeta Peter G

Purchase Details

Closed on
Nov 13, 2009
Sold by
Dawson Keith Alan
Bought by
Financial Managers Inc

Purchase Details

Closed on
Jun 14, 2000
Sold by
Dawson Alan D
Bought by
Dawson Alan D and Dawson Keith Alan

Purchase Details

Closed on
Feb 29, 2000
Sold by
Bollinger Robert E and Bollinger Elizabeth H
Bought by
Dawson Alan D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,750
Interest Rate
8.29%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Sarao Daniel J $210,000 Agent Title Services Llc
Gaeta Peter G $88,000 Palm Title Associates Inc
Financial Managers Inc $68,100 None Available
Dawson Alan D $12,500 --
Dawson Alan D $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sarao Daniel J $157,500
Previous Owner Dawson Alan D $69,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2019 06/06/19 Sold $210,222 -8.6% $78 / Sq Ft
05/22/2019 05/22/19 Pending -- -- --
02/07/2019 02/07/19 For Sale $229,900 -- $86 / 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 $6,271 $336,530 -- --
2024 $5,906 $305,936 -- --
2023 $5,906 $278,124 $0 $0
2022 $3,840 $201,576 $0 $0
2021 $3,410 $199,822 $46,000 $153,822
2020 $3,425 $179,262 $25,000 $154,262
2019 $3,821 $173,614 $25,000 $148,614
2018 $3,588 $156,662 $25,000 $131,662
2017 $3,419 $153,413 $16,700 $136,713
2016 $3,077 $127,280 $17,102 $110,178
2015 $2,832 $111,902 $15,689 $96,213
2014 $2,613 $98,303 $14,011 $84,292
2013 -- $85,997 $8,980 $77,017
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2019

    Patrick Mulcahy

    Realty One Group MVP

    (239) 443-1091

    1 in this area

    16 Total Sales

    Patrick Mulcahy
    Section Image
  • Derek DeSantis

    Buyer's Agent in 2019

    Derek DeSantis

    Compass Florida LLC

    (239) 245-4597

    85 Total Sales

    Derek DeSantis
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 219011329

Florida Gulf Coast Multiple Listing Service

APN: 12-45-23-C3-00286.0030

Florida Lee County Cape Coral 33904 Bimini Basin

4705 Palm Tree Blvd Unit 1-2, Cape Coral, FL

This home is located at 4705 Palm Tree Blvd Unit 1-2, Cape Coral, FL 33904 since 07 February 2019 and is currently estimated at $466,013, approximately $173 per square foot. This property was built in 1977. 4705 Palm Tree Blvd Unit 1-2 is a home located in Lee County with nearby schools including Cape Elementary School, Caloosa Elementary School, and Tropic Isles Elementary 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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