$2,400,000
SOLD JUN 23, 2022

The Terraces 4751 Gulf Shore Blvd N Unit 1606 Naples, FL 34103

Park Shore Neighborhood
2 Beds
2 Baths
1,614 Sq Ft
$1,442/mo HOA Fee

Recently Sold

$1,487 Per Sq Ft

20% Below List Price

56 Days on Market

Highlights

  • Beach Front
  • Community Beach Access
  • Ocean To Bay Views
  • Sea Gate Elementary School Rated A
  • Leased Dock
  • Sauna

About This Home

As of June 2022

Direct western gulf views sparkle from this well appointed two-bedroom unit in the Terraces. Custom crown molding, a neutral color palette, open kitchen facing the Gulf and spacious master and guest room make this a perfect beach getaway. The sprawling 28ft covered balcony will have residents enjoying the gulf breeze and impressive vistas from dawn to dusk. Terraces one of Park Shore’s more recognizable high rise with a modern design, freshly updated lobby and a myriad of amenities to include resort like pool, beach chair & kayak storage, 24-hour security, fitness center and more, all just a short stroll the gourmet shopping and dining in the Venetian Village. Residents will also enjoy the opportunity to lease or purchase a boat slip in the Venetian Village yacht club.

Last Agent to Sell the Property

Michael Lawler

Douglas Elliman Florida,LLC Listed on: 03/01/2022

Douglas Elliman Florida,LLC

Last Buyer's Agent

Margaret Ives

Premier Sotheby's Int'l Realty

Premier Sotheby's Int'l Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,844

Year Built

  • Built in 1986

Lot Details

  • Beach Front
  • Property fronts gulf or ocean
  • Property Fronts a Bay or Harbor
  • West Facing Home

HOA Fees

  • $1,442 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Property Views

  • Ocean To Bay
  • Bay
  • Gulf

Home Design

  • Entry on the 16th floor
  • Turnkey
  • Flat Roof Shape
  • Concrete Block With Brick
  • Metal Construction or Metal Frame
  • Stucco

Interior Spaces

  • 1,614 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Shutters
  • Picture Window
  • Combination Dining and Living Room

Kitchen

  • Breakfast Bar
  • Self-Cleaning Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Built-In or Custom Kitchen Cabinets

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Built-In Bedroom Cabinets
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Shower Only

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Leased Dock
  • Screened Balcony

Schools

  • Sea Gate Elementary School
  • Gulfview Middle School
  • Naples High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 20385001801

Community Details

Overview

  • 116 Units
  • High-Rise Condominium
  • Terraces At Park Shore Condos

Amenities

  • Community Barbecue Grill
  • Sauna
  • Elevator
  • Bike Room

Recreation

  • Community Beach Access
  • Exercise Course
  • Community Pool

Pet Policy

  • Pets up to 25 lbs
  • Call for details about the types of pets allowed
  • 1 Pet Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,844

Year Built

Built in 1986

Lot Details

0

HOA Fees

$1,442 per month

Parking

1

Listing Details

  • Legal Description: TERRACES, THE A CONDOMINIUM UNIT 1606
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.205434$-81.814387$210.84$13.33$1.00$wsOHqsGzit83b4kYU8ksNg
  • Building Design: High Rise (8+)
  • Storm Protection: Shutters - Manual
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Furnished Description: Turnkey
  • Num Unit Floor: 16
  • Price Per Sq Ft: 1486.99
  • Total Floors: 1
  • Additional Rooms: Guest Bath, Guest Room, Laundry in Residence, Screened Balcony
  • Estimated Living Area: 1614
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 2 Bed
  • Total Bedrooms: 2
  • Dining Room: Breakfast Bar, Living Dining
  • Elevator: Common
  • Equipment: Cooktop - Electric, Dishwasher, Dryer, Microwave, Refrigerator/Freezer, Refrigerator/Icemaker, Self Cleaning Oven, Smoke Detector, Washer, Wine Cooler
  • Flooring: Carpet, Tile
  • Floor Plan: Split Bedrooms
  • Interior Amenities: Built-In Cabinets, Closet Cabinets, Foyer, Pantry, Walk-In Closet
  • Kitchen: Pantry
  • Primary Bathroom: Dual Sinks, Shower Only
  • Windows: Picture

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Built-Up Or Flat
  • Construction: Concrete Block, Metal Frame
  • Boat Access: Dock Lease, Dock Purchase
  • View: Bay, Gulf, Gulf and Bay
  • Exterior Finish: Stucco
  • Waterfront Type: Bay, Gulf Frontage, On the Gulf Beach

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 1

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Approval: Application Fee
  • Management: Condo
  • Mandatory HOA: No
  • Restrictions: Limited Number Vehicles
  • Sub Condo Name: TERRACES AT PARK SHORE
  • Condo Fees: 4325
  • Condo Fee Frequency: Quarterly
  • Maintenance: Insurance, Manager, Pest Control Exterior, Reserve, Sewer, Street Lights, Street Maintenance, Trash Removal

Association/Amenities

  • Pets: Limits
  • Pets Limit Max Number: 1
  • Pets Limit Max Weight: 25
  • Development: Park Shore
  • Amenities: BBQ - Picnic, Beach Access, Bike Storage, Community Pool, Community Room, Exercise Room, Guest Room, Sauna, Sidewalk, Streetlight
  • Community Type: Non-Gated
  • Units In Building: 116
  • Total Number of Units: 116

Fee Information

  • Application Fee: 150.00

Schools

  • Elementary School: SEA GATE ELEMENTARY
  • Middle School: GULFVIEW MIDDLE SCHOOL
  • High School: NAPLES HIGH SCHOOL
  • Elementary School: Sea Gate Elementary
  • High School: Naples High School
  • Middle School: Gulfview Middle School

Lot Info

  • Builder Product: No
  • Lot Unit: 1606
  • Section: 16
  • Total Area: 1838
  • Waterfront: Yes
  • Rear Exposure: West
  • Lot Description: Zero Lot Line
  • Parcel Number: 20385001801

Rental Info

  • Lease Limits: Yes
  • Leases Per Year: 2
  • Min Days Of Lease: 90

Tax Info

  • Tax Description: City And County, No Homestead
  • Taxes: 9844.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2023
Sold by
Traut Donald L
Bought by
Donald Leroy Traut Revocable Living Trust and Traut

Purchase Details

Listed on
Mar 1, 2022
Closed on
Jun 23, 2022
Sold by
Tina L Erdbruegger Revocable Trust
Bought by
Traut Donald L
Seller's Agent
Michael Lawler
Douglas Elliman Florida,LLC
Buyer's Agent
Margaret Ives
Premier Sotheby's Int'l Realty
List Price
$2,995,000
Sold Price
$2,400,000
Premium/Discount to List
-$595,000
-19.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.62%
Original Mortgage
$1,800,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2021
Sold by
Erdbruegger Dwight D and Erdbruegger Tina L
Bought by
Tina L Erdbruegger Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
2.27%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 19, 2014
Closed on
Dec 19, 2014
Sold by
Gates Richard D and Gates Jean P
Bought by
Erdbruegger Dwight D and Erdbruegger Tina L
Seller's Agent
Michael Lawler
Douglas Elliman Florida,LLC
Buyer's Agent
Shannon Lefevre
John R Wood Properties
List Price
$1,195,000
Sold Price
$1,180,000
Premium/Discount to List
-$15,000
-1.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.60%
Original Mortgage
$700,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 14, 2006
Sold by
Gates Richard D
Bought by
Gates Richard D

Purchase Details

Closed on
Apr 30, 2004
Sold by
Martin Thomas A and Martin Vicki L
Bought by
Gates Richard D

Purchase Details

Closed on
Nov 13, 1997
Sold by
Mckinney Jeanne Anne Medlin
Bought by
Martin Thomas A and Martin Vicki L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,000
Interest Rate
7.27%

Purchase Details

Closed on
May 31, 1996
Sold by
Cofone Joseph A and Cofone Gina G V
Bought by
Mckinney Roger and Mckinney Jeanne
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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed $2,400,000 Bond Schoeneck & King Pllc
Quit Claim Deed -- Nirvana Title
Warranty Deed $1,180,000 Attorney
Interfamily Deed Transfer -- None Available
Warranty Deed $785,000 First Fidelity Title Inc
Warranty Deed $431,000 --
Warranty Deed $340,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,800,000 New Conventional
Previous Owner $350,000 New Conventional
Previous Owner $700,000 Adjustable Rate Mortgage/ARM
Previous Owner $214,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2025 01/27/25 Price Changed $1,999,000 -4.6% $1,223 / Sq Ft
01/15/2025 01/15/25 Price Changed $2,095,000 -2.6% $1,282 / Sq Ft
01/06/2025 01/06/25 Price Changed $2,150,000 -5.5% $1,316 / Sq Ft
10/28/2024 10/28/24 Price Changed $2,275,000 0.0% $1,392 / Sq Ft
10/28/2024 10/28/24 For Sale $2,275,000 -4.8% $1,392 / Sq Ft
06/27/2024 06/27/24 Off Market $2,390,000 -- --
04/09/2024 04/09/24 Price Changed $2,390,000 -4.0% $1,463 / Sq Ft
03/08/2024 03/08/24 Price Changed $2,490,000 -4.2% $1,524 / Sq Ft
12/07/2023 12/07/23 For Sale $2,600,000 +8.3% $1,591 / Sq Ft
06/23/2022 06/23/22 Sold $2,400,000 -3.8% $1,487 / Sq Ft
04/26/2022 04/26/22 Pending -- -- --
04/16/2022 04/16/22 Price Changed $2,495,000 -7.4% $1,546 / Sq Ft
03/14/2022 03/14/22 Price Changed $2,695,000 -10.0% $1,670 / Sq Ft
03/01/2022 03/01/22 For Sale $2,995,000 +153.8% $1,856 / Sq Ft
12/19/2014 12/19/14 Sold $1,180,000 -1.3% $722 / Sq Ft
11/19/2014 11/19/14 Pending -- -- --
11/19/2014 11/19/14 For Sale $1,195,000 -- $731 / 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
2025 $15,124 $1,731,720 -- $1,731,720
2024 $14,830 $1,659,090 -- $1,659,090
2023 $14,830 $1,602,600 $0 $1,602,600
2022 $12,041 $1,055,208 $0 $0
2021 $9,844 $959,280 $0 $959,280
2020 $9,329 $918,930 $0 $918,930
2019 $9,431 $918,930 $0 $918,930
2018 $9,414 $918,930 $0 $918,930
2017 $9,052 $878,580 $0 $878,580
2016 $8,571 $821,865 $0 $0
2015 $7,947 $747,150 $0 $0
2014 -- $576,815 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 222014271

Naples Area Board of REALTORS®

APN: 20385001801