NOT LISTED FOR SALE

489 Madison Ct Fort Myers Beach, FL 33931

Estimated Value: $2,374,000 - $2,467,000

3 Beds
2 Baths
1,987 Sq Ft
$1,213/Sq Ft Est. Value

Last Sold July 24, 2024

Last sale price $2,500,000 $1,258 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $14,855/month

202 Days on Market

Highlights

  • Community Beach Access
  • Boat Dock
  • Access to Bay or Harbor
  • Fort Myers Beach Elementary School Rated A-
  • Home fronts a seawall
  • Concrete Pool

About This Home

As of July 2024

REDUCED! MOTIVATED SELLER! WAKE UP TO UNENDING VIEWS OF ESTERO BAY WITH BOATING ACCESS TO THE GULF AND BEYOND.
This home has recently been totally remodeled including impact resistant windows and doors, new floors,
appliances, kitchen, bathrooms, including everything from floor to ceiling. The exterior includes new paint and
landscaping. The bayside includes a heated underground pool and jacuzzi. The pool deck and Tiki Hut overlook Estero Bay. This property is a Boaters Dream as it includes a large BOAT LIFT on the Bay and a smaller BOAT LIFT
on the canal located on the side of the home. Enjoy fishing from your dock and watching the dolphins play or take a short walk to the white sandy Gulf beach.

Last Agent to Sell the Property

Bob Brown

Fort Myers Beach Realty License #258000267 Listed on: 01/03/2024

Co-Listed By

Krystyna Brown

Fort Myers Beach Realty License #258000857

Last Buyer's Agent

Jolene Hardy

John R. Wood Properties License #258018179

John R. Wood Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,008

Year Built

  • Built in 1959

Lot Details

  • 9,801 Sq Ft Lot
  • Lot Dimensions are 117 x 79 x 120 x 73
  • Home fronts a seawall
  • Home fronts navigable water
  • Cul-De-Sac
  • Street terminates at a dead end
  • Southwest Facing Home
  • Fenced
  • Irregular Lot
  • Property is zoned RS-1

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Guest Parking
  • RV Access or Parking

Property Views

  • Bay
  • Canal

Home Design

  • Metal Roof
  • Stucco

Interior Spaces

  • 1,987 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Single Hung Windows
  • Great Room
  • Combination Dining and Living Room
  • Tile Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Maid or Guest Quarters
  • 2 Full Bathrooms
  • Dual Sinks
  • Shower Only
  • Separate Shower

Laundry

  • Laundry in Garage
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Impact Glass
  • High Impact Door
  • Fire and Smoke Detector

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Spa
  • Pool Equipment or Cover

Outdoor Features

  • Access to Bay or Harbor
  • Canal Access
  • Deck
  • Gazebo
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 18 / D
  • Assessor Parcel Number 20-46-24-W4-0110D.0180

Community Details

Overview

  • No Home Owners Association
  • Shell Mound Park Subdivision

Amenities

  • Bike Room
  • Community Storage Space

Recreation

  • Boat Dock
  • Pier or Dock
  • RV or Boat Storage in Community
  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,008

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.225
  • Lot Size: 117 x 79 x 120 x 73
  • Co List Office Mls Id: BEAR1
  • Co List Office Phone: 239-463-4300
  • Ownership: Single Family
  • Subdivision Name: SHELL MOUND PARK
  • Directions: ESTERO BLVD TO MADISON CT, ALL THE WAY TO THE BAY.
  • Architectural Style: Ranch, One Story
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: Yes
  • Building Stories: 1
  • Year Built: 1959
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Spa Features: Electric Heat, Gunite, In Ground
  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Tile
  • Interior Amenities: Breakfast Bar, Built-in Features, Closet Cabinetry, Cathedral Ceiling(s), Dual Sinks, Eat-in Kitchen, Kitchen Island, Living/Dining Room, Main Level Primary, Pantry, Shower Only, Separate Shower, Cable TV, High Speed Internet, Split Bedrooms
  • Living Area: 1987.0
  • Dining Room Type: Bathroom, Guest Quarters, Great Room
  • Stories: 1
  • Window Features: Single Hung, Impact Glass
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Cul-De-Sac, Dead End, Irregular Lot
  • Pool Features: Concrete, Electric Heat, Heated, In Ground, Pool Equipment
  • Pool Private: Yes
  • View: Bay, Canal
  • View: Yes
  • Waterfront Features: Bay Access, Canal Access, Navigable Water, Seawall
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: Southwest
  • Exterior Features: Deck, Fence, Security/High Impact Doors, Storage
  • Other Structures: Gazebo
  • Patio And Porch Features: Deck
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Guest, Paved, RV Access/Parking, Two Spaces, Garage Door Opener

Utilities

  • Laundry Features: In Garage, Laundry Tub
  • Security: 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: Boat Facilities, Street Lights
  • Amenities: Beach Rights, Beach Access, Bike Storage, Pier, RV/Boat Storage, Storage
  • Phone: 000-000-0000
  • Association: No
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: None

Lot Info

  • Parcel #: 20-46-24-W4-0110D.0180
  • Zoning Description: RS-1
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 20008.39
  • Tax Block: D
  • Tax Lot: 18
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2025
Sold by
Planters Bank Inc and Jsd Properties Llc
Bought by
Jsd Properties Llc
Current Estimated Value
$2,410,847

Purchase Details

Listed on
Jan 3, 2024
Closed on
Jul 24, 2024
Sold by
Figuerado James and Figuerado Deborah Ann
Bought by
Planters Bank Inc and Jsd Properties Llc
Seller's Agent
Bob Brown
Fort Myers Beach Realty
Buyer's Agent
Jolene Hardy
John R. Wood Properties
List Price
$3,298,000
Sold Price
$2,500,000
Premium/Discount to List
-$798,000
-24.2%
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.31%

Purchase Details

Listed on
Feb 17, 2017
Closed on
May 30, 2017
Sold by
Shamo Paul J
Bought by
Figuerado James and Figuerado Deborah Ann
Seller's Agent
Joe Orlandini
ERA Right Choice Realty
Buyer's Agent
Joseph Orlandini
List Price
$1,495,000
Sold Price
$1,185,000
Premium/Discount to List
-$310,000
-20.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.12%
Original Mortgage
$585,000
Interest Rate
3.97%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 23, 2016
Sold by
Shamo Paul J
Bought by
489 Madison Court Llc

Purchase Details

Closed on
Apr 5, 2016
Sold by
Flind Properties Llc
Bought by
Shamo Paul J

Purchase Details

Closed on
Nov 3, 2014
Sold by
Grummann Jane A
Bought by
Flind Properties Llc

Purchase Details

Closed on
Feb 7, 2012
Sold by
Starmag Investments Llc
Bought by
Grummann Jane A and Jane A Grummann Revocable Trust

Purchase Details

Closed on
Jun 17, 2011
Sold by
Draper Robert N
Bought by
Starmag Investments Llc

Purchase Details

Closed on
Jan 26, 2011
Sold by
Draper Robert N and Draper Barbara E
Bought by
Suntrust Bank

Purchase Details

Closed on
Aug 25, 1995
Sold by
Walker Ethel M
Bought by
Draper Robert N and Draper Barbara E
Source: Public Records

Range of Values:

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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
Jsd Properties Llc -- None Listed On Document
Planters Bank Inc $2,500,000 Private Client Title & Escrow
Figuerado James $1,185,000 Attorney
Shamo Paul J -- Attorney
489 Madison Court Llc -- None Available
Shamo Paul J $1,000,000 Attorney
Flind Properties Llc -- None Available
Grummann Jane A $740,000 Cape Coral Title Insurance A
Starmag Investments Llc $455,600 None Available
Suntrust Bank -- Attorney
Draper Robert N $247,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Figuerado James $585,000
Previous Owner Draper Robert N $950,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2024 07/24/24 Sold $2,500,000 -16.7% $1,258 / Sq Ft
07/24/2024 07/24/24 Pending -- -- --
04/17/2024 04/17/24 Price Changed $2,999,998 -9.0% $1,510 / Sq Ft
01/03/2024 01/03/24 For Sale $3,298,000 +178.3% $1,660 / Sq Ft
06/25/2017 06/25/17 Sold $1,185,000 -20.7% $600 / Sq Ft
05/26/2017 05/26/17 Pending -- -- --
02/17/2017 02/17/17 For Sale $1,495,000 -- $757 / 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
2024 $20,627 $2,184,442 $1,390,870 $573,869
2023 $20,627 $1,472,130 $1,472,120 $10
2022 $14,220 $1,028,801 $0 $0
2021 $14,214 $1,206,469 $691,139 $515,330
2020 $14,357 $985,045 $0 $0
2019 $14,119 $962,898 $0 $0
2018 $13,569 $938,095 $0 $0
2017 $15,424 $1,014,229 $370,500 $643,729
2016 $15,134 $1,000,739 $471,626 $529,113
2015 $13,795 $872,907 $426,253 $446,654
2014 -- $786,690 $416,405 $370,285
2013 -- $673,889 $399,650 $274,239
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 224000580

Florida Gulf Coast Multiple Listing Service

APN: 20-46-24-W4-0110D.0180