NOT LISTED FOR SALE

500 W Gorrie Dr Eastpoint, FL 32328

Estimated Value: $2,740,000 - $3,221,000

6 Beds
5.5 Baths
3,756 Sq Ft
$771/Sq Ft Est. Value

Last Sold September 21, 2015

Last sale price $1,400,000 $373 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $16,993/month

87 Days on Market

Highlights

  • Airport or Runway
  • Beach
  • Heated Pool
  • Beach Front
  • Community Boat Launch
  • Fishing

About This Home

As of September 2015

Exquisite 6 BR, 5.5 BA Gulf front home. Custom designed for elegant coastal living with 100' frontage on the Gulf of Mexico. Heated Gulf front pool and hot tub. Spacious open floor plan with vintage heart pine flooring and solid wood doors throughout. Gas fireplace. Kitchen, two living areas and 5 bedrooms have expansive ocean views. Kitchen features custom cabinetry and granite countertops, stainless appliances with gas range. Stylish furnishings, wainscoating and crown molding. Expansive Gulf front multi-level decks access by living areas and 5 bedrooms. Turtle friendly exterior lighting. Elevator. Water softening system. Low maintenance, solid construction with vinyl siding and metal roof. Beautifully landscaped, fenced and irrigated yard. Turn key popular vacation rental sold with upscale furnishing.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,856

Year Built

  • Built in 2004

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 100 x 175
  • Beach Front
  • Property fronts gulf or ocean
  • Partially Fenced Property
  • Landscaped
  • Sprinkler System

Home Design

  • Southern Architecture
  • Metal Roof
  • Vinyl Siding
  • Piling Construction

Interior Spaces

  • 3,756 Sq Ft Home
  • Elevator
  • Furnished
  • Built-In Features
  • Woodwork
  • Crown Molding
  • High Ceiling
  • Gas Fireplace
  • Great Room
  • Living Room
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Self-Cleaning Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Dryer
  • Washer

Home Security

  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Parking

  • 6 Parking Spaces
  • Driveway
  • Open Parking

Pool

  • Heated Pool
  • Outdoor Shower

Outdoor Features

  • Covered Deck
  • Outdoor Grill

Utilities

  • Zoned Heating
  • Propane
  • Electric Water Heater
  • Aerobic Septic System

Listing and Financial Details

  • Exclusions: See realtor's remarks
  • Tax Lot 1-19-1W
  • Assessor Parcel Number 2909S06W7311019W0010

Community Details

Overview

  • No Home Owners Association
  • Resort Property
  • Built by Fendrick
  • Beach Buzz Community
  • Gulf Beaches Units 1 5 Subdivision

Amenities

  • Community Gazebo
  • Community Barbecue Grill
  • Picnic Area
  • Airport or Runway

Recreation

  • Community Boat Launch
  • Beach
  • Community Playground
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,856

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Directions: West Gorrie to 500 W Gorrie.
  • Prop. Type: Residential
  • Property Sub Type: Detached Single Family
  • Lot Size Acres: 0.4017
  • Lot Size: 100 x 175
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Subdivision Name: Gulf Beaches Units 1-5
  • Architectural Style: Southern
  • Building Name: Beach Buzz
  • Carport Y N: No
  • Garage Yn: No
  • Property Attached Yn: No
  • Year Built: 2004
  • NAV22_Room4Name: Additional Bedroom
  • NAV22_ResortRentalYN: Yes
  • NAV22_Room8Name: Additional Bedroom
  • NAV22_Room3Name: Kitchen
  • NAV22_Room7Name: Master Bedroom
  • NAV22_Room2Name: Additional Bedroom
  • NAV22_BuildersWarrantyYN: No
  • NAV22_Room6Name: Additional Bedroom
  • NAV22_Room1Name: Great Room
  • NAV22_Room5Name: Living Room
  • Special Features: None

Interior Features

  • Appliances: Dryer, Washer, Dishwasher, Disposal, Microwave, Self Cleaning Oven, Range Hood, Refrigerator w/Ice Maker, Electric Oven, Gas Oven, Electric Water Heater
  • Furnished: Furnished
  • Interior Amenities: Breakfast Bar, Built-in Features, Crown Molding, Ceiling Raised, Elevator, Lock Out Closet, Split Bedroom, Woodwork Painted
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Hardwood
  • Living Area: 3756
  • Window Features: Window Treatments

Exterior Features

  • Exclusions: See realtor's remarks
  • Exterior Features: Barbecue, Hurricane Shutters, Shore Beach, Outdoor Shower
  • Lot Features: Landscaped, Sprinkler System, Subdivided
  • Roof: Metal
  • Fencing: Partial
  • Pool Features: Heated, None
  • Pool Private: No
  • Waterfront Features: Waterfront, Gulf
  • Waterfront: Yes
  • Builder Name: Fendrick
  • Construction Type: Vinyl Siding
  • Foundation Details: Pilings
  • Patio And Porch Features: Covered Deck, Deck
  • Property Condition: Construction Complete

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Driveway, See Remarks
  • Total Parking Spaces: 6

Utilities

  • Heating: Zoned
  • Sewer: Aerobic Septic
  • Utilities: Electricity Connected, Propane, Private Trash
  • Security: Smoke Detector(s)
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Airport/Runway, BBQ Pit/Grill, Beach, Boat Launch, Fishing, Pavillion/Gazebo, Picnic Area, Playground
  • Association: No
  • Pets Allowed: Yes

Lot Info

  • Lot Size Sq Ft: 17500
  • Additional Parcels: No
  • Parcel #: 2909S06W7311019W0010
  • Zoning Description: Residential Single Family
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Lot: 1-19-1W

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2015
Closed on
Sep 17, 2015
Sold by
Millen Paul Kenneth and Millen Kathy
Bought by
Swinehart Michael K and Swinehart Teresa L
List Price
$1,500,000
Sold Price
$1,400,000
Premium/Discount to List
-$100,000
-6.67%
Current Estimated Value
$2,894,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,494,535
Avg. Annual Appreciation
7.45%
Original Mortgage
$980,000
Outstanding Balance
$774,723
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$2,092,840

Purchase Details

Closed on
Apr 3, 2015
Sold by
Millen Ken and Millen Kathy
Bought by
Millen Paul Kenneth and Millen Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
3.87%
Mortgage Type
New Conventional
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
Swinehart Michael K $1,400,000 Dodd Title Company Inc
Millen Paul Kenneth -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swinehart Michael K $980,000
Previous Owner Millen Paul Kenneth $630,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2015 09/21/15 Sold $1,400,000 -6.7% $373 / Sq Ft
08/02/2015 08/02/15 Pending -- -- --
05/06/2015 05/06/15 For Sale $1,500,000 -- $399 / Sq Ft
Source: Forgotten Coast REALTOR® Association

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 $18,856 $2,288,120 $1,225,000 $1,063,120
2023 $18,792 $2,308,515 $1,225,000 $1,083,515
2021 $16,576 $1,335,914 $585,000 $750,914
2020 $13,979 $1,249,639 $540,000 $709,639
2019 $13,751 $1,260,110 $540,000 $720,110
2018 $12,481 $1,011,170 $0 $0
2017 $11,903 $1,011,170 $0 $0
2016 $11,343 $1,025,449 $0 $0
2015 $9,629 $803,405 $0 $0
2014 $8,664 $698,109 $0 $0
Source: Public Records

Map

Source: Forgotten Coast REALTOR® Association

MLS Number: 254176

Forgotten Coast REALTOR® Association

APN: 29-09S-06W-7311-019W-0010