NOT LISTED FOR SALE

504 Tierra Mar Ln E Unit 2 Naples, FL 34108

Pelican Bay Neighborhood

Estimated Value: $1,819,000 - $2,252,000

3 Beds
2.5 Baths
2,191 Sq Ft
$596/mo HOA Fee

Last Sold April 22, 2022

Last sale price $2,200,001 $1,004 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $12,889/month

6 Days on Market

Highlights

  • Community Beach Access
  • Full Service Day or Wellness Spa
  • Private Beach Club
  • Sea Gate Elementary School Rated A
  • Golf Course Community
  • Fitness Center

About This Home

As of April 2022

Outstanding location in Pelican Bay known for its miles of immaculate beach, coastal mangrove forest and breath-taking nature paths, the neighborhood of Tierra Mar is an easy walk to Artis-Naples, Waterside Shops & Beach Access. Entering the courtyard gate of this beautiful, Spanish-Style Villa, you are greeted with a tropical paradise. The tranquil water feature lures you into the lushly landscaped courtyard to the outdoor living areas, and private-heated pool, capturing the essence of outdoor Florida living. With 3 bedrooms, 2.5 baths & two-car garage, this spacious home boasts vaulted-beamed ceilings, unique atrium & fountain, fireplace and large windows that invite in wonderful natural light. With a freshly renovated guest bath, updated kitchen and master bath, this home has been meticulously maintained and cared for including new hurricane rated windows and sliders. Enjoy this exceptional Villa and the Community of Pelican Bay, a beach-front community offering its residents exclusive amenities including beachfront restaurants, beach services, tennis courts, newly renovated fitness center, community center, canoes, kayaks, sailing, beach tram, wellness studio & spa services.

Last Agent to Sell the Property

Dawn Zimmer-Boling

Premiere Plus Realty Company Listed on: 02/23/2022

Premiere Plus Realty Company

Last Buyer's Agent

Ann Marie Shimer

Premier Sotheby's Int'l Realty License #NAPLES-249500353

Premier Sotheby's Int'l Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,394

Year Built

  • Built in 1981

Lot Details

  • Cul-De-Sac
  • North Facing Home
  • Property is Fully Fenced
  • Privacy Fence

HOA Fees

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener

Home Design

  • Spanish Architecture
  • Villa
  • Entry on the 1st floor
  • Flat Roof Shape
  • Concrete Block With Brick
  • Stucco
  • Tile

Interior Spaces

  • 2,191 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • 5 Ceiling Fans
  • Fireplace
  • Open Floorplan
  • Atrium Room

Kitchen

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

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Shower Only

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Home Security

Pool

  • Concrete Pool
  • Heated In Ground Pool

Outdoor Features

  • Courtyard
  • Water Fountains

Schools

  • Sea Gate Elementary School
  • Pine Ridge Middle School
  • Barron Collier High School

Utilities

  • Zoned Heating and Cooling
  • Underground Utilities
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 66270360006
  • $2,500 Seller Concession

Community Details

Overview

  • $7,500 Secondary HOA Transfer Fee
  • 2 Units
  • Private Membership Available
  • Tierra Mar Condos

Amenities

  • Full Service Day or Wellness Spa
  • Restaurant
  • Community Library

Recreation

  • Community Beach Access
  • Private Beach Pavilion
  • Golf Course Community
  • Private Beach Club
  • Tennis Courts
  • Fitness Center
  • Bike Trail

Pet Policy

  • Pets Allowed

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,394

Year Built

Built in 1981

Lot Details

0

HOA Fees

$596 per month

Parking

2

Listing Details

  • Legal Description: PELICAN BAY UNIT 1 LOT 2 TIERRA MAR (HO) A PORTION OF PAR C DESC IN
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.216109$-81.80636$127.70$13.33$1.00$Zf7K-NT6dJGb-jzNHwGIDA
  • Building Design: Villa Attached
  • Building Description: Spanish
  • Storm Protection: Impact Resistant Doors, Impact Resistant Windows
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Furnished Description: Unfurnished
  • Numberof Ceiling Fans: 5
  • Num Unit Floor: 1
  • Price Per Sq Ft: 1004.11
  • Total Floors: 1
  • Additional Rooms: Atrium
  • Estimated Living Area: 2191
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Bedroom Description: First Floor Bedroom, Master BR Ground
  • Bedrooms: 3 Bed
  • Total Bedrooms: 3
  • Dining Room: Breakfast Bar, Family Dining, Living Dining
  • Equipment: Auto Garage Door, Cooktop - Electric, Dishwasher, Dryer, Microwave, Refrigerator, Refrigerator/Freezer, Refrigerator/Icemaker, Self Cleaning Oven, Smoke Detector, Wall Oven, Washer
  • Flooring: Carpet, Tile
  • Floor Plan: Other
  • Interior Amenities: Bar, Built-In Cabinets, Cable Prewire, Fireplace, High Speed Available, Laundry Tub, Smoke Detectors, Vaulted Ceiling, Walk-In Closet, Window Coverings
  • Kitchen: Island
  • Primary Bathroom: Dual Sinks, Shower Only
  • Windows: Impact Resistant

Exterior Features

  • Gulf Access: No
  • Private Pool: Yes
  • Private Spa: No
  • Roof: Built-Up Or Flat, Tile
  • Construction: Concrete Block
  • Irrigation: Assessment Paid, Reclaimed
  • Road: Cul-De-Sac
  • View: Landscaped Area, Privacy Wall
  • Exterior Features: Courtyard, Privacy Wall, Water Display
  • Exterior Finish: Stucco
  • Private Pool Type: Below Ground, Concrete, Heated Electric

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 2

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric, Zoned
  • Heat: Central Electric, Zoned
  • Security: Completely Fenced
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Management Company Phone: 239-596-5567
  • Approval: Application Fee, Buyer
  • Management: Professional
  • Mandatory HOA: Yes
  • Restrictions: Architectural, No Commercial, No RV, No Truck
  • Sub Condo Name: TIERRA MAR
  • Condo Fees: 1183
  • Condo Fee Frequency: Quarterly
  • Maintenance: Internet/WiFi Access, Irrigation Water, Lawn/Land Maintenance
  • Master Hoa Fee: 605
  • Master HOA Fee Frequency: Quarterly

Association/Amenities

  • Pets: No Approval Needed
  • Development: Pelican Bay
  • Amenities: Beach Access, Beach Club Included, Bike And Jog Path, Community Room, Fitness Center Attended, Full Service Spa, Golf Course, Guest Room, Internet Access, Library, Private Beach Pavilion, Private Membership, Restaurant, Sidewalk, Streetlight, Tennis Court, Underground Utility
  • Community Type: Golf Course, Non-Gated, Tennis
  • Units In Building: 2
  • Total Number of Units: 46

Fee Information

  • Transfer Fees: 7500.00
  • Application Fee: 200.00

Schools

  • Elementary School: SEA GATE ELEMENTARY
  • Middle School: PINE RIDGE MIDDLE SCHOOL
  • High School: BARRON COLLIER HIGH SCHOOL
  • Elementary School: Sea Gate Elementary
  • High School: Barron Collier High School
  • Middle School: Pine Ridge Middle School

Lot Info

  • Builder Product: No
  • Lot Unit: 2
  • Section: 9
  • Total Area: 2835
  • Waterfront: No
  • Acres: 0.1400
  • Rear Exposure: North
  • Lot Description: Zero Lot Line
  • Parcel Number: 66270360006

Rental Info

  • Lease Limits: Yes
  • Leases Per Year: 2
  • Min Days Of Lease: 60

Tax Info

  • Tax Description: Homestead
  • Tax District Type: Municipal Service Tax Unit
  • Taxes: 6394.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 9, 2001
Sold by
William Maghrablian and William Nora Maghrablian
Bought by
William Fennessy and William Sandra Fennessy
Current Estimated Value
$2,014,569
Source: Public Records

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
William Fennessy $145,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2022 04/22/22 Sold $2,200,001 +22.3% $1,004 / Sq Ft
03/01/2022 03/01/22 Pending -- -- --
02/23/2022 02/23/22 For Sale $1,799,000 -- $821 / 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 $18,844 $1,994,655 -- --
2024 $17,500 $1,813,323 -- --
2023 $17,500 $1,648,475 $0 $1,648,475
2022 $6,411 $542,553 $0 $0
2021 $6,394 $526,750 $0 $0
2020 $6,222 $519,477 $0 $0
2019 $6,131 $507,798 $0 $0
2018 $6,267 $498,330 $0 $0
2017 $5,827 $488,080 $0 $0
2016 $5,638 $478,041 $0 $0
2015 $5,595 $474,718 $0 $0
2014 $5,520 $420,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 222009740

Naples Area Board of REALTORS®

APN: 66270360006