NOT LISTED FOR SALE

516 Bear Rd Lake Placid, FL 33852

Estimated Value: $923,199 - $1,024,000

6 Beds
4.5 Baths
7,697 Sq Ft
$127/Sq Ft Est. Value

Last Sold September 12, 2022

Last sale price $855,000 $111 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,843/month

221 Days on Market

Highlights

  • In Ground Pool
  • Gated Community
  • 10.26 Acre Lot
  • RV Access or Parking
  • Pond View
  • Deck

About This Home

As of September 2022

Located in the prestigious Bear Hollow Ranch Property Equestrian community in Lake Placid, this one of a kind ESTATE HOME, on over 10+ acres, will not disappoint as you drive up the winding driveway to this private and peaceful family compound. The main house offers 4/5 bedrooms with 3.5 full baths. Currently the 5th bedroom is being used as a den/media/home office with double doors to a private patio sitting area leading to pool deck. The living room has a 2 story fireplace with bay windows overlooking the front yard pond. The kitchen features wood cabinetry, a center island, with a pantry lined hallway. Off the kitchen is the Family Room that leads directly to the in ground swimming pool. The Formal Dining Room is large enough for a table for 10+ with surrounding windows overlooking the property. The wood stairs lead to two spacious bedrooms with a full bath and a few more steps lead to another bedroom perfect for a bunk/play/school room for the kids. The top floor features a Master Bedroom suite with a spacious sitting area and 12x24 Private Office. The Master Bath and Walk-in Closet will not disappoint in size or grandeur. The Pool area has ample room for sunning or lounging in the shade under the side cabanas as you BBQ and enjoy stunning sunsets. The detached garage and 1 bedroom apartment guest house features over 3,100 total sq. ft for additional living, garage, RV parking and storage area. Additional details include: (2) well systems, newer roof, hot water heater, (3) AC units, attached garage under AC with multiple built-ins, separate electric meters (house/guest house), newer pool sand filter/pump, plenty of storage/closets, fenced area for pets, and the list could go on. This home will certainly check all the boxes for the Family Estate you have been looking for!!! Call today to schedule your private tour. MLS listing includes both Main House & Guest House in sq. footage, bedrooms, baths.

Last Agent to Sell the Property

Rebecca Musgrave

ALL ABOUT REALTY-LK PLACID License #3300496 Listed on: 12/01/2021

Last Buyer's Agent

SEBRING NON MLS

NON-MLS OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,837

Year Built

  • Built in 1983

Lot Details

  • 10.26 Acre Lot
  • Fenced

HOA Fees

  • $80 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Garage Door Opener
  • RV Access or Parking

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 7,697 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Single Hung Windows
  • Drapes & Rods
  • Blinds
  • Pond Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Deck
  • Covered Patio or Porch
  • Separate Outdoor Workshop
  • Shed

Utilities

  • Cooling Available
  • Central Heating
  • Heat Pump System
  • Private Water Source
  • Well
  • Septic Tank
  • Sewer Not Available
  • Cable TV Available

Community Details

  • Gated Community

Listing and Financial Details

  • Assessor Parcel Number C-35-37-30-020-0090-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,837

Year Built

Built in 1983

Lot Details

0

HOA Fees

$80 per month

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 10.26
  • Road Surface Type: Paved
  • Directions: US 27 and Hwy 98 EAST. Bear Hollow entrance. Gated.
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1983
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Ceiling Fan(s), Cathedral Ceiling(s), Fireplace, Cable TV
  • Living Area: 7697.0
  • Window Features: Single Hung, Blinds, Drapes

Exterior Features

  • Pool Features: In Ground
  • View: Pond
  • View: Yes
  • Construction Type: See Remarks, Brick
  • Exterior Features: Deck, Fence, Patio, Shed, Workshop
  • Patio And Porch Features: Rear Porch, Covered, Front Porch, Open, Side Porch, Deck, Patio
  • Property Condition: Resale
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Garage, RV Access/Parking, Three or more Spaces, Garage Door Opener

Utilities

  • Security: Gated Community
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: None, Septic Tank
  • Utilities: Cable Available, Sewer Not Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association Fee: 80.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 446926.0
  • Additional Parcels Description: ,,
  • Parcel #: C-35-37-30-020-0090-0000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6837.06
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2021
Closed on
Sep 12, 2022
Sold by
Campbell Richard A and Campbell Elina M
Bought by
Patricia Hebert Revocable Trust
Seller's Agent
Rebecca Musgrave
ALL ABOUT REALTY-LK PLACID
Buyer's Agent
SEBRING NON MLS
NON-MLS OFFICE
List Price
$985,000
Sold Price
$855,000
Premium/Discount to List
-$130,000
-13.2%
Current Estimated Value
$979,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,800
Avg. Annual Appreciation
4.66%

Purchase Details

Listed on
Dec 1, 2021
Closed on
Jul 14, 2022
Sold by
Campbell Richard A and Campbell Elina M
Bought by
Campbell Richard A and Campbell Richard A
Seller's Agent
Rebecca Musgrave
ALL ABOUT REALTY-LK PLACID
Buyer's Agent
SEBRING NON MLS
NON-MLS OFFICE
List Price
$985,000
Sold Price
$855,000
Premium/Discount to List
-$130,000
-13.2%

Purchase Details

Closed on
Feb 20, 2004
Sold by
Campbell Richard A and Campbell Elina M
Bought by
Campbell Richard A and Campbell Elina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.63%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
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
Patricia Hebert Revocable Trust $855 --
Campbell Richard A -- Karlson Law Group Pa
Campbell Richard A -- Heartland Title Insurance Ag
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Campbell Richard A $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2022 09/12/22 Sold $855,000 -13.2% $111 / Sq Ft
07/11/2022 07/11/22 Pending -- -- --
12/01/2021 12/01/21 For Sale $985,000 -- $128 / Sq Ft
Source: Heartland Association 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
2024 $5,586 $412,798 -- --
2023 $5,586 $400,775 $0 $0
2022 $7,115 $518,968 $82,080 $436,888
2021 $6,251 $372,483 $61,560 $310,923
2020 $6,837 $420,518 $0 $0
2019 $6,467 $395,051 $0 $0
2018 $6,974 $426,503 $0 $0
2017 $6,655 $418,566 $0 $0
2016 $6,175 $374,921 $0 $0
2015 $5,967 $358,806 $0 $0
2014 $5,882 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland Association of REALTORS®

MLS Number: 283901

Heartland Association of REALTORS®

APN: C-35-37-30-020-0090-0000