NOT LISTED FOR SALE

516 Navy Cove Blvd Gulf Breeze, FL 32561

Estimated Value: $1,506,000 - $3,298,000

4 Beds
3.5 Baths
4,349 Sq Ft
$591/Sq Ft Est. Value

Last Sold September 14, 2015

Last sale price $950,000 $218 Per Sq Ft

Est. 171% increase in value since last sale

Current estimated payment $15,574/month

338 Days on Market

Highlights

  • Docks
  • Home fronts a seawall
  • Boat Lift
  • Gulf Breeze Elementary School Rated A
  • Pier
  • Bay View

About This Home

As of September 2015

You know you have found a home that is very unique to the Florida panhandle when you’re driving up the circular driveway surrounded by beautiful oak and magnolia trees. This beautiful waterfront home has privacy and is completely renovated throughout. This upscale home features windows and doors on the north side that provide breath taking views of Pensacola Bay from the entire living area and kitchen. The kitchen has been upgraded with gorgeous granite counter tops, a large island that easily seats 6, custom walnut cabinets and 6 burner gas stove top. It also overlooks the family room, complete with fireplace as well as built in cabinets and bookcases. Adjacent to this living area, and also with a view of the bay, is a wet bar surrounded by glass cabinets, an additional seating area, and an oversized space perfect for a breakfast area. A wall of wind rated windows and French doors stretch the entire length of the house, and include a sitting room as well as the master bedroom. An absolutely beautiful and unique property, the meticulously designed patio area has a complete outdoor kitchen that includes a gas grill with side burner and large brick fireplace at one end. The patio also features a 5’ fountain with 4 dolphins. An extended pier includes a lift for the boat enthusiast that loves the sunset cruises from the convenience of their backyard.

Last Agent to Sell the Property

MARTIN STEWART

Coldwell Banker Realty Listed on: 09/26/2014

Coldwell Banker Realty

Last Buyer's Agent

MARTIN STEWART

Coldwell Banker Realty Listed on: 09/26/2014

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,747

Year Built

  • Built in 1972

Lot Details

  • 0.58 Acre Lot
  • Home fronts a seawall
  • Property fronts an intracoastal waterway
  • Property Fronts a Bay or Harbor
  • Interior Lot

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 4,349 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace
  • Plantation Shutters
  • Blinds
  • Family Room Downstairs
  • Formal Dining Room
  • Storage
  • Washer and Dryer Hookup
  • Inside Utility
  • Bay Views
  • Fire and Smoke Detector

Kitchen

  • Updated Kitchen
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile
  • Travertine

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Pier
  • Boat Lift
  • Docks
  • Deck
  • Patio

Schools

  • Gulf Breeze Elementary And Middle School
  • Gulf Breeze High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Pensacola Shores Subdivision

Listing and Financial Details

  • Assessor Parcel Number 063S293070001000040

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,747

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Stories: 1
  • Parcel Number: 063S293070001000040
  • Property Type: Residential
  • Year Built: 1972
  • Electric: Copper Wiring
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.58
  • Subdivision Name: Pensacola Shores
  • Directions: Fairpoint to right on Driftwood to left on Navy Cove, house on right
  • Architectural Style: Traditional
  • Building Name: None
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Efficiency: No Energy Features
  • Property Attached Yn: No
  • Kitchen Level: First
  • Special Features: VirtualTour

Interior Features

  • Appliances: Water Heater, Electric Water Heater, Built In Microwave, Disposal
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Flooring: Hardwood, Tile, Travertine
  • Interior Amenities: Storage, Ceiling Fan(s), Crown Molding, Recessed Lighting, Walk-In Closet(s), Wet Bar
  • Window Features: Blinds, Plantation Shutters
  • Bedroom/Bathroom Features: Not Updated
  • Dining Room Features: Formal Dining Room, Kitchen/Dining Combo
  • Living Room Living Room Level: First
  • Master Bedroom Master Bedroom Level: First
  • Room Bedroom2 Area: 192
  • Master Bedroom Master Bedroom Width: 15
  • Room Family Room Area: 270
  • Room Bedroom2 Level: First
  • Room Family Room Level: First
  • Room Kitchen Features: Updated, Granite Counters, Kitchen Island
  • Room Living Room Area: 238
  • Room Kitchen Area: 288
  • Dining Room Dining Room Level: First
  • Room Master Bedroom Area: 270
  • Room Dining Room Area: 312

Exterior Features

  • Roof: Composition
  • Fencing: Other
  • Lot Features: Interior Lot
  • Pool Features: None
  • View: Bay
  • View: Yes
  • Waterfront Features: Bay, Intracoastal Waterway, Waterfront, Block/Seawall, Boat Lift, Pier
  • Waterfront: Yes
  • Construction Type: Brick
  • Exterior Features: Lawn Pump, Sprinkler, Dock, Boat Slip Utilities
  • Foundation Details: Slab
  • Patio And Porch Features: Deck, Patio
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: 2 Car Garage, Circular Driveway, Garage Door Opener
  • Total Parking Spaces: 2

Utilities

  • Heating: Multi Units, Central
  • Cooling: Multi Units, Central Air
  • Sewer: Septic Tank
  • Laundry Features: Inside, W/D Hookups
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No

Schools

  • Elementary School: Gulf Breeze
  • High School: Gulf Breeze
  • Middle Or Junior School: Gulf Breeze

Lot Info

  • Lot Size Sq Ft: 25264.8
  • Zoning Description: Res Single
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2014
Closed on
Sep 14, 2015
Sold by
Osullivan J Mort and Mort Osullivan J
Bought by
Malone Matthew K and Malone Ann L
Seller's Agent
MARTIN STEWART
Coldwell Banker Realty
Buyer's Agent
MARTIN STEWART
Coldwell Banker Realty
List Price
$1,399,000
Sold Price
$950,000
Premium/Discount to List
-$449,000
-32.09%
Current Estimated Value
$2,571,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,621,684
Avg. Annual Appreciation
10.76%

Purchase Details

Closed on
Jul 10, 2014
Sold by
Ld Projects Llc
Bought by
Sullivan Iii J Mort O and Okaloosa New Opportunity Llc

Purchase Details

Closed on
Aug 22, 2011
Sold by
Adams Gregory D and Adams Mary W
Bought by
Irrevocable Kearney William J and Irrevocable William J Kearney

Purchase Details

Closed on
Nov 15, 2000
Sold by
Rae R Irvin and Rae Elaine H
Bought by
Adams Gregory D and Adams Mary W
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
Malone Matthew K $950,000 Attorney
Sullivan Iii J Mort O $900,000 None Available
Irrevocable Kearney William J $1,299,000 Attorney
Adams Gregory D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adams Gregory D $200,000
Previous Owner Adams Gregory D $285,000
Previous Owner Adams Gregory D $285,000
Previous Owner Adams Gregory D $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2015 09/14/15 Sold $950,000 -32.1% $218 / Sq Ft
08/28/2015 08/28/15 Pending -- -- --
09/24/2014 09/24/14 For Sale $1,399,000 -- $322 / Sq Ft
Source: Pensacola 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 $18,747 $1,467,547 -- --
2023 $18,747 $1,424,803 $0 $0
2022 $18,344 $1,383,304 $0 $0
2021 $18,251 $1,343,014 $0 $0
2020 $11,146 $787,801 $0 $0
2019 $9,766 $787,801 $0 $0
2018 $13,065 $907,294 $0 $0
2017 $12,255 $834,447 $0 $0
2016 $12,312 $823,855 $0 $0
2015 $12,376 $808,525 $0 $0
2014 $12,706 $817,137 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pensacola Association of REALTORS®

MLS Number: 469900

Pensacola Association of REALTORS®

APN: 06-3S-29-3070-00100-0040