NOT LISTED FOR SALE

521 Tierra Mar Ln W Unit 44 Naples, FL 34108

Pelican Bay Neighborhood

Estimated Value: $1,835,000 - $3,754,000

4 Beds
3.5 Baths
3,045 Sq Ft
$902/Sq Ft Est. Value

Last Sold June 12, 2020

Last sale price $2,100,000 $690 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $16,983/month

164 Days on Market

Highlights

  • Community Beach Access
  • Lake Front
  • Golf Course Community
  • Sea Gate Elementary School Rated A
  • Full Service Day or Wellness Spa
  • Private Beach

About This Home

As of June 2020

V.2929 - There is nothing quite like Tierra Mar and this stunning Villa has a new life to inspire your sense of luxury living. Surrounded by a privacy wall and lush landscaping, deck, and outdoor lounging areas create the pallet for a reimagined interior. Windows and doors allow nature to continue to inspire the living area as sunlit walls breathe in life. An open plan connects you with your family and friends. Each bedroom has access to the private outdoor decks for quiet enjoyment. There is nothing like coming home to a place that inspires smiles and a feeling of well-being. Known for its miles of immaculate beach, coastal mangrove forests and breathtaking nature paths, Pelican Bay is Naples' premier mixed-use beachfront community, offering its members a lifestyle that cannot be found anywhere else in FL. With its exclusive amenities including private beachfront restaurants, beach services, tennis courts, and pro shops, full-service fitness center, community center, canoes and kayaks, sailing, wellness studio and nutrition, and health services, there is no better place to call home! Waterside Shops, restaurants, Artis Naples and the Baker Museum are a short walk away.

Last Agent to Sell the Property

Greg Gorman

John R Wood Properties Listed on: 12/08/2019

John R Wood Properties

Co-Listed By

David Burke

John R Wood Properties

Last Buyer's Agent

Mary Smith

Premiere Plus Realty Company

Premiere Plus Realty Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,943

Year Built

  • Built in 1980

Lot Details

  • 9,056 Sq Ft Lot
  • Lot Dimensions: 67
  • Lake Front
  • Private Beach
  • End Unit
  • Cul-De-Sac
  • North Facing Home
  • Privacy Fence
  • Sprinkler System

HOA Fees

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Guest Parking

Home Design

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

Interior Spaces

  • 3,045 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • 4 Ceiling Fans
  • Ceiling Fan
  • Skylights
  • Solar Tinted Windows
  • Shutters
  • Transom Windows
  • French Doors
  • Combination Dining and Living Room
  • Loft

Kitchen

  • Built-In Self-Cleaning Double Oven
  • Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Upstairs
  • Double Master Bedroom
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Dual Sinks
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • High Impact Windows
  • High Impact Door

Pool

  • Concrete Pool
  • In Ground Pool
  • Pool Equipment Stays

Outdoor Features

  • Balcony
  • Courtyard
  • Water Fountains
  • Lanai

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 66272040007

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
  • Clubhouse

Recreation

  • Community Beach Access
  • Golf Course Community
  • Beach Club Membership Available
  • Tennis Courts
  • Fitness Center
  • Exercise Course
  • Bike Trail

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,943

Year Built

Built in 1980

Lot Details

0

HOA Fees

$592 per month

Parking

2

Listing Details

  • Legal Description: PELICAN BAY UNIT 1 LOT 44 TIERRA MAR (HO) A PORTION OF PARCEL C DESC IN OR 880 PG 1887 OR 1051 PG 485-486 W/D
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.216439$-81.80781100000002$221.80$13.33$1.00$zgv_ZGviae3XtwTJLq5JOg
  • Building Design: Villa Attached
  • Building Description: 2 Story, Duplex, End-Unit
  • Storm Protection: Impact Resistant Doors, Impact Resistant Windows, Shutters - Manual
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Furnished Description: Unfurnished
  • Numberof Ceiling Fans: 4
  • Num Unit Floor: 1
  • Price Per Sq Ft: 689.66
  • Total Floors: 2
  • Additional Rooms: Balcony, Laundry in Residence, Loft, Open Porch/Lanai
  • Estimated Living Area: 3045
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Bedroom Description: Master BR Ground, Master BR Upstairs, Two Master Suites
  • Bedrooms: 4+Den
  • Total Bedrooms: 4
  • Dining Room: Living Dining
  • Equipment: Auto Garage Door, Cooktop - Electric, Dishwasher, Disposal, Double Oven, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Wall Oven, Washer, Wine Cooler
  • Flooring: Marble, Tile, Wood
  • Floor Plan: Split Bedrooms, 2 Story
  • Interior Amenities: Built-In Cabinets, Cable Prewire, Foyer, French Doors, High Speed Available, Laundry Tub, Pantry, Vaulted Ceiling, Volume Ceiling, Walk-In Closet, Wet Bar
  • Kitchen: Dome Kitchen, Pantry
  • Primary Bathroom: 2 Masters, Dual Sinks, Separate Tub And Shower
  • Windows: Skylight, Solar Tinted, Transom

Exterior Features

  • Gulf Access: No
  • Private Pool: Yes
  • Private Spa: No
  • Roof: Built-Up Or Flat, Tile
  • Construction: Concrete Block
  • Road: Cul-De-Sac
  • View: Landscaped Area, Privacy Wall
  • Exterior Features: Courtyard, Privacy Wall, Sprinkler Auto, Water Display
  • Exterior Finish: Stucco
  • Private Pool Type: Below Ground, Concrete, Equipment Stays
  • Waterfront Type: Lake

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 2
  • Parking: Driveway Paved, Guest

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric, Zoned
  • Heat: Central Electric, Zoned
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Management Company Phone: 239-596-5567
  • Approval: Application Fee
  • Management: Professional
  • Mandatory HOA: Yes
  • Restrictions: Architectural
  • Sub Condo Name: TIERRA MAR
  • Condo Fees: 1175
  • Condo Fee Frequency: Quarterly
  • Maintenance: Cable, Internet/WiFi Access, Irrigation Water, Lawn/Land Maintenance, Legal/Accounting, Manager, Reserve, Street Lights
  • Master Hoa Fee: 2396
  • Master HOA Fee Frequency: Annually

Association/Amenities

  • Pets: No Approval Needed
  • Development: Pelican Bay
  • Amenities: Beach - Private, Beach Access, Beach Club Available, Bike And Jog Path, Clubhouse, Exercise Room, Fitness Center Attended, Full Service Spa, Golf Course, Internet Access, Private Membership, Restaurant, Streetlight, Tennis Court, Underground Utility
  • Community Type: Non-Gated
  • Units In Building: 2
  • Total Number of Units: 49

Fee Information

  • Transfer Fees: 7500.00
  • Application Fee: 250.00

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 Back: 69
  • Lot Frontage: 67
  • Lot Left: 110
  • Lot Right: 122
  • Lot Unit: 44
  • Section: 9
  • Total Area: 3783
  • Waterfront: Yes
  • Zoning Code: AE
  • Acres: 0.2079
  • Rear Exposure: North
  • Lot Description: Cul-De-Sac, Irregular Shape
  • Lot Dimensions: 67 X 110 X 69 X 122
  • Parcel Number: 66272040007

Rental Info

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

Tax Info

  • Tax District Type: Municipal Service Tax Unit
  • Taxes: 14942.98

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2019
Closed on
Jun 12, 2020
Sold by
Plesner Anthony and Plesner Serena
Bought by
Lewis Neal and Lewis Kathy
Seller's Agent
Greg Gorman
John R Wood Properties
Buyer's Agent
Mary Smith
Premiere Plus Realty Company
List Price
$2,699,000
Sold Price
$2,100,000
Premium/Discount to List
-$599,000
-22.19%
Current Estimated Value
$2,747,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$647,861
Avg. Annual Appreciation
5.18%

Purchase Details

Listed on
Feb 19, 2019
Closed on
Mar 29, 2019
Sold by
Raymond James Trust Na
Bought by
Plesner Anthony and Plesner Serena
Seller's Agent
Greg Gorman
John R Wood Properties
Buyer's Agent
David Burke
John R Wood Properties
List Price
$1,150,000
Sold Price
$950,000
Premium/Discount to List
-$200,000
-17.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
92.62%

Purchase Details

Closed on
Jun 29, 2013
Sold by
Merritt Leslie G
Bought by
Leslie G Merritt Trust Agreement
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
Lewis Neal $2,100,000 Attorney
Plesner Anthony $950,000 Attorney
Leslie G Merritt Trust Agreement -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/12/2020 06/12/20 Sold $2,100,000 -12.5% $690 / Sq Ft
05/20/2020 05/20/20 Pending -- -- --
05/19/2020 05/19/20 Price Changed $2,400,000 -4.0% $788 / Sq Ft
03/04/2020 03/04/20 Price Changed $2,499,000 0.0% $821 / Sq Ft
02/18/2020 02/18/20 Price Changed $2,500,000 -3.8% $821 / Sq Ft
01/21/2020 01/21/20 Price Changed $2,599,000 -3.7% $854 / Sq Ft
12/08/2019 12/08/19 For Sale $2,699,000 +184.1% $886 / Sq Ft
03/29/2019 03/29/19 Sold $950,000 -17.4% $316 / Sq Ft View Prior Sale
03/12/2019 03/12/19 Pending -- -- --
02/19/2019 02/19/19 For Sale $1,150,000 -- $383 / 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 $21,175 $1,915,482 -- --
2024 $19,624 $1,741,347 -- --
2023 $19,624 $1,583,043 $0 $0
2022 $17,484 $1,439,130 $0 $0
2021 $15,422 $1,308,300 $0 $1,308,300
2020 $13,117 $1,113,875 $0 $1,113,875
2019 $14,943 $1,272,250 $0 $1,272,250
2018 $14,576 $1,218,125 $0 $1,218,125
2017 $14,062 $1,195,125 $0 $1,195,125
2016 $4,886 $409,899 $0 $0
2015 $4,836 $407,050 $0 $0
2014 $4,759 $353,819 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 219082058

Naples Area Board of REALTORS®

APN: 66272040007