$8,500,000
SOLD MAR 26, 2020
7 Beds
10 Baths
9,154 Sq Ft
0.67 Acres

Recently Sold

$929 Per Sq Ft

23% Below List Price

475 Days on Market

Highlights

  • 105 Feet of Waterfront
  • Property has ocean access
  • Heated Pool
  • Limestone Creek Elementary School Rated A-
  • Home Theater
  • River View

About This Home

As of March 2020

This impeccable 7 bed/7 bath riverfront estate is a sanctuary of relaxation. Newly remodeled by Turtle Beach Construction, this home boasts luxury and craftsmanship with an open-floor plan, high-end finishes, and European White Oak flooring throughout. With 105 feet of uninterrupted waterfrontage, it has some of the most captivating views south Florida has to offer. This home features a gourmet chef's kitchen complete with marble counter-tops, Downsview cabinetry, 2 large islands, and a La Cornue gas stove, home theater, and a 2 bed/2 bath guest house. Additional features include Crestron lighting systems, wine cellar, elevator, air conditioned 8-car garage, gas fireplace, whole house generator, water filtration system, and a large master suite with a new custom bathroom and steam shower.

Last Agent to Sell the Property

Nicholas Peterson

Daniel Riordan License #3306971 Listed on: 11/06/2018

Daniel Riordan

Last Buyer's Agent

Wilhelm Nash

The Keyes Company (Tequesta) License #3344198

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $90,223

Year Built

  • Built in 2013

Lot Details

  • 0.67 Acre Lot
  • 105 Feet of Waterfront
  • Home fronts navigable water
  • River Front
  • Fenced
  • Sprinkler System

Parking

  • 8 Car Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Barrel Roof Shape

Interior Spaces

  • 9,154 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Built-In Features
  • High Ceiling
  • Decorative Fireplace
  • Plantation Shutters
  • Blinds
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Home Theater
  • Den
  • River Views

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • In-Law or Guest Suite
  • Dual Sinks

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Security Lights
  • Security Gate
  • Impact Glass

Outdoor Features

  • Heated Pool
  • Property has ocean access
  • Seawall
  • Deck
  • Patio
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Pennock Point Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00424035010000040

Home Details

Home Type

Single Family

Est. Annual Taxes

$90,223

Year Built

Built in 2013

Lot Details

0

Parking

8

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Indiantown Road to Center Street to Loxahatchee River Road - North to Pennock Point Road.
  • Year Built: 2013
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Breakfast Area, Closet Cabinetry, Dining Area, Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, Eat-in Kitchen, Elevator, Fireplace, High Ceilings, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 7
  • Half Bathrooms: 3
  • Total Bedrooms: 7
  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Flooring: Marble, Wood
  • Living Area: 9154.0
  • Dining Room Type: Den, Family Room, In-Law Suite, Laundry, Media Room, Storage Room
  • Stories: 2
  • Window Features: Blinds, Drapes, Impact Glass, Plantation Shutters

Exterior Features

  • Exterior Features: Deck, Fence, Outdoor Grill, Patio
  • View: River
  • Road Frontage Type: Waterfront
  • Lot Features: Sprinklers Automatic
  • Pool Features: Heated, Pool
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Navigable Water, Ocean Access, River Front, Seawall
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Deck, Patio
  • Property Condition: Resale
  • Roof: Barrel

Garage/Parking

  • Covered Parking Spaces: 8.0
  • Attached Garage: Yes
  • Garage Spaces: 8.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Detached, Garage, Two or More Spaces, Garage Door Opener

Utilities

  • Security: Security System, Closed Circuit Camera(s), Security Gate, Security Lights
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 00424035010000040
  • Lot Size: 100.0 ft x 275.0 ft
  • Lot Size Sq Ft: 29250.0
  • Zoning Description: RES
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 90223.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2018
Closed on
Mar 9, 2020
Sold by
Holliday Leslee Ann
Bought by
Frederico Dominic J and Frederico Michelle
Seller's Agent
Nicholas Peterson
Daniel Riordan
Buyer's Agent
Wilhelm Nash
The Keyes Company (Tequesta)
List Price
$11,000,000
Sold Price
$8,500,000
Premium/Discount to List
-$2,500,000
-22.73%
Current Estimated Value
$8,626,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,030
Avg. Annual Appreciation
-0.02%
Original Mortgage
$6,000,000
Outstanding Balance
$5,374,635
Interest Rate
3.3%
Mortgage Type
Credit Line Revolving
Estimated Equity
$3,114,945

Purchase Details

Listed on
Aug 26, 2016
Closed on
Sep 29, 2016
Sold by
Theryoung Richard and Theryoung Patricia
Bought by
Mcdermott Kimberly B and Austin Missouri Real Estate Trust
Seller's Agent
Robert Thomson
Waterfront Properties & Club C
Buyer's Agent
Amber Marmol
Premier Properties of South Fl
List Price
$7,850,000
Sold Price
$7,000,000
Premium/Discount to List
-$850,000
-10.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.72%

Purchase Details

Listed on
May 3, 2015
Closed on
Jul 10, 2015
Sold by
Simovitch Shana H and Simovitch Ryan W
Bought by
Theryoung Patricia and Theryoung Richard
Seller's Agent
Milla Russo
Illustrated Properties LLC (Jupiter)
Buyer's Agent
Laurie Elliott
Illustrated Properties LLC (Jupiter)
List Price
$5,500,000
Sold Price
$5,400,000
Premium/Discount to List
-$100,000
-1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.70%
Original Mortgage
$3,240,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2010
Sold by
Simovitch Ryan W and Simovitch Shana H
Bought by
Simovitch Ryan W and Simovitch Shana H

Purchase Details

Closed on
Sep 15, 2009
Sold by
Glowacki David and Glowacki Ellen
Bought by
Simovitch Ryan W and Hirsch Shana S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
5.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2006
Sold by
Cumerma Carlos and Cumerma Maria
Bought by
Glowacki David and Glowacki Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,767,500
Interest Rate
1.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 18, 2002
Sold by
Leaver Sandra L and Leaver Brian E
Bought by
Cumerma Carlos and Cumerma Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
4.5%

Purchase Details

Closed on
May 20, 1994
Sold by
Blalock R Ann and Blalock Michael
Bought by
Leaver Sandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
8.48%
Source: Public Records

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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 Type Sale Price Title Company
Warranty Deed $8,500,000 Assured Title Agency
Warranty Deed $7,000,000 None Available
Warranty Deed $5,400,000 Summit Title Services Corp
Interfamily Deed Transfer -- Attorney
Warranty Deed $1,500,000 Patch Reef Title Company Inc
Warranty Deed $2,525,000 None Available
Warranty Deed $1,500,000 Seacrest Title Company
Warranty Deed $475,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $6,000,000 Credit Line Revolving
Previous Owner $3,240,000 New Conventional
Previous Owner $2,000,000 Construction
Previous Owner $990,000 New Conventional
Previous Owner $1,100,000 New Conventional
Previous Owner $1,767,500 Fannie Mae Freddie Mac
Previous Owner $100,000 Credit Line Revolving
Previous Owner $1,500,000 Unknown
Previous Owner $50,000 Credit Line Revolving
Previous Owner $975,000 No Value Available
Previous Owner $380,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2020 03/26/20 Sold $8,500,000 -22.7% $929 / Sq Ft
02/25/2020 02/25/20 Pending -- -- --
11/06/2018 11/06/18 For Sale $11,000,000 +57.1% $1,202 / Sq Ft
09/29/2016 09/29/16 Sold $7,000,000 -10.8% $1,101 / Sq Ft
08/30/2016 08/30/16 Pending -- -- --
08/26/2016 08/26/16 For Sale $7,850,000 +45.4% $1,235 / Sq Ft
07/10/2015 07/10/15 Sold $5,400,000 -1.8% $847 / Sq Ft
06/10/2015 06/10/15 Pending -- -- --
05/03/2015 05/03/15 For Sale $5,500,000 -- $862 / Sq Ft
Source: BeachesMLS

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 $171,739 $10,515,238 -- --
2023 $168,177 $10,208,969 $0 $0
2022 $134,101 $7,633,159 $0 $0
2021 $118,482 $6,760,855 $2,040,000 $4,720,855
2020 $113,718 $6,424,624 $2,000,000 $4,424,624
2019 $109,352 $6,075,113 $2,000,000 $4,075,113
2018 $90,098 $5,194,925 $2,142,000 $3,052,925
2017 $90,222 $5,118,040 $0 $0
2016 $77,851 $4,257,651 $0 $0
2015 $58,798 $3,138,647 $0 $0
2014 $59,501 $3,158,678 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10478886

BeachesMLS

APN: 00-42-40-35-01-000-0040