NOT LISTED FOR SALE

537 Lake Murex Cir Sanibel, FL 33957

Estimated Value: $1,252,074 - $1,490,000

3 Beds
3 Baths
2,023 Sq Ft
$667/Sq Ft Est. Value

Last Sold October 27, 2020

Last sale price $1,044,750 $516 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $8,030/month

52 Days on Market

Highlights

  • Lake Front
  • Heated In Ground Pool
  • Vaulted Ceiling
  • Sanibel Elementary School Rated A-
  • 0.94 Acre Lot
  • Florida Architecture

About This Home

As of October 2020

Stunning lake views from this gorgeous near beach southern exposure pool home. This home has been remodeled with attention to every detail. Imported Legno Bastone wide wood plank floors from France, Alumacore plantation shutters, Hans Grohe & Axor tank-less toilets and bath fixtures, spacious open kitchen with solid surface countertops, Samsung stainless appliances & breakfast bar. The large covered rear lanai offers a beautiful lakefront setting perfect for morning coffee while watching an abundance of wildlife. Spend your afternoons or evenings relaxing in the pool/spa overlooking the tranquil lake and enjoy cooking dinner using your custom built outdoor kitchen featuring Delta Gas Grill, stainless construction Big Green Egg, sink, refrigerator and additional storage. This home boasts all en-suite bedrooms/bath making both waterfront rooms functions as two master suites. The vaulted ceilings allow for a lot of natural light and as well as an elevator and fenced rear yard for the dog

Last Agent to Sell the Property

Jason Lomano

Royal Shell Real Estate, Inc. License #280500233 Listed on: 08/05/2020

Royal Shell Real Estate, Inc.

Co-Listed By

John Nicholson

Royal Shell Real Estate, Inc. License #280500067

Last Buyer's Agent

Eric Pfeifer

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,601

Year Built

  • Built in 1985

Lot Details

  • 0.94 Acre Lot
  • Lot Dimensions are 126 x 328 x 126 x 319
  • Lake Front
  • North Facing Home
  • Fenced
  • Rectangular Lot

HOA Fees

  • $15 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Florida Architecture
  • Entry on the 1st floor
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,023 Sq Ft Home
  • 1-Story Property
  • Elevator
  • Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Sliding Windows
  • Lake Views

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 3 Full Bathrooms
  • Dual Sinks
  • Shower Only
  • Separate Shower

Home Security

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

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Screen Enclosure
  • Pool Equipment or Cover

Outdoor Features

  • Screened Patio
  • Outdoor Kitchen
  • Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 13 / 700
  • Assessor Parcel Number 27-46-22-T4-00700.0130

Community Details

Overview

  • Association Phone (239) 898-0732
  • Little Lake Murex Subdivision

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,601

Year Built

Built in 1985

Lot Details

0

HOA Fees

$15 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.938
  • Lot Size: 126 x 328 x 126 x 319
  • Co List Office Mls Id: PREFP
  • Co List Office Phone: (239) 472-0078
  • Ownership: Single Family
  • Subdivision Name: LITTLE LAKE MUREX
  • Architectural Style: Florida
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: Yes
  • Year Built: 1985
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour

Interior Features

  • Furnished: Unfurnished
  • Spa Features: Electric Heat, In Ground, Screened
  • Private Spa: Yes
  • Appliances: Dishwasher, Disposal, Ice Maker, Microwave, Range, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Tile, Wood
  • Interior Amenities: Breakfast Bar, Dual Sinks, Shower Only, Separate Shower, Vaulted Ceiling(s), Bar, Elevator, Split Bedrooms
  • Living Area: 2023.0
  • Stories: 1
  • Window Features: Sliding, Impact Glass
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Features: Electric Heat, Heated, In Ground, Pool Equipment, Screen Enclosure
  • Pool Private: Yes
  • View: Lake
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Stucco, Wood Siding, Wood Frame
  • Direction Faces: North
  • Exterior Features: Fence, Security/High Impact Doors, Outdoor Kitchen
  • Patio And Porch Features: Porch, Screened
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Laundry Features: Inside
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated, Tennis Court(s)
  • Amenities: Tennis Court(s)
  • Association Fee: 184.0
  • Association Fee Frequency: Annually
  • Phone: 239-898-0732
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: None

Lot Info

  • Parcel #: 27-46-22-T4-00700.0130
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 9601.0
  • Tax Block: 700
  • Tax Lot: 13
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2020
Closed on
Oct 27, 2020
Sold by
Malchow Torsten and Malchow Inga
Bought by
Mcdonald Paul R and Mcdonald Donna E
Seller's Agent
Jason Lomano
Royal Shell Real Estate, Inc.
Buyer's Agent
Eric Pfeifer
List Price
$1,095,000
Sold Price
$1,044,750
Premium/Discount to List
-$50,250
-4.59%
Current Estimated Value
$1,349,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,519
Avg. Annual Appreciation
5.26%

Purchase Details

Listed on
Oct 24, 2016
Closed on
Apr 28, 2017
Sold by
Salerno Richard D and Salerno Christina M
Bought by
Malchow Torsten and Malchow Inga
Seller's Agent
Susan Andrews
SanibelSusan Realty Associates
Buyer's Agent
Jason Lomano
Royal Shell Real Estate, Inc.
List Price
$949,000
Sold Price
$850,000
Premium/Discount to List
-$99,000
-10.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.07%
Original Mortgage
$672,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 19, 2014
Sold by
Salerno Richard D
Bought by
Salerno Richard D and Salerno Christina M

Purchase Details

Closed on
May 15, 2012
Sold by
Salerno Richard D and Salerno Christina M
Bought by
Salerno Richard D and Richard D Salerno Revocable Living Trust

Purchase Details

Closed on
Oct 15, 2009
Sold by
Nolden Phillip H and Nolden Sherrie K
Bought by
Salerno Richard D and Salerno Christina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2003
Sold by
Nolden Phillip H
Bought by
Nolden Phillip H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
5.76%

Purchase Details

Closed on
Apr 25, 2003
Sold by
Kelly William Pebbles
Bought by
Nolden Phillip H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
5.76%

Purchase Details

Closed on
Jul 19, 2002
Sold by
Himmelstein Sydney
Bought by
Kelly William Pebbles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,000
Interest Rate
6.67%

Purchase Details

Closed on
Apr 25, 1997
Sold by
Dopoulos Caren J
Bought by
Himmelstein Ingeborg
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
Mcdonald Paul R $1,044,800 Realty Ttl Svcs Of Sanibel L
Malchow Torsten $850,000 Barrier Island Title
Salerno Richard D -- Attorney
Salerno Richard D -- Attorney
Salerno Richard D $705,000 Barrier Island Title Service
Nolden Phillip H -- --
Nolden Phillip H $313,800 --
Nolden Phillip H $313,800 --
Kelly William Pebbles $635,000 --
Himmelstein Ingeborg $335,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Malchow Torsten $672,000
Previous Owner Salerno Richard D $417,000
Previous Owner Nolden Phillip H $425,000
Previous Owner Nolden Phillip H $425,000
Previous Owner Kelly William Pebbles $508,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/27/2020 10/27/20 Sold $1,044,750 -4.6% $516 / Sq Ft
09/27/2020 09/27/20 Pending -- -- --
08/05/2020 08/05/20 For Sale $1,095,000 +28.8% $541 / Sq Ft
04/28/2017 04/28/17 Sold $850,000 -10.4% $420 / Sq Ft View Prior Sale
03/29/2017 03/29/17 Pending -- -- --
10/24/2016 10/24/16 For Sale $949,000 -- $469 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

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 $10,595 $773,763 -- --
2024 $6,286 $751,956 -- --
2023 $6,286 $449,863 $449,853 $10
2022 $9,519 $703,623 $0 $0
2021 $9,589 $683,129 $266,893 $416,236
2020 $9,313 $657,306 $261,600 $395,706
2019 $9,601 $673,454 $261,600 $411,854
2018 $9,902 $680,715 $261,600 $419,115
2017 $8,575 $578,979 $0 $0
2016 $8,536 $644,441 $254,000 $390,441
2015 $8,693 $634,607 $254,000 $380,607
2014 $8,704 $579,780 $220,800 $358,980
2013 -- $550,404 $228,500 $321,904
Source: Public Records

Agents Affiliated with this Home

  • Jason Lomano

    Seller's Agent in 2020

    Jason Lomano

    Royal Shell Real Estate, Inc.

    (239) 470-8628

    14 in this area

    56 Total Sales

    Jason Lomano
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    John Nicholson

    Royal Shell Real Estate, Inc.

    (239) 849-3250

    30 in this area

    59 Total Sales

    John Nicholson
    Section Image

  • E

    Buyer's Agent in 2020

    Eric Pfeifer

    Section Image
  • Susan Andrews

    Seller's Agent in 2017

    Susan Andrews

    SanibelSusan Realty Associates

    (239) 565-3128

    50 in this area

    52 Total Sales

    Susan Andrews
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 220047723

Florida Gulf Coast Multiple Listing Service

APN: 27-46-22-T4-00700.0130

Florida Lee County Sanibel 33957

537 Lake Murex Cir, Sanibel, FL

This home is located at 537 Lake Murex Cir, Sanibel, FL 33957 since 05 August 2020 and is currently estimated at $1,349,269, approximately $666 per square foot. This property was built in 1985. 537 Lake Murex Cir is a home located in Lee County with nearby schools including Sanibel Elementary School, Cypress Lake Middle School, and Cypress Lake High School.

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Florida Gulf Coast Multiple Listing Service The information is being provided by Southwest Florida Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service. All Rights Reserved

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