NOT LISTED FOR SALE

5399 SE Reef Way Stuart, FL 34997

Estimated Value: $788,000 - $926,277

0.5 Acre
$1,704,998 Price per Acre
21,954 Sq Ft Lot

Last Sold May 31, 2022

Last sale price $252,500

Est. 240% increase in value since last sale

Current estimated payment $5,409/month

37 Days on Market

Highlights

  • Gated Community
  • Tennis Courts
  • Trails
  • 0.5 Acre Lot

About This Lot

As of May 2022

Sizeable lot to build your dream home in the gated community of The Reef. The quaint neighborhood is very private with mature trees and quiet streets to enjoy the sound of tropical breezes rustling the leaves. Wonderful parks within walking distance where you can appreciate nature trails and views of the Intracoastal Waterway and the Indian River Lagoon. Private kayak/canoe launch area for residents. The Rocky Point area has public boat ramps close by with world class fishing just a short boat ride away, or just savor the leisurely lifestyle relaxing on the sandbar. Many great restaurants and shops conveniently in historic Port Salerno, Downtown Stuart, and Hobe Sound.

Last Agent to Sell the Property

Jeremy Taylor

Berkshire Hathaway Florida Realty License #3308534 Listed on: 10/22/2021

Berkshire Hathaway Florida Realty

Last Buyer's Agent

Susan Maxwell

RE/MAX of Stuart - Palm City License #3068075

RE/MAX of Stuart - Palm City

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,007

Lot Details

  • 0.5 Acre Lot

HOA Fees

  • $83 Monthly HOA Fees

Community Details

Overview

  • Association fees include management, common areas, recreation facilities, reserve fund, security
  • Association Phone (772) 232-8282

Recreation

  • Tennis Courts
  • Trails

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$2,007

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Directions: From Dixie Hwy., go North on Anchor Way. Turn Right on Horseshoe Point Road. Turn Left on Kubin Avenue. Turn Right into The Reef gated community. Property is the vacant corner lot on the left.
  • Lot Size Acres: 0.504
  • Property Attached Yn: No
  • Property Sub Type: Detached
  • Property Sub Type Additional: Detached,Single Family Residence
  • Prop. Type: Land
  • Subdivision Name: Reef & Rep
  • Ownership: Fee Simple
  • Special Features: None

Exterior Features

  • Disclosures: Seller Disclosure
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 83.0
  • Phone: 772-232-8282
  • Association: Yes
  • Community Features: Tennis Court(s), Trails/Paths, Gated

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Recreation Facilities, Reserve Fund, Security

Lot Info

  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2007.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2021
Closed on
May 26, 2022
Sold by
Davenport Dale W
Bought by
Putt Michael and Putt Jacquelyn
Seller's Agent
Jeremy Taylor
Berkshire Hathaway Florida Realty
Buyer's Agent
Susan Maxwell
RE/MAX of Stuart - Palm City
List Price
$300,000
Sold Price
$252,500
Premium/Discount to List
-$47,500
-15.83%
Current Estimated Value
$859,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$606,819
Avg. Annual Appreciation
39.87%
Original Mortgage
$705,821
Outstanding Balance
$666,086
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$193,233

Purchase Details

Closed on
Oct 14, 2021
Sold by
Davenport Lewis Gibson and Davenport Lewis G
Bought by
Davenport Dale W

Purchase Details

Closed on
Nov 7, 2020
Sold by
Banocy Beth L and Estate Of Lewis G Davenport
Bought by
Davenport Dale W

Purchase Details

Closed on
Jan 19, 2001
Sold by
Wunder Daniel J
Bought by
Davenport Lewis G and Davenport Betty J

Purchase Details

Closed on
Aug 15, 1999
Sold by
Wunder Daniel J
Bought by
Davenport Lewis G and Davenport Betty J

Purchase Details

Closed on
Jul 10, 1998
Sold by
Harwood John and Harwood Doreen A
Bought by
Wunder Daniel J

Purchase Details

Closed on
May 3, 1996
Sold by
Seafield Land Corp
Bought by
Harwood John K and Harwood Doreen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,936
Interest Rate
7.77%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Putt Michael $252,500 Christopher J Twohey Pa
Davenport Dale W $100 None Listed On Document
Davenport Dale W -- Attorney
Davenport Lewis G $53,500 --
Davenport Lewis G -- --
Wunder Daniel J $47,500 --
Harwood John K $42,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Putt Michael $705,821
Previous Owner Harwood John K $33,936
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2022 05/31/22 Sold $252,500 -15.8% --
11/28/2021 11/28/21 Pending -- -- --
10/22/2021 10/22/21 For Sale $300,000 -- --
Source: Martin County REALTORS® of the Treasure Coast

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 $10,261 $657,886 -- --
2024 $3,756 $639,345 -- --
2023 $3,756 $200,000 $200,000 $0
2022 $2,547 $137,500 $0 $0
2021 $2,163 $125,000 $125,000 $0
2020 $2,007 $115,000 $115,000 $0
2019 $2,024 $115,000 $115,000 $0
2018 $2,013 $115,000 $115,000 $0
2017 $2,172 $140,000 $140,000 $0
2016 $2,156 $150,000 $150,000 $0
2015 $1,658 $101,000 $101,000 $0
2014 $1,658 $101,000 $101,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeremy Taylor

    Seller's Agent in 2022

    Jeremy Taylor

    Berkshire Hathaway Florida Realty

    (772) 285-0003

    3 in this area

    55 Total Sales

    Jeremy Taylor
    Section Image
  • Susan Maxwell

    Buyer's Agent in 2022

    Susan Maxwell

    RE/MAX

    (772) 220-1116

    12 in this area

    499 Total Sales

    Susan Maxwell
    Section Image
  • Jacqueline Palmeri

    Buyer Co-Listing Agent in 2022

    Jacqueline Palmeri

    RE/MAX

    (772) 359-5645

    2 in this area

    66 Total Sales

    Jacqueline Palmeri
    Section Image
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Map

Source: Martin County REALTORS® of the Treasure Coast

MLS Number: M20031596

Martin County REALTORS® of the Treasure Coast

APN: 48-38-41-270-000-00050-5

Florida Martin County Stuart 34997

5399 SE Reef Way, Stuart, FL

Not Listed for Sale

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