NOT LISTED FOR SALE

5501 Bay Meadows Dr Milton, FL 32583

Estimated Value: $1,006,000 - $1,312,000

4 Beds
4 Baths
4,408 Sq Ft
$261/Sq Ft Est. Value

Sale Details

Date Sold: September 13, 2021

Last sale price $925,000 $210 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $6,833 / mo

1 Day on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Primary Bedroom Suite
  • Pond
  • Home fronts a pond
  • 3.14 Acre Lot
  • Recreation Room

About This Home

As of September 2021

This exquisite Escambia Bay estate with breathtaking water views sits on a lush acreage & features impeccable attention to architectural design & details, incredible craftsmanship with high quality finishes. This home & its rare features are built for enjoying the good life with friends and family. From the beautifully crafted grand front entrance, Travertine tile & Bamboo flooring, to the amazing water views throughout the home, this is only the beginning. There are so many amenities & UPDATES: 3 new air conditioning/heating units ~3 new hot water tanks ~Beautifully reconditioned stucco and new exterior paint ~New marble front entrance ~Full gourmet kitchen with VIKING stainless appliances, an island, gorgeous granite & copper farmhouse sink ~Expansive covered decks on both the first & second floors overlook the Bay & second floor deck is screen enclosed ~2 Master Suites - one downstairs & one upstairs, both have new Bamboo floors, En Suite bathrooms with relaxing jetted tubs, separate showers, double sink vanities, walk-in closets & each access the tranquility of the outdoor decks ~A loft, gym area & grand Billiards room are on the second floor with endless water views & deck entry ~Detached oversized 3 bay garage with workshop space is accessed by marble-tiled covered walkway ~Stone craftmanship fireplaces in both the formal living & family rooms ~Beautiful custom iron work, built-in vacuum system, new interior paint ~Spring fed front pond...AND a short walk through your backyard haven is an immense waterfront gazebo ideal for making your own outdoor living and kitchen area at the edge of the peacefulness of the Bay. What an elegant estate!

Last Agent to Sell the Property

ecn.rets.e02901

ecn.rets.RETS_OFFICE Listed on: 07/23/2021

Last Buyer's Agent

Christopher Kuhr

Realty ONE Group Emerald Coast License #3390816

Realty ONE Group Emerald Coast

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,445

Year Built

  • Built in 1993

Lot Details

  • 3.14 Acre Lot
  • Lot Dimensions are 735x140x534x187
  • Home fronts a pond
  • Property Fronts a Bay or Harbor
  • Cul-De-Sac

Parking

  • 3 Car Detached Garage

Property Views

  • Bay
  • Pond

Home Design

  • Traditional Architecture
  • Off Grade Structure
  • Frame Construction
  • Slate Roof
  • Stucco
  • Slate

Interior Spaces

  • 4,408 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Fireplace
  • Great Room
  • Recreation Room
  • Home Gym

Kitchen

  • Breakfast Bar
  • Double Oven
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • 4 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom

Outdoor Features

  • Pond
  • Balcony
  • Covered Deck
  • Gazebo

Schools

  • Bagdad Elementary School
  • Avalon Middle School
  • Milton High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Two Heating Systems
  • Propane
  • Multiple Water Heaters
  • Electric Water Heater
  • Septic Tank

Community Details

  • Nonesuch Way Subdivision

Listing and Financial Details

  • Assessor Parcel Number 10-1S-28-0000-00303-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,445

Year Built

Built in 1993

Lot Details

3.14 Acres

Parking

3

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 3.14
  • Lot Size: 735x140x534x187
  • Subdivision Name: NONESUCH WAY
  • Directions: From I-10 take the exit for Hwy 281 and go south for just over a mile, turn West (right) on Bay Meadows Drive, home is at the end of the cul-de-sac
  • Architectural Style: Traditional
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1993
  • Remarks Misc:Remarks: This exquisite Escambia Bay estate with breathtaking water views sits on a lush acreage & features impeccable attention to architectural design & details, incredible craftsmanship with high quality finishes. This home & its rare features are built for enjoying the good life with friends and family. From the beautifully crafted grand front entrance, Travertine tile & Bamboo flooring, to the amazing water views throughout the home, this is only the beginning. There are so many amenities & UPDATES: 3 new air conditioning/heating units ~3 new hot water tanks ~Beautifully reconditioned stucco and new exterior paint ~New marble front entrance ~Full gourmet kitchen with VIKING stainless appliances, an island, gorgeous granite & copper farmhouse sink ~Expansive covered decks on both
  • Utilities Electric: Yes
  • Utilities:Public Water: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Utilities:Septic Tank: Yes
  • Appliances Microwave: Yes
  • Waterfront:Bay: Yes
  • Waterview:Bay2: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:AC - 2 or More: Yes
  • Utilities:Gas - Propane: Yes
  • Rooms:Great Room: Yes
  • Energy:Heat - Two or More: Yes
  • Waterfront:Pond: Yes
  • Energy:Water Heater - Two: Yes
  • Waterview:Pond2: Yes
  • Rooms:Exercise Room2: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Central Vacuum, Dishwasher, Disposal, Microwave, Oven Double, Refrigerator, Stove/Oven Gas
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Interior Amenities: Breakfast Bar, Ceiling Cathedral, Ceiling Crwn Molding, Ceiling Raised, Ceiling Vaulted, Fireplace 2+, Floor Hardwood, Floor Tile, Floor WW Carpet, Kitchen Island
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Hardwood: Yes
  • Interior:Floor Tile: Yes
  • Interior:Ceiling Cathedral: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Interior:Floor WW Carpet: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Ceiling Vaulted: Yes
  • Interior:Kitchen Island: Yes
  • Appliances:Oven Double: Yes
  • Appliances:Central Vacuum: Yes
  • Interior:Fireplace 2: Yes

Exterior Features

  • Lot Features: Cul-De-Sac
  • View: Pond, Bay
  • Waterfront Features: Bay, Pond
  • Waterfront: Yes
  • Construction Type: Foundation Off Grade, Frame, Roof Tile/Slate, Stucco
  • Exterior Features: Balcony, Deck Covered, Deck Enclosed, Pavillion/Gazebo
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Lot Features:Cul-De-Sac: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Balcony: Yes
  • Exterior:Deck Covered: Yes
  • ConstructionSiding:Frame: Yes
  • Exterior:PavillionGazebo: Yes
  • ConstructionSiding:Roof TileSlate: Yes
  • ConstructionSiding:Foundation Off Grade: Yes
  • Exterior:Deck Enclosed: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: Garage Detached, Oversized
  • General Property Info:Garage2: Yes
  • Parking Features:Oversized: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Gas - Propane, Public Water, Septic Tank

Schools

  • Elementary School: Bagdad
  • High School: Milton
  • Middle Or Junior School: Avalon

Lot Info

  • Lot Size Sq Ft: 136778.4
  • Parcel #: 10-1S-28-0000-00303-0000
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 8445.05
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2021
Closed on
Sep 13, 2021
Sold by
Ross Richard and Ross Katherine
Bought by
Mertins Gary and Mertins Kelly
Seller's Agent
ecn.rets.e02901
ecn.rets.RETS_OFFICE
Buyer's Agent
Christopher Kuhr
Realty ONE Group Emerald Coast
List Price
$925,000
Sold Price
$925,000
Current Estimated Value
$1,113,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,139
Avg. Annual Appreciation
4.93%
Original Mortgage
$693,750
Outstanding Balance
$627,524
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$524,642

Purchase Details

Closed on
Feb 11, 2008
Sold by
Harrelson Betty J and Harrelson Phillip J
Bought by
Ross Richard and Ross Katherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Interest Rate
5.85%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 1, 2003
Sold by
Harrelson Phillip J
Bought by
Anderson Betty J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mertins Gary $925,000 Springdale Title Llc
Ross Richard $710,000 First American Title Ins Co
Anderson Betty J $560,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mertins Gary $693,750
Previous Owner Ross Richard $222,000
Previous Owner Ross Richard $417,000
Previous Owner Anderson Betty J $448,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2021 09/13/21 Sold $925,000 0.0% $210 / Sq Ft
07/24/2021 07/24/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $925,000 -- $210 / Sq Ft
Source: Emerald Coast Association of REALTORS®

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 $10,058 $856,517 -- --
2024 $10,420 $832,378 -- --
2023 $10,420 $808,134 $0 $0
2022 $10,189 $784,596 $0 $0
2021 $8,498 $605,741 $177,114 $428,627
2020 $8,445 $595,712 $0 $0
2019 $6,017 $462,471 $0 $0
2018 $5,717 $435,324 $0 $0
2017 $5,702 $426,370 $0 $0
2016 $5,675 $417,600 $0 $0
2015 $5,773 $414,697 $0 $0
2014 $5,816 $411,406 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 877715

Emerald Coast Association of REALTORS®

APN: 10-1S-28-0000-00303-0000

Your Personal Tour Guide

Ask me questions while you tour the home.