NOT LISTED FOR SALE

551 Palermo Cir Fort Myers Beach, FL 33931

Estimated Value: $2,727,646 - $3,551,000

5 Beds
5 Baths
4,016 Sq Ft
$795/Sq Ft Est. Value

Last Sold April 18, 2018

Last sale price $1,775,000 $442 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $18,879/month

Highlights

  • Boat Dock
  • Concrete Pool
  • Canal Access
  • Fort Myers Beach Elementary School Rated A-
  • Waterfront
  • Canal View

About This Home

As of April 2018

Majestic turnkey furnished home! This 5 Bedroom 5 Bath homes includes a large, open concept kitchen is stunning, complete with a marble top island, beautiful cabinetry, SS appliances and dining nook. The breathtaking Master BR faces the canal and offers direct access to a large outdoor sitting area. It also features an indoor sitting area, and an on-suite bathroom with a walk in shower and a large walk in closet that provides access to your own private crow's nest, providing an impressive view of the bay/ocean. This home is located in the is in a weekly rental zone and is within walking distance to all the dining & entertainment.

Last Agent to Sell the Property

Jenn Baker

Maxim LLC License #258026017 Listed on: 04/18/2018

Last Buyer's Agent

Joseph Orlandini

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,422

Year Built

  • Built in 2016

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 49 x 112 x 51 x 113
  • Waterfront
  • East Facing Home
  • Fenced
  • Rectangular Lot
  • Sprinkler System
  • Property is zoned RS-1

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Entry on the 1st floor
  • Tile Roof
  • Stucco

Interior Spaces

  • 4,016 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Furnished
  • Transom Windows
  • Casement Windows
  • Loft
  • Tile Flooring
  • Canal Views

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Breakfast Bar
  • Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • 5 Full Bathrooms
  • Bathtub
  • Multiple Shower Heads
  • Separate Shower

Laundry

  • Dryer
  • Washer

Home Security

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

Pool

  • Concrete Pool
  • Gunite Spa

Outdoor Features

  • Canal Access
  • Deck
  • Open Patio
  • Outdoor Grill
  • Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 5 / E
  • Assessor Parcel Number 19-46-24-W4-0060E.0050

Community Details

Overview

  • No Home Owners Association
  • Venetian Gardens Subdivision

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,422

Year Built

Built in 2016

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.13
  • Lot Size: 49 x 112 x 51 x 113
  • Road Surface Type: Paved
  • Ownership: Single Family
  • Subdivision Name: VENETIAN GARDENS
  • Directions: Estero Blvd south to Palermo Cir. Turn Left onto Palermo Cir. home is on the right.
  • Architectural Style: Multi-Level
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: Yes
  • Year Built: 2016
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Spa Features: Gunite
  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Disposal, Ice Maker, Microwave, Range, Refrigerator, Wine Cooler, Washer
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Flooring: Tile
  • Interior Amenities: Breakfast Bar, Breakfast Area, Bathtub, Eat-in Kitchen, Kitchen Island, Multiple Shower Heads, Pantry, See Remarks, Separate Shower, Upper Level Master, Walk-In Closet(s), Elevator, Loft
  • Living Area: 4016.0
  • Stories: 3
  • Window Features: Casement Window(s), Transum Window(s), Impact Glass
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Rectangular Lot, Sprinklers Automatic
  • Pool Features: Concrete
  • Pool Private: Yes
  • View: Canal
  • View: Yes
  • Waterfront Features: Canal Access
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: East
  • Exterior Features: Deck, Fence, Security/High Impact Doors, Sprinkler/Irrigation, Outdoor Grill, Patio, Gas Grill
  • Patio And Porch Features: Deck, Open, Patio, Porch
  • Property Condition: Resale
  • Roof: Tile

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, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Boat Facilities
  • Amenities: See Remarks
  • Association: No
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: None

Lot Info

  • Parcel #: 19-46-24-W4-0060E.0050
  • Zoning Description: RS-1
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 19422.0
  • Tax Block: E
  • Tax Lot: 5
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2024
Sold by
R & D Enterprises Of Plover Llc
Bought by
551 Palermo Llc
Current Estimated Value
$3,194,215

Purchase Details

Listed on
Apr 18, 2018
Closed on
May 8, 2018
Sold by
Fcg Associates Llc
Bought by
R And D Enterprises Plover Llc
Seller's Agent
Jenn Baker
Maxim LLC
Buyer's Agent
Joseph Orlandini
List Price
$1,775,000
Sold Price
$1,775,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.12%

Purchase Details

Closed on
Aug 1, 2016
Sold by
Fmb Water Front Investment Group Llc
Bought by
Fcg Associates Llc

Purchase Details

Closed on
Aug 11, 2014
Sold by
Kline Lyle L
Bought by
Fmb Water Front Investment Group Llc

Purchase Details

Closed on
Nov 16, 2006
Sold by
Thurston Margaret A and Wade Douglas C
Bought by
Kline Lyle L and The Lyle L Kline Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,200
Interest Rate
6.25%
Mortgage Type
Unknown
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
551 Palermo Llc $100 None Listed On Document
551 Palermo Llc $100 None Listed On Document
R And D Enterprises Plover Llc $1,775,000 Sage Harbor Title
Fcg Associates Llc -- None Available
Fmb Water Front Investment Group Llc $300,000 Attorney
Kline Lyle L $499,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kline Lyle L $399,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2018 04/18/18 Sold $1,775,000 0.0% $442 / Sq Ft
04/18/2018 04/18/18 For Sale $1,775,000 -- $442 / 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 $25,527 $1,918,503 $830,047 $980,667
2024 $5,871 $1,880,903 $878,967 $899,307
2023 $5,871 $403,370 $403,360 $10
2022 $26,213 $1,600,464 $0 $0
2021 $21,681 $1,539,129 $378,006 $1,161,123
2020 $19,761 $1,322,697 $296,800 $1,025,897
2019 $19,303 $1,283,130 $296,800 $986,330
2018 $18,608 $1,252,410 $296,800 $955,610
2017 $19,422 $1,280,681 $246,400 $1,034,281
2016 $4,060 $253,196 $253,196 $0
2015 $4,124 $264,525 $254,372 $10,153
2014 -- $156,053 $145,900 $10,153
2013 -- $239,549 $229,396 $10,153
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jenn Baker

    Maxim LLC

    (727) 458-2320

    8 Total Sales

    Jenn Baker
    Section Image

  • J

    Buyer's Agent in 2018

    Joseph Orlandini

  • J

    Buyer's Agent in 2018

    Joe Orlandini

    ERA Right Choice Realty

    (239) 823-6654

    12 in this area

    15 Total Sales

    Joe Orlandini
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 218029260

Florida Gulf Coast Multiple Listing Service

APN: 19-46-24-W4-0060E.0050

Florida Lee County Fort Myers Beach 33931

551 Palermo Cir, Fort Myers Beach, FL

This home is located at 551 Palermo Cir, Fort Myers Beach, FL 33931 since 18 April 2018 and is currently estimated at $3,194,215, approximately $795 per square foot. This property was built in 2016. 551 Palermo Cir is a home located in Lee County with nearby schools including Fort Myers Beach Elementary School, Cypress Lake Middle School, and Fort Myers Middle Academy.

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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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