NOT LISTED FOR SALE

5540 Michael Dr Milton, FL 32583

Estimated Value: $246,000 - $650,000

2 Beds
1 Bath
1,024 Sq Ft
$526/Sq Ft Est. Value

Last Sold October 19, 2023

Last sale price $630,250 $615 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $3,309/month

53 Days on Market

Highlights

  • Parking available for a boat
  • New Construction
  • 1.25 Acre Lot
  • Property Fronts a Bay or Harbor
  • Heated Spa
  • Contemporary Architecture

About This Home

As of October 2023

Come see this beautiful home on the water with the bay as your back yard! This wide lot sits on over 250 feet of waterfront with amazing sunset views! The ground floor consists of an enclosed oversize two car garage. Upstairs find the stunning 2 bedroom, 1 bath home with vaulted ceilings in the living/kitchen area. Open floor plan, custom tiled bathroom, large hurricane windows for unobstructed views. This modern home has new appliances, quartz countertops, full size laundry room. Everything you need to make this your home or vacation spot. Lot is large enough to continue to build, owners plan was to build a larger main home, but plans have changed. Looking for the next owners to love this gorgeous lot and make it their own. Lots of room for parking, parking pad in place with water hook ups for camper/RV. Don't miss this opportunity for waterfront living, schedule your private showing today!

Last Agent to Sell the Property

DIANA BARBERI

KELLER WILLIAMS REALTY GULF COAST Listed on: 06/23/2023

KELLER WILLIAMS REALTY GULF COAST

Last Buyer's Agent

Christina Walden

KELLER WILLIAMS REALTY GULF COAST

KELLER WILLIAMS REALTY GULF COAST

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 1.25 Acre Lot
  • Property Fronts a Bay or Harbor
  • The property's road front is unimproved
  • Back Yard Fenced

Parking

  • 2 Car Garage
  • Oversized Parking
  • Parking available for a boat
  • RV Access or Parking

Home Design

  • Contemporary Architecture
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Floor Insulation
  • Shingle Roof

Interior Spaces

  • 1,024 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Combination Kitchen and Dining Room
  • Inside Utility
  • Bay Views
  • Storm Windows

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Dual Closets
  • 1 Full Bathroom
  • Dual Vanity Sinks in Primary Bathroom

Eco-Friendly Details

  • Energy-Efficient Insulation

Outdoor Features

  • Heated Spa
  • Covered Deck
  • Separate Outdoor Workshop
  • Rain Gutters

Schools

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

Utilities

  • Central Heating and Cooling System
  • Baseboard Heating
  • Tankless Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Avalon Subdivision

Listing and Financial Details

  • Assessor Parcel Number 171S280000008020000

Home Details

Home Type

Single Family

Year Built

Built in 2022 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Stories: 2
  • Parcel Number: 171S280000008020000
  • Property Type: Residential
  • Year Built: 2022
  • Electric: Copper Wiring
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 1.25
  • Road Surface Type: Unimproved
  • Subdivision Name: Avalon
  • Directions: South of I-10, head south on Avalon Blvd, turn right on to Pearson Road, right on Michael Drive, go to the end of the road and before the red gate, take a right on the private driveway, follow it around the corner and property is at the end of the private drive straight ahead
  • Architectural Style: Contemporary
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: Yes
  • Efficiency: Insulation, Insulated Floors, Insulated Walls
  • Property Attached Yn: No
  • Kitchen Level: Second
  • Special Features: 4098

Interior Features

  • Spa Features: Heated
  • Private Spa: Yes
  • Appliances: Electric Water Heater, Tankless Water Heater, Dishwasher, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Baseboards, Cathedral Ceiling(s), Ceiling Fan(s), Recessed Lighting, Vaulted Ceiling(s)
  • Living Area: 1024
  • Window Features: Storm Window(s)
  • Bedroom/Bathroom Features: Not Updated
  • Dining Room Features: Eat-in Kitchen, Kitchen/Dining Combo
  • Living Room Living Room Level: Second
  • Master Bedroom Master Bedroom Level: Second
  • Master Bedroom Master Bedroom Width: 2
  • Master Bedroom Features: 2 or More Closets, Ceiling Fan(s)
  • Room Kitchen Features: Not Updated, Pantry
  • Room Master Bedroom Area: 28
  • Master Bathroom Features: Double Vanity

Exterior Features

  • Roof: Shingle
  • Fencing: Back Yard
  • Pool Features: None
  • View: Bay, Water
  • View: Yes
  • Waterfront Features: Bay, Waterfront, Natural
  • Waterfront: Yes
  • Construction Type: Frame
  • Exterior Features: Rain Gutters
  • Foundation Details: Pillar/Post/Pier
  • Other Structures: Workshop/Storage
  • Patio And Porch Features: Covered, Covered Deck
  • Property Condition: New Construction

Garage/Parking

  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Car Garage, Boat, Front Entrance, Oversized, RV Access/Parking
  • Total Parking Spaces: 2

Utilities

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)
  • Sewer: Septic Tank
  • Laundry Features: Inside
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 54450
  • Zoning Description: County
  • ResoLotSizeUnits: Acres

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2023
Closed on
Oct 19, 2023
Sold by
Barberi Diana Leigh
Bought by
Walden Michael W and Walden Christina R
Seller's Agent
DIANA BARBERI
KELLER WILLIAMS REALTY GULF COAST
Buyer's Agent
Christina Walden
KELLER WILLIAMS REALTY GULF COAST
List Price
$649,000
Sold Price
$630,250
Premium/Discount to List
-$18,750
-2.89%
Views
94
Current Estimated Value
$538,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$91,867
Avg. Annual Appreciation
-6.88%
Original Mortgage
$315,000
Outstanding Balance
$308,226
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$230,157

Purchase Details

Closed on
May 20, 2021
Sold by
Yu Aline C and Yu Living Trust
Bought by
Barberi Diana Leigh and Barberi Chase Adrian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.1%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 2, 1999
Sold by
Yu Jing Peir and Yu Renee S J
Bought by
Yu Jing Peir
Source: Public Records
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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
Walden Michael W $630,300 Pure Title Llc
Barberi Diana Leigh $130,000 Attorney
Yu Jing Peir -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walden Michael W $315,000
Previous Owner Barberi Diana Leigh $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2023 10/19/23 Sold $630,250 -1.4% $615 / Sq Ft
07/21/2023 07/21/23 Price Changed $639,000 -1.5% $624 / Sq Ft
06/23/2023 06/23/23 For Sale $649,000 -- $634 / Sq Ft
Source: Pensacola Association of REALTORS®

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 $5,962 $502,272 -- --
2024 $5,423 $525,618 $299,250 $226,368
2023 $5,423 $399,759 $180,075 $219,684
2022 $1,760 $128,626 $128,625 $1
2021 $2,020 $144,000 $144,000 $0
2020 $2,013 $144,000 $0 $0
2019 $1,916 $144,000 $0 $0
2018 $1,851 $144,000 $0 $0
2017 $1,807 $144,000 $0 $0
2016 $1,437 $96,000 $0 $0
2015 $1,472 $96,000 $0 $0
2014 $1,495 $96,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pensacola Association of REALTORS®

MLS Number: 628988

Pensacola Association of REALTORS®

APN: 17-1S-28-0000-00802-0000