NOT LISTED FOR SALE

5543 SE Reef Way Stuart, FL 34997

Estimated Value: $1,657,000 - $3,554,470

4 Beds
4.5 Baths
4,735 Sq Ft
$641/Sq Ft Est. Value

Last Sold September 06, 2024

Last sale price $3,950,000 $834 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $19,286/month

67 Days on Market

Highlights

  • Property has ocean access
  • Intracoastal View
  • Gated Community
  • Home fronts navigable water
  • Concrete Pool
  • 38,267 Sq Ft lot

About This Home

As of September 2024

Welcome to a sanctuary of luxury and tranquility in one of Rocky Point's most sought-after communities. Nestled within a gated enclave, rarely do homes come on the market at THE REEF. This is your chance to call this completely renovated home yours. Overlooking the pristine Intercoastal Waterway with breathtaking views of Sailfish Point and the St. Lucie Inlet Preserve State Park, and a quick boat ride to the ocean .This waterfront haven offers the ultimate coastal living experience. Step inside to discover refined elegance and contemporary sophistication. This home showcases impeccable craftsmanship and timeless charm. Discover the ultimate culinary luxury in this renovated chef's kitchen featuring top-of-the-line Thermador appliances.

Last Agent to Sell the Property

Susan Freytes

Compass Florida LLC License #3519065 Listed on: 05/24/2024

Compass Florida LLC

Last Buyer's Agent

Mitchell Mann

Beach Front Mann Realty License #3108903

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $38,541

Year Built

  • Built in 2005

Lot Details

  • 0.88 Acre Lot
  • Home fronts navigable water
  • Property fronts an intracoastal waterway
  • River Front
  • Sprinkler System

HOA Fees

  • $84 Monthly HOA Fees

Parking

  • 3 Car Detached Garage
  • Garage Door Opener
  • Circular Driveway

Property Views

  • Intracoastal
  • River

Home Design

  • Barrel Roof Shape
  • Concrete Roof

Interior Spaces

  • 4,735 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Built-In Features
  • Vaulted Ceiling
  • Decorative Fireplace
  • Blinds
  • Family Room
  • Formal Dining Room
  • Open Floorplan
  • Den

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Security Gate
  • Impact Glass
  • Fire and Smoke Detector

Pool

  • Concrete Pool
  • Saltwater Pool
  • Pool Equipment or Cover

Outdoor Features

  • Property has ocean access
  • No Fixed Bridges
  • Balcony
  • Deck
  • Open Patio

Schools

  • Port Salerno Elementary School
  • Murray Middle School
  • South Fork High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 483841270000001103

Community Details

Overview

  • Association fees include common areas, insurance, legal/accounting
  • The Reef (Aka Colony Of R Subdivision

Recreation

  • Tennis Courts

Security

  • Phone Entry
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,541

Year Built

Built in 2005

Lot Details

0

HOA Fees

$84 per month

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: 95 TO FL -76 E TO STUART, RIGHT ON SE COVE RD, AT THE TRAFFIC CIRCLE, CONTINUE STRAIGHT TO STAY ON COVE RD, LEFT ON MANATEE COVE RD, RIGHT ON HORSE SHOE POINT RD, LEFT ON KUBIN AVE, RIGHT ON REEF WAY
  • Year Built: 2005
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Breakfast Area, Dining Area, Separate/Formal Dining Room, Dual Sinks, Eat-in Kitchen, Family/Dining Room, Fireplace, Kitchen/Dining Combo, Living/Dining Room, Pantry, Split Bedrooms, Separate Shower, Vaulted Ceiling(s), Walk-In Closet(s), Central Vacuum
  • Main Level Bedrooms: 3
  • Private Spa: No
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Disposal, Gas Range, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Vinyl
  • Living Area: 4735.0
  • Dining Room Type: Den, Family Room, Laundry
  • Stories: 2
  • Window Features: Blinds, Drapes, Impact Glass

Exterior Features

  • Exterior Features: Balcony, Deck, Patio
  • View: Intercoastal, River
  • Lot Features: Sprinklers Automatic, Sprinkler System
  • Pool Features: Concrete, Pool Equipment, Pool, Salt Water
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Intracoastal Access, Navigable Water, No Fixed Bridges, Ocean Access, River Front
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Deck, Open, Patio
  • Property Condition: Resale
  • Roof: Barrel, Concrete

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Driveway, Detached, Garage, Garage Door Opener

Utilities

  • Security: Security System, Security Gate, Phone Entry, Smoke Detector(s)
  • Cooling: Central Air, Electric, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Electric, Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 84.0
  • Community Features: Gated, Street Lights, Tennis Court(s)
  • Senior Community: No
  • Amenities: Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Insurance, Legal/Accounting

Schools

  • Elementary School: Port Salerno
  • High School: South Fork
  • Middle Or Junior School: Murray

Lot Info

  • Parcel #: 483841270000001103
  • Lot Size: 1/2 to < 1 Acre,East of
  • Lot Size Sq Ft: 38267.0
  • Zoning Description: RES

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 38541.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2024
Closed on
Sep 6, 2024
Sold by
Deloach Michael and Deloach Donna
Bought by
Kevin G Attar Trust and Attar
Seller's Agent
Susan Freytes
Compass Florida LLC
Buyer's Agent
Mitchell Mann
Beach Front Mann Realty
List Price
$4,375,000
Sold Price
$3,950,000
Premium/Discount to List
-$425,000
-9.71%
Views
34
Current Estimated Value
$3,032,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$917,132
Avg. Annual Appreciation
-17.42%

Purchase Details

Listed on
Oct 22, 2020
Closed on
Mar 1, 2021
Sold by
Pierce Kenneth and Pierce Carole
Bought by
Deloach Michael and Deloach Donna
Seller's Agent
Adam Brown
Waterfront Properties & Club C
Buyer's Agent
Joanna Moriarty
Southern Key Realty
List Price
$2,350,000
Sold Price
$2,275,000
Premium/Discount to List
-$75,000
-3.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.97%

Purchase Details

Closed on
Apr 11, 2018
Sold by
Danzig Criag
Bought by
Pierce Kenneth and Pierce Caroel

Purchase Details

Closed on
Feb 26, 2009
Sold by
Onus Gregory S and Onus Trudi W
Bought by
Danzig Craig B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
5.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 10, 2003
Sold by
Coates Howard K and Coates Cheri R
Bought by
Onus Gregory S and Onus Trudi W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
6.1%

Purchase Details

Closed on
Sep 19, 2001
Sold by
Long Douglas R and Long Ruth Ann
Bought by
Coates Howard K and Coates Cheri R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,142
Interest Rate
6.51%

Purchase Details

Closed on
May 3, 1999
Sold by
Potenza Clifford
Bought by
Long Douglas R and Long Ruth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,708
Interest Rate
7.06%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 4, 1997
Sold by
Raucci Paul M
Bought by
Potenza Clifford
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kevin G Attar Trust $3,950,000 None Listed On Document
Deloach Michael $2,275,000 Attorney
Pierce Kenneth $1,450,000 Attorney
Danzig Craig B $2,005,000 Attorney
Onus Gregory S $620,000 --
Coates Howard K $525,000 Flagler Title Company
Long Douglas R $216,000 --
Potenza Clifford $192,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Danzig Craig B $1,300,000
Previous Owner Onus Gregory S $465,000
Previous Owner Coates Howard K $407,142
Previous Owner Potenza Clifford $177,708
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/06/2024 09/06/24 Sold $3,950,000 -9.7% $834 / Sq Ft
07/31/2024 07/31/24 Pending -- -- --
05/24/2024 05/24/24 For Sale $4,375,000 +92.3% $924 / Sq Ft
03/01/2021 03/01/21 Sold $2,275,000 -3.2% $480 / Sq Ft View Prior Sale
01/30/2021 01/30/21 Pending -- -- --
10/22/2020 10/22/20 For Sale $2,350,000 -- $496 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $41,046 $3,364,360 $1,500,000 $1,864,360
2024 $38,541 $2,447,880 -- --
2023 $38,541 $2,225,346 $0 $0
2022 $33,628 $1,996,740 $950,000 $1,046,740
2021 $32,884 $1,877,900 $840,000 $1,037,900
2020 $32,138 $1,823,480 $840,000 $983,480
2019 $32,620 $1,835,750 $840,000 $995,750
2018 $28,523 $1,651,690 $0 $0
2017 $26,530 $1,617,718 $0 $0
2016 $26,560 $1,584,444 $0 $0
2015 $22,590 $1,573,430 $735,000 $838,430
2014 $22,590 $1,358,560 $651,000 $707,560
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Susan Freytes

    Compass Florida LLC

    (561) 309-4992

    3 in this area

    19 Total Sales

    Susan Freytes
    Section Image
  • Mitchell Mann

    Buyer's Agent in 2024

    Mitchell Mann

    Beach Front Mann Realty

    (772) 530-1795

    2 in this area

    111 Total Sales

    Mitchell Mann
    Section Image
  • Adam Brown

    Seller's Agent in 2021

    Adam Brown

    Waterfront Properties & Club C

    (772) 403-2408

    4 in this area

    81 Total Sales

    Adam Brown
    Section Image

  • J

    Buyer's Agent in 2021

    Joanna Moriarty

    Southern Key Realty

    (772) 233-7198

    1 in this area

    14 Total Sales

    Joanna Moriarty
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10990232

BeachesMLS (Greater Fort Lauderdale)

APN: 48-38-41-270-000-00110-3

Florida Martin County Stuart 34997

5543 SE Reef Way, Stuart, FL

Not Listed for Sale

Detached

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