NOT LISTED FOR SALE

557 Lake Murex Cir Sanibel, FL 33957

Estimated Value: $1,204,646 - $1,365,000

3 Beds
2.5 Baths
1,968 Sq Ft
$654/Sq Ft Est. Value

Last Sold February 11, 2025

Last sale price $1,350,000 $686 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $7,498/month

27 Days on Market

Highlights

  • Lake Front
  • Outdoor Pool
  • Cathedral Ceiling
  • Sanibel Elementary School Rated A-
  • 0.83 Acre Lot
  • Furnished

About This Home

As of February 2025

Gorgeous remodeled 3 bedroom 3 bath beach house with southern LAKE VIEWS, so close to beach you can hear the waves! Watch Ibis fly over Conservation land across the street, this home boasts just shy of one acre of land. Bountiful light from large windows & pocket sliding 4 panel doors that open to expansive multi-level lanai &deck around sparkling pool.Large rooms, tall ceilings & plentiful windows allows for living among the nature! The Primary suite encompasses one side of the house while the 2 guest rooms adorn the other side for spilt-concept design. The modern chef's kitchen looks over the lake & features Miele built-in auto coffee maker, and high-end stainless appliances, w/ plentiful storage. Tiled bathrooms offer oversized walk-in showers and natural light. The colors are soft and natural allowing nature to be the focus. Many upgrades include whole house generator, full wind mitigation w/ extra straps on roof. The lower level is entirely enclosed and offers 2 workshops, wine-cooler/humidor area, space for @least 4 cars & 3 garage bays, +additional spaces for studios/creative work. Paved driveway allows for easy access & manicured entrance. So much house- so close to beach!!

Last Agent to Sell the Property

Amy Wainwright

Michael Saunders & Company License #3287526 Listed on: 12/14/2024

Michael Saunders & Company

Last Buyer's Agent

Amy Wainwright

Michael Saunders & Company License #3287526 Listed on: 12/14/2024

Michael Saunders & Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,676

Year Built

  • Built in 1986

Lot Details

  • 0.83 Acre Lot
  • Lake Front
  • South Facing Home
  • Irregular Lot

HOA Fees

  • $30 Monthly HOA Fees

Home Design

  • Elevated Home
  • Frame Construction
  • Metal Roof
  • Block Exterior
  • Wood Trim
  • Vinyl Trim
  • Piling Construction

Interior Spaces

  • 1,968 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Electric Shutters
  • Double Hung Windows
  • Combination Dining and Living Room
  • Breakfast Room
  • Home Office
  • Workshop
  • Screened Porch
  • Storage Room
  • Lake Views

Kitchen

  • Built-In Convection Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Disposal

Flooring

  • Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • High Impact Windows
  • Complete Storm Protection
  • Fire and Smoke Detector

Parking

  • 3 Car Garage
  • Tuck Under Parking
  • Automatic Garage Door Opener

Outdoor Features

  • Outdoor Pool
  • Patio

Utilities

  • Central Heating and Cooling System
  • Whole House Permanent Generator
  • Water Heater
  • Internet Available

Community Details

  • Little Lake Murex Assoc. Bob Hollis Association, Phone Number (703) 306-1892
  • Little Lake Murex Subdivision

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 27-46-22-T4-00700.0080

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,676

Year Built

Built in 1986

Lot Details

0

HOA Fees

$30 per month

Listing Details

  • Subdivision Name: Little Lake Murex
  • Class: Residential
  • Property Type: Single Family
  • Legal Description: LITTLE LAKE MUREX PB 29 PG 90 LOT 8 + 1/49 INT IN LOT 50
  • Strap Number: 27-46-22-T4-00700.0080
  • Subject To F I R P T A: Yes
  • Year Built: 1986
  • Folio Id: 10023133
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Elevator: No
  • Price Per S Q F T: 685.98
  • Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Internet Ready, Laundry Tub, Microwave, Range Electric, Refrigerator-Ice maker, Safe, Smoke Detector(s), Wall Oven Elec, Washer, Water Heater, Whole House Generator, Wine Cooler
  • Estimated Living Sq Ft: 1968
  • Bathrooms: 2
  • Bathrooms Display: 2/1
  • Bedrooms: 3
  • Ceiling: 10+ Ft Ceilings, Cathedral Ceiling
  • Den: No
  • Fireplace: No
  • Flooring: Luxury Vinyl, Tile Floor
  • Furnished: Yes
  • Furnishing: Part Furnished, Exceptions
  • Half Bathrooms: 1
  • Windows: Double Hung, Impact Resistant Windows, Shutters Electric, Shutters Manual, Storm Protection All

Exterior Features

  • Waterfront: Lake
  • Waterfront: Yes
  • Coastal Construction: Behind 1991
  • Ext Fin Trim: Trim Stucco, Trim Vinyl, Trim Wood
  • Pool: Yes
  • View: Lake, Sanctuary
  • Construction Stat: Concrete Block, Const. Complete, Elevated, Frame, Piling Concrete
  • Rear Exposure: South
  • Roof: Metal

Garage/Parking

  • Parking: 3+ Garage, Auto Garage Opener(s), Under Bldg

Utilities

  • Sewer: City
  • Water: City, Irrigation Well
  • Air Conditioner: Yes
  • Cooling: Ceiling Fan(s), Central Air/Cooling
  • Heating: Central Heat

Condo/Co-op/Association

  • Association Fee: 360
  • Association Fee Period: Annually
  • Association Management: Little Lake Murex Assoc.-Bob Hollis
  • Management Company Phone: 703-306-1892
  • HOA: Yes

Lot Info

  • Acres: 0.83
  • Geo Update Timestamp: 2024-12-14
  • Geo Address Line: 557 Lake Murex Cir
  • Geo Primary City: Sanibel
  • Geo Quality: 0.95
  • Geo Subdivision: FL
  • Geo Zoom Level: 16
  • Lot Number: 8
  • Lot Size Irregular: Yes
  • Lot Sq Ft: 35959
  • Lot Sq Ft Source: Leepa
  • Survey: No

Rental Info

  • Rental: No
  • Rent History: WOULD MAKE AN OUTSTANDING RENTAL

Tax Info

  • Tax Amount: 7676
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2024
Closed on
Feb 11, 2025
Sold by
Schweizer Jurg M and Schweizer Helen R
Bought by
Burrows Keith and Burrows Deanna
Seller's Agent
Amy Wainwright
Michael Saunders & Company
Buyer's Agent
Amy Wainwright
Michael Saunders & Company
List Price
$1,440,000
Sold Price
$1,350,000
Premium/Discount to List
-$90,000
-6.25%
Views
21
Current Estimated Value
$1,286,662

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$63,338
Avg. Annual Appreciation
-5.50%

Purchase Details

Closed on
Dec 6, 2004
Sold by
J H S C Corp
Bought by
Schweizer Jurg M and Schweizer Helen R

Purchase Details

Closed on
Apr 18, 1995
Sold by
Conrad Jerome E and Conrad Beverly
Bought by
J H S C Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.59%
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
Burrows Keith $1,350,000 Superior Title
Schweizer Jurg M $634,500 --
J H S C Corp $326,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner J H S C Corp $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2025 02/11/25 Sold $1,350,000 -6.3% $686 / Sq Ft
01/10/2025 01/10/25 Pending -- -- --
12/14/2024 12/14/24 For Sale $1,440,000 -- $732 / Sq Ft
Source: Sanibel & Captiva Islands 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 $8,489 $634,523 -- --
2024 $8,489 $603,128 -- --
2023 $8,236 $585,561 $0 $0
2022 $7,676 $568,506 $0 $0
2021 $7,724 $598,636 $261,600 $337,036
2020 $7,686 $544,327 $0 $0
2019 $7,548 $532,089 $0 $0
2018 $7,550 $522,168 $0 $0
2017 $7,549 $511,428 $0 $0
2016 $7,513 $556,837 $254,000 $302,837
2015 $7,649 $560,914 $254,000 $306,914
2014 -- $531,109 $220,800 $310,309
2013 -- $486,186 $231,400 $254,786
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Sanibel & Captiva Islands Association of REALTORS®

MLS Number: 2240972

Sanibel & Captiva Islands Association of REALTORS®

APN: 27-46-22-T4-00700.0080