NOT LISTED FOR SALE

Estimated Value: $6,329,000 - $7,536,000

5 Beds
5.5 Baths
5,040 Sq Ft
$1,418/Sq Ft Est. Value

Last Sold March 21, 2024

Last sale price $8,750,000 $1,736 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $41,450/month

8 Days on Market

Highlights

  • Community Beach Access
  • Leased Dock
  • Deck
  • Sea Gate Elementary School Rated A
  • Concrete Pool
  • Vaulted Ceiling

About This Home

As of March 2024

575 Pine Grove Lane is a rare opportunity to purchase a brand-new, completely finished and furnished home built by Borelli Construction of Naples, Park Shore's premier luxury builder. Design and furnishings by R & Co. Designs. This move-in ready home is stunning from every angle. The expansive great room greets you with pool & spa views. The functional kitchen & wet bar feature double islands, a Wolf range top, double ovens, SubZero refrigerator, wine fridge, beverage fridge, Cove dishwasher and galley sink. The working pantry includes a microwave, second dishwasher and refrigerator. High end finishes throughout include white oak wood flooring, marble tile, European style wood cabinetry, 12" baseboards, electric shades, linear AC vents hidden in intricate ceiling details, Crestron home and lighting automation, built-in speakers, custom closet systems, and many custom designer details. Enjoy sunset views from balcony. The home is built to last with concrete block exterior, metal roof trusses, spray foam insulation, Andersen windows, Euro-Wall sliders and moisture-resistant dry wall. A 1,000 gallon underground propane tank fuels many appliances and a whole-house Kohler generator.

Last Agent to Sell the Property

Kendall Borelli

West Shore Properties RE,MNGT Listed on: 01/02/2024

Last Buyer's Agent

Frank Sajtar

William Raveis Real Estate

William Raveis Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,539

Year Built

  • Built in 2023

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions: 89
  • North Facing Home
  • Fenced
  • Sprinkler System

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Automatic Garage Door Opener
  • Deeded Parking

Home Design

  • Entry on the 1st floor
  • Concrete Block With Brick
  • Metal Construction or Metal Frame
  • Stucco
  • Tile

Interior Spaces

  • 5,040 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Custom Mirrors
  • Furnished
  • Furnished or left unfurnished upon request
  • Wired For Sound
  • Coffered Ceiling
  • Tray Ceiling
  • Vaulted Ceiling
  • 2 Ceiling Fans
  • Electric Shutters
  • Picture Window
  • Casement Windows
  • La Cantina or Zero Corner Doors
  • Entrance Foyer
  • Great Room
  • Family or Dining Combination
  • Home Office
  • Loft
  • Screened Porch

Kitchen

  • Eat-In Kitchen
  • Walk-In Pantry
  • Double Self-Cleaning Oven
  • Gas Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Built-In Bedroom Cabinets
  • Walk-In Closet
  • In-Law or Guest Suite
  • Dual Sinks
  • Bathtub With Separate Shower Stall
  • Multiple Shower Heads

Laundry

  • Laundry Room
  • Dryer

Home Security

  • Monitored
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Saltwater Pool
  • Pool Equipment Stays

Outdoor Features

  • Leased Dock
  • Balcony
  • Deck
  • Patio
  • Outdoor Fireplace
  • Outdoor Kitchen
  • Lanai
  • Outdoor Gas Grill

Schools

  • Sea Gate Elementary School
  • Gulfview Middle School
  • Naples High School

Utilities

  • Central Heating and Cooling System
  • Smart Home Wiring
  • Power Generator
  • Propane
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 16053120002
  • Tax Block 26
  • $126,700 Seller Concession

Community Details

Overview

  • Voluntary home owners association
  • Park Shore Community

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,539

Year Built

Built in 2023

Lot Details

0

HOA Fees

$25 per month

Parking

3

Listing Details

  • Legal Description: PARK SHORE UNIT 4 BLK 26 LOT 23
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.2013$-81.805692$309.97$13.33$1.00$6QcazZnEhIZcKx_XeGSgrw
  • Building Design: Single Family
  • Building Description: 2 Story
  • Storm Protection: Impact Resistant Doors, Impact Resistant Windows, Electric Shutters
  • Year Built: 2023
  • Directions: From 41, head west on Neapolitan Way, south on Belair Lane, west on Pine Grove Lane to 575 Pine Grove Lane.
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Furnished Description: Furnished
  • Numberof Ceiling Fans: 2
  • Num Unit Floor: 1
  • Price Per Sq Ft: 1736.11
  • Total Floors: 2
  • Additional Rooms: Balcony, Den/Study, Family Room, Great Room, Guest Bath, Guest Room, Home Office, Laundry in Residence, Loft, Open Porch/Lanai, Screened Lanai/Porch
  • Estimated Living Area: 5040
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6.00
  • Bedroom Description: First Floor Bedroom, Master BR Ground
  • Bedrooms: 5+Den
  • Total Bedrooms: 5
  • Dining Room: Family Dining, Eat-in Kitchen
  • Equipment: Auto Garage Door, Cooktop - Gas, Dishwasher, Disposal, Double Oven, Dryer, Freezer, Generator, Gas Grill, Home Automation, Microwave, Refrigerator, Security System, Self Cleaning Oven, Smoke Detector, Tankless Water Heater, Wine Cooler
  • Flooring: Marble, Tile, Wood
  • Floor Plan: Great Room, 2 Story
  • Interior Amenities: Built-In Cabinets, Closet Cabinets, Coffered Ceiling, Custom Mirrors, Foyer, Pantry, Smoke Detectors, Surround Sound Wired, Tray Ceiling, Vaulted Ceiling, Volume Ceiling, Walk-In Closet, Wet Bar, Window Coverings, Zero/Corner Door Sliders
  • Kitchen: Island, Walk-In Pantry
  • Primary Bathroom: Dual Sinks, Multiple Shower Heads, Separate Tub And Shower
  • Windows: Casement, Impact Resistant, Picture

Exterior Features

  • Gulf Access: No
  • Private Pool: Yes
  • Private Spa: Yes
  • Roof: Tile
  • Construction: Concrete Block, Metal Frame
  • Boat Access: Dock Lease, Dock Purchase
  • Irrigation: Central
  • Exterior Features: Deck, Fence, Grill, Outdoor Fireplace, Outdoor Kitchen, Patio, Sprinkler Auto
  • Exterior Finish: Stucco
  • Private Pool Type: Below Ground, Concrete, Custom Upgrades, Heated Gas, Salt Water System
  • Private Spa Type: Below Ground, Equipment Stays, Heated Gas

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 3

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric
  • Heat: Central Electric
  • Security: Monitored Alarm, Private Security System
  • Sewer: Central
  • Water: Central
  • Gas Description: Propane

Condo/Co-op/Association

  • Mandatory HOA: No
  • Restrictions: Deeded
  • Sub Condo Name: PARK SHORE
  • HOA Description: Voluntary
  • HOA Fees: 300
  • HOA Fee Frequency: Annually
  • Development Name: PARK SHORE

Association/Amenities

  • Pets: No Approval Needed
  • Development: Park Shore
  • Amenities: Beach Access
  • Units In Building: 1
  • Total Number of Units: 1

Schools

  • Elementary School: Sea Gate Elementary
  • High School: Naples High
  • Middle School: Gulfview Middle

Lot Info

  • Builder Product: Yes
  • Section: 16
  • Total Area: 6827
  • Waterfront: No
  • Acres: 0.2900
  • Rear Exposure: North
  • Lot Description: Regular
  • Lot Dimensions: 89 X 140
  • Parcel Number: 16053120002

Rental Info

  • Lease Limits: Yes
  • Leases Per Year: 12
  • Min Days Of Lease: 30

Tax Info

  • Tax Description: City And County
  • Taxes: 14538.85
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2024
Closed on
Mar 21, 2024
Sold by
575Pine Grove Llc
Bought by
Lauth Robert L and Lauth Robin S
Seller's Agent
Kendall Borelli
West Shore Properties RE,MNGT
Buyer's Agent
Frank Sajtar
William Raveis Real Estate
List Price
$8,750,000
Sold Price
$8,750,000
Views
28
Current Estimated Value
$7,148,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,601,604
Avg. Annual Appreciation
-10.74%

Purchase Details

Closed on
Nov 22, 2021
Sold by
Guerrini Joanne
Bought by
575Pine Grove Llc

Purchase Details

Listed on
Jan 1, 2017
Closed on
Feb 21, 2017
Sold by
Griggs Vaughn R
Bought by
Guerrini Joanne
Seller's Agent
Jim Weigel
Downing Frye Realty Inc.
Buyer's Agent
Vivienne Sinkow
John R Wood Properties
List Price
$999,000
Sold Price
$925,000
Premium/Discount to List
-$74,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.96%

Purchase Details

Closed on
Mar 31, 1998
Sold by
Weil Doris G
Bought by
Griggs Vaughn R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
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
Lauth Robert L $8,750,000 None Listed On Document
575Pine Grove Llc $2,150,000 Attorney
Guerrini Joanne $925,000 Attorney
Griggs Vaughn R $148,214 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Griggs Vaughn R $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/21/2024 03/21/24 Sold $8,750,000 0.0% $1,736 / Sq Ft
01/10/2024 01/10/24 Pending -- -- --
01/02/2024 01/02/24 For Sale $8,750,000 +845.9% $1,736 / Sq Ft
02/21/2017 02/21/17 Sold $925,000 -7.4% $350 / Sq Ft View Prior Sale
01/30/2017 01/30/17 Pending -- -- --
01/01/2017 01/01/17 For Sale $999,000 -- $378 / Sq Ft
Source: Naples Area Board 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 $47,663 $5,179,576 -- --
2024 $15,688 $5,168,236 -- --
2023 $15,688 $1,469,643 $0 $0
2022 $14,539 $1,482,604 $1,321,383 $161,221
2021 $9,321 $908,309 $0 $0
2020 $8,382 $825,735 $756,202 $69,533
2019 $7,871 $754,518 $0 $0
2018 $7,027 $685,925 $614,901 $71,024
2017 $4,267 $451,696 $0 $0
2016 $4,191 $442,405 $0 $0
2015 $4,278 $439,330 $0 $0
2014 $4,293 $385,843 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 223094773

Naples Area Board of REALTORS®

APN: 16053120002