NOT LISTED FOR SALE

659 Palm Cir E Naples, FL 34102

Old Naples Neighborhood

Estimated Value: $3,472,000 - $5,868,747

0.32 Acre
$15,365,362 Price per Acre
13,939 Sq Ft Lot

Last Sold March 04, 2019

Last sale price $2,550,000 $1,021 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $30,318/month

75 Days on Market

Highlights

  • Lake Front
  • Lake Park Elementary School Rated A
  • Dock Available

About This Lot

As of March 2019

A lakefront homesite in Old Naples with a rare southern exposure awaits your personal touch to create your dream home. With fewer than 20 southern exposure lakefront homes in Old Naples you are sure to have one of the most sought after properties in the tranquil Palm Lake area. Tranquility, beauty, and just steps to the beach this is where long time, in the know, Neapolitans reside.

Last Agent to Sell the Property

James Gorman

Downing Frye Realty Inc. Listed on: 11/25/2018

Downing Frye Realty Inc.

Last Buyer's Agent

James Bates

Premier Sotheby's Int'l Realty

Premier Sotheby's Int'l Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $13,169

Lot Details

  • 0.32 Acre Lot
  • Lake Front
  • South Facing Home

Additional Features

  • Lake Views
  • Cable TV Available

Listing and Financial Details

  • Tax Block 1

Community Details

Overview

  • Olde Naples Condos

Recreation

  • Dock Available
  • Dock made with wood

Property Details

Property Type

Land

Est. Annual Taxes

$13,169

Lot Details

0

Listing Details

  • Legal Description: RIDGE LAKE BLK 1 LOT 10 NW1/2
  • Property Type: Lot & Land
  • Table: Lot & Land
  • Street View Param: 1$26.153944$-81.80284699999999$198.69$13.33$1.00$5kfnxvbEeoCwkKtIZVgPFg
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Gulf Access Yn: No
  • Waterfront Description: Lake
  • Boat Access: Dock Included, Wooden Dock
  • Road: City Maintained
  • View: Lake

Utilities

  • Utilities Available: Cable, Electric, Phone Line, Sewer, Water
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Sub Condo Name: OLDE NAPLES

Association/Amenities

  • Development: Olde Naples

Lot Info

  • Price Per Acre: 7968750.00
  • Acres: 0.3200
  • Waterfront: Yes
  • Land Use Code: 01-Single Family
  • Lot Description: Oversize
  • Lot Type: Residential Lot
  • Rear Exposure: S
  • Usage: Single Family

Tax Info

  • Tax District Type: Municipal Service Tax Unit
  • Taxes: 13169.00
  • Tax Year: 2018
  • Tax Description: City And County

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2022
Sold by
Constantine S Mihas Revocable Trust
Bought by
Mihas Palm Circle Llc
Current Estimated Value
$4,916,916

Purchase Details

Listed on
Nov 25, 2018
Closed on
Mar 4, 2019
Sold by
Gilles Wolfgang
Bought by
Mihas Constantine S
Seller's Agent
James Gorman
Downing Frye Realty Inc.
Buyer's Agent
James Bates
Premier Sotheby's Int'l Realty
List Price
$2,695,000
Sold Price
$2,550,000
Premium/Discount to List
-$145,000
-5.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.03%

Purchase Details

Listed on
Oct 25, 2016
Closed on
Feb 15, 2017
Sold by
Bettencort Michael and Bettencort Susan D
Bought by
Gilles Wolfgang
Seller's Agent
Debbi McDermott
Premier Sotheby's Int'l Realty
Buyer's Agent
James Gorman
Downing Frye Realty Inc.
List Price
$2,595,000
Sold Price
$2,300,000
Premium/Discount to List
-$295,000
-11.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.16%

Purchase Details

Closed on
Nov 9, 2011
Sold by
Bettencourt Michael and Bettencourt Susan
Bought by
Bettencourt Michael and Bettencourt Susan D

Purchase Details

Closed on
Jul 24, 2009
Sold by
Griffin Gregory A and Griffin Kristen A
Bought by
Bettencourt Michael and Bettencourt Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 9, 2006
Sold by
Donaldson Dorothy Ann
Bought by
Griffin Gregory A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,220,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 1996
Sold by
Donaldson J Boyce and Donaldson Dorothy
Bought by
Donaldson Dorothy Ann
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mihas Palm Circle Llc -- Pedersen & Houpt Pc
Mihas Constantine S $2,550,000 Attorney
Gilles Wolfgang $2,300,000 Attorney
Bettencourt Michael -- Attorney
Bettencourt Michael $1,280,000 Attorney
Griffin Gregory A $1,462,500 None Available
Donaldson Dorothy Ann -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bettencourt Michael $950,000
Previous Owner Griffin Gregory A $1,220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/04/2019 03/04/19 Sold $2,550,000 0.0% $1,021 / Sq Ft
03/04/2019 03/04/19 Sold $2,550,000 -5.4% $1,292 / Sq Ft View Prior Sale
02/08/2019 02/08/19 Pending -- -- --
02/08/2019 02/08/19 Pending -- -- --
02/07/2019 02/07/19 For Sale $2,695,000 0.0% $1,079 / Sq Ft
02/07/2019 02/07/19 For Sale $2,695,000 0.0% $1,365 / Sq Ft
01/12/2019 01/12/19 Pending -- -- --
01/12/2019 01/12/19 Pending -- -- --
11/25/2018 11/25/18 For Sale $2,695,000 0.0% $1,079 / Sq Ft
07/14/2018 07/14/18 For Sale $2,695,000 +17.2% $1,365 / Sq Ft
02/15/2017 02/15/17 Sold $2,300,000 -11.4% $791 / Sq Ft View Prior Sale
12/21/2016 12/21/16 Pending -- -- --
10/25/2016 10/25/16 For Sale $2,595,000 -- $892 / 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 $55,282 $6,670,947 -- --
2024 $64,839 $6,064,497 $6,060,615 $3,882
2023 $64,839 $6,819,749 $0 $0
2022 $27,102 $2,611,877 $0 $0
2021 $24,365 $2,374,434 $2,255,188 $119,246
2020 $22,699 $2,236,016 $2,049,977 $186,039
2019 $19,141 $1,473,036 $0 $0
2018 $13,718 $1,339,124 $1,176,608 $162,516
2017 $9,526 $962,097 $0 $0
2016 $9,363 $942,309 $0 $0
2015 $9,558 $935,759 $0 $0
2014 $9,594 $878,332 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • James Gorman

    Seller's Agent in 2019

    James Gorman

    Downing Frye Realty Inc.

    (239) 213-8614

    12 Total Sales

    James Gorman
    Section Image
  • James Bates

    Buyer's Agent in 2019

    James Bates

    Premier Sotheby's Int'l Realty

    (239) 961-3973

    20 in this area

    85 Total Sales

    James Bates
    Section Image
  • Debbi McDermott

    Seller's Agent in 2017

    Debbi McDermott

    Premier Sotheby's Int'l Realty

    (239) 564-4231

    1 in this area

    29 Total Sales

    Debbi McDermott
    Section Image
See All Agents

Map

Source: Naples Area Board of REALTORS®

MLS Number: 218077681

Naples Area Board of REALTORS®

APN: 17910400000

Florida Collier County Naples 34102 Old Naples

659 Palm Cir E, Naples, FL

Not Listed for Sale

Lots

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Naples Area Board of REALTORS® The source of this real property information is the copyrighted and proprietary database compilation of the M.L.S. of Naples, Inc. Copyright 2025 M.L.S. of Naples, Inc. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.

Nearby Homes