NOT LISTED FOR SALE

7242 Flood Reef Pensacola, FL 32507

Perdido Key Neighborhood

Estimated Value: $617,747 - $938,000

3 Beds
2 Baths
1,524 Sq Ft
$507/Sq Ft Est. Value

Last Sold March 08, 2016

Last sale price $350,000 $230 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $4,381/month

127 Days on Market

Highlights

  • Docks
  • Updated Kitchen
  • Deck
  • Pier
  • Home fronts a canal
  • 5-minute walk to Perdido Key State Park

About This Home

As of March 2016

BOATER’S PARADISE WITH BEACH ACCESS! RARE OPPORTUNITY TO OWN PART OF A DUPLEX IN SOUGHT AFTER PERDIDO KEY COVES…PERDIDO KEY’S ONLY RESIDENTIAL COMMUNITY WITH DEEP WATER BOATING PLUS DEDICATED ACCESS TO THE PROTECTED BEACHES OF GULF STATE PARK JUST ACROSS THE STREET! Impeccably maintained and never rented, this 3-bedroom, 2 bath residence is located on a deep water canal and welcomes you with an inviting, open-concept living area with abundant windows overlooking the water and leading out to a spacious deck where you can enjoy island views! Entertaining is made easy in the spacious kitchen and dining area with eat-in-bar. The oversized (29X44) garage with workshop has plenty of space to keep a small boat, jet skis, kayaks, fishing gear and more! Plus a lower level screened porch is an ideal spot for cookouts and family gatherings. THIS UNIQUE OPPORTUNITY WON’T LAST LONG!

Last Agent to Sell the Property

Katherine Justice

Levin Rinke Realty Listed on: 10/03/2015

Levin Rinke Realty

Co-Listed By

Peggy Butler

Levin Rinke Realty

Last Buyer's Agent

ABIGAIL PANAYIOTOU

PERDIDO REALTY

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,000

Year Built

  • Built in 1984

Lot Details

  • 6,098 Sq Ft Lot
  • Home fronts a canal

HOA Fees

  • $33 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Oversized Parking
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,524 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Screened Porch
  • Storage
  • Inside Utility
  • Canal Views

Kitchen

  • Updated Kitchen
  • Built-In Microwave
  • Freezer
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Pier
  • Docks
  • Deck
  • Separate Outdoor Workshop

Schools

  • Hellen Caro Elementary School
  • Bailey Middle School
  • Escambia High School

Utilities

  • Central Heating and Cooling System
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 323S321100000048

Community Details

Overview

  • Perdido Key Coves Subdivision

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,000

Year Built

Built in 1984

Lot Details

0

HOA Fees

$33 per month

Parking

2

Listing Details

  • Stories: 1
  • Parcel Number: 323S321100000048
  • Property Type: Residential Attached
  • Year Built: 1984
  • Electric: Circuit Breakers
  • Property Sub Type: Res Attached
  • Horses: No
  • Lot Size Acres: 0.14
  • Road Surface Type: Paved
  • Co List Office Mls Id: MSP003
  • Co List Office Phone: 850-912-4767
  • Subdivision Name: Perdido Key Coves
  • Directions: Perdido Key Drive to Flood Reef, 2nd on the right, canal front.
  • Architectural Style: Contemporary
  • Building Name: None
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: Yes
  • Kitchen Level: Second
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater, Dryer, Washer, Built In Microwave, Dishwasher, Freezer, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Tile, Carpet
  • Interior Amenities: Storage, Baseboards, Ceiling Fan(s), High Speed Internet
  • Window Features: Blinds, Drapes
  • Bedroom/Bathroom Features: Updated
  • Dining Room Features: Living/Dining Combo
  • Master Bedroom Master Bedroom Level: Second
  • Master Bedroom Master Bedroom Width: 12.5
  • Master Bedroom Features: Ceiling Fan(s)
  • Room Kitchen Features: Updated
  • Room Kitchen Area: 108
  • Room Master Bedroom Area: 212.5

Exterior Features

  • Roof: Composition
  • Pool Features: None
  • View: Canal, Water
  • View: Yes
  • Waterfront Features: Canal Front, Waterfront, Pier
  • Waterfront: Yes
  • Construction Type: Frame
  • Exterior Features: Dock
  • Foundation Details: Pillar/Post/Pier
  • Other Structures: Workshop/Storage
  • Patio And Porch Features: Deck, Screen Porch, Screened
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Car Garage, Oversized, Garage Door Opener
  • Total Parking Spaces: 2

Utilities

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)
  • Sewer: Public Sewer
  • Laundry Features: Inside
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 400
  • Association Fee Frequency: Annually
  • Association: Yes

Fee Information

  • Association Fee Includes: Association

Schools

  • Elementary School: Hellen Caro
  • High School: Escambia
  • Middle Or Junior School: Bailey

Lot Info

  • Lot Size Sq Ft: 6098.4
  • Zoning Description: Res Multi
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2016
Bought by
Mackay Scott G Mackay Angela L
Current Estimated Value
$772,937

Purchase Details

Listed on
Oct 3, 2015
Closed on
Mar 7, 2016
Sold by
Mercer Jackie L and Mercer Cammie D
Bought by
Mackay Scott G and Mackay Angela L
Seller's Agent
Katherine Justice
Levin Rinke Realty
Buyer's Agent
ABIGAIL PANAYIOTOU
PERDIDO REALTY
List Price
$355,000
Sold Price
$350,000
Premium/Discount to List
-$5,000
-1.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.60%
Original Mortgage
$280,000
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2002
Sold by
Ambrose Julie B
Bought by
Mercer Jackie L and Mercer Cammie D
Source: Public Records

Range of Values:

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Average Value
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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
Mackay Scott G Mackay Angela L $100 --
Mackay Scott G $350,000 Attorney
Mercer Jackie L $215,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mackay Scott G $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2016 03/08/16 Sold $350,000 -1.4% $230 / Sq Ft
02/06/2016 02/06/16 Pending -- -- --
10/02/2015 10/02/15 For Sale $355,000 -- $233 / 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
2024 $3,000 $264,713 -- --
2023 $3,000 $257,003 $0 $0
2022 $2,944 $250,572 $0 $0
2021 $2,943 $243,274 $0 $0
2020 $2,860 $239,916 $0 $0
2019 $2,811 $234,522 $0 $0
2018 $2,809 $230,150 $0 $0
2017 $2,804 $225,417 $0 $0
2016 $2,121 $175,115 $0 $0
2015 $2,113 $173,898 $0 $0
2014 $2,108 $172,518 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Katherine Justice

    Seller's Agent in 2016

    Katherine Justice

    Levin Rinke Realty

    (850) 712-4631

    184 in this area

    228 Total Sales

    Katherine Justice
    Section Image
  • Peggy Butler

    Seller Co-Listing Agent in 2016

    Peggy Butler

    Levin Rinke Realty

    (850) 712-3133

    21 in this area

    34 Total Sales

    Peggy Butler
    Section Image

  • A

    Buyer's Agent in 2016

    ABIGAIL PANAYIOTOU

    PERDIDO REALTY

See All Agents

Map

Source: Pensacola Association of REALTORS®

MLS Number: 489010

Pensacola Association of REALTORS®

APN: 32-3S-32-1100-000-048

Florida Escambia County Pensacola 32507 Perdido Key

7242 Flood Reef, Pensacola, FL

This home is located at 7242 Flood Reef, Pensacola, FL 32507 since 03 October 2015 and is currently estimated at $772,937, approximately $507 per square foot. This property was built in 1984. 7242 Flood Reef is a home located in Escambia County with nearby schools including Hellen Caro Elementary School, Jim C. Bailey Middle School, and Escambia High School.

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