NOT LISTED FOR SALE

7277 Rum Bay Dr Unit 5211 Cape Haze, FL 33946

Don Pedro Island Neighborhood

Estimated Value: $368,000 - $571,000

2 Beds
2 Baths
1,276 Sq Ft
$378/Sq Ft Est. Value

Last Sold March 01, 2022

Last sale price $490,000 $384 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $4,587/month

95 Days on Market

Highlights

  • Water access To Gulf or Ocean
  • Dock made with wood
  • End Unit
  • Private Beach

About This Home

As of March 2022

This Completely updated Bay front, two bedroom, two bath, downstairs, condo is located in the exclusive Palm Island Resort. This well-cared for unit has not been rented and it shows. The complete renovation was started in 2019 to include but not limited to A/C, Entire Water Reverse Osmosis System/ Water Softener & Purifier, Bahama Shutters, wood floors, Tile, carpet, Kitchen, bathrooms, paint (appliances and hot water heater new in 2021), revers osmosis, electric hurricane shutters, 2 sets of exterior stairs, garage door opener. The Gulf of Mexico beach accesses has many entry's with one directly across from this condo. This rarely available building sits back on Rum Bay and offers privacy and an abundance of wild life. The access's to the community boat docks are directly behind this building. Another key item that this building and condo offers that most do not is a private Garage. The current owners use this garage for two golf carts, kayaks, paddle boards, beach toys, fishing poles and many more items. The Resort offers many amenities to include private beach access, community boat docks, a grilling station, tennis courts, clubhouse, play grounds, Gym, The Rumbay Restaurant & Bar, Rentals (golf carts, bikes, kayaks, paddle boards, beach toys, etc), 24 hour security, bellman, mail delivery, parking, heated swimming pool./spa, plus a multitude of seashells. On any busy seasonal day, you will experience the quietness, tranquility, calmness, and restfulness of this exclusive Island. If you are looking for a relaxing getaway, you have finally found it. Seller is leaving some furniture.

Last Agent to Sell the Property

Jeremy Jones

TALL PINES REALTY License #3186366 Listed on: 11/01/2021

Last Buyer's Agent

Lisa Halpin

PALM ISLAND PROPERTIES INC License #3515689

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,260

Year Built

  • 2002

Lot Details

  • Private Beach
  • End Unit

HOA Fees

  • $1,672 Monthly HOA Fees

Parking

  • 1

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Lagoon or Estuary
  • Access to Saltwater Canal
  • Dock made with wood

Community Details

  • Palm Island Bay Villas Community
  • Rental Restrictions

Listing and Financial Details

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,260

Year Built

2002

Lot Details

0

HOA Fees

$1,672 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Carport Y N: No
  • Directions: 776 to South on Placid Rd then take right onto Panama Blvd. Must take car ferry/ barge over to Palm Island then drive to Resort.
  • Garage Yn: Yes
  • New Construction: No
  • Ownership: Fee Simple
  • Road Surface Type: Asphalt
  • Subdivision Name: PALM ISLAND BAY VILLAS
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/D6121986?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/D6121986?w=Customer
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Other Fees Amount: 1310
  • Property Description: Corner Unit
  • Ratio: Close Price\List Price: 0.98
  • Price per Sq Ft: 384.01
  • Close to Original List Price Ratio: 0.89107
  • Special Features: None
  • Year Built: 2002

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Whole House R.O. System
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Carpet, Tile, Hardwood
  • Furnished: Partially
  • Interior Amenities: Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
  • Spa Features: Heated, In Ground
  • Private Spa: Yes
  • Window Features: Shutters
  • Room Count: 5

Exterior Features

  • Roof: Other
  • Exterior Features: Other
  • Foundation Details: Crawlspace
  • Construction Type: Other
  • Direction Faces: Northwest
  • Disclosures: Condominium Disclosure Available
  • Pool Features: Child Safety Fence, Heated, In Ground, Lighting, Tile
  • Pool Private: No
  • Waterfront: No
  • Water Access: Beach - Private, Canal - Saltwater, Gulf/Ocean, Lagoon
  • Water Extras: Dock - Wood
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: Yes

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: No

Utilities

  • Cooling: Central Air
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Laundry Features: Inside
  • Security: Fire Sprinkler System, Gated Community, Security System, Smoke Detector(s)
  • Sewer: Public Sewer
  • Utilities: Public
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Basketball Court, Clubhouse, Boat Dock, Fitness Center, Gated, Maintenance, Pickleball Court(s), Playground, Pool, Recreation Facilities, Security, Spa/Hot Tub, Tennis Court(s)
  • Association Fee: 4688
  • Association Fee Frequency: Quarterly
  • Association Name: Palm Island Resort
  • Association: Yes
  • Community Features: Fitness, Gated Community, Golf Carts OK, Playground, Pool, Tennis Courts, Water Access, Waterfront
  • Pets Allowed: Yes
  • Senior Community: No
  • Other Fees Term: Annual
  • Association Fee Requirement: Required
  • Association Approval Required YN: No

Fee Information

  • Association Fee Includes: 24-Hour Guard, Common Area Taxes, Community Pool, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pool Maintenance, Private Road, Recreational Facilities, Security, Trash
  • Total Annual Fees: 20062
  • Monthly HOA Fee: 1562.67
  • Total Monthly Fees: 1671.83

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 1284
  • Zoning: PD
  • Flood Zone Code: X

Rental Info

  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Must lease through Resort.

Tax Info

  • Tax Annual Amount: 3000.19
  • Tax Book Number: 1955-1810
  • Tax Lot: 5211
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2021
Closed on
Mar 1, 2022
Sold by
Joseph And Theresa Vaughn Revocable Trus
Bought by
Nicholson Terry and Nicholson Karen
Seller's Agent
Jeremy Jones
TALL PINES REALTY
Buyer's Agent
Lisa Halpin
PALM ISLAND PROPERTIES INC
List Price
$549,900
Sold Price
$490,000
Premium/Discount to List
-$59,900
-10.89%
Current Estimated Value
$439,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$50,989
Avg. Annual Appreciation
-0.45%

Purchase Details

Closed on
Dec 15, 2014
Sold by
Vaughn Joseph and Vaughn Theresa
Bought by
Joseph & Theresa Vaughn Revocable Trust

Purchase Details

Closed on
Aug 9, 2013
Sold by
Curtes Don and Curtes Virginia
Bought by
Vaughn Joseph and Vaughn Theresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 31, 2008
Sold by
Coral Creek Partnership
Bought by
Curtes Don and Curtes Virginia
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
Nicholson Terry $490,000 Wideikis Benedict & Berntsson
Joseph & Theresa Vaughn Revocable Trust -- Attorney
Vaughn Joseph $385,000 Attorney
Curtes Don $460,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vaughn Joseph $385,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2022 03/01/22 Sold $490,000 -2.0% $384 / Sq Ft
02/01/2022 02/01/22 Pending -- -- --
01/04/2022 01/04/22 Price Changed $500,000 -9.1% $392 / Sq Ft
10/29/2021 10/29/21 For Sale $549,900 -- $431 / Sq Ft
Source: Stellar MLS

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
2023 $7,260 $357,918 $0 $0
2022 $3,008 $159,397 $0 $0
2021 $3,000 $154,754 $0 $0
2020 $2,976 $152,617 $0 $0
2019 $2,939 $149,186 $0 $0
2018 $3,940 $171,367 $0 $171,367
2017 $4,015 $186,551 $0 $0
2016 $5,005 $232,647 $0 $0
2015 $4,563 $211,497 $0 $0
2014 -- $237,278 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jeremy Jones

    TALL PINES REALTY

    (941) 698-4111

    16 in this area

    368 Total Sales

    Jeremy Jones
    Section Image
  • Lisa Halpin

    Buyer's Agent in 2022

    Lisa Halpin

    PALM ISLAND PROPERTIES INC

    (941) 697-1445

    47 in this area

    54 Total Sales

    Lisa Halpin
    Section Image
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Map

Source: Stellar MLS

MLS Number: D6121986

Stellar MLS

APN: 412020777009

Florida Charlotte County Cape Haze 33946 Don Pedro Island

7277 Rum Bay Dr Unit 5211, Cape Haze, FL

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.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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