$5,600,000
SOLD JUN 20, 2024

7391 NE Bay Cove Ct Boca Raton, FL 33487

6 Beds
8 Baths
6,598 Sq Ft
0.28 Acres

Recently Sold

$849 Per Sq Ft

34% Below List Price

724 Days on Market

Highlights

  • New Construction
  • Saltwater Pool
  • Canal Access
  • Boca Raton Community Middle School Rated A-
  • Waterfront
  • Canal View

About This Home

As of June 2024

Bay Colony Waterfront paradise! Brand New, MOVE IN READY - Certifcate of Occupancy Received 12.1.23 Minutes from the ICW w/TWO fully equipped docks and 155' of water frontage. This 6 bed/6 full/2 half bath home w/Den, Game Room & 4 car garage is a masterpiece of intelligent design & sumptuous finishes. Spanning 2 floors (w/elevator) each bedroom has a balcony, ensuite bath & walk in closet. Gourmet kitchen is artfully equipped with a huge island, butler's pantry, Jenn Aire appliances & generous bar. Massive glass showcases sparkling water views, a heated, saltwater pool & entertainment deck. Planned with the highest standards for quality, innovation & energy efficiency; each garage has a charging station & the home is safeguarded by a 40KW generator. Boca Bay Colony's finest crown jewel

Last Agent to Sell the Property

Valerieanne Martinetti

The Keyes Company License #577174 Listed on: 06/12/2022

The Keyes Company

Last Buyer's Agent

Judy Rebecca

LoKation License #3324851

LoKation

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,291

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 0.28 Acre Lot
  • Waterfront
  • Fenced
  • Sprinkler System

HOA Fees

  • $63 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Slate Roof

Interior Spaces

  • 6,598 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Built-In Features
  • High Ceiling
  • Fireplace
  • Formal Dining Room
  • Den
  • Canal Views

Kitchen

  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Dual Sinks
  • Roman Tub
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Saltwater Pool
  • No Fixed Bridges
  • Canal Access
  • Seawall
  • Deck
  • Open Patio
  • Outdoor Grill
  • Porch

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Association fees include common areas
  • Boca Bay Colony Subdivision

Listing and Financial Details

  • Assessor Parcel Number 06434632170020230

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,291

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$63 per month

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Federal Highway South of Linton to NE Bay Colony Drive, go EAST to NE 8th Avenue, go SOUTH to NE Bay Cove Street, go EAST, the street curves NORTH and turns into Bay Cove Court - Home is on the Left
  • Year Built: 2022
  • New Construction: Yes
  • Year Built Details: New Construction
  • Special Features: 4098

Interior Features

  • Interior Amenities: Built-in Features, Dining Area, Separate/Formal Dining Room, Dual Sinks, Elevator, Fireplace, Garden Tub/Roman Tub, High Ceilings, Pantry, Split Bedrooms, Separate Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Disposal, Gas Range, Microwave, Washer
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace: Yes
  • Flooring: Other
  • Living Area: 6598.0
  • Dining Room Type: Den, Laundry
  • Stories: 2

Exterior Features

  • Exterior Features: Deck, Fence, Outdoor Grill, Porch, Patio
  • View: Canal
  • Lot Features: Sprinklers Automatic
  • Pool Features: Heated, Pool, Salt Water
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Canal Access, No Fixed Bridges, Seawall
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Deck, Open, Patio, Porch
  • Property Condition: New Construction
  • Roof: Slate

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Garage Door Opener

Utilities

  • Security: Security System, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 63.0
  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Association Fee Frequency: Monthly
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Common Areas

Lot Info

  • Parcel #: 06434632170020230
  • Lot Size: 1/4 to 1/2 Acre,Paved Ro
  • Lot Size Sq Ft: 12314.0
  • Zoning Description: resident
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 11291.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2022
Closed on
Jun 20, 2024
Sold by
Badali Vincent J and Badali Regina A
Bought by
7391 Bay Cove Llc
Seller's Agent
Valerieanne Martinetti
The Keyes Company
Buyer's Agent
Judy Rebecca
LoKation
List Price
$8,500,000
Sold Price
$5,600,000
Premium/Discount to List
-$2,900,000
-34.12%
Views
204
Current Estimated Value
$6,074,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$474,604
Avg. Annual Appreciation
7.75%

Purchase Details

Listed on
Feb 4, 2021
Closed on
Apr 1, 2021
Sold by
Peel Thomas A and Peel Michele K
Bought by
Badali Vincent and Badali Regina
Seller's Agent
Theresa Larsen
William Raveis Real Estate
Buyer's Agent
Valerieanne Martinetti
The Keyes Company
List Price
$1,895,000
Sold Price
$1,800,000
Premium/Discount to List
-$95,000
-5.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.26%
Original Mortgage
$1,200,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 1998
Sold by
Laughlin William H and Laughlin Helen A
Bought by
Peel Thomas A and Peel Michele K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.96%
Mortgage Type
New Conventional
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $5,600,000 Secure Title Services
Warranty Deed $1,800,000 Attorney
Warranty Deed $390,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $3,100,000 New Conventional
Previous Owner $2,000,000 Credit Line Revolving
Previous Owner $1,200,000 New Conventional
Previous Owner $500,000 Credit Line Revolving
Previous Owner $50,000 Credit Line Revolving
Previous Owner $263,673 Unknown
Previous Owner $290,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2024 06/20/24 Sold $5,600,000 -13.8% $849 / Sq Ft
06/10/2024 06/10/24 Pending -- -- --
05/31/2024 05/31/24 Price Changed $6,500,000 -15.6% $985 / Sq Ft
05/09/2024 05/09/24 Price Changed $7,700,000 -2.5% $1,167 / Sq Ft
12/04/2023 12/04/23 Price Changed $7,900,000 -2.5% $1,197 / Sq Ft
10/10/2023 10/10/23 Price Changed $8,100,000 -4.7% $1,228 / Sq Ft
06/16/2022 06/16/22 For Sale $8,500,000 +372.2% $1,288 / Sq Ft
04/01/2021 04/01/21 Sold $1,800,000 -5.0% $487 / Sq Ft
03/02/2021 03/02/21 Pending -- -- --
02/04/2021 02/04/21 For Sale $1,895,000 -- $512 / Sq Ft
Source: BeachesMLS

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 $106,466 $6,113,252 -- --
2023 $29,735 $1,612,718 $1,923,600 $8,229
2022 $25,745 $1,466,107 $0 $0
2021 $11,455 $656,987 $0 $0
2020 $11,290 $647,916 $0 $0
2019 $11,340 $633,349 $0 $0
2018 $10,622 $621,540 $0 $0
2017 $10,550 $608,756 $0 $0
2016 $10,570 $596,235 $0 $0
2015 $10,843 $592,090 $0 $0
2014 $10,886 $587,391 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10808970

BeachesMLS

APN: 06-43-46-32-17-002-0230