$9,200,000
SOLD APR 18, 2019
0.6 Acre
$15,333,333 Price per Acre
26,136 Sq Ft Lot

Recently Sold

$1,606 Per Sq Ft

12% Below List Price

171 Days on Market

Highlights

  • Beach Front
  • Community Beach Access
  • Water access To Gulf or Ocean
  • Sea Gate Elementary School Rated A
  • Golf Course Community
  • Gulf View

About This Lot

As of April 2019

With in walking distance of the Ritz Carlton Hotel, Spa and all the amenities, this very rare opportunity to build your already approved 6,700 sq. ft. dream home on a 90' x 300' lot on the beautiful sugar sand and private beach access in the prestigious Bay Colony Club! Your new home will be the first new home in 20 plus years in this exclusive private beachfront enclave of only 12 residences. This property affords access to the Bay Colony Beach Club with 24 hour security and gated private drive. Walk out to the private white, sugar sand beach and stroll to the Bay Colony Beach Club, featuring world-class cuisine, wines and all the amenities of a 5-star resort property. The Bay Colony Golf is nearby.

Last Agent to Sell the Property

Mike McCumber

Waterfront Realty Group Inc Listed on: 10/05/2018

Last Buyer's Agent

Lauren Vallozzi

Downing Frye Realty Inc.

Downing Frye Realty Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $106,030

Lot Details

  • 0.6 Acre Lot
  • Beach Front
  • Property fronts gulf or ocean
  • Cul-De-Sac
  • West Facing Home
  • Paved or Partially Paved Lot
  • Irrigation

HOA Fees

Parking

  • Deeded Parking

Property Views

  • Gulf Views

Utilities

  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 66667503104
  • Tax Block A

Community Details

Overview

  • $11,000 Secondary HOA Transfer Fee
  • Private Membership Available
  • Strand At Bay Colony Condos
  • Mandatory home owners association

Amenities

  • Door to Door Trash Pickup
  • Clubhouse

Recreation

  • Community Beach Access
  • Golf Course Community
  • Beach Club Membership Available
  • Tennis Courts
  • Bike Trail
  • Water access To Gulf or Ocean
  • No Fixed Bridges

Property Details

Property Type

Land

Est. Annual Taxes

$106,030

Lot Details

0

HOA Fees

$2,211 per month

Listing Details

  • Legal Description: PELICAN BAY UNIT 8 THAT PORTION OF TR "A" DESC IN OR 1766 PG 1309 A/K/A SITE 2
  • Property Type: Lot & Land
  • Table: Lot & Land
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Gulf Access Type: No Bridge(s)/Water Direct
  • Gulf Access Yn: Yes
  • Waterfront Description: Gulf Frontage, On The Gulf Beach
  • Irrigation: Central
  • Road: Paved Road, Private Road
  • Subdivision Info: Golf Course, Mandatory Hoa
  • View: Gulf

Utilities

  • Utilities Available: Cable, Electric, Irrigation Water, Sewer, Trash Removal
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Approval: Application Fee
  • Management: Professional
  • Restrictions: Architectural, Deeded, No Commercial, No Rv, No Truck
  • Sub Condo Name: STRAND AT BAY COLONY
  • HOA Description: Mandatory
  • HOA Fees: 24269.00
  • HOA Fee Frequency: Annually
  • Maintenance: Irrigation Water, Master Assn. Fee Included, Security, Street Lights, Street Maintenance, Trash Removal
  • Master Hoa Fee: 2272.00
  • Master HOA Fee Frequency: Annually

Association/Amenities

  • Development: Pelican Bay
  • Golf Type: Golf Equity
  • Amenities: Beach Access, Beach Club Available, Bike And Jog Path, Clubhouse, Private Membership, Streetlight, Tennis Court, Underground Utility
  • Community Type: Gated, Golf Course, Tennis

Fee Information

  • Transfer Fees: 11000.00

Lot Info

  • Lot Back: 90
  • Lot Frontage: 90
  • Lot Left: 300
  • Lot Right: 300
  • Lot Unit: 1.2
  • Price Per Acre: 15333333.33
  • Section: 5
  • Acres: 0.6000
  • Waterfront: Yes
  • Ground Cover: Remarks
  • Land Use Code: 00-Vacant Residential
  • Lot Description: Cul-De-Sac
  • Lot Type: Residential Lot
  • Rear Exposure: W
  • Usage: Single Family
  • Parcel Number: 66667503104

Tax Info

  • Taxes: 106029.84
  • Tax Year: 2017
  • Tax Description: County Only

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2018
Closed on
Apr 17, 2019
Sold by
Sweeney Christopher
Bought by
Faganel Paul R and Faganel Wendy C
Seller's Agent
Mike McCumber
Waterfront Realty Group Inc
Buyer's Agent
Lauren Vallozzi
Downing Frye Realty Inc.
List Price
$10,500,000
Sold Price
$9,200,000
Premium/Discount to List
-$1,300,000
-12.38%
Current Estimated Value
$7,496,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,704,000
Avg. Annual Appreciation
-3.15%

Purchase Details

Closed on
Feb 10, 2005
Sold by
Fabela Kathleen L and Fabela Augie K
Bought by
Sweeney Christopher

Purchase Details

Closed on
Jan 14, 1998
Sold by
Dehaan Jon H
Bought by
Fabela Kathleen L
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 Type Sale Price Title Company
Warranty Deed $9,200,000 Attorney
Warranty Deed $10,000,000 First American Title
Warranty Deed $3,836,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2019 04/18/19 Sold $9,200,000 -12.4% $1,606 / Sq Ft
03/25/2019 03/25/19 Pending -- -- --
10/05/2018 10/05/18 For Sale $10,500,000 -- $1,832 / 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 $149,793 $16,645,978 -- --
2024 $92,341 $15,132,707 -- --
2023 $92,341 $8,423,536 $0 $0
2022 $93,388 $7,657,760 $0 $0
2021 $77,405 $6,961,600 $6,961,600 $0
2020 $85,523 $7,780,600 $7,780,600 $0
2019 $72,951 $6,245,457 $0 $0
2018 $69,708 $5,677,688 $0 $0
2017 $106,030 $7,259,808 $0 $0
2016 $102,481 $6,599,825 $0 $0
2015 $67,946 $5,999,841 $0 $0
2014 $67,313 $5,884,528 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 218070033

Naples Area Board of REALTORS®

APN: 66667503104