NOT LISTED FOR SALE

Estimated Value: $2,931,330 - $4,019,000

4 Beds
3 Baths
4,283 Sq Ft
$790/Sq Ft Est. Value

Last Sold July 12, 2017

Last sale price $1,850,000 $432 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $19,736/month

212 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Concrete Pool
  • No HOA
  • Felix A. Williams Elementary School Rated A-
  • Marble Flooring
  • 3-minute walk to Town Commons Park

About This Home

As of July 2017

Discover the elegant style & casual comfort of classic Pam Beach architecture on the Intracoastal Waterway in Martin County! Harken back to the days of Robin Leach and enjoy “Lifestyles of the Rich & Famous” in this 4 bedroom, single level home. Purchased in 2013 and extensively remodeled to bring yesterday’s classic up to today’s living standards. Enjoy over 4,200 sqft of sophisticated living space + a cabana house for pool side entertaining or guest quarters. Designed for entertaining, local socialites will fawn over spacious rooms where hob knobbing and elbow rubbing will only come at their pleasure. Breathtaking sunrises adorn the morning sky with brilliant color while evening brings cooler breezes and sanctuary from the late day sun. Paradise has an address & 8 N. Sewalls Point Rd awaits your arrival!

Last Agent to Sell the Property

Patrick Stracuzzi

MMLS Assoc.-Inactive Member License #3048544 Listed on: 10/20/2016

MMLS Assoc.-Inactive Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,194

Year Built

  • Built in 1982

Lot Details

  • 0.71 Acre Lot
  • Property fronts an intracoastal waterway
  • River Front
  • West Facing Home

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener

Interior Spaces

  • 4,283 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Central Vacuum
  • Fireplace
  • Family Room
  • Workshop
  • Marble Flooring

Kitchen

  • Built-In Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Pool

  • Concrete Pool
  • Pool Equipment Stays

Location

  • East of U.S. Route 1

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Indialucie East Subdivision

Listing and Financial Details

  • Assessor Parcel Number 353741003000000205

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,194

Year Built

Built in 1982

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1982
  • Property Sub Type: Single Family Residence
  • Directions: Go east on SE Ocean Blvd over the bridge; then north on N Sewalls Point Rd
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: INDIALUCIE EAST
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Wall Oven, Washer
  • Interior Amenities: Walk-In Closet(s), Wet Bar, Family Room, Workshop
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 4283
  • Other Equipment: Automatic Garage Door Opener, Central Vacuum
  • Stories: 1
  • Living Room Features: Family Room, Workshop
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • Roof: Other
  • Construction Type: Other
  • Direction Faces: West
  • Disclosures: Disclosure
  • Lot Features: East Of US 1
  • Pool Features: Concrete, Equipment Stays
  • Pool Private: No
  • View: No
  • Waterfront Features: WF/Pool/No Ocean Access, Intracoastal Front, River
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 353741003000000205
  • Lot Size Sq Ft: 30927
  • Zoning: R-1
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 12194

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2016
Closed on
Jul 12, 2017
Sold by
Korenke Steve and Lake Koenke Linette
Bought by
Simpson Charles
Seller's Agent
Patrick Stracuzzi
MMLS Assoc.-Inactive Member
List Price
$2,375,000
Sold Price
$1,850,000
Premium/Discount to List
-$525,000
-22.11%
Current Estimated Value
$3,384,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,534,083
Avg. Annual Appreciation
7.36%
Original Mortgage
$125,000
Outstanding Balance
$103,854
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$3,280,229

Purchase Details

Listed on
Aug 16, 2013
Closed on
Oct 4, 2013
Sold by
Braham Don and Braham Rebekah
Bought by
Koenke Steve
Seller's Agent
Patrick Stracuzzi
RE/MAX Community
Buyer's Agent
Michael Ponte
Engel & Volkers Stuart
List Price
$1,000,000
Sold Price
$825,000
Premium/Discount to List
-$175,000
-17.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.89%
Original Mortgage
$625,000
Interest Rate
4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 21, 2011
Sold by
Cobiella Robert S and Cobiella Connie W
Bought by
Braham Don and Braham Rebekah

Purchase Details

Closed on
Jun 14, 2011
Sold by
Cobiella Robert S and Cobiella Connie W
Bought by
Koenke Steve

Purchase Details

Closed on
May 14, 2001
Sold by
Edward C Vanreuth M and Margaret R Vanreuth M
Bought by
Cobiella Robert S and Cobiella Connie W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2000
Sold by
James C Lauffer Tr and Katherine Lauffer Tr
Bought by
Vanreuth Edward C and Van Reuth Margaret R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
8.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 1997
Sold by
Lauffer James C and Lauffer Katherine
Bought by
Lauffer James C and Lauffer Katherine

Purchase Details

Closed on
Aug 31, 1995
Sold by
Maiucci Henry
Bought by
Lauffer James C and Lauffer Katherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.58%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Simpson Charles $1,850,000 Signature Title Floirda Part
Koenke Steve $825,000 Signature Title Florida Part
Braham Don $940,000 Merit Title Inc
Koenke Steve $100 --
Cobiella Robert S $700,000 --
Vanreuth Edward C $610,000 --
Lauffer James C $100 --
Lauffer James C $500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simpson Charles $125,000
Previous Owner Koenke Steve $625,000
Previous Owner Lauffer James C $560,000
Previous Owner Lauffer James C $488,000
Previous Owner Lauffer James C $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/12/2017 07/12/17 Sold $1,850,000 0.0% $432 / Sq Ft View Prior Sale
07/12/2017 07/12/17 Sold $1,850,000 -22.1% $432 / Sq Ft
06/12/2017 06/12/17 Pending -- -- --
05/19/2017 05/19/17 Pending -- -- --
10/19/2016 10/19/16 For Sale $2,375,000 +18.8% $555 / Sq Ft
10/03/2016 10/03/16 For Sale $2,000,000 +142.4% $467 / Sq Ft
10/04/2013 10/04/13 Sold $825,000 -17.5% $193 / Sq Ft View Prior Sale
09/04/2013 09/04/13 Pending -- -- --
08/16/2013 08/16/13 For Sale $1,000,000 -- $233 / Sq Ft
Source: MIAMI REALTORS® 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
2025 $24,703 $1,622,942 -- --
2024 $24,272 $1,536,886 -- --
2023 $24,272 $1,492,123 $0 $0
2022 $23,546 $1,448,664 $0 $0
2021 $23,657 $1,406,470 $775,000 $631,470
2020 $24,078 $1,419,540 $775,000 $644,540
2019 $24,005 $1,403,120 $750,000 $653,120
2018 $23,963 $1,390,070 $712,500 $677,570
2017 $12,553 $800,189 $0 $0
2016 $12,741 $783,730 $531,250 $252,480
2015 $12,030 $783,360 $531,250 $252,110
2014 $12,030 $781,200 $531,250 $249,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: R10276621

MIAMI REALTORS® MLS

APN: 35-37-41-003-000-00020-5