NOT LISTED FOR SALE

831 Lagoon St Fort Myers Beach, FL 33931

Estimated Value: $1,469,000 - $4,047,260

7 Beds
4 Baths
1,927 Sq Ft
$1,154/Sq Ft Est. Value

Last Sold May 17, 2019

Last sale price $1,125,000 $584 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $12,629/month

78 Days on Market

Highlights

  • Community Beach Access
  • Dock Available
  • Home fronts navigable water
  • Fort Myers Beach Elementary School Rated A-
  • Boating
  • Concrete Pool

About This Home

As of May 2019

High Income Waterfront Quadraplex w/ Pool and OWNER FINANCING AVAILABLE BRING ALL DEALS PLUS an Amazing Vacation rental on a Gulf Access canal STEPS from the Beach. Incredible Gross Income-$150k-180k range. Located in the highly desirable north end of Fort Myers Beach and just minutes walking to the Pier, Restaurants, shops and the beach. Jump in your boat and boat in to dozens of restaurants nearby. This Amazing waterfront property has 2 stand alone Cottages.. A NEW pool is located in the center of the complex. Huge book of business in place, recently renovated and updated. This is an incredible opportunity to own in the Heart of Ft Myers Beach. This wont last long. Call for a showing now!

Last Agent to Sell the Property

Alex King

Premiere Plus Realty Company License #BEAR-3251534 Listed on: 02/07/2019

Premiere Plus Realty Company

Last Buyer's Agent

David Lambert

DomainRealty.com LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,829

Year Built

  • Built in 1962

Lot Details

  • 10,350 Sq Ft Lot
  • Home fronts navigable water
  • Home fronts a canal

Home Design

  • Quadruplex
  • Elevated Home
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Sliding Windows
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Pool

  • Concrete Pool
  • In Ground Pool
  • Spa

Outdoor Features

  • No Fixed Bridges
  • Dock Available
  • Dock made with wood
  • Courtyard
  • Deck
  • Patio

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 24-46-23-W3-0050A.0370
  • Tax Block A

Community Details

Overview

  • 4 Units
  • Island Shores Condos

Amenities

  • Laundry Facilities

Recreation

  • Boating
  • Fishing Pier
  • Gulf Boat Access
  • Community Beach Access

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,829

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Legal Description: ISLAND SHORES UNIT 2 BLK A PB 9 PG 25 LOT 37
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.455605$-81.95733899999999$2.71$13.33$1.00$8UQMBWCQApOlLEAvcl_Q1Q
  • Building Design: Quadraplex
  • Building Description: 2 Story
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Total Bedrooms: 7
  • Flooring: Vinyl
  • Windows: Sliding

Exterior Features

  • Gulf Access: Yes
  • Private Pool: Yes
  • Private Spa: Yes
  • Roof: Shingle
  • Canal Width: Canal Width 31-80
  • Construction: Elevated
  • Gulf Access Type: No Bridge(s)/Water Direct
  • Boat Access: Dock Included, Wooden Dock
  • Exterior Features: Courtyard, Deck, Patio
  • Exterior Finish: Vinyl Siding
  • Private Pool Type: Below Ground, Concrete
  • Private Spa Type: Concrete
  • Waterfront Type: Canal, Navigable

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric, Wall Unit
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Association/Amenities

  • Pets: No Approval Needed
  • Development: Island Shores
  • Amenities: Beach Access, Common Laundry, Fishing Pier
  • Community Type: Boating, Non-Gated
  • Units In Building: 4

Condo/Co-op/Association

  • Sub Condo Name: ISLAND SHORES

Lot Info

  • Lot Unit: 37
  • Section: 24
  • Waterfront: Yes
  • Zoning Code: RM-2
  • Acres: 0.2376
  • Lot Description: Oversize
  • Parcel Number: 24-46-23-W3-0050A.0370

Tax Info

  • Tax Description: City And County
  • Taxes: 11829.00

Multi Family

  • Unit Count: 4
  • Gross Rental Income: 175000.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2019
Closed on
Jun 25, 2019
Sold by
Mcloughlin Alice L
Bought by
Island Gem Llc
Seller's Agent
Alex King
Premiere Plus Realty Company
Buyer's Agent
David Lambert
DomainRealty.com LLC
List Price
$1,275,000
Sold Price
$1,125,000
Premium/Discount to List
-$150,000
-11.76%
Current Estimated Value
$2,224,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,099,065
Avg. Annual Appreciation
11.13%

Purchase Details

Listed on
Feb 7, 2019
Closed on
May 17, 2019
Sold by
Southern Hospitality Waterfront Vacation
Bought by
Mcloughlin Alice L and Alice L Mcloughlin Trust
Seller's Agent
Alex King
Premiere Plus Realty Company
Buyer's Agent
David Lambert
DomainRealty.com LLC
List Price
$1,275,000
Sold Price
$1,125,000
Premium/Discount to List
-$150,000
-11.76%

Purchase Details

Listed on
Mar 1, 2017
Closed on
May 5, 2017
Sold by
831 Lagoon Street Llc
Bought by
Southern Hospitality Waterfront Vacation
Seller's Agent
Alex King
Premiere Plus Realty Company
Buyer's Agent
Alex King
Premiere Plus Realty Company
List Price
$989,000
Sold Price
$945,000
Premium/Discount to List
-$44,000
-4.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.97%
Original Mortgage
$246,000
Interest Rate
4.14%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 4, 2016
Closed on
Mar 17, 2016
Sold by
Paine Frederick L and Paine Nancy K
Bought by
831 Lagoon Street Llc
Seller's Agent
Christian Loffreno
Loffreno Real Estate, Inc.
Buyer's Agent
Charles Smith
Loffreno Real Estate, Inc.
List Price
$799,000
Sold Price
$799,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.86%
Original Mortgage
$649,000
Interest Rate
3.72%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 8, 2014
Sold by
Donoghue Brian J and Donoghue Carol V
Bought by
Belknap Investments Limited Partnership

Purchase Details

Closed on
Aug 23, 2012
Sold by
Jannelli Frank L and Walker Wendy L
Bought by
Donoghue Brian J and Donoghue Carol V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
3.58%
Mortgage Type
Commercial

Purchase Details

Closed on
May 28, 2004
Sold by
Jannelli Walker Inc
Bought by
Jannelli Frank L and Walker Wendy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
3.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 23, 2003
Sold by
Boykin Hotel Prop L P
Bought by
Captiva Villas Dev L L C

Purchase Details

Closed on
Jul 14, 2000
Sold by
Hollman A J and Hollman Jacqueline S
Bought by
Jannelli Walker Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
8.54%
Mortgage Type
Commercial
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
Island Gem Llc -- None Available
Mcloughlin Alice L $1,125,000 Sunset Coast Escrow & Ttl Ll
Southern Hospitality Waterfront Vacation $945,000 Attorney
831 Lagoon Street Llc $799,000 Attorney
Paine Frederick L $799,000 Attorney
Belknap Investments Limited Partnership $436,500 Attorney
Donoghue Brian J $350,000 Attorney
Jannelli Frank L $15,300 Sunbelt Title Agency
Captiva Villas Dev L L C $5,000,000 --
Jannelli Walker Inc $415,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Southern Hospitality Waterfront Vacation $246,000
Previous Owner 831 Lagoon Street Llc $649,000
Previous Owner Donoghue Brian J $262,500
Previous Owner Jannelli Frank L $285,000
Previous Owner Jannelli Walker Inc $315,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/17/2019 05/17/19 Sold $1,125,000 -11.8% $584 / Sq Ft
04/26/2019 04/26/19 Pending -- -- --
04/23/2019 04/23/19 For Sale $1,275,000 0.0% $662 / Sq Ft
04/16/2019 04/16/19 Pending -- -- --
03/05/2019 03/05/19 Price Changed $1,275,000 -1.8% $662 / Sq Ft
02/07/2019 02/07/19 For Sale $1,299,000 +37.5% $674 / Sq Ft
05/05/2017 05/05/17 Sold $945,000 -2.5% $490 / Sq Ft View Prior Sale
04/19/2017 04/19/17 Pending -- -- --
03/27/2017 03/27/17 Price Changed $969,000 -2.0% $503 / Sq Ft
03/01/2017 03/01/17 For Sale $989,000 +23.8% $513 / Sq Ft
03/15/2016 03/15/16 Sold $799,000 0.0% $528 / Sq Ft View Prior Sale
02/14/2016 02/14/16 Pending -- -- --
02/04/2016 02/04/16 For Sale $799,000 -- $528 / Sq Ft
Source: Multiple Listing Service of Bonita Springs-Estero

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 $11,857 $660,111 -- --
2024 $7,532 $600,101 $545,546 --
2023 $7,532 $545,546 $545,546 $0
2022 $19,152 $1,093,346 $0 $0
2021 $15,960 $1,038,520 $470,046 $568,474
2020 $14,687 $903,592 $441,000 $462,592
2019 $14,031 $857,574 $352,800 $504,774
2018 $12,162 $755,815 $352,800 $403,015
2017 $11,829 $720,289 $235,200 $485,089
2016 $12,150 $750,911 $265,199 $485,712
2015 $10,702 $627,011 $259,153 $367,858
2014 $7,949 $450,526 $248,499 $202,027
2013 -- $433,255 $256,122 $177,133
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Multiple Listing Service of Bonita Springs-Estero

MLS Number: 219012026

Multiple Listing Service of Bonita Springs-Estero

APN: 24-46-23-W3-0050A.0370