$2,550,000
SOLD NOV 16, 2015

8741 SE Somerset Island Way Jupiter, FL 33458

5 Beds
8 Baths
5,828 Sq Ft
0.48 Acres

Recently Sold

$438 Per Sq Ft

12% Below List Price

651 Days on Market

Highlights

  • Boat Ramp
  • Property has ocean access
  • Free Form Pool
  • South Fork High School Rated A-
  • Home fronts navigable water
  • River View

About This Home

As of November 2016

Beautiful Mediterranean riverfront estate situated within the Islands of Jupiter featuring 230 ft. of water frontage! This spectacular 2-story home offers a spacious, first floor master suite plus office/den, and 4 generous bedrooms & roomy loft area on the 2nd floor. Additional features include a gourmet kitchen, huge family room, casual & formal dining, hardwood & marble floors, and wonderful outdoor areas ideal for entertaining and simply enjoying the panoramic river views...

Last Agent to Sell the Property

Jaye Parker

Water Pointe Realty Group License #0552244 Listed on: 01/03/2014

Co-Listed By

Mark Eble

Water Pointe Realty Group License #0397250

Last Buyer's Agent

Jo Ann Jacobson

Southern Shore Properties License #0612814

Southern Shore Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,780

Year Built

  • Built in 2004

Lot Details

  • 0.48 Acre Lot
  • Home fronts navigable water
  • River Front
  • Southwest Facing Home
  • Sprinkler System

HOA Fees

  • $233 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Mediterranean Architecture
  • Spanish Tile Roof
  • Tile Roof

Interior Spaces

  • 5,828 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Built-In Features
  • Bar
  • High Ceiling
  • Fireplace
  • French Doors
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Den
  • Loft
  • River Views
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Roman Tub

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Security Gate
  • Motion Detectors

Outdoor Features

  • Free Form Pool
  • Property has ocean access
  • Patio

Utilities

  • Forced Air Zoned Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 224042005000016401

Community Details

Overview

  • Islands Of Jupiter Subdivision

Recreation

  • Boat Ramp
  • Boating
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,780

Year Built

Built in 2004

Lot Details

0

HOA Fees

$233 per month

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Country Club Dr. or Jupiter River Dr. to Island Way. Entrance is located on the north side of Island Wy, just west of the bridge.
  • Year Built: 2004
  • Architectural Style: Mediterranean
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Attic, Wet Bar, Breakfast Bar, Built-in Features, Breakfast Area, Dining Area, Separate/Formal Dining Room, Entrance Foyer, French Door(s)/Atrium Door(s), Fireplace, Garden Tub/Roman Tub, High Ceilings, Kitchen Island, Pantry, Pull Down Attic Stairs, Split Bedrooms, Bar, Walk-In Closet(s), Central Vacuum, Loft
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 3
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Fireplace: Yes
  • Flooring: Marble, Wood
  • Living Area: 5828.0
  • Dining Room Type: Den, Family Room, Loft
  • Stories: 2

Exterior Features

  • Exterior Features: Patio
  • View: River
  • Lot Features: Sprinklers Automatic
  • Pool Features: Free Form, Heated, Other, Pool
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Navigable Water, Ocean Access, River Front
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: Southwest
  • Patio And Porch Features: Patio
  • Roof: Spanish Tile, Tile

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Two or More Spaces, Garage Door Opener

Utilities

  • Security: Security System, Security Gate, Motion Detectors
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 233.0
  • Community Features: Boat Facilities, Tennis Court(s)
  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 224042005000016401
  • Lot Size Sq Ft: 20865.0
  • Zoning Description: RES
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 23780.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2016
Closed on
Nov 17, 2016
Sold by
Megginson Megginson A and Megginson Denyese B
Bought by
Cardwell Terry L
Seller's Agent
Jo Ann Jacobson
Southern Shore Properties
Buyer's Agent
Steven Toomey
Signature Properties of the Palm Beaches LLC
List Price
$2,995,000
Sold Price
$2,800,000
Premium/Discount to List
-$195,000
-6.51%
Current Estimated Value
$5,962,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,162,660
Avg. Annual Appreciation
8.94%

Purchase Details

Listed on
Jan 3, 2014
Closed on
Dec 2, 2015
Sold by
Paul Kathleen Y and Paul Joseph
Bought by
Megginson A R A and Megginson M
Seller's Agent
Jaye Parker
Water Pointe Realty Group
Buyer's Agent
Jo Ann Jacobson
Southern Shore Properties
List Price
$2,895,000
Sold Price
$2,550,000
Premium/Discount to List
-$345,000
-11.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.70%
Original Mortgage
$500,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 3, 2014
Closed on
Nov 16, 2015
Sold by
Paul Joseph
Bought by
Megginson A Ray A and Megginson Denyse B
Seller's Agent
Jaye Parker
Water Pointe Realty Group
Buyer's Agent
Jo Ann Jacobson
Southern Shore Properties
List Price
$2,895,000
Sold Price
$2,550,000
Premium/Discount to List
-$345,000
-11.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 22, 2005
Sold by
Rob Francis Inc
Bought by
Paul Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 24, 2003
Sold by
Foster Jeffrey and Will Candice M
Bought by
Rob Francis Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,220,000
Interest Rate
5.25%
Mortgage Type
Construction

Purchase Details

Closed on
May 16, 2003
Sold by
Mieras John and Bartak Amy E
Bought by
Foster Jeffrey and Will Candice M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,700
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 1999
Sold by
Larschan James E and Larschan Cindy
Bought by
Mieras John and Bartak Amy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,400
Interest Rate
7.85%
Mortgage Type
New Conventional
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 $2,800,000 Intracoastal Title Svcs Of F
Warranty Deed $17,850 --
Deed $2,550,000 --
Warranty Deed $2,400,000 Atlantic Title Inc
Warranty Deed $650,000 Atlantic Title Inc
Warranty Deed $570,000 --
Warranty Deed $258,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,680,000 Adjustable Rate Mortgage/ARM
Previous Owner $500,000 New Conventional
Previous Owner $420,000 Credit Line Revolving
Previous Owner $1,500,000 Fannie Mae Freddie Mac
Previous Owner $1,220,000 Construction
Previous Owner $423,700 Purchase Money Mortgage
Previous Owner $206,400 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2016 11/17/16 Sold $2,800,000 -6.5% $493 / Sq Ft
10/18/2016 10/18/16 Pending -- -- --
08/12/2016 08/12/16 For Sale $2,995,000 +17.5% $527 / Sq Ft
11/16/2015 11/16/15 Sold $2,550,000 -11.9% $438 / Sq Ft
10/17/2015 10/17/15 Pending -- -- --
01/03/2014 01/03/14 For Sale $2,895,000 -- $497 / 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
2025 $37,743 $2,382,529 -- --
2024 $37,180 $2,315,383 -- --
2023 $37,180 $2,247,945 $0 $0
2022 $36,000 $2,182,471 $0 $0
2021 $36,338 $2,118,904 $0 $0
2020 $36,062 $2,089,649 $0 $0
2019 $35,680 $2,042,668 $0 $0
2018 $34,842 $2,005,243 $0 $0
2017 $32,430 $1,963,997 $0 $0
2016 $31,886 $1,897,724 $0 $0
2015 $23,780 $1,482,393 $0 $0
2014 $23,780 $1,470,628 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jo Ann Jacobson

    Southern Shore Properties

    (561) 352-3416

    5 Total Sales

    Jo Ann Jacobson
    Section Image

  • S

    Buyer's Agent in 2016

    Steven Toomey

    Signature Properties of the Palm Beaches LLC

    (561) 596-1611

    20 Total Sales

    Steven Toomey
    Section Image

  • J

    Seller's Agent in 2015

    Jaye Parker

    Water Pointe Realty Group

    (561) 310-2421

    42 Total Sales

    Jaye Parker
    Section Image
  • Mark Eble

    Seller Co-Listing Agent in 2015

    Mark Eble

    Water Pointe Realty Group

    (561) 762-2112

    85 Total Sales

    Mark Eble
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10004780

BeachesMLS

APN: 22-40-42-005-000-01640-1

Florida Martin County Jupiter 33458

8741 SE Somerset Island Way, Jupiter, FL

This home is located at 8741 SE Somerset Island Way, Jupiter, FL 33458 and is currently priced at $2,550,000, approximately $437 per square foot. This property was built in 2004. 8741 SE Somerset Island Way is a home located in Martin County with nearby schools including Hobe Sound Elementary School, Murray Middle School, and South Fork High School.

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.

BeachesMLS 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.

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