NOT LISTED FOR SALE

8761 Mustang Island Cir Naples, FL 34113

Lely Resort Neighborhood

Estimated Value: $1,023,000 - $1,207,000

4 Beds
3 Baths
2,394 Sq Ft
$464/Sq Ft Est. Value

Last Sold November 22, 2024

Last sale price $1,225,000 $512 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $7,246/month

172 Days on Market

Highlights

  • Lake Front
  • Golf Course Community
  • 24-Hour Guard
  • Full Service Day or Wellness Spa
  • Fitness Center
  • Concrete Pool

About This Home

As of November 2024

MUST SEE Mangrove model home in Mustang Island at Lely Resort with lake and golf course views from the oversize lanai. LOW HOAs and good rental policy! This home boasts 2400 square feet under air with Four bedrooms and Three full bathrooms. In 2019 a Brand new roof and storm smart storm screens were installed. The 2021 upgrades included a Remodeled great room and kitchen ($225,000 ++). Included in that remodel were New tile flooring, Massive Quartz countertop island, New cabinets, Top end appliances, Cooking exhaust vent fan to outside, Two new bathrooms, Laundry Room, Outdoor Kitchen updating, pool conversion to saltwater, as well as new pool pump. Other smart home capabilities added in 2021 for remote access were electric storm shutters on lanai and front porch area, door lock for front door, and Remote access thermostat. In 2022 electronic pool automation was added, as well as new plantation shutters. 2023 additions and upgrades included New exterior paint, a full landscape refresh, a Refinished pool, and super gutters were installed on the lanai. Purchase of this home includes membership to The Players Club and Spa which includes fine dining, a tiki bar, lap pool, resort style pool, children's pool, workout facility, tennis, pickleball, and much more. Lely Resort is just a few minutes from grocery stores, shops, and restaurants, AND 12 minutes from the world famous Downtown 5th Ave, and 15 minutes to the sugary white sandy beaches of the Gulf of Mexico in either Naples or Marco Island.

Last Agent to Sell the Property

Rob Lahay

Downing Frye Realty Inc. Listed on: 05/09/2024

Downing Frye Realty Inc.

Last Buyer's Agent

Rob Lahay

Downing Frye Realty Inc. Listed on: 05/09/2024

Downing Frye Realty Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,257

Year Built

  • Built in 2005

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions: 65
  • Lake Front
  • West Facing Home
  • Gated Home
  • Sprinkler System

HOA Fees

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Deeded Parking

Property Views

  • Lake
  • Golf Course

Home Design

  • Entry on the 1st floor
  • Turnkey
  • Concrete Block With Brick
  • Stucco
  • Tile

Interior Spaces

  • 2,394 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Custom Mirrors
  • Vaulted Ceiling
  • Ceiling Fan
  • Electric Shutters
  • Double Hung Windows
  • Combination Dining and Living Room
  • Den
  • Screened Porch
  • Tile Flooring

Kitchen

  • Electric Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Built-In Bedroom Cabinets
  • In-Law or Guest Suite
  • 3 Full Bathrooms
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Pool

  • Concrete Pool
  • Lap Pool
  • In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Pool Bathroom

Outdoor Features

  • Outdoor Kitchen
  • Outdoor Gas Grill

Schools

  • Lely Elementary School
  • Manatee Middle School
  • Lely High School

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 60698002340

Community Details

Overview

  • $7,500 Secondary HOA Transfer Fee
  • Private Membership Available
  • Lely Resort Community
  • Mandatory home owners association

Amenities

  • Full Service Day or Wellness Spa
  • Community Barbecue Grill
  • Restaurant
  • Sauna
  • Clubhouse
  • Business Center
  • Community Library
  • Recreation Room

Recreation

  • Golf Course Community
  • Tennis Courts
  • Pickleball Courts
  • Bocce Ball Court
  • Fitness Center
  • Exercise Course
  • Community Pool or Spa Combo
  • Dog Park
  • Bike Trail

Security

  • 24-Hour Guard
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,257

Year Built

Built in 2005

Lot Details

0

HOA Fees

$683 per month

Parking

2

Listing Details

  • Legal Description: MUSTANG ISLAND LOT 116
  • Property Type: Residential
  • Table: Residential
  • Building Design: Single Family
  • Building Description: 1 Story/Ranch
  • Storm Protection: Electric Shutters, Shutters - Manual
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Furnished Description: Turnkey
  • Num Unit Floor: 1
  • Price Per Sq Ft: 511.70
  • Total Floors: 1
  • Additional Rooms: Den/Study, Guest Room, Laundry in Residence, Screened Lanai/Porch
  • Estimated Living Area: 2394
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Bedrooms: 4 Bed
  • Total Bedrooms: 4
  • Dining Room: Living Dining
  • Equipment: Auto Garage Door, Cooktop - Electric, Dishwasher, Disposal, Dryer, Gas Grill, Microwave, Range, Refrigerator/Freezer, Refrigerator/Icemaker, Smoke Detector, Washer, Washer/Dryer Hookup, Wine Cooler
  • Flooring: Tile
  • Floor Plan: Split Bedrooms
  • Interior Amenities: Built-In Cabinets, Cable Prewire, Closet Cabinets, Custom Mirrors, Fire Sprinkler, Internet Available, Laundry Tub, Vaulted Ceiling, Wet Bar
  • Kitchen: Island, Pantry
  • Primary Bathroom: Separate Tub And Shower
  • Windows: Double Hung

Exterior Features

  • Gulf Access: No
  • Private Pool: Yes
  • Private Spa: Yes
  • Roof: Tile
  • Construction: Concrete Block
  • Irrigation: Central
  • Road: Private Road
  • View: Golf Course, Lake
  • Exterior Features: Built In Grill, Outdoor Kitchen, Sprinkler Auto
  • Exterior Finish: Stucco
  • Private Pool Type: Below Ground, Concrete
  • Private Spa Type: Below Ground, Concrete, Heated Electric, Pool Bath
  • Waterfront Type: Lake

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 2
  • Parking: Covered, Driveway Paved

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Security: Gated, Patrolled
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Management: Professional
  • Mandatory HOA: Yes
  • Restrictions: Deeded, No RV
  • Sub Condo Name: MUSTANG ISLAND
  • HOA Fees: 723
  • HOA Fee Frequency: Quarterly
  • Maintenance: Insurance, Internet/WiFi Access, Irrigation Water, Lawn/Land Maintenance, Manager, Pest Control Exterior, Recreational Facilities, Reserve, Security, Street Lights, Street Maintenance
  • Master Hoa Fee: 112
  • Master HOA Fee Frequency: Annually
  • Club Fee Mandatory: 5200
  • Club Fee Mandatory Frequency: Annually
  • Development Name: LELY RESORT

Association/Amenities

  • Pets: With Approval
  • Development: Lely Resort
  • Amenities: BBQ - Picnic, Bike And Jog Path, Bocce Court, Business Center, Clubhouse, Community Pool, Community Room, Community Spa/Hot tub, Dog Park, Exercise Room, Fitness Center Attended, Full Service Spa, Golf Course, Guest Room, Internet Access, Lap Pool, Library, Pickleball, Private Membership, Restaurant, Sauna, Sidewalk, Streetlight, Tennis Court
  • Community Type: Gated, Golf Course
  • Units In Building: 1
  • Total Number of Units: 186

Fee Information

  • Transfer Fees: 7500.00
  • Application Fee: 150.00

Schools

  • Elementary School: Lely Elementary School
  • High School: Lely High School
  • Middle School: Manatee Middle School

Lot Info

  • Builder Product: No
  • Section: 33
  • Total Area: 2744
  • Waterfront: Yes
  • Acres: 0.1900
  • Rear Exposure: West
  • Lot Description: Regular
  • Lot Dimensions: 65 X 130
  • Parcel Number: 60698002340

Rental Info

  • Lease Limits: Yes
  • Leases Per Year: 3
  • Min Days Of Lease: 30

Tax Info

  • Tax Description: City And County
  • Tax District Type: Community Development District
  • Taxes: 8256.60
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2024
Closed on
Nov 26, 2024
Sold by
Hayes Thomas M and Hayes Mary E
Bought by
Kendall R Paulson And Wendi R Paulson Declara and Paulson
Seller's Agent
Rob Lahay
Downing Frye Realty Inc.
Buyer's Agent
Rob Lahay
Downing Frye Realty Inc.
List Price
$1,450,000
Sold Price
$1,225,000
Premium/Discount to List
-$225,000
-15.52%
Views
23
Current Estimated Value
$1,111,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$113,588
Avg. Annual Appreciation
-8.69%
Original Mortgage
$825,000
Outstanding Balance
$814,869
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$296,543

Purchase Details

Listed on
Jul 31, 2020
Closed on
Oct 2, 2020
Sold by
Bergstrom Todd W and Bergstrom Sarah A
Bought by
Hayes Thomas M and Hayes Mary E
Seller's Agent
Paul Freeman
John R Wood Properties
Buyer's Agent
paula see
John R Wood Properties
List Price
$675,000
Sold Price
$650,000
Premium/Discount to List
-$25,000
-3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.54%
Original Mortgage
$510,400
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2020
Sold by
Bergstrom Tod W and Bergstrom Sarah A
Bought by
Bergstrom Todd W and Bergstrom Sarah A

Purchase Details

Closed on
Mar 27, 2009
Sold by
Mertzig Susan D
Bought by
Bergstrom Todd W and Bergstrom Sarah A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,300
Interest Rate
4.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2005
Sold by
Centex Homes
Bought by
Mertzig Anthony and Mertzig Susan D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kendall R Paulson And Wendi R Paulson Declara $1,225,000 Ross Title
Kendall R Paulson And Wendi R Paulson Declara $1,225,000 Ross Title
Kendall R Paulson And Wendi R Paulson Declara $1,225,000 Ross Title
Hayes Thomas M $650,000 Attorney
Bergstrom Todd W -- Accommodation
Bergstrom Todd W $579,000 Gulfshore Title Company Lc
Mertzig Anthony $563,913 Commerce Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kendall R Paulson And Wendi R Paulson Declara $825,000
Closed Kendall R Paulson And Wendi R Paulson Declara $825,000
Previous Owner Hayes Thomas M $510,400
Previous Owner Bergstrom Todd W $405,300
Previous Owner Mertzig Anthony $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/22/2024 11/22/24 Sold $1,225,000 -9.2% $512 / Sq Ft
10/28/2024 10/28/24 Pending -- -- --
09/06/2024 09/06/24 Price Changed $1,349,000 -7.0% $563 / Sq Ft
07/01/2024 07/01/24 For Sale $1,450,000 +18.4% $606 / Sq Ft
05/23/2024 05/23/24 Off Market $1,225,000 -- --
05/09/2024 05/09/24 For Sale $1,450,000 +123.1% $606 / Sq Ft
10/02/2020 10/02/20 Sold $650,000 -3.7% $272 / Sq Ft View Prior Sale
08/29/2020 08/29/20 Pending -- -- --
08/23/2020 08/23/20 For Sale $675,000 0.0% $282 / Sq Ft
08/18/2020 08/18/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $675,000 -- $282 / 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 $8,606 $836,385 $405,544 $430,841
2024 $8,601 $649,039 -- --
2023 $8,601 $590,035 $0 $0
2022 $8,204 $536,395 $0 $0
2021 $6,611 $487,632 $83,363 $404,269
2020 $5,374 $424,048 $0 $0
2019 $5,293 $414,514 $0 $0
2018 $5,194 $406,785 $0 $0
2017 $5,066 $398,418 $0 $0
2016 $4,877 $390,223 $0 $0
2015 $4,907 $387,510 $0 $0
2014 $4,916 $334,435 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 224040060

Naples Area Board of REALTORS®

APN: 60698002340