K
Seller's Agent in 2021
Kimberly Spears
Douglas Elliman
(772) 263-2505
29 in this area
119 Total Sales
881 SW Bay Pointe Cir Palm City, FL 34990
Estimated Value: $4,378,000 - $4,761,214
5
Beds
10
Baths
8,056
Sq Ft
$568/Sq Ft
Est. Value
Highlights
- Boat Dock
- River Access
- Concrete Pool
- Bessey Creek Elementary School Rated A-
- Gated with Attendant
- River View
About This Home
As of February 2021One of Palm City’s Grandest Estates comes to market in one of the areas most Exclusive and Premier Waterfront Communities. Over 10,000 SF with no detail spared! Bring multiple vessels, including room for up to 60’ boat, plus 27,000 pound lift, 2 jet ski lifts plus a floating dock. Exquisite master bedroom includes large sitting area, morning kitchen and His and Her closets PLUS a stunning dressing area. Spectacular dining room with custom built-in wine units (200 bottle capacity). Chef’s gourmet kitchen with 2 Sub-Zero refrigerators, Viking cooktop, & double ovens. Elevator, Game Room, Exercise Room, Media Room, Custom Office and more! Impact windows and doors. Completely turn key. List of upgrades and options available. Truly a masterpiece to see.
Last Agent to Sell the Property
Douglas Elliman License #613962 Listed on: 02/19/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $35,473
Year Built
- Built in 2007
Lot Details
- 0.36 Acre Lot
- Waterfront
- West Facing Home
- Sprinkler System
HOA Fees
- $1,021 Monthly HOA Fees
Property Views
- River
- Pool
Home Design
- Contemporary Architecture
- Barrel Roof Shape
- Concrete Siding
- Block Exterior
- Stucco
Interior Spaces
- 8,056 Sq Ft Home
- 2-Story Property
- Elevator
- Built-In Features
- Bar
- Cathedral Ceiling
- Ceiling Fan
- Gas Fireplace
- Entrance Foyer
- Formal Dining Room
- Open Floorplan
- Impact Glass
Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Breakfast Bar
- Built-In Oven
- Cooktop
- Microwave
- Ice Maker
- Dishwasher
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom Upstairs
- Closet Cabinetry
- Dual Sinks
- Hydromassage or Jetted Bathtub
- Bathtub with Shower
- Separate Shower
Laundry
- Dryer
- Washer
Parking
- 3 Car Attached Garage
- Garage Door Opener
Pool
- Concrete Pool
- In Ground Pool
- Spa
- Pool Equipment or Cover
Outdoor Features
- River Access
- Balcony
- Covered Patio or Porch
- Outdoor Kitchen
- Exterior Lighting
- Outdoor Grill
Schools
- Bessey Creek Elementary School
- Hidden Oaks Middle School
- Martin County High School
Utilities
- Central Heating and Cooling System
- 220 Volts
- 110 Volts
- Cable TV Available
Community Details
Overview
- Association fees include common areas, ground maintenance, security
Recreation
- Boat Dock
- Community Boat Facilities
Security
- Gated with Attendant
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 19, 2020
Closed on
Feb 4, 2021
Sold by
Adler Stephen P and Adler Iris
Bought by
Apperson Michael W and Apperson Chrsitina C
Seller's Agent
Kimberly Spears
Douglas Elliman
List Price
$3,750,000
Sold Price
$3,300,000
Premium/Discount to List
-$450,000
-12%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,277,405
Avg. Annual Appreciation
7.72%
Original Mortgage
$2,145,000
Outstanding Balance
$1,923,983
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$2,704,302
Purchase Details
Closed on
Apr 8, 2004
Sold by
Neandross Estate Homes Inc
Bought by
Adler Stephen P and Rosas Iris
Purchase Details
Closed on
Mar 17, 2000
Sold by
Adler Stephen C and Rosas Iris
Bought by
Pardue Michael E and Pardue Phyllis M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,500
Interest Rate
8.29%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 22, 1995
Bought by
Adler Stephen C and Rosas Iris
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Apperson Michael W | $3,300,000 | None Available | |
| Adler Stephen P | $36,500 | -- | |
| Pardue Michael E | $385,000 | -- | |
| Adler Stephen C | $449,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Apperson Michael W | $2,145,000 | |
| Previous Owner | Adler Stephen C | $1,718,500 | |
| Previous Owner | Adler Stephen C | $2,421,097 | |
| Previous Owner | Pardue Michael E | $346,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/08/2021 02/08/21 | Sold | $3,300,000 | -12.0% | $410 / Sq Ft |
| 01/09/2021 01/09/21 | Pending | -- | -- | -- |
| 02/19/2020 02/19/20 | For Sale | $3,750,000 | -- | $465 / Sq Ft |
Source: Martin County REALTORS® of the Treasure Coast
Tax History Compared to Growth
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 | $60,157 | $3,887,385 | -- | -- |
| 2024 | $60,001 | $3,529,896 | -- | -- |
| 2023 | $60,001 | $3,208,997 | $0 | $0 |
| 2022 | $48,954 | $2,917,270 | $1,150,200 | $1,767,070 |
| 2021 | $34,655 | $1,979,830 | $595,000 | $1,384,830 |
| 2020 | $35,123 | $1,994,130 | $595,000 | $1,399,130 |
| 2019 | $35,473 | $1,989,430 | $573,750 | $1,415,680 |
| 2018 | $36,193 | $2,042,310 | $595,000 | $1,447,310 |
| 2017 | $31,958 | $1,892,570 | $616,250 | $1,276,320 |
| 2016 | $32,584 | $1,898,930 | $652,500 | $1,246,430 |
| 2015 | -- | $1,797,110 | $540,000 | $1,257,110 |
| 2014 | -- | $1,814,460 | $540,000 | $1,274,460 |
Source: Public Records
Agents Affiliated with this Home
-
Kimberly Spears
Map
Source: Martin County REALTORS® of the Treasure Coast
MLS Number: M20022486
APN: 05-38-41-019-000-00020-8
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.
All listings featuring the MCRTC logo are provided by Martin County REALTORS® of the Treasure Coast, Inc. Multiple Listing Service. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Martin County REALTORS® of the Treasure Coast, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing broker has attempted to offer accurate data, but buyers are advised to confirm all information.
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