NOT LISTED FOR SALE

8862 Madrid Cir Naples, FL 34104

Sapphire Lakes Neighborhood

Estimated Value: $440,193 - $505,000

3 Beds
2.5 Baths
2,032 Sq Ft
$238/Sq Ft Est. Value

Last Sold August 10, 2021

Last sale price $375,000 $185 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,195/month

20 Days on Market

Highlights

  • Lake Front
  • Gated Community
  • Lanai
  • Community Cabanas
  • Vaulted Ceiling
  • Great Room

About This Home

As of August 2021

almost like a new home built in 2019 of S Naples gated community with a very low HOA, 2 story Doheny model by CC Homes, has a loft upstairs, close to shops, restaurants, down town Naples only minutes away, I-75 within reach, community has resort style pool, easy access/exit, elegant Mediterranean exterior & walkaway brick pavers, 2 car garage, as-is, rare opportunity to be in Naples and surrounding area, as-is buyer is due diligence, original owner, price drop for a quick sale, SELLER IS VERY MOTIVATED!!!

Last Agent to Sell the Property

Abdul Prawiradilaga

Starlink Realty, Inc Listed on: 06/01/2021

Starlink Realty, Inc

Last Buyer's Agent

Derek DeSantis

Compass Florida LLC

Compass Florida LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,018

Year Built

  • Built in 2019

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions: 42
  • Lake Front
  • South Facing Home
  • Sprinkler System

HOA Fees

  • $95 Monthly HOA Fees

Parking

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

Home Design

  • Concrete Block With Brick
  • Stucco
  • Tile

Interior Spaces

  • 2,032 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • Vaulted Ceiling
  • Shutters
  • Single Hung Windows
  • Great Room
  • Combination Dining and Living Room
  • Lake Views
  • Fire and Smoke Detector
  • Washer Hookup

Kitchen

  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Shower Only

Outdoor Features

  • Lanai

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Sewer Assessments
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 34550001169

Community Details

Overview

  • Mandatory home owners association

Recreation

  • Community Cabanas
  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,018

Year Built

Built in 2019

Lot Details

3,485 Sq Ft Lot

HOA Fees

$95 per month

Parking

2

Listing Details

  • Legal Description: FRONTERRA PHASE 1
  • Property Type: Residential
  • Table: Residential
  • Building Design: Single Family
  • Building Description: 2 Story
  • Storm Protection: Shutters - Manual
  • Year Built: 2019
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Furnished Description: Partially Furnished
  • Price Per Sq Ft: 184.55
  • Total Floors: 2
  • Additional Rooms: Open Porch/Lanai
  • Estimated Living Area: 2032
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Bedrooms: 3 Bed
  • Total Bedrooms: 3
  • Dining Room: Living Dining
  • Equipment: Auto Garage Door, Dishwasher, Microwave, Refrigerator/Icemaker, Smoke Detector, Washer/Dryer Hookup
  • Flooring: Carpet, Tile
  • Floor Plan: Great Room
  • Interior Amenities: Cable Prewire, Smoke Detectors, Volume Ceiling
  • Primary Bathroom: Shower Only
  • Windows: Single Hung

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Tile
  • Construction: Concrete Block
  • Irrigation: Assessment Paid, Lake/Canal
  • View: Lake
  • Exterior Features: Sprinkler Auto
  • Exterior Finish: Stucco
  • Waterfront Type: Lake

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 2

Utilities

  • Cable Available: No
  • Cooling: Central Electric
  • Heat: Central Electric
  • Sewer: Assessment Paid
  • Water: Assessment Paid

Condo/Co-op/Association

  • Approval: Application Fee
  • Management: Professional
  • Mandatory HOA: Yes
  • Restrictions: Architectural, Deeded, No Commercial, No RV
  • Sub Condo Name: FRONTERRA
  • Maintenance: Lawn/Land Maintenance
  • Master Hoa Fee: 95
  • Master HOA Fee Frequency: Monthly

Association/Amenities

  • Pets: No Approval Needed
  • Development: Fronterra
  • Amenities: Cabana, Community Pool, Underground Utility
  • Community Type: Gated
  • Units In Building: 1
  • Total Number of Units: 1

Lot Info

  • Builder Product: No
  • Section: 34
  • Total Area: 2529
  • Waterfront: Yes
  • Acres: 0.0800
  • Rear Exposure: South
  • Lot Description: Zero Lot Line
  • Lot Dimensions: 42 X 92 X 47 X 92
  • Parcel Number: 34550001169

Rental Info

  • Lease Limits: No

Tax Info

  • Tax Description: County Only
  • Taxes: 5018.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2021
Closed on
Aug 6, 2021
Sold by
Lendhey Matin S and Patankar Shumaila
Bought by
Chery Gary and Chery Gina
Seller's Agent
Abdul Prawiradilaga
Starlink Realty, Inc
Buyer's Agent
Derek DeSantis
Compass Florida LLC
List Price
$389,999
Sold Price
$375,000
Premium/Discount to List
-$14,999
-3.85%
Current Estimated Value
$484,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,298
Avg. Annual Appreciation
5.69%
Original Mortgage
$356,250
Outstanding Balance
$323,454
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$160,844

Purchase Details

Closed on
Nov 20, 2019
Sold by
Ccc Fronterra Llc
Bought by
Lendhey Matin S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.5%
Mortgage Type
Commercial
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
Chery Gary $375,000 Hyperion Title
Lendhey Matin S $330,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chery Gary $356,250
Previous Owner Lendhey Matin S $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2021 08/10/21 Sold $375,000 -3.8% $185 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
06/21/2021 06/21/21 Price Changed $389,999 0.0% $192 / Sq Ft
06/21/2021 06/21/21 For Sale $389,999 +4.0% $192 / Sq Ft
06/20/2021 06/20/21 Off Market $375,000 -- --
06/18/2021 06/18/21 Price Changed $414,999 0.0% $204 / Sq Ft
06/18/2021 06/18/21 For Sale $414,999 -2.4% $204 / Sq Ft
06/17/2021 06/17/21 Pending -- -- --
06/08/2021 06/08/21 Price Changed $424,999 -5.6% $209 / Sq Ft
06/04/2021 06/04/21 Price Changed $449,999 0.0% $221 / Sq Ft
06/01/2021 06/01/21 For Sale $450,000 -- $221 / Sq Ft
Source: Naples Area Board of REALTORS®

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 $6,622 $410,904 $155,192 $255,712
2024 $5,261 $429,712 $118,916 $310,796
2023 $5,261 $351,616 $0 $0
2022 $6,338 $391,820 $57,891 $333,929
2021 $5,031 $303,592 $40,020 $263,572
2020 $5,018 $304,083 $50,460 $253,623
2019 $2,448 $60,030 $60,030 $0
2018 $2,064 $30,500 $30,500 $0
Source: Public Records

Agents Affiliated with this Home

  • Abdul Prawiradilaga

    Seller's Agent in 2021

    Abdul Prawiradilaga

    Starlink Realty, Inc

    (239) 682-0237

    2 in this area

    159 Total Sales

    Abdul Prawiradilaga
    Section Image
  • Derek DeSantis

    Buyer's Agent in 2021

    Derek DeSantis

    Compass Florida LLC

    (239) 245-4597

    1 in this area

    80 Total Sales

    Derek DeSantis
    Section Image
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Map

Source: Naples Area Board of REALTORS®

MLS Number: 221040761

Naples Area Board of REALTORS®

APN: 34550001169

Florida Collier County Naples 34104 Sapphire Lakes

8862 Madrid Cir, Naples, FL

Not Listed for Sale

Detached

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Naples Area Board of REALTORS® The source of this real property information is the copyrighted and proprietary database compilation of the M.L.S. of Naples, Inc. Copyright 2026 M.L.S. of Naples, Inc. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.

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