NOT LISTED FOR SALE

8996 Madrid Cir Naples, FL 34104

Sapphire Lakes Neighborhood

Estimated Value: $495,060 - $529,000

3 Beds
2.5 Baths
1,958 Sq Ft
$261/Sq Ft Est. Value

Last Sold July 19, 2024

Last sale price $545,000 $278 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $3,402/month

1 Day on Market

Highlights

  • Lake Front
  • Lanai
  • Den
  • Gated Community
  • Community Pool
  • 2 Car Attached Garage

About This Home

As of July 2024

Looking for single family homes stressing you out? $10,000 a year insurance sound a little ridiculous? Well you found your perfect home. Light and bright 2021 Built concrete home with impact windows and doors/concrete tile roof, low insurance of only $2000+/- a year with NO chance of flooding and seller does not need flood insurance and has a mortgage! Best location in the community with NO road noise. Less than $135 a month HOA fees which include the gate, pool and irrigation water. 3 huge bedrooms and a PLAYROOM/Office/Den/Loft. 3 bathrooms! Great Lakeview- people love this community, that is why there are so few for sale. Great Italian feel in the neighborhood. This home not only has the location but the lot is a bit bigger. 2 car garage! Very unique floor plan, could easily be a 4 bedroom. So easy to get anywhere in Naples including the beach. Restaurants, grocery, everything is so close. Easy access to 75, 951, Marco Island, etc. Move in town in this fantastic gated community. Lawn only costs $100 a month to maintain. You've been looking and you found it! Vacant and ready for your memories. Run, don't walk to see this almost 2000 sf home on Madrid Circle in Naples Florida!

Last Agent to Sell the Property

Amy Ashby

VIP Realty Group, Inc. Listed on: 06/17/2024

VIP Realty Group, Inc.

Co-Listed By

Scott Pegurri

VIP Realty Group, Inc.

Last Buyer's Agent

Emily Wong

Sunbird

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,847

Year Built

  • Built in 2021

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions: 42
  • Lake Front
  • West Facing Home
  • Gated Home
  • Paved or Partially Paved Lot

HOA Fees

  • $135 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener

Home Design

  • Entry on the 2nd floor
  • Concrete Block With Brick
  • Stucco
  • Tile

Interior Spaces

  • 1,958 Sq Ft Home
  • 2-Story Property
  • 2 Ceiling Fans
  • Sliding Windows
  • Family or Dining Combination
  • Den
  • Carpet
  • Lake Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • Split Bedroom Floorplan
  • Dual Sinks
  • Shower Only

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • High Impact Door

Outdoor Features

  • Patio
  • Lanai

Schools

  • Mike Davis Elementary School
  • East Naples Middle School
  • Golden Gate High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 34550002281

Community Details

Overview

  • $2,000 Secondary HOA Transfer Fee
  • Fronterra Community
  • Mandatory home owners association

Recreation

  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,847

Year Built

Built in 2021

Lot Details

0

HOA Fees

$135 per month

Parking

2

Listing Details

  • Legal Description: FRONTERRA PHASE 2 LOT 84
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.155762704055014$-81.69122713561046$3.28$13.33$1.00$XThvNu755U6hpI4oQOXluQ
  • Building Design: Single Family
  • Building Description: 2 Story
  • Storm Protection: Impact Resistant Doors, Impact Resistant Windows
  • Year Built: 2021
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Furnished Description: Unfurnished
  • Numberof Ceiling Fans: 2
  • Num Unit Floor: 2
  • Price Per Sq Ft: 278.35
  • Total Floors: 2
  • Additional Rooms: Den/Study, Family Room, Guest Bath, Laundry in Residence, Open Porch/Lanai
  • Estimated Living Area: 1958
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Bedroom Description: Master BR Upstairs, Split Bedrooms
  • Bedrooms: 3+Den
  • Total Bedrooms: 3
  • Dining Room: Family Dining
  • Equipment: Auto Garage Door, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Refrigerator/Freezer, Washer
  • Flooring: Carpet
  • Floor Plan: 2 Story
  • Interior Amenities: Cable Prewire
  • Kitchen: Pantry
  • Primary Bathroom: Dual Sinks, Shower Only
  • Windows: Impact Resistant, Sliding

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Tile
  • Construction: Concrete Block
  • Irrigation: Lake/Canal
  • Road: Paved Road, Private Road
  • View: Lake
  • Exterior Features: Patio
  • Exterior Finish: Stucco
  • Waterfront Type: Lake

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 2
  • Parking: 2+ Spaces, Paved Parking

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric
  • Heat: Central Electric
  • Security: Gated
  • Sewer: Central
  • Water: Assessment Paid, Central

Condo/Co-op/Association

  • Approval: Application Fee, Buyer
  • Management: Professional
  • Mandatory HOA: Yes
  • Restrictions: No RV
  • Sub Condo Name: FRONTERRA
  • Maintenance: Irrigation Water, Reserve, Security, Street Lights
  • Master Hoa Fee: 135
  • Master HOA Fee Frequency: Monthly
  • Development Name: FRONTERRA

Association/Amenities

  • Pets: With Approval
  • Development: Fronterra
  • Amenities: Community Pool, Sidewalk, Streetlight, Underground Utility
  • Community Type: Gated
  • Units In Building: 1
  • Total Number of Units: 1

Fee Information

  • Transfer Fees: 2000.00
  • Application Fee: 225.00

Schools

  • Elementary School: Mike Davis Elementary
  • High School: Golden Gate High School
  • Middle School: East Naples Middle

Lot Info

  • Builder Product: No
  • Section: 34
  • Total Area: 2378
  • Waterfront: Yes
  • Acres: 0.0900
  • Rear Exposure: West
  • Lot Description: Regular
  • Lot Dimensions: 42 X 92
  • Parcel Number: 34550002281

Rental Info

  • Lease Limits: Yes
  • Leases Per Year: 2
  • Min Days Of Lease: 30

Tax Info

  • Tax Description: County Only, Homestead
  • Tax District Type: Community Development District
  • Taxes: 5846.80
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2024
Closed on
Jul 17, 2024
Sold by
Sun Daniel Hsing Nan
Bought by
Wang Liyan
Seller's Agent
Amy Ashby
VIP Realty Group, Inc.
Buyer's Agent
Emily Wong
Sunbird
List Price
$549,900
Sold Price
$545,000
Premium/Discount to List
-$4,900
-0.89%
Views
1
Current Estimated Value
$511,515

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$33,485
Avg. Annual Appreciation
-4.09%
Original Mortgage
$327,000
Outstanding Balance
$323,094
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$188,421

Purchase Details

Closed on
Apr 29, 2021
Sold by
Ccc Fronterra Llc
Bought by
Sun Daniel Hsing Nan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,698
Interest Rate
3.1%
Mortgage Type
New Conventional
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
Wang Liyan $545,000 Palm Title Associates
Wang Liyan $545,000 Palm Title Associates
Sun Daniel Hsing Nan $357,122 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Liyan $327,000
Closed Wang Liyan $327,000
Previous Owner Sun Daniel Hsing Nan $285,698
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2024 07/19/24 Sold $545,000 -0.9% $278 / Sq Ft
06/18/2024 06/18/24 Pending -- -- --
06/17/2024 06/17/24 For Sale $549,900 -- $281 / 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 $6,624 $407,984 $146,832 $261,152
2024 $5,847 $429,850 $112,510 $317,340
2023 $5,847 $407,454 -- --
2022 $5,934 $395,586 $54,772 $340,814
2021 $2,414 $38,640 $38,640 $0
2020 $2,228 $36,036 $0 $0
2019 $2,133 $32,760 $32,760 $0
Source: Public Records

Agents Affiliated with this Home

  • Amy Ashby

    Seller's Agent in 2024

    Amy Ashby

    VIP Realty Group, Inc.

    (239) 734-7734

    2 in this area

    110 Total Sales

    Amy Ashby
    Section Image
  • Scott Pegurri

    Seller Co-Listing Agent in 2024

    Scott Pegurri

    VIP Realty Group, Inc.

    (508) 758-7999

    2 in this area

    96 Total Sales

    Scott Pegurri
    Section Image
  • Emily Wong

    Buyer's Agent in 2024

    Emily Wong

    Sunbird

    (239) 316-9396

    1 in this area

    191 Total Sales

    Emily Wong
    Section Image
See All Agents

Map

Source: Naples Area Board of REALTORS®

MLS Number: 224051912

Naples Area Board of REALTORS®

APN: 34550002281

Florida Collier County Naples 34104 Sapphire Lakes

8996 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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