NOT LISTED FOR SALE

Estimated Value: $2,058,000 - $3,226,000

0.4 Acre
$6,913,308 Price per Acre
17,357 Sq Ft Lot

Sale Details

Date Sold: January 15, 2020

Last sale price $1,200,000 $315 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $18,498 / mo

71 Days on Market

Highlights

  • Boathouse
  • 97 Feet of Waterfront
  • Golf Course Community
  • Dr. Phillips Elementary School Rated A-
  • Covered Dock
  • Boat Lift

About This Lot

As of January 2020

Enjoy beautiful sunsets and magical Disney fireworks from this spectacular Dr. Phillips lakefront lot on The Butler Chain of Lakes. Build your dream home in a prime location just minutes to the world famous Arnold Palmer’s Bay Hill Club and Lodge, Restaurant Row, Orlando’s best shopping, area attractions, major roads, and “A” rated schools. If you have often imagined living on the water, this magnificent lakefront property with western exposure invites you to bring your vision to life on 97 feet of lake frontage with its already constructed dock and boat lift. This is a once-in-a-lifetime opportunity to create the ultimate home in this rare setting situated on the pristine waters of Lake Tibet in the gated neighborhood of Bay Point within Bay Hill. Lake Tibet is the second largest lake on the chain with 1,000+ acres of great fishing, skiing, and water activities. Picture yourself waking up to soothing lake breezes, enjoying simple relaxation along the water, before capping each day with a glorious sunset over the lake. The lake lifestyle awaits you. Don’t miss out on this extraordinary rare waterfront property.

Last Agent to Sell the Property

Simon Simaan

THE SIMON SIMAAN GROUP License #3265503 Listed on: 09/18/2019

Co-Listed By

Ailsa Navarro

License #3016307

Last Buyer's Agent

Simon Simaan

THE SIMON SIMAAN GROUP License #3265503 Listed on: 09/18/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $14,521

Lot Details

  • 17,357 Sq Ft Lot
  • Lot Dimensions are 110x180x96x167
  • 97 Feet of Waterfront
  • Property fronts a lake that is connected to a chain of lakes
  • Property fronts a private road
  • East Facing Home
  • Level Lot
  • Property is zoned R-1AA

HOA Fees

  • $150 Monthly HOA Fees

Schools

  • Dr. Phillips Elementary School
  • Southwest Middle School
  • Dr. Phillips High School

Additional Features

  • Chain Of Lake Views
  • Property is near golf course
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 28-23-28-0600-00-250

Community Details

Overview

  • Association fees include private road
  • Bob Page Association
  • Bay Point Subdivision

Recreation

  • Golf Course Community
  • Park
  • Access To Chain Of Lakes
  • Property is near a marina
  • Seawall
  • Water Skiing Allowed
  • Boat Lift
  • Boathouse
  • Covered Dock

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$14,521

Lot Details

0.4 Acres

HOA Fees

$150 per month

Listing Details

  • HOA Fee Includes: Private Road
  • Property Type: Land
  • Lot Size Acres: 0.4
  • Lot Size Sq Ft: 17357
  • Status: Sold
  • Total Acreage: 1/4 to less than 1/2
  • Ratio: Close Price\List Price: 0.92308
  • Price per Sq Ft: 69.14
  • Close to Original List Price Ratio: 0.92308
  • View: No
  • Co List Office Mls Id: 261015977
  • Co List Office Phone: 407-558-1396
  • Ownership: Fee Simple
  • Tax Year: 2018
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet

Exterior Features

  • Direction Faces: East
  • Other Structures: Other
  • Road Frontage Type: Private Road
  • Water Body Name: Lake Tibet
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water View: Lake - Chain of Lakes
  • Water Access: Lake - Chain of Lakes
  • Water Extras: Boathouse, Dock - Covered, Dock w/Electric, Lift, Seawall - Concrete, Skiing Allowed
  • Water View Y N: Yes
  • Front Footage: 110
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12095C0385F
  • Waterfront Frontage: 97
  • Water Frontage Feet Lake Chain: 97
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure

Garage/Parking

  • Open Parking: No

Utilities

  • Utilities: Cable Available, Sewer Available
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Golf, Sidewalk, Waterfront
  • Association Amenities: Gated, Park
  • Association Fee: 1800
  • Association Fee Frequency: Annually
  • Association Name: Bob Page
  • Association: Yes
  • Security: Gated Community
  • Association Email: bob@page2inc.com
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 1800
  • Monthly HOA Fee: 150
  • Total Monthly Fees: 150

Schools

  • Elementary School: Dr. Phillips Elem
  • High School: Dr. Phillips High
  • Middle Or Junior School: Southwest Middle

Lot Info

  • Zoning: R-1AA
  • Parcel Number: 28-23-28-0600-00-250
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Features: In County, Level, Near Golf Course, Near Marina, Sidewalk
  • Lot Dimensions: 110X180X96X167
  • Price Per Acre: 3000000
  • Flood Zone Code: AE
  • Flood Zone Date: 2009-09-25
  • Current Adjacent Use: Residential
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • For Lease Y N: No
  • Pet Restrictions: Per HOA Covenants

Tax Info

  • Tax Annual Amount: 14521
  • Tax Block: 00
  • Tax Book Number: 7-49
  • Tax Lot: 25

Multi Family

  • Waterfront Features: Lake - Chain of Lakes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2019
Closed on
Jan 15, 2020
Sold by
Lee Courtney
Bought by
Novack David and Novack Noa
Seller's Agent
Simon Simaan
THE SIMON SIMAAN GROUP
Buyer's Agent
Simon Simaan
THE SIMON SIMAAN GROUP
List Price
$1,300,000
Sold Price
$1,200,000
Premium/Discount to List
-$100,000
-7.69%
Current Estimated Value
$2,765,323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,565,323
Avg. Annual Appreciation
14.10%
Original Mortgage
$736,600
Outstanding Balance
$491,455
Interest Rate
4.75%
Mortgage Type
New Conventional
Estimated Equity
$2,273,868

Purchase Details

Listed on
Sep 27, 2018
Closed on
Mar 1, 2019
Sold by
Davis Phillip and Davis Allison
Bought by
Lee Courtney
Seller's Agent
Christopher Christensen
ONE LUXURY INTERNATIONAL LLC
Buyer's Agent
Simon Simaan
THE SIMON SIMAAN GROUP
List Price
$1,399,000
Sold Price
$1,175,000
Premium/Discount to List
-$224,000
-16.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.42%

Purchase Details

Closed on
Oct 17, 2016
Sold by
West Scott A and West Laurie A
Bought by
Davis Phillip and Davis Allison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2002
Sold by
Jack M Hardy M and Jack Dianna L
Bought by
West Scott A and West Laurie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.75%
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
Novack David $1,200,000 First American Title Ins Co
Lee Courtney $1,175,000 Attorney
Davis Phillip $1,275,000 First American Title Insuran
West Scott A $1,200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Novack David $736,600
Previous Owner Davis Phillip $750,000
Previous Owner West Scott A $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/15/2020 01/15/20 Sold $1,200,000 -7.7% $315 / Sq Ft
11/28/2019 11/28/19 Pending -- -- --
09/18/2019 09/18/19 For Sale $1,300,000 +10.6% $341 / Sq Ft
03/01/2019 03/01/19 Sold $1,175,000 -9.5% $309 / Sq Ft View Prior Sale
02/11/2019 02/11/19 Pending -- -- --
01/17/2019 01/17/19 Price Changed $1,299,000 -7.1% $341 / Sq Ft
09/27/2018 09/27/18 For Sale $1,399,000 -- $367 / Sq Ft
Source: Stellar MLS

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 $43,031 $2,633,100 $1,125,000 $1,508,100
2024 $18,163 $1,125,000 $1,125,000 --
2023 $18,163 $1,125,000 $1,125,000 $0
2022 $16,591 $1,025,000 $1,025,000 $0
2021 $16,086 $975,000 $975,000 $0
2020 $15,149 $950,000 $950,000 $0
2019 $14,778 $875,000 $875,000 $0
2018 $14,521 $850,000 $850,000 $0
2017 $20,146 $1,213,859 $850,000 $363,859
2016 $15,544 $1,456,537 $865,000 $591,537
2015 $15,815 $1,403,343 $815,000 $588,343
2014 $15,969 $1,215,471 $715,000 $500,471
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O5812372

Stellar MLS

APN: 28-2328-0600-00-250

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