NOT LISTED FOR SALE

Estimated Value: $3,469,000 - $3,999,000

5 Beds
5.5 Baths
3,785 Sq Ft
$1,022/mo HOA Fee

Last Sold June 06, 2024

Last sale price $4,525,000 $1,196 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $23,061/month

232 Days on Market

Highlights

  • Concrete Pool
  • Gated Community
  • Outdoor Fireplace
  • Pelican Marsh Elementary School Rated A
  • Vaulted Ceiling
  • Wood Flooring

About This Home

As of June 2024

Enjoy luxury living in one of the largest & finest villas offered turnkey at Residences at Mercato. Situated on a rare lot and a half and measuring almost 4,000sf, this stunning property is sure to please the most discerning buyer. Built as the developer’s own residence with unrivaled customization, the villa has been reimagined by an AD 100 Designer & outfitted with the chicest furniture. The sprawling main level of the home features a double-height living room highlighted by an accent wall with fireplace, dining area, and a chef’s kitchen with Wolf appliances, wine storage and covered in lavish Taj Mahal counters. The grand primary suite is also on the main level and includes a spa bathroom with soaking tub and custom closet space. Upstairs, there are three bedrooms each with en-suite baths as well as a large library. The outdoor living area includes a summer kitchen, covered lanai, fireplace, and an oversized pool and spa flanked by a stunning water-wall. Adjacent to the outdoor space is the casita ideal for guests with its morning kitchen and full bath. Residences at Mercato is a private gated community just steps away from the best attractions Naples has to offer.

Last Agent to Sell the Property

Jennifer Lenz

Dolly Lenz Real Estate LLC Listed on: 09/26/2023

Co-Listed By

Adam Vanderbrook

Dolly Lenz Real Estate LLC

Last Buyer's Agent

Heather Hobrock

Premier Sotheby's Int'l Realty

Premier Sotheby's Int'l Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $27,652

Year Built

  • Built in 2016

Lot Details

  • Lot Dimensions: 88
  • West Facing Home
  • Gated Home
  • Sprinkler System

HOA Fees

  • $1,022 Monthly HOA Fees

Parking

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

Home Design

  • Villa
  • Entry on the 1st floor
  • Concrete Block With Brick
  • Stone Exterior Construction
  • Tile

Interior Spaces

  • 3,785 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Furnished or left unfurnished upon request
  • Tray Ceiling
  • Vaulted Ceiling
  • Sliding Windows
  • Family or Dining Combination
  • Den
  • Loft
  • Pool Views
  • Monitored

Kitchen

  • Self-Cleaning Oven
  • Gas Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Dual Sinks
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry Room
  • Dryer

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Saltwater Pool

Outdoor Features

  • Outdoor Fireplace
  • Outdoor Gas Grill

Additional Homes

  • One Bathroom Guest House
  • Guest house includes a cabana

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Tankless Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 69288000928

Community Details

Overview

  • 2 Units
  • Mercato Condos
  • Mercato Community
  • Mandatory home owners association

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Card or Code Access
  • Gated Community
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$27,652

Year Built

Built in 2016

Lot Details

0

HOA Fees

$1,022 per month

Parking

2

Listing Details

  • Legal Description: RESIDENCES AT MERCATO LOT 42
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.254085$-81.797589$0.00$13.33$1.00$-yH2kNrvAR9bgautWcUGmw
  • Building Design: Villa Attached
  • Building Description: 2 Story
  • Storm Protection: Impact Resistant Doors, Impact Resistant Windows
  • Year Built: 2016
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Furnished Description: Furnished
  • Num Unit Floor: 1
  • Price Per Sq Ft: 1195.51
  • Total Floors: 2
  • Additional Rooms: Den/Study, Laundry in Residence, Loft
  • Estimated Living Area: 3785
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6.00
  • Bedroom Description: First Floor Bedroom, Master BR Ground
  • Bedrooms: 5 Bed
  • Total Bedrooms: 5
  • Dining Room: Family Dining
  • Equipment: Auto Garage Door, Cooktop - Gas, Dishwasher, Disposal, Dryer, Gas Grill, Stand-Alone Ice Maker, Microwave, Refrigerator/Icemaker, Security System, Self Cleaning Oven, Smoke Detector, Tankless Water Heater, Wine Cooler
  • Flooring: Carpet, Wood
  • Floor Plan: 2 Story
  • Interior Amenities: Built-In Cabinets, Cable Prewire, Tray Ceiling, Volume Ceiling
  • Kitchen: Gas Available, Island, Pantry
  • Primary Bathroom: Dual Sinks, Separate Tub And Shower
  • Windows: Impact Resistant, Sliding

Exterior Features

  • Gulf Access: No
  • Private Pool: Yes
  • Private Spa: Yes
  • Roof: Tile
  • Construction: Concrete Block
  • Irrigation: Central
  • View: Pool/Club
  • Exterior Features: Built In Grill, Fence, Outdoor Fireplace, Sprinkler Auto
  • Exterior Finish: Stone
  • Guest House: 1 Bath, Cabana
  • Private Pool Type: Below Ground, Concrete, Heated Gas, Salt Water System
  • Private Spa Type: Below Ground, Concrete, Heated Gas

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 2
  • Parking: Guest

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric
  • Heat: Central Electric
  • Security: Monitored Alarm, Entry Keypad, Gated
  • Sewer: Central
  • Water: Central
  • Gas Description: Natural

Condo/Co-op/Association

  • Approval: Application Fee
  • Management: Professional
  • Mandatory HOA: Yes
  • Restrictions: Limited Number Vehicles
  • Sub Condo Name: MERCATO
  • HOA Fees: 3067
  • HOA Fee Frequency: Quarterly
  • Maintenance: Cable, Internet/WiFi Access, Irrigation Water, Lawn/Land Maintenance, Manager, Pest Control Exterior, Sewer, Street Lights, Water
  • Development Name: MERCATO

Association/Amenities

  • Pets: With Approval
  • Development: Mercato
  • Amenities: Internet Access, Sidewalk, Streetlight, Underground Utility
  • Community Type: Gated
  • Units In Building: 2
  • Total Number of Units: 45

Fee Information

  • Application Fee: 100.00

Lot Info

  • Builder Product: No
  • Section: 34
  • Total Area: 4672
  • Waterfront: No
  • Acres: 0.1640
  • Rear Exposure: West
  • Lot Description: Cul-De-Sac, Irregular Shape
  • Lot Dimensions: 88 X 88 X 76 X 76
  • Parcel Number: 69288000928

Rental Info

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

Tax Info

  • Tax Description: County Only, Homestead
  • Taxes: 27652.00
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2023
Closed on
Jun 6, 2024
Sold by
Lenz Aaron and Dolly Lenz 2020 Trust
Bought by
Russo Naples Casamore Qualified Personal Resi and Russo
Seller's Agent
Jennifer Lenz
Dolly Lenz Real Estate LLC
Buyer's Agent
Heather Hobrock
Premier Sotheby's Int'l Realty
List Price
$4,950,000
Sold Price
$4,525,000
Premium/Discount to List
-$425,000
-8.59%
Views
41
Current Estimated Value
$3,757,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$767,486
Avg. Annual Appreciation
-11.37%

Purchase Details

Listed on
Feb 19, 2022
Closed on
May 16, 2022
Sold by
Lutgert Erik J and Lutgert Nicola J
Bought by
Dolly Lenz 2020 Trust
Seller's Agent
Susan Gardner
Premier Sotheby's Int'l Realty
Buyer's Agent
Susan Gardner
Premier Sotheby's Int'l Realty
List Price
$3,595,000
Sold Price
$3,600,000
Premium/Discount to List
$5,000
0.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.74%

Purchase Details

Closed on
Sep 16, 2016
Sold by
Mercato Residences Llc
Bought by
Lutgert Eric and Lutgert Nicola J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
3.43%
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
Russo Naples Casamore Qualified Personal Resi $4,525,000 None Listed On Document
Dolly Lenz 2020 Trust $3,600,000 Bond Schoeneck & King Pllc
Lutgert Eric $1,435,000 Lutgert Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lutgert Eric $850,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/06/2024 06/06/24 Sold $4,525,000 0.0% $1,196 / Sq Ft
05/13/2024 05/13/24 Off Market $4,525,000 -- --
05/03/2024 05/03/24 For Sale $4,950,000 -5.7% $1,308 / Sq Ft
03/14/2024 03/14/24 For Sale $5,250,000 +16.0% $1,387 / Sq Ft
02/21/2024 02/21/24 Off Market $4,525,000 -- --
01/29/2024 01/29/24 For Sale $5,250,000 +16.0% $1,387 / Sq Ft
01/24/2024 01/24/24 Off Market $4,525,000 -- --
01/12/2024 01/12/24 For Sale $5,250,000 +16.0% $1,387 / Sq Ft
11/10/2023 11/10/23 Off Market $4,525,000 -- --
09/26/2023 09/26/23 For Sale $5,500,000 +52.8% $1,453 / Sq Ft
05/16/2022 05/16/22 Sold $3,600,000 +0.1% $951 / Sq Ft View Prior Sale
02/25/2022 02/25/22 Pending -- -- --
02/19/2022 02/19/22 For Sale $3,595,000 -- $950 / 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 $27,529 $3,230,730 $1,757,887 $1,472,843
2024 $27,652 $2,849,845 $1,267,832 $1,582,013
2023 $27,652 $2,792,879 $954,282 $1,838,597
2022 $19,935 $1,922,553 $0 $0
2021 $20,182 $1,866,556 $0 $0
2020 $19,703 $1,840,785 $412,016 $1,428,769
2019 $19,179 $1,701,101 $0 $0
2018 $18,827 $1,546,455 $0 $0
2017 $15,616 $1,405,868 $443,229 $962,639
2016 $4,298 $375,000 $0 $0
2015 $1,185 $106,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 223070229

Naples Area Board of REALTORS®

APN: 69288000928