NOT LISTED FOR SALE

Estimated Value: $2,690,000 - $3,382,000

4 Beds
3.5 Baths
3,025 Sq Ft
$968/Sq Ft Est. Value

Last Sold March 29, 2023

Last sale price $3,225,000 $1,066 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $18,304/month

53 Days on Market

Highlights

  • Water Views
  • Community Cabanas
  • Wood Flooring
  • Pelican Marsh Elementary School Rated A
  • Gated Community
  • Main Floor Primary Bedroom

About This Home

As of March 2023

Bathed in natural light throughout the day, this truly custom residence is more than just a home. It’s an elegant, enviable lifestyle. The soaring great room has a gas fireplace and features a wall of glass overlooking the shimmering custom pool and waterfall. The adjacent kitchen is perfection, with custom cabinetry, an immense island with waterfall ends adorned with hand blown glass pendants and state of the art appliances. A wall of pocketing sliders opens onto the outdoor family room with fireplace, large television, retractable screens, wet bar and grill all anchored by a cabana that can serve a multitude of uses: office, media room or as guest space. The first floor master suite is sumptuous with massive custom walk-in closet and an unrivaled, marble-lined bath with floating tub, custom Italian cabinetry and counters. The second floor has two over size guest suites each with richly detailed baths. There are two separate and extra deep garages with storage. This home sits on an extra wide lushly landscaped lot which provides a generous and very private pool deck for entertaining. The shops and myriad of restaurants of the Mercato and Whole Foods are just a short stroll away. This jewel of a home delivers an enviable lifestyle with the convenience of a condominium and all the benefits of a sophisticated single family home.

Last Agent to Sell the Property

Mark Riley

LUX International Properties Listed on: 01/27/2023

Co-Listed By

Jim Craft

William Raveis Real Estate

Last Buyer's Agent

Sarah Christoph

Premier Properties South FL

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,110

Year Built

  • Built in 2016

Lot Details

  • 6,098 Sq Ft Lot
  • Northwest Facing Home
  • Gated Home
  • Privacy Fence
  • Landscaped
  • Paved or Partially Paved Lot
  • Sprinkler System

HOA Fees

  • $945 Monthly HOA Fees

Parking

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

Home Design

  • Entry on the 1st floor
  • Concrete Block With Brick
  • Wood Frame Construction
  • Stucco
  • Tile

Interior Spaces

  • 3,025 Sq Ft Home
  • 2-Story Property
  • Custom Mirrors
  • Furnished
  • Furnished or left unfurnished upon request
  • Bar
  • Tray Ceiling
  • Fireplace
  • Single Hung Windows
  • Sliding Windows
  • Casement Windows
  • Entrance Foyer
  • Great Room
  • Combination Dining and Living Room
  • Den
  • Water Views

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Dual Sinks
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Pool

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

Outdoor Features

  • Outdoor Kitchen
  • Outdoor Gas Grill

Schools

  • Pine Ridge Middle School
  • Barron Collier High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 69288000944

Community Details

Overview

  • $750 Secondary HOA Transfer Fee
  • Mercato Community
  • Mandatory home owners association

Amenities

  • Shops
  • Restaurant

Recreation

  • Community Cabanas

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,110

Year Built

Built in 2016

Lot Details

0

HOA Fees

$945 per month

Parking

2

Listing Details

  • Legal Description: RESIDENCES AT MERCATO LOT 43
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.25414$-81.79853000000003$180.00$13.33$1.00$5TBYMJ3J_KFV7D8EWWS9oQ
  • Building Design: Single Family
  • Building Description: 2 Story
  • Storm Protection: Impact Resistant Doors, Impact Resistant Windows
  • Year Built: 2016
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Furnished Description: Furnished
  • Num Unit Floor: 1
  • Price Per Sq Ft: 1066.12
  • Total Floors: 2
  • Additional Rooms: Den/Study, Guest Bath, Laundry in Residence
  • Estimated Living Area: 3025
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Bedroom Description: Master BR Ground
  • Bedrooms: 4 Bed
  • Total Bedrooms: 4
  • Dining Room: Breakfast Bar, Living Dining
  • Equipment: Auto Garage Door, Cooktop - Gas, Dishwasher, Disposal, Dryer, Gas Grill, Microwave, Refrigerator/Icemaker, Security System, Self Cleaning Oven, Smoke Detector, Washer
  • Flooring: Carpet, Tile, Wood
  • Floor Plan: Great Room, 2 Story
  • Interior Amenities: Bar, Built-In Cabinets, Custom Mirrors, Fireplace, Foyer, Smoke Detectors, Tray Ceiling, Walk-In Closet, Window Coverings
  • Kitchen: Island, Pantry
  • Primary Bathroom: Dual Sinks, Separate Tub And Shower
  • Windows: Casement, Single Hung, Sliding

Exterior Features

  • Gulf Access: No
  • Private Pool: Yes
  • Private Spa: Yes
  • Roof: Tile
  • Construction: Concrete Block, Wood Frame
  • Irrigation: Central
  • Road: Paved Road
  • View: Landscaped Area, Privacy Wall, Water Feature
  • Exterior Features: Built In Grill, Outdoor Kitchen, Privacy Wall, Sprinkler Auto
  • Exterior Finish: Stucco
  • Private Pool Type: Below Ground, Concrete, Heated Gas
  • Private Spa Type: Below Ground, Concrete, Heated Gas

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 2
  • Parking: Driveway Paved

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric, Zoned
  • Heat: Central Electric, Zoned
  • Security: Gated
  • Sewer: Central
  • Water: Central
  • Gas Description: Natural

Condo/Co-op/Association

  • Approval: Application Fee, Buyer
  • Management: Professional
  • Mandatory HOA: Yes
  • Restrictions: Deeded, No RV
  • Sub Condo Name: MERCATO
  • HOA Fees: 2835.24
  • HOA Fee Frequency: Quarterly
  • Maintenance: Cable, Insurance, Irrigation Water, Lawn/Land Maintenance, Legal/Accounting, Manager, Pest Control Exterior, Reserve, Security, Street Lights, Street Maintenance, Water
  • Development Name: MERCATO

Association/Amenities

  • Pets: Limits
  • Pets Limit Max Number: 2
  • Development: Mercato
  • Amenities: Cabana, Restaurant, Shopping, Sidewalk, Streetlight, Underground Utility
  • Community Type: Gated
  • Units In Building: 1
  • Total Number of Units: 45

Fee Information

  • Transfer Fees: 750.00
  • Application Fee: 100.00

Schools

  • High School: Barron Collier High School
  • Middle School: Pine Ridge Middle School

Lot Info

  • Builder Product: No
  • Section: 34
  • Total Area: 4707
  • Waterfront: No
  • Acres: 0.1400
  • Rear Exposure: Northwest
  • Lot Description: Corner, Oversize
  • Parcel Number: 69288000944

Rental Info

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

Tax Info

  • Tax Description: County Only
  • Taxes: 22110.42
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2023
Closed on
Mar 29, 2023
Sold by
Malcho Kenneth W
Bought by
Kassem K Matt 2022 Irrevocable Trust
Seller's Agent
Mark Riley
LUX International Properties
Buyer's Agent
Sarah Christoph
Premier Properties South FL
List Price
$3,895,000
Sold Price
$3,225,000
Premium/Discount to List
-$670,000
-17.2%
Views
38
Current Estimated Value
$2,927,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$297,910
Avg. Annual Appreciation
-3.54%

Purchase Details

Listed on
Nov 25, 2019
Closed on
May 21, 2020
Sold by
Bondy Kim M and Bondy Kim M
Bought by
Malcho Kenneth W
Seller's Agent
Mark Riley
LUX International Properties
Buyer's Agent
Mark Riley
LUX International Properties
List Price
$2,425,000
Sold Price
$2,150,000
Premium/Discount to List
-$275,000
-11.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.29%
Original Mortgage
$1,935,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2016
Sold by
Mercato Residences Llc
Bought by
Bondy Kim M and Kim M Bondy Trust

Purchase Details

Closed on
Jun 1, 2016
Bought by
Kim M Bondy Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kassem K Matt 2022 Irrevocable Trust $3,225,000 None Listed On Document
Malcho Kenneth W $2,150,000 Attorney
Bondy Kim M $1,645,681 Lutgert Title Llc
Kim M Bondy Trust $1,645,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Malcho Kenneth W $1,935,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/29/2023 03/29/23 Sold $3,225,000 -11.6% $1,066 / Sq Ft
03/21/2023 03/21/23 Pending -- -- --
03/16/2023 03/16/23 Price Changed $3,650,000 -3.8% $1,207 / Sq Ft
03/07/2023 03/07/23 Price Changed $3,795,000 -2.6% $1,255 / Sq Ft
01/27/2023 01/27/23 For Sale $3,895,000 +81.2% $1,288 / Sq Ft
05/21/2020 05/21/20 Sold $2,150,000 -5.5% $711 / Sq Ft View Prior Sale
03/24/2020 03/24/20 Pending -- -- --
03/17/2020 03/17/20 Price Changed $2,275,000 -6.2% $752 / Sq Ft
11/25/2019 11/25/19 For Sale $2,425,000 -- $802 / 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 $23,734 $2,698,662 -- --
2024 $21,396 $2,453,329 $1,115,285 $1,338,044
2023 $21,396 $2,194,359 $0 $0
2022 $22,110 $2,130,446 $480,249 $1,650,197
2021 $18,863 $1,706,946 $451,501 $1,255,445
2020 $17,360 $1,585,678 $377,203 $1,208,475
2019 $15,556 $1,446,803 $0 $0
2018 $15,231 $1,419,826 $0 $0
2017 $15,029 $1,390,623 $0 $0
2016 $4,298 $375,000 $0 $0
2015 $1,185 $106,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Naples Area Board of REALTORS®

MLS Number: 223005455

Naples Area Board of REALTORS®

APN: 69288000944