NOT LISTED FOR SALE

986 SW Magnolia Bluff Dr Palm City, FL 34990

Estimated Value: $1,621,000 - $1,938,030

4 Beds
4 Baths
4,580 Sq Ft
$377/Sq Ft Est. Value

Last Sold October 19, 2020

Last sale price $1,150,000 $251 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $10,852/month

19 Days on Market

Highlights

  • Boat Ramp
  • Property has ocean access
  • Waterfront
  • Bessey Creek Elementary School Rated A-
  • Concrete Pool
  • 23,565 Sq Ft lot

About This Home

As of October 2020

Amazing deep water, no fixed bridge, ocean access, highly desirable Palm City property!This 4/4 home is located on a quiet street and an island preserve is located across the waterway.Whether you are in the pool or grilling, you have complete privacy.A 24,000 pound boat lift on a newer dock accommodates your boat for short rides to dinner downtown, playing at the sandbar or running to the Bahamas. Hurricane season?No problem. This solidly built CBS constructed home has impact windows, hurricane garage doors and a 12000 Watt Propane Generator with a 500 gallon tank which provides 2 weeks of power. Plus it sits 17 feet above sea level!This home is like having your own private tropical resort.Do not delay on this.It is simply not going to last!

Last Agent to Sell the Property

Oksana Fano

Atlantic Shores ERA Powered License #3400699 Listed on: 08/30/2020

Atlantic Shores ERA Powered

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,517

Year Built

  • Built in 1988

Lot Details

  • 0.54 Acre Lot
  • Waterfront
  • Sprinkler System

HOA Fees

  • $15 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Driveway

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape

Interior Spaces

  • 4,580 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Bar
  • Vaulted Ceiling
  • Skylights
  • Fireplace
  • Entrance Foyer
  • Family Room
  • Den
  • Canal Views
  • Electric Range
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms
  • Dual Sinks

Home Security

  • Home Security System
  • Motion Detectors
  • Fire and Smoke Detector

Pool

  • Concrete Pool
  • Saltwater Pool

Outdoor Features

  • Property has ocean access
  • No Fixed Bridges
  • Canal Access
  • Seawall
  • Deck
  • Patio

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 013840009000002003

Community Details

Overview

  • Magnolia Bluff Subdivision

Recreation

  • Boat Ramp
  • Boating

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,517

Year Built

Built in 1988

Lot Details

0

HOA Fees

$15 per month

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Turn left onto SW High Meadows Ave, Take 1st exit from roundabout onto SW Murphy Rd. Turn left onto SW Pine Tree Ln. Turn sharp left onto SW Magnolia Bluff Dr.Your destination on SW Magnolia Bluff Dr
  • Year Built: 1988
  • Architectural Style: Mediterranean
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Dual Sinks, Entrance Foyer, Fireplace, Pantry, Skylights, Vaulted Ceiling(s), Bar, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Electric Range
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Flooring: Carpet, Laminate, Tile, Wood
  • Living Area: 4580.0
  • Dining Room Type: Den, Family Room, Laundry
  • Stories: 2
  • Window Features: Skylight(s)

Exterior Features

  • Exterior Features: Deck, Patio
  • View: Canal
  • Lot Features: Sprinklers Automatic
  • Pool Features: Concrete, Pool, Salt Water
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Canal Access, No Fixed Bridges, Ocean Access, Seawall
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Deck, Patio
  • Property Condition: Resale
  • Roof: Barrel

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Two or More Spaces

Utilities

  • Security: Security System, Motion Detectors, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 15.0
  • Community Features: Boat Facilities, Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 013840009000002003
  • Lot Size Sq Ft: 23565.0
  • Zoning Description: RES
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 9517.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2020
Closed on
Oct 19, 2020
Sold by
Robinson Brian E and Robinson Brenda L
Bought by
Odonnell Joseph Patrick and Odonnell Melissa Sweeney
Seller's Agent
Oksana Fano
Atlantic Shores ERA Powered
List Price
$1,200,000
Sold Price
$1,150,000
Premium/Discount to List
-$50,000
-4.17%
Current Estimated Value
$1,728,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$578,258
Avg. Annual Appreciation
8.45%
Original Mortgage
$920,000
Outstanding Balance
$816,799
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$911,459

Purchase Details

Listed on
Nov 17, 2014
Closed on
Jan 2, 2015
Sold by
Fifth Third Bank
Bought by
Robinson Brian E and Robinson Brenda L
Seller's Agent
Marlene Katz
RE/MAX of Stuart
Buyer's Agent
Mark Mullaney
RE/MAX Masterpiece Realty
List Price
$499,900
Sold Price
$493,000
Premium/Discount to List
-$6,900
-1.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.78%
Original Mortgage
$468,350
Interest Rate
9.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 17, 2014
Closed on
Nov 10, 2014
Sold by
Mister Lonnie
Bought by
Fifth Third Bank
Seller's Agent
Marlene Katz
RE/MAX of Stuart
Buyer's Agent
Mark Mullaney
RE/MAX Masterpiece Realty
List Price
$499,900
Sold Price
$493,000
Premium/Discount to List
-$6,900
-1.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,350
Interest Rate
9.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 13, 2005
Sold by
Reynolds Richard
Bought by
Mister Lonnie and Mister Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Odonnell Joseph Patrick $1,150,000 New Title Company Name
Robinson Brian E $493,000 Servicelink Llc
Fifth Third Bank $500,000 Attorney
Mister Lonnie $1,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Odonnell Joseph Patrick $920,000
Previous Owner Robinson Brian E $468,350
Previous Owner Mister Lonnie $800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/19/2020 10/19/20 Sold $1,150,000 -4.2% $251 / Sq Ft
09/19/2020 09/19/20 Pending -- -- --
08/30/2020 08/30/20 For Sale $1,200,000 +143.4% $262 / Sq Ft
01/09/2015 01/09/15 Sold $493,000 -1.4% $108 / Sq Ft View Prior Sale
12/10/2014 12/10/14 Pending -- -- --
11/17/2014 11/17/14 For Sale $499,900 -- $109 / Sq Ft
Source: BeachesMLS

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 $21,486 $1,359,967 -- --
2024 $21,160 $1,321,640 -- --
2023 $21,160 $1,283,146 $0 $0
2022 $20,455 $1,245,773 $0 $0
2021 $15,492 $872,600 $368,500 $504,100
2020 $9,626 $574,225 $0 $0
2019 $9,517 $561,314 $0 $0
2018 $9,281 $550,848 $0 $0
2017 $8,430 $539,517 $0 $0
2016 $8,609 $528,420 $0 $0
2015 -- $637,970 $287,500 $350,470
2014 -- $538,074 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • O

    Seller's Agent in 2020

    Oksana Fano

    Atlantic Shores ERA Powered

    (954) 695-4706

    4 in this area

    7 Total Sales

    Oksana Fano
    Section Image
  • Marlene Katz

    Seller's Agent in 2015

    Marlene Katz

    RE/MAX

    (772) 631-7775

    4 in this area

    55 Total Sales

    Marlene Katz
    Section Image
  • Mark Mullaney

    Buyer's Agent in 2015

    Mark Mullaney

    RE/MAX Masterpiece Realty

    (772) 267-8909

    1 in this area

    35 Total Sales

    Mark Mullaney
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10650948

BeachesMLS

APN: 01-38-40-009-000-00200-3

Florida Martin County Palm City 34990

986 SW Magnolia Bluff Dr, Palm City, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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