NOT LISTED FOR SALE

987 Iris Ct Marco Island, FL 34145

Estimated Value: $3,889,000 - $10,264,170

0.56 Acre
$11,753,673 Price per Acre
24,394 Sq Ft Lot

Sale Details

Date Sold: March 18, 2020

Last sale price $1,750,000 $323 Per Sq Ft

Est. 276% increase in value since last sale

Current estimated payment $40,309 / mo

761 Days on Market

Highlights

  • 237 Feet of Waterfront
  • Water access To Gulf or Ocean
  • No HOA
  • Tommie Barfield Elementary School Rated A
  • River View
  • Cul-De-Sac

About This Lot

As of March 2020

"One of a kind spectacular tip lot (.55 acres) with 237 feet of seawall, and 180 degree panoramic views of the Marco River, the Judge Jolly Bridge and the preserves. This huge, bay front,cul-de-sac lot provides the opportunity to build a spacious new estate home with lots of green space and big water natural views from every room. The oversized water frontage offers numerous docking options for a yacht or multiple watercraft without obstructing the views. Watch the dolphins and manatees play from your back yard and enjoy direct and quick boating access to the Gulf of Mexico. Lot measures 23,915 sq. ft. according to survey. Seller is related to listing agent

Last Agent to Sell the Property

Becky Bell Gust

Premiere Plus Realty Company License #3105718 Listed on: 01/03/2018

Premiere Plus Realty Company

Last Buyer's Agent

Michelle Thomas

Premier Sotheby's International Realty License #688527

Premier Sotheby's International Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $19,685

Property Views

  • River Views

Lot Details

  • Lot Dimensions are 50x153x237x187
  • 237 Feet of Waterfront
  • Home fronts a seawall
  • River Front
  • Cul-De-Sac
  • Key Lot That May Back To Multiple Homes

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 10 / 124
  • Assessor Parcel Number 56939960003

Community Details

Overview

  • No Home Owners Association
  • Marco Island Community
  • Marco Beach Unit 4 Subdivision

Recreation

  • Water access To Gulf or Ocean
  • Property fronts gulf or ocean with access to the bay

Property Details

Property Type

Land

Est. Annual Taxes

$19,685

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Lot
  • Lot Size: 50x153x237x187
  • Road Surface Type: Paved
  • Subdivision Name: Marco Beach Unit 4
  • Listing Information:Community: Marco Island
  • Listing Information:Subarea Type: Water Direct
  • Location Tax and Legal:Parcel Number: 56939960003
  • Location Tax and Legal:Tax Annual Amount: 19685.0
  • Location Tax and Legal:Tax Year: 2019
  • General Property Information:HOA YN: No
  • Location Tax and Legal:Tax Block: 124
  • Location Tax and Legal:Tax Lot: 10
  • General Property Information:Lot Size Dimensions: 50x153x237x187
  • General Information Details:Water Front Footage: 237
  • General Property Information:Land Lease YN2: No
  • Road Surface:Paved: Yes
  • Utilities:Cable Available3: Yes
  • Utilities:Electricity Available: Yes
  • Utilities:Phone Line: Yes
  • View:Wide Water2: Yes
  • View:River2: Yes
  • Special Features: None

Interior Features

  • Possible Use: Build To Suit

Exterior Features

  • Lot Features: Cul-De-Sac, Key Lot
  • View: River, Wide Water
  • Waterfront Features: River Front, Seawall, Access Gulf
  • Waterfront: Yes
  • Lot Features:Cul-De-Sac: Yes
  • Waterfront Features:Seawall: Yes
  • Waterfront Features:Access Gulf: Yes
  • Lot Features:Key Lot: Yes
  • Waterfront Features:River Front: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Parcel #: 56939960003

Tax Info

  • Tax Annual Amount: 19685.0
  • Tax Block: 124
  • Tax Book Number: 3294
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2018
Closed on
Mar 18, 2020
Sold by
Alliance Capital Investment Llc
Bought by
Johnson Edwin D and Johnson Lisa A
Seller's Agent
Becky Bell Gust
Premiere Plus Realty Company
Buyer's Agent
Michelle Thomas
Premier Sotheby's International Realty
List Price
$2,095,000
Sold Price
$1,750,000
Premium/Discount to List
-$345,000
-16.47%
Current Estimated Value
$6,582,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,832,057
Avg. Annual Appreciation
24.39%

Purchase Details

Closed on
Dec 16, 2015
Sold by
Baltes Pearl and Baltes Lawrence S
Bought by
Alliance Capital Investments Llc

Purchase Details

Closed on
Dec 1, 2015
Bought by
Alliance Capital Investmt Llc

Purchase Details

Closed on
May 20, 2003
Sold by
Babst Emile M and Babst Lola R
Bought by
Baltes Lawrence and Baltes Pearl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
5.76%
Source: Public Records
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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
Johnson Edwin D $1,750,000 South Florida Trust And Ttl
Alliance Capital Investments Llc -- --
Alliance Capital Investmt Llc $1,355,000 --
Baltes Lawrence $2,090,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baltes Lawrence $1,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/18/2020 03/18/20 Sold $1,750,000 0.0% $323 / Sq Ft
03/18/2020 03/18/20 Sold $1,750,000 -12.3% $323 / Sq Ft View Prior Sale
02/09/2020 02/09/20 Pending -- -- --
02/04/2020 02/04/20 Pending -- -- --
03/14/2018 03/14/18 Price Changed $1,995,000 -4.8% $368 / Sq Ft
01/03/2018 01/03/18 For Sale $2,095,000 0.0% $387 / Sq Ft
12/28/2017 12/28/17 Price Changed $2,095,000 -16.0% $387 / Sq Ft
03/12/2016 03/12/16 For Sale $2,495,000 -- $461 / Sq Ft
Source: Marco Island Area Association 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 $62,051 $7,140,654 $4,565,517 $2,575,137
2024 $36,384 $5,980,509 -- --
2023 $36,384 $2,468,415 $0 $0
2022 $26,437 $2,244,014 $0 $0
2021 $22,073 $2,040,013 $2,032,272 $7,741
2020 $21,432 $1,970,041 $0 $0
2019 $19,638 $1,790,946 $1,783,760 $7,186
2018 $19,685 $1,790,632 $1,783,760 $6,872
2017 $19,382 $1,740,894 $1,734,212 $6,682
2016 $22,139 $1,962,565 $0 $0
2015 $20,612 $1,759,099 $0 $0
2014 $19,722 $1,599,181 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Marco Island Area Association of REALTORS®

MLS Number: 2180019

APN: 56939960003

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