NOT LISTED FOR SALE

Stuart, FL 34996

Sewall's Point Neighborhood

Estimated Value: $5,002,000 - $8,409,000

4 Beds
5.5 Baths
7,749 Sq Ft
$921/Sq Ft Est. Value

Last Sold November 07, 2014

Last sale price $3,274,625 $423 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $41,892/month

464 Days on Market

Highlights

  • Property has ocean access
  • Home fronts navigable water
  • River View
  • Felix A. Williams Elementary School Rated A-
  • Heated In Ground Pool
  • Fruit Trees

About This Home

As of November 2014

Stately Mediterranean Villa perched high on a bluff in South Sewall's Point. A masterpiece of European elegance this magnificent waterfront estate brings together the traditions of Old World craftsmanship & luxuries of 21st century living. Past arched double door entry the grand foyer sets the stage for lavish living. The focal point for elegant entertaining, the formal living room boasts a floor to ceiling stone fireplace w/ marble mantle, polished marble floors, intricate finishes, rosewood wet bar, saltwater aquarium, wine cooler/cellar, soaring windows frame the infinity pool. Chef's granite kitchen w/all the goodies adjoins family rm overlooking stone poolside loggia. Home theater. Sweeping water views. Close to inlet. Priced to sell! A must-see.

Last Agent to Sell the Property

Leon Abood

One Sotheby's International Realty Brokerage Phone: 772-287-1777 License #370222 Listed on: 07/01/2013

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $42,429

Year Built

  • Built in 2005

Lot Details

  • Lot Dimensions are 148x446x168x392
  • Home fronts navigable water
  • Property fronts a private road
  • Cul-De-Sac
  • East Facing Home
  • Sprinkler System
  • Fruit Trees

Home Design

  • Barrel Roof Shape
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 7,749 Sq Ft Home
  • Elevator
  • Wet Bar
  • Central Vacuum
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • French Doors
  • Entrance Foyer
  • Formal Dining Room
  • River Views

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Security System Owned
  • Intercom
  • Impact Glass
  • Fire and Smoke Detector

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • 1 to 5 Parking Spaces

Pool

  • Heated In Ground Pool
  • Spa
  • Outdoor Shower
  • Pool Sweep

Outdoor Features

  • Property has ocean access
  • River Access

Schools

  • Felix A Williams Elementary School
  • Stuart Middle School

Utilities

  • Zoned Heating and Cooling

Home Details

Home Type

Single Family

Est. Annual Taxes

$42,429

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Directions: East Ocean Blvd south on Sewall's Point Rd, 2nd right on Heritage way on river.
  • Garage Yn: Yes
  • Lot Size: 148x446x168x392
  • Property Attached Yn: No
  • Property Sub Type: Detached
  • Property Sub Type Additional: Detached,Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: Private Road
  • Subdivision Name: HERITAGE PLACE
  • Year Built: 2005
  • Ownership: Fee Simple
  • Attribution Contact: 772-287-1777
  • OriginatingSystemListAgentMemberKey: 51428614
  • ListAgentNationalAssociationId: 279060239
  • Special Features: None

Interior Features

  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Possible Bedrooms: 5
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Marble, Wood
  • Interior Amenities: Wet Bar, Breakfast Bar, Cathedral Ceiling(s), Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, Elevator, French Door(s)/Atrium Door(s), Fireplace, Living/Dining Room, Pantry, Split Bedrooms, Walk-In Closet(s), Central Vacuum
  • Living Area: 7749.0
  • Other Equipment: Intercom
  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Window Features: Impact Glass
  • Dining Room Type: Bathroom, Den, Family Room, Great Room

Exterior Features

  • Construction Type: Block, Concrete
  • Direction Faces: East
  • Disclosures: Seller Disclosure
  • Exterior Features: Fruit Trees, Sprinkler/Irrigation, Outdoor Shower
  • Lot Features: Cul-De-Sac, Sprinklers Automatic
  • Pool Features: Heated, In Ground, Pool Sweep, Outside Bath Access
  • Pool Private: Yes
  • Roof: Barrel
  • View: River
  • View: Yes
  • Waterfront Features: Deep Water, Navigable Water, Ocean Access, River Access, Water Access
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 3.0
  • Parking Features: Attached, Garage, Two Spaces, Garage Door Opener
  • Total Parking Spaces: 3.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Zoned
  • Cooling Y N: Yes
  • Heating: Central, Electric, Zoned
  • Heating Yn: Yes
  • Laundry Features: Inside, Laundry Tub
  • Security: Security System Owned, Smoke Detector(s)
  • Utilities: Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Size Limit, Yes
  • Senior Community: No

Schools

  • Elementary School: Felix A Williams
  • Middle Or Junior School: Stuart

Lot Info

  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 42429.0
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2013
Closed on
Dec 29, 2014
Sold by
Vakani Arvind Kenneth and Vakani Vicki L
Bought by
Vicki L Vakani Revocable Trust and Vakani Arvind K
Seller's Agent
Leon Abood
One Sotheby's International Realty
List Price
$4,200,000
Sold Price
$3,274,625
Premium/Discount to List
-$925,375
-22.03%
Current Estimated Value
$7,139,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,864,623
Avg. Annual Appreciation
7.25%
Original Mortgage
$2,000,000
Outstanding Balance
$1,532,069
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$5,607,179

Purchase Details

Listed on
Jul 1, 2013
Closed on
Nov 7, 2014
Sold by
Mufson Lawrence H and Mufson Desiree M
Bought by
Vakani Arvind Kenneth and Vakani Vicki
Seller's Agent
Leon Abood
One Sotheby's International Realty
List Price
$4,200,000
Sold Price
$3,274,625
Premium/Discount to List
-$925,375
-22.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$1,532,069
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$5,607,179

Purchase Details

Closed on
Feb 2, 2001
Sold by
Merkin Stanley L and Merkin Cynthia M
Bought by
Vicki L Vakani Revocable Trust

Purchase Details

Closed on
Sep 3, 1999
Sold by
Macdonald Jack A and Macdonald Antoinette F
Bought by
Merkin Stanley L and Merkin Cynthia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$617,800
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 1994
Sold by
Schepis Joseph A and Schepis Peggy
Bought by
Macdonald Jack A and Macdonald Antoinette F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
7.1%
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
Vicki L Vakani Revocable Trust -- Attorney
Vakani Arvind Kenneth $3,274,700 Imperial Title Llc
Vicki L Vakani Revocable Trust $1,250,000 --
Merkin Stanley L $882,800 --
Macdonald Jack A $650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vakani Arvind Kenneth $2,000,000
Previous Owner Macdonald Jack A $617,800
Previous Owner Macdonald Jack A $487,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/07/2014 11/07/14 Sold $3,274,625 -22.0% $423 / Sq Ft
10/08/2014 10/08/14 Pending -- -- --
07/01/2013 07/01/13 For Sale $4,200,000 -- $542 / Sq Ft
Source: Martin County REALTORS® of the Treasure Coast

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 $53,843 $3,430,298 -- --
2024 $52,942 $3,333,623 -- --
2023 $52,942 $3,236,528 $0 $0
2022 $51,385 $3,142,261 $0 $0
2021 $51,669 $3,050,739 $0 $0
2020 $49,922 $3,003,788 $0 $0
2019 $49,212 $2,936,254 $0 $0
2018 $48,663 $2,881,506 $0 $0
2017 $45,946 $2,822,239 $0 $0
2016 $45,521 $2,744,660 $1,641,600 $1,103,060
2015 -- $2,756,110 $1,641,600 $1,114,510
2014 -- $2,322,550 $1,296,000 $1,026,550
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2014

    Leon Abood

    One Sotheby's International Realty

    (772) 521-8008

    12 in this area

    41 Total Sales

    Leon Abood
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Source: Martin County REALTORS® of the Treasure Coast

MLS Number: M370688

Martin County REALTORS® of the Treasure Coast

APN: 01-38-41-013-000-00090-8

Florida Martin County Stuart 34996

Sewall's Point

Not Listed for Sale

Detached

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