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$15,988,000

Beds
6
Baths
6.5
sq ft
13,083

1240 Coconut Dr, Fort Myers, FL 33901

1240 Coconut Dr

Fort Myers, FL 33901

  • 420 days on market
    • Price drop $1,962,000↓
EXQUISITE ELEGANCE | HIGH ELEVATION | UNBEATABLE STABILITY |EXCEPTIONAL CONDITION ***** Presenting the most unique and unparalleled luxury property in Southwest Florida: A breathtaking, beautifully furnished Palladian-style Grand Estate boasting custom Venetian plaster walls and stairs throughout (!) epitomize luxury waterfront living in Fort Myers' most prestigious location. Spanning over 2 acres of prime waterfront, this estate has been crafted as the ultimate oasis. It boasts remarkable resilience, having weathered every storm with its unparalleled stability. The architectural gem offers 19,184 sq. ft. of lavish living space with 153 ft. of prime waterfront, complete with direct Gulf access, 2 docks, and a boat lift for vessels up to 40 ft. equipped with a 30,000-lb lift (expandable). A botanical garden features exotic fruit trees and amazing plants. The PRINCIPAL RESIDENCE features four luxurious bedrooms, two separate very spacious offices, a professional-grade gym, and incredible indoor and outdoor cinemas. Wine connoisseurs will appreciate the 2,000-bottle wine cellar. The incredible GOURMET KITCHEN is truly a chef’s masterpiece. It features high-end appliances, elegant marble countertops, and exclusive marble sliding doors designed to discreetly tuck away appliances like toasters, maintaining a seamless, uncluttered aesthetic. Accented by African walnut finishes and ample storage provided by custom cabinetry, this kitchen brings together functionality and flawless design. Enjoy a real POOL OASIS featuring an expansive 75,000-gallon mosaic infinity-edge pool, a 16-person spa, and an outdoor kitchen and extremely spacious lounge area with outdoor cinema, automatic screens and hurricane shutters to provide unmatched comfort in the entertaining spaces - alongside the breathtaking water views! The charming GUEST HOUSE offers 3 additional bedrooms, ideal for guests, family, or house staff. For car enthusiasts, a MOTOR COURT with 9 garage spaces awaits. Additional massive luxury upgrades include a state-of-the-art audio, visual, and security system, a unique Japanese Tensui water filtration system, an elevator and impressive 754 LED lights signifies true luxury living. You will be impressed by solid granite driveways, Mexican shell stone details, and Italian marble flooring. Custom fixtures, millwork, built-ins, and hardware showcase impeccable craftsmanship, designed and constructed by Michelangelo Custom Homes, master carpenters from Germany, supported by the architectural design by Stofft Cooney of Naples. A 1,000-gallon underground LPG tank feeds various applications throughout the Estate. 2 wells guarantee uninterrupted water supply to feed the web-based sprinkler system. An over $2 Million furniture package is negotiable. This property stands as an incomparable example of exception condition, boasting an UNPARALLELED LEVEL OF STABILITY. This is the MOST REMARKABLE and RESILIENT WATERFRONT MASTERPIECE ABOVE ALL PROPERTIES IN LEE COUNTY!

Details

Property type

Single Family Residence

Est. home value

$6,854,900

Lot size

2.18 acres

Price per sq ft

$1,223

Year built

2013

Annual property taxes

$83,428.16

HOA

No

Price History

11/18/2024

FGCMLS #223071325

Price change
$15,988,000
-10.93%
09/30/2024

FGCMLS #223071325

Pending
$17,950,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Number of units in community: 

2

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First American Bank

Loan start date

March 2017

Original loan amount

$2,700,000

Est. remaining balance

Not provided

Interest rate

4.09%

Loan type

Not Provided

Seller

Gbriele Baum and Herbert P Baum

Lender

First American Bank

Loan start date

March 2017

Original loan amount

$2,700,000

Est. remaining balance

Not provided

Interest rate

4.09%

Loan type

Not Provided

Seller

Gbriele Baum and Herbert P Baum

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/22/2024 at 10:40 PM

Listing updated: 11/18/2024 at 12:40 PM

Listed by: Cindy Cyrus, Compass Florida LLC Phone #: (305) 851-2820

MLS: FGCMLS #223071325

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