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$22,950,000

Beds
4
Baths
6.5
sq ft
7,454

225 Cove Ln, Naples, FL 34102

225 Cove Ln

NAPLES, FL 34102

  • 481 days on market
Inspired by the timeless charm of New Orleans, this is a masterfully crafted Greek Revival-style home with graceful balconies bringing the feeling of the French Quarter to a custom estate on Cutlass Cove. Crafted by the owners in collaboration with their builder with long water views across the sheltered cove and quick access to the Gulf via Gordon Pass, this home was designed with the finest finishes and attention to detail for Florida living. The main living level hosts diverse spaces for entertaining and relaxation - a parlor and formal dining area give way to the spacious family room with the water views beckoning you to the rear balconies overlooking the pool. The casual sunroom is a favorite spot year-round with fireplace and a built-in grill for a quick meal. The kitchen is a masterpiece with stunning cabinetry and double chandeliers lighting the expansive center island workspace. The owner’s wing features a large sitting area with morning kitchen, luxurious bath with soaking tub, and a private library/study encased in wood-lined bookshelves. Upstairs, family and guests can enjoy one of three suites adjoining the large sitting room. Deeded beach access.

Details

Property type

Single Family Residence

Est. home value

$17,868,820

Lot size

0.59 acres

Price per sq ft

$3,079

Year built

2012

Annual property taxes

$80,376.72

Price History

01/25/2024
NABOR

NABOR #223016398

Price change
$22,950,000
-14.04%
03/10/2023
NABOR

NABOR #223016398

Listed
$26,700,000

Schools & Community

Neighborhood: 

Port Royal

Elementary school: 

LAKE PARK ELEMENTARY

Middle school: 

GULFVIEW MIDDLE SCHOOL

High school: 

NAPLES HIGH SCHOOL

Community features: 

Gated, Park

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

Merrill Lynch Credit Corp

Loan start date

July 1993

Original loan amount

$750,000

Est. remaining balance

Not provided

Interest rate

7.48%

Loan type

Not Provided

Seller

Merrill Lynch Credit Corp

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: 07/03/2024 at 12:10 PM

Listing updated: 05/30/2024 at 12:24 PM

Listed by: Ruth Trettis, PA, Premier Sotheby's Int'l Realty Phone #: (239) 434-2424

MLS: NABOR #223016398

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