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$3,850,000

Beds
5
Baths
6.5
sq ft
7,264

550 E Lake Rd N, Tarpon Springs, FL 34688

550 E Lake Rd N

TARPON SPRINGS, FL 34688

  • 173 days on market
ATTENTION: THIS ALL BLOCK BUILT (BOTH FIRST AND SECOND FLOORS!), WITH CEMENT TILE ROOF MASTERPIECE, CAME THROUGH BOTH RECENT FLORIDA STORMS WITHOUT A SCRATCH AND NO FLOODING! THIS FORTRESS IS BULLET PROOF! This spectacular, one of a kind, FULLY FURNISHED Estate offers 12 acres of privacy, security and seclusion! The Estate consists of 2 parcels. The home sits on 5.61 acres and the adjacent parcel of 6.39 acres may be kept as is or is already approved for a second estate! Although built in 2000 the exhaustive list of upgrades and renovations makes this a newly remodeled masterpiece! Freshly painted in 2021, the mansion abounds with hand-carved, custom woodwork with tastefully ornate crown moldings, curved archways and exquisite imported chandeliers. The formal living room features a natural gas fireplace, museum quality aquarium and a huge double-pained picture window that affords views of the expansive resort-style pool area complete with spa and surrounded by gas fueled torch monoliths, and premium Leonardo Travertine and built in mosquito repellant system. A comfortable family room is accented with three sets of French doors and includes a welcoming wet bar. All adjacent to an impressive chef's kitchen with marble and stone surfaces and Wolf/Subzero appliances. Off the family area is the state of the art home theater with sound damping materials with a built in sound system and Sony Laser 4k UHD projector which projects onto a HUGE 2:35 ratio Custom Glass Screen built by Screen Innovations. The theater room houses a complete server rack, PlayStation, Backup power supplies, network switches and full home security DVR system. The house is also fully equipped inside and outside with full Wi-Fi system so you will always be connected to the fastest internet. The DVR can be accessed from your phone while you are home or away so you can always feel safe with this upgraded security system. Additionally, the house is fully equipped with Control 4 Home automation expandable to do anything your heart desires. The north side of the first floor features the impressive master bedroom with its own sitting room and a safe room off one of the master bathrooms. Yes, there are his and hers master bathrooms with massive walk-in closets. The second floor living area features three large bedrooms all with ensuite bathrooms and their own private balconies! The home is minutes from the area's best beaches and the quaint villages of Tarpon Springs, Palm Harbor and Dunedin.

Details

Property type

Single Family Residence

Est. home value

$3,266,324

Lot size

12.0 acres

Price per sq ft

$531

Year built

2000

Annual property taxes

$42,238

Monthly HOA fee

$70.83

Price History

06/03/2024
StellarMLS

StellarMLS #U8243800

Listed
$3,850,000
+63.83%
12/23/2021
StellarMLS

StellarMLS #U8065687

Sold
$2,350,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

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

Seller could get up to

$1,998,668
Asking price
$3,850,000
Closing costs (~8% of asking)
-$308,000
Est. remaining loan balance
-$1,543,332
Cash to seller
$1,998,668

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Angel Oak Mortgage Solutions Llc

Loan start date

December 2021

Original loan amount

$1,645,000

Est. remaining balance

$1,543,332

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

Jinc Holdings Llc

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: 11/23/2024 at 5:25 AM

Listing updated: 11/15/2024 at 12:57 PM

Listed by: Michael Choiniere, BHHS FLORIDA PROPERTIES GROUP Phone #: (727) 799-2227

MLS: StellarMLS #U8243800

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