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$5,895,000

Beds
3
Baths
3.0
sq ft
3,624

882 Magnolia Ct, Marco Island, FL 34145

882 Magnolia Ct

Marco Island, FL 34145

  • 114 days on market
Look no further!!! BEST PROPERTY IN MARCO ISLAND! Extraordinary panoramic views! Most water frontage, 163 ft. of water frontage. Location, Location, Location! One-of-a-kind! Motivated seller. House is stripped to the studs. Construction to begin shortly, unless it sells immediately. Architectural blueprints, electrical blueprints, structural blueprints, mechanical blueprints and plumbing blueprints are all completed and have been submitted to the City of Marco Island. Permits are pending for 8,000 sq ft mega mansion with three floors, an elevator, 1,000 sq ft Primary Closet and floor-to-ceiling windows.

Details

Property type

Single Family Residence

Est. home value

$2,861,471

Lot size

0.25 acres

Price per sq ft

$1,627

Year built

1997

Annual property taxes

$26,901

Price History

05/27/2024
NABOR

NABOR #224018994

Removed
$5,895,000
05/27/2024
Beaches

Beaches #R10990828

Listed
$5,895,000
02/26/2024
NABOR

NABOR #224018994

Listed
$5,895,000
+180.71%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

City National Bank Of Florida

Loan start date

January 2023

Original loan amount

$600,000

Est. remaining balance

Not provided

Interest rate

6.58%

Loan type

Credit Line (Revolving)

Seller

Joseph Rakofsky

Lender

City National Bank Of Florida

Loan start date

June 2021

Original loan amount

$1,680,000

Est. remaining balance

Not provided

Interest rate

2.5%

Loan type

New Conventional, 30 year

Seller

Joseph Rakofsky

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?

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Status: Active

Tomo last checked: 09/18/2024 at 7:50 PM

Listing updated: 09/01/2024 at 1:36 AM

Listed by: Laura Ann Stanley, Keller Williams Realty Boca Raton Phone #: (561) 997-0500

MLS: Beaches #R10990828

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