Florida Estates & Homes
Destin
No other estates in this area compare to this masterpiece! Classically inspired...masterfully presented, it graces the beachfront of Shores of Crystal Beach. At 15,000 square feet, 10 bedrooms and 13 bathrooms, this magnificent estate exemplifies the height and breadth of gulf front grandeur. This distinctive residence blends understated elegance with amenities that satisfy the advanced state of the art technological needs of modern life. Crafted as a private unique home, this retreat reflects unparalleled craftsmanship from the magnificent entry with rotund staircase, appealing gourmet kitchen with butler's pantry, wine cellar, and waterfall. Interior formal and informal entertainment venues offer adult and children's media rooms, billiard/game room with wet bar, dance floor with ascending disco ball, elevator, office with conference room and a master suite which displays cypress beams, a wet bar and a fireplace. Expansive terraces encompass the majestic water views which dominate the myriad entertainment areas inside and out. This work of art home reinterprets the grand lifestyle for the ultimate in gulf front living. Truly a "smart home"...you name it, it has it! Valued at approximately $12,712,000, this incredible estate is available from JPIH for $8,425,000. PHOTO ALBUM
Marco
JPIH is proud to present three properties on beautiful Marco Island: (1) An estate home that was constructed by Slocum-Christian, Marco's premier builder, that was completely renovated in 2005 located on a very private corner lot at the end of the Island; (2) A beautifully renovated and fully furnished rental home with 117' of sea wall and two boat lifts that commands up to $2,600 per week in rental income; and (3) A fully furnished and renovated waterfront heated pool home capable of accommodating a 45' yacht, two doors down from the other rental home and commanding up to $1,500 per week in rental income. All three properties have instant open water access and southern exposure lots, truly the most desirable locations on Marco!
Investment Highlights:
LOCATION, LOCATION, LOCATION! - Our three offerings are all waterfront properties, southern exposures and instant open-water access! THE locations highly desired by residents and renters alike!
Marco Island Real Estate Market - Highlights from an October 2007 article in The Marco Eagle: 19% year over year growth rate in sales of single family residences; Frequent visitors and buyers from Europe now enjoy an 18% appreciation in purchasing power over the Euro exchange rate in 2004; Inventory is shrinking; Sales of water direct homes in The Estates have doubled year over year. READ THE ARTICLE
Property Conditions - All three homes have been fully renovated with the highest quality materials and craftsmanship. The two rental homes are fully furnished down to linens and beautiful accessories. All three have heated pools and other outdoor amenities.
Rising Prices - Both the listing prices and the sales prices of the homes on Marco that share the location and amenity characteristics of these properties continue to rise as the "best in class" investment opportunities available. There is a very limited number of homes of this quality available and the swelling inventory and falling prices characteristic of most real estate markets and even those Marco properties that are inland or that have indirect water access has actually increased the demand for these. Within The Estates, there have been several significant increases in home listing prices including from $10,500,000 to $10,900,000; from $6,900,000 to $7,200,000; from $5,500,000 to $6,750,000; and, from $4,900,000 to $5,975,000. Prices are also rising elsewhere on the Island, with a residence raised from $2,795,000 to $3,499,000; an older home in the middle of the
Income Opportunities - The two rental homes are ready for placement with a major local broker we can refer and should generate up to $4,100 PER WEEK in rental income during season. Additionally, each has a dock and one has two boat lifts all of which could be rented to local boaters or others for separate income. One of the docks is already rented for $325 per month through April 2008. The estate home could also be offered on an executive or corporate long-term lease.
The Properties:
Estate Home – Available at 64% of Appraisal!!
Built in 1998 by Slocum-Christian, Marco's premier builder, and completely renovated in 2005, this custom home on .36 acres in The Estates offers 3 bedrooms and 3.5 bathrooms. With excellent views of Robert's Bay, it is situated on a beautiful corner lot with southern exposure at the end of the island and affords total privacy! There are a total of 6,044 square feet (3,422 square feet under air, 1,544 square feet in two screened lanais and 1,077 square feet in the garage and covered entrance).
Interior Features: The gourmet-class custom kitchen offers upgraded stainless steel appliances including tri-vection ovens, granite counter tops and backsplash, a generous granite breakfast bar as well as dining area overlooking the pool, spa and bay, a pantry with wine cooler and an expansive granite desk with glass cabinets. A lovely granite wet bar also offers additional wine storage. The family room offers a built-in entertainment center, extensive built-in cabinetry, a cozy fireplace and floor-to-ceiling 90 degree pocketing glass sliders which open to provide the expansive bay views. The master suite includes custom tray ceilings, a Jacuzzi tub, full marble shower and separate water closet. The executive office is complete with French doors, hardwood built-in cabinetry, hickory floors and ceiling and a very large 5 foot hidden safe. All bedrooms have very spacious walk in closets with crown molding and one guest bathroom also has a marble shower. The half bath serves pool guests as well with Kohler pedestal sink and built-ins for pool towel and accessory storage. All bedrooms and the office are entered through full light glass doors with plantation shutters. The extensive built-in cabinetry continues in the dining room, office and laundry room. This no-expense-spared residence also includes new marble floors with knapp finish, custom crown molding throughout, all new carpet and hardware, new paint, rope and recessed dimmer lighting and multiple designer ceilings.
Exterior Features: Two lanais: (1) A covered and fully-tiled lanai with an infinity edge pool and spa that will accommodate outdoor dining for at least 10 with additional generous covered seating area for relaxing and enjoying the serenity and privacy of this property and (2) A new screened lanai added at the side of the home exiting the laundry room that features full granite counters and backsplashes, crown moldings, built-in cabinets, the newest Maytag Neptune elevated washer/dryer and an additional refrigerator. The sunset exposure large side lanai is perfect for privacy to enjoy a hammock rest and island breezes and sunset or as a separate place for the household pets to play while the owners are entertaining. A convenient outdoor shower is also available. The expansive waterside patio and deck area offer generous sunning, peaceful relaxation and beautiful, tranquil bay views. There is a fully equipped outdoor kitchen with JennAir & ULine appliances. The separately heated spa is surrounded by many Queen and Royal Palm trees, the most expensive of its kind. There is an extremely large attached 3+ car garage with multiple built-in closets plus a pull down stair storage and plantation shutters. The estate also offers custom sliding Plantation Shutters, hurricane shutters, new paint, professional landscaping, an expansive paver circular drive, garden area seating and impressive covered grand front entrance.
Dock & Open Water Access: The large dock will accommodate up to a 70' yacht and the property includes 50' of riparian rights rather than the 20' that is typical on the rest of the island. The dock is located around the corner from the Gulf with immediate direct open-water access and protected yacht dockage and it includes phone, cable, water and electric at the dock.
The home is also equipped with both security and sound systems throughout, including the pool and lanai area.
Indications of current value: (1) previously appraised for Wachovia Wealth Management at $5,500,000; (2) a home next door also built by Slocum-Christian was just listed for $6,750,000 but it does not have the marble floors, large corner lot or 50' riparian rights; (3) a home across the street located on a small canal WITHOUT the corner lot, the view, the southern exposure, the protected yacht dockage or the increased riparian rights is currently listed at $5,975,000; (4) in late June, a nearby home that was on the market for $8,500,000 sold for $8,400,000 CASH closing after only a few days; (5) a nearby home but on a very busy street just recently listed at an asking price of $6,999,500; (6) a LOT ONLY property with views but further away from the Gulf is listed at $4,500,000; (7) a home at end of the street is on the market for more than $9,400,000; and, (8) a residence at the opposite end of the street near a bridge and located on a busy street is listed at $7,200,000.
This beautiful estate home is available from JPIH for only $3,550,000, 64% of its appraised price of $5,500,000, plus closing costs.
PHOTO ALBUM
Rental Home #1 – 51% of Appraisal!
PRIME BOATING LOCATION & EXCLUSIVE
Indications of value: (1) previously appraised for $2,150,000; (2) new listing very nearby that is the same age, no pool, less desirable northern exposure, no renovations, a one-car garage and no furnishings is available at $2,650,000; (3) a new listing same age as our smaller rental home below but with far less square footage (988 under air), same amount of water frontage, northern exposure and in seriously dilapidated condition that is being sold in "As Is" condition with seller's agreement to pay for teardown of the existing residence is available at $1,795,000; (4) a home identical in floor plan and water direct location closed June 29 for $1.7 Million; and, (5) a similar home in the same unit is on the market for more than $1.9 Million.
JPIH is making this exceptional home available for $1,100,000 + closing costs. That’s only 51% of its appraised value!
PHOTO ALBUM
Rental Home #2 – 44% of Appraisal!
Turnkey FURNISHED colorful "Key West Pink" renovated waterfront heated pool home (2 bedrooms and 2 bathrooms with den/office or 3 bedrooms and 2 bathrooms). Will accommodate any watercraft up to a 45 ft yacht! Hardwood and tile floors, wall of glass sliders leading to heated pool and screened lanai, GE Profile appliances, pedestal sink and rimless shower doors, circular driveway, laundry room and more! Get to open water & the
Fabulous investment in area of much higher priced properties. New executive home under construction at end of street!
Indications of value: (1) Previously appraised at $1,570,000 and (2) a new listing same age but with far less square footage (988 under air), same amount of water frontage, northern exposure and in seriously dilapidated condition that is being sold in "As Is" condition with seller's agreement to pay for teardown of the existing residence is available at $1,795,000.
This attractive home is available from JPIH for $700,000 plus closing costs!
PHOTO ALBUM
Melbourne
Incredible Mansion on over 5 acres. Indulge yourself in fifty rooms of sheer luxury. Enjoy the two theatres, fully equipped gym or relax outside by the cabana and lavish tropical pool with two waterfalls and a mountain waterslide. Enter the secured gate, drive the meandering path through a lush manicured lawn adorned with colors of purple, pink and white blooms, past the tennis courts, onto the high domed porte cochere of marvelous keystone coral. Detailed columns create the ambience of elegance preparing you for the sensation entry foyer. Water features abound, swirls of marble, chandeliers at every angle, the majestic staircase rivals those of the finest palaces, windows bring the romantic oaks trimmed in spanish moss in full view, incredible volume, passionate artistic detail, the epitome of classic architecture, an experience to view. The swimming pool outdoes most hotels, with a grotto featuring waterfalls and two waterslides. There's bar seating in the pool, plus a hot tub inside a cave in the faux mountain. This unbelievable estate has a total of 23,422 square feet of living space in 50 rooms with a total of 11 bedrooms and 17 bathrooms! The main residence has 19,492 square feet and the guest house has 4,905, and the caretaker's quarters has bed, bath & kitchenette. Want to curl up in front of the fireplace? Take your choice of seven. Would a bottle of wine go well with dinner? There's room to store close to 10,000 in the knotty-pine wine cellar. In the mood for a movie? Pop in a DVD for the kids in the kids' theater and another for the grown-ups in the main home theater. There's even a booth for the ticket-taker and a glass case for displaying candy. In addition to the expected rooms, including a master suite with two-story closet for her, there's an exercise room; craft room; beauty parlor; meditation room; plus separate sauna and steam room, each with seating for at least 10 people; and even a model train room. Future owners would be well-advised to invite only people they truly like to stay in the guest house. They'll never want to leave! An additional $1 million was invested into renovations recently. Previously appraised at $10,500,000, JPIH is offering this exceptional home for $4,850,000! This quality of opportunity is very rare! Take advantage TODAY!! PHOTO ALBUM