See Home Value
$3,204,435*
House - Off Market

540 Ridge DR

NAPLES, FL 34108
bedrooms
5 Beds
bathrooms
6 Baths, 2 Half Baths
square feet
4963 Sqft
$2,520,000 - $3,080,000
Reference Base Price*
14.44%
Since Sep 1, 2021
National-US
Primary Model
Sold Jun 01, 2022
$3,700,000
$2,960,000 by Fifth Third Bank National Asso
Mortgage Due Sep 01, 2052
Sold Oct 04, 2021
$2,750,000
$1,925,000 by Finemark National Bank & Trust
Mortgage Due Oct 04, 2051

About This Property

1.32 Acre slice of paradise in the heart of Naples.  Sitting on one of the highest elevations in Pine Ridge, this spacious, turnkey 5 bedroom+den 4 full/2 half bath estate with a 3 car garage is move in ready!  Get the feel of estate living with plenty of land and privacy, zero HOA fees, and yet minutes from the beautiful white sand beaches that earned Naples the rank of #1 Beach Town in the US!  You are minutes from the Waterside Shops, Mercato, Ritz Carlton and more of Naples fine dining, entertainment and world class shopping!  This home features a theater room, wet bar/lounge area, and pre wiring and plumbing for an additional in-law suite. Hurricane impact windows.  LED lights and Lutron lighting system upgraded this year.  Elan home sound system upgraded last year.  The entire home is ran on a reverse-osmosis water filtration system with an underground 1000 gallon propane tank filled this year.  This is a unique opportunity that does not come by often!

The manager has listed the unit size as 4963 square feet.
Unit Size
4,963Ft²
Days on Market
-
Land Size
1.32 acres
Price per sqft
$564
Property Type
House
Property Taxes
$11,881
HOA Dues
-
Year Built
2006

Price History

Date / Event Date Event Price
Jun 1, 2022 Sold $3,700,000
Sold
Oct 4, 2021 Sold to Samantha Innes, Scott D Innes $2,750,000
Sold to Samantha Innes, Scott D Innes
Aug 22, 2021 No longer available -
No longer available
Aug 17, 2021 Price Decreased $2,800,000
↓ $600K (17.7%)
Price Decreased
Jun 30, 2021 Listed $3,400,000
Listed
Show More

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: C+
  • Construction Type: Masonry
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 57,499
  • Total Building Area: 3,048
  • Gross Building Area: 3,048
  • Building Area: 3,048
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,048
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PINE RIDGE EXTENTION
  • Land Acres: 1.32
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PINE RIDGE EXT BLK R LOT 3

Ownership

  • Current Owner : RAKESH P PATEL LIVING TRUST
  • Previous Owner : INNES SCOTT D
  • Previous Owner 2: INNES SAMANTHA
  • Owner Before Previous Owner: HANSEN RODNEY B
  • Owner Before Previous Owner 2: HANSEN SHARON
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Dec 21, 2023

Neighborhood

  • School District Name: Collier County School District
  • School Tax School District: DISTRICT 1
  • Census Tract: 010205

Zoning

  • Zoning: RSF-1

Geography

  • Assessors Map Reference: 4A03
  • Subdivision Tract Number: 561400
  • Parcel: 67287040004
  • Block: R
  • Lot: 3
  • Meridian: SEC 3 TWN 49 RNG 25
  • Municipality: COUNTY COLLIER
  • Latitude: 26.2374
  • Longitude: -81.7953

    Address

  • Full Address: 540 Ridge Dr
  • Address - House Number: 540
  • Address - Street Name: Ridge
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Naples
  • Carrier Code: C006
  • 4-Digit Zip Code: 2674
  • Zip Code: 34108

Valuation

    Tax

  • Total Area: 5,256
  • Tax Year: 2022
  • Tax Amount: $22,830
  • Tax Rate Code Area: 118

    Appraisal Valuation

  • Standard Deviation: 0.2419
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 66
  • Final Value: 3,566,037
  • High Value: 4,428,891
  • Low Value: 2,703,183

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,960,000
  • First Open Lien Mortgage Lender: FIFTH THIRD BANK NATIONAL ASSO
  • First Open Lien Mortgage Recording Date: Aug 16, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $2,960,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2052

    Market Valuation

  • Market Total Value: $2,199,210
  • Market Land Value: $1,557,837
  • Market Improvement Value: $641,373

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,199,210
  • Assessed Land Value: $1,557,837
  • Assessed Improvements Value: $641,373

    Sales

  • Current Sale Contract Date: Jun 01, 2022
  • Current Sale Recording Date: Jun 01, 2022
  • Current Sale Transaction ID: 11889677792
  • Current Sale Price: $3,700,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 6260409
  • Previous Sale Recording Date: Oct 04, 2021
  • Previous Sale Contract Date: Oct 04, 2021
  • Previous Sale Amount: $2,750,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: FINEMARK NATIONAL BANK & TRUST
  • Previous Mortgage Transaction Date: Oct 04, 2021
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $1,925,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Oct 04, 2051



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
4.5 Baths
3,117 ft²
$1,057/ft²
$3,295,000 Aug 1, 2023
-
$336/mo
House
4 Beds
3 Baths
3,873 ft²
$701/ft²
$2,715,000 Feb 24, 2024
-
$435/mo
House
4 Beds
4.5 Baths
3,793 ft²
$765/ft²
$2,899,999 Jun 1, 2024
-
$2,147/mo
House
4 Beds
3 Baths
2,213 ft²
$1,333/ft²
$2,950,000 Apr 22, 2024
-
$7,004/mo
Condo
2 Beds
2.5 Baths
2,194 ft²
$1,253/ft²
$2,750,000 Mar 8, 2024
-
-

About North Naples


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Frequently Asked Questions

When was property at 540 Ridge Drive built and last sold?
The property at 540 Ridge Drive was built in 2006 and last sold on Jun 1, 2022 for $3,700,000.
How much is this home worth?
The estimated value of the home located at 540 Ridge Drive is $2,828,443.
What are some comparable homes to 540 Ridge Drive?
There are currently no comparable homes to 540 Ridge Drive.

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