Score
0Palm Beach Gardens, FL
107 Sunesta Cove Dr
2.4M
3 beds
4 baths
3,452 sqft
3 bd • 4 ba • 3,452 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$2,363,500
Price/Sq.Ft
$685
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This property at 107 Sunesta Cove Dr boasts an excellent location in Palm Beach Gardens, FL, a highly desirable area known for its upscale communities and golf courses. The home's generous 3,452 sq ft size is 41% larger than the average three-bedroom home in the area (2,440 sq ft). At $684.68/sq ft, it's priced 15% below the luxury market average of $800/sq ft in Palm Beach Gardens. The property likely offers water views and potential golf course access, given the aerial image showing numerous water features and green spaces. The 4 bathrooms provide a luxurious 1.33 bath-to-bed ratio, above the typical 1:1 ratio for high-end homes.
The Bad
The property's price of $2,363,500 is 573% higher than the median home value in Palm Beach Gardens ($351,000 as of 2021), potentially limiting the buyer pool. The lack of detailed information about the year built, specific features, and room details makes it challenging to assess the property's true value and condition. The absence of listed features suggests potential outdated amenities or the need for upgrades, which could incur significant additional costs.
The Ugly
The property's location in a hurricane-prone area presents significant risks. Insurance costs could be exceptionally high, with flood insurance likely mandatory and windstorm insurance potentially adding $5,000-$10,000 annually to ownership costs. The dense waterfront development visible in the aerial image suggests potential flooding risks, which could worsen with climate change and sea-level rise. Without knowing the year built, there's a risk of outdated building codes that may not meet current hurricane resistance standards, potentially requiring costly upgrades.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for affluent buyers with household incomes exceeding $500,000 annually, based on traditional mortgage qualification ratios. It's ideal for golf enthusiasts or those seeking a luxury waterfront lifestyle. The spacious layout makes it perfect for families or those who frequently entertain. It may also appeal to seasonal residents looking for a high-end winter home in Florida.
Not For
This property is not suitable for first-time homebuyers or those with moderate incomes, given its high price point. It's also not ideal for investors seeking immediate rental returns, as the potential rental income ($3,990/month for a 4-bedroom) would not cover the likely mortgage payments. Those highly risk-averse to natural disasters or concerned about long-term climate change impacts should also reconsider.
Demographics
Area Median Income
$110,482
Property History
Price History
Ownership Timeline
$0Cash Purchase
Sep 19, 2024Michael Balducci, Linda BalducciMichael A Balducci, Ryan C Balducci
Intrafamily Transfer
Non-Arm's Length Transactions
$900,000Financed
Mar 31, 2021David A Frank, Carolyn MeteMichael Balducci, Linda Balducci
Warranty Deed
Standard Sale (Purchase/Resales)
$763,700Cash Purchase
Aug 18, 2003Sabatello Development Corp Iv IncDavid A Frank, Carolyn Mete
Special Warranty Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
9.0/10
ExcellentMiddle
6.0/10
GoodHigh
2.0/10
Below AverageFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,630
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$2,363,500
Price/sqft
$685
Layout
3 bd•4 ba
Stats in the Area
Based on 5 comparable properties nearby
Average Price
$2,134,395
10.7%
Your price is 10.7% above average
Median Price
$1,850,000
27.8%
Based on 5 recent sales
Price per Sq.Ft
$620
10.4%
Your price is 10.4% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 167 Vintageisle Lane, Palm Beach Gardens, FL 33418 | $1,850,000 | 3,601 | 3 | 4 | $51425.0% | 8/29/2024 |
| 123 Banyan Isle Drive, Palm Beach Gardens, FL 33418 | $1,828,000 | 3,076 | 4 | 4 | $59413.2% | 9/5/2024 |
| 1114 Crystal Drive, Palm Beach Gardens, FL 33418 | $2,704,800 | 3,310 | 4 | 4 | $81719.3% | 8/2/2024 |
| 111 Windward Drive, Palm Beach Gardens, FL 33418 | $1,200,000 | 2,860 | 3 | 4 | $42038.7% | 9/5/2024 |
| 127 Grand Palm Way, Palm Beach Gardens, FL 33418 | $3,089,175 | 4,099 | 3 | 5 | $75410.1% | 11/15/2024 |
167 Vintageisle Lane, Palm Beach Gardens, FL 33418
Price: $1,850,000
Sq.Ft: 3,601
Beds/Baths: 3/4
$/Sq.Ft:
$51425.0%
Sale Date: 8/29/2024
123 Banyan Isle Drive, Palm Beach Gardens, FL 33418
Price: $1,828,000
Sq.Ft: 3,076
Beds/Baths: 4/4
$/Sq.Ft:
$59413.2%
Sale Date: 9/5/2024
1114 Crystal Drive, Palm Beach Gardens, FL 33418
Price: $2,704,800
Sq.Ft: 3,310
Beds/Baths: 4/4
$/Sq.Ft:
$81719.3%
Sale Date: 8/2/2024
111 Windward Drive, Palm Beach Gardens, FL 33418
Price: $1,200,000
Sq.Ft: 2,860
Beds/Baths: 3/4
$/Sq.Ft:
$42038.7%
Sale Date: 9/5/2024
127 Grand Palm Way, Palm Beach Gardens, FL 33418
Price: $3,089,175
Sq.Ft: 4,099
Beds/Baths: 3/5
$/Sq.Ft:
$75410.1%
Sale Date: 11/15/2024
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