1001 Point of Rocks Rd Unit 412 Sarasota, FL 34242
Siesta Key NeighborhoodEstimated Value: $1,526,807 - $1,649,000
2
Beds
2
Baths
1,370
Sq Ft
$1,113/mo
HOA Fee
Highlights
- Beach Front
- Water access To Gulf or Ocean
- Gated Community
- Phillippi Shores Elementary School Rated A
- Fitness Center
- Coastal Architecture
About This Home
As of November 2023SIESTA SANDS BEACH RESORT: a rare opportunity to own one of the highest grossing vacation rental condos, with direct beach views of Siesta Key’s legendary powdery white quartz sands and tranquil Gulf waters. The highly desirable 4th floor northwest corner unit can make a fabulous year-round primary residence, winter retreat, or a profitable investment with approximately $95k in gross rental income for 2023. The spacious and well-appointed direct beachfront condo is situated at the Southern end of Crescent Beach, in one of the most sought-after boutique resort communities on Siesta Key. With 2-bedrooms, 2-bathrooms, and two private balconies overlooking the beach you and your guests can enjoy gulf views, relaxing tropical breezes, and memorable sunsets year-round. The seaside suite was designed with relaxation and rejuvenation in mind, with an open floor plan maximizing the spectacular views and providing the ultimate oasis to unwind after a day at the beach. This established vacation rental is fully equipped and turnkey furnished, with a strong rental history, high occupancy rates, and future bookings in place. Included with this condo, one covered parking space, in-unit laundry, and private storage offers added convenience. The resort-style amenities at Siesta Sands delight guests and owners alike with beach rental service for lounge chairs, umbrellas, and more, TWO heated pools, WIFI, poolside gazebo, gas grills, exercise room, bamboo lounge, and wonderful onsite rental management. The boutique resort is a secluded retreat in paradise with only 31 units, and boasts private, gated beach access to Crescent Beach. The fabulous location is steps from the key’s South Village with fresh seafood around every corner, just north Point of Rocks, one of the best snorkeling spots in the area, and only a short drive from downtown Sarasota’s top attractions. If you prefer to stay on the island, bicycle or flag down the free trolley to explore Siesta Key Village just to the north, for shopping or dining.
Last Listed By
MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-388-4447 License #3105565 Listed on: 09/15/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,796
Year Built
- Built in 1988
Lot Details
- Beach Front
- 200 Feet of Ocean or Gulf Waterfront
- Southeast Facing Home
HOA Fees
- $1,113 Monthly HOA Fees
Property Views
- Beach
- Full Gulf or Ocean
Home Design
- Coastal Architecture
- Membrane Roofing
- Pile Dwellings
- Stucco
Interior Spaces
- 1,370 Sq Ft Home
- Furnished
- Ceiling Fan
- Window Treatments
- Sliding Doors
- Combination Dining and Living Room
- Tile Flooring
Kitchen
- Range with Range Hood
- Microwave
- Ice Maker
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- Split Bedroom Floorplan
- 2 Full Bathrooms
Laundry
- Laundry closet
- Dryer
- Washer
Parking
- Oversized Parking
- Ground Level Parking
- 1 Assigned Parking Space
Eco-Friendly Details
- Reclaimed Water Irrigation System
Outdoor Features
- Water access To Gulf or Ocean
- Balcony
- Exterior Lighting
Utilities
- Central Air
- Heating Available
- Thermostat
- Electric Water Heater
Listing and Financial Details
- Visit Down Payment Resource Website
- Assessor Parcel Number 0108181022
Community Details
Overview
- Association fees include cable TV, common area taxes, pool, escrow reserves fund, fidelity bond, insurance, internet, maintenance structure, ground maintenance, management, pest control, sewer, trash, water
- Siesta Sands Beach Resort / Sheila Johnson Association, Phone Number (941) 383-3117
- Siesta Sands Beach Condos
- Siesta Sands Resort Subdivision
- 6-Story Property
Recreation
- Fitness Center
- Community Pool
Pet Policy
- No Pets Allowed
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 15, 2023
Closed on
Nov 2, 2023
Sold by
Barry J Eckhold Trust
Bought by
Athena Llc
Seller's Agent
Doug Parks
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Derek Patti
NEXTHOME EXCELLENCE
List Price
$1,795,000
Sold Price
$1,700,000
Premium/Discount to List
-$95,000
-5.29%
Total Days on Market
9
Views
34
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$118,048
Avg. Annual Appreciation
-2.39%
Original Mortgage
$920,000
Outstanding Balance
$910,211
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$727,686
Purchase Details
Listed on
Sep 15, 2021
Closed on
Mar 15, 2022
Sold by
Mcguirk Family Limited Partnership
Bought by
Barry J Eckhold Trust
Seller's Agent
Laurie Minear
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Doug Parks
MICHAEL SAUNDERS & COMPANY
List Price
$1,600,000
Sold Price
$1,610,000
Premium/Discount to List
$10,000
0.62%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.37%
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Similar Homes in Sarasota, FL
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Athena Llc | $1,700,000 | None Listed On Document | |
| Barry J Eckhold Trust | $1,610,000 | Norton Hammersley Lopez & Skok |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Athena Llc | $920,000 | |
| Previous Owner | Mcguirk Gary F | $975,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/02/2023 11/02/23 | Sold | $1,700,000 | -5.3% | $1,241 / Sq Ft |
| 09/25/2023 09/25/23 | Pending | -- | -- | -- |
| 09/15/2023 09/15/23 | For Sale | $1,795,000 | +11.5% | $1,310 / Sq Ft |
| 03/15/2022 03/15/22 | Sold | $1,610,000 | +0.6% | $1,175 / Sq Ft |
| 02/19/2022 02/19/22 | Pending | -- | -- | -- |
| 11/12/2021 11/12/21 | For Sale | $1,600,000 | 0.0% | $1,168 / Sq Ft |
| 10/07/2021 10/07/21 | Pending | -- | -- | -- |
| 09/15/2021 09/15/21 | For Sale | $1,600,000 | -- | $1,168 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $16,104 | $1,358,700 | -- | $1,358,700 |
| 2023 | $16,104 | $1,347,300 | $0 | $1,347,300 |
| 2022 | $10,796 | $1,085,100 | $0 | $1,085,100 |
| 2021 | $7,613 | $591,900 | $0 | $591,900 |
| 2020 | $7,116 | $540,000 | $0 | $540,000 |
| 2019 | $7,635 | $586,300 | $0 | $586,300 |
| 2018 | $7,285 | $575,000 | $0 | $575,000 |
| 2017 | $6,266 | $468,300 | $0 | $468,300 |
| 2016 | $6,398 | $468,300 | $0 | $468,300 |
| 2015 | $9,136 | $662,300 | $0 | $662,300 |
| 2014 | $8,748 | $571,340 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Doug Parks
Seller's Agent in 2023
Doug Parks
Michael Saunders
(941) 400-9087
6 in this area
67 Total Sales
-
Derek Patti
Buyer's Agent in 2023
Derek Patti
NEXTHOME EXCELLENCE
(407) 267-4398
8 in this area
81 Total Sales
-
Laurie Minear
Seller's Agent in 2022
Laurie Minear
Michael Saunders
(717) 824-5703
1 in this area
6 Total Sales
Map
Source: Stellar MLS
MLS Number: A4582689
APN: 0108-18-1022
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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