NOT LISTED FOR SALE

1011 Point of Rocks Rd Sarasota, FL 34242

Estimated Value: $1,604,000 - $3,851,000

4 Beds
4 Baths
8,850 Sq Ft
$253/Sq Ft Est. Value

Last Sold May 20, 2021

Last sale price $3,175,000 $359 Per Sq Ft

Est. 29% decrease in value since last sale

Current estimated payment $13,337/month

133 Days on Market

Highlights

  • Water access To Gulf or Ocean
  • Public Beach
  • Property is near public transit
  • Phillippi Shores Elementary School Rated A
  • Heated In Ground Pool
  • Living Room with Fireplace

About This Home

As of May 2021

The smell of sweet Plumeria and sea air transcends this immaculately maintained tropical getaway along the highly desirable Point of Rocks Road on Siesta Key. Comprised of eight total units that have consistently been updated to the highest standards throughout their ownership. Featuring five one-bedroom units, two two-bedroom units and a three-bedroom unit. This turnkey business holds the honor of being the first triple diamond awarded boutique accommodation on the island, and it’s easy to see why. Units are outfitted with comfortable luxury aesthetic so many seek when living and vacationing in Florida; brimming with chic and easy-to-maintain finishes and utilities. Kitchens feature long-life, durable Cambria quartz surfaces, stainless steel appliances, updated cottage-style cabinetry and a full set of pots, pans and matching utensils. There’s much to love and enjoy. One show-stopping feature you won’t see but will feel in all you do is the catalytic conversion water filtration system throughout the complex that naturally softens the water with minerals and results in more enjoyable swims and showers and fluffier towels and laundry. Much of the foliage has matured over 30 years and has been strategically planted throughout the complex to allow residents and guests exceptional privacy, whether lounging by the heated saltwater pool with spa or simply enjoying the immersive and meditative ambiance within their private home. Water features have also been installed so the hum of newer AC units doesn’t disturb your nirvana. The boutique establishment is within steps to Crescent Beach and comes complete with all a beachgoer could need, including umbrellas, chairs, coolers, and towels. Each unit also features Direct TV premium channels and high-speed internet access. Maintenance storage and a main office suite assists in running the daily business needs.

Last Agent to Sell the Property

Rudy Dudon

MICHAEL SAUNDERS & COMPANY License #3099658 Listed on: 10/19/2020

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Ginger Wilson

COLDWELL BANKER REALTY License #3236785

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,093

Year Built

  • Built in 1979

Lot Details

  • 0.33 Acre Lot
  • Public Beach
  • Irrigation
  • Additional Parcels

Property Views

  • Garden
  • Pool

Home Design

  • Elevated Home
  • Bi-Level Home
  • Turnkey
  • Shingle Roof
  • Block Exterior
  • Vinyl Siding
  • Pile Dwellings
  • Stucco

Interior Spaces

  • Walk-In Closet
  • 8,850 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • French Doors
  • Living Room with Fireplace
  • Combination Dining and Living Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 8 Carport Spaces
  • Ground Level Parking
  • Driveway
  • Guest Parking
  • Parking Garage Space

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Pool Sweep
  • Pool Lighting

Outdoor Features

  • Water access To Gulf or Ocean
  • Balcony
  • Exterior Lighting
  • Outdoor Grill

Location

  • Flood Zone Lot
  • Property is near public transit

Schools

  • Phillippi Shores Elementary School
  • Brookside Middle School
  • Sarasota High School

Utilities

  • Central Heating and Cooling System
  • Water Filtration System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units
  • Point Of Rocks Community
  • Point Of Rocks Terrace Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,093

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Block, Stucco, Vinyl Siding
  • Fireplace: Yes
  • Living Area: 8850
  • Lot Size Acres: 0.33
  • New Construction: No
  • Year Built: 1979
  • Lot Size Sq Ft: 14375
  • Number Of Lots: 108170048
  • Directions to Property: West on Stickney Point Rd to Midnight Pass Road. Head south on Midnight Pass Rd and turn right on Point of Rocks. Property will be on the right hand side.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4481381?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4481381?w=Customer
  • Unit Count: 3
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Property Description: Elevated
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.90714
  • Price per Sq Ft: 358.76
  • Close to Original List Price Ratio: 1.81429
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Living Room
  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Solid Surface Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer, Water Filtration System
  • Foundation Details: Stilt/On Piling
  • Levels: Two
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Street Number Modifier: 1011-1019
  • Number Of Buildings: 2

Exterior Features

  • Pool Features: Gunite, Heated, In Ground, Lighting, Pool Sweep
  • Exterior Features: Balcony, French Doors, Irrigation System, Lighting, Outdoor Grill
  • Roof: Shingle
  • Pool Private: Yes
  • View: Garden, Pool
  • Waterfront: No
  • Water Access: Beach - Public, Gulf/Ocean
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Disclosures: Lead Paint, Seller Property Disclosure

Garage/Parking

  • Carport Spaces: 8
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Covered, Driveway, Ground Level, Guest, Under Building
  • Covered Parking Spaces: 8
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Pool, Water Access
  • Association: No
  • Senior Community: No

Schools

  • Elementary School: Phillippi Shores Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0108170047
  • Additional Parcels: Yes
  • Lot Features: FloodZone, In County, Near Public Transit
  • Flood Zone Code: AE

Rental Info

  • Furnished: Turnkey
  • Minimum Lease: 1-7 Days

Multi Family

  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 22093
  • Tax Book Number: 3-88
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2020
Closed on
May 16, 2021
Sold by
Koch Michael J and Siesta Key Inn Ii Llc
Bought by
Lv7 Siesta Palms Llc
Seller's Agent
Rudy Dudon
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Ginger Wilson
COLDWELL BANKER REALTY
List Price
$1,750,000
Sold Price
$3,175,000
Premium/Discount to List
$1,425,000
81.43%
Current Estimated Value
$2,240,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$934,305
Avg. Annual Appreciation
-8.25%

Purchase Details

Closed on
Jun 23, 2020
Sold by
Koch Michael J and Muir Mary Ann
Bought by
Siesta Key Inn Ii Llc

Purchase Details

Closed on
Jul 10, 2001
Sold by
Lettvin Joan Rorimer
Bought by
Rorimer Turk Holding Co L L C

Purchase Details

Closed on
Feb 24, 1998
Sold by
Koch John and Koch Magdalene
Bought by
Koch John and Koch Magdalene

Purchase Details

Closed on
Feb 19, 1998
Sold by
Koch John and Koch John
Bought by
Koch John and Koch Magdalene

Purchase Details

Closed on
Nov 26, 1996
Sold by
Chubbuck Gregory and Chubbuck Winifred H
Bought by
Krena John

Purchase Details

Closed on
May 22, 1996
Sold by
Moore Dwight E
Bought by
Koch Michael J and Koch Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,700
Interest Rate
8.02%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lv7 Siesta Palms Llc $1,587,500 Stewart Title Company
Siesta Key Inn Ii Llc -- Attorney
Rorimer Turk Holding Co L L C -- --
Koch John -- --
Koch John -- --
Koch John -- --
Krena John $185,000 --
Koch Michael J $261,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Koch Michael J $182,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2021 05/20/21 Sold $3,175,000 -9.3% $359 / Sq Ft
03/01/2021 03/01/21 Pending -- -- --
10/19/2020 10/19/20 Price Changed $3,500,000 +100.0% $395 / Sq Ft
10/19/2020 10/19/20 For Sale $1,750,000 -- $198 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

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 $17,496 $1,438,448 -- --
2023 $17,496 $1,522,300 $966,000 $556,300
2022 $14,874 $1,188,800 $759,200 $429,600
2021 $10,746 $809,400 $475,200 $334,200
2020 $10,337 $783,000 $542,400 $240,600
2019 $10,039 $807,700 $557,400 $250,300
2018 $9,655 $803,800 $557,400 $246,400
2017 $9,557 $551,167 $0 $0
2016 $8,230 $636,000 $433,700 $202,300
2015 $7,004 $481,900 $274,800 $207,100
2014 $6,277 $357,472 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4481381

Stellar MLS

APN: 0108-17-0047