NOT LISTED FOR SALE

1125 Point of Rocks Rd Sarasota, FL 34242

Estimated Value: $5,579,718

11 Beds
10 Baths
8,670 Sq Ft
$644/Sq Ft Est. Value

Last Sold January 26, 2024

Last sale price $5,475,000 $631 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $32,438/month

257 Days on Market

Highlights

  • Beach Access
  • Heated In Ground Pool
  • No HOA
  • Phillippi Shores Elementary School Rated A
  • Solid Surface Countertops
  • Gazebo

About This Home

As of January 2024

Emersed in a lush oasis-like setting, Siesta Key Inn is an enchanting experience of luxurious leisure with an island resort ambiance. The dream vacation lifestyle is a reality with full-service amenities complemented by tranquil tropical views afforded nearly every residence while being mere seconds away from the soft powdery sands of Siesta Beach. Comprised of eight one- and two-bedroom units, impeccable improvements and design aesthetics throughout meet even the highest standards. Each residence includes a full kitchen, quality finishes of Quartzite countertops, soft-close wood cabinetry, Moen and Kohler fixtures, Jacuzzi jetted tubs, upscale crown molding and LED lighting, and an inside washer and dryer to establish a true sense of home. Feel rest assured that Siesta Key Inn has been built to exceed expectation for security and comfort with prestressed concrete walls and floors with whisper mat rubber membranes between the floors, Pex plumbing, multiple tankless water heaters with natural gas and multiple electric water heaters, open-cell foam insulation in the attic, Square D electric panels, Eco-flow water filtration systems, and hurricane impact windows and doors. The property has been thoughtfully designed for you to enjoy opportunities of serene indulgence where you can lounge by the expansive pool boasting therapy jets and waterfall features, a nearby grilling area, gazebo and bike rack. To make your beach adventures all the better, there are beach chairs, umbrellas, towels and coolers to use as well. Explore the sights and attractions of Siesta Village just beyond the beach and journey over the bridge to fall in love with downtown Sarasota.

Last Agent to Sell the Property

Robert Louloudes

STARZ REAL ESTATE, LLC Brokerage Phone: 941-737-7108 License #3292289 Listed on: 03/17/2023

Last Buyer's Agent

Ginger Wilson

COLDWELL BANKER REALTY License #3236785

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,495

Year Built

  • Built in 1973

Lot Details

  • 0.36 Acre Lot
  • Irrigation

Home Design

  • Slab Foundation
  • Block Exterior

Interior Spaces

  • 8,670 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • French Doors
  • Combination Dining and Living Room
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 10 Bathrooms

Outdoor Features

  • Heated In Ground Pool
  • Beach Access
  • Water access To Gulf or Ocean
  • Exterior Lighting
  • Gazebo
  • Outdoor Grill
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

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

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 0108170056

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,495

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 8670
  • Lot Size Acres: 0.36
  • New Construction: No
  • Year Built: 1973
  • Lot Size Sq Ft: 15863
  • Directions to Property: West on Stickney Point Rd to Midnight Pass Road. Head south on Midnight Pass Road and turn right on Point of Rocks. Property will be on the right hand side.
  • Status: Sold
  • Ownership: Fee Simple
  • Escrow City: Bradenton, FL 34205
  • Escrow Postal Code: 34205
  • Escrow State: FL
  • Escrow Street Name: 8th Ave W
  • Escrow Street Number: 1401
  • List Office Head Office Key Nume: 1044610
  • RATIO Current Price By Calculate: 631.49
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 1
  • Attribution Contact: 941-737-7108
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Solid Surface Counters, Window Treatments
  • Foundation Details: Slab
  • Total Bedrooms: 11
  • Street Number Modifier: 1125
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 805.47

Exterior Features

  • Other Structures: Gazebo, Other
  • Pool Features: Heated, In Ground
  • Exterior Features: French Doors, Irrigation System, Lighting, Outdoor Grill, Rain Gutters
  • Roof: Other
  • Pool Private: Yes
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water Access: Beach,Gulf/Ocean
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2016-11-04
  • Flood Zone Panel: 12115C0206F

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0108170056
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Lot Size Square Meters: 1474

Multi Family

  • Number Of Units Total: 8
  • Total Num Buildings: 1
  • Unit Count: 3

Tax Info

  • Tax Annual Amount: 30495
  • Tax Book Number: 3-88
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2023
Closed on
Jan 26, 2024
Sold by
Louatkelly Llc
Bought by
Lv7 Sk Inn Llc
Seller's Agent
Robert Louloudes
STARZ REAL ESTATE, LLC
Buyer's Agent
Ginger Wilson
COLDWELL BANKER REALTY
List Price
$6,200,000
Sold Price
$5,475,000
Premium/Discount to List
-$725,000
-11.69%
Views
298
Current Estimated Value
$5,579,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,718

Purchase Details

Listed on
May 26, 2021
Closed on
Nov 4, 2021
Sold by
Siesta Key Inn Llc
Bought by
Louatkelly Llc and Yiv 5290 Llc
Seller's Agent
Rudy Dudon
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Constantine Stratos
COLDWELL BANKER REALTY
List Price
$4,895,000
Sold Price
$4,650,000
Premium/Discount to List
-$245,000
-5.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.60%

Purchase Details

Closed on
Jun 14, 2021
Sold by
Koch Michael J and Koch John
Bought by
Siesta Key Inn Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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 Sk Inn Llc $5,475,000 None Listed On Document
Louatkelly Llc $4,650,000 None Available
Siesta Key Inn Llc $100 Anjmy Thompson
Siesta Key Inn Llc -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Louatkelly Llc $2,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2024 01/26/24 Sold $5,475,000 -11.7% $631 / Sq Ft
12/04/2023 12/04/23 For Sale $6,200,000 +13.2% $715 / Sq Ft
11/30/2023 11/30/23 Pending -- -- --
09/24/2023 09/24/23 Off Market $5,475,000 -- --
09/24/2023 09/24/23 Pending -- -- --
09/17/2023 09/17/23 For Sale $6,200,000 0.0% $715 / Sq Ft
07/18/2023 07/18/23 Pending -- -- --
06/13/2023 06/13/23 Price Changed $6,200,000 -6.8% $715 / Sq Ft
05/17/2023 05/17/23 Price Changed $6,650,000 -5.0% $767 / Sq Ft
05/01/2023 05/01/23 Price Changed $6,999,000 -6.4% $807 / Sq Ft
04/05/2023 04/05/23 Price Changed $7,480,000 -4.1% $863 / Sq Ft
03/17/2023 03/17/23 For Sale $7,800,000 +67.7% $900 / Sq Ft
11/04/2021 11/04/21 Sold $4,650,000 -5.0% $536 / Sq Ft
08/12/2021 08/12/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $4,895,000 0.0% $565 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
05/26/2021 05/26/21 For Sale $4,895,000 -- $565 / 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 $35,663 $2,820,752 -- --
2023 $35,663 $2,972,000 $1,428,200 $1,543,800
2022 $30,495 $2,331,200 $1,324,300 $1,006,900
2021 $26,411 $1,907,700 $1,135,900 $771,800
2020 $25,138 $1,774,000 $1,135,900 $638,100
2019 $23,564 $1,675,700 $927,800 $747,900
2018 $21,776 $1,545,700 $927,800 $617,900
2017 $21,844 $1,517,332 $0 $0
2016 $20,307 $1,394,300 $960,000 $434,300
2015 $18,600 $1,204,500 $800,000 $404,500
2014 $18,145 $1,007,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4564184

Stellar MLS

APN: 0108-17-0056