$3,162,500
SOLD APR 12, 2021

118 48th St Holmes Beach, FL 34217

4 Beds
5.5 Baths
3,339 Sq Ft
10,001 Sq Ft Lot

Recently Sold

$947 Per Sq Ft

10% Below List Price

132 Days on Market

Highlights

  • Water Views
  • Cabana
  • Open Floorplan
  • Anna Maria Elementary School Rated A-
  • New Construction
  • Contemporary Architecture

About This Home

As of April 2021

NEW COASTAL CONTEMPORARY HOME IS EVERYTHING YOU COULD WANT IN A BEACH HOUSE. THIS STUNNING 4 BED, 5.5 BATH PROPERTY IS LOCATED BEACH BLOCK WITH ONLY A 1 MINUTE WALK TO THE SAND. UNIQUE ARCHITECTURAL FEATURES INCLUDE: BACKLIT FLOATING IPE WALL IN FRONT ENTRANCE, POMPEII QUARTZ WATERFALL ISLAND, ELEVATOR WITH ACCESS TO ALL LEVELS INCLUDING ROOFTOP DECK, CUSTOM LED LIGHTING ACCENTING CABINETRY AND MOLDING. THE FIRST LEVEL FEATURES AN OVERSIZED OPEN CONCEPT LIVING, DINING AND KITCHEN AREA OVERLOOKING THE RESORT STYLE POOL AND SPA. KITCHEN OFFERS EUROPA URBAN CABINETRY, GE CAFÉ APPLIANCES INCLUDING A SIX BURNER GAS STOVE AND PANEL REFRIGERATOR. A PANTRY/LAUNDRY AREA IS CONVENIENTLY LOCATED OFF KITCHEN AS WELL AS A HALF BATH. THE SECOND LEVEL OFFERS 2 EN SUITES WITH CUSTOM TILE AND A GALLERY WITH A SPIRAL STAIRCASE LEADING TO THE POOL AREA. THE THIRD LEVEL FEATURES A GATHERING AREA WITH WET BAR AND PRIVATE BALCONY OVERLOOKING THE OUTDOOR AREA. AN OVERSIZED MASTER SUITE OVERLOOKS THE POOL AND SPA AS WELL AND FEATURES A WET ROOM WITH SOAKING TUB AND FLOATING VANITY CABINETS AND MIRRORS. AND ADDITIONAL SUITE COMPLETES THIS LEVEL. THE FOURTH LEVEL IS A SPACIOUS ROOF TOP DECK WITH VIEWS OF THE GULF AND THE SUNSHINE SKYWAY BRIDGE-PERFECT FOR SUNSET VIEWING. THE OUTDOOR AREA IS ACCENTED BY THE OVERSIZED POOL WITH SWIM UP BAR AND SPA, COMPLETE WITH A 75 SMART TV AND SOUNDBAR FOR ENTERTAINING. LARGE OPEN DECKS OFFER PLENTY OF SPACE AND INCLUDE AN OUTDOOR KITCHEN AND POOL BATH WITH SHOWER. A GRASSY AREA OFFERS SPACE FOR OUTDOOR GAMES. THIS PROPERTY IS ONE OF A KIND AND WOULD BE THE PERFECT BEACH RETREAT. PROXIMITY TO THE BEACH ALSO OFFERS GREAT RENTAL POTENTIAL AS WELL.

Last Agent to Sell the Property

Trevor Bayer

ANNA MARIA ISLAND BEACHES RE License #3234953 Listed on: 10/28/2020

Co-Listed By

Greg Bayer

ANNA MARIA ISLAND BEACHES RE License #3217281

Last Buyer's Agent

Holly Switow

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3208771

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,425

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 10,001 Sq Ft Lot
  • South Facing Home
  • Vinyl Fence
  • Mature Landscaping
  • Oversized Lot
  • Irrigation
  • Property is zoned R2

Parking

  • 2 Car Attached Garage

Property Views

  • Water
  • Pool

Home Design

  • Contemporary Architecture
  • Bi-Level Home
  • Turnkey
  • Slab Foundation
  • Stem Wall Foundation
  • Wood Frame Construction
  • Metal Roof
  • Block Exterior

Interior Spaces

  • 3,339 Sq Ft Home
  • Elevator
  • Open Floorplan
  • Wet Bar
  • Bar Fridge
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Combination Dining and Living Room
  • Den
  • Loft
  • Porcelain Tile

Kitchen

  • Cooktop with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Pool

  • Cabana
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Saltwater Pool
  • Outdoor Shower
  • Outside Bathroom Access
  • Pool Lighting

Outdoor Features

  • Balcony
  • Covered patio or porch
  • Exterior Lighting

Location

  • City Lot

Schools

  • Anna Maria Elementary School
  • Martha B. King Middle School
  • Manatee High School

Utilities

  • Central Heating and Cooling System
  • Mini Split Air Conditioners
  • Heating System Uses Propane
  • Gas Water Heater
  • High Speed Internet

Community Details

  • Jones Sub Community
  • Jones Sub Subdivision

Listing and Financial Details

  • Legal Lot and Block 3 / 22
  • Assessor Parcel Number 7412400009

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,425

Year Built

Built in 2020 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary
  • Property Description: Elevated
  • Construction Materials: Block, Wood Frame
  • Living Area: 3339.00
  • Lot Size Acres: 0.23
  • New Construction: Yes
  • Year Built: 2020
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4481872?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4481872?w=Customer
  • Lot Size Sq Ft: 10001
  • Directions to Property: FROM MANATEE AVE GO NORTH ON GULF DRIVE TO 48TH THEN TURN LEFT HOME IS DOWN ON THE RIGHT.
  • Escrow State: FL
  • List Office Head Office Key Nume: 1044447
  • Status: Sold
  • Tax Year: 2020
  • Special Features: NewHome

Interior Features

  • Room Count: 3
  • Living Area Units: Square Feet
  • Additional Rooms: Den/Library/Office, Loft
  • Flooring: Porcelain Tile
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), Crown Molding, Elevator, High Ceiling(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar, Window Treatments
  • Appliances Included: Bar Fridge, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab, Stem Wall
  • Total Bedrooms: 4
  • Levels: Two
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Living Area Meters: 310.20
  • Street Number Modifier: 118

Exterior Features

  • Direction Faces: South
  • Other Structures: Cabana
  • Pool Features: Gunite, Heated, In Ground, Lighting, Outside Bath Access, Salt Water
  • Exterior Features: Balcony, Fenced, Irrigation System, Lighting, Outdoor Shower
  • Roof: Metal
  • Flood Zone Code: AE
  • Flood Zone Date: 03/17/2014
  • Flood Zone Panel: 12081C0139E
  • Pool Private: Yes
  • View: Pool, Water
  • Patio and Porch Features: Covered, Front Porch, Patio, Rear Porch

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Utilities: BB/HS Internet Available, Public
  • Cooling: Central Air, Mini-Split Unit(s)
  • Heating: Central, Electric, Propane
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • S W Subdiv Community Name: Jones Sub

Schools

  • Elementary School: Anna Maria Elementary
  • Middle School: Martha B. King Middle
  • High School: Manatee High
  • Elementary School: Anna Maria Elementary
  • High School: Manatee High
  • Middle Or Junior School: Martha B. King Middle

Lot Info

  • Total Acreage: 0 to less than 1/4
  • Zoning: R2
  • Parcel Number: 7412400009
  • Fencing: Vinyl
  • Lot Features: In City Limits, Oversized Lot
  • Lot Size Square Meters: 929

Rental Info

  • Minimum Lease: 1 Week
  • Additional Lease Restrictions: SEE CITY OF Holmes Beach VACATION RENTAL ORDINANCE
  • Furnished: Turnkey
  • Lease Restrictions: Yes
  • Pets Allowed: Yes

Tax Info

  • Tax Annual Amount: 9424.73
  • Tax Block: 22
  • Tax Book Number: 1-176
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2020
Closed on
Apr 12, 2021
Sold by
48 Street Llc
Bought by
Bokor Andrew R and Moss Lisa A
Seller's Agent
Trevor Bayer
ANNA MARIA ISLAND BEACHES RE
Buyer's Agent
Holly Switow
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$3,495,000
Sold Price
$3,162,500
Premium/Discount to List
-$332,500
-9.51%
Current Estimated Value
$4,211,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,048,833
Avg. Annual Appreciation
7.47%
Original Mortgage
$2,000,000
Outstanding Balance
$1,825,200
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$2,489,450

Purchase Details

Closed on
Nov 27, 2017
Sold by
Buonagura Mary E
Bought by
48 Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000,000
Interest Rate
3.94%
Mortgage Type
Balloon
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $3,162,500 Attorney
Warranty Deed $802,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,000,000 New Conventional
Previous Owner $10,000,000 Balloon
Previous Owner $15,900 Unknown
Previous Owner $504,150 Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2021 04/12/21 Sold $3,162,500 -9.5% $947 / Sq Ft
03/09/2021 03/09/21 Pending -- -- --
10/28/2020 10/28/20 For Sale $3,495,000 -- $1,047 / 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 $55,030 $3,803,693 $1,275,000 $2,528,693
2023 $53,226 $3,745,339 $1,190,000 $2,555,339
2022 $29,317 $2,932,616 $700,000 $2,232,616
2021 $29,317 $1,774,800 $600,000 $1,174,800
2020 $9,425 $540,000 $540,000 $0
2019 $8,650 $520,000 $520,000 $0
2018 $11,796 $682,866 $520,000 $162,866
2017 $8,629 $560,345 $0 $0
2016 $8,288 $531,352 $0 $0
2015 $7,304 $493,443 $0 $0
2014 $7,304 $464,741 $0 $0
2013 $6,957 $436,488 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4481872

Stellar MLS

APN: 74124-0000-9