NOT LISTED FOR SALE

1201 Tree Bay Ln Sarasota, FL 34242

Estimated Value: $1,803,000 - $3,932,000

4 Beds
6 Baths
5,596 Sq Ft
$437/Sq Ft Est. Value

Last Sold February 02, 2021

Last sale price $1,400,000 $250 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $15,069/month

602 Days on Market

Highlights

  • Guest House
  • Water Access
  • Heated In Ground Pool
  • Phillippi Shores Elementary School Rated A
  • Media Room
  • Partial Gulf or Ocean Views

About This Home

As of February 2021

Paradise awaits you in the quiet neighborhood of Tortoise Estates on Siesta Key. Entering through the wrought iron gate, you are invited into the warmth & charm this Italian Mediterranean estate residence offers. The lush, ivy covered entrance, leads to the beautiful courtyard & pool. Moving through the double door entry you are greeted by a stunning foyer & winding grand staircase. Everyone can be a part of the festivities in the spacious chef’s kitchen & family room or move out to the courtyard & patio for relaxing. An outdoor kitchen & dining area will spark your culinary creativity & a separate guest house offers additional privacy for your visitors. Large coral stone fireplaces are featured in the master suite & family room adding to the dramatic appeal of this property. The lower level features a custom 2000 bottle wine cellar with Subzero cooler, fitness & media room. Partial views of the gulf & deeded beach access ensure enjoyment of the white sand beaches of Siesta Key.

Last Agent to Sell the Property

Nora Johnson

MICHAEL SAUNDERS & COMPANY License #0683885 Listed on: 04/12/2019

MICHAEL SAUNDERS & COMPANY

Co-Listed By

Klaus Lang

MICHAEL SAUNDERS & COMPANY License #0641811

Last Buyer's Agent

David Butler Jr

RE/MAX ALLIANCE GROUP License #0507643

RE/MAX ALLIANCE GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,642

Year Built

  • Built in 1990

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 132x125x113x84
  • South Facing Home
  • Corner Lot
  • Fruit Trees
  • Property is zoned RSF1

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • 5 Car Attached Garage
  • Split Garage
  • Tandem Parking
  • Garage Door Opener
  • Driveway
  • Parking Garage Space
  • Open Parking
  • Off-Street Parking

Property Views

  • Partial Bay or Harbor
  • Garden
  • Pool

Home Design

  • Custom Home
  • Spanish Architecture
  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 5,596 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Separate Formal Living Room
  • Formal Dining Room
  • Media Room
  • Den
  • Bonus Room
  • Inside Utility
  • Attic Fan

Kitchen

  • Eat-In Kitchen
  • Range with Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile
  • Travertine

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • In Ground Spa
  • Saltwater Pool

Outdoor Features

  • Water Access
  • Deeded access to the beach
  • Balcony
  • Patio
  • Outdoor Kitchen
  • Exterior Lighting
  • Wrap Around Porch

Schools

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

Additional Features

  • Guest House
  • Property is near public transit
  • Central Heating and Cooling System

Community Details

  • Association fees include insurance
  • Michael Brown & Kathy Brown Association
  • Tortoise Estates Community
  • Tortoise Estates Subdivision
  • The community has rules related to deed restrictions

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,642

Year Built

Built in 1990

Lot Details

0

HOA Fees

$17 per month

Parking

5

Listing Details

  • HOA Fee Includes: Insurance
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom, Spanish/Mediterranean
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 5596
  • Lot Size Acres: 0.29
  • New Construction: No
  • Year Built: 1990
  • Building Area Total: 8119
  • Lot Size Sq Ft: 12501
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4433238?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4433238?w=Customer
  • Floor Number: 2
  • Homestead Y N: Yes
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Property Description: Corner Unit
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.8284
  • Price per Sq Ft: 250.18
  • Close to Original List Price Ratio: 0.70352
  • Ratio: Current Price\Building Area Total: 172.44
  • View: Yes
  • Co List Office Mls Id: 281502004
  • Co List Office Phone: 941-383-7591
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Gas, Family Room, Master Bedroom
  • Living Area Units: Square Feet
  • Flooring: Marble, Tile, Travertine, Hardwood
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Interior Amenities: Attic Fan, Built in Features, Ceiling Fans(s), Crown Molding, Eating Space In Kitchen, High Ceiling(s), Kitchen/Family Room Combo, Solid Wood Cabinets, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: Two
  • Spa Features: In Ground
  • Spa Yn: Yes
  • Stories: 2
  • Room Count: 9
  • Additional Rooms: Attic, Bonus Room, Den/Library/Office, Family Room, Formal Dining Room Separate, Formal Living Room Separate, Inside Utility, Media Room
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: South
  • Other Structures: Guest House, Outdoor Kitchen
  • Pool Features: Heated, In Ground, Salt Water
  • Exterior Features: Balcony, Lighting, Outdoor Kitchen
  • Roof: Tile
  • Pool Private: Yes
  • View: Garden, Pool
  • Waterfront: No
  • Patio and Porch Features: Patio, Wrap Around
  • Road Surface Type: Paved
  • Water View: Gulf/Ocean - Partial
  • Water Access: Beach - Access Deeded
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0207F
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 5
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener, Off Street, Oversized, Split Garage, Tandem, Under Building
  • Covered Parking Spaces: 5
  • Open Parking: Yes

Utilities

  • Utilities: Natural Gas Available, Public
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions
  • Association Fee: 200
  • Association Fee Frequency: Annually
  • Association Name: Michael Brown & Kathy Brown
  • Association: Yes
  • Senior Community: No
  • Association Email: michael@mb-advisory.com, kathy@mb-advisory.com
  • Association Fee Requirement: Required
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 200
  • Monthly HOA Fee: 16.67
  • Total Monthly Fees: 16.67

Schools

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

Lot Info

  • Zoning: RSF1
  • Parcel Number: 0129090023
  • Additional Parcels: No
  • Lot Features: Corner Lot, In County, Near Public Transit
  • Lot Dimensions: 132x125x113x84
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Minimum Lease: 1 Month
  • Lease Restrictions Y N: No
  • Additional Lease Restrictions: Contact Sarasota County

Tax Info

  • Tax Annual Amount: 15641.55
  • Tax Book Number: 24-28
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2025
Sold by
Spellman Larry J and Spellman Kerri A
Bought by
Das Investment Realty Trust and Spellman
Current Estimated Value
$2,447,902

Purchase Details

Closed on
Mar 25, 2022
Sold by
1201 Tree Bay Lane Llc
Bought by
Spellman Larry J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$976,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 12, 2019
Closed on
Feb 1, 2021
Sold by
Sommers Kenneth T and Sommers Marina Y
Bought by
1201 Tree Bay Lane Llc
Seller's Agent
Nora Johnson
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
David Butler Jr
RE/MAX ALLIANCE GROUP
List Price
$1,990,000
Sold Price
$1,400,000
Premium/Discount to List
-$590,000
-29.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.24%
Original Mortgage
$1,400,000
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 23, 2011
Sold by
Lea Michelle M and Lea Timothy
Bought by
Sommers Kenneth T and Sommers Marina Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 23, 2006
Sold by
Jackson Brian and Jackson Susan A
Bought by
Lea Michelle M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 2004
Sold by
Wiesen Allen E and Wiesen Janice C
Bought by
Jackson Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 30, 2001
Sold by
Kurtin Kresho and Kurtin Sheryl L
Bought by
Wiesen Allen E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Das Investment Realty Trust $100 None Listed On Document
Spellman Lawrence J $100 None Listed On Document
Spellman Larry J $963,800 Equity National Title
1201 Tree Bay Lane Llc $1,400,000 Attorney
Sommers Kenneth T $1,450,000 Attorney
Lea Michelle M $2,000,000 Attorney
Jackson Brian $1,200,000 --
Wiesen Allen E $857,500 --
Wiesen Allen E $857,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spellman Larry J $976,000
Previous Owner 1201 Tree Bay Lane Llc $1,400,000
Previous Owner Sommers Kenneth T $417,000
Previous Owner Lea Michelle M $300,000
Previous Owner Jackson Brian $960,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2021 02/02/21 Sold $1,400,000 -17.2% $250 / Sq Ft
12/04/2020 12/04/20 Pending -- -- --
07/09/2020 07/09/20 Price Changed $1,690,000 -3.4% $302 / Sq Ft
05/28/2020 05/28/20 Price Changed $1,750,000 -5.1% $313 / Sq Ft
09/03/2019 09/03/19 Price Changed $1,845,000 -7.3% $330 / Sq Ft
04/12/2019 04/12/19 For Sale $1,990,000 -- $356 / 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 $26,569 $2,085,600 $577,700 $1,507,900
2023 $26,569 $2,191,900 $546,200 $1,645,700
2022 $21,984 $1,784,100 $387,600 $1,396,500
2021 $16,227 $1,262,800 $245,300 $1,017,500
2020 $15,642 $1,189,400 $221,000 $968,400
2019 $15,934 $1,256,733 $0 $0
2018 $15,647 $1,233,300 $275,100 $958,200
2017 $15,728 $1,218,670 $0 $0
2016 $15,740 $1,313,200 $251,500 $1,061,700
2015 $16,041 $1,308,500 $242,600 $1,065,900
2014 $15,990 $1,247,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nora Johnson

    Seller's Agent in 2021

    Nora Johnson

    Michael Saunders

    (941) 809-1700

    5 in this area

    53 Total Sales

    Nora Johnson
    Section Image
  • Klaus Lang

    Seller Co-Listing Agent in 2021

    Klaus Lang

    Michael Saunders

    (941) 320-1223

    3 in this area

    36 Total Sales

    Klaus Lang
    Section Image
  • David Butler Jr

    Buyer's Agent in 2021

    David Butler Jr

    RE/MAX

    (941) 350-9503

    7 in this area

    21 Total Sales

    David Butler Jr
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4433238

Stellar MLS

APN: 0129-09-0023

Florida Sarasota County Sarasota 34242

1201 Tree Bay Ln, Sarasota, FL

Not Listed for Sale

Detached

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