$4,600,000
SOLD MAY 16, 2022

1204 Derby Ln Sarasota, FL 34242

-- Bed
-- Bath
7,053 Sq Ft
0.25 Acres

Recently Sold

$652 Per Sq Ft

2% Below List Price

29 Days on Market

Highlights

  • Access To Intracoastal Waterway
  • Private Beach
  • Partial Gulf or Ocean Views
  • Phillippi Shores Elementary School Rated A
  • Heated In Ground Pool
  • Open Floorplan

About This Home

As of May 2022

Unique Investment and Vacation Rental Property in the Heart of Siesta Key! This high-end modern duplex set up as a 10 bedroom/10 bathroom vacation rental with a rare deeded private access to Siesta beach. Successful buyer will get an ideal vacation rental property with a revenue opportunity of $600K+ pa.

Duplex - built in late 2017 - has 2 units, each with a separate entrance and its own heated pool. Each unit has 3 ensuite bedrooms, 1 flex room, and a guest suite on the first floor by the pool and 4.5 bathrooms. Each unit can be rented as 5 bedrooms, 4.5 bathrooms to accommodate 10 guest groups or the whole house can be rented as 10 bedrooms, 10 bathrooms to lucrative 20+ guests groups. Duplex’s zoning as RMF2 allows amazing flexibility with daily and weekly rentals.

Units are tastefully designed with high ceilings, hurricane-resistant windows, wood-look tile flooring, designer kitchens with extra-large islands with granite countertops, high-end stainless appliances, and plenty of cabinets for storage. Each ensuite bedroom has a private bath. The primary bedroom is spacious with a spa-like bath with a freestanding tub and separate shower and access to the expansive balcony with amazing sunset views. Copy and paste to watch video with the property’s location: https://player.vimeo.com/video/671558406


Each unit also includes a private elevator and private two-car garage and plenty of outdoor parking. 2nd-floor unit is sold fully furnished and 3rd is partially furnished.
The 2nd-floor unit (5 bedrooms with pool-side suite) is top rental on VRBO / Airbnb for the last 2 years and did $200K in rental revenue in 2021. It is already fully booked through the end of July 2022 and sellers will pass all rentals to the successful buyer once the deal is closed.

Don’t miss your opportunity to acquire already proven and profitable vacation rental property in the center of Siesta Key! Start making a solid rental income on your first day as a new owner! Either manage it yourself or outsource all work to top Siesta Key vacation rental management company - the choice is yours!

Last Agent to Sell the Property

Marcia Van Ginhoven

REDFIN CORPORATION License #3517546 Listed on: 01/31/2022

REDFIN CORPORATION

Last Buyer's Agent

Jeffrey Stuben

CHARLES RUTENBERG REALTY INC License #3180446

CHARLES RUTENBERG REALTY INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,172

Year Built

  • Built in 2017

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 90x240
  • Private Beach
  • Fenced
  • Corner Lot
  • Metered Sprinkler System

Parking

  • 4 Car Attached Garage
  • Rear-Facing Garage
  • Driveway
  • Off-Street Parking

Property Views

  • Partial Bay or Harbor
  • Pool

Home Design

  • Duplex
  • Tri-Level Property
  • Turnkey
  • Slab Foundation
  • Metal Roof
  • Concrete Siding
  • Stucco

Interior Spaces

  • Walk-In Closet
  • 7,053 Sq Ft Home
  • Elevator
  • Open Floorplan
  • Built-In Features
  • Bar Fridge
  • High Ceiling
  • Window Treatments
  • Sliding Doors
  • Family Room Off Kitchen
  • Den
  • Ceramic Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Built-In Convection Oven
  • Cooktop with Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Laundry

  • Laundry Room
  • Dryer
  • Washer

Accessible Home Design

  • Accessible Doors
  • Accessible Approach with Ramp

Pool

  • Heated In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Access To Intracoastal Waterway
  • Deeded access to the beach
  • Access to Brackish Canal
  • Balcony
  • Patio
  • Outdoor Kitchen
  • Outdoor Grill
  • Rain Gutters
  • Front Porch

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Thermostat
  • Natural Gas Connected
  • Gas Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Gulf View On Little Sarasota Bay Community
  • Gulf View On Little Sarasota Bay Subdivision
  • Community features wheelchair access

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,172

Year Built

Built in 2017

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Duplex
  • Construction Materials: Concrete, Stucco
  • Fireplace: No
  • Living Area: 7053
  • Lot Size Acres: 0.25
  • New Construction: No
  • Year Built: 2017
  • Accessibility Features: Accessible Approach with Ramp, Accessible Doors
  • Lot Size Sq Ft: 10911
  • Directions to Property: Stickney Point to South Siesta Bridge, Right at Midnight Pass Road, Right on Derby Lane.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3351041?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3351041?w=Customer
  • Unit Count: 2
  • Homestead Y N: Yes
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.97872
  • Price per Sq Ft: 652.2
  • Close to Original List Price Ratio: 0.97872
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Interior Amenities: Built in Features, Eating Space In Kitchen, Elevator, High Ceiling(s), Kitchen/Family Room Combo, Master Bedroom Main Floor, Open Floorplan, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Bar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Gas Water Heater, Ice Maker, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Levels: Three Or More
  • Spa Yn: No
  • Street Number Modifier: 1204
  • Additional Rooms: Den/Library/Office
  • Number Of Buildings: 1

Exterior Features

  • Pool Features: Heated, In Ground
  • Exterior Features: Balcony, Fenced, Irrigation System, Outdoor Grill, Outdoor Kitchen, Outdoor Shower, Rain Gutters, Sidewalk, Sliding Doors, Sprinkler Metered
  • Roof: Metal
  • Pool Private: Yes
  • View: Pool, Water
  • Waterfront: No
  • Patio and Porch Features: Front Porch, Patio
  • Road Surface Type: Paved
  • Water View: Gulf/Ocean - Partial
  • Water Access: Beach - Access Deeded, Beach - Private, Canal - Brackish, Intracoastal Waterway
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 4
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Faces Rear, Off Street
  • Covered Parking Spaces: 4
  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Connected, Phone Available, Public, Sewer Available, Sewer Connected
  • Cooling: Central Air
  • Heating: Electric, Natural Gas
  • 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, Wheelchair Access
  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Schools

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

Lot Info

  • Zoning: RMF2
  • Parcel Number: 0106030008
  • Additional Parcels: No
  • Lot Features: Corner Lot
  • Lot Dimensions: 90x240
  • Flood Zone Code: AE

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: Yes
  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 32171.85
  • Tax Block: 0
  • Tax Book Number: A-59
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2022
Closed on
May 16, 2022
Sold by
Pigrukh and Mariya
Bought by
Big Bear Sheephorn Llc
Seller's Agent
Marcia Van Ginhoven
REDFIN CORPORATION
Buyer's Agent
Jeffrey Stuben
CHARLES RUTENBERG REALTY INC
List Price
$4,700,000
Sold Price
$4,600,000
Premium/Discount to List
-$100,000
-2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.76%

Purchase Details

Closed on
Feb 21, 2020
Sold by
Midnight Derby Llc
Bought by
Pigrukh Volodymyr and Pigrukh Mariya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 7, 2017
Sold by
Piercillo Justin
Bought by
Angel Kenneth C and Angel Patricia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 18, 2015
Sold by
Linden Capital Lc
Bought by
Midnight Derby Llc

Purchase Details

Closed on
Nov 11, 2013
Sold by
Kvasny Zdenek
Bought by
Linden Capital Lc

Purchase Details

Closed on
Oct 2, 2013
Sold by
Travnicek Ivo J
Bought by
Linden Capital Lc

Purchase Details

Closed on
May 19, 2008
Sold by
Intercoastal Capital Llc
Bought by
Kvasny Zdenek and Linden Capital Llc

Purchase Details

Closed on
Dec 15, 2006
Sold by
Intercoastal Capital Llc
Bought by
Glaser Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
8.03%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 21, 2006
Sold by
Intercoastal Capital Llc
Bought by
Travnicek Ivo and Kvasna Petra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
8.03%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 18, 2006
Sold by
Bradna Miroslav
Bought by
Intercoastal Capital Llc
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 Type Sale Price Title Company
Warranty Deed $4,600,000 Berlin Patten Ebling Pllc
Warranty Deed $2,850,000 Attorney
Warranty Deed $420,000 Attorney
Warranty Deed $590,000 Attorney
Warranty Deed $195,000 Lyons & Lyons Title Co Llc
Warranty Deed $65,000 Lyons & Lyons Title Company
Quit Claim Deed -- None Available
Warranty Deed $1,200,000 None Available
Warranty Deed -- Executive Title Ins Svcs Inc
Warranty Deed -- Executive Title Ins Svcs Inc
Quit Claim Deed -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,350,000 Future Advance Clause Open End Mortgage
Previous Owner $315,000 Adjustable Rate Mortgage/ARM
Previous Owner $500,000 Credit Line Revolving
Previous Owner $990,000 Negative Amortization
Previous Owner $40,000 Stand Alone Second
Previous Owner $1,760,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 For Sale $6,499,500 +41.3% $922 / Sq Ft
05/16/2022 05/16/22 Sold $4,600,000 -2.1% $652 / Sq Ft
03/01/2022 03/01/22 Pending -- -- --
01/31/2022 01/31/22 For Sale $4,700,000 -- $666 / 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 $50,948 $4,332,400 $1,103,800 $3,228,600
2023 $50,948 $4,276,100 $1,234,100 $3,042,000
2022 $39,301 $3,523,100 $1,063,400 $2,459,700
2021 $33,512 $2,657,900 $645,000 $2,012,900
2020 $26,811 $2,146,600 $696,000 $1,450,600
2019 $23,115 $1,778,600 $502,000 $1,276,600
2018 $22,558 $1,733,900 $469,900 $1,264,000
2017 $6,308 $469,900 $469,900 $0
2016 $6,529 $477,800 $477,800 $0
2015 $6,785 $481,600 $432,200 $49,400
2014 $6,420 $369,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Stellar MLS

MLS Number: T3351041

Stellar MLS

APN: 0106-03-0008