NOT LISTED FOR SALE

Promenade 1211 Gulf of Mexico Dr Unit 404 Longboat Key, FL 34228

Estimated Value: $1,170,000 - $1,326,000

2 Beds
2 Baths
1,585 Sq Ft
$1,433/mo HOA Fee

Last Sold December 02, 2021

Last sale price $960,000 $606 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $9,137/month

2 Days on Market

Highlights

  • 600 Feet of Waterfront
  • Water access To Gulf or Ocean
  • Fitness Center
  • Southside Elementary School Rated A
  • Private Beach
  • Fishing

About This Home

As of December 2021

South Longboat Key luxury building on the beach that is in high demand for rental throughout the year if you choose to live here part-time. This turnkey-furnished, beautiful Promenade condominium has wonderful Gulf and bay views. Enjoy the beach views during the day, and at night take in the sparkling downtown Sarasota skyline. Balcony access from major rooms, new wood flooring in the main living areas and recently updated guest and primary baths in this split, open plan. Promenade Condominium consists of 112 units, and the lobby and corridors have been beautifully renovated. Promenade Condominium is comprised of 6.5 acres of park-like property situated on the Gulf of Mexico. It has one of the largest pools on the key and a lovely spa overlooking the beach. Four Har-Tru tennis courts are available for day and evening play. There are lush, tropical grounds for the owners and guests to enjoy. There are over 600 feet of health club facilities. The party rooms, the Sunrise Room and Sunset Room are always available for private parties, special events and get-togethers of all types. The Promenade is a gated community with 24-hour security. Their full-service concierge staff is available seven days a week. The in-house maintenance and housekeeping staff keep the property in tip-top shape.

Last Agent to Sell the Property

Jackie Kleppinger

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3104453 Listed on: 10/12/2021

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Andrew Tanner

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3437759

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,422

Year Built

  • Built in 1985

Lot Details

  • Private Beach
  • Southwest Facing Home
  • Condo Land Included

HOA Fees

  • $1,433 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Garage Space

Property Views

Home Design

  • Florida Architecture
  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 1,585 Sq Ft Home
  • Wet Bar
  • Furnished
  • Built-In Features
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room
  • Inside Utility
  • Basement

Kitchen

  • Range
  • Dishwasher
  • Solid Surface Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Security Gate

Outdoor Features

  • Outdoor Shower
  • Water access To Gulf or Ocean
  • Deeded access to the beach
  • Deck
  • Exterior Lighting
  • Outdoor Storage
  • Outdoor Grill

Location

  • Flood Zone Lot
  • Property is near a golf course

Schools

  • Southside Elementary School
  • Booker Middle School
  • Booker High School

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include common area taxes, community pool, insurance, maintenance structure, ground maintenance, pool maintenance, recreational facilities, security, sewer, trash, water
  • Promenade Concierge Association
  • Visit Association Website
  • Promenade Community
  • Promenade Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions
  • Rental Restrictions
  • 11-Story Property

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Fishing

Pet Policy

  • No Pets Allowed

Security

  • Security Service
  • Card or Code Access
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,422

Year Built

Built in 1985

Lot Details

0

HOA Fees

$1,433 per month

Parking

1

Listing Details

  • HOA Fee Includes: Common Area Taxes, Community Pool, Insurance, Maintenance Structure, Maintenance Grounds, Pool Maintenance, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Florida
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1585
  • New Construction: No
  • Year Built: 1985
  • Building Area Total: 1775
  • Directions to Property: Gulf of Mexico Drive to 1211 Promenade on Gulf side of road
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4512513?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4512513?w=Customer
  • Floor Number: 4
  • Homestead Y N: No
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Subdivision Num: 78950
  • Call Center Phone Number: 800-746-9464
  • Ratio: Close Price\List Price: 1.01053
  • Price per Sq Ft: 605.68
  • Close to Original List Price Ratio: 1.01053
  • Ratio: Current Price\Building Area Total: 540.85
  • View: No
  • Ownership: Condominium
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Hardwood
  • Full Bathrooms: 2
  • Interior Amenities: Built in Features, Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Walk-In Closet(s), Wet Bar, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Refrigerator, Washer
  • Foundation Details: Basement
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 11
  • Window Features: Blinds
  • Street Number Modifier: 1211
  • Room Count: 3
  • Additional Rooms: Inside Utility

Exterior Features

  • Direction Faces: Southwest
  • Other Structures: Tennis Court(s)
  • Exterior Features: Lighting, Outdoor Grill, Outdoor Shower, Sliding Doors, Storage, Tennis Court(s)
  • Roof: Built-Up
  • Pool Private: No
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Patio and Porch Features: Deck
  • Road Surface Type: Asphalt
  • Water View: Bay/Harbor - Partial, Gulf/Ocean - Partial, Gulf/Ocean to Bay
  • Water Access: Beach - Access Deeded, Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Waterfront Frontage: 600
  • Water Frontage Feet Beach Prvt: 300
  • Water Frontage Feet Gulf Ocean: 300

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Covered, Under Building
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Fishing, Fitness, Gated Community, Pool, Tennis Courts, Water Access
  • Association Amenities: Cable TV, Clubhouse, Elevator(s), Fitness Center, Gated, Lobby Key Required, Maintenance, Pool, Security, Storage, Tennis Court(s)
  • Association Name: Promenade concierge
  • Association: Yes
  • Security: Gated Community, Key Card Entry, Security Gate, Security Lights, Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 4300
  • Condo Fees Term: Quarterly
  • Association Website: promenadelbk.com
  • Association Email: concierge@1211pcoa.com
  • Condo Land Included Y N: Yes
  • Monthly Condo Fee Amount: 1433
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 17200
  • Total Monthly Fees: 1433.33

Schools

  • Elementary School: Southside Elementary
  • High School: Booker High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: MUC3
  • Parcel Number: 0009111040
  • Additional Parcels: No
  • Lot Features: FloodZone, In County, Near Golf Course
  • Flood Zone Code: VE
  • Flood Zone Date: 2021-09-11

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Minimum Lease: 3 Months
  • Approval Process: See Approval Process
  • Num Timesper Year: 2
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See Lease Restrictions

Tax Info

  • Tax Annual Amount: 9421.53
  • Tax Book Number: 25-1
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Beach - Private, Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2023
Sold by
Klotter David E and Klotter Ammie L
Bought by
Klotter David E and Klotter David E
Current Estimated Value
$1,220,555

Purchase Details

Listed on
Oct 12, 2021
Closed on
Dec 2, 2021
Sold by
Massa Andy and Massa Nancy
Bought by
Klotter David E and Klotter Ammie L
Seller's Agent
Jackie Kleppinger
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Andrew Tanner
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$950,000
Sold Price
$960,000
Premium/Discount to List
$10,000
1.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.40%

Purchase Details

Listed on
Oct 15, 2012
Closed on
Apr 10, 2013
Sold by
Brennan Lynn and Brandolini Lynn
Bought by
Massa Andy and Massa Nancy
List Price
$659,000
Sold Price
$640,000
Premium/Discount to List
-$19,000
-2.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.80%

Purchase Details

Closed on
Jun 19, 2009
Sold by
Brennolini Realty Llc
Bought by
Brennan Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,000
Interest Rate
5.53%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 15, 2007
Sold by
Farber Aileen E
Bought by
Brennolini Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$398,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 2, 1999
Sold by
Silverberg Bernard and Silverberg Frances
Bought by
Farber Aileen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.81%
Source: Public Records

Range of Values:

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Average Value
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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
Klotter David E $100 --
Klotter David E $960,000 Attorney
Massa Andy $640,000 Sunbelt Title Agency
Brennan Lynn $461,500 Attorney
Brennolini Realty Llc $698,000 Attorney
Farber Aileen E $428,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brennan Lynn C $342,000
Previous Owner Brennolini Realty Llc $398,000
Previous Owner Farber Aileen E $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2021 12/02/21 Sold $960,000 +1.1% $606 / Sq Ft
10/14/2021 10/14/21 Pending -- -- --
10/12/2021 10/12/21 For Sale $950,000 +48.4% $599 / Sq Ft
04/15/2013 04/15/13 Sold $640,000 -0.6% $404 / Sq Ft
03/29/2013 03/29/13 Pending -- -- --
03/13/2013 03/13/13 Price Changed $644,000 -0.8% $406 / Sq Ft
01/10/2013 01/10/13 Price Changed $649,000 -1.5% $409 / Sq Ft
10/15/2012 10/15/12 For Sale $659,000 -- $416 / 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 $12,647 $943,000 -- $943,000
2023 $12,647 $928,500 $0 $928,500
2022 $11,516 $816,500 $0 $816,500
2021 $9,861 $660,500 $0 $660,500
2020 $9,422 $614,200 $0 $614,200
2019 $9,035 $641,475 $0 $0
2018 $7,638 $541,871 $0 $0
2017 $7,530 $530,726 $0 $0
2016 $7,514 $657,900 $0 $657,900
2015 $7,474 $547,500 $0 $547,500
2014 $7,471 $437,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4512513

Stellar MLS

APN: 0009-11-1040