NOT LISTED FOR SALE

1224 Port Ln Sarasota, FL 34242

Estimated Value: $1,760,545 - $1,923,000

3 Beds
2 Baths
1,656 Sq Ft
$1,114/Sq Ft Est. Value

Last Sold August 16, 2024

Last sale price $2,150,000 $1,298 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $11,029/month

81 Days on Market

Highlights

  • 131 Feet of Canal Waterfront
  • Access To Intracoastal Waterway
  • Screened Pool
  • Phillippi Shores Elementary School Rated A
  • Boat Lift
  • Sauna

About This Home

As of August 2024

Located on a quiet lane on Siesta Key, this beautiful waterfront home is a RARE OPPORTUNITY TO OWN A SARASOTA SCHOOL OF ARCHITECTURE LEGACY! Designed by the Father of Sarasota School of Architecture, Ralph Twitchell, in 1960 when he had perfected his homes for Florida living. Like many homes of the era, this residence lives much larger than its square footage would imply, as there are many screened areas, breezeways, and covered spaces. Entering the home through ornamental red gates, you are in a covered foyer breezeway with a flowing koi pond beside your feet. Instantly your senses become calm as your view moves through to palm trees and sailboat water. With two distinctly different home structures (the guest area and main living area), the guest structure has 2 bedrooms and a bathroom that open to the back lanai, hot tub, second koi pond and to water views beyond. The main living area has expansive sliding glass doors and clerestory windows, exposed beams and continuous pecky cypress wood ceilings that extend outside to the beautiful pool oasis and sailboat water with views leading out to Sarasota bay. The integrity of the MID-CENTURY-MODERN aesthetics immerse you in the space with its Ocala block walls, terrazzo floors, cypress walls and inviting wood burning fireplace. The kitchen has been tastefully updated with birch cabinetry & granite counters that open to the living space with a large open bar top. There is a quaint outside screened dining patio between the kitchen and garage that opens up to views of the sky. The primary suite has maintained the mid-century modern look with many built-in closets and dressers, as well as a floating birch counter in the bathroom. There is an accessory building on the property that features a spa-Like atmosphere with cork flooring and a full size cedar sauna enclosed within the space. The southern facing pool area has an extended roof line providing sunshade, and a constant light show where sunlight reflects and dances tranquilly from the canal and pool. The shelled yard leads you to many outdoor spaces under shaded palm trees, 131’ of new seawall, a dock and boat lift. Close to Siesta Key beach accesses, and many restaurant choices just down the road, this home is a one-of-a-kind opportunity. Perfect for those who love nature, love Siesta Key, love architecture, and want to buy a piece of history!

Last Agent to Sell the Property

Michael James

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-951-6660 License #0659192 Listed on: 04/25/2024

MICHAEL SAUNDERS & COMPANY

Co-Listed By

Laurel James

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-951-6660 License #3485343

Last Buyer's Agent

Chandler South

FLORIDA LIFE TEAM LLC License #3306589

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,997

Year Built

  • Built in 1960

Lot Details

  • 0.34 Acre Lot
  • 131 Feet of Canal Waterfront
  • Property fronts a saltwater canal
  • North Facing Home
  • Dog Run
  • Mature Landscaping
  • Private Lot
  • Property is zoned RSF1

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Guest Parking

Property Views

  • Full Bay or Harbor
  • Canal

Home Design

  • Midcentury Modern Architecture
  • Slab Foundation
  • Membrane Roofing
  • Block Exterior

Interior Spaces

  • 1,656 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Sliding Doors
  • Living Room with Fireplace
  • Sauna
  • Terrazzo Flooring

Kitchen

  • Built-In Oven
  • Cooktop
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Pool

  • Screened Pool
  • Cabana
  • Saltwater Pool
  • Fence Around Pool
  • Outdoor Shower
  • Above Ground Spa

Outdoor Features

  • Access To Intracoastal Waterway
  • Access to Bay or Harbor
  • No Fixed Bridges
  • Access to Saltwater Canal
  • Seawall
  • Boat Lift
  • Dock made with Composite Material
  • Covered Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Underground Utilities
  • Electric Water Heater
  • Pep-Holding Tank
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Built by Schierloh Builders - Ralph Twitchell Architect
  • Midnight Harbor Sub Community
  • Midnight Harbor Sub Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,997

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Mid-Century Modern
  • Construction Materials: Block
  • Fireplace: Yes
  • Living Area: 1656
  • Lot Size Acres: 0.34
  • New Construction: No
  • Year Built: 1960
  • Building Area Total: 2786
  • Lot Size Sq Ft: 14786
  • Directions to Property: Midnight Pass Rd, South of Stickney Point Bridge, Turn left on Port Lane (which is directly across from Sanderling Club entrance) 3rd house on right.
  • Status: Sold
  • Co List Office Mls Id: MFR281504998
  • Co List Office Phone: 941-951-6660
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 1298.31
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 1
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Composite
  • MFR_DockYN: 1
  • MFR_DockMaintenanceFeeFrequency: N/A
  • Water Frontage Feet Canal Front: 131
  • Attribution Contact: 941-951-6660
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Living Room, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Terrazzo
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), High Ceilings, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Stone Counters
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: Above Ground
  • Spa Yn: Yes
  • Stories: 1
  • Street Number Modifier: 1224
  • ResoLivingAreaSource: Appraiser
  • Living Area Meters: 153.85
  • Room Count: 5

Exterior Features

  • Direction Faces: North
  • Other Structures: Cabana
  • Pool Features: Heated, Salt Water, Screen Enclosure
  • Exterior Features: Dog Run, Lighting, Outdoor Shower, Rain Gutters, Sauna, Sliding Doors
  • Roof: Membrane
  • Pool Private: Yes
  • View: Water
  • Water Body Name: LITTLE SARASOTA BAY
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Patio, Screened
  • Road Surface Type: Other
  • Disclosures: Lead Paint, Seller Property Disclosure
  • Water Access: Bay/Harbor,Canal - Saltwater,Intracoastal Waterway
  • Water Extras: Bridges - No Fixed Bridges,Lift,Sailboat Water,Seawall - Concrete
  • Water Extras YN: 1
  • Water View: Bay/Harbor - Partial,Canal
  • Water View YN: 1
  • Waterfront Feet Total: 131

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Guest

Utilities

  • Utilities: BB/HS Internet Available, Public, Sewer Connected, Underground Utilities, Water Connected
  • Cooling: Central Air, Zoned
  • Heating: Central, Electric
  • Laundry Features: In Garage
  • Sewer: PEP-Holding Tank, 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

Schools

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

Lot Info

  • Zoning: RSF1
  • Parcel Number: 0110120006
  • Additional Parcels: No
  • Lot Features: In County, Private, Unpaved
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 1374

Green Features

  • Green Verification Count: 0

Building Info

  • Builder Name: Schierloh Builders - Ralph Twitchell Architect

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Lease restrictions

Tax Info

  • Tax Annual Amount: 14997.2
  • Tax Book Number: 11-1
  • Tax Lot: 3

Multi Family

  • Waterfront Features: Canal - Saltwater, Canal Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2024
Closed on
Aug 16, 2024
Sold by
Russo Lisa Lynne and Lisa Lynne Russo Revocable Trust
Bought by
Theodore E Scott Revocable Trust and Scott
Seller's Agent
Michael James
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Chandler South
FLORIDA LIFE TEAM LLC
List Price
$2,850,000
Sold Price
$2,150,000
Premium/Discount to List
-$700,000
-24.56%
Views
60
Current Estimated Value
$1,844,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$305,614
Avg. Annual Appreciation
-12.69%

Purchase Details

Closed on
Jan 20, 2012
Sold by
Russo Lisa Lynne
Bought by
Russo Lisa Lynne

Purchase Details

Closed on
Nov 30, 2009
Sold by
Foe Peter
Bought by
Russo Lisa L

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
4.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 29, 2007
Sold by
Foe Peter
Bought by
Foe Peter and Roseann Knox Armstrong Trust
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
Theodore E Scott Revocable Trust $2,150,000 None Listed On Document
Russo Lisa Lynne -- Attorney
Russo Lisa L $675,000 Horizon Title Bradenton
Foe Peter -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Russo Lisa L $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2024 08/16/24 Sold $2,150,000 -20.2% $1,298 / Sq Ft
07/16/2024 07/16/24 Pending -- -- --
06/06/2024 06/06/24 Price Changed $2,695,000 -5.4% $1,627 / Sq Ft
04/25/2024 04/25/24 For Sale $2,850,000 -- $1,721 / 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 $14,997 $1,088,705 -- --
2023 $14,997 $1,459,700 $1,156,800 $302,900
2022 $13,241 $1,233,700 $983,000 $250,700
2021 $11,587 $975,100 $776,500 $198,600
2020 $9,816 $743,600 $577,800 $165,800
2019 $7,766 $618,500 $447,700 $170,800
2018 $7,682 $612,443 $0 $0
2017 $7,652 $599,846 $0 $0
2016 $7,642 $874,500 $750,600 $123,900
2015 $7,785 $661,200 $526,600 $134,600
2014 $7,759 $570,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4608447

Stellar MLS

APN: 0110-12-0006