Seller's Agent in 2023
Bruce Myer
COLDWELL BANKER REALTY
(941) 387-1847
249 in this area
300 Total Sales
Water Club at Longboat 1241 Gulf of Mexico Dr Unit 201 Longboat Key, FL 34228
Estimated Value: $5,161,094 - $5,736,000
5
Beds
6.5
Baths
5,225
Sq Ft
$1,783/mo
HOA Fee
Highlights
- 680 Feet of Ocean or Gulf Waterfront
- Water access To Gulf or Ocean
- Heated In Ground Pool
- Southside Elementary School Rated A
- Fitness Center
- Full Gulf or Ocean Views
About This Home
As of November 2023Welcome to a remarkable opportunity in one of the most unique communities on all of Longboat Key, with the space, privacy and ambiance of a gorgeous freestanding estate complemented by the resort-style amenities, conveniences and luxuries of a prized condominium on the Gulf. A residence of this stature that invites your style and vision is a true rarity to come available in this celebrated market, featuring 5BRs on two expansive levels and approximately 5,225 sq. ft. of sumptuous living space. Upon entry, the world-class positioning of this extraordinary residence becomes evident, as sweeping, panoramic views through floor-to-ceiling glass encompass swaying palm trees, the white sandy beach and an endless horizon beyond the sparkling Gulf of Mexico. Even more impressive, this stunning vantage is experienced on both levels, which are accessed by a grand staircase and allow for added privacy with accommodations for guests and family on each level. The lower level boasts three open terraces with front-row water views plus a stairwell walkdown leading directly to the beach. Delight in the picturesque from your sprawling upstairs master suite, which has a stately master bath with spa tub, walk-in shower and custom his and her closets. As the owner, you enjoy the ease of 2 parking spaces plus 24 hour staffed gated access, dedicated concierge staff available seven days a week and all the amenities of Water Club, including a clubhouse perfect for residents who want to host a private event or enjoy community social events, 4 lighted Har-Tru tennis courts, Junior Olympic-size pool, children’s pool, fitness center, all on 16 acres of Gulf beachfront.
Last Agent to Sell the Property
COLDWELL BANKER REALTY Brokerage Phone: 941-383-6411 License #0342109 Listed on: 04/07/2022
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $41,483
Year Built
- Built in 1996
Lot Details
- East Facing Home
- Mature Landscaping
- Landscaped with Trees
HOA Fees
- $1,783 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Garage Door Opener
Home Design
- Custom Home
- Slab Foundation
- Concrete Roof
- Concrete Siding
- Stucco
Interior Spaces
- 5,225 Sq Ft Home
- Built-In Features
- Coffered Ceiling
- High Ceiling
- Ceiling Fan
- Gas Fireplace
- Shades
- Blinds
- Drapes & Rods
- Sliding Doors
- Great Room
- Family Room Off Kitchen
- Separate Formal Living Room
- Formal Dining Room
Kitchen
- Built-In Oven
- Cooktop
- Dishwasher
- Wine Refrigerator
- Stone Countertops
- Solid Wood Cabinet
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- Primary Bedroom Upstairs
- Split Bedroom Floorplan
- Walk-In Closet
Laundry
- Laundry in unit
- Dryer
- Washer
Pool
- Heated In Ground Pool
- Heated Spa
- In Ground Spa
- Gunite Pool
Outdoor Features
- Water access To Gulf or Ocean
- Property is near a marina
- Balcony
- Deck
- Covered Patio or Porch
- Exterior Lighting
- Outdoor Storage
Location
- Property is near public transit
- Property is near a golf course
Schools
- Southside Elementary School
- Booker Middle School
- Booker High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Visit Down Payment Resource Website
- Tax Lot 201
- Assessor Parcel Number 0009112007
Community Details
Overview
- Association fees include 24-Hour Guard, cable TV, pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, management, private road, recreational facilities
- Ranita Riddle Association, Phone Number (941) 387-7719
- High-Rise Condominium
- Water Club Condos
- Water Club At Longboat Key Community
- Water Club I/Longboat Key Subdivision
- Association Owns Recreation Facilities
- The community has rules related to deed restrictions
- 11-Story Property
Recreation
- Tennis Courts
- Community Pool
Pet Policy
- Pet Size Limit
- 2 Pets Allowed
- Small pets allowed
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 7, 2022
Closed on
Nov 15, 2023
Sold by
Schwarz Rachael
Bought by
Gronwall George and Gronwall Hope
Seller's Agent
Bruce Myer
COLDWELL BANKER REALTY
Buyer's Agent
Michael Moulton
MICHAEL SAUNDERS & COMPANY
List Price
$7,500,000
Sold Price
$5,500,000
Premium/Discount to List
-$2,000,000
-26.67%
Views
8
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$90,302
Avg. Annual Appreciation
0.90%
Original Mortgage
$3,000,000
Outstanding Balance
$2,949,262
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$2,640,404
Purchase Details
Listed on
Feb 12, 2013
Closed on
Jun 27, 2013
Sold by
Smith Miriam D
Bought by
Schwarz Joseph L and Schwarz Rachael
Seller's Agent
Patrick Dipinto, III
COLDWELL BANKER REALTY
Buyer's Agent
Patrick Dipinto, III
COLDWELL BANKER REALTY
List Price
$3,995,000
Sold Price
$3,500,000
Premium/Discount to List
-$495,000
-12.39%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.44%
Purchase Details
Closed on
Jan 10, 2006
Sold by
Smith Robert F and Smith Miriam D
Bought by
Smith Miriam D and The Miriam D Smith Revocable Tr Of 1999
Purchase Details
Closed on
Sep 29, 1998
Sold by
Richards Reuben and Richards Michaela
Bought by
Smith Robert F and Smith Miriam D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
6.96%
Purchase Details
Closed on
Feb 27, 1996
Sold by
Longboat Dev Ltd Ptnr
Bought by
Richards Reuben and Richards Michaela
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.97%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gronwall George | $5,500,000 | None Listed On Document | |
| Schwarz Joseph L | $3,000,000 | Attorney | |
| Smith Miriam D | -- | Attorney | |
| Smith Robert F | $1,925,000 | -- | |
| Richards Reuben | $1,571,100 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gronwall George | $3,000,000 | |
| Previous Owner | Smith Miriam D | $2,350,000 | |
| Previous Owner | Smith Robert F | $1,200,000 | |
| Previous Owner | Richards Reuben | $500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/20/2023 11/20/23 | Sold | $5,500,000 | 0.0% | $1,053 / Sq Ft |
| 08/31/2023 08/31/23 | Price Changed | $5,500,000 | -15.3% | $1,053 / Sq Ft |
| 08/22/2023 08/22/23 | Pending | -- | -- | -- |
| 10/04/2022 10/04/22 | Off Market | $6,495,000 | -- | -- |
| 05/11/2022 05/11/22 | Price Changed | $6,495,000 | -7.1% | $1,243 / Sq Ft |
| 04/17/2022 04/17/22 | Price Changed | $6,995,000 | -6.7% | $1,339 / Sq Ft |
| 04/07/2022 04/07/22 | For Sale | $7,500,000 | +114.3% | $1,435 / Sq Ft |
| 06/27/2013 06/27/13 | Sold | $3,500,000 | -12.4% | $670 / Sq Ft |
| 05/06/2013 05/06/13 | Pending | -- | -- | -- |
| 02/12/2013 02/12/13 | For Sale | $3,995,000 | -- | $765 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 | $41,102 | $4,429,400 | -- | $4,429,400 |
| 2023 | $41,102 | $3,051,692 | $0 | $0 |
| 2022 | $40,546 | $2,962,808 | $0 | $0 |
| 2021 | $41,483 | $2,876,513 | $0 | $0 |
| 2020 | $41,969 | $2,836,798 | $0 | $0 |
| 2019 | $39,998 | $2,773,019 | $0 | $0 |
| 2018 | $39,531 | $2,721,314 | $0 | $0 |
| 2017 | $39,310 | $2,665,342 | $0 | $0 |
| 2016 | $39,265 | $2,823,300 | $0 | $2,823,300 |
| 2015 | $39,894 | $2,674,600 | $0 | $2,674,600 |
| 2014 | $39,904 | $2,822,700 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Bruce Myer
-
Michael Moulton
Buyer's Agent in 2023
Michael Moulton
Michael Saunders
(941) 928-3559
33 in this area
49 Total Sales
-
Patrick Dipinto, III
Seller's Agent in 2013
Patrick Dipinto, III
COLDWELL BANKER REALTY
(941) 323-0033
7 in this area
28 Total Sales
-
Don Vercauteren
D
Seller Co-Listing Agent in 2013
Don Vercauteren
COLDWELL BANKER REALTY
(941) 228-3894
About Water Club at Longboat
Map
Source: Stellar MLS
MLS Number: A4530550
APN: 0009-11-2007
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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