NOT LISTED FOR SALE

Water Club at Longboat 1241 Gulf of Mexico Dr Unit 402 Longboat Key, FL 34228

Estimated Value: $3,373,112 - $3,929,000

3 Beds
4.5 Baths
3,400 Sq Ft
$1,783/mo HOA Fee

Last Sold April 22, 2022

Last sale price $3,850,000 $1,132 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $25,564/month

2 Days on Market

Highlights

  • 1,300 Feet of Waterfront
  • Beach View
  • Public Beach
  • Southside Elementary School Rated A
  • Water access To Gulf or Ocean
  • Fitness Center

About This Home

As of April 2022

This direct Gulf front condominium offers the most outstanding view in Longboat Key's, The Water Club. The furnished Arlington floor plan has a private elevator leading to a furnished 3 bedroom/5-bathroom residence. The master suite has his and her bathrooms and a spacious walk-in closet with built-ins. The living room is a showcase for the panoramic Gulf views featuring tall ceilings and floor-to-ceiling walls of glass. The expansive kitchen includes an island and breakfast nook. The split bedroom floor plan gives extra privacy with two en-suite guest rooms and direct access to the Gulf front balcony from each. Three large sunlit terraces offer endless views of the sparkling waters of the Gulf and magnificent sunsets. The Water Club amenity package is superior to any other condo on the key. Owning here gives exclusive use of a beautifully designed Clubhouse with club room and billiard table, library with fireplace, ballroom, and private dining room, providing residents with additional living and recreational spaces. Amenities also include 4 Har-Tru tennis courts, a spa and fitness center, Olympic sized Gulf-side heated pool, 24-hour security, concierge service and magnificent grounds. Located at the south end of Longboat Key, the residence is just minutes from exclusive St. Armand's Circle, the exciting waterfront of downtown Sarasota, the many attractions, theater, and other cultural amenities of the city, and only 15 minutes to the Sarasota/Bradenton International airport.

Last Agent to Sell the Property

Michael Moulton

MICHAEL SAUNDERS & COMPANY License #0389959 Listed on: 03/28/2022

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Marcia Salkin

MICHAEL SAUNDERS & COMPANY License #0353704

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $33,206

Year Built

  • Built in 1996

Lot Details

  • Public Beach
  • End Unit
  • West Facing Home
  • Mature Landscaping

HOA Fees

  • $1,783 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Ground Level Parking
  • Guest Parking

Property Views

Home Design

  • Membrane Roofing
  • Block Exterior
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 3,400 Sq Ft Home
  • Wet Bar
  • Furnished
  • High Ceiling
  • Ceiling Fan
  • Shutters
  • Blinds
  • Sliding Doors
  • Great Room
  • Combination Dining and Living Room
  • Inside Utility
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry in unit
  • Washer

Pool

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

Outdoor Features

  • Water access To Gulf or Ocean
  • Balcony
  • Exterior Lighting

Location

  • City Lot

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, manager, pest control, pool maintenance, recreational facilities, security, sewer, trash, water
  • Water Club Association, Phone Number (941) 387-7719
  • High-Rise Condominium
  • Water Club At Longboat Key Community
  • Water Club Subdivision
  • Association Owns Recreation Facilities
  • Rental Restrictions
  • 12-Story Property

Amenities

  • Elevator

Recreation

  • Tennis Courts
  • Recreation Facilities
  • Community Pool
  • Community Spa

Pet Policy

  • Pets up to 35 lbs
  • Pet Size Limit
  • 2 Pets Allowed

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$33,206

Year Built

Built in 1996

Lot Details

0

HOA Fees

$1,783 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Other
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 3400
  • New Construction: No
  • Year Built: 1996
  • Building Area Total: 3952
  • Directions to Property: From south Longboat Key, go north on Gulf of Mexico Drive to The Water CLub on the gulf side of the road. Building 1.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4529467?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4529467?w=Customer
  • Floor Number: 4
  • Homestead Y N: No
  • Number Of Pets: 2
  • Unit Number Y N: No
  • Property Description: Corner Unit, End Unit, High Rise
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 1.1
  • Price per Sq Ft: 1132.35
  • Close to Original List Price Ratio: 1.1
  • Ratio: Current Price\Building Area Total: 974.19
  • View: Yes
  • Ownership: Condominium
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, High Ceiling(s), Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Walk-In Closet(s), Wet Bar
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Electric Water Heater, Microwave, Refrigerator, Washer
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 12
  • Window Features: Blinds, Shutters, Window Treatments
  • Street Number Modifier: 1241
  • Room Count: 5
  • Additional Rooms: Great Room, Inside Utility

Exterior Features

  • Direction Faces: West
  • Other Structures: Tennis Court(s)
  • Pool Features: Heated, In Ground, Salt Water
  • Exterior Features: Balcony, Lighting, Sliding Doors
  • Roof: Membrane
  • Pool Private: No
  • View: Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Water View: Beach, Gulf/Ocean - Full
  • Water Access: Beach - Public, Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0126F
  • Waterfront Frontage: 1300
  • Water Frontage Feet Beach Pub: 650
  • Water Frontage Feet Gulf Ocean: 650
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Fitness, Gated Community, Pool, Tennis Courts, Water Access, Waterfront
  • Association Amenities: Clubhouse, Elevator(s), Fitness Center, Gated, Lobby Key Required, Pool, Recreation Facilities, Security, Spa/Hot Tub, Tennis Court(s)
  • Association Name: Water Club
  • Phone: 941-387-7719
  • Association: Yes
  • Security: Gated Community, Security System Owned, Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 5350
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 1783
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 21400
  • Total Monthly Fees: 1783.33

Schools

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

Lot Info

  • Parcel Number: 0009112024
  • Additional Parcels: No
  • Lot Features: City Lot
  • Flood Zone Code: VE
  • Flood Zone Date: 2016-11-04

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Number Limit, Size Limit, Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 35
  • Minimum Lease: 3 Months
  • Approval Process: As per Association Rules & Regs. Application.
  • Num Timesper Year: 1
  • Pet Restrictions: Two pets up to 35lbs that can be carried comfortably in owner's arms in all corridors, lobbies and elevators as ell as other areas of the building.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: As per Association Rules & Regs.

Tax Info

  • Tax Annual Amount: 33206
  • Tax Book Number: 31-7
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Beach - Public, Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2012
Closed on
Feb 28, 2014
Sold by
Wile Martha V
Bought by
Laura Schlabach Jacobson Revocable Trust and Jacobson Laura
Seller's Agent
Michael Moulton
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Michael Moulton
MICHAEL SAUNDERS & COMPANY
List Price
$2,500,000
Sold Price
$2,300,000
Premium/Discount to List
-$200,000
-8%
Current Estimated Value
$3,751,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,451,028
Avg. Annual Appreciation
5.00%

Purchase Details

Closed on
Apr 7, 2004
Sold by
Tarsy James M and Tarsy Jean P
Bought by
Wile Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,475,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Laura Schlabach Jacobson Revocable Trust $2,300,000 Attorney
Wile Martha $2,225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Marna Anne $1,800,000
Previous Owner Wile Martha $250,000
Previous Owner Wile Martha $1,475,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2022 04/22/22 Sold $3,850,000 +10.0% $1,132 / Sq Ft
03/31/2022 03/31/22 Pending -- -- --
03/28/2022 03/28/22 For Sale $3,500,000 +52.2% $1,029 / Sq Ft
02/28/2014 02/28/14 Sold $2,300,000 -8.0% $676 / Sq Ft
01/30/2014 01/30/14 Pending -- -- --
08/28/2013 08/28/13 For Sale $2,500,000 0.0% $735 / Sq Ft
08/02/2013 08/02/13 Pending -- -- --
03/12/2012 03/12/12 For Sale $2,500,000 -- $735 / 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 $42,009 $3,187,600 -- $3,187,600
2023 $42,009 $3,089,200 $0 $3,089,200
2022 $37,817 $3,015,500 $0 $3,015,500
2021 $33,206 $2,281,100 $0 $2,281,100
2020 $32,559 $2,179,600 $0 $2,179,600
2019 $30,019 $2,061,000 $0 $2,061,000
2018 $29,045 $1,979,900 $0 $1,979,900
2017 $29,478 $1,980,000 $0 $1,980,000
2016 $30,070 $1,980,000 $0 $1,980,000
2015 $29,291 $1,875,800 $0 $1,875,800
2014 $28,402 $1,833,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4529467

Stellar MLS

APN: 0009-11-2024