NOT LISTED FOR SALE

Water Club at Longboat 1241 Gulf of Mexico Dr Unit 408 Longboat Key, FL 34228

Estimated Value: $2,459,586 - $2,951,000

3 Beds
3 Baths
2,965 Sq Ft
$1,617/mo HOA Fee

Last Sold February 10, 2022

Last sale price $2,200,000 $742 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $18,091/month

74 Days on Market

Highlights

  • 680 Feet of Public Beach Waterfront
  • White Water Ocean Views
  • Fitness Center
  • Southside Elementary School Rated A
  • Water access To Gulf or Ocean
  • Heated In Ground Pool

About This Home

As of February 2022

WOW ON THE BEACH- Beautifully updated and tastefully furnished residence at The Water Club. 3 bedroom 3 bath with a bonus office room that includes a murphy bed. The office can be used as a fourth bedroom. As you step out of your private elevator, you're welcomed into the living room and dining room area with walls of glass and views of both Sarasota Bay and the Gulf of Mexico. Enjoy your oversized terrace accessed from the living room, perfect for dining al fresco, like a candlelight dinner with Gulf breezes. Stunning sunset views and beautiful evening lights across Sarasota Bay. This custom-designed end corner residence has the best exposure for these flowthrough views. Create new memories that last a lifetime here in paradise. Natural light fills most rooms'. The lavish master suite pampers owners with its private terrace, views of the Gulf, updated bathroom, and a walk-in closet. The guest suite is at the opposite end of the residence, with a walk-in closet and a classic en-suite bathroom with marble floors. The kitchen offers a bounteous granite countertop for the chefs to create culinary delights. It has a center island, a more than overgenerous breakfast area with views of the Sarasota skyline, and a lushly landscaped garden. Features include a private elevator foyer, double door entry, Travertine marble floors in the main living area. A spacious & open plan: breathtaking sunrise and sunset views. Enjoy the miles of pristine beaches and resort-style living! The Water Club is an exceptionally well-run community with a substantial reserve fund. It has a magnificent two-story clubhouse, the social hub with a European-style spa and fitness center.
The Club Room has a billiard table, library with fireplace, A ballroom that can accommodate at least 100 guests for a wedding with a sunset lounge and private beverage lockers. Amenities include; impeccable concierge services, guard gate, Olympic-sized heated pool, and Har-Tru tennis courts. This sought-after community is centrally located, minutes from St. Armand's Circle and downtown Sarasota. Also, minutes to Publix, CVS phenomenal restaurants, Opera, Theaters, 45 holes of golf, and the 2nd largest marina on the west coast. Bonus: Water Club is pet-friendly, 2 small pets are welcome. Room Feature: Linen Closet In Bath (Primary Bedroom).

Last Agent to Sell the Property

Judy Kepecz-Hays

COLDWELL BANKER REALTY Brokerage Phone: 941-383-6411 License #0318608 Listed on: 10/21/2021

COLDWELL BANKER REALTY

Last Buyer's Agent

Denise Mei

MICHAEL SAUNDERS & COMPANY License #3253049

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,964

Year Built

  • Built in 1996

Lot Details

  • East Facing Home
  • Mature Landscaping

HOA Fees

  • $1,617 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Garage Door Opener

Property Views

  • Garden

Home Design

  • Custom Home
  • Mediterranean Architecture
  • Slab Foundation
  • Concrete Roof
  • Concrete Siding
  • Stucco

Interior Spaces

  • 2,965 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Drapes & Rods
  • Sliding Doors
  • Combination Dining and Living Room
  • Bonus Room
  • Sauna

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Travertine

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

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

Outdoor Features

  • Water access To Gulf or Ocean
  • Property is near a marina
  • Balcony
  • Wrap Around Porch
  • Exterior Lighting
  • Outdoor Storage
  • Outdoor Grill

Location

  • Flood Zone Lot
  • Property is near a golf course

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-Hour Guard, common area taxes, pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, management, pest control, private road, recreational facilities, security, sewer, trash, water
  • Water Club 01 At Longboat Key Subdivision, Dover Floorplan
  • Water Club At Longboat Key Community
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions

Amenities

  • Community Storage Space
  • Elevator

Recreation

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

Pet Policy

  • Pets up to 35 lbs
  • 2 Pets Allowed

Security

  • Security Service
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,964

Year Built

Built in 1996

Lot Details

0

HOA Fees

$1,617 per month

Parking

1

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Common Area Taxes, Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Private Road, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Custom, Mediterranean
  • Construction Materials: Concrete, Stucco
  • Fireplace: No
  • Living Area: 2965
  • Lot Size Acres: 2.11
  • New Construction: No
  • Year Built: 1996
  • Building Area Total: 3399
  • Lot Size Sq Ft: 91755
  • Directions to Property: Gulf of Mexico Dr to West into Water Club entrance. Past the guard gate proceed to the South building.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 4
  • List Office Head Office Key Nume: 1046393
  • Minimum Lease: 3 Months
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 741.99
  • Unit Number YN: 0
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Property Description: Corner Unit,High Rise
  • Water Frontage Feet Beach: 680
  • MFR_CommunityAssociationWaterFeatures: Water Access,Waterfront
  • Attribution Contact: 941-383-6411
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Travertine
  • Full Bathrooms: 3
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, Elevator, High Ceilings, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Open Floorplan, Split Bedroom, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: Three Or More
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 1
  • Window Features: Blinds, Drapes
  • Street Number Modifier: 1241
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Bonus Room
  • Living Area Meters: 275.46
  • Room Count: 5

Exterior Features

  • Direction Faces: East
  • Other Structures: Tennis Court(s)
  • Pool Features: Heated, In Ground
  • Exterior Features: Balcony, Lighting, Outdoor Grill, Sauna, Sidewalk, Sliding Doors, Storage, Tennis Court(s)
  • Roof: Concrete
  • Pool Private: No
  • View: Garden, Water
  • Water Body Name: GULF OF MEXICO
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Wrap Around
  • Road Surface Type: Asphalt
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure
  • Water Access: Gulf/Ocean
  • Water Extras YN: 0
  • Water View: Bay/Harbor - Full,Beach,Gulf/Ocean - Partial
  • Water View YN: 1
  • Waterfront Feet Total: 680
  • Additional Water Information: Longboat Key
  • Water Frontage Feet Beach Pub: 680

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Public, Underground Utilities, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Fitness Center, Gated, Pool, Tennis Courts
  • Association Amenities: Clubhouse, Elevator(s), Fitness Center, Gated, Maintenance, Pool, Recreation Facilities, Sauna, Security, Spa/Hot Tub, Storage, Tennis Court(s)
  • Association: No
  • Senior Community: No
  • Association Approval Required YN: 1
  • Pet Restrictions: Two pets (small dog and/or cat) which when fully grown can be carried comfortably in its Owner's arms in all corridors, lobbies and elevators and other areas of the Building.
  • Building Name Number: WATER CLUB
  • Condo Fees: 4850
  • Condo Land Included YN: 0
  • Max Pet Weight: 35
  • Montly Maint Amt Addition To HOA: 0
  • Monthly Condo Fee Amount: 1617
  • Pet Size: Small (16-35 Lbs.)

Fee Information

  • Total Annual Fees: 19400.00
  • Total Monthly Fees: 1616.67

Lot Info

  • Parcel Number: 0009112030
  • Additional Parcels: No
  • Lot Features: FloodZone, Near Golf Course, Near Marina, Sidewalk, Private
  • Flood Zone Code: VE
  • Homestead YN: 0
  • Lot Size Square Meters: 8524
  • Zoning Compatible YN: 1

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Tenants are not allowed pets

Tax Info

  • Tax Annual Amount: 15964.24
  • Tax Book Number: 31-7
  • Tax Lot: 408

Multi Family

  • Waterfront Features: Beach Front
  • Approval Process: Applications, fee and approval

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2021
Closed on
Feb 10, 2022
Sold by
Mass and Terry
Bought by
Rbsc Properties Llc
Seller's Agent
Judy Kepecz-Hays
COLDWELL BANKER REALTY
Buyer's Agent
Denise Mei
MICHAEL SAUNDERS & COMPANY
List Price
$2,250,000
Sold Price
$2,200,000
Premium/Discount to List
-$50,000
-2.22%
Current Estimated Value
$2,614,897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$414,897
Avg. Annual Appreciation
7.41%

Purchase Details

Closed on
May 22, 2009
Sold by
Freedman Harris and Freedman Annalies
Bought by
Mass Lawrence and Mass Terry

Purchase Details

Closed on
May 21, 2009
Sold by
Freedman Harris and Freedman Annelies
Bought by
Lavin Jerome

Purchase Details

Closed on
May 28, 1996
Sold by
Sigal Roland L and Sigal Doris
Bought by
Freedman Harris and Freedman Annelies

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
7.93%
Source: Public Records

Range of Values:

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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
Rbsc Properties Llc $22,000 Msc Title
Mass Lawrence $1,100,000 Attorney
Lavin Jerome $55,000 Attorney
Freedman Harris $740,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Freedman Harris $1,090,000
Previous Owner Freedman Harris $250,000
Previous Owner Freedman Harris $945,000
Previous Owner Freedman Harris $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2022 02/10/22 Sold $2,200,000 -2.2% $742 / Sq Ft
01/03/2022 01/03/22 Pending -- -- --
12/30/2021 12/30/21 For Sale $2,250,000 0.0% $759 / Sq Ft
12/28/2021 12/28/21 Pending -- -- --
12/03/2021 12/03/21 Price Changed $2,250,000 -4.3% $759 / Sq Ft
10/21/2021 10/21/21 For Sale $2,350,000 -- $793 / 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 $28,045 $2,085,000 -- $2,085,000
2023 $28,045 $2,051,600 $0 $2,051,600
2022 $19,993 $1,697,000 $0 $1,697,000
2021 $16,302 $1,109,000 $0 $1,109,000
2020 $15,964 $1,058,100 $0 $1,058,100
2019 $19,228 $1,310,000 $0 $1,310,000
2018 $18,599 $1,257,800 $0 $1,257,800
2017 $18,920 $1,257,900 $0 $1,257,900
2016 $19,297 $1,257,900 $0 $1,257,900
2015 $18,607 $1,191,600 $0 $1,191,600
2014 $22,583 $1,165,230 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4515609

Stellar MLS

APN: 0009-11-2030