$780,000
$20K PRICE DROP

1255 E Peppertree Dr Unit 507 Sarasota, FL 34242

Estimated payment $6,043/month

Total Views 16,071
2 Beds
2 Baths
1,460 Sq Ft
$534 Price per Sq Ft

Highlights

  • 802 Feet of Waterfront
  • White Water Ocean Views
  • Fitness Center
  • Phillippi Shores Elementary School Rated A
  • Water access To Gulf or Ocean
  • Heated Pool

About This Home

Magnificent water views! It is like watching a boat parade every day! Welcome to Peppertree Bay, a sought-after beach to bay community on Siesta Key. This pristine 2-bedroom 2-bath condo has been beautifully updated to appeal to the modern discerning buyer, with clean contemporary finishes showcasing its coastal charm. Step inside to find a spacious open floor plan incorporating gorgeous wide-plank tile flooring leading to a bright and cheery kitchen with stainless-steel appliances, white shaker-style cabinetry and quartz countertops. Both baths have been stylishly remodeled with the same cabinetry and quartz countertops. You'll want to spend all day on the 29-foot lanai with its stunning views of the bay and all the beautiful wildlife that live and play there. Peppertree Bay features resort-style amenities like private beach access, two heated pools, tennis courts, pickleball courts, two clubhouses, fitness center and fishing pier. With onsite management and rental desk, this condo is the perfect coastal retreat or savvy investment. Enjoy the all new spectacular landscaping as you enter Peppertree.

Listing Agent

Ethel Lovelace

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-349-3444 License #0598345 Listed on: 05/20/2025

MICHAEL SAUNDERS & COMPANY

Co-Listing Agent

Mina Johnson

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-349-3444 License #3379013

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,294

Year Built

  • Built in 1972

Lot Details

  • 802 Feet of Waterfront
  • 400 Feet of Bay Harbor Waterfront
  • 402 Feet of Public Beach Waterfront
  • Southeast Facing Home
  • Street paved with bricks

HOA Fees

  • $1,283 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Basement Garage
  • Guest Parking
  • Assigned Parking

Property Views

  • White Water Ocean
  • Intracoastal

Home Design

  • Entry on the 5th floor
  • Built-Up Roof
  • Block Exterior
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 1,460 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Laminate
  • Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Shower Only

Laundry

  • Laundry closet
  • Dryer
  • Washer

Outdoor Features

  • Heated Pool
  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Fishing Pier
  • Deeded access to the beach
  • Outdoor Grill
  • Private Mailbox

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, common area taxes, pool, escrow reserves fund, fidelity bond, internet, maintenance structure, ground maintenance, management, pest control, private road, recreational facilities, sewer, trash, water
  • William Seeley Association, Phone Number (941) 349-7777
  • Visit Association Website
  • Peppertree Bay Community
  • Peppertree Bay I Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions
  • 6-Story Property

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Tennis Courts
  • Recreation Facilities
  • Fitness Center
  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,294

Year Built

Built in 1972

Lot Details

0

HOA Fees

$1,283 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Common Area Taxes, Pool, Escrow Reserves Fund, Fidelity Bond, Internet, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Private Road, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1460
  • Lot Size Acres: 2.23
  • New Construction: No
  • Year Built: 1972
  • Building Area Total: 1460
  • Lot Size Sq Ft: 96953
  • Directions to Property: Take Midnight Pass Road to East Peppertree Drive on bay side of road. 1255 Building. Elevator is located in the underground parking.
  • Status: Active
  • Street Direction: E
  • Co List Office Mls Id: MFR281502395
  • Co List Office Phone: 941-349-3444
  • Ownership: Condominium
  • Entry Level: 5
  • Available for Lease YN: 1
  • Escrow City: Sarasota
  • Escrow Postal Code: 34242
  • Escrow State: FL
  • Escrow Street Name: Ocean Blvd
  • Escrow Street Number: 5100
  • Floor Number: 5
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 534.25
  • Unit Number YN: 0
  • Water Access YN: 1
  • Condo Fees Term: Monthly
  • Property Description: Corner Unit,High Rise
  • Water Frontage Feet Beach: 402
  • MFR_InLawSuiteYN: 0
  • MFR_DockYN: 0
  • MFR_CommunityAssociationWaterFeatures: Bay/Harbor Front,Fishing,Gulf/Ocean Front,Intracoastal Waterway,Water Access,Waterfront
  • Attribution Contact: 941-349-3444
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Laminate, Luxury Vinyl, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 2
  • Levels: One
  • Spa Yn: No
  • Stories: 6
  • Window Features: Blinds
  • Street Number Modifier: 1255
  • Living Area Meters: 135.64
  • Room Count: 8

Exterior Features

  • Direction Faces: Southeast
  • Pool Features: Heated
  • Exterior Features: Outdoor Grill, Private Mailbox, Tennis Court(s)
  • Roof: Built-Up
  • Pool Private: No
  • View: Water
  • Water Body Name: LITTLE SARASOTA BAY
  • Waterfront: Yes
  • Road Surface Type: Brick
  • Water Access: Bay/Harbor,Beach - Access Deeded,Gulf/Ocean,Gulf/Ocean to Bay,Intracoastal Waterway
  • Water Extras: Fishing Pier
  • Water Extras YN: 1
  • Water View: Bay/Harbor - Full,Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 802
  • Water Frontage Feet Bay Harbor: 400

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Assigned, Guest, Basement

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Clubhouse, Deed Restrictions, Fitness Center, Pool, Tennis Court(s)
  • Association Amenities: Cable TV, Clubhouse, Elevator(s), Fitness Center, Pool, Recreation Facilities, Tennis Court(s)
  • Association Name: William Seeley
  • Phone: 941-349-7777
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Association Fee Requirement: None
  • Building Name Number: A
  • Condo Fees: 1283
  • Condo Land Included YN: 0
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: propmanager@peppertreebay.com
  • Monthly Condo Fee Amount: 1283
  • Association URL: https://www.peppertreebay.com
  • Management: Full Time

Fee Information

  • Total Annual Fees: 15396.00
  • Total Monthly Fees: 1283.00

Schools

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

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0106035030
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 9007

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: No
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Refer to Condo docs.

Tax Info

  • Tax Annual Amount: 7294.05
  • Tax Book Number: 5-39
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Bay/Harbor, Beach Front
  • Approval Process: Refer to Condo docs.

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $7,378 $585,100 -- $585,100
2023 $7,378 $624,900 $0 $624,900
2022 $6,715 $557,100 $0 $557,100
2021 $5,766 $438,200 $0 $438,200
2020 $5,525 $415,100 $0 $415,100
2019 $4,944 $367,600 $0 $367,600
2018 $4,933 $389,200 $0 $389,200
2017 $4,273 $309,300 $0 $309,300
2016 $4,319 $309,300 $0 $309,300
2015 $4,008 $274,700 $0 $274,700
2014 $5,468 $343,530 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2025 09/11/25 Price Changed $780,000 -2.5% $534 / Sq Ft
05/20/2025 05/20/25 For Sale $800,000 -- $548 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $400,000 --
Warranty Deed $141,500 --
Warranty Deed $141,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $300,000 No Value Available
Previous Owner $10,246 Credit Line Revolving
Previous Owner $252,500 New Conventional
Previous Owner $226,400 New Conventional
Previous Owner $25,600 Credit Line Revolving
Source: Public Records

Source: Stellar MLS

MLS Number: A4653306

Stellar MLS

APN: 0106-03-5030

Florida Sarasota County Sarasota 34242

1255 E Peppertree Dr Unit 507, Sarasota, FL

This home is located at 1255 E Peppertree Dr Unit 507, Sarasota, FL 34242 and is currently priced at $780,000, approximately $534 per square foot. This property was built in 1972. 1255 E Peppertree Dr Unit 507 is a home located in Sarasota County with nearby schools including Phillippi Shores Elementary School, Brookside Middle School, and Sarasota High School.

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.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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Ethel Lovelace
Listing Agent
Ethel Lovelace
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MICHAEL SAUNDERS & COMPANY
(941) 613-4979