NOT LISTED FOR SALE

1258 Tree Bay Ln Sarasota, FL 34242

Estimated Value: $1,191,000 - $1,986,000

4 Beds
3 Baths
2,556 Sq Ft
$597/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $1,055,000 $413 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $9,393/month

331 Days on Market

Highlights

  • Water Access
  • Screened Pool
  • Cathedral Ceiling
  • Phillippi Shores Elementary School Rated A
  • Custom Home
  • Engineered Wood Flooring

About This Home

As of May 2021

Looking for that island lifestyle? Idyllically located on the southern end of world-famous Siesta Key in Tortoise Estates, this residence sits on a quiet street with neighborhood beach access, maybe just what you had in mind. Thoughtfully updated and meticulously maintained, this home offers hurricane protection and a natural gas 25Kw generator designed to power the entire house in case of a power outage. The tumbled marble walls and accents, granite windowsills, custom woodwork, and 10-foot ceilings are just some of the features that make this home special. The formal and informal living spaces border the large open kitchen to create the perfect balance between privacy and open concept living. The kitchen features custom cabinetry, stainless steel appliances, natural gas cooktop, pantry, bar seating, and a large breakfast area that opens to the screened and walled lanai and pool area. The adjacent family room boasts a custom-made floor-to-ceiling wood bookshelf and access to an additional private walled patio. The master suite includes a beautifully designed master bathroom, walk-in closet, sitting area, and access to the lanai and pool. The other three bedrooms and two bathrooms are located on the opposite side of the home providing ample privacy for family or guests. Covered and uncovered seating areas, sunshades, heated saltwater swimming pool, spa, and paver deck highlight the very private walled lanai. The furniture is also included in the sale of this home. For boating enthusiasts, the Turtle Bay Marina is just around the corner. See Matterport link for floor plan and 360 views of every room.

Last Agent to Sell the Property

Joel Schemmel

DOUGLAS ELLIMAN License #3060476 Listed on: 05/20/2020

DOUGLAS ELLIMAN

Last Buyer's Agent

Sandra Rubinstein

BERKSHIRE HATHAWAY HOMESERVICE License #3229011

BERKSHIRE HATHAWAY HOMESERVICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,257

Year Built

  • Built in 1992

Lot Details

  • 0.31 Acre Lot
  • East Facing Home
  • Mature Landscaping
  • Landscaped with Trees
  • Property is zoned RSF1

HOA Fees

  • $21 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Open Parking

Home Design

  • Custom Home
  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,556 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Family Room
  • Formal Dining Room
  • Inside Utility
  • Pool Views
  • Attic Ventilator

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Engineered Wood
  • Porcelain Tile
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Pool

  • Screened Pool
  • Heated Lap Pool
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Saltwater Pool
  • Fence Around Pool
  • Outdoor Shower
  • Outside Bathroom Access
  • Fiber Optic Pool Lighting

Outdoor Features

  • Water Access
  • Deeded access to the beach
  • Enclosed Patio or Porch
  • Exterior Lighting

Schools

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

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • Kathleen J. Brown Association, Phone Number (513) 319-4821
  • Tortoise Estates Community
  • Tortoise Estates Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,257

Year Built

Built in 1992

Lot Details

0

HOA Fees

$21 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 2556
  • Lot Size Acres: 0.31
  • New Construction: No
  • Year Built: 1992
  • Building Area Total: 3812
  • Lot Size Sq Ft: 13359
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4467344?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4467344?w=Customer
  • Floor Number: 1
  • Homestead Y N: Yes
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Call Center Phone Number: 800-746-9464
  • Ratio: Close Price\List Price: 0.97235
  • Price per Sq Ft: 412.75
  • Close to Original List Price Ratio: 0.97235
  • Ratio: Current Price\Building Area Total: 276.76
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Engineered Hardwood, Porcelain Tile
  • Full Bathrooms: 3
  • Interior Amenities: Attic Ventilator, Cathedral Ceiling(s), Ceiling Fans(s), Crown Molding, High Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 1
  • Window Features: Blinds, Window Treatments
  • Room Count: 9
  • Additional Rooms: Family Room, Formal Dining Room Separate, Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: East
  • Pool Features: Fiber Optic Lighting, Gunite, Heated, In Ground, Lap, Outside Bath Access, Salt Water, Screen Enclosure
  • Exterior Features: Hurricane Shutters, Lighting, Outdoor Shower, Sliding Doors
  • Roof: Tile
  • Pool Private: Yes
  • View: Pool
  • Waterfront: No
  • Patio and Porch Features: Covered, Enclosed, Patio, Screened, Side Porch
  • Road Surface Type: Paved
  • Water Access: Beach - Access Deeded
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0207F
  • Disclosures: Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Public, Sewer Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Water Access
  • Association Fee: 250
  • Association Fee Frequency: Annually
  • Association Name: Kathleen J. Brown
  • Phone: 513-319-4821
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association Fee Requirement: Required
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 250
  • Monthly HOA Fee: 20.83
  • Total Monthly Fees: 20.83

Schools

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

Lot Info

  • Zoning: RSF1
  • Parcel Number: 0129090037
  • Additional Parcels: No
  • Lot Features: In County
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Minimum Lease: 1 Month
  • Approval Process: None
  • Num Timesper Year: 12
  • Pet Restrictions: None
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: None

Tax Info

  • Tax Annual Amount: 5257
  • Tax Book Number: 24-28
  • Tax Lot: 40

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2020
Closed on
May 28, 2021
Sold by
Quicker Michael J and Quicker Diana E
Bought by
Honig Marc A and Honig Barbara K
Seller's Agent
Joel Schemmel
DOUGLAS ELLIMAN
Buyer's Agent
Sandra Rubinstein
BERKSHIRE HATHAWAY HOMESERVICE
List Price
$1,085,000
Sold Price
$1,055,000
Premium/Discount to List
-$30,000
-2.76%
Current Estimated Value
$1,526,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$471,708
Avg. Annual Appreciation
8.48%
Original Mortgage
$548,250
Outstanding Balance
$407,983
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,118,725

Purchase Details

Closed on
Jul 28, 1993
Sold by
Quicker Michael J and Quicker Diana E
Bought by
Fortune Bk

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
7.39%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Honig Marc A $1,055,000 Florida Ttl & Guarantee Agcy
Fortune Bk -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Honig Marc A $548,250
Previous Owner Fortune Bk $118,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2021 05/28/21 Sold $1,055,000 -2.8% $413 / Sq Ft
04/16/2021 04/16/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $1,085,000 0.0% $424 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
03/25/2021 03/25/21 For Sale $1,085,000 0.0% $424 / Sq Ft
03/18/2021 03/18/21 Pending -- -- --
05/20/2020 05/20/20 For Sale $1,085,000 -- $424 / 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
2025 $16,378 $1,192,900 $626,100 $566,800
2024 $15,754 $1,336,522 -- --
2023 $15,754 $1,377,700 $615,300 $762,400
2022 $12,433 $1,006,200 $435,800 $570,400
2021 $5,239 $421,388 $0 $0
2020 $5,257 $415,570 $0 $0
2019 $5,088 $406,227 $0 $0
2018 $4,977 $398,653 $0 $0
2017 $4,956 $390,453 $0 $0
2016 $4,977 $657,100 $298,200 $358,900
2015 $5,067 $610,000 $244,900 $365,100
2014 $5,049 $371,182 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4467344

Stellar MLS

APN: 0129-09-0037