NOT LISTED FOR SALE

1281 Tree Bay Ln Sarasota, FL 34242

Estimated Value: $2,844,000 - $3,586,000

3 Beds
4.5 Baths
4,616 Sq Ft
$698/Sq Ft Est. Value

Last Sold November 12, 2021

Last sale price $2,350,000 $509 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $20,024/month

103 Days on Market

Highlights

  • White Water Ocean Views
  • Access To Intracoastal Waterway
  • Custom Home
  • Phillippi Shores Elementary School Rated A
  • In Ground Pool
  • Deck

About This Home

As of November 2021

Experience the essence of waterfront island living from this tropical Siesta Key home, located on Sarasota Bay with deeded beach access. Tucked away on the quieter south end of the key, the secluded island setting is completely private with mature plantings and sweeping water views. Custom-built to reflect a Key West meets Nantucket style, you will be enchanted by the coastal personality and open floorplan across three levels— with your own elevator to whisk you from space-to-space. Connected to the family room, a delightfully-sized kitchen allows you to play host or everyday chef with equal parts grace, and features on-trend cabinetry, gleaming countertops and appliances. A beautifully detailed living and dining room provide the ideal settings for entertaining. Retreat to the master suite, where views of the bay invite you to soak in the waterside surroundings over your morning latte. The master bath offers a soaking tub and separate shower – all with water views. Upstairs you’ll find two bedrooms with Jack and Jill bath, billiard/ media room, and office/exercise room with amazing views. Florida living is all about the outdoors, and this property simply dazzles with its resort-style pool and spa, covered dining space, and beautiful dock with kayak launch. You’ll appreciate the five-car garage and deeded beach access or head to Siesta Beach. Start living the island life at its meant to be. Just over the bridge you’ll find the endless arts and culture of Sarasota.

Last Agent to Sell the Property

Kelly Quigley

MICHAEL SAUNDERS & COMPANY License #3096483 Listed on: 07/01/2021

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Stellar Non-Member Agent

STELLAR NON-MEMBER OFFICE

STELLAR NON-MEMBER OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,797

Year Built

  • Built in 1998

Lot Details

  • 0.34 Acre Lot
  • Property fronts a private road
  • West Facing Home
  • Mature Landscaping
  • Landscaped with Trees
  • Property is zoned RSF1

HOA Fees

  • $21 Monthly HOA Fees

Parking

  • 5 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway
  • Open Parking

Property Views

  • White Water Ocean
  • Intracoastal
  • Pool

Home Design

  • Custom Home
  • Slab Foundation
  • Wood Frame Construction
  • Tile Roof
  • Block Exterior
  • Vinyl Siding

Interior Spaces

  • 4,616 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Built-In Features
  • Bar Fridge
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Shutters
  • Blinds
  • French Doors
  • Sliding Doors
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Separate Formal Living Room
  • Formal Dining Room
  • Den
  • Bonus Room
  • Inside Utility
  • Hurricane or Storm Shutters

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Travertine

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Washer

Pool

  • In Ground Pool
  • In Ground Spa
  • Outside Bathroom Access

Outdoor Features

  • Access To Intracoastal Waterway
  • Deeded access to the beach
  • Access to Bay or Harbor
  • Dock has access to water
  • Balcony
  • Deck
  • Wrap Around Porch

Location

  • Flood Zone Lot

Schools

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

Utilities

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

Community Details

  • Kathy Brown Association, Phone Number (941) 349-0401
  • Tortoise Estates Community
  • Tortoise Estates Subdivision
  • The community has rules related to deed restrictions

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,797

Year Built

Built in 1998

Lot Details

0

HOA Fees

$21 per month

Parking

5

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom
  • Construction Materials: Block, Vinyl Siding, Wood Frame
  • Fireplace: Yes
  • Living Area: 4616
  • Lot Size Acres: 0.34
  • New Construction: No
  • Year Built: 1998
  • Lot Size Sq Ft: 14677
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4505720?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4505720?w=Customer
  • Homestead Y N: Yes
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.94
  • Price per Sq Ft: 509.1
  • Close to Original List Price Ratio: 0.85455
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Gas, Family Room
  • Living Area Units: Square Feet
  • Flooring: Carpet, Travertine, Hardwood
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Interior Amenities: Built in Features, Ceiling Fans(s), Eating Space In Kitchen, Elevator, Kitchen/Family Room Combo, Master Bedroom Main Floor, Split Bedroom, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar, Window Treatments
  • Appliances Included: Bar Fridge, Built-In Oven, Dishwasher, Disposal, Electric Water Heater, Ice Maker, Microwave, Range, Refrigerator, Washer, Water Softener, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: In Ground
  • Spa Yn: Yes
  • Stories: 2
  • Window Features: Blinds, Shutters, Window Treatments
  • Room Count: 8
  • Additional Rooms: Bonus Room, Den/Library/Office, Family Room, Formal Dining Room Separate, Formal Living Room Separate, Inside Utility

Exterior Features

  • Direction Faces: West
  • Pool Features: In Ground, Outside Bath Access
  • Exterior Features: Balcony, French Doors, Hurricane Shutters, Sliding Doors
  • Roof: Tile
  • Pool Private: Yes
  • Road Frontage Type: Private Road
  • View: Pool, Water
  • Waterfront: No
  • Patio and Porch Features: Covered, Deck, Front Porch, Rear Porch, Wrap Around
  • Road Surface Type: Paved
  • Water View: Bay/Harbor - Full, Intracoastal Waterway
  • Water Access: Bay/Harbor, Beach - Access Deeded, Intracoastal Waterway
  • Water Extras: Dock w/Electric, Dock w/Water Supply
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 5
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Driveway, Garage Door Opener, Oversized
  • Covered Parking Spaces: 5
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected
  • Cooling: Central Air
  • Heating: Central
  • 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: Kathy Brown
  • Phone: 941-349-0401
  • Association: Yes
  • 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: Brookside Middle

Lot Info

  • Zoning: RSF1
  • Parcel Number: 0129090033
  • Additional Parcels: No
  • Lot Features: FloodZone, In County
  • Flood Zone Code: AE

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Minimum Lease: 1 Month
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 17797.35
  • Tax Book Number: 24-28
  • Tax Lot: 32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2021
Closed on
Nov 12, 2021
Sold by
Smith Derek and Barbara V Kelleher Trust
Bought by
Fortune 800 Sarasota Llc
Seller's Agent
Kelly Quigley
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Stellar Non-Member Agent
STELLAR NON-MEMBER OFFICE
List Price
$2,600,000
Sold Price
$2,350,000
Premium/Discount to List
-$250,000
-9.62%
Current Estimated Value
$3,223,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$873,972
Avg. Annual Appreciation
8.08%

Purchase Details

Closed on
Jan 3, 1995
Sold by
Bakondy Robert S
Bought by
Kellcher Franklin and Kellcher Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
9.26%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fortune 800 Sarasota Llc $2,350,000 Accommodation
Kellcher Franklin $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kellcher Franklin $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2021 11/12/21 Sold $2,350,000 -6.0% $509 / Sq Ft
10/12/2021 10/12/21 Pending -- -- --
10/08/2021 10/08/21 Price Changed $2,500,000 -3.8% $542 / Sq Ft
10/08/2021 10/08/21 For Sale $2,600,000 0.0% $563 / Sq Ft
10/03/2021 10/03/21 Pending -- -- --
07/28/2021 07/28/21 Price Changed $2,600,000 -5.5% $563 / Sq Ft
07/01/2021 07/01/21 For Sale $2,750,000 -- $596 / 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 $37,137 $2,870,800 $1,329,100 $1,541,700
2024 $34,335 $3,122,900 $1,257,700 $1,865,200
2023 $34,335 $2,914,700 $1,239,500 $1,675,200
2022 $31,005 $2,561,900 $1,162,000 $1,399,900
2021 $17,671 $1,427,181 $0 $0
2020 $17,797 $1,407,476 $0 $0
2019 $17,304 $1,375,832 $0 $0
2018 $17,006 $1,350,179 $0 $0
2017 $16,946 $1,322,408 $0 $0
2016 $16,955 $1,690,600 $878,900 $811,700
2015 $17,159 $1,385,500 $618,100 $767,400
2014 $17,105 $1,353,032 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4505720

Stellar MLS

APN: 0129-09-0033

Florida Sarasota County Sarasota 34242

1281 Tree Bay Ln, Sarasota, FL

Not Listed for Sale

Detached

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