NOT LISTED FOR SALE

Estimated Value: $1,017,000 - $1,293,000

4 Beds
4 Baths
3,188 Sq Ft
$354/Sq Ft Est. Value

Last Sold August 01, 2024

Last sale price $1,200,000 $376 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $7,091/month

296 Days on Market

Highlights

  • 65 Feet of Bay Harbor Waterfront
  • Dock has access to electricity and water
  • Deck
  • White Water Ocean Views
  • Water access To Gulf or Ocean
  • Main Floor Primary Bedroom

About This Home

As of August 2024

OWNER SAYS SELL THE PROPERTY. MAJOR PRICE REDUCTION
South Manasota Key Waterfront Duplex. This includes 4 grandfathered dock slips and includes parking spaces for up to 6 vehicles. These are spacious 2 Bedroom 2 Bath villas that are currently family owned and occupied. They have not been available for rent recently, but there is very strong demand for this type of property for short term and seasonal rentals. Vacation rentals have been the family business for many years in this area.
The structure consists of 2 separate homes each with its own private entrance. Both are 2 Bedroom 2 Baths and total about 1,600 square feet per side. Each bedroom in the home has it's own bathroom facilities, and there is a full size kitchen in each home. The home is grandfathered in the public records as a Duplex / Triplex although it is currently set up as a duplex home. The property is just minutes away from great fishing in Lemon Bay and it features direct access to the Intercoastal Waterway and the Gulf of Mexico through Stump Pass. The dock slips will accommodate boats up to 28' in length drawing as much as 42" in depth. The property is fully seawalled and features a fish cleaning station at the end of the main dock. You are sure to enjoy the waterfront patio overlooking Lemon Bay and the docks. The main home features a great room kitchen, dining room and family room which also with a great view of the waterfront. There is plenty of storage, and parking for 5 or 6 cars. This home features a deeded beach easement to a great beach that is 1 block away. If set up as an income producing property, each side should be able to generate $50,000 plus in rental income. Some repairs from Hurricane Ian are still underway.

Last Agent to Sell the Property

David Lipstein

MANASOTA KEY REALTY INC Brokerage Phone: 941-474-9534 License #310882 Listed on: 09/03/2023

Last Buyer's Agent

Bill Garrison

RE/MAX PLATINUM License #0691993

RE/MAX PLATINUM

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,050

Year Built

  • Built in 1968

Lot Details

  • 9,791 Sq Ft Lot
  • 65 Feet of Bay Harbor Waterfront
  • Property fronts a saltwater canal
  • Cul-De-Sac
  • Key Lot That May Back To Multiple Homes
  • Street terminates at a dead end
  • Dog Run
  • Irrigation

Property Views

  • White Water Ocean
  • Canal

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Membrane Roofing
  • Block Exterior
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 3,188 Sq Ft Home
  • Crown Molding
  • Ceiling Fan
  • Double Pane Windows
  • Insulated Windows
  • Shades
  • Rods
  • French Doors
  • Sliding Doors
  • Great Room
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Den
  • Inside Utility
  • Walk-Up Access
  • Attic Ventilator

Kitchen

  • Range with Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Carpet
  • Terrazzo
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Hurricane or Storm Shutters
  • High Impact Windows
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Shower
  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Access To Marina
  • Deeded access to the beach
  • No Fixed Bridges
  • Access to Saltwater Canal
  • Seawall
  • Minimum Wake Zone
  • Dock has access to electricity and water
  • Dock made with wood
  • Open Dock
  • Courtyard
  • Deck
  • Patio
  • Exterior Lighting
  • Private Mailbox
  • Rear Porch

Location

  • Flood Zone Lot
  • Flood Insurance May Be Required

Schools

  • Englewood Elementary School
  • L.A. Ainger Middle School
  • Lemon Bay High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Thermostat
  • Water Filtration System
  • Tankless Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 3,500 Sq Ft Building
  • Bay Side Estates Community
  • Bayside Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $25,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,050

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Block, Brick, Stucco, Wood Frame
  • Fireplace: No
  • Living Area: 3188
  • Lot Size Acres: 0.22
  • New Construction: No
  • Year Built: 1968
  • Building Area Total: 3500
  • Lot Size Sq Ft: 9791
  • Directions to Property: From Englewood take Beach Road to Manasota Key. Once on the Key, turn left at the traffic circle and head south on Gulf Blvd to the split in the road. bear left onto Holiday Drive - the property is on the left. No sign on the property
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1037844
  • Minimum Lease: 1-7 Days
  • RATIO Current Price By Calculate: 376.41
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 1
  • Property Description: Walk-Up
  • MFR_DockDescription: Dock - Open,Dock - Wood,Dock w/Electric,Dock w/Water Supply
  • Attribution Contact: 941-474-9534
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Terrazzo, Tile
  • Interior Amenities: Attic Ventilator, Ceiling Fans(s), Crown Molding, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Thermostat, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer, Water Filtration System
  • Foundation Details: Block, Concrete Perimeter, Slab
  • Total Bedrooms: 4
  • Levels: One
  • Window Features: Aluminum Frames, Double Pane Windows, Impact Glass/Storm Windows, Insulated Windows, Rods, Shades, Window Treatments
  • Street Number Modifier: 1375
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Den/Library/Office,Great Room,Inside Utility
  • Living Area Meters: 296.17

Exterior Features

  • Exterior Features: Courtyard, Dog Run, French Doors, Hurricane Shutters, Irrigation System, Lighting, Outdoor Shower, Private Mailbox, Sliding Doors
  • Roof: Membrane, Shingle
  • Pool Private: No
  • View: Water
  • Water Body Name: LEMON BAY
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Patio, Rear Porch
  • Road Surface Type: Asphalt
  • Disclosures: Lead Paint, Seller Property Disclosure
  • Water Access: Bay/Harbor,Beach - Access Deeded,Canal - Saltwater,Gulf/Ocean,Intracoastal Waterway,Marina
  • Water Extras: Bridges - No Fixed Bridges,Minimum Wake Zone,Seawall - Concrete
  • Water Extras YN: 1
  • Water View: Bay/Harbor - Full,Canal
  • Water View YN: 1
  • Waterfront Feet Total: 65
  • Additional Water Information: The property is situated on the middle of the 3 canals / boat basin on South Manasota Key. There are currently 4 dock slips with water and electric available. The docks need to be replaced, but only County permits are required to rebuild..
  • Water Frontage Feet Bay Harbor: 65

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Fiber Optics, Fire Hydrant, Phone Available, Sewer Connected, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric, Heat Pump
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Englewood Elementary
  • High School: Lemon Bay High
  • Middle Or Junior School: L.A. Ainger Middle

Lot Info

  • Zoning: MSF5
  • Parcel Number: 411913228001
  • Additional Parcels: No
  • Lot Features: Cul-De-Sac, Flood Insurance Required, FloodZone, In County, Key Lot, Street Dead-End
  • Flood Zone Code: 8AE
  • Homestead YN: 1
  • Lot Size Square Meters: 910

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: No current lease restrictions from any governmental agency.

Multi Family

  • Number Of Units Total: 2
  • Waterfront Features: Bay/Harbor, Canal - Saltwater
  • Approval Process: None
  • Total Num Buildings: 1
  • Unit Count: 2
  • Est Annual Market Income: 110000.00

Tax Info

  • Tax Annual Amount: 11050.27
  • Tax Book Number: 10-15
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2023
Closed on
Aug 1, 2024
Sold by
Lewis Milton L
Bought by
Xiropigado Llc
Seller's Agent
David Lipstein
MANASOTA KEY REALTY INC
Buyer's Agent
Bill Garrison
RE/MAX PLATINUM
List Price
$1,649,000
Sold Price
$1,200,000
Premium/Discount to List
-$449,000
-27.23%
Total Days on Market
296
Views
66
Current Estimated Value
$1,129,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$70,402
Avg. Annual Appreciation
-5.60%

Purchase Details

Closed on
Feb 13, 2013
Sold by
Lipstein Linda and Lipstein David
Bought by
Lewis Milton L

Purchase Details

Closed on
Aug 27, 1999
Sold by
Lewis Leslie E and Lewis Maxine A
Bought by
Lewis Leslieis E and Lewis Maxine A
Source: Public Records

Range of Values:

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Average Value
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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
Xiropigado Llc $1,200,000 Platinum Title
Lewis Milton L -- Attorney
Lewis Leslieis E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lewis Milton L $765,000
Previous Owner Lewis Leslie E $612,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2024 08/01/24 Sold $1,200,000 0.0% $376 / Sq Ft
06/26/2024 06/26/24 Pending -- -- --
06/23/2024 06/23/24 Price Changed $1,200,000 -19.9% $376 / Sq Ft
06/18/2024 06/18/24 Price Changed $1,499,000 -5.1% $470 / Sq Ft
06/03/2024 06/03/24 Price Changed $1,579,000 -4.2% $495 / Sq Ft
05/01/2024 05/01/24 For Sale $1,649,000 +37.4% $517 / Sq Ft
04/30/2024 04/30/24 Off Market $1,200,000 -- --
04/16/2024 04/16/24 Price Changed $1,649,000 -5.7% $517 / Sq Ft
09/03/2023 09/03/23 For Sale $1,749,000 -- $549 / 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
2023 $11,249 $550,948 $0 $0
2022 $11,050 $638,379 $0 $0
2021 $10,531 $577,532 $0 $0
2020 $10,172 $570,277 $0 $0
2019 $9,695 $551,724 $0 $0
2018 $8,777 $534,158 $0 $0
2017 $7,570 $484,266 $0 $0
2016 $6,794 $386,980 $0 $0
2015 $6,993 $386,980 $0 $0
2014 $7,331 $396,658 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: D6132259

Stellar MLS

APN: 411913228001