NOT LISTED FOR SALE

1415 Westway Dr Sarasota, FL 34236

Estimated Value: $4,916,000 - $9,626,597

0.35 Acre
$21,599,617 Price per Acre
15,246 Sq Ft Lot

Last Sold October 27, 2020

Last sale price $3,250,000 $222 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $49,052/month

146 Days on Market

Highlights

  • 103 Feet of Waterfront
  • Community Beach Access
  • Access To Intracoastal Waterway
  • Southside Elementary School Rated A
  • White Water Ocean Views
  • Heating Available

About This Lot

As of October 2020

Rarely available waterfront estate lot on one of the most prestigious streets in all of Sarasota, Westway Drive. Dynan Construction, the award-winning custom home building company, purchased this property with a plan to build two luxury homes incorporating the newest technological standards. The original structure, once owned by singer/songwriter Bobby Vinton, was removed and the property was divided into two lots. Dynan Construction intends to team with local architects and offer the rare opportunity to design two homes on these generous size parcels. Each lot is ideal for a modern floor plan with seamless connectivity between interior and exterior spaces, with several vantage points of the nearby Gulf of Mexico. Favorable pricing is being offered on each lot if a buyer wishes to sign a contract for design and construction before the builder’s architectural design process has begun. With 103 feet of prominent water frontage, this 15,248 square-foot Lido Shores parcel not only offers sensational views but prime access to adjacent New Pass and the Gulf of Mexico just beyond. Since the rear elevation faces a frequently navigated (and pristine) waterway, the site offers heightened visibility—and with it the chance to make a bold statement with architecture and landscape design. The generous water frontage offers ample opportunity for a customized private dock with deep water access; the hardest decision for boaters will be whether to turn left (to the Gulf of Mexico) or right (to Sarasota Bay). The front elevation offers privacy and quiet, since there are only four other residences on this cul de sac. The lot is build-ready, as is the adjacent parcel of similar size. The twin lots can also be combined to create a site of generous dimensions for the luxury estate of one’s dreams. Enjoy private, gated beach access, exclusive to Westway residents, and all the advantages of a superb location. The amenities of St. Armand’s Circle are within easy walking distance, as is the 22-acre North Lido Beach Park. Longboat Key and the mainland are each literally minutes away. Rob Dynan, President of Dynan Construction, has built several of the West Coast’s most iconic residences working in tandem with the region’s top architects and interior designers. Rob has been recognized in the national press for his intense client focus and flawless construction execution. This is a unique opportunity to build a brand new waterfront home in a terrific location with award-winning design and construction, balance, privacy, and a wonderful blend of thoughtful materials that stand the test of time. See MLS listing #A4464019 for adjacent parcel at 1411 Westway Drive. *Be sure to view our listing video for aerial footage.

Last Agent to Sell the Property

Toni Zarghami

KW COASTAL LIVING III License #3283821 Listed on: 04/17/2020

KW COASTAL LIVING III

Last Buyer's Agent

Nisey Carbone

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3354083

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $39,683

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 161x103x120x35x73
  • 103 Feet of Waterfront
  • Property fronts an intracoastal waterway
  • Southeast Facing Home
  • Property is zoned RSF2

HOA Fees

  • $17 Monthly HOA Fees

Property Views

  • White Water Ocean
  • Intracoastal

Schools

  • Southside Elementary School
  • Booker Middle School
  • Booker High School

Listing and Financial Details

  • Legal Lot and Block 8 / G
  • Assessor Parcel Number 0013010004

Community Details

Overview

  • Lido Shores Community
  • Lido Shores Subdivision

Recreation

  • Community Beach Access
  • Access To Intracoastal Waterway
  • Seawall

Property Details

Property Type

Land

Est. Annual Taxes

$39,683

Lot Details

0

HOA Fees

$17 per month

Listing Details

  • Property Type: Land
  • Lot Size Acres: 0.35
  • Lot Size Sq Ft: 15248
  • Directions to Property: John Ringling Blvd to Westway Place, right on Westway to house on left.
  • Status: Sold
  • Total Acreage: 1/4 to less than 1/2
  • Ratio: Close Price\List Price: 0.90278
  • Price per Sq Ft: 213.14
  • Close to Original List Price Ratio: 0.90278
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2019
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 1415

Exterior Features

  • Direction Faces: Southeast
  • Water Body Name: New Pass
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water View: Bay/Harbor - Full, Gulf/Ocean to Bay, Intracoastal Waterway
  • Water Access: Intracoastal Waterway
  • Water Extras: Seawall - Concrete
  • Water View Y N: Yes
  • Front Footage: 108
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12115C0129F
  • Waterfront Frontage: 103
  • Water Frontage Feet I C W: 103

Garage/Parking

  • Open Parking: No

Utilities

  • Utilities: Public
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Beach Area
  • Association Fee: 200
  • Association Fee Frequency: Annually
  • Association: Yes
  • Association Fee Requirement: Optional

Fee Information

  • Total Annual Fees: 200
  • Monthly HOA Fee: 16.67
  • Total Monthly Fees: 16.67

Schools

  • Elementary School: Southside Elementary
  • High School: Booker High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: RSF2
  • Parcel Number: 0013010004
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Dimensions: 161x103x120x35x73
  • Price Per Acre: 9285714
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • For Lease Y N: No

Tax Info

  • Tax Annual Amount: 39683
  • Tax Block: G
  • Tax Book Number: 8-109
  • Tax Lot: 8

Multi Family

  • Waterfront Features: Intracoastal Waterway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2020
Closed on
Oct 27, 2020
Sold by
Dynan Construction Llc
Bought by
Herbert Westway Llc
Seller's Agent
Toni Zarghami
KW COASTAL LIVING III
Buyer's Agent
Nisey Carbone
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$3,600,000
Sold Price
$3,250,000
Premium/Discount to List
-$350,000
-9.72%
Current Estimated Value
$8,201,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,951,930
Avg. Annual Appreciation
19.60%

Purchase Details

Closed on
Dec 29, 2000
Sold by
Ruppert Sandra K
Bought by
Ruppert Sanra K

Purchase Details

Closed on
Apr 26, 1999
Sold by
Conahan James P
Bought by
Ruppert Sandra K

Purchase Details

Closed on
Sep 8, 1995
Sold by
Vinton Dolores Elizabeth
Bought by
Conahan James P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
7.76%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Herbert Westway Llc $3,250,000 Attorney
Ruppert Sanra K -- --
Ruppert Sandra K $3,100,000 --
Conahan James P $2,550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Modus Operandi Partners Llc $1,530,000
Previous Owner Conahan James P $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2020 10/27/20 Sold $3,250,000 -9.7% $222 / Sq Ft
09/10/2020 09/10/20 Pending -- -- --
04/17/2020 04/17/20 For Sale $3,600,000 -28.0% $246 / Sq Ft
01/29/2020 01/29/20 Sold $5,000,000 0.0% $341 / Sq Ft
11/21/2019 11/21/19 Pending -- -- --
04/01/2019 04/01/19 Off Market $5,000,000 -- --
03/20/2019 03/20/19 Price Changed $3,400,000 -38.2% $232 / Sq Ft
01/14/2019 01/14/19 For Sale $5,499,000 -- $375 / 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 $49,533 $6,797,155 -- --
2023 $49,533 $3,925,000 $3,875,300 $49,700
2022 $44,876 $3,469,400 $3,422,400 $47,000
2021 $37,582 $2,417,700 $2,398,400 $19,300
2020 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4464014

Stellar MLS

APN: 0013-01-0004