NOT LISTED FOR SALE

Estimated Value: $2,200,000 - $2,475,000

3 Beds
3 Baths
2,460 Sq Ft
$1,764/mo HOA Fee

Last Sold August 15, 2023

Last sale price $2,450,000 $996 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $16,201/month

68 Days on Market

Highlights

  • Beach Access
  • Cabana
  • Open Floorplan
  • Southside Elementary School Rated A
  • 1.12 Acre Lot
  • 2-minute walk to Ted Sperling Park

About This Home

As of August 2023

Under contract-accepting backup offers. Live the island lifestyle in Lido Key's newest luxury community, Park Residences of Lido Key. This desirable end unit is a true example of exquisite craftsmanship and superior quality construction at its best. Park Residences is home to only 18 unique owners and is perfectly situated between Sarasota Bay and the gorgeous sandy beaches of the Gulf of Mexico. This coastal contemporary, original owner home offers attractive one-level-living, an abundance of natural sunlight and boasts a full array of developer upgrades. The chef’s kitchen features imported Italian Cabinetry, Quartz countertops, Viking and Bosch stainless steel appliances, generously sized island, and a walk-in pantry offering plenty of storage space. This three bedroom and three bath home offers an oversized primary suite with two walk-in closets, a spacious full bath, double sinks, soaking tub, and an appreciable sized tiled shower. Recent improvements include high quality CORE Tec Premium floors, a new Carrier high efficiency air condition unit, and ultra quality HTP stainless steel hot water heater, and garbage disposal. The home also offers Low-E, insulated, safety impact resistant windows and doors throughout. There is also a wonderful private terrace with a summer kitchen and a built in natural gas grill. You will love the panoramic views of the 110 acre Lido Key Park Nature Reserve from almost every room. Park Residences amenities include a resort style pool, separate spa, fire pit, cabana, and a custom trellis with bbq area and seating. The residence comes with 2 reserved parking spots and a secure storage unit. The community is located within walking distance to St Armand's Circle where you can shop and dine at some of Sarasota's finest offerings. Park Residences is also located minutes to downtown Sarasota and the Sarasota Bradenton International Airport. Also of importance, the building was designed with a concrete structure and a deep foundation piling system for additional strength. Note, this unit is priced to sell quickly!!!

Last Agent to Sell the Property

Nicholle McKiernan

COLDWELL BANKER REALTY License #3562924 Listed on: 04/29/2023

COLDWELL BANKER REALTY

Co-Listed By

Patrick Dipinto, III

COLDWELL BANKER REALTY License #3207959

Last Buyer's Agent

Ryan Ackerman

COLDWELL BANKER REALTY License #0695084

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $23,069

Year Built

  • Built in 2016

Lot Details

  • Near Conservation Area
  • End Unit
  • South Facing Home
  • Landscaped
  • Irrigation

HOA Fees

  • $1,764 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Common or Shared Parking
  • Garage Door Opener
  • Secured Garage or Parking
  • Parking Garage Space
  • Deeded Parking

Home Design

  • Entry on the 2nd floor
  • Membrane Roofing
  • Concrete Siding
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,460 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wet Bar
  • High Ceiling
  • Great Room
  • Laminate Flooring
  • Park or Greenbelt Views

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Sinks
  • Private Water Closet
  • Bathtub With Separate Shower Stall
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Smart Home

Pool

  • Cabana
  • In Ground Pool
  • In Ground Spa
  • Gunite Pool
  • Pool Lighting

Outdoor Features

  • Beach Access
  • Water access To Gulf or Ocean
  • Deck
  • Covered Patio or Porch
  • Exterior Lighting
  • Gazebo
  • Outdoor Grill

Schools

  • Southside Elementary School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include pool, ground maintenance, management, trash
  • Ross Peachy Association, Phone Number (941) 376-1227
  • Park Residences Condos
  • Lido Beach Community
  • Park Residences Of Lido Key Subdivision

Amenities

  • Community Mailbox
  • Community Storage Space
  • Elevator

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets up to 35 lbs
  • Pet Size Limit
  • 2 Pets Allowed

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$23,069

Year Built

Built in 2016

Lot Details

0

HOA Fees

$1,764 per month

Parking

1

Listing Details

  • HOA Fee Includes: Pool, Maintenance Grounds, Management, Pool, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Concrete, Stucco
  • Fireplace: No
  • Living Area: 2460
  • Lot Size Acres: 1.12
  • New Construction: No
  • Year Built: 2016
  • Building Area Total: 2650
  • Lot Size Sq Ft: 48891
  • Directions to Property: 159 Taft Drive, East building. Park in visitor at front of building.
  • Status: Sold
  • Co List Office Mls Id: MFR281523571
  • Co List Office Phone: 941-388-2021
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Estimated
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 2
  • List Office Head Office Key Nume: 1046393
  • Minimum Lease: 1 Month
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 995.93
  • Total Acreage: 1 to less than 2
  • Unit Number YN: 0
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Property Description: Corner Unit
  • MFR_BedroomClosetType: Walk-in Closet
  • MFR_BedroomClosetType: Walk-in Closet
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Laminate
  • Full Bathrooms: 3
  • Interior Amenities: Elevator, High Ceilings, Open Floorplan, Smart Home, Walk-In Closet(s), Wet Bar
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Concrete Perimeter
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: In Ground
  • Spa Yn: Yes
  • Stories: 1
  • Street Number Modifier: 159
  • ResoLivingAreaSource: Builder
  • Living Area Meters: 228.54
  • Room Count: 8

Exterior Features

  • Direction Faces: South
  • Other Structures: Cabana, Gazebo
  • Pool Features: Gunite, In Ground, Lighting
  • Exterior Features: Irrigation System, Lighting, Outdoor Grill
  • Roof: Membrane
  • Home Warranty: No
  • Pool Private: Yes
  • View: Park/Greenbelt
  • Waterfront: No
  • Patio and Porch Features: Covered, Deck
  • Road Surface Type: Asphalt
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure
  • Water Access: Beach,Gulf/Ocean
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Additional Water Information: Walking distance to Lido Beach and Lido Park

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Common, Deeded, Garage Door Opener, Under Building

Utilities

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

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Community Mailbox, Pool
  • Association Amenities: Elevator(s), Pool, Spa/Hot Tub, Storage
  • Association Fee Frequency: Monthly
  • Association Name: Ross Peachy
  • Phone: 9413761227
  • Association: Yes
  • Security: Fire Sprinkler System, Secured Garage / Parking, Security System
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Complex Community Name Nccb: PARK RESIDENCES
  • Pet Restrictions: Pets only allowed for owners Pets not allowed for tenants No vicious breeds
  • Association Fee Requirement: Required
  • Building Name Number: PARK RESIDENCES LIDO KEY
  • Condo Fees: 5293
  • Condo Land Included YN: 1
  • Max Pet Weight: 35
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: Rpwisdom21@gmail.com
  • Monthly Condo Fee Amount: 1764
  • Pet Size: Medium (36-60 Lbs.)

Fee Information

  • Total Annual Fees: 21172.00
  • Total Monthly Fees: 1764.33

Schools

  • Elementary School: Southside Elementary

Lot Info

  • Zoning: WFR
  • Parcel Number: 2016151016
  • Additional Parcels: No
  • Lot Features: Conservation Area, Corner Lot, Landscaped, Sidewalk
  • Flood Zone Code: Ae
  • Homestead YN: 0
  • Lot Size Square Meters: 4542

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Size Limit
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Call Property Manager

Tax Info

  • Tax Annual Amount: 23068.96
  • Tax Block: 1
  • Tax Book Number: 43-05
  • Tax Lot: 16

Multi Family

  • Approval Process: New buyer approval needed by association

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 17, 2017
Sold by
Park Residences Development Llc
Bought by
Sinyak Hya E and Hya E Sinyak 2015 Revocable Tr
Current Estimated Value
$2,337,671
Source: Public Records

Range of Values:

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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
Sinyak Hya E $1,420,000 Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2023 08/15/23 Sold $2,450,000 -9.2% $996 / Sq Ft
07/07/2023 07/07/23 Pending -- -- --
04/29/2023 04/29/23 For Sale $2,699,000 -- $1,097 / 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 $26,123 $1,661,088 -- --
2023 $26,123 $2,158,900 $0 $2,158,900
2022 $23,069 $1,818,900 $0 $1,818,900
2021 $18,846 $1,193,100 $0 $1,193,100
2020 $18,300 $1,127,600 $0 $1,127,600
2019 $19,774 $1,223,200 $0 $1,223,200
2018 $19,611 $1,209,200 $0 $1,209,200
2017 $19,800 $1,209,200 $0 $1,209,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4568938

Stellar MLS

APN: 2016-15-1016