NOT LISTED FOR SALE

159 Taft Dr Unit E305 Sarasota, FL 34236

Lido Key Neighborhood

Estimated Value: $2,222,000 - $2,895,000

3 Beds
3 Baths
2,460 Sq Ft
$948/mo HOA Fee

Last Sold December 15, 2021

Last sale price $2,800,000 $1,138 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $18,068/month

3 Days on Market

Highlights

  • Water Views
  • Water access To Gulf or Ocean
  • Cabana
  • Southside Elementary School Rated A
  • Public Beach
  • 2-minute walk to Ted Sperling Park

About This Home

As of December 2021

Spectacular Penthouse with 360-degree views on Lido Key and 2500 sq ft of the private rooftop terrace. This residence is being offered fully furnished and is a true example of exquisite craftsmanship, refinement, and naturescape. The Park Residences in Lido Key was designed by the renowned architectural firm of DSDG Architects and completed in 2016 with eco-friendly materials. There are 18 exclusive homes in The Park Residences of Lido Key which is located steps from the sands of Lido Beach. This exclusive community is directly across from the Gulf of Mexico and features a resort-style heated swimming pool and spa, bicycle and kayak storage, two under-building parking spaces with an additional storage room, and is overlooking the 110-acre waterfront south Lido Park Reserve. This penthouse comes fully furnished with high-end finishes chosen for style and comfort. The living room has electric blinds that open to light-filled views and floor-to-ceiling windows and doors that lead to your private balcony equipped with a gas grill. The southern view looks over the beautiful protected Lido Key Nature Reserve. This penthouse residence features an en suite master bedroom with an imported Italian floating vanity, vessel sinks, free-standing deep fill bathtub, oversized walk-in shower, and signature upgraded plumbing fixtures. Curated interior finishes include sliding barn doors to the dining area, top-of-the-line Viking and Bosch appliances, Quartz countertops, and Cucine Ricci Italian Cabinetry. The kitchen features a sizeable walk-in pantry and a separate laundry room featuring additional storage and a sink. The residence features Low E Impact Glass windows and slider doors, engineered hardwood floors throughout, and porcelain tile in the bathrooms. The two additional bedrooms feature walk-in closets and light-filled garden views and are easily converted to a study. This exclusive penthouse residence includes an expansive 2250 sq. ft. rooftop terrace with 360-degree views of Lido Key Beach and the Lido Key Park Nature Reserve. The terrace is accessed by two separate staircases on the residence floor, or by elevator. Exquisite Island Living in an elegant waterfront neighborhood, near the extravagant shopping, dining, and cultural amenities of St. Armand’s Circle.

Last Agent to Sell the Property

Judy Kepecz-Hays

COLDWELL BANKER REALTY License #0318608 Listed on: 11/12/2021

COLDWELL BANKER REALTY

Last Buyer's Agent

Judy Kepecz-Hays

COLDWELL BANKER REALTY License #0318608 Listed on: 11/12/2021

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $23,960

Year Built

  • Built in 2016

Lot Details

  • Public Beach
  • End Unit
  • South Facing Home
  • Irrigation
  • Bamboo Trees

HOA Fees

  • $948 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Oversized Parking
  • Side Facing Garage
  • Garage Door Opener
  • Secured Garage or Parking
  • Guest Parking
  • Parking Garage Space
  • Open Parking

Property Views

  • Water
  • Park or Greenbelt
  • Pool

Home Design

  • Penthouse
  • Custom Home
  • Contemporary Architecture
  • Patio Home
  • Courtyard Style Home
  • Turnkey
  • Slab Foundation
  • Concrete Roof
  • Concrete Siding

Interior Spaces

  • 2,460 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Awning
  • Insulated Windows
  • Blinds
  • Drapes & Rods
  • Sliding Doors
  • Combination Dining and Living Room
  • Storage Room
  • Security Lights

Kitchen

  • Built-In Oven
  • Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Solid Surface Countertops
  • Disposal

Flooring

  • Engineered Wood
  • Porcelain Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Cabana
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Outdoor Shower

Outdoor Features

  • Water access To Gulf or Ocean
  • Balcony
  • Wrap Around Porch
  • Exterior Lighting
  • Outdoor Storage
  • Outdoor Grill

Utilities

  • Zoned Heating and Cooling System
  • Thermostat
  • Natural Gas Connected
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include common area taxes, community pool, escrow reserves fund, gas, insurance, ground maintenance, maintenance repairs, manager, pest control, pool maintenance, recreational facilities, security, sewer, trash, water
  • Ross Peachey Association
  • Mid-Rise Condominium
  • Lido Beach Community
  • Park Residences Of Lido Key Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions
  • Rental Restrictions

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Community Pool
  • Community Spa
  • Park

Pet Policy

  • Pets up to 101 lbs
  • 2 Pets Allowed

Security

  • Security Service
  • Card or Code Access
  • Gated Community
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$23,960

Year Built

Built in 2016

Lot Details

0

HOA Fees

$948 per month

Parking

2

Listing Details

  • HOA Fee Includes: Common Area Taxes, Community Pool, Escrow Reserves Fund, Gas, Insurance, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary, Courtyard, Custom, Patio
  • Construction Materials: Concrete
  • Fireplace: No
  • Living Area: 2460
  • Lot Size Acres: 1.12
  • New Construction: No
  • Year Built: 2016
  • Building Area Total: 4900
  • Lot Size Sq Ft: 48891
  • Directions to Property: John Ringling Blvd to Ben Franklin Dr, property is on the northeast corner of Ben Franklin and Taft Dr
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4517437?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4517437?w=Customer
  • Floor Number: 3
  • Homestead Y N: No
  • Number Of Pets: 2
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Property Description: Corner Unit, End Unit, Mid Rise, Penthouse
  • Call Center Phone Number: 800 746 9464
  • Ratio: Close Price\List Price: 0.94915
  • Price per Sq Ft: 1138.21
  • Close to Original List Price Ratio: 0.94915
  • Ratio: Current Price\Building Area Total: 571.43
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Engineered Hardwood, Porcelain Tile
  • Full Bathrooms: 3
  • Interior Amenities: Built in Features, Ceiling Fans(s), Crown Molding, High Ceiling(s), Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: Three Or More
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 4
  • Window Features: Blinds, Drapes, Insulated Windows
  • Street Number Modifier: 159
  • Room Count: 8
  • Additional Rooms: Storage Rooms

Exterior Features

  • Direction Faces: South
  • Other Structures: Cabana
  • Pool Features: Heated, In Ground
  • Exterior Features: Awning(s), Balcony, Irrigation System, Lighting, Outdoor Grill, Outdoor Shower, Sidewalk, Sliding Doors, Storage
  • Roof: Concrete, Other
  • Pool Private: No
  • View: Park, Pool, Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: No
  • Patio and Porch Features: Covered, Side Porch, Wrap Around
  • Road Surface Type: Asphalt
  • Water Access: Beach - Public, Gulf/Ocean
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Additional Water Information: Park Residences of Lido Key is only seconds from the famous Lido Key Tiki Bar and allows access to Lido beach.
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Covered, Garage Door Opener, Garage Faces Side, Guest, Oversized, Under Building
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: BB/HS Internet Available, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Electric, Zoned
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Park, Pool
  • Association Amenities: Cable TV, Elevator(s), Gated, Lobby Key Required, Maintenance, Pool, Security, Spa/Hot Tub, Storage
  • Association Name: Ross Peachey
  • Association: Yes
  • Security: Fire Sprinkler System, Key Card Entry, Secured Garage/Parking, Security Lights, Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 2844
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 948
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 11376
  • Total Monthly Fees: 948

Lot Info

  • Zoning: WFR
  • Parcel Number: 2016151017
  • Additional Parcels: No
  • Flood Zone Code: AE

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: Yes
  • Pet Size: Extra Large (101+ Lbs.)
  • Max Pet Weight: 101
  • Approval Process: Condo Approval required
  • Pet Restrictions: Review Condo Rules and Regs
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Condo Approval required

Tax Info

  • Tax Annual Amount: 23960.13
  • Tax Block: 1
  • Tax Book Number: 43-05
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2021
Closed on
Dec 15, 2021
Sold by
Nunis Richard A and Nunis Mary J
Bought by
Bu Larue Real Estate Llc
Seller's Agent
Judy Kepecz-Hays
COLDWELL BANKER REALTY
Buyer's Agent
Judy Kepecz-Hays
COLDWELL BANKER REALTY
List Price
$2,950,000
Sold Price
$2,800,000
Premium/Discount to List
-$150,000
-5.08%
Current Estimated Value
$2,635,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$164,114
Avg. Annual Appreciation
-1.55%
Original Mortgage
$2,193,000
Outstanding Balance
$1,961,110
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$674,776

Purchase Details

Closed on
Feb 4, 2016
Sold by
Park Residences Development Llc
Bought by
Nunis Richard A and Nunis Mary J
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
Bu Larue Real Estate Llc $2,800,000 Attorney
Nunis Richard A $1,546,600 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bu Larue Real Estate Llc $2,193,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2021 12/15/21 Sold $2,800,000 -5.1% $1,138 / Sq Ft
11/15/2021 11/15/21 Pending -- -- --
11/12/2021 11/12/21 For Sale $2,950,000 -- $1,199 / 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 $38,226 $2,545,900 -- $2,545,900
2023 $38,226 $2,670,900 $0 $2,670,900
2022 $34,032 $2,263,700 $0 $2,263,700
2021 $24,707 $1,571,000 $0 $1,571,000
2020 $23,960 $1,482,900 $0 $1,482,900
2019 $24,166 $1,499,500 $0 $1,499,500
2018 $23,430 $1,448,700 $0 $1,448,700
2017 $23,656 $1,448,700 $0 $1,448,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4517437

Stellar MLS

APN: 2016-15-1017