NOT LISTED FOR SALE

Estimated Value: $943,000 - $1,394,558

3 Beds
2.5 Baths
2,183 Sq Ft
$1,303/mo HOA Fee

Last Sold January 12, 2024

Last sale price $1,350,000 $618 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $8,846/month

5 Days on Market

Highlights

  • 170 Feet of Bayou Waterfront
  • Dock made with wood
  • Full Bay or Harbor Views
  • Southside Elementary School Rated A
  • Access to Bay or Harbor
  • 2 Acre Lot

About This Home

As of January 2024

Residence 403 at Riggs Landing offers the rare combination of waterfront living in downtown Sarasota with the peaceful privacy and feel of a single family home. Boasting nearly 2200 square feet of indoor living space, 3 bedrooms accompanied by 2.5 baths, and 3 incredible separate balconies surrounding all sides of the residence, this unique property is now available. Located on the top floor of the 9-unit condominium, you will be amazed at the water views of Hudson Bayou that span in all directions. Soaring vaulted ceilings capture an abundance of natural light. Upon entering the foyer, you’ll know this isn’t a typical condominium. The hallway leading to the living area is perfect to showcase your art and provides the first vista of the water. The living room offers ample space for seating, a gas fireplace, and spectacular views of the waterway. The kitchen is its own escape. With windows all around allowing several different perspectives of the water, you could spend all day just in this room. Some features are granite counters, stainless appliances, and a significant amount of cabinetry for storage. The primary bedroom is located on the opposite side of the home from the guest rooms providing maximum privacy. Waking up and seeing the peaceful flowing water from your bed is what the Florida lifestyle is all about. A double entry walk-in closet along with 2 separate vanities gives you all the space you need. The comfortably sized second and third bedrooms have access to separate balconies and provide their own tropical views. The powder bath is perfect for when you are entertaining. A full-sized laundry room is an added bonus. The main balcony can only be described as stunning. With a very rare feature of a built-in gas grill, ample seating and direct views in all directions of Hudson Bayou, this is what you’ve been waiting for. Whether sipping coffee watching the manatees swim by in the morning, or enjoying cocktails at sunset, you’ll enjoy this balcony for hours. There is also an oversized heated community pool located right on the waterfront. As if this wasn’t enough, there is a day dock located on-site. You can use it to fish, jump on a friend’s boat, or stop back home while you’re out on the water. This unit also has 2 covered parking spaces which is a huge bonus for downtown urban living. There is also elevator access to all floors from the parking area. With the ability to walk across the street to newly revitalized Selby gardens, Bayfront Park, or everything else that downtown Sarasota has to offer, this is truly the lifestyle that you have been waiting for and deserve. The upscale Hillview district offering boutique shopping, trendy dining, Morton's gourmet market, and many outdoor events is only a short stroll away as well. Don't miss out on this unique opportunity.

Last Agent to Sell the Property

Keith Redding

WILLIAM RAVEIS REAL ESTATE Brokerage Phone: 941-894-1255 License #3265817 Listed on: 11/16/2023

WILLIAM RAVEIS REAL ESTATE

Last Buyer's Agent

Midge McCarthy

RE/MAX ALLIANCE GROUP License #0684949

RE/MAX ALLIANCE GROUP

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,260

Year Built

  • Built in 1985

Lot Details

  • 170 Feet of Bayou Waterfront
  • Property fronts a canal with brackish water
  • End Unit
  • Street terminates at a dead end
  • North Facing Home
  • Mature Landscaping

HOA Fees

  • $1,303 Monthly HOA Fees

Property Views

  • Full Bay or Harbor
  • Bayou
  • City
  • Canal

Home Design

  • Florida Architecture
  • Entry on the 4th floor
  • Slab Foundation
  • Metal Roof
  • Stucco

Interior Spaces

  • 2,183 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Gas Fireplace
  • Shutters
  • Sliding Doors

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Covered Parking
  • Guest Parking
  • On-Street Parking
  • 2 Assigned Parking Spaces

Outdoor Features

  • Access to Bay or Harbor
  • Access To Bayou
  • Access to Brackish Canal
  • Dock made with wood
  • Open Dock
  • Balcony
  • Courtyard
  • Covered Patio or Porch
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

Community Details

Overview

  • Association fees include pool, escrow reserves fund, gas, maintenance structure, ground maintenance, management, trash
  • Salvatore Muno Association, Phone Number (941) 377-3419
  • Visit Association Website
  • Riggs Landing Community
  • Riggs Landing Subdivision
  • The community has rules related to deed restrictions

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Community Pool

Pet Policy

  • Pets up to 35 lbs
  • 2 Pets Allowed
  • Dogs and Cats Allowed
  • Breed Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,260

Year Built

Built in 1985

Lot Details

0

HOA Fees

$1,303 per month

Listing Details

  • HOA Fee Includes: Pool, Escrow Reserves Fund, Gas, Maintenance Structure, Maintenance Grounds, Management, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Florida
  • Construction Materials: Stucco
  • Fireplace: Yes
  • Living Area: 2183
  • Lot Size Acres: 2
  • New Construction: No
  • Year Built: 1985
  • Building Area Total: 2808
  • Lot Size Sq Ft: 86000
  • Directions to Property: From US 41, south on Osprey, to west on Bay St. Complex is on the left. You can park on the street in front of the building or in the parking area guest spaces under the building in front of the gate to the pool.
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 4
  • List Office Head Office Key Nume: 210470960
  • Minimum Lease: 1-2 Years
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 618.42
  • Total Acreage: 2 to less than 5
  • Unit Number YN: 0
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Property Description: End Unit
  • MFR_NumAssignedParkingSpaces: 2
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Open,Dock - Wood
  • MFR_DockYN: 1
  • MFR_DockMaintenanceFee: 0
  • MFR_DockMaintenanceFeeFrequency: N/A
  • MFR_CommunityAssociationWaterFeatures: Canal Front,Dock,Fishing,Water Access,Waterfront
  • Attribution Contact: 941-894-1255
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Gas
  • Living Area Units: Square Feet
  • Flooring: Carpet, Wood
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Eat-in Kitchen, High Ceilings, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 1
  • Window Features: Shutters
  • Street Number Modifier: 1762
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 202.81
  • Room Count: 9

Exterior Features

  • Direction Faces: North
  • Exterior Features: Balcony, Courtyard, Lighting, Outdoor Grill, Sliding Doors
  • Roof: Metal
  • Pool Private: No
  • View: City, Water
  • Water Body Name: HUDSON BAYOU
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Porch, Rear Porch, Side Porch
  • Road Surface Type: Asphalt, Paved
  • Disclosures: Condominium Disclosure Available
  • Water Access: Bay/Harbor,Bayou,Canal - Brackish
  • Water Extras YN: 0
  • Water View: Bay/Harbor - Partial,Bayou,Canal
  • Water View YN: 1
  • Waterfront Feet Total: 170
  • Water Frontage Feet Bayou: 170

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Assigned, Covered, Guest, On Street

Utilities

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

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Pool
  • Association Amenities: Elevator(s), Pool, Storage
  • Association Name: Salvatore Muno
  • Phone: (941) 377-3419 e
  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: See docs
  • Building Name Number: RIGGS LANDING
  • Condo Fees: 3910
  • Condo Land Included YN: 1
  • Max Pet Weight: 35
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: Email: smuno@cscmsi.com
  • Monthly Condo Fee Amount: 1303
  • Pet Size: Small (16-35 Lbs.)
  • Association URL: www.cscmsi.com

Fee Information

  • Total Annual Fees: 15640.00
  • Total Monthly Fees: 1303.33

Lot Info

  • Zoning: RMF3
  • Parcel Number: 2036071009
  • Additional Parcels: No
  • Lot Features: City Limits, Street Dead-End
  • Flood Zone Code: AE
  • Homestead YN: 1
  • Lot Size Square Meters: 7990

Rental Info

  • Pets Allowed: Breed Restrictions, Cats OK, Dogs OK, Number Limit
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: See docs

Tax Info

  • Tax Annual Amount: 10259.66
  • Tax Book Number: 1744-234
  • Tax Lot: 1

Multi Family

  • Waterfront Features: Bayou, Canal - Brackish
  • Approval Process: See docs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2023
Closed on
Jan 12, 2024
Sold by
Mairead P Kehoe 2016 Revocable Trust
Bought by
Orla Oreilly Hazra And Sanat Hazra Joint Trus and Hazra
Seller's Agent
Keith Redding
WILLIAM RAVEIS REAL ESTATE
Buyer's Agent
Midge McCarthy
RE/MAX ALLIANCE GROUP
List Price
$1,450,000
Sold Price
$1,350,000
Premium/Discount to List
-$100,000
-6.9%
Views
18
Current Estimated Value
$1,252,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$97,860
Avg. Annual Appreciation
-4.26%

Purchase Details

Listed on
Aug 22, 2018
Closed on
Nov 29, 2018
Sold by
Stipp Scott L and Stipp Michael R
Bought by
Kehoe Mairead P and Mairead P Kehoe 2016 Revocable
Seller's Agent
Tama Traberman
Buyer's Agent
Keith Redding
WILLIAM RAVEIS REAL ESTATE
List Price
$899,000
Sold Price
$860,000
Premium/Discount to List
-$39,000
-4.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.21%

Purchase Details

Closed on
May 25, 2000
Sold by
Stipp John S and Stipp Janet M
Bought by
Stipp Janet Marie

Purchase Details

Closed on
Jan 27, 1999
Sold by
Norman Gordon K
Bought by
Stipp John S and Stipp Janet M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.72%
Source: Public Records

Range of Values:

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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
Orla Oreilly Hazra And Sanat Hazra Joint Trus $1,350,000 None Listed On Document
Kehoe Mairead P $860,000 Attorney
Stipp Janet Marie -- --
Stipp John S $360,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stipp John S $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/12/2024 01/12/24 Sold $1,350,000 -6.9% $618 / Sq Ft
11/22/2023 11/22/23 Pending -- -- --
11/16/2023 11/16/23 For Sale $1,450,000 +68.6% $664 / Sq Ft
11/29/2018 11/29/18 Sold $860,000 -4.3% $394 / Sq Ft View Prior Sale
10/05/2018 10/05/18 Pending -- -- --
08/22/2018 08/22/18 For Sale $899,000 -- $412 / 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 $10,548 $1,071,300 -- $1,071,300
2023 $10,548 $726,994 $0 $0
2022 $10,260 $705,819 $0 $0
2021 $10,337 $685,261 $0 $0
2020 $10,454 $675,800 $0 $675,800
2019 $11,079 $677,800 $0 $677,800
2018 $0 $678,400 $0 $678,400
2017 $8,265 $533,297 $0 $0
2016 $8,330 $661,900 $0 $661,900
2015 $8,454 $603,400 $0 $603,400
2014 $8,444 $506,975 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4589323

Stellar MLS

APN: 2036-07-1009