$1,072,000
SOLD APR 22, 2019

L'Elegance 1800 Benjamin Franklin Dr Unit PH-A-05 Sarasota, FL 34236

Lido Key Neighborhood
2 Beds
2 Baths
1,350 Sq Ft
$949/mo HOA Fee

Recently Sold

$794 Per Sq Ft

29% Below List Price

160 Days on Market

Highlights

  • 1,620 Feet of Waterfront
  • Beach View
  • Fitness Center
  • Southside Elementary School Rated A
  • Beach Access
  • Penthouse

About This Home

As of November 2022

PRICE REDUCTION!! Welcome home to your Penthouse Paradise on the beach. Located in Lido Key’s wonderful L’Elegance this newly renovated home has a casual mix of modern and classic sophistication, with the Gulf of Mexico as your picturesque backdrop. The moment you step inside the 10-foot high floor to ceiling sliding glass doors provide breathtaking panoramic views of Lido’s south beach. Whether you are entertaining with friends in this comfortable open floor plan or enjoying the sunset and warm gulf breezes with a beverage on your private balcony, you are sure to feel at home. The kitchens contemporary cabinetry and quartz countertops complement the exposed concrete column beautifully, making this kitchen the heart of the home. The split floor plan offers two bedrooms each with balcony access and amazing Gulf views. At the end of the day relax in your master bathroom limestone soaking tub. Duel Sinks and a walk in closet finish out this contemporary bathroom. With luxurious facilities, amenities and onsite management team the L elegance building has it all: 24/7 guard gated access, updated lobby & event space, Olympic sized pool and spa steps away from Lido’s sandy beach, fitness center, sauna, two tennis courts and a community room. Whether you are looking for a vacation home or a year round home, this is it. Fully furnished and ready for you.

Last Agent to Sell the Property

Naomi Fisher

License #3253085 Listed on: 10/19/2018

Last Buyer's Agent

Beth Helvey

MICHAEL SAUNDERS & COMPANY License #3290719

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,924

Year Built

  • Built in 1996

Lot Details

  • West Facing Home

HOA Fees

  • $949 Monthly HOA Fees

Parking

  • 1 Car Garage

Property Views

Home Design

  • Penthouse
  • Built-Up Roof
  • Block Exterior
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 1,350 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Shades
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room
  • Inside Utility
  • Security Gate

Kitchen

  • Built-In Oven
  • Cooktop with Range Hood
  • Freezer
  • Dishwasher
  • Wine Refrigerator
  • Solid Surface Countertops
  • Disposal

Flooring

  • Engineered Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool

Outdoor Features

  • Beach Access
  • Water access To Gulf or Ocean

Utilities

  • Central Air
  • Heat Pump System
  • Thermostat
  • Tankless Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, common area taxes, community pool, escrow reserves fund, maintenance structure, ground maintenance, manager, pest control, pool maintenance, recreational facilities, sewer
  • High-Rise Condominium
  • L Elegance On Lido Beach Community
  • L Elegance On Lido Beach Subdivision
  • Association Owns Recreation Facilities
  • Rental Restrictions
  • Community features wheelchair access
  • 11-Story Property

Recreation

Pet Policy

  • Pets up to 101 lbs
  • 2 Pets Allowed

Additional Features

  • Gated Community
  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,924

Year Built

Built in 1996

Lot Details

0

HOA Fees

$949 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Sewer
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1350
  • New Construction: No
  • Year Built: 1996
  • Directions to Property: John Ringling Blvd west to Ben Franklin Drive, follow the road to the south end of Lido. Condo is on the Gulf Side of the road. After the guard gate pull left and park by the tennis courts. Thank you for showing!
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=U8021605&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=U8021605&cview=true&show_results=true&customer_portal=true
  • Floor Number: 11
  • Homestead Y N: No
  • Number Of Pets: 2
  • Unit Number Y N: No
  • Property Description: High Rise, Penthouse
  • Ratio: Close Price\List Price: 0.91234
  • Price per Sq Ft: 794.07
  • Close to Original List Price Ratio: 0.71467
  • View: Yes
  • Ownership: Condominium
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Engineered Hardwood, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Elevator, High Ceiling(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Freezer, Range Hood, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 2
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 11
  • Window Features: Blinds, Shades
  • Street Number Modifier: 1800
  • Room Count: 5
  • Additional Rooms: Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Other Structures: Tennis Court(s)
  • Pool Features: Gunite, In Ground
  • Exterior Features: Balcony, Sliding Doors, Tennis Court(s)
  • Roof: Built-Up
  • Pool Private: No
  • View: Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water View: Beach, Gulf/Ocean - Full
  • Water Access: Beach, Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0137F
  • Waterfront Frontage: 1620
  • Water Frontage Feet Beach Pub: 810
  • Water Frontage Feet Gulf Ocean: 810
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Covered, Under Building
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected
  • Cooling: Central Air
  • Heating: Heat Pump
  • Laundry Features: Inside, 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, Fitness, Gated Community, Pool, Tennis Courts, Water Access, Waterfront, Wheelchair Access
  • Association: No
  • Security: Gated Community, Security Gate
  • Senior Community: No
  • Condo Fees: 2847
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 949
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 11388
  • Total Monthly Fees: 949

Lot Info

  • Parcel Number: 2017104100
  • Additional Parcels: No
  • Lot Features: CoastalConstruction Control Line, Sidewalk
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Pet Size: Extra Large (101+ Lbs.)
  • Max Pet Weight: 101
  • Minimum Lease: 3 Months
  • Approval Process: Approval by the BOD
  • Num Timesper Year: 3
  • Pet Restrictions: Dogs and Cats only, 2 pets per residence. Tenants can not have pets.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Minimum lease term of 3 months. No more than two lease terms per year.

Tax Info

  • Tax Annual Amount: 15924
  • Tax Book Number: 31-12
  • Tax Lot: PHA5

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2022
Closed on
Nov 17, 2022
Sold by
Hancock Seth W and Hancock Deborah R
Bought by
Brian W Baacke And Lisa A Baacke Living Trust
Seller's Agent
Beth Helvey
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Judy Kepecz-Hays
COLDWELL BANKER REALTY
List Price
$1,800,000
Sold Price
$2,000,000
Premium/Discount to List
$200,000
11.11%
Views
17
Current Estimated Value
$1,812,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$187,014
Avg. Annual Appreciation
-3.08%
Original Mortgage
$1,387,500
Outstanding Balance
$1,352,629
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$481,609

Purchase Details

Listed on
Oct 19, 2018
Closed on
Apr 22, 2019
Sold by
Matta Horacio and Matta Ann
Bought by
Hancock Seth W and Hancock Deborah R
Seller's Agent
Naomi Fisher
Buyer's Agent
Beth Helvey
MICHAEL SAUNDERS & COMPANY
List Price
$1,500,000
Sold Price
$1,072,000
Premium/Discount to List
-$428,000
-28.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.03%

Purchase Details

Listed on
May 21, 2018
Closed on
Aug 1, 2018
Sold by
Jordan Ralph Curtis
Bought by
Matia Horacio and Matia Anne
Seller's Agent
Rob Hunt, Jr
HUNT BROTHERS REALTY, INC.
Buyer's Agent
Naomi Fisher
List Price
$1,350,000
Sold Price
$1,275,000
Premium/Discount to List
-$75,000
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-23.11%

Purchase Details

Closed on
Oct 31, 2013
Sold by
Scotto Carla M and Scotto Anthony
Bought by
Jordan Ralph Curtis

Purchase Details

Closed on
Mar 18, 1998
Sold by
Donaghy Mary Ann
Bought by
Scotto Carla Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.01%

Purchase Details

Closed on
Dec 30, 1996
Sold by
Jamieson Susan and Coakley Alfred C
Bought by
Donaghy Patrick and Donaghy Mary Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,640
Interest Rate
7.56%

Purchase Details

Closed on
Feb 12, 1996
Sold by
Yale Prop Lido Key
Bought by
Coakley Alfred C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,000
Interest Rate
6.97%
Source: Public Records

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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 Type Sale Price Title Company
Warranty Deed $13,965 --
Warranty Deed $1,072,000 Attorney
Warranty Deed $1,275,000 Fidelity National Title Of F
Warranty Deed $900,000 Attorney
Warranty Deed -- --
Warranty Deed $360,000 --
Personal Reps Deed $313,400 --
Warranty Deed $290,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,387,500 New Conventional
Previous Owner $417,000 New Conventional
Previous Owner $600,000 Stand Alone First
Previous Owner $240,000 No Value Available
Previous Owner $250,640 No Value Available
Previous Owner $203,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2022 11/17/22 Sold $2,000,000 +11.1% $1,481 / Sq Ft
10/06/2022 10/06/22 Pending -- -- --
10/05/2022 10/05/22 For Sale $1,800,000 0.0% $1,333 / Sq Ft
10/02/2022 10/02/22 Pending -- -- --
09/26/2022 09/26/22 For Sale $1,800,000 +67.9% $1,333 / Sq Ft
04/22/2019 04/22/19 Sold $1,072,000 -8.8% $794 / Sq Ft
03/28/2019 03/28/19 Pending -- -- --
01/13/2019 01/13/19 Price Changed $1,175,000 -8.9% $870 / Sq Ft
12/12/2018 12/12/18 Price Changed $1,290,000 -6.2% $956 / Sq Ft
11/13/2018 11/13/18 Price Changed $1,375,000 -8.3% $1,019 / Sq Ft
10/19/2018 10/19/18 For Sale $1,500,000 +17.6% $1,111 / Sq Ft
08/24/2018 08/24/18 Sold $1,275,000 -5.6% $944 / Sq Ft
08/10/2018 08/10/18 Pending -- -- --
05/18/2018 05/18/18 For Sale $1,350,000 -- $1,000 / 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 $23,642 $1,679,500 -- $1,679,500
2023 $23,642 $1,584,500 $0 $1,584,500
2022 $17,141 $1,263,400 $0 $1,263,400
2021 $15,189 $987,000 $0 $987,000
2020 $13,947 $861,300 $0 $861,300
2019 $16,038 $995,000 $0 $995,000
2018 $16,108 $1,035,344 $0 $0
2017 $15,924 $1,014,049 $0 $0
2016 $15,915 $1,053,800 $0 $1,053,800
2015 $16,158 $1,038,300 $0 $1,038,300
2014 $15,007 $799,714 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: U8021605

Stellar MLS

APN: 2017-10-4100