$1,275,000
SOLD AUG 24, 2018

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

$944 Per Sq Ft

6% Below List Price

84 Days on Market

Highlights

  • 810 Feet of Waterfront
  • Water access To Gulf or Ocean
  • Fitness Center
  • Southside Elementary School Rated A
  • Public Beach
  • Penthouse

About This Home

As of November 2022

Immerse yourself in casual sophistication from the moment you step inside this beautifully renovated Penthouse at the prized L’ Elegance on south Lido Key. Warm and welcoming natural light illuminates every room through 10 foot high floor to ceiling sliding glass doors offering direct panoramic Gulf of Mexico views. Professionally designed and built out to perfection, the finish materials were carefully selected to capture the essence of modern Lido Key living. Gorgeous dark oak wood floors set a dramatic base tone for the space with a glass countertop and exposed concrete column highlighting an entertainer’s bar. The kitchen boasts contemporary cabinetry and quartz countertops paired with a smoked glass backsplash that is elegantly simple. Custom wall treatments were specified to define individuality throughout the unit. The master suite offers a clean look with handsome red leather barn doors granting access to the master bathroom outfitted with dual sinks, a limestone soaking tub and a walk in closet. Outside the 40 foot long terrace with glass railings affords never-ending water views and gulf breezes. Known for its luxurious facilities and terrific on-site management team, the L’ Elegance common amenities include; 24/7 guard gated access, updated lobby, gulf facing Olympic-sized pool, and spa, fitness center with sauna, two tennis courts and a community room. Whether it will be your full time or part time residence, this is a very special place to call home. Turn-key furnishings are available.

Last Agent to Sell the Property

Rob Hunt, Jr

HUNT BROTHERS REALTY, INC. License #3197350 Listed on: 05/21/2018

HUNT BROTHERS REALTY, INC.

Last Buyer's Agent

Naomi Fisher

License #3253085

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,924

Year Built

  • Built in 1996

Lot Details

  • Public Beach
  • West Facing Home
  • Mature Landscaping
  • Landscaped with Trees
  • Condo Land Included

HOA Fees

  • $949 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Secured Garage or Parking

Home Design

  • Penthouse
  • Custom Home
  • Slab Foundation
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,350 Sq Ft Home
  • Dry Bar
  • High Ceiling
  • Ceiling Fan
  • Shades
  • Sliding Doors
  • Combination Dining and Living Room
  • Storage Room
  • Inside Utility

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop with Range Hood
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Engineered Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Accessible Home Design

  • Accessible Doors
  • Accessible Approach with Ramp

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Outside Bathroom Access

Outdoor Features

  • Water access To Gulf or Ocean
  • Covered Patio or Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • 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, trash, water
  • Kathi Jones Association, Phone Number (941) 388-1819
  • 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

Amenities

  • Elevator
  • Community Storage Space

Recreation

Pet Policy

  • Pets up to 101 lbs
  • 2 Pets Allowed

Security

  • Card or Code Access
  • Gated Community
  • Storm Windows
  • Fire and Smoke Detector
  • Fire Sprinkler System

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, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Custom
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1350
  • New Construction: No
  • Year Built: 1996
  • Accessibility Features: Accessible Approach with Ramp, Accessible Central Living Area, Accessible Doors
  • Building Area Total: 1910
  • Directions to Property: John Ringling Boulevard West to Ben Franklin Drive - Follow to the South end of Lido. Condominium is on the Gulf side of the road. Gated community - Guard at gate will direct you to parking. Thank you for showing our listing.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4403828&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4403828&cview=true&show_results=true&customer_portal=true
  • Floor Number: 11
  • Homestead Y N: Yes
  • Number Of Pets: 2
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Property Description: Penthouse
  • Ratio: Close Price\List Price: 0.94444
  • Price per Sq Ft: 944.44
  • Close to Original List Price Ratio: 0.94444
  • Ratio: Current Price\Building Area Total: 667.54
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Engineered Hardwood
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Dry Bar, Eating Space In Kitchen, High Ceiling(s), Living Room/Dining Room Combo, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 11
  • Window Features: Shades, Storm Window(s)
  • Street Number Modifier: 1800
  • Room Count: 5
  • Additional Rooms: Inside Utility, Storage Rooms
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Other Structures: Tennis Court(s)
  • Pool Features: Gunite, Heated, In Ground, Outside Bath Access
  • Exterior Features: Balcony, Sidewalk, Sliding Doors, Tennis Court(s)
  • Roof: Built-Up
  • Pool Private: No
  • View: Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Patio and Porch Features: Covered
  • Road Surface Type: Paved
  • Water View: Gulf/Ocean - Full
  • Water Access: Beach - Public, Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0137F
  • Waterfront Frontage: 810
  • Water Frontage Feet Beach Pub: 405
  • Water Frontage Feet Gulf Ocean: 405
  • Disclosures: Condominium Disclosure Available

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Sewer Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside
  • 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 Amenities: Elevator(s), Fitness Center, Gated, Lobby Key Required, Pool, Storage, Tennis Court(s)
  • Association Name: Kathi Jones
  • Phone: 941-388-1819
  • Association: No
  • Security: Fire Sprinkler System, Gated Community, Secured Garage/Parking, Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 2847
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: Yes
  • Monthly Condo Fee Amount: 949
  • Association Approval Required YN: Yes

Fee Information

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

Schools

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

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: Number Limit, Yes
  • Pet Size: Extra Large (101+ Lbs.)
  • Max Pet Weight: 101
  • Minimum Lease: 3 Months
  • Approval Process: Approval by BOD.
  • Num Timesper Year: 3
  • Pet Restrictions: Dogs and cats only - 2 pets per residence. Tenants, no pets.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Leasing twice per year for a minimum of 3 months.

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: A4403828

Stellar MLS

APN: 2017-10-4100