NOT LISTED FOR SALE

1851 Island Way Osprey, FL 34229

Estimated Value: $1,715,805 - $2,388,000

5 Beds
5 Baths
5,233 Sq Ft
$381/Sq Ft Est. Value

Last Sold February 16, 2024

Last sale price $3,950,000 $755 Per Sq Ft

Est. 50% decrease in value since last sale

Current estimated payment $11,365/month

3 Days on Market

Highlights

  • Dock has access to electricity and water
  • In Ground Pool
  • Gated Community
  • Laurel Nokomis School Rated A-
  • Custom Home
  • 0.68 Acre Lot

About This Home

As of February 2024

1+ acre waterfront property surrounded by 370 feet of water on three sides. This listing includes two parcels: 1) .68 acre with the existing home, and 2) .44 acre buildable lot that can be developed with a large waterfront home on a deep canal. Serene privacy on a cul-de-sac in the secluded South Creek community directly across from Oscar Scherer State Park and just 5 minutes to Pine View School for the Gifted. Located between Sarasota and Venice with easy access to the best amenities in both communities including beaches, shopping, dining, arts, medical and personal services. Private dock for two boats, along with kayak/paddleboard launch, provides easy access to Sarasota’s coastal waterways for endless days enjoying Florida’s year-round sun and fun. The 5,233-square-foot residence has five bedrooms, five baths, plus an in-law studio apartment. All levels feature expansive outdoor lanais/balconies with water views. Living areas are on the second level and include formal living room with cathedral ceiling, formal dining room and family room with wood-burning fireplace. The third level has the owner's retreat featuring sitting room, dual bathrooms, 24x16 bedroom and balcony with the best views of the house. This residence is on the same street as South Creek community amenities which include tennis courts, playground, day dock and night security gate. The singular combination of location, waterfront and size make this a remarkable property for an exceptional lifestyle.

Last Agent to Sell the Property

Nancy Endara

PREMIER SOTHEBY'S INTERNATIONAL REALTY Brokerage Phone: 941-364-4000 License #3240423 Listed on: 01/11/2024

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Nancy Endara

PREMIER SOTHEBY'S INTERNATIONAL REALTY Brokerage Phone: 941-364-4000 License #3240423 Listed on: 01/11/2024

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,395

Year Built

  • Built in 1981

Lot Details

  • 0.68 Acre Lot
  • Property fronts a saltwater canal
  • Cul-De-Sac
  • Northwest Facing Home
  • Oversized Lot
  • Irrigation
  • Landscaped with Trees
  • 2 Lots in the community
  • Additional Parcels
  • Property is zoned RSF2

HOA Fees

  • $125 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Canal
  • Pool

Home Design

  • Custom Home
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 5,233 Sq Ft Home
  • 3-Story Property
  • Dry Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Sliding Doors
  • Family Room with Fireplace
  • Separate Formal Living Room
  • Formal Dining Room
  • Den
  • Bonus Room
  • Storage Room

Kitchen

  • Dumbwaiter
  • Built-In Convection Oven
  • Cooktop
  • Ice Maker
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Trash Compactor
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Upstairs
  • Split Bedroom Floorplan
  • Walk-In Closet
  • In-Law or Guest Suite
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Pool

  • In Ground Pool
  • Auto Pool Cleaner
  • Pool Lighting

Outdoor Features

  • Access to Saltwater Canal
  • Dock has access to electricity and water
  • Dock made with wood
  • Balcony
  • Deck
  • Covered Patio or Porch

Location

  • Flood Zone Lot

Schools

  • Laurel Nokomis Elementary School
  • Laurel Nokomis Middle School
  • Venice Senior High School

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include common area taxes, management
  • Pinnacle Community Association Ginny Deck Association, Phone Number (941) 444-7090
  • Visit Association Website
  • South Creek Community
  • South Creek Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Tennis Courts
  • Community Playground
  • Park

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,395

Year Built

Built in 1981

Lot Details

0

HOA Fees

$125 per month

Parking

2

Listing Details

  • HOA Fee Includes: Common Area Taxes, Management
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom
  • Construction Materials: Stucco
  • Fireplace: Yes
  • Living Area: 5233
  • Lot Size Acres: 0.68
  • New Construction: No
  • Year Built: 1981
  • Building Area Total: 6846
  • Lot Size Sq Ft: 29647
  • Number Of Lots: 2
  • Directions to Property: From Downtown Sarasota, head South on Route 41. Make a Right onto South Creek Drive. After the gate, make the first Left onto Island Way. Home is at the end of cul-de-sac.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1037329
  • Minimum Lease: 3 Months
  • RATIO Current Price By Calculate: 754.83
  • Total Acreage: 1/2 to less than 1
  • Unit Number YN: 0
  • Water Access YN: 1
  • MFR_InLawSuiteYN: 1
  • MFR_DockDescription: Dock - Wood,Dock w/Electric,Dock w/Water Supply
  • MFR_DockYN: 1
  • MFR_CommunityAssociationWaterFeatures: Community Boat Ramp,Fishing,Intracoastal Waterway,Water Access,Waterfront
  • MFR_InLawSuiteDescription: 1 Bathroom,2+ Bedrooms,Attached,Kitchenette,Private Entrance
  • Attribution Contact: 941-364-4000
  • Tax Year: 2023
  • Special Features: None

Interior Features

  • Fireplace Features: Family Room, Other, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile, Vinyl
  • Full Bathrooms: 5
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), Central Vaccum, Dry Bar, Dumbwaiter, PrimaryBedroom Upstairs, Skylight(s), Solid Wood Cabinets, Split Bedroom, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Refrigerator, Trash Compactor, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 5
  • Levels: Three Or More
  • Spa Yn: No
  • Stories: 3
  • Street Number Modifier: 1851
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Bonus Room,Den/Library/Office,Family Room,Formal Dining Room Separate,Formal Living Room Separate,Interior In-Law Suite w/Private Entry,Storage Rooms
  • Living Area Meters: 486.16
  • Room Count: 13

Exterior Features

  • Direction Faces: Northwest
  • Pool Features: Auto Cleaner, In Ground, Lighting
  • Exterior Features: Balcony, Irrigation System, Sliding Doors
  • Roof: Shingle
  • Pool Private: Yes
  • View: Pool, Water
  • Water Body Name: LITTLE SARASOTA BAY
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Front Porch, Patio, Rear Porch
  • Road Surface Type: Asphalt
  • Water Access: Canal - Saltwater
  • Water Extras YN: 0
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2016-11-04

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener

Utilities

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

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Gated Community - No Guard, Park, Playground, Sidewalks, Tennis Courts
  • Association Fee: 375
  • Association Fee Frequency: Quarterly
  • Association Name: Pinnacle Community Association - Ginny Deck
  • Phone: 941-444-7090
  • Association: Yes
  • Security: Closed Circuit Camera(s), Fire Alarm, Security System
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Association Fee Requirement: Optional
  • Association Email: ginny@pinaclecam.com
  • Association URL: https://pinnaclecam.com/

Fee Information

  • Total Annual Fees: 1500.00
  • Total Monthly Fees: 125.00
  • Monthly HOA Amount: 125.00

Schools

  • Elementary School: Laurel Nokomis Elementary
  • High School: Venice Senior High
  • Middle Or Junior School: Laurel Nokomis Middle

Lot Info

  • Zoning: RSF2
  • Parcel Number: 0158090005
  • Additional Parcels Description: 0158090004
  • Additional Parcels: Yes
  • Lot Features: Cul-De-Sac, FloodZone, In County, Oversized Lot
  • Flood Zone Code: AE
  • Homestead YN: 1
  • Lot Size Square Meters: 2754

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Follow rules of HOA

Tax Info

  • Tax Annual Amount: 8395.11
  • Tax Book Number: 25-15
  • Tax Lot: 3

Multi Family

  • Waterfront Features: Canal - Saltwater
  • Approval Process: Association approval required

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2019
Sold by
Thurau Alison
Bought by
Thurau Alison J and Alison J Thurau Revocable Trus
Current Estimated Value
$1,993,951

Purchase Details

Closed on
Nov 1, 2000
Sold by
Caon Joseph R and Caon Arlene R
Bought by
Lang Raymond P and Lang Joyann S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Outstanding Balance
$18,200
Interest Rate
7.71%
Estimated Equity
$1,975,751

Purchase Details

Closed on
Oct 15, 1999
Sold by
Sessa William J and Sessa Natalie I
Bought by
Thurau Robert and Thurau Alison
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
Thurau Alison J -- Attorney
Lang Raymond P $78,000 --
Thurau Robert $575,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lang Raymond P $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2024 02/16/24 Sold $3,950,000 0.0% $755 / Sq Ft
01/15/2024 01/15/24 Pending -- -- --
01/11/2024 01/11/24 For Sale $3,950,000 -- $755 / 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 $8,395 $743,596 -- --
2023 $8,395 $721,938 $0 $0
2022 $8,343 $700,911 $0 $0
2021 $8,208 $680,496 $0 $0
2020 $8,260 $671,101 $0 $0
2019 $8,012 $656,013 $0 $0
2018 $7,860 $643,781 $0 $0
2017 $7,830 $630,540 $0 $0
2016 $7,815 $1,349,200 $833,600 $515,600
2015 $7,963 $1,401,600 $916,900 $484,700
2014 $7,935 $599,420 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4592818

Stellar MLS

APN: 0158-09-0005