NOT LISTED FOR SALE

1862 Island Way Osprey, FL 34229

Estimated Value: $1,970,000 - $2,188,000

4 Beds
3 Baths
3,598 Sq Ft
$569/Sq Ft Est. Value

Last Sold April 21, 2025

Last sale price $2,000,000 $556 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $12,361/month

76 Days on Market

Highlights

  • 312 Feet of Bay Harbor Waterfront
  • White Water Ocean Views
  • Water access To Gulf or Ocean
  • Laurel Nokomis School Rated A-
  • Floating Dock
  • In Ground Pool

About This Home

As of April 2025

South Sarasota waterfront property surrounded by 312-ft. of water on three sides feels like living on a private island. 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. This “island” playground is an outdoor enthusiast’s delight. Private dock with kayak/paddleboard launch provides easy access to Sarasota’s coastal waterways for endless days enjoying Florida’s year-round sun and fun. Take a kayak trip to Nokomis Breakfast Cottage, Oscar Scherer State Park or secret mangrove tunnels. Relax on the back porch and be on the lookout for manatees, dolphins, pelicans and ospreys. A five-minute drive takes you to Nokomis Beach. The nearby Legacy Trail offers over 20 miles of rails-to-trails paved cycling paths. Spectacular sunsets are a daily celebration. The 5,233 sq. ft. residence has four bedrooms and three-and-a-half baths. Living areas include formal living room with cathedral ceiling and built-in Bose sound system, formal dining room, family room with wood-burning fireplace and four exterior balconies. The ground floor has various climate-controlled rooms and screened in areas, laundry room and pool shower. Outdoor amenities include heated swimming pool, pergola with bench swings, bocce court and dock. South Creek is a gated community with easy access to US 41 and I-75. This residence is on the same street as the community amenities which include tennis courts, basketball, playground, day dock and night security gate. The singular combination of location, waterfront and size make this a desirable 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: 12/11/2024

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Laura Teixeira

NOBSKA REAL ESTATE LLC License #3439197

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,550

Year Built

  • Built in 1982

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 105x132x312x90
  • 312 Feet of Bay Harbor Waterfront
  • Property fronts an intracoastal waterway
  • Cul-De-Sac
  • Northeast Facing Home
  • Level Lot
  • Irrigation
  • Landscaped with Trees
  • Property is zoned RSF2

HOA Fees

  • $142 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Custom Home
  • Stem Wall Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3,598 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Stone Fireplace
  • Awning
  • Sliding Doors
  • Family Room Off Kitchen
  • Separate Formal Living Room
  • Breakfast Room
  • Formal Dining Room
  • Den
  • Storage Room
  • White Water Ocean Views

Kitchen

  • Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Security Lights
  • Fire and Smoke Detector

Outdoor Features

  • In Ground Pool
  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Rip-Rap
  • Floating Dock
  • Balcony
  • Screened Patio
  • Rain Gutters
  • 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
  • Private Sewer
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include 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

$10,550

Year Built

Built in 1982

Lot Details

0

HOA Fees

$142 per month

Parking

2

Listing Details

  • HOA Fee Includes: Management
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom
  • Construction Materials: Wood Siding
  • Fireplace: Yes
  • Living Area: 3598
  • Lot Size Acres: 0.39
  • New Construction: No
  • Year Built: 1982
  • Building Area Total: 8216
  • Lot Size Sq Ft: 16833
  • 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: 537903989
  • Minimum Lease: 3 Months
  • RATIO Current Price By Calculate: 555.86
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 1
  • MFR_BedroomClosetType: Walk-in Closet
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Floating Dock
  • MFR_DockYN: 1
  • MFR_CommunityAssociationWaterFeatures: Community Boat Ramp,Fishing,Intracoastal Waterway,Water Access,Waterfront
  • Attribution Contact: 941-364-4000
  • Tax Year: 2023
  • Special Features: None

Interior Features

  • Fireplace Features: Stone, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile, Wood
  • Full Bathrooms: 3
  • Interior Amenities: Ceiling Fans(s), Kitchen/Family Room Combo
  • Appliances Included: Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
  • Foundation Details: Stem Wall
  • Total Bedrooms: 4
  • Levels: Two
  • Stories: 1
  • Street Number Modifier: 1862
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Breakfast Room Separate,Den/Library/Office,Family Room,Formal Dining Room Separate,Formal Living Room Separate,Storage Rooms
  • Living Area Meters: 334.26
  • Room Count: 3

Exterior Features

  • Direction Faces: Northeast
  • Pool Features: In Ground
  • Exterior Features: Awning(s), Balcony, Irrigation System, Rain Gutters, Sliding Doors
  • Roof: Shingle
  • Pool Private: Yes
  • View: Water
  • Water Body Name: DRYMAN BAY
  • Waterfront: Yes
  • Patio and Porch Features: Patio, Porch, Screened
  • Road Surface Type: Asphalt
  • Water Access: Bay/Harbor,Gulf/Ocean,Intracoastal Waterway
  • Water Extras: Riprap
  • Water Extras YN: 1
  • Water View: Bay/Harbor - Full
  • Water View YN: 1
  • Waterfront Feet Total: 312
  • Flood Zone Date: 2024-03-27
  • Flood Zone Panel: 12115C0236G
  • Water Frontage Feet Bay Harbor: 312

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Phone Available, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Inside
  • Sewer: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Gated Community - No Guard, Park, Playground, Sidewalks, Tennis Court(s)
  • Association Fee: 425
  • Association Fee Frequency: Quarterly
  • Association Name: Pinnacle Community Association - Ginny Deck
  • Phone: 941-444-7090
  • Association: Yes
  • Security: Fire Alarm, Gated Community, Security Lights, Security System
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Association Fee Requirement: Required
  • Association Email: ginny@pinaclecam.com
  • Association URL: https://pinnaclec

Fee Information

  • Total Annual Fees: 1700.00
  • Total Monthly Fees: 141.67
  • Monthly HOA Amount: 141.67

Schools

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

Lot Info

  • Zoning: RSF2
  • Parcel Number: 0158090007
  • Additional Parcels: No
  • Lot Features: Cul-De-Sac, FloodZone, In County, Landscaped, Level
  • Lot Dimensions: 105x132x312x90
  • Flood Zone Code: AE
  • Homestead YN: 1
  • Lot Size Square Meters: 1564

Rental Info

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

Tax Info

  • Tax Annual Amount: 10550.28
  • Tax Book Number: 25-15
  • Tax Lot: 4

Multi Family

  • Waterfront Features: Bay/Harbor, Intracoastal Waterway
  • Approval Process: Association approval required

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2024
Closed on
Apr 21, 2025
Sold by
Whitehurst Darrell D and Mayton Lucille E
Bought by
Faria Mariene and Gomes Romulo P
Seller's Agent
Nancy Endara
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Laura Teixeira
NOBSKA REAL ESTATE LLC
List Price
$2,425,000
Sold Price
$2,000,000
Premium/Discount to List
-$425,000
-17.53%
Views
20
Current Estimated Value
$2,047,336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,336
Avg. Annual Appreciation
9.81%
Original Mortgage
$2,000,000
Outstanding Balance
$2,000,000
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$47,336

Purchase Details

Closed on
Apr 9, 2019
Sold by
Whitehurst Darrell D and Mayton Lucille E
Bought by
Whitehurst Darrell D and Mayton Lucille E

Purchase Details

Closed on
Jul 2, 2014
Sold by
Whitehurst Darrell Duayne
Bought by
Mayton Lucille E and Mayton Darrell D

Purchase Details

Closed on
Jun 15, 2000
Sold by
Baratz Aubrey L and Baratz Thelma
Bought by
Whitehurst Claudia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$501,900
Interest Rate
8.27%

Purchase Details

Closed on
Nov 24, 1994
Sold by
Caon Joseph R and Caon Arlene R
Bought by
Roth William Gregory and Roth Corinne Ehrenmkranz
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Faria Mariene $2,000,000 None Listed On Document
Whitehurst Darrell D -- Attorney
Mayton Lucille E -- Attorney
Whitehurst Claudia M $717,000 --
Roth William Gregory $83,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Faria Mariene $2,000,000
Previous Owner Whitehurst Darrell Duayne $180,000
Previous Owner Whitehurst Darrell Duayne $570,000
Previous Owner Whitehurst Darrell Duayne $572,400
Previous Owner Whitehurst Claudia M $501,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2025 04/21/25 Sold $2,000,000 -8.9% $556 / Sq Ft
02/25/2025 02/25/25 Pending -- -- --
01/21/2025 01/21/25 Price Changed $2,195,000 -9.5% $610 / Sq Ft
12/11/2024 12/11/24 For Sale $2,425,000 -- $674 / 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 $10,550 $645,442 -- --
2023 $10,550 $626,643 $0 $0
2022 $10,453 $608,391 $0 $0
2021 $10,263 $590,671 $0 $0
2020 $10,306 $582,516 $0 $0
2019 $10,086 $569,419 $0 $0
2018 $9,946 $558,802 $0 $0
2017 $9,919 $547,309 $0 $0
2016 $9,905 $940,300 $545,900 $394,400
2015 $6,888 $932,000 $550,700 $381,300
2014 $6,863 $520,297 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4631910

Stellar MLS

APN: 0158-09-0007