NOT LISTED FOR SALE

Seaplace 2045 Gulf of Mexico Dr Unit M1502 Longboat Key, FL 34228

Estimated Value: $461,671 - $537,000

2 Beds
1 Bath
928 Sq Ft
$1,437/mo HOA Fee

Last Sold July 28, 2023

Last sale price $530,000 $571 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $4,529/month

8 Days on Market

Highlights

  • 13,200 Feet of Waterfront
  • Fitness Center
  • Gated Community
  • Southside Elementary School Rated A
  • Heated In Ground Pool
  • Clubhouse

About This Home

As of July 2023

Looking for a vacation get-away, second home, investment property, or your permanent residence? This is might be the one! This wonderful value 2 bedroom 1 bathroom resident located in gulf front M1 building at Seaplace! Newer AC 2020 & hot water heater 2016, is being offered furnished. Seaplace offers resort living with a lengthy list of activities and amenities that include 2 large pools and hot tubs; a kiddie pool; 3 har-tru tennis courts; a recently renovated Gulf-front clubhouse; a fitness center; library; gas grills; a one-mile paved walking path surrounding the lush 42-acre property, and a gatehouse with 24-hour security. Located near St. Armand's Circle, downtown Sarasota, Publix, CVS, and the soon-to-open St. Regis Resort and Residences, you’ll be close to world-class restaurants, hotels, entertainment, arts, culture, and shopping. Unit comes with one uncovered assigned parking space (P-281). This is a must-see…schedule your

Last Agent to Sell the Property

Michael Renick

MANGROVE REALTY ASSOCIATES License #3241900 Listed on: 05/26/2023

Last Buyer's Agent

Michael Renick

MANGROVE REALTY ASSOCIATES License #3241900 Listed on: 05/26/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,521

Year Built

  • Built in 1974

Lot Details

  • West Facing Home

HOA Fees

  • $1,437 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Entry on the 5th floor
  • Brick Exterior Construction
  • Slab Foundation
  • Steel Frame
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 928 Sq Ft Home
  • Furnished
  • Window Treatments
  • Combination Dining and Living Room
  • Tile Flooring

Kitchen

  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Pool

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

Outdoor Features

  • Water Access

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-Hour Guard, cable TV, pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, maintenance, management, pest control, private road, recreational facilities, security, sewer, trash, water
  • Wendy Cichowski Association, Phone Number (941) 383-5568
  • Visit Association Website
  • Mid-Rise Condominium
  • Seaplace Community
  • Seaplace II Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • 6-Story Property

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Recreation Facilities
  • Community Playground
  • Community Spa

Pet Policy

  • No Pets Allowed

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,521

Year Built

Built in 1974

Lot Details

0

HOA Fees

$1,437 per month

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Cable TV, Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Pest Control, Private Road, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Brick, Concrete, Metal Frame, Stucco
  • Fireplace: No
  • Living Area: 928
  • New Construction: No
  • Year Built: 1974
  • Building Area Total: 1019
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 94.67
  • Escrow State: FL
  • Floor Number: 5
  • Minimum Lease: 2 Months
  • RATIO Current Price By Calculate: 571.12
  • Total Acreage: Non-Applicable
  • Water Access YN: 0
  • Property Description: Mid Rise
  • Water Frontage Feet Beach: 6600
  • MFR_BedroomClosetType: Walk-in Closet
  • MFR_BedroomClosetType: Built-in Closet
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 1
  • Interior Amenities: Living Room/Dining Room Combo, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 6
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 86.21

Exterior Features

  • Direction Faces: West
  • Pool Features: Heated, In Ground
  • Exterior Features: Other
  • Roof: Other
  • Pool Private: No
  • Water Body Name: GULF OF MEXICO
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Disclosures: Condominium Disclosure Available
  • Water View YN: 0
  • Waterfront Feet Total: 13200
  • Flood Zone Panel: 12115C0126F
  • Water Frontage Feet Gulf Ocean: 6600

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Assigned

Utilities

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

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Clubhouse, Fitness Center, Gated, Playground, Pool, Sidewalks, Tennis Courts, Water Access, Waterfront
  • Association Amenities: Cable TV, Clubhouse, Elevator(s), Fitness Center, Gated, Maintenance, Playground, Pool, Recreation Facilities, Spa/Hot Tub, Storage, Tennis Court(s)
  • Association Fee: 4310
  • Association Fee Frequency: Quarterly
  • Association Name: Wendy Cichowski
  • Phone: 941-383-5568 x1
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Association Fee Requirement: Required
  • Condo Fees: 0
  • Condo Land Included YN: 0
  • Association Email: manager@seaplacelbk.com
  • Association URL: www.seaplacelbk.com

Fee Information

  • Total Annual Fees: 17240.00
  • Total Monthly Fees: 1436.67
  • Monthly HOA Amount: 1436.67

Schools

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

Lot Info

  • Zoning: R6MX
  • Parcel Number: 0008111065
  • Additional Parcels: No
  • Flood Zone Code: VE

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: All Leases must summit to Seaplace office for approval. Rental application fee of $120, which includes the barcode for gate access. Rentals must be minimum two months.

Tax Info

  • Tax Annual Amount: 5521
  • Tax Book Number: 1062-357
  • Tax Lot: 502

Multi Family

  • Waterfront Features: Beach Front, Gulf/Ocean
  • Approval Process: All Leases must summit to Seaplace office for approval. Rental application fee of $120, which includes the barcode for gate access. Rentals must be minimum two months.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2023
Closed on
Jul 28, 2023
Sold by
White Charles F and White Darlene J
Bought by
Seaplace M1-502 Llc
Seller's Agent
Michael Renick
MANGROVE REALTY ASSOCIATES
Buyer's Agent
Michael Renick
MANGROVE REALTY ASSOCIATES
List Price
$549,000
Sold Price
$530,000
Premium/Discount to List
-$19,000
-3.46%
Views
37
Current Estimated Value
$501,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,582
Avg. Annual Appreciation
-2.31%
Original Mortgage
$424,000
Outstanding Balance
$412,840
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$88,578

Purchase Details

Closed on
Jun 17, 1999
Sold by
Peters James D and Peters Beverly K
Bought by
White Charles F and White Darlene J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
7.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 1998
Sold by
Tseung Jules Lam Yuk
Bought by
Peters James D and Peters Beverly K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.1%

Purchase Details

Closed on
Oct 27, 1993
Sold by
Roth Benjamin
Bought by
Tseung Jules Lam Yuk

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.07%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Seaplace M1-502 Llc $530,000 None Listed On Document
White Charles F $155,000 --
White Charles F $155,000 --
Peters James D $135,000 --
Peters James D $135,000 --
Tseung Jules Lam Yuk $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seaplace M1-502 Llc $424,000
Previous Owner White Charles F $124,000
Previous Owner Peters James D $108,000
Previous Owner Tseung Jules Lam Yuk $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2023 07/28/23 Sold $530,000 -3.5% $571 / Sq Ft
06/04/2023 06/04/23 Pending -- -- --
05/26/2023 05/26/23 For Sale $549,000 -- $592 / 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 $5,551 $431,000 -- $431,000
2023 $5,551 $441,000 $0 $441,000
2022 $5,521 $433,400 $0 $433,400
2021 $4,783 $315,800 $0 $315,800
2020 $4,549 $292,100 $0 $292,100
2019 $4,592 $302,600 $0 $302,600
2018 $4,443 $290,300 $0 $290,300
2017 $4,481 $287,900 $0 $287,900
2016 $4,567 $287,900 $0 $287,900
2015 $4,260 $283,700 $0 $283,700
2014 $3,870 $216,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4571836

Stellar MLS

APN: 0008-11-1065