NOT LISTED FOR SALE

Estimated Value: $2,414,160

2 Beds
2 Baths
1,284 Sq Ft
$844/mo HOA Fee

Last Sold May 29, 2014

Last sale price $1,000,000 $779 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $15,799/month

433 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Private Beach
  • Open Floorplan
  • Southside Elementary School Rated A
  • Heated Indoor Pool
  • Furnished

About This Home

As of May 2014

Outstanding Penthouse with Spectacular Gulf Views in Popular Building 2 with 2BR/2BA, Split Plan at the Longboat Key Club & Resort in the Rental Program. Completely Renovated, Lovely Turnkey Furnished, Inside Utility, Three Balconies Facing the Beautiful Azure Blue Water of the Gulf of Mexico and the White Sandy Beach. With the Western Exposure enjoy the Vivid Sunsets too. The Resort is a Condominium-Hotel offering buyers attractive rental opportunities. It is located in an exclusive, gated community located on prestigious Longboat Key, a barrier island just off the coast of Sarasota. This property has received the AAA Four-Diamond rating and offers many ways to enjoy your vacation. Purchasing a condominium unit entitles you to participate in the Ownership Rental Program. Longboat Key Club and Resort offers members and guests Fine Dining, 45 holes of challenging Golf, Spa/Wellness Center, Private Beach, Pool, Full Service Marina, Maid and Concierge Service. Gross Income for 2012 was $121,051.

Last Listed By

Barbara Miller, Pa

COLDWELL BANKER REALTY License #0524375 Listed on: 03/06/2013

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,005

Year Built

  • Built in 1982

Lot Details

  • Property fronts gulf or ocean
  • Private Beach
  • Mature Landscaping

HOA Fees

  • $844 Monthly HOA Fees

Parking

  • Open Parking

Home Design

  • Slab Foundation
  • Membrane Roofing
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,284 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Crown Molding
  • Ceiling Fan
  • Blinds
  • Great Room
  • Storage Room
  • Inside Utility
  • Full Gulf or Ocean Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Pool

  • Heated Indoor Pool
  • Saltwater Pool
  • Spa

Outdoor Features

  • Water access To Gulf or Ocean
  • Balcony

Location

  • Flood Zone Lot
  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 2002
  • Assessor Parcel Number 0013041070

Community Details

Overview

  • Association fees include cable TV, community pool, insurance, maintenance structure, ground maintenance, manager, pest control, recreational facilities, sewer, trash, water
  • High-Rise Condominium
  • Inn On The Beach Community
  • Inn On The Beach Ph I Subdivision

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,005

Year Built

Built in 1982

Lot Details

0

HOA Fees

$844 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1284
  • New Construction: No
  • Year Built: 1982
  • Building Area Total: 1284
  • Directions to Property: Gulf of Mexico Drive to Longboat Club Road- Building 2
  • Status: Sold
  • Homestead Y N: No
  • Total Acreage: Non-Applicable
  • Home Warranty Y N: No
  • Subdivision Num: 7700
  • Property Description: High Rise
  • Call Center Phone Number: 800-746-9464
  • Ratio: Close Price\List Price: 0.92678
  • Price per Sq Ft: 778.82
  • Close to Original List Price Ratio: 0.91033
  • Ratio: Current Price\Building Area Total: 778.82
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2013
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Elevator, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Spa Yn: Yes
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 210
  • Room Count: 5
  • Additional Rooms: Great Room, Inside Utility, Storage Rooms
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: Heated, Indoor, Salt Water
  • Exterior Features: Balcony
  • Roof: Membrane
  • Pool Private: No
  • View: Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Water View: Gulf/Ocean - Full
  • Water Access: Beach - Private, Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Disclosures: Condominium Disclosure Available

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Guest, None, Open
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Pool
  • Association: No
  • Security: Smoke Detector(s)
  • Condo Fees: 2532
  • Condo Fees Term: Quarterly
  • Association Fee Requirement: None

Fee Information

  • Total Annual Fees: 10128
  • Total Monthly Fees: 844

Lot Info

  • Zoning: GPD
  • Parcel Number: 0013041070
  • Additional Parcels: No
  • Lot Features: CoastalConstruction Control Line, FloodZone, City Lot
  • Millage Rate: 14.67
  • Future Land Use: 3904
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Minimum Lease: 1-7 Days
  • Num Timesper Year: 365
  • Expected Lease Date: 2014-05-29T04:00:00.000Z

Tax Info

  • Tax Annual Amount: 10005
  • Tax Book Number: 0019/0013
  • Tax Lot: 2002

Multi Family

  • Waterfront Features: Beach - Private, Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2013
Closed on
May 29, 2014
Sold by
Duggan Edward M and Gooding Joanne
Bought by
The Edward M Duggan Trust
Seller's Agent
Barbara Miller, Pa
COLDWELL BANKER REALTY
Buyer's Agent
Tom Fynes, PA
List Price
$1,098,500
Sold Price
$1,000,000
Premium/Discount to List
-$98,500
-8.97%
Total Days on Market
433
Current Estimated Value
$2,414,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,414,160
Avg. Annual Appreciation
8.49%

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
The Edward M Duggan Trust $1,000,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mohan Ram $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2014 05/29/14 Sold $1,000,000 -7.3% $779 / Sq Ft
05/16/2014 05/16/14 Price Changed $1,079,000 -1.8% $840 / Sq Ft
05/16/2014 05/16/14 For Sale $1,098,500 +9.9% $856 / Sq Ft
05/14/2014 05/14/14 Pending -- -- --
05/01/2014 05/01/14 Off Market $1,000,000 -- --
03/06/2013 03/06/13 For Sale $1,098,500 -- $856 / 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 $18,848 $1,347,238 -- --
2023 $18,848 $1,541,000 $0 $1,541,000
2022 $16,025 $1,180,100 $0 $1,180,100
2021 $15,828 $1,140,100 $0 $1,140,100
2020 $12,310 $808,000 $0 $808,000
2019 $12,530 $844,000 $0 $844,000
2018 $12,499 $836,000 $0 $836,000
2017 $13,026 $862,000 $0 $862,000
2016 $12,555 $814,000 $0 $814,000
2015 $11,883 $761,000 $0 $761,000
2014 $11,657 $667,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A3974585

Stellar MLS

APN: 0013-04-1070