NOT LISTED FOR SALE

Estimated Value: $2,144,096

2 Beds
2 Baths
1,644 Sq Ft
$985/mo HOA Fee

Last Sold July 17, 2018

Last sale price $1,275,000 $776 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $14,855/month

74 Days on Market

Highlights

  • Beach View
  • Water access To Gulf or Ocean
  • Mature Landscaping
  • Southside Elementary School Rated A
  • Private Beach
  • Community Pool

About This Home

As of July 2018

Experience the epitome of the resort lifestyle from this two-bedroom deluxe tenth floor residence at the Inn on the Beach within the Longboat Key Club, named one of the top resorts in Florida by Conde Nast and receiving the AAA Four-Diamond rating for thirty consecutive years. Located in Building 2, this Gulf-front condominium is one of the most desirable units in the resort. Relish views of azure Gulf waters, New Pass, and the powdery white sands of Lido Key. Wake up each day to the sound of the waves and refreshing salt-air, enjoy a cup of coffee on your balcony, then begin your daily adventures soaking in the sun and defining the island experience. A condominium-hotel, buyers are offered with attractive rental and income possibilities. In 2017, this residence grossed $198,000. By joining the rental program, you are entitled to all the amenities of the Club, including fine dining, golf, tennis, spa, fitness center, concierge, and staff services. The world-class shopping of St. Armands Circle and the cultural offerings of downtown Sarasota are just a short drive away.

Last Listed By

Tom Cinquegrano

MICHAEL SAUNDERS & COMPANY License #0323798 Listed on: 03/20/2018

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,078

Year Built

  • Built in 1982

Lot Details

  • Private Beach
  • Mature Landscaping
  • Irrigation
  • Zero Lot Line

HOA Fees

  • $985 Monthly HOA Fees

Property Views

  • Beach
  • Full Gulf or Ocean

Home Design

  • Condo Hotel
  • Slab Foundation
  • Membrane Roofing
  • Block Exterior

Interior Spaces

  • 1,644 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Inside Utility

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in Hall
  • Dryer
  • Washer

Home Security

Accessible Home Design

  • Customized Wheelchair Accessible

Outdoor Features

  • Water access To Gulf or Ocean
  • Property fronts gulf or ocean with access to the bay
  • Deeded access to the beach
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Mid-Rise Condominium
  • Inn On The Beach Ph I Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Recreation

  • Community Pool
  • Tennis Courts

Pet Policy

  • No Pets Allowed

Additional Features

  • Fire and Smoke Detector
  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,078

Year Built

Built in 1982

Lot Details

0

HOA Fees

$985 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condo - Hotel
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1644
  • New Construction: No
  • Year Built: 1982
  • Accessibility Features: Customized Wheelchair Accessible
  • Building Area Total: 1644
  • Directions to Property: From St Armand's, North on Gulf of Mexico Drive, left at entrance to The Longboat Key Club, proceed to front desk at The Inn on the Beach.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4214074&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4214074&cview=true&show_results=true&customer_portal=true
  • Floor Number: 2
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Property Description: Mid Rise
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.98456
  • Price per Sq Ft: 775.55
  • Close to Original List Price Ratio: 1
  • Ratio: Current Price\Building Area Total: 775.55
  • View: Yes
  • Co List Office Mls Id: 281502004
  • Co List Office Phone: 941-383-7591
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Elevator, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 210
  • Room Count: 5
  • Additional Rooms: Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Other Structures: Tennis Court(s)
  • Exterior Features: Balcony, Irrigation System, Sliding Doors, Tennis Court(s)
  • Roof: Membrane
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Water View: Beach, Gulf/Ocean - Full
  • Water Access: Beach - Access Deeded, Beach - Private, Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0129F
  • Waterfront Frontage: 1
  • Water Frontage Feet Ocean 2 Bay: 1

Garage/Parking

  • Parking Features: Assigned, Underground
  • Open Parking: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Pool
  • Association: No
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 2955
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 985
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 11820
  • Total Monthly Fees: 985

Lot Info

  • Zoning: GPD
  • Parcel Number: 0013041072
  • Additional Parcels: No
  • Lot Features: Zero Lot Line
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No
  • Minimum Lease: No Minimum
  • Approval Process: Please see Condominium Documents for Rental Restrictions (or Guidelines)
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Please see Condominium Documents for Rental Restrictions (or Guidelines)

Tax Info

  • Tax Annual Amount: 16078
  • Tax Book Number: 19-13
  • Tax Lot: na

Multi Family

  • Waterfront Features: Gulf/Ocean to Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2018
Closed on
Jul 13, 2018
Sold by
Flanzer Jan
Bought by
Palladium Capital Inestors Llc
Seller's Agent
Tom Cinquegrano
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Ian Addy, PA
MICHAEL SAUNDERS & COMPANY
List Price
$1,275,000
Sold Price
$1,275,000
Total Days on Market
74
Current Estimated Value
$2,144,096

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$869,096
Avg. Annual Appreciation
8.27%

Purchase Details

Closed on
Dec 22, 2017
Sold by
Kaplan Eric and Hautamaki Raymond Dean
Bought by
Flanzer Jan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1
Interest Rate
4.15%

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
Palladium Capital Inestors Llc $1,275,000 Attorney
Flanzer Jan -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dean Raymond H $1
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2018 07/17/18 Sold $1,275,000 -1.5% $776 / Sq Ft
06/03/2018 06/03/18 Pending -- -- --
05/24/2018 05/24/18 Price Changed $1,295,000 +1.6% $788 / Sq Ft
05/22/2018 05/22/18 For Sale $1,275,000 0.0% $776 / Sq Ft
03/20/2018 03/20/18 Pending -- -- --
03/20/2018 03/20/18 For Sale $1,275,000 -- $776 / 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 $23,794 $1,675,064 -- --
2023 $23,794 $1,984,700 $0 $1,984,700
2022 $20,189 $1,519,900 $0 $1,519,900
2021 $19,859 $1,454,100 $0 $1,454,100
2020 $15,186 $1,001,000 $0 $1,001,000
2019 $15,451 $1,045,000 $0 $1,045,000
2018 $15,397 $1,034,000 $0 $1,034,000
2017 $16,078 $1,067,000 $0 $1,067,000
2016 $15,486 $1,007,000 $0 $1,007,000
2015 $14,710 $942,000 $0 $942,000
2014 $14,418 $825,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4214074

Stellar MLS

APN: 0013-04-1072