NOT LISTED FOR SALE

Estimated Value: $1,896,323

2 Beds
2 Baths
1,284 Sq Ft
$892/mo HOA Fee

Last Sold February 08, 2021

Last sale price $1,350,000 $1,051 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $12,975/month

3 Days on Market

Highlights

  • 1,200 Feet of Waterfront
  • Water access To Gulf or Ocean
  • Gated Community
  • Southside Elementary School Rated A
  • Full Gulf or Ocean Views
  • 14.14 Acre Lot

About This Home

As of February 2021

This is a rarely available seventh floor upper unit featuring a full water view of the Gulf of Mexico and a private balcony. Located within the prestigious Longboat Key Club Resort, guests enjoy 45-holes of championship golf, 20 har-tru tennis courts, and a private beach. Other Longboat Key Club amenities include a spa and salon, fitness center, five restaurants and lounges, a deep-water marina, private cabanas, pool and beachside service, maid service, and concierge service. The resort is conveniently located on the South side of Longboat Key, just minutes to St. Armand’s Circle, Lido Key, and downtown Sarasota. This unit is currently in the condo-hotel program and accumulates over $150,000 of annual gross revenue. This is the perfect combination to enjoy luxurious waterfront beach getaways and own an income producing property.

Last Listed By

Matt Leicht

REAL BROKER, LLC License #3332218 Listed on: 01/22/2021

REAL BROKER, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,804

Year Built

  • Built in 1982

Lot Details

  • 1,200 Feet of Waterfront
  • Property fronts gulf or ocean
  • Property fronts a private road
  • East Facing Home

HOA Fees

  • $892 Monthly HOA Fees

Parking

  • Open Parking

Home Design

  • Slab Foundation
  • Block Exterior
  • Pile Dwellings

Interior Spaces

  • 1,284 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Insulated Windows
  • Blinds
  • Drapes & Rods
  • Sliding Doors
  • Full Gulf or Ocean Views

Kitchen

  • Eat-In Kitchen
  • Convection Oven
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Water access To Gulf or Ocean
  • Balcony
  • Covered patio or porch
  • Exterior Lighting

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, internet, maintenance structure, ground maintenance, manager, pest control, private road
  • Lighthouse Property Management Association, Phone Number (941) 312-5287
  • High-Rise Condominium
  • Inn On The Beach Community
  • Inn On The Beach Ph I Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Card or Code Access
  • Gated Community
  • Fire and Smoke Detector

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,804

Year Built

Built in 1982

Lot Details

0

HOA Fees

$892 per month

Listing Details

  • HOA Fee Includes: 24-Hour Guard, Cable TV, Internet, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Private Road
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1284
  • Lot Size Acres: 14.14
  • New Construction: No
  • Year Built: 1982
  • Building Area Total: 1284
  • Lot Size Sq Ft: 615808
  • Directions to Property: From St Armands Circle go to Longboat Key, once on the key take the first left into the Resort of the Longboat Key Club and proceed straight to the guard gate then tell them where you are going, proceed straight to the resort. Condo building is building 2.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4489191?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4489191?w=Customer
  • Floor Number: 7
  • Homestead Y N: No
  • Total Acreage: 10 to less than 20
  • Unit Number Y N: No
  • Property Description: High Rise
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 1051.4
  • Close to Original List Price Ratio: 1
  • Ratio: Current Price\Building Area Total: 1051.4
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, Elevator, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Washer
  • Foundation Details: Slab, Stilt/On Piling
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Window Features: Blinds, Drapes, Insulated Windows
  • Street Number Modifier: 210
  • Room Count: 4

Exterior Features

  • Direction Faces: East
  • Exterior Features: Balcony, Lighting, Sliding Doors
  • Roof: Other
  • Pool Private: No
  • Road Frontage Type: Private Road
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Covered
  • Road Surface Type: Paved, Asphalt
  • Water View: Gulf/Ocean - Full
  • Water Access: Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0129F
  • Waterfront Frontage: 1200
  • Water Frontage Feet Gulf Ocean: 1200
  • Disclosures: Condominium Disclosure Available

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Open
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Gated Community, Playground, Pool, Tennis Courts, Waterfront
  • Association Fee: 2675
  • Association Fee Frequency: Quarterly
  • Association Name: Lighthouse Property Management
  • Phone: 941-312-5287
  • Association: Yes
  • Security: Gated Community, Key Card Entry, Smoke Detector(s)
  • Senior Community: No
  • Condo Land Included Y N: No
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 10700
  • Monthly HOA Fee: 891.67
  • Total Monthly Fees: 891.67

Lot Info

  • Zoning: GPD
  • Parcel Number: 0013041058
  • Additional Parcels: No
  • Property Attached Yn: No
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Minimum Lease: 1-7 Days
  • Approval Process: Unit is currently in the condo-hotel program. Unit will have to stay in the program for 120 days after purchase.
  • Num Timesper Year: 365
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Unit is currently in the condo-hotel program.

Tax Info

  • Tax Annual Amount: 11804.1
  • Tax Book Number: 19-13
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2021
Closed on
Feb 5, 2021
Sold by
2702 Lbk Llc
Bought by
Weiler David and Weiler Linda M
Seller's Agent
Matt Leicht
REAL BROKER, LLC
Buyer's Agent
Betsy De Manio
COLDWELL BANKER REALTY
List Price
$1,350,000
Sold Price
$1,350,000
Total Days on Market
3
Current Estimated Value
$1,896,323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$546,323
Avg. Annual Appreciation
8.44%

Purchase Details

Listed on
Feb 11, 2020
Closed on
Jul 14, 2020
Sold by
Vanguard Realty Family Lp
Bought by
2702 Lbk Llc
Seller's Agent
Reid Murphy
DEVELOPERS REALTY LBK, INC
Buyer's Agent
Matt Leicht
REAL BROKER, LLC
List Price
$1,325,000
Sold Price
$1,265,000
Premium/Discount to List
-$60,000
-4.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.87%

Purchase Details

Listed on
Feb 11, 2020
Closed on
Jul 10, 2020
Sold by
Vinson John A and Pimlico Investments Llc
Bought by
Vanguard Realty Family Lp
Seller's Agent
Reid Murphy
DEVELOPERS REALTY LBK, INC
Buyer's Agent
Matt Leicht
REAL BROKER, LLC
List Price
$1,325,000
Sold Price
$1,265,000
Premium/Discount to List
-$60,000
-4.53%

Purchase Details

Listed on
May 15, 2013
Closed on
Apr 30, 2014
Sold by
Bendheim Kathryn Dyer
Bought by
Pimlico Investments Llc
Seller's Agent
Ian Addy, PA
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Reid Murphy
DEVELOPERS REALTY LBK, INC
List Price
$995,000
Sold Price
$950,000
Premium/Discount to List
-$45,000
-4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.73%

Range of Values:

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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
Weiler David $1,350,000 Attorney
2702 Lbk Llc -- Attorney
Vanguard Realty Family Lp $1,265,000 Attorney
Pimlico Investments Llc $950,000 Attorney
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2021 02/08/21 Sold $1,350,000 0.0% $1,051 / Sq Ft
01/25/2021 01/25/21 Pending -- -- --
01/22/2021 01/22/21 For Sale $1,350,000 +6.7% $1,051 / Sq Ft
07/10/2020 07/10/20 Sold $1,265,000 -4.5% $985 / Sq Ft
06/11/2020 06/11/20 Pending -- -- --
02/10/2020 02/10/20 For Sale $1,325,000 +39.5% $1,032 / Sq Ft
04/30/2014 04/30/14 Sold $950,000 -4.5% $740 / Sq Ft
02/27/2014 02/27/14 Pending -- -- --
12/09/2013 12/09/13 Price Changed $995,000 +3.6% $775 / Sq Ft
10/11/2013 10/11/13 Price Changed $960,000 -1.0% $748 / Sq Ft
09/09/2013 09/09/13 Price Changed $970,000 -2.5% $755 / Sq Ft
05/15/2013 05/15/13 For Sale $995,000 -- $775 / 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 $18,833 $1,406,262 -- --
2023 $18,833 $1,517,600 $0 $1,517,600
2022 $16,011 $1,162,200 $0 $1,162,200
2021 $16,222 $1,116,800 $0 $1,116,800
2020 $11,804 $792,000 $0 $792,000
2019 $12,002 $826,000 $0 $826,000
2018 $12,043 $818,000 $0 $818,000
2017 $12,565 $844,000 $0 $844,000
2016 $12,104 $797,000 $0 $797,000
2015 $11,633 $745,000 $0 $745,000
2014 $11,409 $653,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4489191

Stellar MLS

APN: 0013-04-1058