NOT LISTED FOR SALE

Estimated Value: $2,082,264

2 Beds
2 Baths
1,699 Sq Ft
$985/mo HOA Fee

Last Sold November 07, 2018

Last sale price $1,250,000 $736 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $14,482/month

20 Days on Market

Highlights

  • 600 Feet of Waterfront
  • Beach View
  • Water access To Gulf or Ocean To Bay
  • Southside Elementary School Rated A
  • Golf Course Community
  • Private Beach

About This Home

As of November 2018

Imagine resort living at its finest from this dazzling two-bedroom, two-bathroom residence located behind the gates of the exclusive Longboat Key Club. Let the sea and sky be your daily canvas featuring the most spectacular Gulf and beach views available at Sands Point. Beautifully furnished with stylish attention to detail, the retreat offers 1,600 SF of relaxed living space with sunset and seascape vistas from every room. The open floor plan connects the kitchen, dining and living room and is ideal for spending time with loved ones amidst a relaxed ambiance. This Gulf-front community epitomizes an island paradise vibe, all just moments from miles of pristine sandy beaches. Membership in the Longboat Key Club is available to owners, offering access to outstanding amenities including tennis courts, 54 holes of golf, a marina, spa, fitness center and restaurants. This residence is part of the resort rental program, making it an ideal investment property. Nearby St. Armands Circle beckons with all its shopping and world-class restaurants, while the cultural epicenter of downtown Sarasota is also within easy reach.

Last Listed By

Tom Cinquegrano

MICHAEL SAUNDERS & COMPANY License #0323798 Listed on: 09/21/2018

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,078

Year Built

  • Built in 1982

Lot Details

  • 600 Feet of Waterfront
  • Property fronts a private road
  • Private Beach
  • End Unit
  • Southwest Facing Home
  • Mature Landscaping
  • Well Sprinkler System
  • Oak Trees

HOA Fees

  • $985 Monthly HOA Fees

Property Views

  • Beach
  • Ocean To Bay

Home Design

  • Condo Hotel
  • Contemporary Architecture
  • Membrane Roofing
  • Block Exterior
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 1,699 Sq Ft Home
  • Furnished
  • Crown Molding
  • Thermal Windows
  • Blinds
  • Sliding Doors
  • Family Room Off Kitchen

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • 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

Parking

  • Subterranean Parking
  • Open Parking

Accessible Home Design

  • Central Living Area
  • Wheelchair Access
  • Accessible Doors

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Pool Lighting

Outdoor Features

  • Water access To Gulf or Ocean To Bay
  • Deeded access to the beach
  • Balcony
  • Deck
  • Covered patio or porch

Location

  • Flood Zone Lot

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, escrow reserves fund, fidelity bond, insurance, maintenance structure, ground maintenance, manager, pool maintenance, private road
  • High-Rise Condominium
  • Inn On The Beach Community
  • Inn On The Beach Ph I Subdivision
  • The community has rules related to deed restrictions
  • 10-Story Property

Amenities

  • Elevator

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Security Service
  • Gated Community
  • Storm Windows
  • Fire and Smoke Detector
  • Fire Sprinkler System

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

  • HOA Fee Includes: Cable TV, Escrow Reserves Fund, Fidelity Bond, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pool Maintenance, Private Road
  • Property Type: Residential
  • Property Sub Type: Condo - Hotel
  • Architectural Style: Contemporary
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1699
  • New Construction: No
  • Year Built: 1982
  • Accessibility Features: Accessible Central Living Area, Accessible Doors
  • Building Area Total: 1699
  • Directions to Property: From SAC to LBK, left at "The Resort at LBK", proceed to Sands Point Rd, left to condo on right
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4413978&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4413978&cview=true&show_results=true&customer_portal=true
  • Floor Number: 9
  • Homestead Y N: No
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Property Description: Corner Unit, End Unit, High Rise
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.95057
  • Price per Sq Ft: 735.73
  • Close to Original List Price Ratio: 0.95057
  • Ratio: Current Price\Building Area Total: 735.73
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Crown Molding, Kitchen/Family Room Combo, Solid Surface Counters, Split Bedroom, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 2
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 10
  • Window Features: Blinds, Thermal Windows, Storm Window(s)
  • Street Number Modifier: 210
  • Room Count: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Southwest
  • Other Structures: Tennis Court(s)
  • Pool Features: Gunite, Heated, In Ground, Lighting
  • Exterior Features: Balcony, Irrigation System, Sidewalk, Sliding Doors, Tennis Court(s)
  • Roof: Membrane
  • Pool Private: Yes
  • Road Frontage Type: Private Road
  • View: Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck
  • Road Surface Type: Paved
  • Water View: Beach, Gulf/Ocean to Bay
  • Water Access: Beach - Access Deeded, Beach - Private, Gulf/Ocean to Bay
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0129F
  • Waterfront Frontage: 600
  • Water Frontage Feet Beach Prvt: 600
  • Disclosures: Condominium Disclosure Available, HOA/PUD/Condo Disclosure

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Electricity Connected, Fiber Optics, Public, Sewer Connected, Sprinkler Well, Street Lights
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Gated Community, Golf, Playground, Pool, Sidewalk, Tennis Courts, Water Access
  • Association Amenities: Cable TV, Fitness Center, Gated, Golf Course, Playground, Pool, Security, Tennis Court(s), Wheelchair Access
  • Association: No
  • Security: Fire Alarm, Fire Sprinkler System, Gated Community, 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: 0013041068
  • Additional Parcels: No
  • Lot Features: CoastalConstruction Control Line, FloodZone
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Minimum Lease: No Minimum
  • Approval Process: Please see Condominium Documents for Rental Restrictions (or Guidelines)
  • Lease Restrictions Y N: No
  • 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: 0

Multi Family

  • Waterfront Features: Beach - Private

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2018
Closed on
Nov 9, 2018
Sold by
Herman Zell Llc
Bought by
Lbk2907 Llc
Seller's Agent
Tom Cinquegrano
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Glenda Pizzoferrato
List Price
$1,315,000
Sold Price
$1,250,000
Premium/Discount to List
-$65,000
-4.94%
Total Days on Market
20
Current Estimated Value
$2,082,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$832,264
Avg. Annual Appreciation
8.52%

Purchase Details

Listed on
Feb 26, 2018
Closed on
Mar 26, 2018
Sold by
Kaludis Peter M
Bought by
Herman Zell Llc
Seller's Agent
Tom Cinquegrano
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Tom Cinquegrano
MICHAEL SAUNDERS & COMPANY
List Price
$1,275,000
Sold Price
$1,200,000
Premium/Discount to List
-$75,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.69%

Purchase Details

Closed on
Oct 1, 2016
Bought by
Kaludis Peter M

Range of Values:

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Average Value
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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
Lbk2907 Llc $1,250,000 Attorney
Herman Zell Llc $1,200,000 Attorney
Kaludis Peter M $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lbk2907 Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2018 11/07/18 Sold $1,250,000 -4.9% $736 / Sq Ft
10/11/2018 10/11/18 Pending -- -- --
09/21/2018 09/21/18 For Sale $1,315,000 +9.6% $774 / Sq Ft
03/23/2018 03/23/18 Sold $1,200,000 -5.9% $730 / Sq Ft
02/26/2018 02/26/18 Pending -- -- --
02/26/2018 02/26/18 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 $23,435 $1,664,549 -- --
2023 $23,435 $1,949,900 $0 $1,949,900
2022 $19,883 $1,493,200 $0 $1,493,200
2021 $19,595 $1,434,800 $0 $1,434,800
2020 $15,113 $1,001,000 $0 $1,001,000
2019 $15,378 $1,045,000 $0 $1,045,000
2018 $15,324 $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: A4413978

Stellar MLS

APN: 0013-04-1068