NOT LISTED FOR SALE

225 Sands Point Rd Unit 6304 Longboat Key, FL 34228

Estimated Value: $593,424

1 Bed
1 Bath
642 Sq Ft
$708/mo HOA Fee

Last Sold January 29, 2018

Last sale price $340,000 $530 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $4,419/month

339 Days on Market

Highlights

  • Lagoon Waterfront
  • Golf Course Community
  • Private Beach
  • Southside Elementary School Rated A
  • Water access To Gulf or Ocean To Bay
  • Fitness Center

About This Home

As of January 2018

Leave the snow behind and experience serene lagoon and skyline views from your own Longboat Key retreat. Located in a Four Diamond Resort behind the gates of The Longboat Key Club, this fabulous opportunity is just a short walk to miles of pristine beach and the soothing Gulf of Mexico. Private balconies on both sides of the residence— a rare luxury in this coveted community— provide the settings for alfresco cocktails. A charming kitchen and comfortable bedroom space are filled with natural light. Surrounded by a sun-soaked paradise of golf courses, tennis courts, a spa, fitness center and five on-site restaurants, your daily agenda will be filled with relaxation and recreation. Investors will be pleased to know this property can provide excellent rental income. The resort community is just minutes from St. Armands Circle, downtown Sarasota and the dazzling Gulf beaches, placing the very best of Sarasota living at your doorstep.

Last Agent to Sell the Property

Tom Cinquegrano

MICHAEL SAUNDERS & COMPANY License #0323798 Listed on: 02/07/2017

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,658

Year Built

  • Built in 1983

Lot Details

  • Lagoon Waterfront
  • Private Beach
  • West Facing Home
  • Mature Landscaping
  • Landscaped with Trees
  • Zero Lot Line

HOA Fees

  • $708 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 3rd floor
  • Slab Foundation
  • Membrane Roofing
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 642 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • Furnished
  • Thermal Windows
  • Blinds
  • Rods
  • Sliding Doors
  • Inside Utility
  • Lagoon Views
  • Security System Owned

Kitchen

  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • Subterranean Parking
  • Guest Parking
  • Open Parking

Pool

  • Heated In Ground Pool
  • Heated Spa
  • Gunite Pool
  • Outside Bathroom Access

Outdoor Features

  • Water access To Gulf or Ocean To Bay
  • Access To Lagoon or Estuary
  • Deeded access to the beach
  • Balcony

Location

  • Flood Zone Lot

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include pool, escrow reserves fund, fidelity bond, insurance, internet, maintenance structure, ground maintenance, management, private road, recreational facilities, sewer, water
  • 221 Units
  • Light House Mgmt Association
  • Inn On The Beach Ph III Subdivision
  • The community has rules related to building or community restrictions, deed restrictions

Recreation

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

Pet Policy

  • No Pets Allowed

Security

  • Gated Community
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,658

Year Built

Built in 1983

Lot Details

0

HOA Fees

$708 per month

Listing Details

  • HOA Fee Includes: Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Management, Private Road, Recreational Facilities, Sewer, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 642
  • New Construction: No
  • Year Built: 1983
  • Building Area Total: 642
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Floor Number: 3
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 529.60
  • Total Acreage: Up to 10,889 Sq. Ft.
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Property Description: End Unit,Corner Unit,Mid Rise
  • Tax Year: 2016
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 1
  • Interior Amenities: Open Floorplan, Window Treatments
  • Appliances Included: Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
  • Foundation Details: Slab, Stilt/On Piling
  • Total Bedrooms: 1
  • Levels: One
  • Spa Features: Heated
  • Spa Yn: Yes
  • Stories: 4
  • Window Features: Blinds, Rods, Thermal Windows, Window Treatments
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Inside Utility

Exterior Features

  • Direction Faces: West
  • Other Structures: Tennis Court(s)
  • Pool Features: Gunite, Heated, In Ground, Outside Bath Access
  • Exterior Features: Sliding Doors, Balcony, Tennis Court(s)
  • Roof: Membrane
  • Home Warranty: No
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure
  • Water Access: Beach - Access Deeded,Beach - Private,Gulf/Ocean to Bay,Lagoon
  • Water View: Lagoon
  • Water View YN: 1
  • Waterfront Feet Total: 1
  • Flood Zone Panel: 1251260010B
  • Water Frontage Feet Lagoon: 1

Garage/Parking

  • Parking Features: Covered, Guest, Open, Underground

Utilities

  • Utilities: Cable Connected, Electricity Connected, Fire Hydrant, Public, Street Lights
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fitness Center, Gated, Golf, Playground, Pool, Special Community Restrictions, Tennis Courts, Water Access
  • Association Amenities: Fitness Center, Gated, Playground, Tennis Court(s)
  • Association Name: Light House Mgmt
  • Association: No
  • Security: Fire Sprinkler System, Gated Community, Security System Owned, Smoke Detector(s)
  • Senior Community: No
  • Association Approval Required YN: 1
  • Association Fee Requirement: None
  • Condo Fees: 2125
  • Monthly Condo Fee Amount: 708

Lot Info

  • Zoning: GPD
  • Parcel Number: 0013043016
  • Additional Parcels: No
  • Lot Features: FloodZone, Sidewalk, Paved, Zero Lot Line
  • Flood Zone Code: A13

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Lease Restrictions YN: 0

Multi Family

  • Number Of Units Total: 221
  • Waterfront Features: Lagoon
  • Approval Process: Apply at Lighthouse Mgmt

Tax Info

  • Tax Annual Amount: 3658
  • Tax Book Number: 21-7
  • Tax Lot: 6304

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2017
Closed on
Jan 29, 2018
Sold by
Thor Kirk K and Thor Alessandra M
Bought by
Johnson Edward S and Johnson Sharon Coit
Seller's Agent
Tom Cinquegrano
MICHAEL SAUNDERS & COMPANY
List Price
$374,900
Sold Price
$340,000
Premium/Discount to List
-$34,900
-9.31%
Current Estimated Value
$593,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,424
Avg. Annual Appreciation
7.45%

Purchase Details

Closed on
Feb 15, 2008
Sold by
Thor Kirk K
Bought by
Thor Kirk K and Thor Alessandra M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
5.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 2004
Sold by
Callans James M and Callans Joanna
Bought by
Collins Arthur C and Collins Sandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
5.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 2, 2003
Sold by
Michels Mary M
Bought by
Callans James M and Callans Joanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
5.79%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Johnson Edward S $340,000 Msc Title Inc
Thor Kirk K -- Properties Title
Thor Kirk K $390,000 Properties Title Llc
Collins Arthur C $370,000 --
Callans James M $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thor Kirk K $215,000
Previous Owner Collins Arthur C $296,000
Previous Owner Callans James M $198,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2018 08/17/18 Off Market $340,000 -- --
01/29/2018 01/29/18 Sold $340,000 -2.9% $530 / Sq Ft
01/13/2018 01/13/18 Pending -- -- --
10/02/2017 10/02/17 Price Changed $350,000 -6.6% $545 / Sq Ft
02/07/2017 02/07/17 For Sale $374,900 -- $584 / 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 $7,064 $440,428 -- --
2023 $7,064 $652,000 $0 $652,000
2022 $5,937 $499,300 $0 $499,300
2021 $6,121 $515,900 $0 $515,900
2020 $3,814 $251,000 $0 $251,000
2019 $3,880 $262,000 $0 $262,000
2018 $3,760 $252,000 $0 $252,000
2017 $3,867 $259,545 $0 $0
2016 $3,658 $246,000 $0 $246,000
2015 $3,470 $230,000 $0 $230,000
2014 $3,071 $190,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tom Cinquegrano

    Seller's Agent in 2018

    Tom Cinquegrano

    Michael Saunders

    (941) 284-5049

    7 in this area

    74 Total Sales

    Tom Cinquegrano
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Map

Source: Stellar MLS

MLS Number: A4177213

Stellar MLS

APN: 0013-04-3016

Florida Sarasota County Longboat Key 34228

225 Sands Point Rd Unit 6304, Longboat Key, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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