NOT LISTED FOR SALE

Estimated Value: $715,046

1 Bed
1 Bath
634 Sq Ft
$675/mo HOA Fee

Last Sold May 14, 2018

Last sale price $420,000 $662 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $5,312/month

234 Days on Market

Highlights

  • 1,800 Feet of Waterfront
  • Beach View
  • Private Beach
  • Southside Elementary School Rated A
  • Water access To Gulf or Ocean
  • Heated In Ground Pool

About This Home

As of May 2018

Located behind the exclusive gates of the Longboat Key club, just minutes from St. Armands Circle and downtown Sarasota, this residence is only a short drive away from world class shopping and elegant dining options. Relax on your private balcony and enjoy exquisite oceanfront views as your day begins or view stunning sunsets as you unwind at the end of your day. This award winning resort offers a plethora of amenities
including tennis courts, golf, a spa and fitness center. Feel the stresses of the day melt away as you enjoy the bubbling waters of the hot tub or enjoy the relaxation of a spa treatment. A fitness center allows you to personalize your workout to meet your own goals as well as your own schedule. This suite is currently part of the resort rental program, making it the perfect investment residence. Gross income last year was $81, 881.98.
Schedule an appointment today to see these picturesque views for yourself!

Last Listed By

jeffrey Rhinelander

COLDWELL BANKER REALTY License #3290847 Listed on: 08/16/2017

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,148

Year Built

  • Built in 1982

Lot Details

  • 1,800 Feet of Waterfront
  • Property fronts gulf or ocean
  • Property fronts a public beach
  • Private Beach
  • Public Beach
  • Mature Landscaping
  • Landscaped with Trees

HOA Fees

  • $675 Monthly HOA Fees

Parking

  • Assigned Parking

Property Views

  • Beach
  • Full Gulf or Ocean
  • Pool

Home Design

  • Slab Foundation
  • Block Exterior

Interior Spaces

  • 634 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Blinds
  • Entrance Foyer
  • Combination Dining and Living Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Pool

  • Heated In Ground Pool
  • Heated Spa
  • Gunite Pool

Outdoor Features

  • Water access To Gulf or Ocean
  • No Fixed Bridges
  • Balcony
  • Deck
  • Covered patio or porch

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 cable TV, community pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, maintenance repairs, pest control, private road, recreational facilities, security, sewer, trash, water
  • 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
  • 8-Story Property

Recreation

  • Community Pool
  • Tennis Courts

Pet Policy

  • No Pets Allowed

Additional Features

  • Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,148

Year Built

Built in 1982

Lot Details

0

HOA Fees

$675 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Pest Control, Private Road, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 634
  • New Construction: No
  • Year Built: 1982
  • Building Area Total: 634
  • Directions to Property: Left on Sands pt after the gates, resort is on the right
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4193993&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4193993&cview=true&show_results=true&customer_portal=true
  • Floor Number: 2
  • Homestead Y N: No
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Property Description: High Rise
  • Ratio: Close Price\List Price: 0.89552
  • Price per Sq Ft: 662.46
  • Ratio: Current Price\Building Area Total: 662.46
  • View: Yes
  • Ownership: Condominium
  • Tax Year: 2017
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 1
  • Interior Amenities: Built in Features, Crown Molding, Living Room/Dining Room Combo, Open Floorplan, Stone Counters
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 1
  • Levels: One
  • Spa Features: Heated
  • Spa Yn: Yes
  • Stories: 8
  • Window Features: Blinds
  • Street Number Modifier: 230
  • Room Count: 3
  • Additional Rooms: Foyer

Exterior Features

  • Other Structures: Tennis Court(s)
  • Pool Features: Gunite, Heated, In Ground
  • Exterior Features: Balcony, Tennis Court(s)
  • Roof: Other
  • Pool Private: No
  • View: Pool, Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Water View: Beach, Gulf/Ocean - Full
  • Water Access: Beach - Private, Beach - Public, Gulf/Ocean
  • Water Extras: Bridges - No Fixed Bridges, Sailboat Water
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12115C0129F
  • Waterfront Frontage: 1800
  • Water Frontage Feet Beach Pub: 300
  • Water Frontage Feet Beach Prvt: 300
  • Water Frontage Feet Gulf Ocean: 1200

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public
  • 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, Pool
  • Association Fee: 2025
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Security: 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: 8100
  • Monthly HOA Fee: 675
  • Total Monthly Fees: 675

Lot Info

  • Zoning: GPD
  • Parcel Number: 0013041081
  • Additional Parcels: No
  • Lot Features: FloodZone, In County
  • Millage Rate: 15.19
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04

Rental Info

  • Pets Allowed: No
  • Minimum Lease: 1-7 Days
  • Approval Process: Application Approval process
  • Num Timesper Year: 365
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See Condo Docs

Tax Info

  • Tax Annual Amount: 6148
  • Tax Book Number: 19-13
  • Tax Lot: 3205

Multi Family

  • Waterfront Features: Beach - Private, Beach - Public, Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2018
Sold by
Grimaldi Stephen D
Bought by
Grimaldi Stephen D and Grimaldi Grazyna
Total Days on Market
234
Current Estimated Value
$715,046

Purchase Details

Listed on
Aug 16, 2017
Closed on
May 14, 2018
Sold by
Gibbins Davin Andrew and Gibbins Jacqueline
Bought by
Grimaldi Stephen D
Seller's Agent
jeffrey Rhinelander
COLDWELL BANKER REALTY
Buyer's Agent
Michael Renick
MANGROVE REALTY ASSOCIATES
List Price
$469,000
Sold Price
$420,000
Premium/Discount to List
-$49,000
-10.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.02%

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
Grimaldi Stephen D -- Attorney
Grimaldi Stephen D $420,000 Attorney
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2018 05/14/18 Sold $420,000 -10.4% $662 / Sq Ft
04/07/2018 04/07/18 Pending -- -- --
02/01/2018 02/01/18 For Sale $469,000 +11.7% $740 / Sq Ft
02/01/2018 02/01/18 Off Market $420,000 -- --
08/16/2017 08/16/17 For Sale $469,000 +21.8% $740 / Sq Ft
02/28/2013 02/28/13 Sold $385,000 -1.0% $607 / Sq Ft
02/17/2013 02/17/13 Pending -- -- --
01/28/2013 01/28/13 Price Changed $389,000 -4.9% $614 / Sq Ft
11/29/2012 11/29/12 For Sale $409,000 -- $645 / 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 $8,080 $597,861 -- --
2023 $8,080 $645,200 $0 $645,200
2022 $6,880 $494,100 $0 $494,100
2021 $6,964 $481,800 $0 $481,800
2020 $5,722 $379,000 $0 $379,000
2019 $5,827 $396,000 $0 $396,000
2018 $5,926 $400,000 $0 $400,000
2017 $6,149 $413,000 $0 $413,000
2016 $5,923 $390,000 $0 $390,000
2015 $5,700 $365,000 $0 $365,000
2014 $5,637 $320,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4193993

Stellar MLS

APN: 0013-04-1081