NOT LISTED FOR SALE

Estimated Value: $1,229,918

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

Last Sold March 18, 2013

Last sale price $435,000 $686 Per Sq Ft

Est. 183% increase in value since last sale

Current estimated payment $7,918/month

129 Days on Market

Highlights

  • Beach Front
  • Golf Course Community
  • Fitness Center
  • Southside Elementary School Rated A
  • Water access To Gulf or Ocean
  • Saltwater Pool

About This Home

As of March 2013

This direct beachfront Club Suite at Longboat Key Club & Resort offers commanding vistas of the azure waters of New Pass and the Gulf of Mexico. This updated and fully furnished Club Suite floor plan is currently in the hotel program and realized over $69K in 2012 gross revenue. Located behind the gates of the Longboat Key Club, the exclusive, gated and private club located just off the mainland of Sarasota, Florida, this condominium-hotel offers buyers attractive rental opportunities. The property has received the AAA Four-Diamond rating and offers a multitude of ways to enjoy your leisure time including the private beach just steps away, a spa & wellness facility, Tennis Gardens with 20 tennis courts, 45 holes of championship golf, full service marina and heated pool and spa. Conveniently located at the south end of Longboat Key, owners enjoy being minutes away from renowned St. Armand's Circle shopping and the many cultural offerings in downtown Sarasota. The purchase of a condominium unit entitles you to participate in the Ownership Rental Program if you choose.

Last Listed By

Ian Addy, PA

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-383-7591 License #3066979 Listed on: 10/08/2012

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,283

Year Built

  • Built in 1982

Lot Details

  • Beach Front
  • 1,200 Feet of Waterfront
  • Northeast Facing Home

HOA Fees

  • $675 Monthly HOA Fees

Property Views

  • Full Gulf or Ocean
  • Pool

Home Design

  • Custom Home
  • Slab Foundation
  • Membrane Roofing
  • Block Exterior
  • Stucco

Interior Spaces

  • 634 Sq Ft Home
  • Furnished
  • Crown Molding
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Pool

  • Saltwater Pool
  • Spa

Outdoor Features

  • Water access To Gulf or Ocean
  • Balcony
  • Deck
  • Covered patio or porch

Location

  • Flood Zone Lot

Schools

  • Southside Elementary School
  • Booker Middle School
  • Booker High School

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, escrow reserves fund, insurance, maintenance structure, ground maintenance, management, sewer, water
  • Lighthouse Property Mgmt 941.312.5287 Association
  • High-Rise Condominium
  • Inn On The Beach Community
  • Inn On The Beach Ph I Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions
  • 10-Story Property

Amenities

  • Elevator

Recreation

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

Pet Policy

  • No Pets Allowed

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,283

Year Built

Built in 1982

Lot Details

0

HOA Fees

$675 per month

Listing Details

  • HOA Fee Includes: Cable TV, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Management, Sewer, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Custom
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 634
  • Lot Size Acres: 14.14
  • New Construction: No
  • Year Built: 1982
  • Building Area Total: 634
  • Lot Size Sq Ft: 615808
  • Directions to Property: From St. Armands Circle go north on John Ringling Parkway over New Pass bridge to Longboat Club Road traffic light, thru guard gate to Inn on the Beach Building 3 - 230 Sands Point Road 5th floor.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Floor Number: 5
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 1-7 Days
  • RATIO Current Price By Calculate: 686.12
  • Total Acreage: Non-Applicable
  • Water Access YN: 1
  • Planned Unit Development Yn: 0
  • Property Description: High Rise
  • MFR_CommunityAssociationWaterFeatures: Water Access
  • Attribution Contact: 941-383-7591
  • Tax Year: 2012
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 1
  • Interior Amenities: Crown Molding, Eat-in Kitchen, Living Room/Dining Room Combo, Solid Wood Cabinets, Stone Counters, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 1
  • Levels: One
  • Spa Yn: Yes
  • Stories: 10
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 230
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 58.90
  • Room Count: 4

Exterior Features

  • Direction Faces: Northeast
  • Pool Features: Heated, Salt Water
  • Exterior Features: Balcony, Sliding Doors
  • Roof: Membrane
  • Home Warranty: No
  • Pool Private: No
  • View: Pool, Water
  • Water Body Name: GULF OF MEXICO
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Disclosures: Condominium Disclosure Available, HOA/PUD/Condo Disclosure, Seller Property Disclosure
  • Water Access: Gulf/Ocean
  • Water Extras YN: 0
  • Water View: Gulf/Ocean - Full
  • Water View YN: 1
  • Waterfront Feet Total: 1200

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: None

Utilities

  • Utilities: Cable Connected, Electricity Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fitness Center, Gated, Golf, Pool, Tennis Courts, Waterfront Complex
  • Association Amenities: Elevator(s), Fitness Center, Gated, Maintenance, Tennis Court(s)
  • Association Fee: 2025.72
  • Association Fee Frequency: Quarterly
  • Association Name: Lighthouse Property Mgmt - 941.312.5287
  • Association: Yes
  • Security: Gated Community, Smoke Detector(s)
  • Association Fee Requirement: Required
  • Building Name Number: BUILDING 3

Fee Information

  • Total Annual Fees: 8102.88
  • Total Monthly Fees: 675.24

Schools

  • Elementary School: Southside Elementary
  • High School: Booker High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: GPD
  • Parcel Number: 0013041101
  • Additional Parcels: No
  • Lot Features: FloodZone
  • Homestead YN: 0
  • Zoning Compatible YN: 1
  • Future Land Use: 3904

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Expected Lease Date: 2013-03-18T00:00:00.000

Tax Info

  • Tax Annual Amount: 4283
  • Tax Book Number: 0019/0013
  • Tax Lot: 3504

Multi Family

  • Waterfront Features: Beach Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2012
Closed on
Mar 18, 2013
Sold by
Ross Donald M and Ross Marilyn J
Bought by
Bafa Lodging Inc
Seller's Agent
Ian Addy, PA
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Andrea Capek
EXIT KING REALTY
List Price
$465,000
Sold Price
$435,000
Premium/Discount to List
-$30,000
-6.45%
Total Days on Market
129
Current Estimated Value
$1,229,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$794,918
Avg. Annual Appreciation
9.12%

Range of Values:

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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
Bafa Lodging Inc $435,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ross Donald M $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2013 03/18/13 Sold $435,000 -6.5% $686 / Sq Ft
02/15/2013 02/15/13 Pending -- -- --
10/08/2012 10/08/12 For Sale $465,000 -- $733 / 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 $8,597 $627,506 -- --
2023 $8,597 $677,100 $0 $677,100
2022 $7,339 $518,600 $0 $518,600
2021 $7,255 $503,200 $0 $503,200
2020 $5,858 $380,000 $0 $380,000
2019 $5,962 $397,000 $0 $397,000
2018 $6,061 $401,000 $0 $401,000
2017 $6,357 $414,000 $0 $414,000
2016 $6,131 $391,000 $0 $391,000
2015 $5,715 $366,000 $0 $366,000
2014 $5,653 $321,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A3966963

Stellar MLS

APN: 0013-04-1101