NOT LISTED FOR SALE

240 Sands Point Rd Unit 4101 Longboat Key, FL 34228

Estimated Value: $908,087

1 Bed
1 Bath
732 Sq Ft
$713/mo HOA Fee

Last Sold August 14, 2020

Last sale price $633,900 $866 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $6,518/month

168 Days on Market

Highlights

  • 300 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 August 2020

Located behind the gates of the exclusive Longboat Key Club, this island getaway at The Inn on the Beach offers the ultimate resort lifestyle. Wake up every morning to dazzling beach views and the sound of gentle waves from the largest club suite, an end unit located directed on the Gulf of Mexico. The residence is beautifully furnished with an elegant island aesthetic and captivating water vistas from every room. Part of the resort rental program, this condominium is an ideal investment opportunity. Amenities are beyond compare at the Longboat Key Club where membership is available to owners. Enjoy tennis courts, 45 holes of golf, a marina, spa, fitness center, and five onsite restaurants. Just a short jaunt away, enjoy the shopping and world-class restaurants of St. Armands Circle or spend an evening in downtown Sarasota, where the arts and culture come alive with live theatre, opera, ballet, and music. This is an A+ corner unit Club Suite in building four which overlooks the beach. This unit is scheduled to be remodeled in May 2020. Photos include before & after interior remodel.

Last Agent to Sell the Property

Tom Cinquegrano

MICHAEL SAUNDERS & COMPANY License #0323798 Listed on: 01/10/2020

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Ian Addy, PA

MICHAEL SAUNDERS & COMPANY License #3066979

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,035

Year Built

  • Built in 1982

Lot Details

  • 300 Feet of Waterfront
  • Private Beach
  • End Unit
  • Northwest Facing Home
  • Mature Landscaping
  • Well Sprinkler System
  • Landscaped with Trees
  • Condo Land Included

HOA Fees

  • $713 Monthly HOA Fees

Property Views

  • Beach
  • Ocean To Bay
  • Woods

Home Design

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

Interior Spaces

  • 732 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • Furnished
  • Thermal Windows
  • Low Emissivity Windows
  • Insulated Windows
  • Drapes & Rods
  • Sliding Doors
  • Inside Utility
  • Security Gate

Kitchen

  • Cooktop<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Parking

  • Subterranean Parking
  • Open Parking

Pool

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

Outdoor Features

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

Location

  • Flood Zone Lot
  • Flood Insurance May Be Required

Utilities

  • Central Heating and Cooling System
  • Fiber Optics Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, escrow reserves fund, fidelity bond, maintenance repairs, manager, private road, recreational facilities, sewer
  • Light House Mgmt Association
  • Mid-Rise Condominium
  • Inn On The Beach Ph Ii Subdivision
  • The community has rules related to deed restrictions

Amenities

  • Elevator

Recreation

  • Tennis Courts
  • 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

$6,035

Year Built

Built in 1982

Lot Details

0

HOA Fees

$713 per month

Listing Details

  • HOA Fee Includes: Cable TV, Escrow Reserves Fund, Fidelity Bond, Maintenance Repairs, Manager, Private Road, Recreational Facilities, Sewer
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 732
  • New Construction: No
  • Year Built: 1982
  • Building Area Total: 732
  • Directions to Property: Gulf of Mexico Drive to Longboat Key Club entrance, first left after guard gate, Inn on the Beach.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4455817?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4455817?w=Customer
  • Floor Number: 3
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Property Description: Corner Unit, End Unit, Mid Rise
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 1.13217
  • Price per Sq Ft: 865.98
  • Close to Original List Price Ratio: 1.13217
  • Ratio: Current Price\Building Area Total: 865.98
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 1
  • Interior Amenities: Open Floorplan, Solid Surface Counters, Window Treatments
  • Appliances Included: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 1
  • Levels: One
  • Spa Features: Heated
  • Spa Yn: Yes
  • Stories: 4
  • Window Features: Drapes, Insulated Windows, Low Emissivity Windows, Thermal Windows, Window Treatments
  • Street Number Modifier: 240
  • Room Count: 4
  • Additional Rooms: Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Northwest
  • Other Structures: Tennis Court(s)
  • Pool Features: Gunite, Heated, In Ground, Outside Bath Access
  • Exterior Features: Balcony, Irrigation System, Sliding Doors, Tennis Court(s)
  • Roof: Membrane
  • Pool Private: No
  • View: Trees/Woods, 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
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 1251260010B
  • Waterfront Frontage: 300
  • Water Frontage Feet Beach Prvt: 300
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Connected, Fiber Optics, Fire Hydrant, Sewer Connected, Sprinkler Well, Street Lights
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, In Kitchen, Laundry Closet
  • 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, Pool, Sidewalk, Tennis Courts, Waterfront
  • Association Amenities: Cable TV, Elevator(s), Pool
  • Association Name: Light House Mgmt
  • Association: No
  • Security: Fire Alarm, Fire Sprinkler System, Gated Community, Security Gate, Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 2140
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: Yes
  • Monthly Condo Fee Amount: 713
  • Association Fee Requirement: None
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 8560
  • Total Monthly Fees: 713.33

Lot Info

  • Zoning: GPD
  • Parcel Number: 0013042001
  • Additional Parcels: No
  • Lot Features: CoastalConstruction Control Line, Flood Insurance Required, FloodZone, Sidewalk
  • Flood Zone Code: A13
  • Flood Zone Date: 1983-08-15
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Minimum Lease: No Minimum
  • Approval Process: Apply at Lighthouse Mgmt
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 6035
  • Tax Book Number: 21-7
  • Tax Lot: 6304

Multi Family

  • Waterfront Features: Beach - Private

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2020
Closed on
Aug 12, 2020
Sold by
Singh Harigovind T
Bought by
Colagreco Anthony Edward and Colagreco Tanya M
Seller's Agent
Tom Cinquegrano
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Ian Addy, PA
MICHAEL SAUNDERS & COMPANY
List Price
$559,900
Sold Price
$633,900
Premium/Discount to List
$74,000
13.22%
Current Estimated Value
$908,087

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,187
Avg. Annual Appreciation
7.28%
Original Mortgage
$284,000
Outstanding Balance
$254,744
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$641,738

Purchase Details

Listed on
Aug 10, 2018
Closed on
Sep 6, 2018
Sold by
Taylor Daniel M
Bought by
Singh Harigovind T
Seller's Agent
Tom Cinquegrano
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Tom Cinquegrano
MICHAEL SAUNDERS & COMPANY
List Price
$440,000
Sold Price
$440,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.71%
Source: Public Records

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
Colagreco Anthony Edward $633,900 Attorney
Singh Harigovind T $440,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Colagreco Anthony Edward $284,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold $633,900 +13.2% $866 / Sq Ft
06/26/2020 06/26/20 Pending -- -- --
01/10/2020 01/10/20 For Sale $559,900 +27.3% $765 / Sq Ft
09/06/2018 09/06/18 Sold $440,000 0.0% $601 / Sq Ft
08/10/2018 08/10/18 Pending -- -- --
08/10/2018 08/10/18 For Sale $440,000 -- $601 / 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 $9,474 $687,522 -- --
2023 $9,474 $741,900 $0 $741,900
2022 $8,095 $568,200 $0 $568,200
2021 $8,197 $545,900 $0 $545,900
2020 $5,946 $381,000 $0 $381,000
2019 $6,036 $397,000 $0 $397,000
2018 $6,031 $394,000 $0 $394,000
2017 $6,252 $407,000 $0 $407,000
2016 $6,025 $384,000 $0 $384,000
2015 $5,561 $359,000 $0 $359,000
2014 $5,103 $292,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tom Cinquegrano

    Seller's Agent in 2020

    Tom Cinquegrano

    Michael Saunders

    (941) 284-5049

    9 in this area

    77 Total Sales

    Tom Cinquegrano
    Section Image
  • Ian Addy, PA

    Buyer's Agent in 2020

    Ian Addy, PA

    Michael Saunders

    (941) 961-8850

    95 in this area

    120 Total Sales

    Ian Addy, PA
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4455817

Stellar MLS

APN: 0013-04-2001

Florida Sarasota County Longboat Key 34228

240 Sands Point Rd Unit 4101, Longboat Key, FL

This home is located at 240 Sands Point Rd Unit 4101, Longboat Key, FL 34228 since 10 January 2020 and is currently estimated at $908,087, approximately $1,240 per square foot. This property was built in 1982. 240 Sands Point Rd Unit 4101 is a home located in Sarasota County with nearby schools including Southside Elementary School and Booker Middle School.

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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