NOT LISTED FOR SALE

240 Sands Point Rd Unit 4105 Longboat Key, FL 34228

Estimated Value: $1,110,625

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

Last Sold May 12, 2014

Last sale price $460,000 $719 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $7,229/month

40 Days on Market

Highlights

  • Beach Access
  • Golf Course Community
  • Heated Indoor Pool
  • Southside Elementary School Rated A
  • Property fronts gulf or ocean
  • Custom Home

About This Home

As of May 2014

Beachfront condo located on Longboat Key at the Inn on the Beach. This first floor unit has its own terrace with a direct view of the beach and the Gulf of Mexico. Walk from the terrace to the beach ! The Inn on the Beach is a AAA Four Diamond resort with golf, tennis ,spa and fitness center, marina and restaraunts too. This property operates as a hotel, so you can enjoy the use of the condo or receive income when in the rental program. This an exceptional unit that's a " must" see ! This unit is in the rental program and in 2013 the unit grossed $66,800.00 in rental income.

Last Agent to Sell the Property

Tom Cinquegrano

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-907-9595 License #0323798 Listed on: 02/27/2014

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,380

Year Built

  • Built in 1982

Lot Details

  • Property fronts gulf or ocean
  • Northwest Facing Home
  • Mature Landscaping
  • Well Sprinkler System
  • Landscaped with Trees
  • Zero Lot Line

HOA Fees

  • $675 Monthly HOA Fees

Parking

  • 5 Car Garage
  • Guest Parking

Home Design

  • Condo Hotel
  • Custom Home
  • Entry on the 1st floor
  • Stem Wall Foundation
  • Membrane Roofing
  • Block Exterior
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 640 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Crown Molding
  • Thermal Windows
  • Rods
  • Sliding Doors
  • Family Room Off Kitchen
  • Inside Utility
  • Full Gulf or Ocean Views
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Range with Range Hood
  • Recirculated Exhaust Fan
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry in Hall
  • Dryer
  • Washer

Eco-Friendly Details

  • Ventilation
  • HVAC Cartridge or Media Filter

Pool

  • Heated Indoor Pool
  • Saltwater Pool
  • Vinyl Pool
  • Spa
  • Outside Bathroom Access

Outdoor Features

  • Beach Access
  • Water access To Gulf or Ocean
  • Deeded access to the beach
  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Outdoor Storage
  • Porch

Utilities

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

Additional Features

  • Customized Wheelchair Accessible
  • Flood Zone Lot

Listing and Financial Details

  • Assessor Parcel Number 0013042005

Community Details

Overview

  • Association fees include cable TV, escrow reserves fund, fidelity bond, insurance, maintenance structure, ground maintenance, maintenance, management, private road, security, sewer, trash, water
  • 221 Units
  • Light House Prop Mgmt Association
  • Inn On The Beach Ph II Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions, fencing
  • 6-Story Property

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Golf Course Community
  • Tennis Courts

Pet Policy

  • No Pets Allowed

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,380

Year Built

Built in 1982

Lot Details

0

HOA Fees

$675 per month

Parking

5

Listing Details

  • HOA Fee Includes: Cable TV, Escrow Reserves Fund, Fidelity Bond, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Private Road, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condo - Hotel
  • Architectural Style: Custom
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 640
  • New Construction: No
  • Year Built: 1982
  • Accessibility Features: Customized Wheelchair Accessible
  • Building Area Total: 640
  • Directions to Property: Gulf of Mexico Drive to Longboat Key Club Rd., go west to The Inn on the Beach reception area.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Floor Number: 1
  • List Office Head Office Key Nume: 1046728
  • RATIO Current Price By Calculate: 718.75
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Planned Unit Development Yn: 0
  • Property Description: Studio/Efficiency,Elevated,Mid Rise
  • MFR_CommunityAssociationWaterFeatures: Water Access
  • Attribution Contact: 941-907-9595
  • Tax Year: 2013
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 1
  • Interior Amenities: Crown Molding, Eat-in Kitchen, Kitchen/Family Room Combo, Open Floorplan, Solid Surface Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Stem Wall, Stilt/On Piling
  • Total Bedrooms: 1
  • Levels: One
  • Spa Yn: Yes
  • Stories: 6
  • Window Features: Rods, Thermal Windows, Window Treatments
  • Street Number Modifier: 240
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Inside Utility
  • Living Area Meters: 59.46
  • Room Count: 4

Exterior Features

  • Direction Faces: Northwest
  • Other Structures: Storage, Tennis Court(s)
  • Pool Features: Heated, Indoor, Outside Bath Access, Salt Water, Vinyl
  • Exterior Features: Balcony, Irrigation System, Lighting, Sliding Doors, Storage, Tennis Court(s)
  • Roof: Membrane, Other
  • Home Warranty: No
  • Pool Private: Yes
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Patio, Porch
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure
  • Water Access: Beach,Beach - Access Deeded,Gulf/Ocean
  • Water Extras YN: 0
  • Water View: Gulf/Ocean - Full
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 5
  • Garage Yn: Yes
  • Parking Features: Guest

Utilities

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

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Gated, Golf, Tennis Courts, Waterfront Complex
  • Association Amenities: Elevator(s), Fence Restrictions, Gated, Storage, Tennis Court(s)
  • Association Name: Light House Prop Mgmt
  • Association: No
  • Security: Gated Community, Security System Owned, Smoke Detector(s)
  • Senior Community: No
  • Association Fee Requirement: None
  • Building Name Number: 4
  • Condo Fees: 2025
  • Monthly Condo Fee Amount: 675
  • SW Subdiv Condo Num: 7711

Fee Information

  • Total Annual Fees: 8100.00
  • Total Monthly Fees: 675.00

Lot Info

  • Zoning: GPD
  • Parcel Number: 0013042005
  • Additional Parcels: No
  • Lot Features: CoastalConstruction Control Line, FloodZone, In County, Paved, Private, Zero Lot Line
  • Homestead YN: 0
  • Zoning Compatible YN: 1
  • Future Land Use: 3904

Green Features

  • Green Indoor Air Qlty: HVAC Cartridge/Media Filter, Ventilation

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Expected Lease Date: 2014-05-12T00:00:00.000

Multi Family

  • Number Of Units Total: 221
  • Waterfront Features: Gulf/Ocean

Tax Info

  • Tax Annual Amount: 4380
  • Tax Book Number: 19/25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2014
Closed on
May 7, 2014
Sold by
Contino James and Contino Mary T
Bought by
Farrauto Leonardo and Dixon Beverly A
Seller's Agent
Tom Cinquegrano
MICHAEL SAUNDERS & COMPANY
List Price
$479,900
Sold Price
$460,000
Premium/Discount to List
-$19,900
-4.15%
Current Estimated Value
$1,110,625

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$650,625
Avg. Annual Appreciation
8.06%

Purchase Details

Closed on
Jun 12, 2003
Sold by
Macintosh Donald K and Macintosh Iris J
Bought by
Contino James and Contino Mary T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
5.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2001
Sold by
Lyon Prop Assoc L L C
Bought by
Macintosh Donald K and Macintosh Iris J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
7.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 16, 1994
Sold by
Moyer James D and Moyer Lee Ellen
Bought by
Ottofy Nancy Miller and Ottofy Glyn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,050
Interest Rate
6.97%
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
Farrauto Leonardo $460,000 Sunbelt Title Agency
Contino James $355,000 --
Macintosh Donald K $300,000 --
Ottofy Nancy Miller $237,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Contino James $200,000
Previous Owner Contino James $100,000
Previous Owner Contino James $228,000
Previous Owner Macintosh Donald K $225,000
Previous Owner Ottofy Nancy Miller $154,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2014 05/12/14 Sold $460,000 -4.1% $719 / Sq Ft
04/09/2014 04/09/14 Pending -- -- --
02/27/2014 02/27/14 For Sale $479,900 -- $750 / 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 $8,270 $597,498 -- --
2023 $8,270 $644,900 $0 $644,900
2022 $7,070 $493,800 $0 $493,800
2021 $7,157 $479,200 $0 $479,200
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 $5,606 $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 2014

    Tom Cinquegrano

    Michael Saunders

    (941) 284-5049

    7 in this area

    76 Total Sales

    Tom Cinquegrano
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Map

Source: Stellar MLS

MLS Number: A3993675

Stellar MLS

APN: 0013-04-2005

Florida Sarasota County Longboat Key 34228

240 Sands Point Rd Unit 4105, Longboat Key, FL

This home is located at 240 Sands Point Rd Unit 4105, Longboat Key, FL 34228 since 27 February 2014 and is currently estimated at $1,110,625, approximately $1,735 per square foot. This property was built in 1982. 240 Sands Point Rd Unit 4105 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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