$1,175,000
SOLD MAY 1, 2018

240 Sands Point Rd Unit 4407 Longboat Key, FL 34228

2 Beds
2 Baths
1,603 Sq Ft
$985/mo HOA Fee

Recently Sold

$733 Per Sq Ft

9% Below List Price

15 Days on Market

Highlights

  • 1,200 Feet of Waterfront
  • Golf Course Community
  • Private Beach
  • Southside Elementary School Rated A
  • Water access To Gulf or Ocean
  • Heated In Ground Pool

About This Home

As of March 2023

Enjoy this incredible direct beachfront "Deluxe" two bedroom residence in the hotel program. Given this is the largest floor plan, you will have a larger terrace, a separate living and dining area and an excellent income history. This condo-hotel has received the AAA Four-Diamond rating for 34 consecutive years and offers a multitude of ways to enjoy your leisure time. The purchase of a condominium unit entitles you to participate in the Ownership Rental Program or with 120 days’ notice owners may opt out of the program. The Resort pampers owners and guests with fine dining, 45 holes of championship golf, Tennis Gardens, Spa Wellness Center, full service marina, maid service and friendly staff to make your vacation a memorable one.

Last Agent to Sell the Property

Ian Addy, PA

MICHAEL SAUNDERS & COMPANY License #3066979 Listed on: 03/12/2018

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Mark Scallen

ALLEN REAL ESTATE SERVICES INC License #3328282

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,923

Year Built

  • Built in 1982

Lot Details

  • 1,200 Feet of Waterfront
  • Property fronts gulf or ocean
  • Private Beach

HOA Fees

  • $985 Monthly HOA Fees

Parking

  • Open Parking

Home Design

  • Custom Home
  • Planned Development
  • Slab Foundation
  • Block Exterior

Interior Spaces

  • 1,603 Sq Ft Home
  • Furnished
  • Crown Molding
  • Blinds
  • Sliding Doors
  • Entrance Foyer
  • Combination Dining and Living Room
  • Inside Utility
  • Full Gulf or Ocean Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Pool

  • Heated In Ground Pool
  • Heated Spa

Outdoor Features

  • Water access To Gulf or Ocean
  • Deck
  • Covered Patio or Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, manager, sewer, trash, water
  • Mid-Rise Condominium
  • Inn On The Beach Community
  • Inn On The Beach Ph II Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions
  • Planned Unit Development
  • 6-Story Property

Amenities

  • Elevator

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,923

Year Built

Built in 1982

Lot Details

0

HOA Fees

$985 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Custom
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1603
  • New Construction: No
  • Year Built: 1982
  • Building Area Total: 1603
  • Directions to Property: From St. Armands take John Ringling Pkwy over New Pass bridge to Longboat Key, left at Longboat Club Road traffic light, thru guard gate and left on Sands Point Rd. Turn right into the Resort. Building is 4 is farthest gulf front building to the right.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4213220&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4213220&cview=true&show_results=true&customer_portal=true
  • Floor Number: 4
  • Homestead Y N: No
  • Home Warranty Y N: No
  • Property Description: Mid Rise
  • Call Center Phone Number: 941-308-7777
  • Planned Unit Development Y N: Yes
  • Ratio: Close Price\List Price: 0.90734
  • Price per Sq Ft: 733
  • Close to Original List Price Ratio: 0.90734
  • Ratio: Current Price\Building Area Total: 733
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Crown Molding, Living Room/Dining Room Combo, Solid Surface Counters, Split Bedroom
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Features: Heated
  • Spa Yn: Yes
  • Stories: 6
  • Window Features: Blinds
  • Street Number Modifier: 240
  • Room Count: 5
  • Additional Rooms: Foyer, Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: Heated, In Ground
  • Exterior Features: Sliding Doors
  • Roof: Other
  • Pool Private: No
  • View: Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Water View: Gulf/Ocean - Full
  • Water Access: Beach - Private, Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0129F
  • Waterfront Frontage: 1200
  • Water Frontage Feet Beach Prvt: 600
  • Water Frontage Feet Gulf Ocean: 600
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Electricity Connected, Public
  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Gated Community, Golf, Pool, PUD, Tennis Courts, Water Access, Waterfront Complex
  • Association Amenities: Gated, Tennis Court(s)
  • Association: No
  • Security: Gated Community, Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 2955
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 985
  • Association Fee Requirement: None
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 11820
  • Total Monthly Fees: 985

Schools

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

Lot Info

  • Zoning: GPD
  • Parcel Number: 0013042028
  • Additional Parcels: No
  • Lot Features: CoastalConstruction Control Line
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Minimum Lease: 1-7 Days
  • Num Timesper Year: 365
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 12923
  • Tax Book Number: 19-25
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Beach - Private, Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2023
Closed on
Mar 2, 2023
Sold by
Equity Properties Limited
Bought by
Lbk 4407 Llc
Seller's Agent
Mark Scallen
ALLEN REAL ESTATE SERVICES INC
Buyer's Agent
Barbara Miller, Pa
COLDWELL BANKER REALTY
List Price
$2,650,000
Sold Price
$2,600,000
Premium/Discount to List
-$50,000
-1.89%
Views
21
Current Estimated Value
$2,440,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$159,183
Avg. Annual Appreciation
-0.65%

Purchase Details

Listed on
Mar 12, 2018
Closed on
May 1, 2018
Sold by
Torretta Building Operations Inc
Bought by
Equity Properties Limited
Seller's Agent
Ian Addy, PA
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Mark Scallen
ALLEN REAL ESTATE SERVICES INC
List Price
$1,295,000
Sold Price
$1,175,000
Premium/Discount to List
-$120,000
-9.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.83%

Purchase Details

Closed on
Nov 22, 2011
Sold by
Schwartz Peter and Schwartz Peter L
Bought by
Torretta Building Operations Inc
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $2,600,000 --
Warranty Deed $1,175,000 Attorney
Warranty Deed $1,012,500 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,500,000 New Conventional
Previous Owner $250,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2023 03/02/23 Sold $2,600,000 -1.9% $1,622 / Sq Ft
01/31/2023 01/31/23 Pending -- -- --
01/26/2023 01/26/23 For Sale $2,650,000 +125.5% $1,653 / Sq Ft
05/01/2018 05/01/18 Sold $1,175,000 -9.3% $733 / Sq Ft
03/28/2018 03/28/18 Pending -- -- --
03/12/2018 03/12/18 For Sale $1,295,000 -- $808 / 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 $20,258 $1,879,900 -- $1,879,900
2023 $20,258 $1,770,100 $0 $1,770,100
2022 $17,105 $1,355,600 $0 $1,355,600
2021 $16,930 $1,308,800 $0 $1,308,800
2020 $12,190 $813,000 $0 $813,000
2019 $12,409 $849,000 $0 $849,000
2018 $12,379 $841,000 $0 $841,000
2017 $12,923 $868,000 $0 $868,000
2016 $12,438 $819,000 $0 $819,000
2015 $11,866 $766,000 $0 $766,000
2014 $10,882 $623,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4213220

Stellar MLS

APN: 0013-04-2028