NOT LISTED FOR SALE

240 Sands Point Rd Unit 4605 Longboat Key, FL 34228

Estimated Value: $2,659,831

2 Beds
2 Baths
1,284 Sq Ft
$912/mo HOA Fee

Last Sold December 21, 2012

Last sale price $800,000 $623 Per Sq Ft

Est. 232% increase in value since last sale

Current estimated payment $16,942/month

431 Days on Market

Highlights

  • Beach Front
  • Water access To Gulf or Ocean
  • Full Gulf or Ocean Views
  • Southside Elementary School Rated A
  • Saltwater Pool
  • Gated Community

About This Home

As of December 2012

Active With Contract.This one-of-a-kind penthouse in building 4 towers over the Gulf of Mexico offering spectacular views from every room. The entire unit has been superbly renovated throughout.This residence is located in a condominium-hotel offering buyers attractive rental possibilities and this particular unit offers a lockout feature that typically generates the most revenue. You may choose to participate in the Ownership Rental Program oruse it as your very own vacation paradise. By joining the rental program, you will be entitled to the use of the amenities at Longboat Key Club & Resort and you and your guests will be pampered with fine dining, golf, tennis, spa, fitness center, kids club, club concierge, maid service and friendly staff to make your vacation a memorable one. Or you may decide to purchase the unit to use as your own residence and have unlimited usage of the accommodations. Whatever your lifestyle preference, the opportunities are endless. The window assessment on this unit has been paid full. Condo is not currently in ownership rental program.

Last Agent to Sell the Property

Ian Addy, PA

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-383-7591 License #3066979 Listed on: 09/14/2011

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Ian Addy, PA

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-383-7591 License #3066979 Listed on: 09/14/2011

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,848

Year Built

  • Built in 1982

Lot Details

  • Beach Front
  • 1,200 Feet of Waterfront
  • Property fronts gulf or ocean
  • East Facing Home

HOA Fees

  • $912 Monthly HOA Fees

Parking

  • Open Parking

Home Design

  • Slab Foundation
  • Block Exterior

Interior Spaces

  • 1,284 Sq Ft Home
  • Furnished
  • Crown Molding
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room
  • Full Gulf or Ocean Views

Kitchen

  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher
  • Solid Surface Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Pool

  • Saltwater Pool
  • Spa

Outdoor Features

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

Location

  • Flood Zone Lot

Schools

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

Utilities

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

Listing and Financial Details

  • 1-Month Minimum Lease Term
  • Tax Lot 4605
  • Assessor Parcel Number 0013042035

Community Details

Overview

  • Association fees include cable TV, escrow reserves fund, insurance, maintenance structure, ground maintenance, management, sewer, water
  • 36 Units
  • Lighthouse Property Management 941.966.6844 Association
  • Mid-Rise Condominium
  • Inn On The Beach Community
  • Inn On The Beach Ph Ii Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions
  • 6-Story Property

Amenities

  • Elevator

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,848

Year Built

Built in 1982

Lot Details

0

HOA Fees

$912 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
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1284
  • New Construction: No
  • Year Built: 1982
  • Building Area Total: 1284
  • Directions to Property: Take Gulf of Mexico Drive to Longboat Key Club Road to Inn on the Beach then go to building 4, 240 Sands Point Road , 6th floor.
  • Status: Sold
  • Ownership: Condominium,Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Floor Number: 6
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 623.05
  • Total Acreage: Non-Applicable
  • Water Access YN: 1
  • Property Description: Mid 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: 2
  • Interior Amenities: Crown Molding, Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Yn: Yes
  • Stories: 6
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 240
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 119.29
  • Room Count: 5

Exterior Features

  • Direction Faces: East
  • Pool Features: Heated, Salt Water
  • Exterior Features: Balcony, Sliding Doors
  • Roof: Other
  • Home Warranty: No
  • Pool Private: No
  • View: Water
  • Water Body Name: GULF OF MEXICO
  • Waterfront: Yes
  • Patio and Porch Features: 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: Guest, None, Open

Utilities

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

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Gated, Pool, Waterfront Complex
  • Association Amenities: Elevator(s), Gated, Maintenance
  • Association Fee: 912.17
  • Association Fee Frequency: Monthly
  • Association Name: Lighthouse Property Management 941.966.6844
  • Association: Yes
  • Security: Gated Community, Smoke Detector(s)
  • Association Fee Requirement: Required
  • Building Name Number: BUILDING 4

Fee Information

  • Total Annual Fees: 10946.04
  • Total Monthly Fees: 912.17

Schools

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

Lot Info

  • Zoning: GPD
  • Parcel Number: 0013042035
  • Additional Parcels: No
  • Lot Features: CoastalConstruction Control Line, FloodZone
  • Flood Zone Code: AE VE
  • Homestead YN: 0
  • Future Land Use: 3904

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Expected Lease Date: 2012-12-21T00:00:00.000

Multi Family

  • Number Of Units Total: 36
  • Waterfront Features: Beach Front, Gulf/Ocean

Tax Info

  • Tax Annual Amount: 7848
  • Tax Book Number: 0019/0025
  • Tax Lot: 4605

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2017
Sold by
Lippe Richard A
Bought by
Rainville William A and Rainville Greta M
Current Estimated Value
$2,659,831

Purchase Details

Listed on
Sep 14, 2011
Closed on
Dec 21, 2012
Sold by
Morey Rosalie M
Bought by
Lippe Richard A
Seller's Agent
Ian Addy, PA
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Ian Addy, PA
MICHAEL SAUNDERS & COMPANY
List Price
$849,900
Sold Price
$800,000
Premium/Discount to List
-$49,900
-5.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.00%
Original Mortgage
$560,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 14, 2011
Closed on
Dec 11, 2012
Sold by
Morey Rosalie M
Bought by
Morey Rosalie M
Seller's Agent
Ian Addy, PA
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Ian Addy, PA
MICHAEL SAUNDERS & COMPANY
List Price
$849,900
Sold Price
$800,000
Premium/Discount to List
-$49,900
-5.87%

Purchase Details

Closed on
Apr 6, 2000
Sold by
Andycraig Prop Inc
Bought by
Morey Rosalie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
8.34%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 30, 1996
Sold by
Dillon Thomas
Bought by
Andycraig Prop Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.17%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Rainville William A $1,389,000 Attorney
Lippe Richard A $800,000 Attorney
Morey Rosalie M -- Attorney
Morey Rosalie M $589,000 --
Andycraig Prop Inc $490,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lippe Richard A $560,000
Previous Owner Morey Rosalie M $365,000
Previous Owner Morey Rosalie M $365,000
Previous Owner Andycraig Prop Inc $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2012 12/21/12 Sold $800,000 -5.9% $623 / Sq Ft
11/19/2012 11/19/12 Pending -- -- --
09/14/2011 09/14/11 For Sale $849,900 -- $662 / 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 $16,082 $1,196,085 -- --
2023 $16,082 $1,289,200 $0 $1,289,200
2022 $13,691 $988,500 $0 $988,500
2021 $14,837 $1,079,800 $0 $1,079,800
2020 $11,520 $768,000 $0 $768,000
2019 $11,712 $801,000 $0 $801,000
2018 $11,691 $794,000 $0 $794,000
2017 $12,193 $819,000 $0 $819,000
2016 $11,739 $773,000 $0 $773,000
2015 $11,199 $723,000 $0 $723,000
2014 $10,272 $588,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ian Addy, PA

    Seller's Agent in 2012

    Ian Addy, PA

    Michael Saunders

    (941) 961-8850

    95 in this area

    120 Total Sales

    Ian Addy, PA
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Map

Source: Stellar MLS

MLS Number: A3948785

Stellar MLS

APN: 0013-04-2035

Florida Sarasota County Longboat Key 34228

240 Sands Point Rd Unit 4605, Longboat Key, FL

This home is located at 240 Sands Point Rd Unit 4605, Longboat Key, FL 34228 since 14 September 2011 and is currently priced at $2,659,831, approximately $2,071 per square foot. This property was built in 1982. 240 Sands Point Rd Unit 4605 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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