NOT LISTED FOR SALE

250 Sands Point Rd Unit 5401 Longboat Key, FL 34228

Estimated Value: $1,307,114

2 Beds
2 Baths
1,388 Sq Ft
$938/mo HOA Fee

Last Sold June 11, 2014

Last sale price $545,000 $393 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $8,931/month

1,525 Days on Market

Highlights

  • 1,200 Feet of Waterfront
  • Golf Course Community
  • Heated In Ground Pool
  • Southside Elementary School Rated A
  • Fitness Center
  • Full Bay or Harbor Views

About This Home

As of June 2014

Best priced completely renovated two bedroom "Lock-Out" unit with 2013 gross income of $101,000+ at the Longboat Key Club & Resort with remarkable bay and golf course views. The onsite hotel program generated income growth up +41% over 2012 for this unit. Tastefully renovated and sold turnkey furnished. This property is located in an exclusive, gated resort and is located just off the mainland of Sarasota, Florida. This extraordinary resort is a condominium-hotel offering buyers attractive rental possibilities. The purchase of this condominium unit entitles you to participate in the Ownership Rental Program. Longboat Key Club and Resort pampers the owners and guests with fine dining, golf, tennis, spa, fitness center, club concierge, maid service and friendly staff to make your vacation a memorable one. PROPERTY RECENTLY REDUCED $100,000!

Last Agent to Sell the Property

Ian Addy, PA

MICHAEL SAUNDERS & COMPANY License #3066979 Listed on: 02/25/2010

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Jenifer Schwell

MICHAEL SAUNDERS & COMPANY License #0355900

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,581

Year Built

  • Built in 1982

Lot Details

  • 1,200 Feet of Waterfront
  • Property fronts gulf or ocean
  • End Unit
  • Southwest Facing Home

HOA Fees

  • $938 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Block Exterior

Interior Spaces

  • 1,388 Sq Ft Home
  • 4-Story Property
  • Furnished
  • Sliding Doors
  • Formal Dining Room
  • Inside Utility
  • Dryer
  • Full Bay or Harbor Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Pool

  • Heated In Ground Pool
  • Heated Spa

Outdoor Features

  • Deck
  • Patio
  • Porch

Mobile Home

  • Mobile Home Model is Lock-out

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, escrow reserves fund, insurance, maintenance structure, ground maintenance, manager, sewer, trash, water
  • Mid-Rise Condominium
  • Inn On The Beach Condos
  • Inn On The Beach Community
  • Inn On The Beach Ph II Subdivision

Recreation

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

Pet Policy

  • No Pets Allowed

Additional Features

  • Gated Community
  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,581

Year Built

Built in 1982

Lot Details

0

HOA Fees

$938 per month

Listing Details

  • HOA Fee Includes: Cable TV, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1388
  • New Construction: No
  • Year Built: 1982
  • Building Area Total: 1388
  • Directions to Property: Gulf of Mexico Drive to Longoat Club Road to Inn on the Beach to Building 5.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A3921919&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A3921919&cview=true&show_results=true&customer_portal=true
  • Floor Number: 4
  • Total Acreage: Non-Applicable
  • Home Warranty Y N: No
  • Subdivision Num: 7711
  • Property Description: End Unit, Mid Rise
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.90985
  • Price per Sq Ft: 392.65
  • Close to Original List Price Ratio: 0.69075
  • Ratio: Current Price\Building Area Total: 392.65
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2013
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Elevator, Living Room/Dining Room Combo, Split Bedroom, Stone Counters
  • Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Spa Features: Heated
  • Spa Yn: Yes
  • Stories: 4
  • Street Number Modifier: 250
  • Room Count: 4
  • Additional Rooms: Formal Dining Room Separate, Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Southwest
  • Pool Features: Heated, In Ground
  • Exterior Features: Sliding Doors
  • Pool Private: No
  • View: Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Patio, Porch
  • Water View: Bay/Harbor - Partial
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Waterfront Frontage: 1200
  • Disclosures: Condominium Disclosure Available, HOA/PUD/Condo Disclosure, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: Cable Connected
  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Fitness, Gated Community, Golf, Pool, Tennis Courts
  • Association Amenities: Elevator(s), Fitness Center, Gated, Tennis Court(s)
  • Association Fee Frequency: Quarterly
  • Association: No
  • Security: Gated Community
  • Condo Fees: 2814
  • Condo Fees Term: Quarterly
  • Complex Community Name NCCB: Inn on the Beach
  • Association Fee Requirement: None

Fee Information

  • Total Annual Fees: 11256
  • Total Monthly Fees: 938

Lot Info

  • Zoning: GPD
  • Parcel Number: 0013042058
  • Additional Parcels: No
  • Millage Rate: 15
  • Future Land Use: 3904
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Tax Info

  • Tax Annual Amount: 5581
  • Tax Book Number: 0019/0025

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2024
Sold by
Rosen Elaine
Bought by
Elaine I Rosen Trust and Rosen
Current Estimated Value
$1,307,114

Purchase Details

Listed on
Feb 25, 2010
Closed on
Jun 11, 2014
Sold by
Harrell Gilbert D and Harrell Susanna F
Bought by
Rosen Charles and Rosen Elaine
Seller's Agent
Ian Addy, PA
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Jenifer Schwell
MICHAEL SAUNDERS & COMPANY
List Price
$699,000
Sold Price
$545,000
Premium/Discount to List
-$154,000
-22.03%

Home Financials for this Owner

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

Purchase Details

Closed on
Aug 23, 2004
Sold by
Wigglesworth Jack and Wigglesworth Carlota
Bought by
Harrell Gilbert D and Harrell Susanna F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.25%
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
Elaine I Rosen Trust $100 None Listed On Document
Rosen Charles $545,000 Attorney
Harrell Gilbert D $659,000 Riddell Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Harrell Gilbert D $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2014 06/11/14 Sold $545,000 -9.0% $393 / Sq Ft
05/01/2014 05/01/14 Pending -- -- --
03/10/2014 03/10/14 Price Changed $599,000 -14.3% $432 / Sq Ft
02/25/2010 02/25/10 For Sale $699,000 -- $504 / 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 $13,086 $857,297 -- --
2023 $13,086 $1,153,500 $0 $1,153,500
2022 $11,052 $883,400 $0 $883,400
2021 $11,905 $995,100 $0 $995,100
2020 $7,557 $494,000 $0 $494,000
2019 $7,691 $516,000 $0 $516,000
2018 $7,188 $478,000 $0 $478,000
2017 $7,533 $493,000 $0 $493,000
2016 $7,270 $466,000 $0 $466,000
2015 $6,808 $436,000 $0 $436,000
2014 $6,496 $372,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ian Addy, PA

    Seller's Agent in 2014

    Ian Addy, PA

    Michael Saunders

    (941) 961-8850

    90 in this area

    114 Total Sales

    Ian Addy, PA
    Section Image
  • Jenifer Schwell

    Buyer's Agent in 2014

    Jenifer Schwell

    Michael Saunders

    (941) 780-0968

    7 in this area

    18 Total Sales

    Jenifer Schwell
    Section Image
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Map

Source: Stellar MLS

MLS Number: A3921919

Stellar MLS

APN: 0013-04-2058

Florida Sarasota County Longboat Key 34228

250 Sands Point Rd Unit 5401, Longboat Key, FL

This home is located at 250 Sands Point Rd Unit 5401, Longboat Key, FL 34228 since 25 February 2010 and is currently estimated at $1,307,114, approximately $941 per square foot. This property was built in 1982. 250 Sands Point Rd Unit 5401 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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