NOT LISTED FOR SALE

Estimated Value: $281,000 - $3,518,000

1.12 Acres
$2,013,706 Price per Acre
48,787 Sq Ft Lot

Last Sold May 12, 2023

Last sale price $2,585,000 $1,062 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $14,767/month

174 Days on Market

Highlights

  • 160 Feet of Bay Harbor Waterfront
  • White Water Ocean Views
  • Dock made with wood
  • Laurel Nokomis School Rated A-
  • Water access To Gulf or Ocean
  • 1.12 Acre Lot

About This Lot

As of May 2023

Auction Property. Auction without reserve will be held on-site on Thursday, April 27, 2023, at 11:00 AM. Private appointments are available; call for details. Rarely available 1.125 acre waterfront estate lot on Casey Key with gulf to bay access and stunning views in both directions. With this much land, your architect can freely design your island retreat without the footprint constraints typically encountered on waterfront lots. Enjoy the best of both worlds: 160 feet of bay frontage with a dock, and 278 feet facing the Gulf of Mexico with deeded beach access. Take advantage of unlimited boating, swimming in the Gulf of Mexico, beach walks, and breathtaking sunsets without having to pay the premium for owning the beach. In fact, the current owner of the gulf-front land maintains the two vacant beach lots as a property buffer with no immediate plans to build. No guarantees of course, but a clear gulf view may be in place for years to come, offering exceptional water views on both sides of a newly built elevated property. Casey Key is an exclusive hidden gem surrounded by world famous beaches and positioned conveniently between Historic Downtown Venice and the arts and culture of Sarasota. Architectural renderings depict a 7,100 SF plan designed by Echt Architects. Full floorplans available upon request.

Last Agent to Sell the Property

Toni Zarghami

KW COASTAL LIVING III License #3283821 Listed on: 11/03/2022

KW COASTAL LIVING III

Last Buyer's Agent

Stellar Non-Member Agent

Stellar Non-Member Office

Stellar Non-Member Office

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $24,670

Lot Details

  • 1.12 Acre Lot
  • Lot Dimensions are 277.8x213.76x159.37x255
  • 160 Feet of Bay Harbor Waterfront
  • West Facing Home
  • Property is zoned RE2

HOA Fees

  • $23 Monthly HOA Fees

Schools

  • Laurel Nokomis Elementary School
  • Laurel Nokomis Middle School
  • Venice Senior High School

Additional Features

  • White Water Ocean Views
  • Septic Needed

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 0159060001

Community Details

Overview

  • Casey Key Community
  • Casey Key Subdivision

Recreation

  • Water access To Gulf or Ocean
  • Dock has access to water
  • Dock made with wood
  • Open Dock

Property Details

Property Type

Land

Est. Annual Taxes

$24,670

Lot Details

0

HOA Fees

$23 per month

Listing Details

  • Property Type: Land
  • Lot Size Acres: 1.12
  • Lot Size Sq Ft: 49006
  • Directions to Property: Use 3002 Casey Key Rd for GPS directions. From Tamiami, head west on Blackburn Point, south on Casey Key Road, in 1 mile property is on the left.
  • Status: Sold
  • Ownership: Fee Simple
  • Escrow State: FL
  • List Office Head Office Key Nume: 203884503
  • RATIO Current Price By Calculate: 52.75
  • Total Acreage: 1 to less than 2
  • Water Access YN: 1
  • Tax Year: 2021
  • Special Features: Auction
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 3000

Exterior Features

  • Direction Faces: West
  • Water Body Name: LITTLE SARASOTA BAY
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Disclosures: Land Sales Disclosure
  • Water Access: Bay/Harbor,Gulf/Ocean,Gulf/Ocean to Bay
  • Water Extras: Dock - Open,Dock - Wood,Dock w/Electric,Dock w/Water Supply
  • Water Extras YN: 1
  • Water View: Bay/Harbor - Full,Gulf/Ocean - Full
  • Water View YN: 1
  • Waterfront Feet Total: 160
  • Price Per Acre: 2308036
  • Water Frontage Feet Bay Harbor: 160

Utilities

  • Utilities: Electricity Available, Water Available
  • Sewer: Septic Needed
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 275
  • Association Fee Frequency: Annually
  • Association: Yes
  • Association 2 YN: 0
  • Association Fee Requirement: Optional

Fee Information

  • Total Annual Fees: 275.00
  • Total Monthly Fees: 22.92
  • Monthly HOA Amount: 22.92

Schools

  • Elementary School: Laurel Nokomis Elementary
  • High School: Venice Senior High
  • Middle Or Junior School: Laurel Nokomis Middle

Lot Info

  • Zoning: RE2
  • Parcel Number: 0159060001
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Dimensions: 277.8x213.76x159.37x255
  • Flood Zone Code: AE
  • Lot Size Square Meters: 4553

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Annual Amount: 24670
  • Tax Book Number: 4-1
  • Tax Lot: 5

Multi Family

  • Waterfront Features: Bay/Harbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2022
Closed on
May 10, 2023
Sold by
Mckenna Michael P
Bought by
Ayyad Abdelrahman and Ayyad Sara
Seller's Agent
Toni Zarghami
KW COASTAL LIVING III
Buyer's Agent
Stellar Non-Member Agent
Stellar Non-Member Office
List Price
$3,500,000
Sold Price
$2,585,000
Premium/Discount to List
-$915,000
-26.14%
Total Days on Market
174
Views
45
Current Estimated Value
$2,255,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$329,649
Avg. Annual Appreciation
-6.20%

Purchase Details

Listed on
Oct 19, 2020
Closed on
Mar 11, 2021
Sold by
Collins John P and Collins Tammie L
Bought by
Mckenna Michael P
Seller's Agent
Karie Backman
KELLER WILLIAMS ON THE WATER S
Buyer's Agent
Toni Zarghami
KW COASTAL LIVING III
List Price
$2,300,000
Sold Price
$2,200,000
Premium/Discount to List
-$100,000
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.71%
Original Mortgage
$1,100,000
Interest Rate
2.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 29, 2017
Closed on
Jun 28, 2018
Sold by
Ck Gulf To Bay Llc
Bought by
Collins John P and Collins Tammie L
Seller's Agent
Judy Nimz
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Joel Schemmel
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$1,650,000
Sold Price
$1,395,000
Premium/Discount to List
-$255,000
-15.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.38%

Purchase Details

Closed on
May 20, 2013
Sold by
Thomas Seth A and Bayside Cottage Trust
Bought by
Ck Gulf To Bay Llc

Purchase Details

Closed on
Apr 18, 2012
Sold by
Thomas Dale L
Bought by
Thomas Seth A and Bayside Cottage Trust

Purchase Details

Closed on
Jun 30, 1999
Sold by
Kirby Catherine Elizabeth
Bought by
Thomas Dale L
Source: Public Records

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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
Ayyad Abdelrahman $2,585,000 None Listed On Document
Mckenna Michael P $2,200,000 Attorney
Collins John P $1,395,000 Attorney
Ck Gulf To Bay Llc $1,650,000 Msc Title Inc
Thomas Seth A -- Attorney
Thomas Dale L $350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mckenna Michael P $1,100,000
Previous Owner Thomas Dale L $3,528,648
Previous Owner Thomas Dale L $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2023 05/12/23 Sold $2,585,000 -20.5% $1,062 / Sq Ft
04/27/2023 04/27/23 Pending -- -- --
01/06/2023 01/06/23 Price Changed $3,250,000 -7.1% $1,336 / Sq Ft
11/03/2022 11/03/22 For Sale $3,500,000 +59.1% $1,439 / Sq Ft
03/11/2021 03/11/21 Sold $2,200,000 -4.3% $904 / Sq Ft
01/24/2021 01/24/21 Pending -- -- --
10/19/2020 10/19/20 For Sale $2,300,000 +64.9% $945 / Sq Ft
09/26/2018 09/26/18 Off Market $1,395,000 -- --
06/28/2018 06/28/18 Sold $1,395,000 -10.0% $573 / Sq Ft
05/23/2018 05/23/18 Pending -- -- --
12/28/2017 12/28/17 Price Changed $1,550,000 -6.1% $637 / Sq Ft
12/22/2017 12/22/17 For Sale $1,650,000 +18.3% $678 / Sq Ft
12/22/2017 12/22/17 Off Market $1,395,000 -- --
09/28/2017 09/28/17 Price Changed $1,650,000 -5.7% $678 / Sq Ft
06/29/2017 06/29/17 For Sale $1,750,000 -- $719 / 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 $26,740 $1,994,700 $1,990,200 $4,500
2023 $26,740 $2,303,900 $2,299,200 $4,700
2022 $24,670 $2,103,300 $2,099,200 $4,100
2021 $18,957 $1,675,400 $1,673,200 $2,200
2020 $15,867 $1,264,800 $1,262,600 $2,200
2019 $15,809 $1,264,800 $1,262,600 $2,200
2018 $16,695 $1,332,500 $1,329,300 $3,200
2017 $19,825 $1,348,112 $0 $0
2016 $20,487 $1,739,500 $1,691,400 $48,100
2015 $18,218 $1,451,800 $1,368,500 $83,300
2014 $14,514 $1,083,003 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4551377

Stellar MLS

APN: 0159-06-0001