NOT LISTED FOR SALE

3550 Fair Oaks Ln Longboat Key, FL 34228

Estimated Value: $2,973,000 - $3,378,000

4 Beds
4.5 Baths
4,527 Sq Ft
$708/Sq Ft Est. Value

Last Sold October 07, 2022

Last sale price $3,600,000 $795 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $21,481/month

16 Days on Market

Highlights

  • 85 Feet of Waterfront
  • White Water Ocean Views
  • Heated In Ground Pool
  • Southside Elementary School Rated A
  • Water access To Gulf or Ocean To Bay
  • Fishing

About This Home

As of October 2022

BAYFRONT HOME THAT HAS IT ALL!!! Located behind the gates of the Longboat Key Club on the Bay Isles Waterway with a protected deep water dock and bay views offering privacy and serenity. . Built with the highest quality of materials throughout plus a new roof Apr 2022 and several updates made throughout the years, the home is ready for you to move right in. Delight in the open 2 story floor plan with high ceilings and windows galore, 4 bedroom suites including a guest suite with kitchenette, library/den, formal dining room, living room, exercise or hobby room, bonus room, and an expansive kitchen/ family/ breakfast room. The home is equipped with natural gas used to efficently heat the pool, water, & appliances. There is an internal vacuum system, water filtration system, in-wall pest control system, Pentair remote pool system, instant hot water dispenser, zoned AC with 5 thermostats, and ring security system. For the boating enthusiast, the dock of composition material has water & electric, will accommodate at least a 40’ boat, and you find yourself only minutes to the open bay and Intercoastal waterway. A beautiful pool/spa and patio sets the perfect scene for watching the evening sunsets while all awhile sipping on your favorite beverage. No need to worry about storms, there are electronic shutters which also double as security shutters. Location is ideal, close to the Publix Shopping Plaza, St Armands Circle, and a short drive across the bay to all the amenities of downtown Sarasota. To top this all off, included is a membership to the coveted Bay isles Beach Club on the azure waters and white sandy beach of The Gulf of Mexico. Memberships are also available to THe Longboat Key Country Club & Resort offering 45 holes of golf, 6 resturants, fitness center, spa, tennis, & pickelball.

Last Agent to Sell the Property

Linda Weber

COLDWELL BANKER REALTY License #0590601 Listed on: 07/19/2022

COLDWELL BANKER REALTY

Last Buyer's Agent

Ian Addy, PA

MICHAEL SAUNDERS & COMPANY License #3066979

MICHAEL SAUNDERS & COMPANY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,859

Year Built

  • Built in 1999

Lot Details

  • 0.26 Acre Lot
  • 85 Feet of Waterfront
  • Property fronts a saltwater canal
  • Property fronts a private road
  • Southeast Facing Home
  • Well Sprinkler System
  • Property is zoned PD

HOA Fees

Parking

  • 2 Car Attached Garage
  • Ground Level Parking
  • Garage Door Opener
  • Driveway
  • Secured Garage or Parking
  • On-Street Parking
  • Open Parking

Property Views

  • White Water Ocean
  • Canal

Home Design

  • Custom Home
  • Slab Foundation
  • Tile Roof
  • Concrete Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 4,527 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Bar Fridge
  • Crown Molding
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Shades
  • Shutters
  • Family Room Off Kitchen
  • Separate Formal Living Room
  • Formal Dining Room
  • Den

Kitchen

  • Eat-In Kitchen
  • Built-In Convection Oven
  • Cooktop<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Engineered Wood
  • Carpet
  • Marble
  • Travertine

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • In-Law or Guest Suite

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security System Leased
  • Security Gate
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector
  • In Wall Pest System

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Water access To Gulf or Ocean To Bay
  • Access To Intracoastal Waterway
  • Property is near a marina
  • Access to Saltwater Canal
  • Dock has access to water
  • Rip-Rap
  • Dock made with Composite Material
  • Covered patio or porch
  • Exterior Lighting

Location

  • Flood Zone Lot
  • Flood Insurance May Be Required
  • Property is near public transit
  • Property is near a golf course

Schools

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

Utilities

  • Humidity Control
  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Thermostat
  • Underground Utilities
  • Natural Gas Connected
  • Water Filtration System
  • Well
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-hour guard, common area taxes, community pool, ground maintenance, manager, pest control, private road, security, water
  • Linda Chapman Association
  • Bay Isles Master Association
  • Built by Taylor Woodrow
  • Queens Harbour Subdivision, Giardinera Floorplan
  • Queens Harbour (F/K/A Manchester Bay) Community
  • On-Site Maintenance
  • The community has rules related to deed restrictions, fencing, allowable golf cart usage in the community
  • Rental Restrictions

Recreation

  • Community Pool
  • Fishing

Security

  • Security Service
  • Card or Code Access
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,859

Year Built

Built in 1999

Lot Details

0

HOA Fees

$904 per month

Parking

2

Listing Details

  • HOA Fee Includes: 24-Hour Guard, Common Area Taxes, Community Pool, Maintenance Grounds, Manager, Pest Control, Private Road, Security, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 4527
  • Lot Size Acres: 0.26
  • New Construction: No
  • Year Built: 1999
  • Building Area Total: 5368
  • Lot Size Sq Ft: 11277
  • Directions to Property: GMD to Bay Isles Traffic Light, Left turn after gate, proceed thru 2nd gate, left turn into Queens Harbour, bear left at Y, house on right.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4541071?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4541071?w=Customer
  • Homestead Y N: Yes
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Ratio: Close Price\List Price: 0.90113
  • Price per Sq Ft: 795.23
  • Close to Original List Price Ratio: 0.90113
  • Ratio: Current Price\Building Area Total: 670.64
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Gas
  • Living Area Units: Square Feet
  • Flooring: Carpet, Engineered Hardwood, Marble, Travertine, Hardwood
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Interior Amenities: Built in Features, Ceiling Fans(s), Central Vaccum, Crown Molding, Eating Space In Kitchen, High Ceiling(s), In Wall Pest System, Kitchen/Family Room Combo, Master Bedroom Upstairs, Open Floorplan, Solid Wood Cabinets, Stone Counters, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar, Window Treatments
  • Appliances Included: Bar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Refrigerator, Washer, Water Filtration System, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: Two
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 2
  • Window Features: Shades, Shutters, Window Treatments
  • Street Number Modifier: 3550
  • Room Count: 12
  • Additional Rooms: Den/Library/Office, Family Room, Formal Dining Room Separate, Formal Living Room Separate, Interior In-Law Suite
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Southeast
  • Pool Features: Heated, In Ground
  • Exterior Features: Hurricane Shutters, Irrigation System, Lighting
  • Roof: Concrete, Tile
  • Pool Private: Yes
  • Road Frontage Type: Private Road
  • View: Water
  • Water Body Name: Bay Isles Waterway
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Patio
  • Road Surface Type: Asphalt
  • Water View: Bay/Harbor - Full, Canal
  • Water Access: Bay/Harbor, Canal - Saltwater, Gulf/Ocean to Bay, Intracoastal Waterway
  • Water Extras: Dock - Composite, Dock w/Electric, Dock w/Water Supply, Riprap
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 85
  • Water Frontage Feet Canal Salt: 85
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener, Ground Level, On Street
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Fire Hydrant, Natural Gas Connected, Public, Sewer Connected, Sprinkler Well, Street Lights, Underground Utilities, Water Connected
  • Cooling: Central Air, Humidity Control, Zoned
  • Heating: Electric, Heat Pump, Natural Gas, Zoned
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public, Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fishing, Gated Community, Golf Carts OK, Pool, Waterfront
  • Association Amenities: Fence Restrictions, Gated, Maintenance, Pool, Security
  • Association Fee: 2200
  • Association Fee Frequency: Quarterly
  • Association Name: Linda Chapman
  • Phone: 927-6464
  • Association: Yes
  • Security: Gated Community, Key Card Entry, Secured Garage/Parking, Security Gate, Security System, Security System Leased, Smoke Detector(s)
  • Senior Community: No
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes
  • Association #2 Fee: 2052.56
  • Association #2 Fee Frequency: Annually
  • Association: Bay Isles Master
  • Association Phone #2: 383-3200

Fee Information

  • Total Annual Fees: 8800
  • Monthly HOA Fee: 733.33
  • Total Monthly Fees: 733.33

Schools

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

Lot Info

  • Zoning: PD
  • Parcel Number: 0003010016
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required, FloodZone, Near Golf Course, Near Marina, Near Public Transit
  • Flood Zone Code: AE
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Taylor Woodrow

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Minimum Lease: 1 Month
  • Approval Process: Application submitted to Queens Harbour HOA to include fee
  • Num Timesper Year: 2
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See HOA Docs

Tax Info

  • Tax Annual Amount: 18858.8
  • Tax Book Number: 33-47
  • Tax Lot: 58

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 23, 2024
Sold by
Somers Stephen and Somers Sharon
Bought by
Somers Stephen M
Current Estimated Value
$3,203,464

Purchase Details

Listed on
Jul 19, 2022
Closed on
Oct 7, 2022
Sold by
Raymond M Grimm Declaration Of Trust
Bought by
Somers Stephen and Somers Sharon
Seller's Agent
Linda Weber
COLDWELL BANKER REALTY
Buyer's Agent
Ian Addy, PA
MICHAEL SAUNDERS & COMPANY
List Price
$3,995,000
Sold Price
$3,600,000
Premium/Discount to List
-$395,000
-9.89%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.62%

Purchase Details

Listed on
Nov 4, 2010
Closed on
Nov 9, 2012
Sold by
Depizzo John A and Depizzo Barbara
Bought by
Grimm Raymond M and Raymond M Grimm Declaration Of Trust
Seller's Agent
Martina Coppenrath
Buyer's Agent
Bruce Myer
COLDWELL BANKER REALTY
List Price
$1,799,000
Sold Price
$1,700,000
Premium/Discount to List
-$99,000
-5.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.86%
Original Mortgage
$800,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 1999
Sold by
Taylor Woodrow Communities
Bought by
Depizzo John A and Depizzo Barbara
Source: Public Records

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
Somers Stephen M $100 None Listed On Document
Somers Stephen $3,600,000 --
Grimm Raymond M $1,700,000 Attorney
Depizzo John A $1,228,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grimm Raymond M $800,000
Previous Owner Depizzo John A $1,000,000
Previous Owner Depizzo John $926,791
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2022 10/07/22 Sold $3,600,000 -9.9% $795 / Sq Ft
08/05/2022 08/05/22 Pending -- -- --
07/19/2022 07/19/22 For Sale $3,995,000 +135.0% $882 / Sq Ft
11/09/2012 11/09/12 Sold $1,700,000 -5.5% $376 / Sq Ft
09/07/2012 09/07/12 Pending -- -- --
11/04/2010 11/04/10 For Sale $1,799,000 -- $397 / 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 $34,622 $2,708,600 $1,524,900 $1,183,700
2023 $34,622 $2,633,200 $1,412,200 $1,221,000
2022 $19,662 $1,508,248 $0 $0
2021 $18,859 $1,382,183 $0 $0
2020 $19,008 $1,363,100 $822,100 $541,000
2019 $18,857 $1,364,484 $0 $0
2018 $18,554 $1,339,042 $0 $0
2017 $18,466 $1,311,500 $679,600 $631,900
2016 $21,077 $1,576,300 $868,500 $707,800
2015 $21,280 $1,456,600 $833,300 $623,300
2014 $22,642 $1,513,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4541071

Stellar MLS

APN: 0003-01-0016