NOT LISTED FOR SALE

Estimated Value: $1,328,000 - $1,405,000

3 Beds
2 Baths
1,514 Sq Ft
$769/mo HOA Fee

Last Sold May 01, 2023

Last sale price $1,550,000 $1,024 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $9,637/month

80 Days on Market

Highlights

  • 988 Feet of Waterfront
  • White Water Ocean Views
  • 1.4 Acre Lot
  • Booker High School Rated A-
  • Access to Bay or Harbor
  • 5-minute walk to Causeway Park

About This Home

As of May 2023

Opportunities of this caliber do not come along often! Le Chateau is an iconic, solidly built complex directly on Sarasota Bay and has been described by Sarasota Magazine as having "Kitschy glamour that has the exuberance of part Miami and part French Riviera". This fourth floor 3-bedroom, 2 bath unit on the NW corner of the building has show-stopping, unobscured views! The residence was COMPLETELY replaced, remodeled, and updated to the maximum with not even a single corner left untouched! Everywhere you look there are tranquil water views, and the sunsets are over-the-top!!! The sizeable, private patio is perfect for taking in the expansive vistas, watching the pelicans dive, the dolphins jump, and the gulls pass by. The complex offers a community pool and private beach where you can relax in one of the Adirondack chairs or launch your kayak. Porcelanosa large tile flooring throughout as well as in the generous custom bathrooms. Unique and stylish lighting fixtures, fine custom shelving in kitchen, top-of-the-line appliances and creative island/bar. The entire home has been wired with CAT6e and you will find an abundance of storage within the unit plus additional space in the community storage building adjacent to the front parking area. One, assigned carport parking space is included with plenty of spaces for guest parking. All of this and you are moments away from the vibrant Sarasota downtown scene!

Last Agent to Sell the Property

Betsy Sublett

DOUGLAS ELLIMAN License #0378042 Listed on: 12/03/2022

DOUGLAS ELLIMAN

Co-Listed By

Kelly Mooney

DOUGLAS ELLIMAN License #3078351

Last Buyer's Agent

Bibi-Ann Allard

MICHAEL SAUNDERS & COMPANY License #0697394

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,490

Year Built

  • Built in 1971

Lot Details

  • 988 Feet of Waterfront
  • 388 Feet of Bay Harbor Waterfront
  • 300 Feet of Public Beach Waterfront
  • 300 Feet of Private Beach Waterfront
  • End Unit
  • East Facing Home

HOA Fees

  • $769 Monthly HOA Fees

Property Views

  • White Water Ocean
  • Beach

Home Design

  • Entry on the 4th floor
  • Slab Foundation
  • Membrane Roofing
  • Block Exterior

Interior Spaces

  • 1,514 Sq Ft Home
  • Open Floorplan
  • Sliding Doors
  • Living Room
  • Inside Utility
  • Laundry Room
  • Ceramic Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Range
  • Stone Countertops
  • Solid Wood Cabinet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Home Security

Parking

  • 1 Carport Space
  • Ground Level Parking
  • Circular Driveway
  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Access to Bay or Harbor
  • Water Skiing Allowed
  • Balcony
  • Outdoor Storage

Schools

  • Alta Vista Elementary School
  • Booker Middle School
  • Booker High School

Utilities

  • Central Heating and Cooling System
  • Fiber Optics Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-Hour Guard, pool, escrow reserves fund, fidelity bond, insurance, maintenance structure, ground maintenance, management, private road, security
  • Stacia Searcy Association, Phone Number (941) 315-8044
  • Le Chateau Community
  • Le Chateau Subdivision
  • 7-Story Property

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Additional Features

  • Elevator
  • Hurricane or Storm Shutters

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,490

Year Built

Built in 1971

Lot Details

0

HOA Fees

$769 per month

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Maintenance Structure, Maintenance Grounds, Management, Pool, Private Road, Security
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1514
  • Lot Size Acres: 1.4
  • New Construction: No
  • Year Built: 1971
  • Building Area Total: 1639
  • Lot Size Sq Ft: 61134
  • Directions to Property: US 41 to new rotary on Gulfstream/John Ringling Causeway then west to Sunset Drive. North on Sunset Drive to address. Iconic PINK building cannot be missed.
  • Status: Sold
  • Co List Office Mls Id: MFR281502380
  • Co List Office Phone: 941-366-8070
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 4
  • List Office Head Office Key Nume: 1046393
  • Minimum Lease: 1-7 Days
  • RATIO Current Price By Calculate: 1023.78
  • Total Acreage: 1 to less than 2
  • Unit Number YN: 0
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Property Description: Corner Unit
  • Water Frontage Feet Beach: 300
  • MFR_BedroomClosetType: Walk-in Closet
  • MFR_BedroomClosetType: Walk-in Closet
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 2
  • Interior Amenities: Eat-in Kitchen, Master Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Walk-In Closet(s)
  • Appliances Included: Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 7
  • Street Number Modifier: 37
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Inside Utility
  • Living Area Meters: 140.66
  • Room Count: 7

Exterior Features

  • Direction Faces: East
  • Exterior Features: Balcony, Hurricane Shutters, Sliding Doors, Storage
  • Roof: Membrane
  • Pool Private: No
  • View: Water
  • Water Body Name: SARASOTA BAY
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Disclosures: Condominium Disclosure Available, Lead Paint
  • Water Access: Bay/Harbor,Beach
  • Water Extras: Sailboat Water,Skiing Allowed
  • Water Extras YN: 1
  • Water View: Bay/Harbor - Full,Beach
  • Water View YN: 1
  • Waterfront Feet Total: 988
  • Flood Zone Date: 2016-11-04
  • Flood Zone Panel: 12115C0133F
  • Water Frontage Feet Bay Harbor: 388
  • Water Frontage Feet Beach Pub: 300
  • Water Frontage Feet Beach Prvt: 300

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Assigned, Circular Driveway, Covered, Ground Level, Guest

Utilities

  • Utilities: Cable Available, Electricity Connected, Fiber Optics, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Pool, Water Access, Waterfront
  • Association Amenities: Elevator(s)
  • Association Fee Frequency: Quarterly
  • Association Name: Stacia Searcy
  • Phone: 941-315-8044
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Association Fee Requirement: Required
  • Building Name Number: LE CHATEAU
  • Condo Fees: 2306
  • Condo Land Included YN: 1
  • Montly Maint Amt Addition To HOA: 0
  • Monthly Condo Fee Amount: 769

Fee Information

  • Total Annual Fees: 9224.00
  • Total Monthly Fees: 768.67

Schools

  • Elementary School: Alta Vista Elementary
  • High School: Booker High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: DTB
  • Parcel Number: 2010021016
  • Additional Parcels: No
  • Flood Zone Code: VE
  • Homestead YN: 0
  • Lot Size Square Meters: 5680

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: No
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Must own 2 years prior to leasing up to one time per year. No minimum lease term restrictions.

Tax Info

  • Tax Annual Amount: 8490
  • Tax Book Number: 4-49
  • Tax Lot: 44

Multi Family

  • Waterfront Features: Bay/Harbor, Beach Front
  • Approval Process: Condo Association approval process

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2022
Closed on
May 1, 2023
Sold by
Samberg Mitchell D and Samberg Lynn
Bought by
Racanelli Eliza Gale
Seller's Agent
Betsy Sublett
DOUGLAS ELLIMAN
Buyer's Agent
Bibi-Ann Allard
MICHAEL SAUNDERS & COMPANY
List Price
$1,799,000
Sold Price
$1,550,000
Premium/Discount to List
-$249,000
-13.84%
Views
79
Current Estimated Value
$1,379,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$170,355
Avg. Annual Appreciation
-3.66%
Original Mortgage
$750,000
Outstanding Balance
$598,182
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$820,225

Purchase Details

Closed on
Apr 27, 2022
Sold by
Malouf Margaret G and West Ann Green
Bought by
Samberg Mitchell D and Samberg Lynn

Purchase Details

Closed on
Feb 19, 2000
Sold by
Ladd Harold O
Bought by
Green Howard S and Green Larissa Ladd

Purchase Details

Closed on
Feb 18, 2000
Sold by
Green Larissa
Bought by
Green Howard S and Green Larissa Ladd

Purchase Details

Closed on
Feb 16, 2000
Sold by
Martel Ida May
Bought by
Green Howard S and Green Larissa Ladd
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Racanelli Eliza Gale $1,550,000 None Listed On Document
Samberg Mitchell D $100 None Listed On Document
Green Howard S $60,000 --
Green Howard S -- --
Green Howard S $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Racanelli Eliza Gale $750,000
Previous Owner Green Howard S $499,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2023 05/01/23 Sold $1,550,000 -3.1% $1,024 / Sq Ft
02/22/2023 02/22/23 Pending -- -- --
02/13/2023 02/13/23 Price Changed $1,599,000 -5.9% $1,056 / Sq Ft
01/17/2023 01/17/23 Price Changed $1,699,000 -5.6% $1,122 / Sq Ft
12/03/2022 12/03/22 For Sale $1,799,000 -- $1,188 / 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 $18,201 $1,220,100 -- $1,220,100
2023 $18,201 $1,214,800 $0 $1,214,800
2022 $13,748 $906,600 $0 $906,600
2021 $8,490 $531,400 $0 $531,400
2020 $8,500 $518,200 $0 $518,200
2019 $3,477 $242,639 $0 $0
2018 $3,414 $238,115 $0 $0
2017 $3,370 $233,217 $0 $0
2016 $3,375 $479,700 $0 $479,700
2015 $3,423 $448,400 $0 $448,400
2014 $3,416 $221,706 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4553197

Stellar MLS

APN: 2010-02-1016