$5,675,000
SOLD AUG 2, 2018

4011 Shell Rd Sarasota, FL 34242

5 Beds
9 Baths
9,202 Sq Ft
0.81 Acres

Recently Sold

$617 Per Sq Ft

18% Below List Price

59 Days on Market

Highlights

  • 98 Feet of Waterfront
  • Beach View
  • Public Beach
  • Phillippi Shores Elementary School Rated A
  • Water access To Gulf or Ocean
  • Home Theater

About This Home

As of August 2018

Bank Owned. Set on nearly an acre on the coveted north end of Siesta Key directly on the Gulf of Mexico, this property offers incredible sunset views over the calm blue Gulf waters. Completed in 2007 by premier Sarasota luxury homebuilder Perrone Construction, Inc. this estate was built to provide the perfect backdrop for indulgent relaxation or lavish entertaining both inside and out. Eight open porches and patios, a pool with waterfall, lounging area, spa, and slide highlight the exterior features. Inside there are five bedrooms, five full and four half baths, living/dining rooms, kitchen, family room, home theater and a two-story office. Direct beach access.

Last Agent to Sell the Property

Joel Schemmel

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3060476 Listed on: 03/19/2018

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Dania Perry

CENTURY 21 JIM WHITE & ASSOC License #3174263

CENTURY 21 JIM WHITE & ASSOC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $74,831

Year Built

  • Built in 2007

Lot Details

  • 0.81 Acre Lot
  • 98 Feet of Waterfront
  • Property fronts gulf or ocean
  • Property fronts a public beach
  • Public Beach
  • East Facing Home
  • Mature Landscaping
  • Landscaped with Trees
  • Property is zoned RSF1

Parking

  • 4 Car Attached Garage
  • Garage Door Opener
  • Open Parking

Property Views

  • Beach
  • Full Gulf or Ocean

Home Design

  • Custom Home
  • Spanish Architecture
  • Tri-Level Property
  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 9,202 Sq Ft Home
  • Wet Bar
  • Dry Bar
  • Crown Molding
  • Tray Ceiling
  • High Ceiling
  • Wood Burning Fireplace
  • Gas Fireplace
  • French Doors
  • Sliding Doors
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Home Theater
  • Den
  • Bonus Room
  • Game Room
  • Inside Utility

Kitchen

  • Built-In Oven
  • Range with Range Hood
  • Recirculated Exhaust Fan
  • Freezer
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Brick
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Fire and Smoke Detector

Pool

  • Heated Infinity Pool
  • Saltwater Pool
  • Vinyl Pool
  • Spa

Outdoor Features

  • Water access To Gulf or Ocean
  • Balcony
  • Deck
  • Covered patio or porch
  • Breezeway
  • Rain Gutters

Location

  • Flood Zone Lot

Schools

  • Southside Elementary School
  • Brookside Middle School
  • Sarasota High School

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • Built by Perrone Construction
  • Siesta Rev Community
  • Siesta Key Subdivision

Amenities

  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$74,831

Year Built

Built in 2007

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom, Spanish/Mediterranean
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 9202
  • Lot Size Acres: 0.81
  • New Construction: No
  • Year Built: 2007
  • Building Area Total: 13666
  • Lot Size Sq Ft: 35277
  • Directions to Property: Siesta Dr to Higel/Shell Rd. Home is on the Gulf side of the street. Note: Do not turn Right on N. Shell, stay on Higel.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4213545&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4213545&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: Yes
  • Total Acreage: 1/2 to less than 1
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Subdivision Num: 0073
  • Call Center Phone Number: 941-364-4014
  • Ratio: Close Price\List Price: 0.94741
  • Price per Sq Ft: 616.71
  • Close to Original List Price Ratio: 0.81772
  • Ratio: Current Price\Building Area Total: 415.26
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: 4116

Interior Features

  • Fireplace Features: Gas, Living Room, Other Room, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Brick/Stone, Carpet, Marble, Hardwood
  • Full Bathrooms: 5
  • Half Bathrooms: 4
  • Interior Amenities: Crown Molding, Dry Bar, Elevator, High Ceiling(s), Master Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Stone Counters, Tray Ceiling(s), Walk-In Closet(s), Wet Bar
  • Appliances Included: Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Oven, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 5
  • Levels: Three Or More
  • Spa Yn: Yes
  • Street Number Modifier: 4011
  • Room Count: 11
  • Additional Rooms: Bonus Room, Breakfast Room Separate, Breezeway, Den/Library/Office, Family Room, Formal Dining Room Separate, Formal Living Room Separate, Foyer, Game Room, Inside Utility, Media Room
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: East
  • Pool Features: Heated, Infinity, Other, Salt Water, Vinyl
  • Exterior Features: Balcony, French Doors, Rain Gutters, Sliding Doors
  • Roof: Tile
  • Pool Private: Yes
  • View: Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Water View: Beach, Gulf/Ocean - Full
  • Water Access: Beach - Public, Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Waterfront Frontage: 98
  • Water Frontage Feet Beach Pub: 49
  • Water Frontage Feet Gulf Ocean: 49

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Guest
  • Covered Parking Spaces: 4
  • Open Parking: Yes

Utilities

  • Utilities: Cable Available, Electricity Connected, Public, Underground Utilities
  • Cooling: Central Air, Zoned
  • Heating: Central, Electric, Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Security: Security System Owned, Smoke Detector(s)
  • Senior Community: No
  • Association Fee Requirement: None
  • Association Approval Required YN: No

Schools

  • Elementary School: Southside Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RSF1
  • Parcel Number: 0078030017
  • Additional Parcels: No
  • Lot Features: FloodZone
  • Millage Rate: 13.26
  • Flood Zone Code: VE
  • Future Land Use: 0100
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Perrone Construction

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: 1 Month
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 74831
  • Tax Block: 51
  • Tax Book Number: 000A/0038
  • Tax Lot: 3

Multi Family

  • Waterfront Features: Beach - Public, Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2022
Sold by
Marcos Soberano
Bought by
Ms Irrevocable Trust
Current Estimated Value
$8,215,210

Purchase Details

Closed on
Nov 11, 2020
Sold by
Atkinson Pamela and Shpilt David
Bought by
Soberano Marcos

Purchase Details

Closed on
May 30, 2018
Sold by
Jpmorgan Chase Bank National Association
Bought by
Atkinson Pamela and Shpilt David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,405,000
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 26, 2014
Closed on
Oct 10, 2017
Sold by
James Brian C
Bought by
Jpmorgan Chase Bank National Association
Seller's Agent
Joel Schemmel
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Stellar Non-Member Agent
Stellar Non-Member Office
List Price
$8,990,000
Sold Price
$7,453,359
Premium/Discount to List
-$1,536,641
-17.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.28%

Purchase Details

Closed on
May 11, 2005
Sold by
Davis Bridget Byrne
Bought by
James Brian C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,437,500
Interest Rate
5.98%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 1, 2004
Sold by
Davis Jared A and Davis Bridget B
Bought by
Davis Bridget Byrne and Bridget Byrne Davis Revocable Trust

Purchase Details

Closed on
Feb 22, 2002
Sold by
Waterside Inv Group Inc
Bought by
Davis Jared A and Davis Bridget B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,987,500
Interest Rate
6.81%

Purchase Details

Closed on
Dec 27, 2001
Sold by
Waterside Inv Group Inc
Bought by
White Ronald P and White Barbara J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,987,500
Interest Rate
6.81%

Purchase Details

Closed on
Sep 14, 2001
Sold by
Cape Hatteras Land Holdings Ltd
Bought by
Waterside Inv Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,850,000
Interest Rate
6.87%

Purchase Details

Closed on
Mar 25, 1998
Sold by
Collenge Hope
Bought by
Rd Shell
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $100 --
Warranty Deed $5,950,000 Attorney
Special Warranty Deed $5,675,000 Fidelity Natl Title Of Flori
Warranty Deed $7,453,359 Lenderlive Settlement Svcs L
Deed $3,250,000 --
Interfamily Deed Transfer -- --
Warranty Deed $2,650,000 --
Quit Claim Deed -- --
Warranty Deed $2,650,000 --
Warranty Deed $3,445,000 --
Warranty Deed $1,329,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $800,000 Commercial
Previous Owner $3,405,000 Adjustable Rate Mortgage/ARM
Previous Owner $5,536,600 Balloon
Previous Owner $2,437,500 Fannie Mae Freddie Mac
Previous Owner $700,000 New Conventional
Previous Owner $1,987,500 No Value Available
Previous Owner $3,850,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2018 08/17/18 Off Market $7,453,359 -- --
08/02/2018 08/02/18 Sold $5,675,000 -5.3% $617 / Sq Ft
05/18/2018 05/18/18 Pending -- -- --
04/27/2018 04/27/18 Price Changed $5,990,000 -13.7% $651 / Sq Ft
03/19/2018 03/19/18 For Sale $6,940,000 -6.9% $754 / Sq Ft
11/14/2017 11/14/17 Sold $7,453,359 0.0% $810 / Sq Ft
11/06/2017 11/06/17 Off Market $7,453,359 -- --
01/02/2017 01/02/17 Price Changed $6,900,000 -6.8% $750 / Sq Ft
01/27/2016 01/27/16 Price Changed $7,400,000 -7.4% $804 / Sq Ft
03/24/2015 03/24/15 Price Changed $7,990,000 -11.1% $868 / Sq Ft
08/26/2014 08/26/14 For Sale $8,990,000 -- $977 / 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 $97,528 $7,853,700 $3,709,700 $4,144,000
2023 $97,528 $8,281,200 $3,317,500 $4,963,700
2022 $82,272 $7,299,400 $3,276,500 $4,022,900
2021 $72,479 $5,860,900 $2,578,900 $3,282,000
2020 $76,356 $6,042,100 $2,551,400 $3,490,700
2019 $69,743 $5,534,800 $2,162,500 $3,372,300
2018 $74,890 $5,936,500 $2,347,900 $3,588,600
2017 $74,831 $5,863,951 $0 $0
2016 $74,822 $8,276,500 $2,289,000 $5,987,500
2015 $76,320 $7,561,500 $2,324,400 $5,237,100
2014 $76,087 $5,574,534 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4213545

Stellar MLS

APN: 0078-03-0017