NOT LISTED FOR SALE

408 Gulf of Mexico Dr Unit 1203 Longboat Key, FL 34228

Estimated Value: $41,610

-- Bed
-- Bath
-- Sq Ft
0.6 Acres

Last Sold April 01, 2022

Last sale price $45,000

Est. 8% decrease in value since last sale

Current estimated payment $417/month

143 Days on Market

Highlights

  • 500 Feet of Waterfront
  • Water access To Gulf or Ocean
  • 0.6 Acre Lot
  • Southside Elementary School Rated A
  • Full Gulf or Ocean Views
  • 5-minute walk to Overlook Park

About This Home

As of April 2022

Looking to own a boat slip in The Boathouse on Longboat Key, well now is your chance! Can accommodate monohull boats only. Dimensions: Max Width of 8.5ft and Length of 30ft. Facilities include floating docks, fuel, fresh water for cleaning, electric for battery charging and 4 covered detail racks available for boat maintenance. Restrooms have showers for men and women. The Drydock Waterfront Grill is on site, and serves some of the best seafood on the island.

Last Agent to Sell the Property

Heather Gehan

COLDWELL BANKER REALTY License #3515175 Listed on: 10/12/2021

COLDWELL BANKER REALTY

Co-Listed By

Nicole Betz

KW COASTAL LIVING III License #3351222

Last Buyer's Agent

Heather Gehan

COLDWELL BANKER REALTY License #3515175 Listed on: 10/12/2021

COLDWELL BANKER REALTY

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $361

Lot Details

  • 0.6 Acre Lot
  • 500 Feet of Waterfront
  • Property fronts gulf or ocean
  • West Facing Home
  • Property is zoned M1

HOA Fees

  • $155 Monthly HOA Fees

Property Views

  • Full Gulf or Ocean Views

Home Design

  • Dock Rackominium
  • Metal Roof

Outdoor Features

  • Water access To Gulf or Ocean
  • Exterior Lighting

Utilities

  • No Cooling
  • Heating Available

Community Details

  • Boathouse On Longboat Community
  • Boathouse On Longboat Subdivision
  • Rental Restrictions

Listing and Financial Details

Property Details

Property Type

Other

Est. Annual Taxes

$361

Lot Details

0

HOA Fees

$155 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Dock-Rackominium
  • Lot Size Acres: 0.6
  • New Construction: No
  • Lot Size Sq Ft: 26052
  • Directions to Property: Head West on Fruitville Rd, Left onto 41, Take Right onto N Gulf Stream Ave, At the Roundabout take the first exit onto N Blvd of the Presidents, Stay on John Ringling Pkwy, Marina will be on your right behind Mobil Gas Station
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4514607?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4514607?w=Customer
  • Homestead Y N: No
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.9
  • Close to Original List Price Ratio: 0.81818
  • View: No
  • Co List Office Mls Id: 281521326
  • Co List Office Phone: 941-803-7522
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 408

Exterior Features

  • Direction Faces: West
  • Exterior Features: Lighting
  • Roof: Metal
  • Pool Private: No
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water View: Gulf/Ocean - Full
  • Water Access: Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Waterfront Frontage: 500
  • Water Frontage Feet Gulf Ocean: 500

Garage/Parking

  • Open Parking: No

Utilities

  • Utilities: Electricity Connected, Water Connected
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Fee Requirement: None
  • Montly Maint Amt Addition To H O A: 155
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 1860
  • Total Monthly Fees: 155

Lot Info

  • Zoning: M1
  • Parcel Number: 0012042041
  • Additional Parcels: No
  • Flood Zone Code: AE

Rental Info

  • Minimum Lease: 1-2 Years
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: You need a rental license from The Town of Longboat Key.

Tax Info

  • Tax Annual Amount: 361
  • Tax Book Number: 1997-2360
  • Tax Lot: 1203

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2021
Closed on
Mar 31, 2022
Sold by
Debra L Newman Revocable Trust
Bought by
Geth Barry Llc
Seller's Agent
Heather Gehan
COLDWELL BANKER REALTY
Buyer's Agent
Heather Gehan
COLDWELL BANKER REALTY
List Price
$55,000
Sold Price
$45,000
Premium/Discount to List
-$10,000
-18.18%
Current Estimated Value
$41,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,390
Avg. Annual Appreciation
-2.19%

Purchase Details

Closed on
Jun 7, 2004
Sold by
Meehan Daniel E and Meehan Eileen R
Bought by
Newman Debra L

Purchase Details

Closed on
May 15, 1996
Sold by
L B K Boathouse Inc
Bought by
Meehan Daniel E and Meehan Eileen M
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Geth Barry Llc $45,000 Berlin Patten Ebling Pllc
Newman Debra L $41,000 --
Meehan Daniel E $18,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2022 04/01/22 Sold $45,000 -18.2% --
03/04/2022 03/04/22 Pending -- -- --
12/02/2021 12/02/21 For Sale $55,000 0.0% --
11/27/2021 11/27/21 Pending -- -- --
11/03/2021 11/03/21 For Sale $55,000 0.0% --
10/22/2021 10/22/21 Pending -- -- --
10/12/2021 10/12/21 For Sale $55,000 -- --
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 $486 $40,920 -- --
2023 $486 $37,200 $37,200 $0
2022 $422 $35,500 $35,500 $0
2021 $361 $26,000 $26,000 $0
2020 $406 $31,100 $31,100 $0
2019 $346 $23,800 $23,800 $0
2018 $363 $24,800 $24,800 $0
2017 $342 $23,000 $23,000 $0
2016 $349 $23,000 $23,000 $0
2015 $428 $27,400 $27,400 $0
2014 $431 $26,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Heather Gehan

    Seller's Agent in 2022

    Heather Gehan

    COLDWELL BANKER REALTY

    (941) 383-6411

    4 in this area

    54 Total Sales

    Heather Gehan
    Section Image
  • Nicole Betz

    Seller Co-Listing Agent in 2022

    Nicole Betz

    KW COASTAL LIVING III

    (941) 468-9551

    5 in this area

    288 Total Sales

    Nicole Betz
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4514607

Stellar MLS

APN: 0012-04-2041

Florida Sarasota County Longboat Key 34228

408 Gulf of Mexico Dr Unit 1203, Longboat Key, FL

This home is located at 408 Gulf of Mexico Dr Unit 1203, Longboat Key, FL 34228 since 12 October 2021 and is currently estimated at $41,610. 408 Gulf of Mexico Dr Unit 1203 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

Nearby Homes