NOT LISTED FOR SALE

4225 Palacio Dr Sarasota, FL 34238

Estimated Value: $1,201,000 - $1,373,664

4 Beds
4.5 Baths
3,708 Sq Ft
$349/Sq Ft Est. Value

Last Sold July 20, 2017

Last sale price $680,000 $183 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $8,075/month

87 Days on Market

Highlights

  • On Golf Course
  • Oak Trees
  • Gated Community
  • Riverview High School Rated A
  • Screened Pool
  • Open Floorplan

About This Home

As of July 2017

A must see home! Owned by a movie star couple for over 19 years, this home was meticulously maintained and exudes elegance and glamour. The impressive foyer entryway is open and bright with views of the pool lanai and the 6th fairway of TPC Prestancia`s 18-hole championship golf course. This custom built 4 bedroom, 4.5 bath home has a well thought out floor plan and all of the living areas are bright and spacious with high ceilings throughout. The master bedroom has pool access and features grand double door entry, his and her walk-in closets, large Jacuzzi tub, sitting area and views of the golf course. The kitchen is beautiful with lots of cabinets and counter space that is open to the large family room with a fireplace and golf course views. Other areas include three spacious guest suites; an office with built- ins, large laundry room, full pool bath and an over-sized 3 car garage that allows ample room for all the family vehicles. The home has Kohler in all the bathrooms and kitchen. Some of the recent, no expense spared, upgrades that were done in January 2017 include: new clay tile roof by most reputable top roofing company in Sarasota, the pool re-mar-cited and lanai has new patio pavers, the exterior has been painted, extensive landscaping and new carpet in the bedrooms and office. This incredible home is conveniently located near shopping and restaurants and is just a few miles from beautiful Siesta Key Beach.

Last Agent to Sell the Property

Terri Thayer

COLDWELL BANKER REALTY License #3338875 Listed on: 03/09/2017

COLDWELL BANKER REALTY

Last Buyer's Agent

Bill Santamaria

BRIGHT REALTY License #3284642

BRIGHT REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,349

Year Built

  • Built in 1994

Lot Details

  • 0.39 Acre Lot
  • On Golf Course
  • Mature Landscaping
  • Private Lot
  • Oak Trees
  • Property is zoned RSF2

HOA Fees

  • $318 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway
  • Golf Cart Parking

Property Views

  • Golf Course
  • Pool

Home Design

  • Florida Architecture
  • Mediterranean Architecture
  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stone Siding

Interior Spaces

  • 3,708 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Sliding Doors
  • Entrance Foyer
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Inside Utility

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Pool

  • Screened Pool
  • In Ground Pool
  • Gunite Pool
  • Spa
  • Fence Around Pool
  • Pool Tile

Outdoor Features

  • Deck
  • Enclosed Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Schools

  • Gulf Gate Elementary School
  • Sarasota Middle School
  • Riverview High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 0113070005

Community Details

Overview

  • Prestancia Community
  • Prestancia Subdivision
  • The community has rules related to deed restrictions, fencing

Recreation

  • Golf Course Community

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,349

Year Built

Built in 1994

Lot Details

0

HOA Fees

$318 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Florida, Mediterranean
  • Construction Materials: Block, Stone
  • Fireplace: Yes
  • Living Area: 3708
  • Lot Size Acres: 0.39
  • New Construction: No
  • Year Built: 1994
  • Building Area Total: 4993
  • Lot Size Sq Ft: 17170
  • Directions to Property: 301S becaomes US 41S/S Tamiami Trl to left onto Bee Ridge; Right onto Beneva Rd;Left onto Palmer Ranch Pkwy;take the 1st right onto Prestancia Blvd(gate access req.);2nd left onto Palacio Dr - stay left at fork then to #4225 on the left hand side.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • List Office Head Office Key Nume: 1044707
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 183.39
  • Total Acreage: 1/4 Acre to 21779 Sq. Ft.
  • Water Access YN: 0
  • Amenities Additional Fees: There are two separate neighborhood dues."Prestancia" is $530 a quarter and “Palacio" is $425 a quarter so $2,120 and $1,700 a year total together $3820 annually
  • Tax Year: 2016
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Family Room
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan
  • Appliances Included: Dishwasher, Dryer, Microwave Hood, Oven, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Spa Yn: Yes
  • Street Number Modifier: 4225
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Foyer,Inside Utility
  • Room Count: 10

Exterior Features

  • Pool Features: Gunite, In Ground, Screen Enclosure, Tile
  • Exterior Features: Sliding Doors, Lighting, Rain Gutters
  • Roof: Tile
  • Home Warranty: No
  • Pool Private: Yes
  • View: Golf Course, Pool
  • Waterfront: No
  • Patio and Porch Features: Deck, Enclosed, Patio, Porch, Screened
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2016-11-04T00:00:00.000
  • Flood Zone Panel: 12115C0163F

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Driveway, Garage Door Opener, Golf Cart Parking

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Public, Street Lights
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Gated, Golf
  • Association Amenities: Fence Restrictions, Gated
  • Association Fee: 3820
  • Association Fee Frequency: Annually
  • Association: Yes
  • Security: Gated Community
  • Senior Community: No
  • Association Approval Required YN: 0
  • Association Fee Requirement: Required

Fee Information

  • Monthly HOA Amount: 318.33

Schools

  • Elementary School: Gulf Gate Elementary
  • High School: Riverview High
  • Middle Or Junior School: Sarasota Middle

Lot Info

  • Zoning: RSF2
  • Parcel Number: 0113070005
  • Additional Parcels: No
  • Lot Features: In County, On Golf Course, Paved, Private
  • Property Attached Yn: No
  • Flood Zone Code: X
  • Homestead YN: 0
  • Zoning Compatible YN: 0

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 0

Tax Info

  • Tax Annual Amount: 6349
  • Tax Book Number: 35-2
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2017
Closed on
Jul 13, 2017
Sold by
Thayer Jeremy
Bought by
Schmidt David S and Schmidt Lidia G
Seller's Agent
Terri Thayer
COLDWELL BANKER REALTY
Buyer's Agent
Bill Santamaria
BRIGHT REALTY
List Price
$749,900
Sold Price
$680,000
Premium/Discount to List
-$69,900
-9.32%
Current Estimated Value
$1,295,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$615,666
Avg. Annual Appreciation
8.78%
Original Mortgage
$392,000
Outstanding Balance
$330,030
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$1,014,125

Purchase Details

Closed on
May 28, 1998
Sold by
Martin Ivy
Bought by
Martin Ivy

Purchase Details

Closed on
Sep 20, 1996
Sold by
Spitale Raymond and Spitale Carol
Bought by
Martin Charles and Martin Ivy

Purchase Details

Closed on
May 6, 1994
Sold by
Leslie Dawn Inc
Bought by
Spitale Raymond and Spitale Carol

Purchase Details

Closed on
Apr 28, 1994
Sold by
J D Eastrich Prop No 1 Ltd Ptnr
Bought by
Leslie Dawn Inc

Purchase Details

Closed on
May 26, 1993
Sold by
Leslie Dawn Inc
Bought by
15 S Fl Sarasota Inc
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
Schmidt David S $680,000 None Available
Martin Ivy -- --
Martin Charles $435,000 --
Spitale Raymond $127,500 --
Leslie Dawn Inc $89,000 --
15 S Fl Sarasota Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmidt David S $392,000
Previous Owner Stmm Llc $2,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2018 08/17/18 Off Market $680,000 -- --
07/20/2017 07/20/17 Sold $680,000 -9.3% $183 / Sq Ft
06/05/2017 06/05/17 Pending -- -- --
03/09/2017 03/09/17 For Sale $749,900 -- $202 / 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 $8,378 $709,579 -- --
2023 $8,378 $688,912 $0 $0
2022 $8,138 $668,847 $0 $0
2021 $8,106 $649,366 $0 $0
2020 $8,148 $640,400 $160,400 $480,000
2019 $8,768 $695,773 $0 $0
2018 $8,599 $682,800 $212,300 $470,500
2017 $9,426 $700,800 $212,300 $488,500
2016 $6,349 $612,600 $165,800 $446,800
2015 $6,463 $595,700 $175,200 $420,500
2014 $6,504 $469,854 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4179824

Stellar MLS

APN: 0113-07-0005