NOT LISTED FOR SALE

Estimated Value: $4,314,000 - $6,539,343

5 Beds
6 Baths
5,812 Sq Ft
$899/Sq Ft Est. Value

Last Sold May 04, 2023

Last sale price $3,250,000 $559 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $33,031/month

57 Days on Market

Highlights

  • Boathouse
  • 102 Feet of Bay Harbor Waterfront
  • 1.1 Acre Lot
  • Booker High School Rated A-
  • White Water Ocean Views
  • Wood Flooring

About This Home

As of May 2023

Sited on 1.1 acres of direct Bay Front where Sarasota Bay is its widest provides shockingly beautiful open water views along with priceless sunsets for this classic two-story Mediterranean Revival residence. The gated estate is set back from the point where Bay Shore Road curves at Ainsley Place and is called The Etowah named for the Etowah River in north Georgia. The 5,812 sq. ft home will require a major renovation to the original structure and the large extension added to the west of the home in 1992 by local architect Frank Folsom Smith. The historic portion of the home still has an amalgam of well-proportioned rooms, its original light sconces, wood floors, and beautiful arch details. The entry features a vaulted ceiling which leads to the living room centered on a beautiful fireplace as a focal point. The sunroom is surrounded in with windows of original circus glass. The dining room is on scale for entertaining. The adjacent kitchen is privy to an old fashioned back staircase leading to the second level. The 2nd level features the original owner’s bedroom claiming front and center position onto the view with 3 other bedrooms on this level. In the added wing, an oversized Great Room, an auxiliary kitchen and large owner’s quarters with a walk-in closet and spacious bath provide open water views. An original garage joins the home with separate 2nd level guest quarters.. The covered boathouse is also historically designated. The home has been unoccupied for a considerable period of time. A serious renovation is required. The list price is considered to represent land value.

Last Agent to Sell the Property

Kim Ogilvie

MICHAEL SAUNDERS & COMPANY License #0412475 Listed on: 02/22/2023

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Nora Johnson

MICHAEL SAUNDERS & COMPANY License #0683885

MICHAEL SAUNDERS & COMPANY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $49,836

Year Built

  • Built in 1928

Lot Details

  • 1.1 Acre Lot
  • 102 Feet of Bay Harbor Waterfront
  • South Facing Home
  • Fenced
  • Mature Landscaping
  • Native Plants
  • Property is zoned RSFE

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Mediterranean Architecture
  • Bi-Level Home
  • Slab Foundation
  • Tile Roof
  • Concrete Siding

Interior Spaces

  • 5,812 Sq Ft Home
  • Built-In Features
  • French Doors
  • Living Room
  • Sun or Florida Room
  • White Water Ocean Views

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 6 Full Bathrooms

Outdoor Features

  • Access to Bay or Harbor
  • Seawall
  • Boathouse

Schools

  • Emma E. Booker Elementary School
  • Booker Middle School
  • Booker High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Indian Beach Community
  • Indian Beach Map Of Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$49,836

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Mediterranean
  • Construction Materials: Concrete
  • Fireplace: Yes
  • Living Area: 5812
  • Lot Size Acres: 1.1
  • New Construction: No
  • Year Built: 1928
  • Building Area Total: 8020
  • Lot Size Sq Ft: 47998
  • Directions to Property: From Tamiami Trail (US-41), take a left onto 47th Street, left onto Bay Shore Road. Home is on the right.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 559.19
  • Total Acreage: 1 to less than 2
  • Unit Number YN: 0
  • Water Access YN: 1
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile, Wood
  • Full Bathrooms: 6
  • Interior Amenities: Built-in Features, Split Bedroom, Walk-In Closet(s)
  • Appliances Included: None
  • Foundation Details: Slab
  • Total Bedrooms: 5
  • Levels: Two
  • Street Number Modifier: 4511
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Florida Room
  • Living Area Meters: 539.95
  • Room Count: 3

Exterior Features

  • Direction Faces: South
  • Other Structures: Boat House
  • Exterior Features: French Doors, Sidewalk
  • Roof: Tile
  • Pool Private: No
  • View: Water
  • Water Body Name: SARASOTA BAY
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Water Access: Bay/Harbor
  • Water Extras: Boathouse,Seawall - Concrete
  • Water Extras YN: 1
  • Water View: Bay/Harbor - Full
  • Water View YN: 1
  • Waterfront Feet Total: 102
  • Flood Zone Date: 2016-11-04
  • Flood Zone Panel: 12115C0127F
  • Water Frontage Feet Bay Harbor: 102

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Driveway

Utilities

  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Emma E. Booker Elementary
  • High School: Booker High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: RSFE
  • Parcel Number: 2004040001
  • Additional Parcels: No
  • Fencing: Fenced
  • Flood Zone Code: VE
  • Homestead YN: 0
  • Lot Size Square Meters: 4459

Green Features

  • Green Verification Count: 0
  • Green Landscaping: Fl. Friendly/Native Landscape

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: Please verify City of Sarasota rental restrictions

Tax Info

  • Tax Annual Amount: 49836
  • Tax Block: 25
  • Tax Book Number: 41-118
  • Tax Lot: 25

Multi Family

  • Waterfront Features: Bay/Harbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2023
Closed on
May 24, 2023
Sold by
Johnson Family Partnership
Bought by
Johnson William and Johnson Nora
Seller's Agent
Kim Ogilvie
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Nora Johnson
MICHAEL SAUNDERS & COMPANY
List Price
$3,995,000
Sold Price
$3,250,000
Premium/Discount to List
-$745,000
-18.65%
Views
199
Current Estimated Value
$5,226,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,976,781
Avg. Annual Appreciation
24.48%

Purchase Details

Listed on
Feb 22, 2023
Closed on
May 4, 2023
Sold by
John F Cuneo Revocable Trust
Bought by
Johnson Family Partnership
Seller's Agent
Kim Ogilvie
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Nora Johnson
MICHAEL SAUNDERS & COMPANY
List Price
$3,995,000
Sold Price
$3,250,000
Premium/Discount to List
-$745,000
-18.65%
Views
199

Purchase Details

Closed on
May 26, 2017
Sold by
Steele Hillary G and Goldman Ellen A
Bought by
Bank Of America Na

Purchase Details

Closed on
Nov 18, 2005
Sold by
Steele Hillary G
Bought by
Steele Hillary G and Goldman Ellen A

Purchase Details

Closed on
Jan 14, 2005
Sold by
Wachovia Bank Na
Bought by
Miller Kenneth D and Land Trust #105

Purchase Details

Closed on
Jun 17, 2003
Sold by
Steele Hillary G
Bought by
Steele Hillary G and Goldman Ellen A

Purchase Details

Closed on
Oct 8, 1999
Sold by
Goldman Gloria and Goldman Stanley
Bought by
Steele Hillary G
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
Johnson William $100 None Listed On Document
Johnson Family Partnership $3,250,000 None Listed On Document
Bank Of America Na $2,200,000 None Available
Steele Hillary G -- --
Miller Kenneth D -- --
Steele Hillary G -- --
Steele Hillary G -- --
Steele Hillary G -- --
Goldman Stanley -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2023 05/04/23 Sold $3,250,000 -18.6% $559 / Sq Ft
04/21/2023 04/21/23 Pending -- -- --
02/22/2023 02/22/23 For Sale $3,995,000 -- $687 / 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 $48,973 $2,798,400 -- --
2023 $48,973 $3,263,500 $3,115,400 $148,100
2022 $49,837 $3,533,500 $3,193,900 $339,600
2021 $9,108 $659,000 $473,700 $185,300
2020 $9,538 $740,500 $409,100 $331,400
2019 $35,798 $2,212,000 $1,833,900 $378,100
2018 $37,852 $2,334,000 $1,966,700 $367,300
2017 $43,870 $2,451,022 $0 $0
2016 $41,051 $2,753,100 $1,575,600 $1,177,500
2015 $41,722 $2,945,000 $1,713,000 $1,232,000
2014 $39,464 $1,674,081 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4561223

Stellar MLS

APN: 2004-04-0001