Seller's Agent in 2023
Steve and Janet Walter
Michael Saunders
(941) 809-0907
52 in this area
62 Total Sales
4975 Gulf of Mexico Dr Unit 305 Longboat Key, FL 34228
Estimated Value: $4,106,000 - $5,124,000
3
Beds
3.5
Baths
3,122
Sq Ft
$4,300/mo
HOA Fee
Highlights
- 750 Feet of Ocean or Gulf Waterfront
- White Water Ocean Views
- Fitness Center
- Anna Maria Elementary School Rated A-
- Beach Access
- Heated Lap Pool
About This Home
As of April 2023Positano, Longboat Key - Elevate your coastal lifestyle in this magnificent penthouse in the exclusive beachfront community of Positano on the Gulf, showcasing breathtaking views of turquoise waters and mesmerizing nightly sunsets. The prestigious mid-Longboat Key enclave of 29 residences is situated on 10 acres with 750 feet of private, pristine beachfront on the Gulf of Mexico. The interior features high ceilings and an architectural design that defines ample living spaces. Double entry doors in the private elevator foyer open to an elegant dining area and grand salon, where multiple glass sliders boast impressive unobstructed Gulf vistas. The expansive wraparound terrace is perfect for dining, relaxing and entertaining while soaking in the captivating scenery and seaside breezes. The terrace can be accessed through sliders in several rooms, while the owner’s suite and two en-suite guest bedrooms have private terraces for enjoying sunrise views over the Intracoastal Waterway. In the well-appointed gourmet kitchen, you’ll be treated to endless Gulf views through a wall of sliders while enjoying breakfast, preparing meals or gathering with family and friends around the large island. Outdoors, paver paths wind throughout the picturesque community’s meticulously maintained grounds, which surround the heated 75-foot pool and clubhouse, with easy access to the sandy shoreline and gentle Gulf waters. The residence also has a 3-car garage. A 24-hour guard house offers peace of mind, and an on-site property manager is available if you need immediate assistance. Other community amenities include a separate hot tub, poolside cabanas, community room with fireplace and fitness center. The essence of luxurious island living awaits in this remarkable waterfront penthouse.
Last Agent to Sell the Property
MICHAEL SAUNDERS & COMPANY License #3436836 Listed on: 01/27/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $41,583
Year Built
- Built in 2007
Lot Details
- 750 Feet of Ocean or Gulf Waterfront
- East Facing Home
- Mature Landscaping
- Oversized Lot
- Level Lot
HOA Fees
- $4,300 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- Split Garage
- Ground Level Parking
- Side Facing Garage
- Garage Door Opener
- Secured Garage or Parking
- Parking Garage Space
Property Views
- White Water Ocean
- Partial Bay or Harbor
Home Design
- Custom Home
- Traditional Architecture
- Entry on the 3rd floor
- Slab Foundation
- Concrete Roof
- Block Exterior
- Stucco
Interior Spaces
- 3,122 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Bar Fridge
- Dry Bar
- Crown Molding
- High Ceiling
- Ceiling Fan
- Blinds
- Drapes & Rods
- Great Room
- Family Room
- Combination Dining and Living Room
- Home Office
Kitchen
- Eat-In Kitchen
- Built-In Oven
- Cooktop
- Recirculated Exhaust Fan
- Microwave
- Freezer
- Dishwasher
- Wine Refrigerator
- Stone Countertops
- Solid Wood Cabinet
- Disposal
Flooring
- Wood
- Carpet
- Travertine
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- Split Bedroom Floorplan
- Walk-In Closet
Laundry
- Laundry in unit
- Dryer
- Washer
Home Security
- Home Security System
- Security Lights
- Security Gate
- Security Fence, Lighting or Alarms
Pool
- Heated Lap Pool
- Heated In Ground Pool
- In Ground Spa
- Pool Deck
- Pool Tile
- Pool Lighting
Outdoor Features
- Beach Access
- Water access To Gulf or Ocean
- Balcony
- Deck
- Covered Patio or Porch
- Exterior Lighting
- Outdoor Storage
Location
- Flood Zone Lot
- Property is near public transit
Schools
- Anna Maria Elementary School
- W.D. Sugg Middle School
- Bayshore High School
Utilities
- Central Heating and Cooling System
- Underground Utilities
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Visit Down Payment Resource Website
- Assessor Parcel Number 8009700959
Community Details
Overview
- Association fees include 24-Hour Guard, common area taxes, pool, escrow reserves fund, maintenance structure, ground maintenance, maintenance, management, private road, recreational facilities
- Teal White Association, Phone Number (941) 383-5400
- Positano Subdivision
- On-Site Maintenance
- Association Owns Recreation Facilities
- The community has rules related to deed restrictions
Amenities
- Clubhouse
- Elevator
Recreation
- Recreation Facilities
- Fitness Center
- Community Pool
- Community Spa
Pet Policy
- Pets up to 100 lbs
- 2 Pets Allowed
Security
- Security Service
- Card or Code Access
- Gated Community
- Fire and Smoke Detector
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 27, 2023
Closed on
Apr 7, 2023
Sold by
Merlino James I and Merlino Amy A
Bought by
Mary K Sigmon Trust and Sigmon
Seller's Agent
Steve and Janet Walter
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Maureen Horn
MICHAEL SAUNDERS & COMPANY
List Price
$5,495,000
Sold Price
$4,900,000
Premium/Discount to List
-$595,000
-10.83%
Views
79
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$387,832
Avg. Annual Appreciation
-3.32%
Purchase Details
Listed on
Feb 10, 2017
Closed on
Jun 29, 2017
Sold by
Heartbeat Llc
Bought by
Merlino James J and Merlino Amy A
Seller's Agent
Lee Rugh
COLDWELL BANKER REALTY
Buyer's Agent
Janet Walter
MICHAEL SAUNDERS & COMPANY
List Price
$3,395,000
Sold Price
$3,100,000
Premium/Discount to List
-$295,000
-8.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.24%
Original Mortgage
$2,325,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Nov 19, 2009
Sold by
Positano Llc
Bought by
Heartbeat Llc
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mary K Sigmon Trust | $4,900,000 | None Listed On Document | |
| Merlino James J | $3,100,000 | Msc Title Inc | |
| Heartbeat Llc | $2,025,000 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Merlino James J | $2,325,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/10/2023 04/10/23 | Sold | $4,900,000 | -7.5% | $1,570 / Sq Ft |
| 03/29/2023 03/29/23 | Pending | -- | -- | -- |
| 03/04/2023 03/04/23 | Price Changed | $5,295,000 | -3.6% | $1,696 / Sq Ft |
| 01/27/2023 01/27/23 | For Sale | $5,495,000 | +77.3% | $1,760 / Sq Ft |
| 08/17/2018 08/17/18 | Off Market | $3,100,000 | -- | -- |
| 06/29/2017 06/29/17 | Sold | $3,100,000 | -8.7% | $993 / Sq Ft |
| 05/29/2017 05/29/17 | Pending | -- | -- | -- |
| 02/10/2017 02/10/17 | For Sale | $3,395,000 | -- | $1,087 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $67,150 | $3,859,000 | -- | $3,859,000 |
| 2024 | $67,150 | $4,352,000 | -- | $4,352,000 |
| 2023 | $42,301 | $2,705,295 | $0 | $0 |
| 2022 | $41,583 | $2,626,500 | $0 | $0 |
| 2021 | $40,688 | $2,550,000 | $0 | $2,550,000 |
| 2020 | $42,925 | $2,550,000 | $0 | $2,550,000 |
| 2019 | $42,548 | $2,550,000 | $0 | $2,550,000 |
| 2018 | $43,255 | $2,550,000 | $0 | $0 |
| 2017 | $42,981 | $2,624,000 | $0 | $0 |
| 2016 | $39,822 | $2,359,000 | $0 | $0 |
| 2015 | $39,178 | $2,290,000 | $0 | $0 |
| 2014 | $39,178 | $2,248,640 | $0 | $0 |
| 2013 | $36,429 | $2,183,146 | $1 | $2,183,145 |
Source: Public Records
Agents Affiliated with this Home
-
Steve and Janet Walter
-
Janet Walter
Seller Co-Listing Agent in 2023
Janet Walter
Michael Saunders
(941) 232-2000
61 in this area
76 Total Sales
-
Maureen Horn
Buyer's Agent in 2023
Maureen Horn
Michael Saunders
(941) 539-3384
33 in this area
65 Total Sales
-
Lee Rugh
Seller's Agent in 2017
Lee Rugh
COLDWELL BANKER REALTY
(941) 320-0677
3 in this area
7 Total Sales
Map
Source: Stellar MLS
MLS Number: A4557519
APN: 80097-0095-9
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