NOT LISTED FOR SALE

4985 Gulf of Mexico Dr Unit 403 Longboat Key, FL 34228

Estimated Value: $4,588,444 - $4,956,000

3 Beds
3.5 Baths
3,344 Sq Ft
$3,549/mo HOA Fee

Last Sold April 09, 2021

Last sale price $3,495,000 $1,045 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $34,515/month

20 Days on Market

Highlights

  • Heated In Ground Pool
  • Balcony
  • Central Heating and Cooling System
  • Anna Maria Elementary School Rated A-
  • 2 Car Attached Garage
  • Ceiling Fan

About This Home

As of April 2021

Spectacular North west corner three bedroom condo with direct beachfront views at Positano, a 10 acre oasis with only 29 residences. This is Florida living at its very best! This second floor corner location has breathtaking views of the Gulf of Mexico and miles of beautiful sandy beach plus views of Sarasota Bay and downtown and amazing sunsets. A fantastic wrapping terrace on the Gulfside offers outdoor enjoyment from the main living area and master suite. Two other terraces off the additional bedrooms offer privacy and wonderful views. This true three bedroom, all with private baths, is 3319 square feet. A Gulf front gourmet kitchen with state-of-the art appliances has an adjacent family gathering area. The open plan flows from the living room area to the dining room and the floor to ceiling windows that dramatically overlook the Gulf of Mexico and beach, enhance the brightness and open feeling of this home. This home has beautiful marble floors, 10 foot ceilings, crown molding and comes with a private enclosed two car garage with direct access. The Owners' Club amenities include a state-of-the-art fitness center, catering kitchen, lounge with a fireplace, Plasma TV and surround sound system. There is a 75 foot olympic pool and spa plus outdoor grilling and shaded cabanas.

Last Agent to Sell the Property

Reid Murphy

DEVELOPERS REALTY LBK, INC License #0613756 Listed on: 01/28/2021

Last Buyer's Agent

Shelbi Loftin

FINE PROPERTIES License #3421331

FINE PROPERTIES

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $32,308

Year Built

  • Built in 2007

Lot Details

  • 10.25

HOA Fees

  • $3,549 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Block Exterior
  • Pile Dwellings

Interior Spaces

  • 3,344 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Carpet

Kitchen

  • Convection Oven
  • Cooktop
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Balcony
  • West Facing Home

Listing and Financial Details

  • Assessor Parcel Number 8009701159

Community Details

Overview

  • Teal White Association, Phone Number (941) 383-5400
  • Positano Subdivision
  • Association Approval Required

Pet Policy

  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$32,308

Year Built

Built in 2007

Lot Details

0

HOA Fees

$3,549 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Property Description: Corner Unit, Elevated, End Unit, Mid Rise
  • Construction Materials: Block
  • Living Area: 3344.00
  • Homestead: Yes
  • Year Built: 2007
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4489970?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4489970?w=Customer
  • Directions to Property: Gulf of Mexico to 4000 block Positano on beach.
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046763
  • Status: Sold
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Room Count: 4
  • Living Area Units: Square Feet
  • Flooring: Carpet
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Elevator
  • Appliances Included: Convection Oven, Cooktop, Dishwasher, Disposal, Ice Maker
  • Foundation Details: Slab, Stilt/On Piling
  • Total Bedrooms: 3
  • Floor Number: 2
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 1
  • Living Area Meters: 310.67
  • Street Number Modifier: 4985

Exterior Features

  • Direction Faces: West
  • Pool Features: Heated, In Ground
  • Exterior Features: Balcony
  • Flood Zone Code: VE
  • Pool Private: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

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

Condo/Co-op/Association

  • S W Subdiv Community Name: Not Applicable
  • Monthly HOA Fees: 3548.67
  • Pet Size: Extra Large (101+ Lbs.)
  • Association Approval Required: Yes
  • Association Fee: 10646.00
  • Association Fee Frequency: Quarterly
  • Association Fee Requirement: Required
  • Association Name: Teal White
  • Phone: 941-383-5400
  • Association: Yes
  • Association Email: Positanolbk@gmail.com

Fee Information

  • Total Annual Fees: 42584.00
  • Total Monthly Fees: 3548.67

Lot Info

  • Total Acreage: Non-Applicable
  • Zoning: GF
  • Parcel Number: 8009701159

Rental Info

  • Minimum Lease: 3 Months
  • Additional Lease Restrictions: See Documents
  • Lease Restrictions: Yes
  • Pets Allowed: Size Limit

Multi Family

  • Approval Process: See Documents

Tax Info

  • Tax Annual Amount: 32308.16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2021
Closed on
Apr 9, 2021
Sold by
Dutton Molly C and Stephen E Dutton And Molly C Dutton Trus
Bought by
Mark Chassman Trust and Chassman
Seller's Agent
Reid Murphy
DEVELOPERS REALTY LBK, INC
Buyer's Agent
Shelbi Loftin
FINE PROPERTIES
List Price
$3,595,000
Sold Price
$3,495,000
Premium/Discount to List
-$100,000
-2.78%
Current Estimated Value
$4,748,815

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,253,815
Avg. Annual Appreciation
2.12%

Purchase Details

Closed on
Dec 29, 2020
Sold by
Dutton Stephen E and Dutton Molly C
Bought by
Dutton Stephen E and Dutton Molly C

Purchase Details

Closed on
Jan 25, 2007
Sold by
Positano Llc
Bought by
Dutton Stephen E and Dutton Molly C
Source: Public Records

Range of Values:

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Average Value
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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
Mark Chassman Trust $3,495,000 None Listed On Document
Dutton Stephen E -- Attorney
Dutton Stephen E $2,638,900 Attorney
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2021 04/09/21 Sold $3,495,000 -2.8% $1,045 / Sq Ft
02/17/2021 02/17/21 Pending -- -- --
01/28/2021 01/28/21 For Sale $3,595,000 -- $1,075 / 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
2025 $67,976 $3,935,500 -- $3,935,500
2024 $67,976 $4,445,500 -- $4,445,500
2023 $55,894 $3,527,500 $0 $3,527,500
2022 $52,759 $3,286,500 $0 $3,286,500
2021 $31,060 $1,952,119 $0 $0
2020 $32,308 $1,925,167 $0 $0
2019 $31,297 $1,881,884 $0 $0
2018 $31,216 $1,846,795 $0 $0
2017 $29,231 $1,808,810 $0 $0
2016 $29,288 $1,771,606 $0 $0
2015 $29,722 $1,759,291 $0 $0
2014 $29,722 $1,745,328 $0 $0
2013 $28,275 $1,694,493 $1 $1,694,492
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4489970

Stellar MLS

APN: 80097-0115-9