NOT LISTED FOR SALE

4985 Gulf of Mexico Dr Unit 404 Longboat Key, FL 34228

Estimated Value: $2,691,000 - $4,978,000

4 Beds
3.5 Baths
3,203 Sq Ft
$2,543/mo HOA Fee

Last Sold November 10, 2017

Last sale price $2,850,000 $890 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $26,552/month

291 Days on Market

Highlights

  • 750 Feet of Ocean or Gulf Waterfront
  • Water access To Gulf or Ocean
  • Heated In Ground Pool
  • Anna Maria Elementary School Rated A-
  • Fitness Center
  • Full Gulf or Ocean Views

About This Home

As of November 2017

Indulgent home on the beach where luxury has no limits! From the moment you arrive home to this exclusive enclave in the heart of Longboat Key enjoy sensational year-round sunsets, leisurely days in cabanas at the 75’ Olympic size pool & barbecues on your expansive wrap around terrace. With 3,203 sq. ft., this remarkable, Amalfi open floor makes effortless living and fine entertaining one in the same! Exquisite floor to ceiling windows & sliders creates walls of glass, revealing breathtaking panoramic views of 750’ of pristine Gulf of Mexico beach and the impeccable manicured grounds of Positano. Your Master suite provides an expansive walk-in closet, spa bath retreat with dual sinks, separate tub and walk-in shower. With two more en-suite bedrooms each with their own terrace there’s plenty of room for friends and family! The gourmet kitchen features top of the line appliances & gas range, over-sized kitchen island, pantry, Butler’s Pantry & dry bar and your home office features custom built-ins that lend a hand to the ease of luxury living. This home even boasts rare over-sized, private garage in the garage, private elevator & foyer and two pets are welcome! Enjoy first class amenities including 24-hour manned-guardhouse security, an on-site manager, club house community room with a catering kitchen and a separate fitness center. Come live the essence of luxury & leisure at Positano!

Last Agent to Sell the Property

Judy Kepecz-Hays

COLDWELL BANKER REALTY Brokerage Phone: 941-383-6411 License #0318608 Listed on: 01/04/2017

COLDWELL BANKER REALTY

Last Buyer's Agent

Charlotte Clark

MEDWAY REALTY License #3328746

MEDWAY REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $31,188

Year Built

  • Built in 2007

Lot Details

  • 750 Feet of Ocean or Gulf Waterfront
  • Northeast Facing Home
  • Child Gate Fence
  • Mature Landscaping

HOA Fees

  • $2,543 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Oversized Parking
  • Garage Door Opener
  • Secured Garage or Parking
  • Guest Parking

Home Design

  • Custom Home
  • Entry on the 2nd floor
  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,203 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Furnished
  • Built-In Features
  • Bar Fridge
  • Dry Bar
  • Cathedral Ceiling
  • Thermal Windows
  • Window Treatments
  • Sliding Doors
  • Entrance Foyer
  • Great Room
  • Family Room
  • Combination Dining and Living Room
  • Den
  • Storage Room
  • Inside Utility
  • Full Gulf or Ocean Views

Kitchen

  • Eat-In Kitchen
  • Built-In Double Convection Oven
  • Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Solid Surface Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

Pool

  • Heated In Ground Pool
  • Heated Spa

Outdoor Features

  • Water access To Gulf or Ocean
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Anna Maria Elementary School
  • College Park Middle School
  • Bayshore High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 404
  • Assessor Parcel Number 8009701209

Community Details

Overview

  • Association fees include cable TV, pool, escrow reserves fund, fidelity bond, insurance, internet, maintenance structure, ground maintenance, management, pest control, private road, recreational facilities, security, sewer, trash, water
  • Positano Condo Association
  • Positano A Condo Or2155/5446 Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to building or community restrictions

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$31,188

Year Built

Built in 2007

Lot Details

0

HOA Fees

$2,543 per month

Parking

2

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Private Road, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Custom
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 3203
  • New Construction: No
  • Year Built: 2007
  • Directions to Property: North on Gulf of Mexico Drive to 4985 Gulf of Mexico Drive Positano on west (past Publix), Community on left. Must stop at Guard Gate.
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: Builder
  • Available for Lease YN: 1
  • Floor Number: 2
  • List Office Head Office Key Nume: 1037306
  • Minimum Lease: 3 Months
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 889.79
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Property Description: Corner Unit,Mid Rise
  • Attribution Contact: 941-383-6411
  • Tax Year: 2016
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Built-in Features, Cathedral Ceiling(s), Dry Bar, Eat-in Kitchen, Elevator, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Bar Fridge, Built-In Oven, Convection Oven, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Spa Features: Heated
  • Spa Yn: Yes
  • Stories: 3
  • Window Features: Thermal Windows, Window Treatments
  • Street Number Modifier: 4985
  • ResoLivingAreaSource: Builder
  • Additional Rooms: Den/Library/Office,Family Room,Foyer,Great Room,Inside Utility,Storage Rooms
  • Living Area Meters: 297.57
  • Room Count: 8

Exterior Features

  • Direction Faces: Northeast
  • Other Structures: Storage
  • Pool Features: Child Safety Fence, Heated, In Ground
  • Exterior Features: Balcony, Sliding Doors, Storage
  • Roof: Other, Tile
  • Home Warranty: No
  • Pool Private: No
  • View: Water
  • Water Body Name: GULF OF MEXICO
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure
  • Water Access: Gulf/Ocean
  • Water Extras YN: 0
  • Water View: Gulf/Ocean - Full
  • Water View YN: 1
  • Waterfront Feet Total: 750
  • Flood Zone Date: 2014-03-17
  • Flood Zone Panel: 12081C0294E
  • Water Frontage Feet Gulf Ocean: 750

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Covered, Garage Door Opener, Guest, Oversized, Secured, Underground

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Fire Hydrant, Gas, Public, Street Lights
  • Cooling: Central Air, Zoned
  • Heating: Central, Natural Gas, Zoned
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Fitness Center, Gated, Pool, Special Community Restrictions, Waterfront Complex
  • Association Amenities: Fitness Center, Gated, Maintenance, Recreation Facilities, Security, Spa/Hot Tub
  • Association Fee Frequency: Quarterly
  • Association Name: Positano Condo Association
  • Association: Yes
  • Security: Fire Sprinkler System, Gated Community, Key Card Entry, Secured Garage / Parking, Smoke Detector(s)
  • Senior Community: No
  • Association Approval Required YN: 1
  • Pet Restrictions: Two large pets allowed.
  • Association Fee Requirement: Required
  • Building Name Number: 4
  • Condo Fees: 7629
  • Condo Land Included YN: 0
  • Max Pet Weight: 100
  • Montly Maint Amt Addition To HOA: 0
  • Monthly Condo Fee Amount: 2543
  • Pet Size: Large (61-100 Lbs.)

Fee Information

  • Total Annual Fees: 30516.00
  • Total Monthly Fees: 2543.00

Schools

  • Elementary School: Anna Maria Elementary
  • High School: Bayshore High
  • Middle Or Junior School: College Park Middle

Lot Info

  • Zoning: GF
  • Parcel Number: 8009701209
  • Additional Parcels: No
  • Fencing: Fenced
  • Lot Features: In County, Private
  • Flood Zone Code: VE
  • Homestead YN: 0
  • Zoning Compatible YN: 1

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Minimum three month lease twice per year.

Tax Info

  • Tax Annual Amount: 31188
  • Tax Lot: 404

Multi Family

  • Waterfront Features: Gulf/Ocean
  • Approval Process: Approval required

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2017
Closed on
Nov 10, 2017
Sold by
Mcardle Michael
Bought by
Rasmussen Henrick Sandvad and Rasmussen Britta
Seller's Agent
Judy Kepecz-Hays
COLDWELL BANKER REALTY
Buyer's Agent
Charlotte Clark
MEDWAY REALTY
List Price
$3,200,000
Sold Price
$2,850,000
Premium/Discount to List
-$350,000
-10.94%
Current Estimated Value
$3,882,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,032,405
Avg. Annual Appreciation
5.87%

Purchase Details

Closed on
Feb 28, 2007
Sold by
Positano Llc
Bought by
Mcardle Michael
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
Rasmussen Henrick Sandvad $2,850,000 Mti Title Ins Agency Inc
Mcardle Michael $2,500,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2018 08/17/18 Off Market $2,850,000 -- --
11/10/2017 11/10/17 Sold $2,850,000 -10.9% $890 / Sq Ft
10/23/2017 10/23/17 Pending -- -- --
01/04/2017 01/04/17 For Sale $3,200,000 -- $999 / 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 $39,888 $2,698,599 -- --
2024 $39,888 $2,622,545 -- --
2023 $39,718 $2,546,160 $0 $0
2022 $39,041 $2,472,000 $0 $0
2021 $38,201 $2,400,000 $0 $2,400,000
2020 $40,302 $2,400,000 $0 $2,400,000
2019 $40,611 $2,400,000 $0 $2,400,000
2018 $41,286 $2,400,000 $0 $0
2017 $33,660 $2,052,400 $0 $0
2016 $31,188 $1,845,000 $0 $0
2015 $29,141 $1,790,000 $0 $0
2014 $29,141 $1,672,606 $0 $0
2013 $27,097 $1,623,889 $1 $1,623,888
Source: Public Records

Agents Affiliated with this Home

  • Judy Kepecz-Hays

    Seller's Agent in 2017

    Judy Kepecz-Hays

    COLDWELL BANKER REALTY

    (941) 587-1700

    74 in this area

    167 Total Sales

    Judy Kepecz-Hays
    Section Image
  • Charlotte Clark

    Buyer's Agent in 2017

    Charlotte Clark

    MEDWAY REALTY

    (941) 375-2456

    85 Total Sales

    Charlotte Clark
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4173504

Stellar MLS

APN: 80097-0120-9

Florida Manatee County Longboat Key 34228

4985 Gulf of Mexico Dr Unit 404, Longboat Key, FL

This home is located at 4985 Gulf of Mexico Dr Unit 404, Longboat Key, FL 34228 since 04 January 2017 and is currently estimated at $3,882,405, approximately $1,212 per square foot. This property was built in 2007. 4985 Gulf of Mexico Dr Unit 404 is a home located in Manatee County with nearby schools including Anna Maria Elementary School, Martha B. King Middle School, and Bayshore High 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

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