NOT LISTED FOR SALE

501 Beach Rd Unit B Sarasota, FL 34242

Estimated Value: $3,323,000 - $3,884,935

3 Beds
3.5 Baths
3,512 Sq Ft
$625/mo HOA Fee

Last Sold December 24, 2020

Last sale price $2,450,000 $698 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $22,141/month

19 Days on Market

Highlights

  • Beach View
  • Water Access
  • Deck
  • Phillippi Shores Elementary School Rated A
  • Public Beach
  • Contemporary Architecture

About This Home

As of December 2020

Now available. One of the best locations on the famous Siesta Key Beach, directly across from public Beach Access #9. This location gives the new owner a secluded, unimpeded view and beach access just steps from the property. In addition, the property also gives the convenience of the Siesta Key Village restaurants and shops just a few blocks away. Designed by Yehuda Inbar, a leader in Sarasota architecture, this modern 3,512 square foot townhome has been meticulously maintained with everything you need for a full-time or part time residence. This townhome extends over 4 floors with a private elevator and features floor to ceiling windows and high ceilings creating light, airy interior spaces with an island tranquility. The second level features a stunning modern chef’s kitchen with deluxe appliances, solid counter tops, custom cabinets, and breakfast area. Other notable features include a central vacuum system, whole home water filtration system with UV light purification, two drink refrigerators, and wine fridge. The living areas on two of the levels provide ample of space for all your social gatherings. Located on the third level is a guest bedroom and master bedroom retreat that can be your personal escape with a luxurious en-suite bath with separate his-and-hers sinks, spa tub, and walk-in closets. The fourth level has a second master bedroom suite with a family room featuring a sleek wet bar with a secondary bar fridge. Four levels of beautiful views, including a rooftop deck that allows visuals of Siesta Beach, Point of Rocks, Lido Key, and downtown Sarasota. The property is secure and private, with its own swimming pool jacuzzi and lush tropical gardens, including 7 different species of Palm trees. Capture your piece of paradise in this fabulous Siesta Key townhome where you can soon be enjoying notable coastal comforts.

Last Agent to Sell the Property

Stacy Hanan

MICHAEL SAUNDERS & COMPANY License #3121519 Listed on: 10/20/2020

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Sabrina Hurt

FINE PROPERTIES License #3422793

FINE PROPERTIES

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $23,122

Year Built

  • Built in 2009

Lot Details

  • Public Beach
  • End Unit
  • West Facing Home
  • Mature Landscaping

HOA Fees

  • $625 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Guest Parking
  • Open Parking

Property Views

  • Beach
  • Full Gulf or Ocean
  • Partial Bay or Harbor

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Concrete Roof
  • Block Exterior
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 3,512 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Doors

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Range
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Solid Surface Countertops

Flooring

  • Bamboo
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Balcony
  • Deck
  • Covered Patio or Porch

Location

  • Flood Zone Lot
  • Property is near public transit

Schools

  • Phillippi Shores Elementary School
  • Brookside Middle School
  • Sarasota High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, insurance, ground maintenance, water
  • Island Townhomes Of Siesta Key Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$23,122

Year Built

Built in 2009

Lot Details

0

HOA Fees

$625 per month

Parking

2

Listing Details

  • HOA Fee Includes: Community Pool, Insurance, Maintenance Grounds, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 3512
  • New Construction: No
  • Year Built: 2009
  • Building Area Total: 5531
  • Directions to Property: From Siesta Key go north on Beach Road. Townhome is located on the corner of Plaza de las Palmas and Beach Road located across from beach access #9.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4481389?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4481389?w=Customer
  • Floor Number: 1
  • Homestead Y N: No
  • Unit Number Y N: No
  • Subdivision Num: 8547
  • Property Description: Corner Unit
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.92488
  • Price per Sq Ft: 697.61
  • Close to Original List Price Ratio: 0.92488
  • Ratio: Current Price\Building Area Total: 442.96
  • View: No
  • Ownership: Condominium
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Bamboo, Other, Tile
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Central Vaccum, Eating Space In Kitchen, Elevator, High Ceiling(s), Solid Surface Counters, Split Bedroom, Walk-In Closet(s), Wet Bar, Window Treatments
  • Appliances Included: Built-In Oven, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab, Stilt/On Piling
  • Total Bedrooms: 3
  • Levels: Three Or More
  • Stories: 3
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 501
  • Room Count: 6

Exterior Features

  • Direction Faces: West
  • Exterior Features: Balcony, Sliding Doors
  • Roof: Concrete
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Water View: Beach, Gulf/Ocean - Full, Gulf/Ocean - Partial
  • Water Access: Beach - Public
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12514412115C0143F

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Guest
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: Public
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Pool
  • Association: No
  • Senior Community: No
  • Condo Fees: 625
  • Condo Fees Term: Monthly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 625
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 7500
  • Total Monthly Fees: 625

Schools

  • Elementary School: Phillippi Shores Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0082128102
  • Additional Parcels: No
  • Lot Features: FloodZone, In County, Near Public Transit, Sidewalk
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-10-04

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Minimum Lease: 1 Month
  • Approval Process: Please see Association Documents
  • Num Timesper Year: 1
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Please see Association Documents

Tax Info

  • Tax Annual Amount: 23122
  • Tax Book Number: 42-13
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2020
Closed on
Dec 23, 2020
Sold by
Schillin Ross A
Bought by
Bartez Charles K
Seller's Agent
Stacy Hanan
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Sabrina Hurt
FINE PROPERTIES
List Price
$2,649,000
Sold Price
$2,450,000
Premium/Discount to List
-$199,000
-7.51%
Current Estimated Value
$3,557,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,107,484
Avg. Annual Appreciation
8.13%
Original Mortgage
$1,732,150
Outstanding Balance
$1,544,880
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$2,012,604

Purchase Details

Listed on
Jan 27, 2017
Closed on
Sep 22, 2017
Sold by
Lynch Daniel M
Bought by
Schilling Ross A
Seller's Agent
Rudy Dudon
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Stacy Hanan
MICHAEL SAUNDERS & COMPANY
List Price
$2,599,000
Sold Price
$2,250,000
Premium/Discount to List
-$349,000
-13.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.65%

Purchase Details

Closed on
Jan 31, 2011
Sold by
Drown David
Bought by
Lynch Daniel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
4.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2010
Sold by
505 Beach Road Llc
Bought by
Lynch Daniel M and Drown David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
5.01%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Bartez Charles K $2,450,000 Attorney
Schilling Ross A $2,250,000 Attorney
Lynch Daniel M $925,000 Attorney
Lynch Daniel M $1,850,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bartez Charles K $1,732,150
Previous Owner Lynch Daniel M $1,250,000
Previous Owner Lynch Daniel M $1,250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/24/2020 12/24/20 Sold $2,450,000 -7.5% $698 / Sq Ft
11/08/2020 11/08/20 Pending -- -- --
10/20/2020 10/20/20 For Sale $2,649,000 +17.7% $754 / Sq Ft
08/17/2018 08/17/18 Off Market $2,250,000 -- --
09/22/2017 09/22/17 Sold $2,250,000 -13.4% $605 / Sq Ft View Prior Sale
08/25/2017 08/25/17 Pending -- -- --
01/27/2017 01/27/17 For Sale $2,599,000 -- $699 / 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 $30,968 $2,507,604 -- --
2023 $30,968 $2,913,500 $0 $2,913,500
2022 $27,847 $2,550,600 $0 $2,550,600
2021 $23,512 $1,884,000 $0 $1,884,000
2020 $23,426 $1,836,000 $0 $1,836,000
2019 $23,122 $1,820,800 $0 $1,820,800
2018 $22,478 $1,766,200 $0 $1,766,200
2017 $24,651 $1,907,000 $0 $1,907,000
2016 $24,477 $1,855,600 $0 $1,855,600
2015 $23,690 $1,747,000 $0 $1,747,000
2014 $22,543 $1,484,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4481389

Stellar MLS

APN: 0082-12-8102