NOT LISTED FOR SALE

501 Gulf Dr N Unit 401 Bradenton Beach, FL 34217

Estimated Value: $459,746 - $508,000

2 Beds
2 Baths
1,000 Sq Ft
$777/mo HOA Fee

Last Sold October 05, 2022

Last sale price $550,000 $550 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $4,058/month

217 Days on Market

Highlights

  • 540 Feet of Waterfront
  • White Water Ocean Views
  • Penthouse
  • Anna Maria Elementary School Rated A-
  • Water access To Gulf or Ocean
  • Heated In Ground Pool

About This Home

As of October 2022

Beautiful top floor end unit beach condo. Enjoy panoramic water view from this lovely, renovated condo in Bridgeport! This is a rare opportunity for a turnkey furnished Bradenton Beach condo. You have Bay views in the back of the home and the beach is waiting for you just across the street. Enjoy the heated pool after a day of wiggling your toes in the sand. You can walk to historic Bridge Street via the connecting sidewalks to shop the shops and enjoy fabulous dinning. Or jump on the trolly and enjoy a day of adventure touring the Island. This condo is perfect vacation home or investment property. The kitchen has been updated with new cabinets & beautiful granite countertops, stainless appliances and a breakfast bar to sit enjoy a quick meal. The windows have been updated also and there is a lanai off the back of the home to enjoy the outdoors. And if the mere location is not enough; additional storage and covered parking along with a building elevator makes this condo so desirable! Don't miss out on this opportunity to live where others vacation!

Last Agent to Sell the Property

Kathy Cahill

KELLER WILLIAMS ON THE WATER License #3288864 Listed on: 01/25/2022

KELLER WILLIAMS ON THE WATER

Last Buyer's Agent

Adam Cuffaro

MICHAEL SAUNDERS & COMPANY License #3054744

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,074

Year Built

  • Built in 1982

Lot Details

  • 540 Feet of Waterfront
  • Property fronts an intracoastal waterway
  • Property Fronts a Bay or Harbor
  • End Unit
  • West Facing Home
  • Irrigation

HOA Fees

  • $777 Monthly HOA Fees

Property Views

  • White Water Ocean
  • Partial Bay or Harbor

Home Design

  • Penthouse
  • Contemporary Architecture
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,000 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • Furnished
  • Window Treatments
  • Sliding Doors
  • Combination Dining and Living Room
  • Ceramic Tile Flooring

Kitchen

  • Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Ice Maker
  • Dishwasher
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • 1 Carport Space
  • Ground Level Parking
  • Parking Garage Space

Outdoor Features

  • Heated In Ground Pool
  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Fishing Pier
  • Exterior Lighting
  • Outdoor Storage
  • Rear Porch

Schools

  • Anna Maria Elementary School
  • Martha B. King Middle School
  • Manatee High School

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, common area taxes, community pool, escrow reserves fund, insurance, internet, maintenance structure, ground maintenance, manager, pool maintenance, private road, sewer, trash, water
  • Mid-Rise Condominium
  • Bridgeport Condominium Community
  • Bridgeport Subdivision
  • The community has rules related to deed restrictions, allowable golf cart usage in the community
  • Rental Restrictions

Amenities

  • Elevator

Recreation

  • Fishing

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,074

Year Built

Built in 1982

Lot Details

0

HOA Fees

$777 per month

Listing Details

  • HOA Fee Includes: Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Manager, Pool Maintenance, Private Road, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1000
  • New Construction: No
  • Year Built: 1982
  • Building Area Total: 1128
  • Directions to Property: Cortez Rd West to Bradenton Beach, immediately after crossing Cortez Bridge turn right in to Bridgeport
  • Status: Sold
  • Street Post Direction: N
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4523305?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4523305?w=Customer
  • Floor Number: 4
  • Homestead Y N: No
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Property Description: Corner Unit, End Unit, Mid Rise, Penthouse
  • Ratio: Close Price\List Price: 0.94844
  • Price per Sq Ft: 550
  • Close to Original List Price Ratio: 1.03774
  • Ratio: Current Price\Building Area Total: 487.59
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Cooktop, Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 4
  • Street Number Modifier: 501
  • Room Count: 5
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Other Structures: Storage
  • Pool Features: Heated, In Ground
  • Exterior Features: Irrigation System, Lighting, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Rear Porch
  • Road Surface Type: Asphalt
  • Water View: Bay/Harbor - Full, Gulf/Ocean - Partial
  • Water Access: Bay/Harbor, Gulf/Ocean, Intracoastal Waterway
  • Water Extras: Fishing Pier
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12081C0279F
  • Waterfront Frontage: 540
  • Water Frontage Feet I C W: 20
  • Water Frontage Feet Bay Harbor: 20
  • Water Frontage Feet Gulf Ocean: 250
  • Water Frontage Feet Ocean 2 Bay: 250
  • Disclosures: Condominium Disclosure Available

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Ground Level, Under Building
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected
  • 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, Fishing, Golf Carts OK, Waterfront
  • Association: No
  • Senior Community: No
  • Condo Fees: 777
  • Management: Full Time
  • Condo Fees Term: Monthly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 777
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 9324
  • Total Monthly Fees: 777

Schools

  • Elementary School: Anna Maria Elementary
  • High School: Manatee High
  • Middle Or Junior School: Martha B. King Middle

Lot Info

  • Zoning: R3
  • Parcel Number: 7714901852
  • Additional Parcels: No
  • Flood Zone Code: VE
  • Flood Zone Date: 2021-08-10
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Minimum Lease: 1 Month
  • Approval Process: application to management company
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: monthly, approval required

Tax Info

  • Tax Annual Amount: 5074
  • Tax Book Number: 1024-637
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Bay/Harbor, Intracoastal Waterway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2022
Closed on
Sep 30, 2022
Sold by
Gibson Edward
Bought by
J & M Properties Llc
Seller's Agent
Kathy Cahill
KELLER WILLIAMS ON THE WATER
Buyer's Agent
Adam Cuffaro
MICHAEL SAUNDERS & COMPANY
List Price
$599,900
Sold Price
$550,000
Premium/Discount to List
-$49,900
-8.32%
Views
28
Current Estimated Value
$493,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$56,352
Avg. Annual Appreciation
-3.32%

Purchase Details

Listed on
Oct 22, 2020
Closed on
Oct 19, 2020
Sold by
Kovanes Zack and Kovanes Katina
Bought by
Gibson Edward
Seller's Agent
Edward Whitaker
PERLA'S PROPERTIES, LLC
Buyer's Agent
Edward Whitaker
PERLA'S PROPERTIES, LLC
Sold Price
$2,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.96%
Original Mortgage
$308,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
J & M Properties Llc $5,500 --
Gibson Edward $385,000 Bridge Trust Title Group
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gibson Edward $308,000
Previous Owner Kovanes Katina P $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2022 10/05/22 Sold $550,000 -5.2% $550 / Sq Ft
08/30/2022 08/30/22 Pending -- -- --
08/08/2022 08/08/22 Price Changed $579,900 -2.5% $580 / Sq Ft
07/02/2022 07/02/22 Price Changed $594,900 -0.8% $595 / Sq Ft
06/02/2022 06/02/22 Price Changed $599,900 0.0% $600 / Sq Ft
06/02/2022 06/02/22 For Sale $599,900 +9.1% $600 / Sq Ft
02/13/2022 02/13/22 Off Market $550,000 -- --
02/09/2022 02/09/22 Pending -- -- --
02/04/2022 02/04/22 Off Market $550,000 -- --
01/25/2022 01/25/22 For Sale $530,000 0.0% $530 / Sq Ft
08/01/2021 08/01/21 Rented $2,895 -9.4% --
07/03/2021 07/03/21 Under Contract -- -- --
06/23/2021 06/23/21 Price Changed $3,195 +10.4% $3 / Sq Ft
06/12/2021 06/12/21 Price Changed $2,895 +3.4% $3 / Sq Ft
06/12/2021 06/12/21 For Rent $2,800 +3.9% --
11/07/2020 11/07/20 Rented $2,695 0.0% --
10/30/2020 10/30/20 Under Contract -- -- --
10/22/2020 10/22/20 For Rent $2,695 0.0% --
10/20/2020 10/20/20 Sold $385,000 -3.7% $341 / Sq Ft
09/04/2020 09/04/20 Pending -- -- --
06/27/2020 06/27/20 Price Changed $399,990 -4.7% $355 / Sq Ft
06/04/2020 06/04/20 Price Changed $419,500 -2.3% $372 / Sq Ft
05/28/2020 05/28/20 Price Changed $429,500 +0.2% $381 / Sq Ft
05/28/2020 05/28/20 For Sale $428,599 -- $380 / 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 $6,941 $437,750 -- $437,750
2023 $7,202 $446,250 $0 $446,250
2022 $6,092 $414,750 $0 $414,750
2021 $5,074 $310,000 $0 $310,000
2020 $5,153 $300,000 $0 $300,000
2019 $5,364 $310,000 $0 $310,000
2018 $4,495 $292,803 $0 $0
2017 $4,155 $286,781 $0 $0
2016 $4,100 $280,882 $0 $0
2015 $4,627 $278,929 $0 $0
2014 $4,627 $278,930 $0 $0
2013 $4,424 $273,461 $1 $273,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4523305

Stellar MLS

APN: 77149-0185-2