NOT LISTED FOR SALE

501 Harbor Gate Way Longboat Key, FL 34228

Estimated Value: $2,282,000 - $2,812,000

3 Beds
3.5 Baths
3,662 Sq Ft
$705/Sq Ft Est. Value

Last Sold August 24, 2022

Last sale price $2,775,000 $758 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $16,194/month

22 Days on Market

Highlights

  • 120 Feet of Waterfront
  • Private Beach
  • Deeded access to the beach
  • Southside Elementary School Rated A
  • Boat Lift
  • In Ground Pool

About This Home

As of August 2022

Discover next-level grandeur, serenity and privacy in this 3BR plus den/office, 3,662+/- sq.-ft. canal-front residence in the highly coveted Harbor section of Bay Isles, an exclusive single-family community of just 67 waterfront homesites. From the meticulous landscaping and paver drive leading the way to your glass double door entry and beyond, each aspect of this sprawling residence beams with a focus on quality, elegance and spaciousness for comfortable family living and entertaining. The great room plan allows for ease of gatherings, with a cozy fireplace, soaring ceilings with recessed lighting, streaming natural light through transom windows and a wall of pocket sliders to the pool area. Separated from the great room by a fully equipped bar, is the kitchen, which is joined by the family room and has a double gas range, granite counters, tile backsplash, and rich wood tones in the cabinetry, architectural columns and accents in the tray ceiling. The split design puts the oversized master suite on the main level on the opposite side of the home, making it a stunning retreat with views of the water through large windows plus a master bath with dual vanities, spa tub, Roman shower and walk-in closets. Outdoor soirees are exceptional by the expansive saltwater pool with spa and plenty of shade for those sultry afternoons. Nautical pursuits are a must from the 120’ seawall, which is maintained by the association and boasts vessel-cut dockage with boatlift for a smaller boat plus dock space for the yacht – all on tranquil, protected water frequented by manatees and other wildlife. Behind two gates in the Longboat Key Club for added security, the Harbor section is located on the convenient southern end of the key near all the shopping and dining venues of St. Armands Circle. Residents also enjoy all the benefits of Bay Isles just across the street, with miles of walking paths and membership to the private Bay Isles Beach Club.

Last Agent to Sell the Property

Bruce Myer

COLDWELL BANKER REALTY License #0342109 Listed on: 06/20/2022

COLDWELL BANKER REALTY

Last Buyer's Agent

Robert Ruiz

WILLIAM RAVEIS REAL ESTATE License #3011084

WILLIAM RAVEIS REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,382

Year Built

  • Built in 1989

Lot Details

  • 0.41 Acre Lot
  • 120 Feet of Waterfront
  • Property fronts a saltwater canal
  • Private Beach
  • Northeast Facing Home
  • Mature Landscaping
  • Irrigation
  • Landscaped with Trees
  • Property is zoned PD

HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • Full Bay or Harbor
  • Canal
  • Garden

Home Design

  • Custom Home
  • Stem Wall Foundation
  • Tile Roof
  • Concrete Roof
  • Stucco

Interior Spaces

  • 3,662 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Shades
  • Blinds
  • Sliding Doors
  • Family Room Off Kitchen
  • Formal Dining Room

Kitchen

  • Built-In Oven
  • Cooktop
  • Recirculated Exhaust Fan
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry in unit
  • Dryer

Pool

  • In Ground Pool
  • Gunite Pool
  • Saltwater Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Deeded access to the beach
  • Property is near a marina
  • Access to Saltwater Canal
  • Dock has access to water
  • Boat Lift
  • Dock made with Composite Material
  • Balcony
  • Covered Patio or Porch

Location

  • Property is near a golf course

Schools

  • Southside Elementary School
  • Booker Middle School
  • Riverview High School

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-hour guard, private road
  • Ken Kandefer Association, Phone Number (941) 921-3221
  • Visit Association Website
  • Bay Isles Master Association
  • Bay Isles Community
  • Bay Isles Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,382

Year Built

Built in 1989

Lot Details

0

HOA Fees

$375 per month

Parking

2

Listing Details

  • HOA Fee Includes: 24-Hour Guard, Private Road
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom
  • Construction Materials: Stucco
  • Fireplace: Yes
  • Living Area: 3662
  • Lot Size Acres: 0.41
  • New Construction: No
  • Year Built: 1989
  • Building Area Total: 4728
  • Lot Size Sq Ft: 17969
  • Directions to Property: From south end of Longboat Key, north on Gulf of Mexico Drive, turn right onto Harbourside Drive through the South Bay Isles gate and then immediate right onto Harbor Sound Drive through the gate and then the first left onto Harbor Gate Way.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4538781?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4538781?w=Customer
  • Homestead Y N: Yes
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Subdivision Num: 1912
  • Call Center Phone Number: 800-746-9464
  • Ratio: Close Price\List Price: 0.92654
  • Price per Sq Ft: 757.78
  • Close to Original List Price Ratio: 0.92654
  • Ratio: Current Price\Building Area Total: 586.93
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Gas
  • Living Area Units: Square Feet
  • Flooring: Tile, Vinyl
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Built in Features, Cathedral Ceiling(s), Ceiling Fans(s), High Ceiling(s), Kitchen/Family Room Combo, Master Bedroom Main Floor, Solid Wood Cabinets, Stone Counters, Wet Bar, Window Treatments
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Refrigerator
  • Foundation Details: Stem Wall
  • Total Bedrooms: 3
  • Levels: Two
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 2
  • Window Features: Blinds, Shades
  • Street Number Modifier: 501
  • Room Count: 8
  • Additional Rooms: Formal Dining Room Separate
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Northeast
  • Pool Features: Gunite, In Ground, Salt Water
  • Exterior Features: Balcony, Irrigation System, Sliding Doors
  • Roof: Concrete, Tile
  • Pool Private: Yes
  • View: Garden, Water
  • Water Body Name: Sarasota Bay
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Rear Porch, Screened
  • Road Surface Type: Paved
  • Water View: Bay/Harbor - Partial, Canal
  • Water Access: Beach - Access Deeded, Beach - Private, Canal - Saltwater
  • Water Extras: Dock - Composite, Dock w/Electric, Dock w/Water Supply, Lift
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 120
  • Water Frontage Feet Canal Salt: 120
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Public Remarks Required: One or more photo(s) has been virtually staged.
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Gated Community, Waterfront
  • Association Amenities: Gated
  • Association Fee: 2700
  • Association Fee Frequency: Annually
  • Association Name: Ken Kandefer
  • Phone: 941-921-3221
  • Association: Yes
  • Security: Gated Community
  • Senior Community: No
  • Association Website: https://www.kfkcpa.com/
  • Association Email: Ken@kfkcpa.com
  • Complex Community Name NCCB: BAY ISLES
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes
  • Association #2 Fee: 1804.77
  • Association #2 Fee Frequency: Annually
  • Association: Bay Isles Master Association

Fee Information

  • Total Annual Fees: 2700
  • Monthly HOA Fee: 225
  • Total Monthly Fees: 225

Schools

  • Elementary School: Southside Elementary
  • High School: Riverview High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: PD
  • Parcel Number: 0008150001
  • Additional Parcels: No
  • Lot Features: In County, Near Golf Course, Near Marina
  • Flood Zone Code: AE
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Pet Size: Extra Large (101+ Lbs.)
  • Minimum Lease: 1-2 Years
  • Approval Process: Application and fee
  • Num Timesper Year: 1
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Application and fee

Tax Info

  • Tax Annual Amount: 16382.37
  • Tax Book Number: 23-35
  • Tax Lot: 1

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 4, 2025
Sold by
Colon Kevin B and Colon Cheryl
Bought by
Colon Family Trust and Colon
Current Estimated Value
$2,581,694

Purchase Details

Listed on
Jun 20, 2022
Closed on
Aug 24, 2022
Sold by
Taylor Michael D and Taylor Mary E
Bought by
Colon Kevin B and Colon Cheryl
Seller's Agent
Bruce Myer
COLDWELL BANKER REALTY
Buyer's Agent
Robert Ruiz
WILLIAM RAVEIS REAL ESTATE
List Price
$2,995,000
Sold Price
$2,775,000
Premium/Discount to List
-$220,000
-7.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.29%
Original Mortgage
$2,775,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2017
Sold by
Bairkelin Richard E and Bairkelin Janice A
Bought by
Taylor Mixchael D and Taylor Mary E

Purchase Details

Closed on
Jul 11, 2001
Sold by
Falter Richard L and Falter Dorothy E
Bought by
Baierlein Richard E and Baierlein Janice A

Purchase Details

Closed on
Jul 9, 1999
Sold by
Wheeler Harold W and Wheeler Joan M
Bought by
Falter Richard L and Falter Dorothy E
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
Colon Family Trust $100 None Listed On Document
Colon Kevin B $2,775,000 Berlin Patten Ebling Pllc
Taylor Mixchael D $1,595,000 Attorney
Baierlein Richard E $1,325,000 --
Falter Richard L $975,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Colon Kevin B $2,775,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2022 08/24/22 Sold $2,775,000 -7.3% $758 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
06/20/2022 06/20/22 For Sale $2,995,000 -- $818 / 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 $24,919 $1,981,364 -- --
2023 $24,919 $1,923,654 $0 $0
2022 $16,111 $1,234,504 $0 $0
2021 $16,382 $1,198,548 $0 $0
2020 $16,510 $1,182,000 $592,100 $589,900
2019 $16,394 $1,146,500 $668,600 $477,900
2018 $18,166 $1,268,800 $796,800 $472,000
2017 $19,205 $1,325,600 $796,800 $528,800
2016 $25,457 $1,797,000 $1,041,600 $755,400
2015 $23,226 $1,587,600 $930,000 $657,600
2014 $21,152 $1,246,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4538781

Stellar MLS

APN: 0008-15-0001