$8,500,000
$3M PRICE DROP

501 Harbor Point Rd Longboat Key, FL 34228

Estimated payment $48,889/month

Total Views 23,027
5 Beds
5.5 Baths
6,125 Sq Ft
$1,388 Price per Sq Ft

Highlights

  • 100 Feet of Salt Water Canal Waterfront
  • Access To Intracoastal Waterway
  • Boat Lift
  • Southside Elementary School Rated A
  • Deeded Boat Dock
  • Home Theater

About This Home

Rare opportunity to acquire completely remodeled waterfront residence (Finished in 2023) on Sarasota’s most prestigious barrier island of Longboat Key, in the coveted Harbors enclave of Bay Isles. Orchestrating exceptional style, comfort, and barefoot elegance, this five-bedroom home stirs the senses. Completely redesigned by renowned architect Clifford Scholz, construction was completed in October 2023 after two years. This home is filled with top of the line finishes that merge with a thoughtful floorplan and an endless list of custom touches. Set on a dreamy corner lot with basin frontage that leads straight into Sarasota Bay, the outdoor experience was perfected by award-winning landscape architect Michael A. Gilkey. Upon entering the foyer, your eyes are immediately drawn to the oil rubbed, hand scrapped wood floors and extensive woodwork throughout the entire home. The formal living room, anchored by a custom wormy butternut bar, coffered ceilings with hidden air vents and speakers and a wealth of french doors, which leads directly to the outdoor living room, protected by retractable screens and shutters. Enter the chef’s kitchen complete with Viking and Subzero appliances, Italian soapstone countertops, custom Campbell cabinetry, Miele built-in coffee station and ice maker in the beverage center, and two concealed Cove dishwashers. Rounding out the kitchen is the butler’s pantry with additional refrigerator, laundry, and custom cabinetry for storage of all your entertaining essentials. Enjoy morning coffee in the connected family room with gas fireplace and built-in bookshelves and cabinets. Conveniently located steps away is the large outdoor kitchen with grill, power burner, smoker, and custom dining table for twelve. Large media room contains custom leather theater seating and wet bar. Under the staircase is the climate controlled 506-bottle wine cellar with old-world marble floor. The breathtaking dining room includes custom built furniture imported from Italy, Juliet balcony, and wet bar. Two bedrooms finish out the first floor, one complete with custom built-in office. The pool bath has floating wood counters made from antique wooden boat slabs imported from France, mother of pearl shower wall tiles, and Waterstone fixtures. The primary suite is serene and spacious and opens to its own private terrace. Winding down every day becomes a cherished ritual in the primary bath which boasts large copper tub and Waterstone fixtures throughout, imported crema tile in zero clearance wet room that contains rain head, two handhelds, marble bench, and electronic privacy glass. The large ensuite closet is fully custom with mahogany wood slab island. A second-level primary bedroom offers an ensuite bath and its own private terrace. There is an efficiency bedroom, complete with ensuite bath with tub, and kitchenette with full-size fridge. The back yard pampers with a resort-like experience with pool with sun shelf, spa, custom firepit, outdoor shower and dog wash, and pet turf. The HOA maintains the seawall. The boat lift, jetski lift, and corresponding pilings are new, along with new Azek PVC decking material. Other notable items: 36,000 KW Kohler generator which powers the entire residence, Lutron smart home system, laundry room on each level of the home, three-car garage, and hidden retractable electronic Lutron shades throughout.

Listing Agent

Rich Polese

COMPASS FLORIDA LLC Brokerage Phone: 941-279-3630 License #3386761 Listed on: 10/03/2024

COMPASS FLORIDA LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $42,054

Year Built

  • Built in 1989

Lot Details

  • 0.56 Acre Lot
  • 100 Feet of Salt Water Canal Waterfront
  • Property fronts a saltwater canal
  • Southwest Facing Home
  • Dog Run
  • Mature Landscaping
  • Private Lot
  • Corner Lot
  • Irrigation Equipment
  • Property is zoned PD

HOA Fees

Parking

  • 3 Car Attached Garage
  • Rear-Facing Garage
  • Side Facing Garage
  • Garage Door Opener
  • Circular Driveway
  • Guest Parking

Property Views

  • Full Bay or Harbor
  • Canal

Home Design

  • Bi-Level Home
  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 6,125 Sq Ft Home
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Bar Fridge
  • Dry Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • French Doors
  • Family Room with Fireplace
  • Great Room
  • Family Room Off Kitchen
  • Separate Formal Living Room
  • Formal Dining Room
  • Home Theater
  • Den
  • Storage Room
  • Inside Utility
  • Smart Home

Kitchen

  • Eat-In Kitchen
  • Walk-In Pantry
  • Range with Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Viking Appliances
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • In-Law or Guest Suite
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Saltwater Pool
  • Outdoor Shower
  • Outside Bathroom Access
  • Pool Lighting

Outdoor Features

  • Access To Intracoastal Waterway
  • Access to Bay or Harbor
  • Deeded access to the beach
  • Access to Saltwater Canal
  • Seawall
  • Boat Lift
  • Deeded Boat Dock
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Outdoor Kitchen
  • Exterior Lighting
  • Outdoor Storage
  • Outdoor Grill
  • Rain Gutters

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Underground Utilities
  • Natural Gas Connected
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Association fees include private road, security
  • $153 Other Monthly Fees
  • Manager Association
  • Bay Isles Association
  • Bay Isles Community
  • Bay Isles Subdivision
  • The community has rules related to deed restrictions

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$42,054

Year Built

Built in 1989

Lot Details

0

HOA Fees

$496 per month

Parking

3

Listing Details

  • HOA Fee Includes: Other, Private Road, Security
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 6125
  • Lot Size Acres: 0.56
  • New Construction: No
  • Year Built: 1989
  • Building Area Total: 8422
  • Lot Size Sq Ft: 24201
  • Directions to Property: Take Gulf of Mexico Drive to the south gate of Bay Isles. After going through guard gate, make right on Harbor Sound Drive, then drive to Harbor Point Rd. Home is on the left corner.
  • Status: Active
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 169647934
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 1387.76
  • Total Acreage: 1/2 to less than 1
  • Unit Number YN: 0
  • Water Access YN: 1
  • Other Fees Amount: 1832
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Slip Deeded On-Site
  • MFR_DockYN: 1
  • Attribution Contact: 941-279-3630
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Family Room
  • Living Area Units: Square Feet
  • Flooring: Marble, Wood
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Interior Amenities: Built-in Features, Cathedral Ceiling(s), Ceiling Fans(s), Dry Bar, Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Smart Home, Solid Wood Cabinets, Split Bedroom, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar, Window Treatments
  • Appliances Included: Bar Fridge, Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 5
  • Levels: Two
  • Other Equipment: Irrigation Equipment
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Street Number Modifier: 501
  • Additional Rooms: Den/Library/Office,Family Room,Formal Dining Room Separate,Formal Living Room Separate,Great Room,Inside Utility,Interior In-Law Suite w/No Private Entry,Media Room,Storage Rooms
  • Living Area Meters: 569.03
  • Room Count: 11

Exterior Features

  • Direction Faces: Southwest
  • Other Structures: Outdoor Kitchen, Storage
  • Pool Features: Heated, In Ground, Lighting, Other, Outside Bath Access, Salt Water
  • Exterior Features: Balcony, Dog Run, French Doors, Lighting, Outdoor Grill, Outdoor Kitchen, Outdoor Shower, Rain Gutters, Sidewalk, Storage
  • Roof: Tile
  • Home Warranty: No
  • Pool Private: Yes
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch, Screened
  • Road Surface Type: Asphalt
  • Water Access: Bay/Harbor,Beach - Access Deeded,Canal - Saltwater,Intracoastal Waterway
  • Water Extras: Lift,Sailboat Water,Seawall - Concrete
  • Water Extras YN: 1
  • Water Frontage Feet Canal Salt: 100
  • Water View: Bay/Harbor - Partial,Canal
  • Water View YN: 1
  • Waterfront Feet Total: 100
  • Flood Zone Date: 1983-08-15
  • Flood Zone Panel: 1251260010B

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Garage Door Opener, Garage Faces Rear, Garage Faces Side, Guest

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Underground Utilities, Water Connected
  • Cooling: Central Air, Zoned
  • Heating: Central, Zoned
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Deed Restrictions
  • Association Fee: 2200
  • Association Fee Frequency: Annually
  • Association Name: Manager
  • Association: Yes
  • Senior Community: No
  • Association #2 Fee: 3753
  • Association #2 Fee Frequency: Annually
  • Association: Bay Isles
  • Association 2 YN: 1
  • Association Approval Required YN: 0
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 7785.00
  • Total Monthly Fees: 648.75
  • Other Fees Term: Annual
  • Monthly HOA Amount: 183.33

Lot Info

  • Zoning: PD
  • Parcel Number: 0009030002
  • Additional Parcels: No
  • Lot Features: Corner Lot, Private
  • Flood Zone Code: A13
  • Homestead YN: 0
  • Lot Size Square Meters: 2248

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: contact Town of Longboat Key

Tax Info

  • Tax Annual Amount: 42054
  • Tax Book Number: 23-35
  • Tax Lot: 40

Multi Family

  • Waterfront Features: Canal - Saltwater

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $43,807 $4,926,300 $1,622,500 $3,303,800
2023 $43,807 $3,802,000 $1,471,100 $2,330,900
2022 $39,856 $3,378,100 $1,414,300 $1,963,800
2021 $34,270 $2,468,200 $950,800 $1,517,400
2020 $30,229 $2,129,600 $728,800 $1,400,800
2019 $30,722 $2,178,900 $772,900 $1,406,000
2018 $34,001 $2,404,900 $923,000 $1,481,900
2017 $35,752 $2,492,800 $923,000 $1,569,800
2016 $44,361 $3,205,100 $856,300 $2,348,800
2015 $42,244 $3,019,500 $921,800 $2,097,700
2014 $37,571 $2,150,100 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 Price Changed $8,500,000 -14.1% $1,388 / Sq Ft
02/21/2025 02/21/25 Price Changed $9,900,000 -5.7% $1,616 / Sq Ft
11/18/2024 11/18/24 Price Changed $10,500,000 -8.7% $1,714 / Sq Ft
10/03/2024 10/03/24 For Sale $11,500,000 +325.9% $1,878 / Sq Ft
02/18/2020 02/18/20 Sold $2,700,000 -9.2% $441 / Sq Ft
01/25/2020 01/25/20 Pending -- -- --
01/02/2020 01/02/20 Price Changed $2,975,000 -5.6% $486 / Sq Ft
06/17/2019 06/17/19 For Sale $3,150,000 -- $514 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,700,000 Alliance Group Title Llc
Interfamily Deed Transfer $288,700 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $978,400 New Conventional
Open $1,620,000 New Conventional
Previous Owner $860,000 Credit Line Revolving
Source: Public Records

Source: Stellar MLS

MLS Number: A4625287

Stellar MLS

APN: 0009-03-0002