NOT LISTED FOR SALE

503 Velasquez Dr Osprey, FL 34229

Laurel Area
4 Beds
3.5 Baths
2,862 Sq Ft
0.58 Acre Lot

Sale Details

Date Sold: March 24, 2022

Last sale price $2,650,000 $926 Per Sq Ft

33 Days on Market

Highlights

  • 220 Feet of Waterfront
  • White Water Ocean Views
  • Boat Lift
  • Laurel Nokomis School Rated A-
  • Access To Intracoastal Waterway
  • Heated In Ground Pool

About This Home

As of March 2022

ACCEPTING BACK UP OFFERS. Tucked away amongst lush landscaping, offering stunning, far-reaching views of the Intracoastal Waterway and sunsets over the exclusive barrier island of Casey Key, this hidden gem on Blackburn Bay is a boater's dream come true. Enjoy the Florida lifestyle to the fullest with private dock, boat lift, jet ski lifts and sandy beach area for launching paddle boards and kayaks. The pool and patio areas offer abundant space for entertaining while enjoying the excitement of sailboats and yachts passing by. Plenty of room for your toys as well in the oversized two car garage and additional detached garage with adjoining studio. This move in ready, single level home provides ample privacy and space for family and friends. Well sited with great elevation, the .58-acre property delivers seclusion and views that are sure to please. Located in the heart of Osprey, with easy access to downtown Sarasota, Venice, area beaches and interstate 75. Nearby Pine View School and ample choices for dining out combine to create a location with something to offer for all.

Last Agent to Sell the Property

Joe Prendiville

License #3389823 Listed on: 01/20/2022

Co-Listed By

Reid Murphy

DEVELOPERS REALTY LBK, INC License #0613756

Last Buyer's Agent

Michael Gray

COLDWELL BANKER REALTY License #3263481

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,622

Year Built

  • Built in 1979

Lot Details

  • 25,132 Sq Ft Lot
  • 220 Feet of Waterfront
  • Property fronts an intracoastal waterway
  • East Facing Home
  • Vinyl Fence
  • Mature Landscaping
  • Level Lot
  • Irrigation
  • Bamboo Trees
  • Property is zoned RSF1

HOA Fees

  • $7 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Ground Level Parking
  • Garage Door Opener
  • Guest Parking
  • Open Parking
  • Off-Street Parking

Home Design

  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,862 Sq Ft Home
  • 1-Story Property
  • White Water Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Cooktop
  • Dishwasher

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry in unit
  • Dryer

Pool

  • Heated In Ground Pool
  • Outdoor Shower
  • Pool Lighting

Outdoor Features

  • Access To Intracoastal Waterway
  • Access to Bay or Harbor
  • Dock has access to water
  • No Wake Zone
  • Rip-Rap
  • Boat Lift
  • Dock made with Composite Material
  • Screened Patio
  • Rain Gutters

Schools

  • Laurel Nokomis Elementary School
  • Sarasota Middle School
  • Venice Senior High School

Utilities

  • Zoned Heating and Cooling
  • Heating Available
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • Sorrento Shores Community
  • Sorrento Shores Rep Of 2 Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,622

Year Built

Built in 1979

Lot Details

0.58 Acres

HOA Fees

$7 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 2862
  • Lot Size Acres: 0.58
  • New Construction: No
  • Year Built: 1979
  • Building Area Total: 2862
  • Lot Size Sq Ft: 25132
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4522764?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4522764?w=Customer
  • Homestead Y N: No
  • Total Acreage: 1/2 to less than 1
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Ratio: Close Price\List Price: 0.9833
  • Price per Sq Ft: 925.93
  • Close to Original List Price Ratio: 0.82942
  • Ratio: Current Price\Building Area Total: 925.93
  • View: Yes
  • Co List Office Mls Id: 281502396
  • Co List Office Phone: 941-356-4130
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Laminate
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Eating Space In Kitchen, Master Bedroom Main Floor, Walk-In Closet(s)
  • Appliances Included: Cooktop, Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Stories: 1
  • Room Count: 3

Exterior Features

  • Direction Faces: East
  • Other Structures: Other
  • Pool Features: Heated, In Ground, Lighting
  • Exterior Features: Irrigation System, Outdoor Shower, Rain Gutters
  • Roof: Tile
  • Pool Private: Yes
  • View: Water
  • Water Body Name: Blackburn Bay/Intracoastal
  • Waterfront: Yes
  • Patio and Porch Features: Screened
  • Road Surface Type: Other
  • Water View: Bay/Harbor - Full
  • Water Access: Bay/Harbor, Intracoastal Waterway
  • Water Extras: Dock - Composite, Dock w/Electric, Dock w/Water Supply, Lift, No Wake Zone, Riprap
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12115C0236F
  • Waterfront Frontage: 220
  • Water Frontage Feet I C W: 110
  • Water Frontage Feet Bay Harbor: 110

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Ground Level, Guest, Off Street
  • Covered Parking Spaces: 3
  • Open Parking: Yes

Utilities

  • Utilities: Cable Available, Electricity Connected
  • Cooling: Central Air, Zoned
  • Heating: Electric
  • Laundry Features: Inside
  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 85
  • Association Fee Frequency: Annually
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association Fee Requirement: Optional
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 85
  • Monthly HOA Fee: 7.08
  • Total Monthly Fees: 7.08

Schools

  • Elementary School: Laurel Nokomis Elementary
  • High School: Venice Senior High
  • Middle Or Junior School: Sarasota Middle

Lot Info

  • Zoning: RSF1
  • Parcel Number: 0159080033
  • Additional Parcels: No
  • Fencing: Vinyl
  • Lot Features: Level
  • Property Attached Yn: No
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: 1 Week
  • Pet Restrictions: None
  • Lease Restrictions Y N: No
  • Additional Lease Restrictions: Sarasota county rules on leasing

Tax Info

  • Tax Annual Amount: 11622
  • Tax Block: E
  • Tax Book Number: 902-94
  • Tax Lot: 24

Multi Family

  • Waterfront Features: Intracoastal Waterway

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2022
Closed on
Mar 24, 2022
Sold by
Bought by
Seller's Agent
Joe Prendiville
Buyer's Agent
Michael Gray
COLDWELL BANKER REALTY
List Price
$3,195,000
Sold Price
$2,650,000
Premium/Discount to List
-$545,000
-17.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,120,000
Interest Rate
0.0369%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 14, 2021
Closed on
Aug 6, 2021
Sold by
Bought by
Seller's Agent
Randy Buff
COASTAL CONNECTION REALTY
Buyer's Agent
Joe Prendiville
List Price
$1,695,000
Sold Price
$1,500,000
Premium/Discount to List
-$195,000
-11.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
146.78%

Purchase Details

Listed on
May 20, 2017
Closed on
Jun 29, 2018
Sold by
Bought by
Seller's Agent
Terry Herschberger
KW COASTAL LIVING
Buyer's Agent
Jane Rees
COLDWELL BANKER SARASOTA CENT.
List Price
$1,497,000
Sold Price
$1,150,000
Premium/Discount to List
-$347,000
-23.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.92%
Original Mortgage
$975,775
Interest Rate
0.046%
Mortgage Type
VA

Purchase Details

Closed on
Oct 19, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
0.0525%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
0.0525%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2002
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,650,000 Barnes Walker Goethe Perron &
$1,500,000 Attorney
$1,150,000 Stewart Title Co
$980,000 Attorney
-- Attorney
$940,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,120,000
Previous Owner $975,775
Previous Owner $585,000
Previous Owner $736,036
Previous Owner $725,000
Previous Owner $320,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/24/2022 03/24/22 Sold $2,650,000 -8.5% $926 / Sq Ft
02/22/2022 02/22/22 Pending -- -- --
02/01/2022 02/01/22 Price Changed $2,895,000 -9.4% $1,012 / Sq Ft
01/20/2022 01/20/22 For Sale $3,195,000 +113.0% $1,116 / Sq Ft
08/06/2021 08/06/21 Sold $1,500,000 -11.5% $524 / Sq Ft View Prior Sale
07/15/2021 07/15/21 Pending -- -- --
05/14/2021 05/14/21 For Sale $1,695,000 +47.4% $592 / Sq Ft
06/29/2018 06/29/18 Sold $1,150,000 -11.2% $402 / Sq Ft View Prior Sale
04/27/2018 04/27/18 Pending -- -- --
02/05/2018 02/05/18 Price Changed $1,295,000 -7.2% $452 / Sq Ft
09/20/2017 09/20/17 Price Changed $1,395,000 -6.8% $487 / Sq Ft
07/18/2017 07/18/17 For Sale $1,497,000 +30.2% $523 / Sq Ft
07/02/2017 07/02/17 Off Market $1,150,000 -- --
05/20/2017 05/20/17 For Sale $1,497,000 -- $523 / Sq Ft
Source: Stellar MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $19,330 $1,590,500 $1,108,000 $482,500
2024 $22,933 $1,634,300 $1,119,900 $514,400
2023 $22,933 $1,937,200 $1,366,500 $570,700
2022 $16,907 $1,403,200 $825,800 $577,400
2021 $386 $938,796 $0 $0
2020 $370 $925,834 $0 $0
2019 $339 $905,019 $0 $0
2018 $11,622 $1,006,700 $773,300 $233,400
2017 $9,314 $709,700 $466,800 $242,900
2016 $10,337 $774,900 $515,400 $259,500
2015 $10,607 $775,000 $534,000 $241,000
2014 $11,682 $770,220 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4522764

Stellar MLS

APN: 0159-08-0033

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