NOT LISTED FOR SALE

506 Treasure Boat Way Sarasota, FL 34242

Estimated Value: $1,583,000 - $1,973,000

3 Beds
2.5 Baths
1,930 Sq Ft
$896/Sq Ft Est. Value

Last Sold January 28, 2022

Last sale price $1,600,000 $829 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $10,930/month

9 Days on Market

Highlights

  • 85 Feet of Waterfront
  • Private Pool
  • Canal View
  • Phillippi Shores Elementary School Rated A
  • Custom Home
  • Deck

About This Home

As of January 2022

This beautiful canal front home which is centrally located on Siesta Key, was originally designed by the iconic Ruth Richmond. Featuring easy access to Siesta Key Village, the world-renowned Siesta Key Beach, and the ability to keep your boat in your own backyard, this is a tropical paradise you will not want to miss out on! Recent updates include- tile flooring, reconditioned terrazzo, a kitchen update with open concept kitchen and stainless steel appliances, updated bathrooms for the master and guest suite, pavered signature lanai area, not to mention a brand new sea wall cap! There is a separate guest suite which is perfect for visitors and features water views. There is also a large shaded patio area for enjoying the water views, and the landscaping has recently updated to make this property even more special. The .36 acre lot is an estate-sized setting with choice southern exposure for lots of sun! You’ll want to see this property- schedule your private showing today!

Last Agent to Sell the Property

Drew Russell

MICHAEL SAUNDERS & COMPANY License #3108183 Listed on: 01/04/2022

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Bruce Rush

RE/MAX ALLIANCE GROUP License #3401881

RE/MAX ALLIANCE GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,508

Year Built

  • Built in 1971

Lot Details

  • 0.36 Acre Lot
  • 85 Feet of Waterfront
  • Property fronts a saltwater canal
  • North Facing Home
  • Mature Landscaping
  • Irrigation
  • Property is zoned RSF2

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway
  • Open Parking

Property Views

  • Canal
  • Pool

Home Design

  • Custom Home
  • Florida Architecture
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,930 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • French Doors
  • Sliding Doors
  • Living Room with Fireplace
  • Combination Dining and Living Room

Kitchen

  • Eat-In Kitchen
  • Convection Oven
  • Cooktop
  • Recirculated Exhaust Fan
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Tile
  • Terrazzo

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Private Pool
  • Access to Freshwater Canal
  • Seawall
  • Deck
  • Patio

Location

  • Flood Insurance May Be Required

Schools

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

Utilities

  • Central Heating and Cooling System
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Harmony Sub Community
  • Harmony Sub Subdivision
  • Rental Restrictions

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,508

Year Built

Built in 1971

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom, Florida
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 1930
  • Lot Size Acres: 0.36
  • New Construction: No
  • Year Built: 1971
  • Building Area Total: 3312
  • Lot Size Sq Ft: 15768
  • Directions to Property: From Higel Avenue, go east on Treasure Boat Way to home on the left.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4521319?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4521319?w=Customer
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 1.06667
  • Price per Sq Ft: 829.02
  • Close to Original List Price Ratio: 1.06667
  • Ratio: Current Price\Building Area Total: 483.09
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Living Room, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Terrazzo, Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Solid Surface Counters, Walk-In Closet(s)
  • Appliances Included: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: No
  • Stories: 1
  • Window Features: Window Treatments
  • Street Number Modifier: 506
  • Room Count: 7

Exterior Features

  • Direction Faces: North
  • Exterior Features: French Doors, Irrigation System, Sliding Doors
  • Roof: Shingle
  • Pool Private: Yes
  • View: Pool, Water
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Patio
  • Road Surface Type: Paved
  • Water View: Canal
  • Water Access: Canal - Freshwater
  • Water Extras: Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 85
  • Water Frontage Feet Canal Salt: 85
  • Disclosures: Lead Paint, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Electricity Connected, Public
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Schools

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

Lot Info

  • Zoning: RSF2
  • Parcel Number: 0081050004
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required, In County
  • Flood Zone Code: AE

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Minimum Lease: 1 Month
  • Lease Restrictions Y N: Yes
  • Month To Month Or Weekly Y N: Yes
  • Additional Lease Restrictions: See Sarasota County Leasing restrictions

Tax Info

  • Tax Annual Amount: 8508
  • Tax Block: J
  • Tax Book Number: 7-43
  • Tax Lot: 2

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2022
Closed on
Jan 28, 2022
Sold by
Allison Benjamin C
Bought by
Fountain Joint Declaration Of Trust
Seller's Agent
Drew Russell
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Bruce Rush
RE/MAX ALLIANCE GROUP
List Price
$1,500,000
Sold Price
$1,600,000
Premium/Discount to List
$100,000
6.67%
Current Estimated Value
$1,730,023

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,023
Avg. Annual Appreciation
5.04%

Purchase Details

Closed on
Jul 13, 2007
Sold by
Suntrust Bank and Kosky Walter H
Bought by
Allison Benjamin C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 4, 2005
Sold by
Kosky Walter H
Bought by
Kosky Walter H and Walter H Kosky Revocable Trust

Purchase Details

Closed on
Mar 24, 2005
Sold by
Kosky Walter H
Bought by
Kosky Walter H and Walter H Kosky Revocable Trust
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
Fountain Joint Declaration Of Trust $1,600,000 William A Dooley Pa
Allison Benjamin C $600,000 Gulf Breeze Title Of Sarasot
Kosky Walter H -- --
Kosky Walter H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Allison Benjamin C $300,000
Previous Owner Allison Benjamin C $417,000
Previous Owner Allison Benjamin C $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2022 01/28/22 Sold $1,600,000 +6.7% $829 / Sq Ft
01/13/2022 01/13/22 Pending -- -- --
01/04/2022 01/04/22 For Sale $1,500,000 0.0% $777 / Sq Ft
03/03/2020 03/03/20 Rented $3,500 0.0% --
02/06/2020 02/06/20 Under Contract -- -- --
01/28/2020 01/28/20 For Rent $3,500 0.0% --
01/16/2020 01/16/20 Under Contract -- -- --
01/14/2020 01/14/20 For Rent $3,500 0.0% --
01/12/2020 01/12/20 Off Market $3,500 -- --
11/21/2019 11/21/19 Price Changed $3,500 -2.8% $2 / Sq Ft
10/30/2019 10/30/19 For Rent $3,600 0.0% --
10/21/2019 10/21/19 Under Contract -- -- --
10/09/2019 10/09/19 Price Changed $3,600 -2.7% $2 / Sq Ft
09/11/2019 09/11/19 For Rent $3,700 -- --
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 $18,040 $1,649,450 -- --
2023 $18,040 $1,499,500 $1,048,600 $450,900
2022 $12,670 $1,252,100 $936,800 $315,300
2021 $9,487 $754,100 $651,700 $102,400
2020 $8,508 $636,500 $532,500 $104,000
2019 $8,484 $639,700 $466,500 $173,200
2018 $9,209 $706,600 $533,300 $173,300
2017 $8,850 $625,525 $0 $0
2016 $8,343 $627,500 $425,600 $201,900
2015 $7,935 $589,600 $436,200 $153,400
2014 $7,111 $422,048 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Drew Russell

    Seller's Agent in 2022

    Drew Russell

    Michael Saunders

    (941) 841-1523

    16 in this area

    179 Total Sales

    Section Image
  • Bruce Rush

    Buyer's Agent in 2022

    Bruce Rush

    RE/MAX

    (941) 780-9763

    6 in this area

    111 Total Sales

    Section Image

  • C

    Seller's Agent in 2020

    Colbey Mason

    RYNTAL

    (941) 343-4526

    18 Total Sales

    Section Image
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Map

Source: Stellar MLS

MLS Number: A4521319

Stellar MLS

APN: 0081-05-0004

Florida Sarasota County Sarasota 34242

506 Treasure Boat Way, Sarasota, FL

This home is located at 506 Treasure Boat Way, Sarasota, FL 34242 since 04 January 2022 and is currently estimated at $1,730,023, approximately $896 per square foot. This property was built in 1971. 506 Treasure Boat Way is a home located in Sarasota County with nearby schools including Phillippi Shores Elementary School, Brookside Middle School, and Sarasota High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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