Seller's Agent in 2022
Paula Mapp
MAPP REALTY & INVESTMENT CO
(941) 780-9662
1 in this area
64 Total Sales
506 Venice Ln Sarasota, FL 34242
Estimated Value: $4,367,093 - $4,876,000
5
Beds
4.5
Baths
6,336
Sq Ft
$728/Sq Ft
Est. Value
Highlights
- 80 Feet of Waterfront
- Water access To Gulf or Ocean
- Home Theater
- Phillippi Shores Elementary School Rated A
- Boat Lift
- Heated In Ground Pool
About This Home
As of April 2022BACK ON THE MARKET! Absolutely Stunning British West Indies style home, located on Siesta Key with the #1 voted Beach in the USA. Waterfront property on the Grand Canal for easy access to the Sarasota Bay. Large family home with over 6800 square foot that offers plenty of space to entertain family and friends. Entering into the home through the leaded glass doors there are soaring 25 foot ceilings with exposed beams highlighted by a stone gas fireplace with one of kind artisan design. Gourmet chef’s kitchen, open to the great room and breakfast area, presents top of the line appliances, stunning granite countertops, two toned cabinetry and a butler’s pantry with pass through. Large Dining room for large gatherings. Five bedrooms w/ensuite baths. Possible 6th bedroom or bunk room or fitness room. A built-in salt water aquarium is the centerpiece of the bar area, complete with built in wine refrigeration and ice maker. The master suite on the 2nd level overlooks the Grand Canal with private access to the terrace, an expansive master closet with custom built ins, and
master bath with a central walk in shower, Jacuzzi tub and double vanities. The 3rd floor hosts a private theater room. Paradise continues in the outdoor entertaining area with pool, waterfall and wooden bridge to the large deck with boat dock and Jet Ski lift. Electric screens enclose both terraces while entertaining at the elaborate outdoor kitchen. Home is being offered Turnkey Furnished. This home is paradise on Siesta Key.
Last Agent to Sell the Property
MAPP REALTY & INVESTMENT CO License #0692386 Listed on: 06/05/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $35,006
Year Built
- Built in 2008
Lot Details
- 0.25 Acre Lot
- 80 Feet of Waterfront
- Property fronts a saltwater canal
- West Facing Home
- Mature Landscaping
- Level Lot
- Irrigation
- Landscaped with Trees
- Land Lease expires 7/31/21
- Property is zoned RSF2
HOA Fees
- $17 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- Workshop in Garage
- Ground Level Parking
- Garage Door Opener
- Driveway
- Open Parking
Home Design
- Custom Home
- Turnkey
- Slab Foundation
- Metal Roof
- Concrete Siding
- Block Exterior
- Stucco
Interior Spaces
- 6,336 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Built-In Features
- Bar Fridge
- Crown Molding
- Tray Ceiling
- High Ceiling
- Ceiling Fan
- Decorative Fireplace
- Gas Fireplace
- Shades
- Blinds
- French Doors
- Family Room
- Living Room with Fireplace
- Home Theater
- Canal Views
Kitchen
- Eat-In Kitchen
- Range with Range Hood
- Microwave
- Ice Maker
- Dishwasher
- Wine Refrigerator
- Stone Countertops
- Solid Wood Cabinet
- Disposal
Flooring
- Wood
- Brick
- Carpet
- Travertine
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Home Security System
- Fire and Smoke Detector
Pool
- Heated In Ground Pool
- Heated Spa
- In Ground Spa
- Gunite Pool
- Saltwater Pool
- Fiber Optic Pool Lighting
- Pool Tile
- Auto Pool Cleaner
Outdoor Features
- Water access To Gulf or Ocean
- Access to Saltwater Canal
- Dock has access to water
- Seawall
- Boat Lift
- Dock made with Composite Material
- Balcony
- Covered Patio or Porch
- Outdoor Kitchen
- Exterior Lighting
- Outdoor Storage
- Outdoor Grill
- Rain Gutters
Location
- Flood Zone Lot
- Flood Insurance May Be Required
Schools
- Phillippi Shores Elementary School
- Brookside Middle School
- Sarasota High School
Utilities
- Humidity Control
- Zoned Heating and Cooling
- Thermostat
- Power Generator
- Natural Gas Connected
- Electric Water Heater
- Cable TV Available
Community Details
- Waterside East Membership Association
- Visit Association Website
- Siesta Manor Community
- Siestas Bayside Waterside East Subdivision
- The community has rules related to deed restrictions, vehicle restrictions
- Rental Restrictions
Listing and Financial Details
- Visit Down Payment Resource Website
- Tax Lot 6
- Assessor Parcel Number 0081030037
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 5, 2021
Closed on
Apr 5, 2022
Sold by
Mansfield John E
Bought by
506 Venice Land Trust
Seller's Agent
Paula Mapp
MAPP REALTY & INVESTMENT CO
Buyer's Agent
Jimmy Dean, Sr
MICHAEL SAUNDERS & COMPANY
List Price
$5,250,000
Sold Price
$4,880,000
Premium/Discount to List
-$370,000
-7.05%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$269,977
Avg. Annual Appreciation
-1.59%
Purchase Details
Listed on
May 10, 2018
Closed on
Aug 16, 2018
Sold by
Lee Gerard and Lee Family Residence Trust
Bought by
Mansfield John E
Seller's Agent
Suzy Kolaz
KELLER WILLIAMS ON THE WATER S
Buyer's Agent
Christian Panin
HOMESMART
List Price
$3,400,000
Sold Price
$3,300,000
Premium/Discount to List
-$100,000
-2.94%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.35%
Purchase Details
Closed on
Jun 8, 2009
Sold by
Paxton Donald W and Paxton Cynthia E
Bought by
Lee Gerard and Lee Family Residence Trust
Purchase Details
Closed on
Jun 30, 2005
Sold by
Borowski Edward R and Borowski Donna
Bought by
Paxton Donald W and Paxton Cynthia E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.5%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Dec 11, 2002
Sold by
Shoop Alan K and Shoop Mildred H
Bought by
Borowski Edward and Borowski Donna
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 10, 1993
Sold by
Segreti Albert Frank and Segreti Mary Lou
Bought by
Shoop Alan K and Shoop Mildred H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.45%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 506 Venice Land Trust | $4,880,000 | Srq Property Law Pllc | |
| Mansfield John E | $3,300,000 | Attorney | |
| Lee Gerard | $2,450,000 | Attorney | |
| Paxton Donald W | $1,250,000 | -- | |
| Borowski Edward | $750,000 | -- | |
| Shoop Alan K | $350,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Paxton Donald W | $1,000,000 | |
| Previous Owner | Borowski Edward | $600,000 | |
| Previous Owner | Shoop Alan K | $240,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/05/2022 04/05/22 | Sold | $4,880,000 | -7.0% | $770 / Sq Ft | |
| 02/07/2022 02/07/22 | Pending | -- | -- | -- | |
| 01/07/2022 01/07/22 | Price Changed | $5,250,000 | 0.0% | $829 / Sq Ft | |
| 01/07/2022 01/07/22 | For Sale | $5,250,000 | +7.1% | $829 / Sq Ft | |
| 11/10/2021 11/10/21 | Pending | -- | -- | -- | |
| 09/02/2021 09/02/21 | Price Changed | $4,900,000 | -5.8% | $773 / Sq Ft | |
| 06/05/2021 06/05/21 | For Sale | $5,200,000 | 0.0% | $821 / Sq Ft | |
| 07/28/2020 07/28/20 | Rented | $10,000 | -16.7% | -- | |
| 05/16/2019 05/16/19 | Price Changed | $12,000 | -20.0% | $2 / Sq Ft | |
| 04/26/2019 04/26/19 | For Rent | $15,000 | 0.0% | -- | |
| 08/17/2018 08/17/18 | Sold | $3,300,000 | -2.9% | $485 / Sq Ft | View Prior Sale |
| 07/03/2018 07/03/18 | Pending | -- | -- | -- | |
| 05/10/2018 05/10/18 | For Sale | $3,400,000 | -- | $500 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 | $49,049 | $4,199,800 | $1,150,400 | $3,049,400 |
| 2023 | $49,049 | $4,121,600 | $1,012,800 | $3,108,800 |
| 2022 | $40,132 | $3,545,100 | $978,000 | $2,567,100 |
| 2021 | $35,006 | $2,798,800 | $722,200 | $2,076,600 |
| 2020 | $33,576 | $2,623,100 | $579,300 | $2,043,800 |
| 2019 | $33,569 | $2,635,500 | $626,900 | $2,008,600 |
| 2018 | $27,010 | $2,105,000 | $613,300 | $1,491,700 |
| 2017 | $26,020 | $1,990,300 | $452,800 | $1,537,500 |
| 2016 | $27,887 | $2,091,300 | $440,300 | $1,651,000 |
| 2015 | $28,341 | $2,070,100 | $581,800 | $1,488,300 |
| 2014 | $27,151 | $1,796,300 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Paula Mapp
-
Jimmy Dean, Sr
Buyer's Agent in 2022
Jimmy Dean, Sr
Michael Saunders
(941) 544-8999
3 in this area
9 Total Sales
-
Suzy Kolaz
Seller's Agent in 2018
Suzy Kolaz
KELLER WILLIAMS ON THE WATER S
(941) 726-1153
19 in this area
41 Total Sales
-
Christian Panin
Buyer's Agent in 2018
Christian Panin
HOMESMART
(941) 201-1199
1 in this area
122 Total Sales
Map
Source: Stellar MLS
MLS Number: A4503179
APN: 0081-03-0037
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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