NOT LISTED FOR SALE

509 Spring Ave Anna Maria, FL 34216

Estimated Value: $1,461,000 - $1,718,000

2 Beds
2.5 Baths
1,092 Sq Ft
$1,460/Sq Ft Est. Value

Last Sold July 22, 2024

Last sale price $1,695,525 $1,553 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $10,147/month

151 Days on Market

Highlights

  • Heated In Ground Pool
  • Open Floorplan
  • Wood Flooring
  • Anna Maria Elementary School Rated A-
  • Vaulted Ceiling
  • Garden View

About This Home

As of July 2024

Welcome to “ISLAND IN THE SUN” on beautiful Anna Maria Island. This property has been updated and offers a fantastic location on the north end of AMI. This turn-key furnished beach house offers 2 bedrooms/2 full bath / 1 half-bath & laundry room. The home sleeps 6 guest and solid rental history since 2021. The gross rental history from 2023 was over $122,000 with over 46K in bookings for 2024 already.
This property is easy to enjoy and own and has been completely renovated in 2021 meeting the most up to date hurricane codes including new roof, new siding, windows, and doors. As you enter this newly renovated beach house you are greeted by an open concept great room that is overlooked by a designer kitchen. The great room offers vaulted ceilings that are custom with beautiful wood plank paneling, engineered hardwood flooring, and large impact glass windows and sliders that allow for ample natural sunlight. The coastal designed kitchen features white and sea blue shaker-style cabinets with a creative mermaid scale tile backsplash, crown molding, and gourmet appliances including French door refrigerator, range hood and center island. This property offers two Owner's suites: one offers a frameless glass enclosure and the other offers a tub/shower combo. Both ensuite baths offer luxury tile, designer fixtures and elegant accents. "Island in the Sun" invites for relaxing moments any time of the day, enjoy the gulf breeze and the Florida sunshine from the home's charming front and back porches with slider entry from the great room or both bedroom suites. This home defines outdoor living with an always inviting lagoon style pool, outdoor grill, and plenty of landscaping providing private relaxation. There's plenty of space in the backyard for entertaining family and friends. Island in the Sun is located just one block south of Pine Ave and just a few flip flop steps away from the City Pier Bay Beach and the popular restaurant - The Waterfront. The City Pier Bay Beach offers narrow white sand beaches, amazing views of the newly constructed City Pier, the Skyway Bridge and the boats traveling back and forth in Anna Maria Sound. Schedule your private showing today to see all this home has to offer! Property information received from third-party sources is considered reliable but is not guaranteed. All information should be independently verified by buyers and buyer's agent.

Last Agent to Sell the Property

Elizabeth Blandford

SALTY MERMAID REAL ESTATE LLC Brokerage Phone: 941-224-3304 License #3059999 Listed on: 01/04/2024

Last Buyer's Agent

Janet Moore

PREMIER SOTHEBY'S INTL REALTY License #3375439

PREMIER SOTHEBY'S INTL REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,523

Year Built

  • Built in 1985

Lot Details

  • 7,482 Sq Ft Lot
  • Northeast Facing Home
  • Fenced
  • Landscaped with Trees
  • Property is zoned R2

Parking

  • 3 Carport Spaces

Property Views

  • Garden
  • Pool

Home Design

  • Elevated Home
  • Bi-Level Home
  • Turnkey
  • Wood Frame Construction
  • Metal Roof
  • HardiePlank Type
  • Pile Dwellings

Interior Spaces

  • 1,092 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • Vaulted Ceiling
  • Ceiling Fan
  • L-Shaped Dining Room
  • Storage Room
  • Inside Utility
  • High Impact Windows

Kitchen

  • Eat-In Kitchen
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Porch

Location

  • Flood Zone Lot
  • Flood Insurance May Be Required

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Anna Maria Beach Community
  • Anna Maria Beach Sub Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,523

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Elevated
  • Construction Materials: HardiPlank Type, Wood Frame
  • Fireplace: No
  • Living Area: 1092
  • Lot Size Acres: 0.17
  • New Construction: No
  • Year Built: 1985
  • Building Area Total: 2696
  • Lot Size Sq Ft: 7482
  • Directions to Property: I-75 to Manatee Ave West to beaches. Right on Gulf Drive to Spring Ave. On Spring Ave make right, house will be on the right.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 514681165
  • Minimum Lease: 1-7 Days
  • RATIO Current Price By Calculate: 1552.68
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • Property Description: Elevated
  • MFR_InLawSuiteYN: 0
  • MFR_DockYN: 0
  • Attribution Contact: 941-224-3304
  • Tax Year: 2023
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Hardwood
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Eat-in Kitchen, L Dining, Living Room/Dining Room Combo, Open Floorplan, Stone Counters, Vaulted Ceiling(s), Window Treatments
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 2
  • Levels: Two
  • Spa Yn: No
  • Window Features: Impact Glass/Storm Windows
  • Street Number Modifier: 509
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Inside Utility,Storage Rooms
  • Living Area Meters: 101.45
  • Room Count: 5

Exterior Features

  • Direction Faces: Northeast
  • Pool Features: Heated, In Ground
  • Exterior Features: Balcony, Outdoor Shower
  • Roof: Metal
  • Home Warranty: No
  • Pool Private: Yes
  • View: Garden, Pool
  • Waterfront: No
  • Patio and Porch Features: Porch
  • Road Surface Type: Asphalt
  • Disclosures: Seller Property Disclosure
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2014-03-17
  • Flood Zone Panel: 12081C0138E

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Covered

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Connected, Sewer Available, Water Available
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: R2
  • Parcel Number: 7000400056
  • Additional Parcels: No
  • Fencing: Fenced
  • Lot Features: Flood Insurance Required, FloodZone, City Limits, Landscaped, Paved
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 695
  • Zoning Compatible YN: 1

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Turnkey
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Per City approval
  • Month To Month Or Weekly YN: 1

Tax Info

  • Tax Annual Amount: 17523.2
  • Tax Block: 1
  • Tax Book Number: 1-211
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2024
Closed on
Jul 15, 2024
Sold by
Campbell Mica and Morris David
Bought by
Monagas Olga L and Monagas Alfredo E
Seller's Agent
Elizabeth Blandford
SALTY MERMAID REAL ESTATE LLC
Buyer's Agent
Janet Moore
PREMIER SOTHEBY'S INTL REALTY
List Price
$1,850,000
Sold Price
$1,695,525
Premium/Discount to List
-$154,475
-8.35%
Views
89
Current Estimated Value
$1,594,141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$101,384
Avg. Annual Appreciation
-5.50%
Original Mortgage
$695,525
Outstanding Balance
$687,655
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$906,486

Purchase Details

Listed on
Mar 29, 2019
Closed on
May 20, 2019
Sold by
Mullins Jerry O and Mullins Brenda L
Bought by
Campbell Mica and Morris David
Seller's Agent
Sherry Nazzaro Sasser
SATO REAL ESTATE INC.
Buyer's Agent
Elizabeth Blandford
SALTY MERMAID REAL ESTATE LLC
List Price
$699,000
Sold Price
$702,000
Premium/Discount to List
$3,000
0.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.56%
Original Mortgage
$484,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2010
Sold by
Mullins Jerry O and Mullins Brenda L
Bought by
Mullins Jerry O and Mullins Brenda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2008
Sold by
Mullins Jerry O and Mullins Brenda L
Bought by
Mullins Jerry O and Mullins Brenda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 2008
Sold by
Loudermilk Glen A and Loudermilk Janis K
Bought by
Mullins Jerry O and Mullins Brenda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 8, 2007
Sold by
Ramsey Marion L and Mccartney Marion L
Bought by
Loudermilk Glen A and Loudermilk Janis K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Monagas Olga L $1,695,600 Standard Title
Campbell Mica $702,000 Attorney
Mullins Jerry O -- None Available
Mullins Jerry O -- Attorney
Mullins Jerry O $450,000 Manatee Pinellas Title
Loudermilk Glen A $375,000 Barnes Walker Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Monagas Olga L $695,525
Previous Owner Campbell Mica $484,000
Previous Owner Mullins Jerry O $345,000
Previous Owner Mullins Jerry O $360,000
Previous Owner Loudermilk Glen A $281,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2024 07/22/24 Sold $1,695,525 -3.1% $1,553 / Sq Ft
06/04/2024 06/04/24 Pending -- -- --
02/07/2024 02/07/24 Price Changed $1,750,000 -5.4% $1,603 / Sq Ft
01/04/2024 01/04/24 For Sale $1,850,000 +163.5% $1,694 / Sq Ft
05/21/2019 05/21/19 Sold $702,000 +0.4% $643 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
03/29/2019 03/29/19 For Sale $699,000 -- $640 / 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
2025 $17,537 $1,339,824 $880,447 $459,377
2024 $17,537 $1,425,068 $880,447 $544,621
2023 $17,523 $1,432,103 $880,447 $551,656
2022 $11,605 $950,656 $534,220 $416,436
2021 $11,605 $718,060 $481,520 $236,540
2020 $10,376 $622,406 $438,900 $183,506
2019 $9,907 $597,326 $413,820 $183,506
2018 $9,455 $583,652 $413,820 $169,832
2017 $8,081 $563,522 $0 $0
2016 $8,081 $539,809 $0 $0
2015 $6,409 $484,993 $0 $0
2014 $6,409 $375,845 $0 $0
2013 $5,724 $326,822 $216,000 $110,822
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4594240

Stellar MLS

APN: 70004-0005-6