NOT LISTED FOR SALE

511 Harbor Gate Way Longboat Key, FL 34228

Estimated Value: $2,269,000 - $2,752,000

3 Beds
3.5 Baths
3,304 Sq Ft
$742/Sq Ft Est. Value

Last Sold December 13, 2023

Last sale price $2,795,000 $846 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $15,646/month

52 Days on Market

Highlights

  • Beach Access
  • Boat Lift
  • Full Bay or Harbor Views
  • Southside Elementary School Rated A
  • In Ground Pool
  • Property is near public transit

About This Home

As of December 2023

A nautical haven awaits with this impressive 3BR/3.5BA residence in the Harbor, one of the finest single-family communities on Longboat Key with just 67 home sites. The spectacular setting begins at your approach, where an elegant paver drive is enveloped by lush landscaping and leads to the stately stepped entryway. As you pass the threshold, you’re greeted by diamond-style travertine floors, lofty ceilings and an expansive living space filled with natural light. The family room, complete with a gas fireplace, provides a cozy retreat for relaxation and gatherings. The beautifully redone kitchen makes an exceptional heart of the home, with rich, dark wood cabinetry to complement the white quartz countertops, stainless-steel appliances, large center island, subway tile backsplash and perfectly positioned windows to frame your tranquil canal views. A sumptuous escape, the primary suite boasts a fireplace, a sitting area, access to the terrace, oversized walk-in closet, and an opulent primary bath with spa tub, walk-in shower and separate water closet. This property is a boater's paradise, featuring 100' of association-maintained seawall frontage, a new Trex dock, boat lift and jet ski lifts, providing easy deepwater access to Sarasota Bay and the Gulf beyond. Additional highlights include a distinctive French-style roof, an oversized 4-car garage, an exercise room and a car enthusiast’s dream voluminous garage with room for multiple vehicles. The Harbor is set within prestigious Bay Isles and affords residents all the amenities and privileges of this world-class community including deeded beach access and membership in the private Bay Isles Beach Club

Last Agent to Sell the Property

Bruce Myer

COLDWELL BANKER REALTY Brokerage Phone: 941-383-6411 License #0342109 Listed on: 09/29/2023

COLDWELL BANKER REALTY

Last Buyer's Agent

Robert Delaney

MICHAEL SAUNDERS & COMPANY License #3533956

MICHAEL SAUNDERS & COMPANY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,049

Year Built

  • Built in 1981

Lot Details

  • 0.34 Acre Lot
  • Property fronts a saltwater canal
  • Southwest Facing Home
  • Private Lot
  • Property is zoned PD

HOA Fees

Parking

  • 4 Car Attached Garage
  • Circular Driveway

Property Views

  • Full Bay or Harbor
  • Canal
  • Garden
  • Pool

Home Design

  • Slab Foundation
  • Stem Wall Foundation
  • Membrane Roofing
  • Concrete Siding
  • Stucco

Interior Spaces

  • 3,304 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Sliding Doors

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop with Range Hood
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Marble
  • Terrazzo

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Gunite Pool

Outdoor Features

  • Beach Access
  • Sailboat Water Access
  • Property is near a marina
  • Access to Saltwater Canal
  • Dock has access to water
  • Seawall
  • Boat Lift
  • Screened Patio
  • Exterior Lighting
  • Rain Gutters
  • Rear Porch

Location

  • Property is near public transit
  • Property is near a golf course

Schools

  • Southside Elementary School
  • Pine View Middle School
  • Booker High School

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-Hour Guard, private road
  • Ken Kandefer Association, Phone Number (941) 921-3221
  • Visit Association Website
  • Bay Isles Association
  • Bay Isles Community
  • Bay Isles Subdivision
  • The community has rules related to deed restrictions

Security

  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,049

Year Built

Built in 1981

Lot Details

0

HOA Fees

$427 per month

Parking

4

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Private Road
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Construction Materials: Concrete, Stucco
  • Fireplace: Yes
  • Living Area: 3304
  • Lot Size Acres: 0.34
  • New Construction: No
  • Year Built: 1981
  • Building Area Total: 5698
  • Lot Size Sq Ft: 15000
  • Directions to Property: From south end of Longboat Key, north on Gulf of Mexico Drive, turn right at the South Bay Isles guard gate. After the guard gate make a immediate right through the 2nd electronic gate onto Harbor Sound Drive and then the first left onto Harbor Gate Way, Residence is on the left.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046393
  • Minimum Lease: 8-12 Months
  • RATIO Current Price By Calculate: 845.94
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 1
  • Attribution Contact: 941-383-6411
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Gas
  • Living Area Units: Square Feet
  • Flooring: Carpet, Laminate, Marble, Terrazzo
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab, Stem Wall
  • Total Bedrooms: 3
  • Levels: Two
  • Spa Yn: No
  • Stories: 2
  • Street Number Modifier: 511
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 306.95
  • Room Count: 7

Exterior Features

  • Direction Faces: Southwest
  • Pool Features: Gunite, In Ground
  • Exterior Features: Lighting, Rain Gutters, Sidewalk, Sliding Doors
  • Roof: Membrane
  • Pool Private: Yes
  • View: Garden, Pool, Water
  • Water Body Name: SARASOTA BAY
  • Waterfront: Yes
  • Patio and Porch Features: Rear Porch, Screened
  • Road Surface Type: Paved
  • Water Access: Beach,Canal - Saltwater
  • Water Extras: Dock w/Electric,Dock w/Water Supply,Lift,Sailboat Water,Seawall - Concrete
  • Water Extras YN: 1
  • Water View: Bay/Harbor - Partial,Canal
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 4
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Driveway, Oversized

Utilities

  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Gated Community - Guard, Water Access
  • Association Fee: 2700
  • Association Fee Frequency: Annually
  • Association Name: Ken Kandefer
  • Phone: 941-921-3221
  • Association: Yes
  • Senior Community: No
  • Association #2 Fee: 2426
  • Association #2 Fee Frequency: Annually
  • Association: BAY ISLES
  • Association 2 YN: 1
  • Association Approval Required YN: 1
  • Complex Community Name Nccb: THE HARBOR
  • Pet Restrictions: No weight limit. Dogs must be on a leash at all times when outside.
  • Association Fee Requirement: Required
  • Max Pet Weight: 99
  • Association Email: Ken@kfkcpa.com
  • Association URL: https://www.kfkcpa.com/

Fee Information

  • Total Annual Fees: 5126.00
  • Total Monthly Fees: 427.17
  • Monthly HOA Amount: 225.00

Schools

  • Elementary School: Southside Elementary
  • High School: Booker High
  • Middle Or Junior School: Pine View School

Lot Info

  • Zoning: PD
  • Parcel Number: 0008150002
  • Additional Parcels: No
  • Lot Features: In County, Near Golf Course, Near Marina, Near Public Transit, Paved, Private
  • Flood Zone Code: AE
  • Homestead YN: 1
  • Lot Size Square Meters: 1394

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Application and Fee

Tax Info

  • Tax Annual Amount: 23049.49
  • Tax Book Number: 23-35
  • Tax Lot: 2

Multi Family

  • Waterfront Features: Canal - Saltwater
  • Approval Process: Application and Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2023
Closed on
Dec 13, 2023
Sold by
Mcdonald Thomas E and Mcdonald Linda C
Bought by
Cormier Tracey Lynn
Seller's Agent
Bruce Myer
COLDWELL BANKER REALTY
Buyer's Agent
Robert Delaney
MICHAEL SAUNDERS & COMPANY
List Price
$4,249,500
Sold Price
$2,795,000
Premium/Discount to List
-$1,454,500
-34.23%
Views
29
Current Estimated Value
$2,453,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$341,885
Avg. Annual Appreciation
-6.95%

Purchase Details

Listed on
Jan 29, 2020
Closed on
Jul 29, 2020
Sold by
Rock Dereck and Rock Deborah Beverly
Bought by
Mcdonald Thomas E and Mcdonald Linda C
Seller's Agent
Bruce Myer
COLDWELL BANKER REALTY
Buyer's Agent
Rob Sartore
RE/MAX PALM
List Price
$1,399,000
Sold Price
$1,399,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.72%

Purchase Details

Listed on
Feb 21, 2012
Closed on
Aug 31, 2012
Sold by
Stifel Co Inc
Bought by
Rock Dereck and Rock Deborah Beverly
Buyer's Agent
Steve Prescott
BRIGHT REALTY
List Price
$1,165,000
Sold Price
$1,165,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.34%
Original Mortgage
$699,000
Interest Rate
2.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 21, 2012
Closed on
Aug 28, 2012
Sold by
Northern Trust Company
Bought by
Nicolaus Stifel
Buyer's Agent
Steve Prescott
BRIGHT REALTY
List Price
$1,165,000
Sold Price
$1,165,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$699,000
Interest Rate
2.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 29, 2007
Sold by
Roberts Timothy M
Bought by
Kane Daniel and Kane Stanley B

Purchase Details

Closed on
Sep 14, 2001
Sold by
Niedrich Fred
Bought by
Roberts Timothy M and Roberts Rebecca A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.98%

Purchase Details

Closed on
Mar 14, 2000
Sold by
Seitl Wayne F
Bought by
Niedrich Fred R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.3%
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
Cormier Tracey Lynn $2,795,000 None Listed On Document
Mcdonald Thomas E $1,399,000 Attorney
Rock Dereck $582,500 Horizon Title
Rock Dereck $582,500 Horizon Title
Nicolaus Stifel -- Attorney
Kane Daniel $50,000 None Available
Roberts Timothy M $1,575,000 --
Niedrich Fred R $800,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rock Dereck $699,000
Previous Owner Roberts Timothy M $1,100,000
Previous Owner Niedrich Fred R $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/13/2023 12/13/23 Sold $2,795,000 -6.8% $846 / Sq Ft
11/21/2023 11/21/23 Pending -- -- --
11/14/2023 11/14/23 Price Changed $2,999,000 -14.2% $908 / Sq Ft
10/25/2023 10/25/23 Price Changed $3,495,000 -12.5% $1,058 / Sq Ft
10/04/2023 10/04/23 Price Changed $3,995,000 -6.0% $1,209 / Sq Ft
09/29/2023 09/29/23 For Sale $4,249,500 +203.8% $1,286 / Sq Ft
07/29/2020 07/29/20 Sold $1,399,000 0.0% $423 / Sq Ft View Prior Sale
06/12/2020 06/12/20 Pending -- -- --
04/28/2020 04/28/20 For Sale $1,399,000 0.0% $423 / Sq Ft
03/16/2020 03/16/20 Off Market $1,399,000 -- --
03/12/2020 03/12/20 Price Changed $1,399,000 -3.5% $423 / Sq Ft
02/14/2020 02/14/20 For Sale $1,449,000 0.0% $439 / Sq Ft
02/05/2020 02/05/20 Pending -- -- --
01/28/2020 01/28/20 For Sale $1,449,000 +24.4% $439 / Sq Ft
08/31/2012 08/31/12 Sold $1,165,000 0.0% $411 / Sq Ft View Prior Sale
07/21/2012 07/21/12 Pending -- -- --
02/21/2012 02/21/12 For Sale $1,165,000 -- $411 / 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
2024 $25,930 $2,162,200 $1,600,000 $562,200
2023 $25,930 $2,006,000 $0 $0
2022 $23,049 $1,973,900 $1,442,000 $531,900
2021 $19,102 $1,356,500 $1,000,000 $356,500
2020 $14,451 $1,036,900 $690,000 $346,900
2019 $15,195 $1,098,900 $780,000 $318,900
2018 $17,361 $1,249,300 $900,000 $349,300
2017 $17,759 $1,262,200 $900,000 $362,200
2016 $21,707 $1,519,400 $1,000,000 $519,400
2015 $19,988 $1,369,400 $900,000 $469,400
2014 $17,961 $1,070,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4583545

Stellar MLS

APN: 0008-15-0002