NOT LISTED FOR SALE

519 Venice Ln Sarasota, FL 34242

Estimated Value: $1,800,000 - $3,818,297

3 Beds
3 Baths
2,656 Sq Ft
$1,192/Sq Ft Est. Value

Last Sold December 15, 2017

Last sale price $1,000,000 $377 Per Sq Ft

Est. 217% increase in value since last sale

Current estimated payment $18,894/month

141 Days on Market

Highlights

  • 98 Feet of Salt Water Canal Waterfront
  • Boat Slip Deeded
  • Oak Trees
  • Phillippi Shores Elementary School Rated A
  • Boat Lift
  • Heated In Ground Pool

About This Home

As of December 2017

Just reduced $100,000! The best of Siesta Key living and boating, this conveniently located home is perfect for an active lifestyle. A fabulous, tropical resort-like private waterfront yard is located on deep boating water, minutes to the bay and the Gulf of Mexico. Through the charming courtyard entry, you’ll discover the casual comfort that makes this home so appealing. The open living, dining and kitchen easily access the extensive outdoor deck, wonderful for entertaining or al fresco dining. The kitchen boasts wood cabinets, granite countertops and stainless steel Viking appliances. The large family room is anchored by a fireplace, featuring a mantel crafted from an antique Ringling mansion beam. Head out to the lush, oversized, tropically landscaped yard and into your own private resort. The expansive, heated saltwater pool and spa area is complete with custom travertine decking and leads to the Trex dock with a 10,000-pound boat lift. Boaters will savor this incredible waterfront location on Siesta Key - the bay is minutes away, and the canal is exceptionally wide and deep, easy to maneuver your choice of watercraft. Other features include a master suite with exceptional closet space/yoga room, split bedroom plan, two additional bedrooms/baths, laundry room, two outdoor showers, circular paver driveway, well and irrigation system and a two-car garage. On a cul-de-sac, close to Siesta Beach and the quaint shops and restaurants of Siesta Village. Only 15 minutes by car to downtown Sarasota.

Last Agent to Sell the Property

Judie Berger

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #0671663 Listed on: 06/06/2017

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Kristina Waskom

MICHAEL SAUNDERS & COMPANY License #3053404

MICHAEL SAUNDERS & COMPANY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,647

Year Built

  • Built in 1974

Lot Details

  • 0.43 Acre Lot
  • 98 Feet of Salt Water Canal Waterfront
  • Property fronts a saltwater canal
  • Street terminates at a dead end
  • Southeast Facing Home
  • Mature Landscaping
  • Oversized Lot
  • Irrigation
  • Oak Trees
  • Property is zoned RSF2

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage
  • Side Facing Garage
  • Circular Driveway

Property Views

  • Canal
  • Pool

Home Design

  • Custom Home
  • Ranch Style House
  • Slab Foundation
  • Tile Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,656 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • High Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Blinds
  • Sliding Doors
  • Entrance Foyer
  • Family Room with Fireplace
  • Great Room
  • Formal Dining Room
  • Inside Utility
  • Attic

Kitchen

  • Convection Oven
  • Indoor Grill
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Bamboo
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Fire and Smoke Detector

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Saltwater Pool
  • Spa
  • Outdoor Shower
  • Auto Pool Cleaner

Outdoor Features

  • Fixed Bridges
  • Access to Saltwater Canal
  • Seawall
  • Minimum Wake Zone
  • Boat Lift
  • Boat Slip Deeded
  • Dock made with Composite Material
  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Rain Gutters
  • Porch

Location

  • Flood Zone Lot
  • Property is near public transit

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Siesta Beach Community
  • Siesta Beach Subdivision

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 0079150015

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,647

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom, Ranch
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 2656
  • Lot Size Acres: 0.43
  • New Construction: No
  • Year Built: 1974
  • Building Area Total: 3213
  • Lot Size Sq Ft: 18767
  • Directions to Property: From 41 travel west over Siesta Drive bridge to Siesta Key. Follow Higel Ave to the traffic light, bear left to Midnight Pass Rd. Just over the humpback bridge, make right onto Commonwealth Dr, then right onto Venice Ln.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Appraiser
  • Available for Lease YN: 1
  • List Office Head Office Key Nume: 1037329
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 376.51
  • Total Acreage: 1/4 Acre to 21779 Sq. Ft.
  • Water Access YN: 1
  • Planned Unit Development Yn: 0
  • Tax Year: 2016
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Family Room, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Bamboo, Carpet, Ceramic Tile
  • Full Bathrooms: 3
  • Interior Amenities: Attic, Built-in Features, Ceiling Fans(s), High Ceilings, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Walk-In Closet(s), Window Treatments
  • Appliances Included: Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Indoor Grill, Microwave, Microwave Hood, Oven, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: Yes
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 519
  • ResoLivingAreaSource: Appraiser
  • Additional Rooms: Attic,Family Room,Formal Dining Room Separate,Foyer,Great Room,Inside Utility
  • Room Count: 8

Exterior Features

  • Direction Faces: Southeast
  • Pool Features: Auto Cleaner, Gunite, Heated, In Ground, Salt Water
  • Exterior Features: Sliding Doors, Balcony, Irrigation System, Lighting, Outdoor Shower, Rain Gutters
  • Roof: Built-Up, Tile
  • Home Warranty: No
  • Pool Private: Yes
  • View: Pool, Water
  • Water Body Name: GRAND CANAL
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Patio, Porch
  • Disclosures: Lead Paint, Seller Property Disclosure
  • Water Access: Canal - Saltwater
  • Water Extras: Bridges - Fixed,Dock - Composite,Dock - Slip Deeded On-Site,Lift,Minimum Wake Zone,Seawall - Concrete
  • Water Extras YN: 1
  • Water Frontage Feet Canal Salt: 98
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 98
  • Flood Zone Date: 2016-11-04T00:00:00.000
  • Additional Water Information: Wide Canal, Close to the Bay

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Driveway, Garage Faces Rear, Garage Faces Side

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Security: Security System Owned, Smoke Detector(s)
  • Senior Community: No
  • Association Approval Required YN: 0
  • Association Fee Requirement: None
  • Building Name Number: 519
  • SW Subdiv Condo Num: 3494

Schools

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

Lot Info

  • Zoning: RSF2
  • Parcel Number: 0079150015
  • Additional Parcels: No
  • Lot Features: FloodZone, In County, Near Public Transit, Oversized Lot, Street Dead-End, Paved
  • Flood Zone Code: AE
  • Homestead YN: 1

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Sarasota County rental rules: Minimum 30 days, 12 x per year

Tax Info

  • Tax Annual Amount: 7647
  • Tax Lot: 8

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2017
Closed on
Dec 15, 2017
Sold by
Cruley Kenneth J and Cruley Laurie
Bought by
Dragatisis James C and Dragatisis Stephanie N
Seller's Agent
Judie Berger
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Kristina Waskom
MICHAEL SAUNDERS & COMPANY
List Price
$1,199,000
Sold Price
$1,000,000
Premium/Discount to List
-$199,000
-16.6%
Current Estimated Value
$3,165,824

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,165,824
Avg. Annual Appreciation
15.81%
Original Mortgage
$700,000
Outstanding Balance
$595,760
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,570,064

Purchase Details

Closed on
Feb 10, 2009
Sold by
Wallace Donald T
Bought by
Cruley Kenneth J

Purchase Details

Closed on
Feb 19, 2008
Sold by
Wallace Donald T and Wallace Thomas E
Bought by
Wallace Donald T and Wallace Florence J

Purchase Details

Closed on
Jun 12, 2001
Sold by
Wallace Donald T and Wallace Florence J
Bought by
Wallace Donald T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,200
Interest Rate
7.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 1998
Sold by
Wallace Florence J and Wallace Donald T
Bought by
Wallace Donald T

Purchase Details

Closed on
Sep 5, 1997
Sold by
Meyer Edward F and Meyer Debra H
Bought by
Wallace Florence J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.43%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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List 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
Dragatisis James C $1,000,000 Attorney
Cruley Kenneth J $575,000 Alliance Group Title Llc
Wallace Donald T -- Attorney
Wallace Donald T -- --
Wallace Donald T -- --
Wallace Donald T -- --
Wallace Florence J $417,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dragatisis James C $700,000
Previous Owner Wallace Donald T $171,200
Previous Owner Wallace Florence J $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2018 08/17/18 Off Market $1,000,000 -- --
12/15/2017 12/15/17 Sold $1,000,000 -9.0% $377 / Sq Ft
10/26/2017 10/26/17 Pending -- -- --
10/10/2017 10/10/17 Price Changed $1,099,000 -8.3% $414 / Sq Ft
06/06/2017 06/06/17 For Sale $1,199,000 -- $451 / 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 $25,903 $2,243,572 -- --
2023 $25,903 $2,178,225 $0 $0
2022 $25,244 $2,107,640 $0 $0
2021 $25,312 $2,046,252 $0 $0
2020 $25,506 $2,018,000 $709,900 $1,308,100
2019 $8,361 $650,500 $628,400 $22,100
2018 $13,723 $1,058,300 $813,700 $244,600
2017 $7,670 $598,294 $0 $0
2016 $7,647 $972,400 $707,400 $265,000
2015 $7,794 $932,500 $807,000 $125,500
2014 $7,767 $568,766 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4187886

Stellar MLS

APN: 0079-15-0015