NOT LISTED FOR SALE

5231 Avenida Navarra Sarasota, FL 34242

Estimated Value: $1,512,000 - $2,878,000

2 Beds
4 Baths
2,007 Sq Ft
$1,095/Sq Ft Est. Value

Last Sold May 15, 2015

Last sale price $800,000 $399 Per Sq Ft

Est. 175% increase in value since last sale

Current estimated payment $13,186/month

254 Days on Market

Highlights

  • Deck
  • Key West Architecture
  • No HOA
  • Phillippi Shores Elementary School Rated A
  • Furnished
  • Mature Landscaping

About This Home

As of May 2015

ATTENTION INVESTORS, COMMERCIAL BUSINESS OWNERS & OWNER/OPERATORS: Own and operate a 4 unit vacation rental complex in the heart of the Village on famous Siesta Key. This is a turnkey business opportunity with established brand identity and fully operational rental company. Siesta Pearl is rated 5 stars by Travel Advisor, has automated booking with historical data, an established web presence and a proven track record of increasing income and returning visitors from all over the world. Zoned commercial & grandfathered residential this intriguing complex has myriad possibilities. Only 90 seconds from either the beach or the fantastic shops and restaurants in the Village Siesta Pearl’s location is incomparable. The 4 vacation suites all turnkey furnished in whimsical Key West style are named for Palms – Fan, Queen, Pygmy and Royal. Each has its own private patio and kitchen. The Royal even has its own wood burning fireplace. An outdoor shower, plenty of guest parking, utility shed, laundry facilities and a common patio and outdoor grill complete this fantastic turnkey business package on the #1 beach in the USA!

Last Buyer's Agent

Denise Mei

MICHAEL SAUNDERS & COMPANY License #3253049

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,960

Year Built

  • Built in 1952

Lot Details

  • 5,793 Sq Ft Lot
  • Mature Landscaping
  • Landscaped with Trees

Parking

  • Guest Parking

Home Design

  • Quadruplex
  • Key West Architecture
  • Membrane Roofing
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,007 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Wood Burning Fireplace
  • Blinds
  • French Doors
  • Fire and Smoke Detector

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Deck
  • Patio
  • Shed
  • Outdoor Grill
  • Porch

Utilities

  • Cooling System Mounted To A Wall/Window
  • Electric Water Heater

Listing and Financial Details

  • Security Deposit $200
  • Legal Lot and Block 32 / 11
  • Assessor Parcel Number 0080170061

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Siesta Community
  • Mira Mar Beach Subdivision

Additional Features

  • Laundry Facilities
  • Gross Income $79,462

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,960

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Architectural Style: Key West
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 2007
  • Lot Size Acres: 0.13
  • New Construction: No
  • Year Built: 1952
  • Lot Size Sq Ft: 5793
  • Directions to Property: FROM US 41 GO WEST ON SIESTA DR, LEFT ON HIGEL AVE., STRAIGHT THRU LIGHT THEN RIGHT ON OCEAN BLVD., INTO SIESTA VILLAGE, AFTER VILLAGE TURN RIGHT ON BEACH RD., FIRST RIGHT ON AVENIDA NAVARRA.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • List Office Head Office Key Nume: 1046728
  • RATIO Current Price By Calculate: 398.60
  • Total Acreage: Up to 10,889 Sq. Ft.
  • Water Access YN: 0
  • Tax Year: 2014
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Other
  • Full Bathrooms: 4
  • Interior Amenities: Ceiling Fans(s), Window Treatments
  • Appliances Included: Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Total Bedrooms: 2
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 5231
  • ResoLivingAreaSource: PublicRecords
  • Room Count: 1

Exterior Features

  • Other Structures: Shed(s)
  • Exterior Features: French Doors, Outdoor Grill, Outdoor Shower
  • Roof: Membrane, Other
  • Home Warranty: No
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Deck, Patio, Porch
  • Disclosures: Lead Paint
  • Water Extras YN: 0
  • Water View YN: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Guest, None

Utilities

  • Utilities: Electricity Connected
  • Cooling: Wall/Window Unit(s)
  • Heating: Other

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Association Amenities: Laundry
  • Association: No
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association Fee Requirement: None

Lot Info

  • Zoning: CG
  • Parcel Number: 0080170061
  • Additional Parcels: No
  • Lot Features: In County
  • Lot Dimensions: 5792
  • Flood Zone Code: AE
  • Future Land Use: 0840

Rental Info

  • Furnished: Furnished
  • Security Deposit: 200

Multi Family

  • Gross Income: 79462
  • Number Of Units Total: 4
  • Total Num Buildings: 1
  • Unit Count: 6

Tax Info

  • Tax Annual Amount: 8960
  • Tax Block: 11
  • Tax Book Number: 02/130
  • Tax Lot: 32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2016
Bought by
Siesta Key Resort Ix Llc
Current Estimated Value
$2,196,989

Purchase Details

Closed on
Nov 5, 2015
Sold by
Brown David B and Brown Robin
Bought by
Siesta Key Village Tropical Breeze Resor

Purchase Details

Listed on
Jun 6, 2014
Closed on
May 7, 2015
Sold by
Mab Enterprises Llc
Bought by
Brown David B and Brown Robin
Buyer's Agent
Denise Mei
MICHAEL SAUNDERS & COMPANY
List Price
$945,000
Sold Price
$800,000
Premium/Discount to List
-$145,000
-15.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.14%

Purchase Details

Closed on
Jan 9, 2008
Sold by
Starostecki Andrew P and Starostecki Carol Jean
Bought by
Mab Enterprises Llc

Purchase Details

Closed on
Jul 24, 2000
Sold by
Hazen William J
Bought by
Starostecki Andrew P and Starostecki Carol Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,625
Interest Rate
8.3%

Purchase Details

Closed on
Mar 26, 1999
Sold by
Hazen William J and Hazen Joan M
Bought by
Hazen William J

Purchase Details

Closed on
Oct 13, 1994
Sold by
Olivas Michael and Fisher Dana
Bought by
Hazen William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,900
Interest Rate
8.46%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Siesta Key Resort Ix Llc $100 --
Siesta Key Village Tropical Breeze Resor $875,000 Attorney
Brown David B $800,000 Attorney
Mab Enterprises Llc $750,000 Attorney
Starostecki Andrew P $427,500 --
Hazen William J -- --
Hazen William J $149,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Starostecki Andrew P $320,625
Previous Owner Hazen William J $119,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2018 08/17/18 Off Market $800,000 -- --
05/15/2015 05/15/15 Sold $800,000 -9.0% $399 / Sq Ft
02/16/2015 02/16/15 Pending -- -- --
09/26/2014 09/26/14 Price Changed $879,000 -7.0% $438 / Sq Ft
06/06/2014 06/06/14 For Sale $945,000 -- $471 / 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 $19,963 $1,127,623 -- --
2023 $19,963 $1,588,500 $1,300,100 $288,400
2022 $18,301 $1,417,600 $1,141,700 $275,900
2021 $12,672 $847,200 $659,000 $188,200
2020 $12,585 $803,200 $622,400 $180,800
2019 $13,085 $866,400 $663,600 $202,800
2018 $12,431 $834,500 $663,600 $170,900
2017 $11,505 $682,300 $506,100 $176,200
2016 $11,546 $695,600 $513,800 $181,800
2015 $10,064 $579,800 $383,100 $196,700
2014 -- $479,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Denise Mei

    Buyer's Agent in 2015

    Denise Mei

    Michael Saunders

    (941) 685-3198

    27 in this area

    52 Total Sales

    Denise Mei
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A3999461

Stellar MLS

APN: 0080-17-0061

Florida Sarasota County Sarasota 34242

5231 Avenida Navarra, Sarasota, FL

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

Nearby Homes