NOT LISTED FOR SALE

535 Sanctuary Dr Unit B805 Longboat Key, FL 34228

Estimated Value: $2,700,000 - $3,043,000

2 Beds
3 Baths
2,590 Sq Ft
$1,696/mo HOA Fee

Last Sold February 02, 2018

Last sale price $1,550,000 $598 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $19,202/month

76 Days on Market

Highlights

  • 1,396 Feet of Waterfront
  • Water access To Gulf or Ocean
  • Fitness Center
  • Southside Elementary School Rated A
  • Private Beach
  • Heated In Ground Pool

About This Home

As of February 2018

Welcome to the perfect beachfront penthouse in The Sanctuary on Longboat Key! This full gulf front condo has sweeping views of the gulf, beach, and pool area below and also the city, bay, and golf course views from two separate balconies (500 s.f. of balcony space). This fully-furnished penthouse features an office, a very open floor plan with a dining room and huge living room, granite eat-in kitchen with Subzero refrigerator and Bosch cooktop, granite island, laundry room, wet bar, two skylights, travertine marble flooring, two 2012 A/C systems, many automatic custom blinds, and many fine built-ins. The master bedroom overlooks the gulf with walls of windows and the main bath has dual sinks, shower, and a jetted tub. This unit boasts all high-end newer impact windows-a $100,000 improvement. The Sanctuary features a huge swimming pool with 2-lane lap pool, children's splash pool, hot tub, sunning gazebos, private beach, two Har-Tru tennis courts, fitness center, card room, clubhouse, and lending library. There is a one-car garage and storage closet as well. The Sanctuary is under 2 miles from St. Armands and restaurants, golf course, and boat storage/marina is even closer! Don't miss your chance to enjoy one of Longboat Keys finest developments, welcome to The Sanctuary!

Last Agent to Sell the Property

Joe Cleary

RE/MAX ALLIANCE GROUP License #0664433 Listed on: 09/21/2017

RE/MAX ALLIANCE GROUP

Last Buyer's Agent

Michelle Musto

COLDWELL BANKER REALTY License #3042745

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $21,808

Year Built

  • Built in 1990

Lot Details

  • 1,396 Feet of Waterfront
  • Property fronts gulf or ocean
  • Private Beach
  • Northwest Facing Home
  • Mature Landscaping
  • Irrigation

HOA Fees

  • $1,696 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Assigned Parking

Property Views

  • Full Gulf or Ocean
  • Golf Course
  • Pool

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Membrane Roofing
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,590 Sq Ft Home
  • Furnished
  • Built-In Features
  • Bar Fridge
  • Ceiling Fan
  • Skylights
  • Thermal Windows
  • Blinds
  • Sliding Doors
  • Formal Dining Room
  • Den
  • Inside Utility

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Range with Range Hood
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

Pool

  • Heated In Ground Pool
  • Heated Spa
  • Gunite Pool
  • Outdoor Shower

Outdoor Features

  • Water access To Gulf or Ocean
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Exterior Lighting
  • Gazebo
  • Outdoor Storage
  • Outdoor Grill

Location

  • Flood Zone Lot

Schools

  • Southside Elementary School
  • Booker Middle School
  • Booker High School

Utilities

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

Listing and Financial Details

  • Tax Lot 805
  • Assessor Parcel Number 0011083060

Community Details

Overview

  • Association fees include cable TV, escrow reserves fund, insurance, maintenance structure, ground maintenance, manager, recreational facilities, security, sewer, trash, water
  • High-Rise Condominium
  • Sanctuary Community
  • Sanctuary Iv Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions
  • Rental Restrictions
  • 9-Story Property

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Tennis Courts
  • Recreation Facilities
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets up to 30 lbs
  • 1 Pet Allowed

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$21,808

Year Built

Built in 1990

Lot Details

0

HOA Fees

$1,696 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2590
  • New Construction: No
  • Year Built: 1990
  • Building Area Total: 3090
  • Directions to Property: From St. Armand's head north onto Longboat Key on Gulf of Mexico Dr., to west on Longboat Club Road, thru guard gate to left into The Sanctuary.. Pass guard and take immediate left. Park past tennis courts.
  • Status: Sold
  • Floor Number: 9
  • Homestead Y N: No
  • Number Of Pets: 1
  • Home Warranty Y N: No
  • Property Description: High Rise
  • Call Center Phone Number: 800-746-9464
  • Ratio: Close Price\List Price: 0.93939
  • Price per Sq Ft: 598.46
  • Close to Original List Price Ratio: 0.93939
  • Ratio: Current Price\Building Area Total: 501.62
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2016
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Marble
  • Full Bathrooms: 3
  • Interior Amenities: Built in Features, Ceiling Fans(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Skylight(s), Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Bar Fridge, Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave Hood, Range, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Features: Heated
  • Spa Yn: Yes
  • Stories: 9
  • Window Features: Blinds, Thermal Windows, Window Treatments
  • Street Number Modifier: 535
  • Room Count: 9
  • Additional Rooms: Den/Library/Office, Formal Dining Room Separate, Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Northwest
  • Other Structures: Gazebo, Storage, Tennis Court(s)
  • Pool Features: Gunite, Heated, In Ground
  • Exterior Features: Sliding Doors, Balcony, Irrigation System, Lighting, Outdoor Grill, Outdoor Shower, Storage, Tennis Court(s)
  • Roof: Membrane, Other
  • Pool Private: No
  • View: Golf Course, Pool, Water
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Water View: Gulf/Ocean - Full, Gulf/Ocean to Bay
  • Water Access: Beach - Private, Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0128F
  • Waterfront Frontage: 1396
  • Water Frontage Feet Beach Prvt: 698
  • Water Frontage Feet Gulf Ocean: 698
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Assigned, Covered
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Fire Hydrant, Public, Sprinkler Meter, Street Lights
  • Cooling: Central Air, Humidity Control
  • Heating: Central
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Fitness, Gated Community, Pool, Tennis Courts, Water Access, Waterfront Complex
  • Association Amenities: Elevator(s), Fitness Center, Gated, Recreation Facilities, Storage, Tennis Court(s)
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Security: Gated Community, Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 5089
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 1696
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 20356
  • Total Monthly Fees: 1696.33

Schools

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

Lot Info

  • Parcel Number: 0011083060
  • Additional Parcels: No
  • Lot Features: FloodZone, In County
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No, Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 30
  • Minimum Lease: 3 Months
  • Approval Process: Written association approval required
  • Num Timesper Year: 1
  • Pet Restrictions: One pet allowed, 30 lb max. Tenants no pets.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Lease: 3 month minimum/ once per year

Tax Info

  • Tax Annual Amount: 21808
  • Tax Book Number: 28-48
  • Tax Lot: 805

Multi Family

  • Waterfront Features: Beach - Private, Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2017
Closed on
Jan 23, 2018
Sold by
Janes Gial M and Janes Thomas T
Bought by
Spychala Michael R and Spychala Darlene A
Seller's Agent
Joe Cleary
RE/MAX ALLIANCE GROUP
Buyer's Agent
Michelle Musto
COLDWELL BANKER REALTY
List Price
$1,650,000
Sold Price
$1,550,000
Premium/Discount to List
-$100,000
-6.06%
Current Estimated Value
$2,810,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,260,506
Avg. Annual Appreciation
8.50%

Purchase Details

Listed on
Jul 1, 2011
Closed on
Feb 21, 2012
Sold by
Verdi Frank P and Verdi Linda P
Bought by
Janes Thomas T and Janes Gail M
Seller's Agent
Elizabeth Pitts
SARASOTA BROKERAGE LLC
Buyer's Agent
Joe Cleary
RE/MAX ALLIANCE GROUP
List Price
$1,400,000
Sold Price
$1,400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.73%

Purchase Details

Closed on
Feb 27, 2004
Sold by
Cain David L and Cain Kelly
Bought by
Verdi Frank P and Verdi Linda P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,999
Interest Rate
5.63%

Purchase Details

Closed on
Jun 22, 2001
Sold by
Ridout Wayne and Ridout Robbye
Bought by
Cain David L and Cain Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
7.14%
Source: Public Records

Range of Values:

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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
Spychala Michael R $1,550,000 Attorney
Janes Thomas T $1,400,000 Attorney
Verdi Frank P $1,600,000 --
Cain David L $1,200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Verdi Frank P $999,999
Previous Owner Cain David L $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2018 02/02/18 Sold $1,550,000 -6.1% $598 / Sq Ft
12/07/2017 12/07/17 Pending -- -- --
09/21/2017 09/21/17 For Sale $1,650,000 +17.9% $637 / Sq Ft
02/27/2012 02/27/12 Sold $1,400,000 0.0% $541 / Sq Ft
12/30/2011 12/30/11 Pending -- -- --
07/01/2011 07/01/11 For Sale $1,400,000 -- $541 / 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 $26,662 $1,843,289 -- --
2023 $26,662 $2,277,700 $0 $2,277,700
2022 $23,555 $1,901,900 $0 $1,901,900
2021 $20,865 $1,467,600 $0 $1,467,600
2020 $17,794 $1,180,900 $0 $1,180,900
2019 $22,948 $1,566,000 $0 $1,566,000
2018 $22,202 $1,504,000 $0 $1,504,000
2017 $22,404 $1,480,498 $0 $0
2016 $21,808 $1,504,000 $0 $1,504,000
2015 $21,111 $1,481,800 $0 $1,481,800
2014 $19,636 $1,011,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joe Cleary

    Seller's Agent in 2018

    Joe Cleary

    RE/MAX

    (941) 650-8485

    3 in this area

    226 Total Sales

    Joe Cleary
    Section Image
  • Michelle Musto

    Buyer's Agent in 2018

    Michelle Musto

    COLDWELL BANKER REALTY

    (941) 809-3714

    7 in this area

    53 Total Sales

    Michelle Musto
    Section Image

  • E

    Seller's Agent in 2012

    Elizabeth Pitts

    SARASOTA BROKERAGE LLC

    (941) 780-9536

    1 Total Sale

    Elizabeth Pitts
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4196703

Stellar MLS

APN: 0011-08-3060

Florida Sarasota County Longboat Key 34228

535 Sanctuary Dr Unit B805, Longboat Key, FL

This home is located at 535 Sanctuary Dr Unit B805, Longboat Key, FL 34228 since 21 September 2017 and is currently estimated at $2,810,506, approximately $1,085 per square foot. This property was built in 1990. 535 Sanctuary Dr Unit B805 is a home located in Sarasota County with nearby schools including Southside Elementary School and Booker Middle School.

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

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