Seller's Agent in 2021
Lenore Treiman
Michael Saunders
(941) 356-9642
9 in this area
138 Total Sales
539 Norsota Way Sarasota, FL 34242
Estimated Value: $6,834,000 - $9,468,710
6
Beds
7
Baths
8,964
Sq Ft
$960/Sq Ft
Est. Value
Highlights
- Guest House
- Property Fronts a Bay or Harbor
- In Ground Pool
- Phillippi Shores Elementary School Rated A
- Media Room
- Custom Home
About This Home
As of March 2021Described by Style Magazine as a sprawling modern structure with a Bahamian flair, this nearly one acre of land with four-bedroom home, guest apartment and cabana is a one-of-kind iconic property which is an exquisite homage to luxury bayfront living. The 150 of direct bay frontage on the highly sought-after north end of Siesta Key is rumored to be the former site of the famed Bay Island Hotel, known for its glittering views of downtown Sarasota, the Ringling Bridge, and deep water boating now yours to create your own masterpiece or restore the current characterful structures to their original glory. Multiple areas throughout the grounds and interior provide endless opportunities for entertaining and resort-style living, including a dramatic open-air pool terrace, meditative gardens, and an effortless open floorplan that boasts Southwestern, Bahamian and Mediterranean influences. Bright whites, soaring 22 beamed ceilings, walls of windows, and light Oak flooring all give the home a relaxing coastal ambiance and embrace the stunning postcard setting few get to experience. A main house features four spacious guest suites with unique historic details like claw-foot tubs, hand-painted frescos and palladium windows and the master suite is spa-like and splashed in natural light with a whirlpool tub, oversized walk-in closet and chic work station with beautiful bay views. Other outstanding spaces include a solarium that looks directly out to the pool, cabana and water; a red-brick kitchen with high-end stainless steel appliances from GE and SubZero; and a cozy media room with surround sound, leather seating and home theatre. A guest apartment and cabana make the home truly customizable to suit your lifestyle and family needs. Designed for those who wish to be indulged in comfort, luxury and style, this wonderful estate property is the perfect backdrop to a vibrant Sarasota lifestyle.
Last Agent to Sell the Property
MICHAEL SAUNDERS & COMPANY License #0511583 Listed on: 12/15/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $42,355
Year Built
- Built in 1952
Lot Details
- 0.96 Acre Lot
- Lot Dimensions are 284x150x253x164
- Property Fronts a Bay or Harbor
- South Facing Home
- Masonry wall
- Mature Landscaping
- Oversized Lot
- Irrigation
- Property is zoned RSF1
Parking
- 3 Car Attached Garage
- Circular Driveway
- Guest Parking
Home Design
- Custom Home
- Slab Foundation
- Wood Frame Construction
- Shingle Roof
- Wood Siding
Interior Spaces
- 8,964 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Wet Bar
- Built-In Features
- Bar Fridge
- Crown Molding
- Vaulted Ceiling
- Ceiling Fan
- Skylights
- Wood Burning Fireplace
- Awning
- Shade Shutters
- French Doors
- Sliding Doors
- Family Room with Fireplace
- Living Room with Fireplace
- Breakfast Room
- Formal Dining Room
- Media Room
- Utility Room
- Water Views
Kitchen
- Eat-In Kitchen
- Built-In Oven
- Cooktop
- Dishwasher
- Stone Countertops
- Solid Wood Cabinet
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- Walk-In Closet
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Home Security System
- Hurricane or Storm Shutters
- Fire and Smoke Detector
Pool
- In Ground Pool
- Gunite Pool
- Pool Deck
- Outdoor Shower
- Pool Lighting
Outdoor Features
- Deck
- Patio
- Exterior Lighting
- Outdoor Storage
- Rain Gutters
- Side Porch
Additional Homes
- Guest House
Location
- Flood Zone Lot
- Flood Insurance May Be Required
- City Lot
Schools
- Phillippi Shores Elementary School
- Brookside Middle School
- Sarasota High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Underground Utilities
- Electric Water Heater
- High Speed Internet
Community Details
- Bay Island Community
- Bay Island Subdivision
Listing and Financial Details
- Legal Lot and Block RESER / 15
- Assessor Parcel Number 2019070030
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 15, 2020
Closed on
Mar 16, 2021
Sold by
Kane Hartnett Betsy and Kane Katherine
Bought by
Cross Street Real Estate Services Llc and Skylark Land Trust
Seller's Agent
Lenore Treiman
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Alex Stafford
MICHAEL SAUNDERS & COMPANY
List Price
$8,200,000
Sold Price
$7,000,000
Premium/Discount to List
-$1,200,000
-14.63%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,608,678
Avg. Annual Appreciation
4.44%
Purchase Details
Closed on
Dec 27, 1996
Sold by
Kane Janet H and Kane Stanley B
Bought by
Kane Stanley B
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cross Street Real Estate Services Llc | $7,000,000 | Attorney | |
| Kane Hartnett Betsy | -- | Attorney | |
| Kane Stanley B | -- | -- | |
| Kane Janet H | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/16/2021 03/16/21 | Sold | $7,000,000 | -6.7% | $781 / Sq Ft |
| 02/16/2021 02/16/21 | Pending | -- | -- | -- |
| 02/01/2021 02/01/21 | Price Changed | $7,500,000 | -8.5% | $837 / Sq Ft |
| 12/15/2020 12/15/20 | For Sale | $8,200,000 | -- | $915 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 | $99,671 | $6,002,000 | $5,917,900 | $84,100 |
| 2024 | $91,019 | $6,700,430 | -- | -- |
| 2023 | $91,019 | $6,201,800 | $6,123,100 | $78,700 |
| 2022 | $81,765 | $5,499,000 | $5,465,700 | $33,300 |
| 2021 | $78,527 | $4,997,600 | $3,940,100 | $1,057,500 |
| 2020 | $42,355 | $2,638,733 | $0 | $0 |
| 2019 | $41,305 | $2,579,407 | $0 | $0 |
| 2018 | $40,661 | $2,531,312 | $0 | $0 |
| 2017 | $40,214 | $2,479,248 | $0 | $0 |
| 2016 | $40,033 | $3,800,800 | $2,966,400 | $834,400 |
| 2015 | $40,657 | $3,329,800 | $2,659,100 | $670,700 |
| 2014 | $40,635 | $2,357,673 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lenore Treiman
-
Alex Stafford
Buyer's Agent in 2021
Alex Stafford
Michael Saunders
(941) 809-7221
1 in this area
42 Total Sales
Map
Source: Stellar MLS
MLS Number: A4485407
APN: 2019-07-0030
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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