NOT LISTED FOR SALE

540 Harbor Cove Cir Longboat Key, FL 34228

Estimated Value: $1,983,000 - $2,869,000

0.39 Acre
$6,500,415 Price per Acre
16,988 Sq Ft Lot

Last Sold February 07, 2024

Last sale price $2,970,000 $1,427 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $15,564/month

Highlights

  • 92 Feet of Salt Water Canal Waterfront
  • Community Beach Access
  • Access To Intracoastal Waterway
  • Southside Elementary School Rated A
  • Dock has access to electricity and water
  • Boat Lift

About This Lot

As of February 2024

Build your dream home on this oversized waterfront lot in the exclusive gated neighborhood of Bay Isles Harbor Section! This neighborhood definitely has the boater in mind. The lot has approximately .38 acres and has 92 ft. of waterfront with a concrete seawall maintained by the HOA. The property is second in from the bay and is on a deep wide canal that leads directly to the channel leading out to Sarasota Bay. Home is being torn down.

Last Agent to Sell the Property

Julie Klick

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-388-4447 License #3103707 Listed on: 01/16/2024

MICHAEL SAUNDERS & COMPANY

Co-Listed By

Beverly St Hilaire

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-388-4447 License #3231988

Last Buyer's Agent

Kelly Gettel

COLDWELL BANKER REALTY License #3034647

COLDWELL BANKER REALTY

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $20,427

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 140x130x91x150
  • 92 Feet of Salt Water Canal Waterfront
  • Property fronts a saltwater canal
  • Cul-De-Sac
  • North Facing Home
  • Private Lot
  • Property is zoned PD

HOA Fees

Property Views

  • Canal
  • Pool

Schools

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

Additional Features

  • In Flood Plain
  • Underground Utilities

Listing and Financial Details

  • Tax Lot 63
  • Assessor Parcel Number 0009060001

Community Details

Overview

  • Association fees include 24-Hour Guard, escrow reserves fund, private road, security
  • Ken Kandefer Association, Phone Number (941) 921-3221
  • Bay Isles Association, Phone Number (941) 383-3200
  • Bay Isles Community
  • Bay Isles Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions, vehicle restrictions

Recreation

  • Community Beach Access
  • Recreation Facilities
  • Access To Intracoastal Waterway
  • Access to Bay or Harbor
  • Deeded access to the beach
  • Access to Saltwater Canal
  • Seawall
  • Boat Lift
  • Dock has access to electricity and water
  • Dock made with Composite Material

Security

  • Security Guard
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$20,427

Lot Details

0

HOA Fees

$369 per month

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Escrow Reserves Fund, Private Road, Security
  • Property Type: Land
  • Lot Size Acres: 0.39
  • Lot Size Sq Ft: 16980
  • Directions to Property: Gulf of Mexico Drive to Bay Isles south gate, after going through gate, turn right into Harbor section and go straight to Harbor Cove Circle, turn left on Harbor Cove Circle and lot is on the right.
  • Status: Sold
  • Co List Office Mls Id: MFR281502392
  • Co List Office Phone: 941-388-4447
  • Ownership: Fee Simple
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046728
  • Number Of Pets: 3
  • RATIO Current Price By Calculate: 174.91
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 1
  • MFR_DockDescription: Dock - Composite,Dock w/Electric,Dock w/Water Supply,Lift
  • MFR_DockYN: 1
  • MFR_DockMaintenanceFeeFrequency: N/A
  • MFR_CommunityAssociationWaterFeatures: Bay/Harbor Front,Canal Front,Intracoastal Waterway,Water Access,Waterfront
  • Attribution Contact: 941-388-4447
  • Tax Year: 2023
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 540

Exterior Features

  • Direction Faces: North
  • View: Pool, Water
  • Water Body Name: SARASOTA BAY
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Disclosures: Seller Property Disclosure
  • Water Access: Bay/Harbor,Beach,Beach - Access Deeded,Canal - Saltwater,Intracoastal Waterway
  • Water Extras: Lift,Sailboat Water,Seawall - Concrete
  • Water Extras YN: 1
  • Water Frontage Feet Canal Salt: 92
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 92
  • Additional Water Information: Located on a wide deepwater canal with direct channel to Sarasota Bay. Seawall is maintained by Bay Isles Harbor Section HOA. Boat lift is not warranted. Private access to gated Bay Isles Beach Club on Gulf of Mexico Drive.
  • Price Per Acre: 7615385

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Public, Sewer Available, Street Lights, Underground Utilities, Water Available
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Beach Area, Deed Restrictions, Gated Community - Guard, Waterfront Complex
  • Association Amenities: Gated, Recreation Facilities, Security, Vehicle Restrictions
  • Association Fee: 2420
  • Association Fee Frequency: Annually
  • Association Name: Ken Kandefer
  • Phone: 941-921-3221
  • Association: Yes
  • Security: Gated Community
  • Association #2 Fee: 2007
  • Association #2 Fee Frequency: Annually
  • Association: Bay Isles
  • Association Phone #2: 941-383-3200
  • Association 2 YN: 1
  • Association Fee Requirement: Required
  • Max Pet Weight: 101
  • Pet Size: Extra Large (101+ Lbs.)

Fee Information

  • Total Annual Fees: 4427.00
  • Total Monthly Fees: 368.92
  • Monthly HOA Amount: 201.67

Schools

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

Lot Info

  • Zoning: PD
  • Parcel Number: 0009060001
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Features: Buildable, Cul-De-Sac, Flood Plain/Bottom Land, Room For Pool, Street Lights, Paved, Private
  • Lot Dimensions: 140x130x91x150
  • Flood Zone Code: AE
  • Lot Size Square Meters: 1577
  • Zoning Compatible YN: 1

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Annual Amount: 20427.26
  • Tax Book Number: 23-35
  • Tax Lot: 63

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2024
Closed on
Feb 7, 2024
Sold by
Nale Developments Florida Inc and Clearjoy Holdings Inc
Bought by
Dominic R Zaccone Ii Trust and Zaccone
Seller's Agent
Julie Klick
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Kelly Gettel
COLDWELL BANKER REALTY
List Price
$3,600,000
Sold Price
$2,970,000
Premium/Discount to List
-$630,000
-17.5%
Views
7
Current Estimated Value
$2,535,162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$434,838
Avg. Annual Appreciation
-9.10%
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
Dominic R Zaccone Ii Trust $2,970,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/07/2024 02/07/24 Sold $2,970,000 -17.5% $1,427 / Sq Ft
01/16/2024 01/16/24 Pending -- -- --
01/16/2024 01/16/24 For Sale $3,600,000 -- $1,730 / 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 $20,427 $1,357,580 -- --
2023 $20,427 $1,897,100 $1,711,800 $185,300
2022 $19,325 $1,803,200 $1,645,600 $157,600
2021 $15,380 $1,172,600 $1,028,100 $144,500
2020 $13,349 $926,700 $769,400 $157,300
2019 $15,819 $1,110,800 $870,300 $240,500
2018 $18,022 $1,263,700 $1,004,400 $259,300
2017 $17,625 $1,215,400 $938,700 $276,700
2016 $18,921 $1,318,300 $1,028,100 $290,200
2015 $17,433 $1,192,600 $931,600 $261,000
2014 $15,660 $934,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4595822

Stellar MLS

APN: 0009-06-0001