NOT LISTED FOR SALE

540 Harbor Gate Way Longboat Key, FL 34228

Estimated Value: $3,028,000 - $4,231,000

5 Beds
6.5 Baths
5,048 Sq Ft
$677/Sq Ft Est. Value

Last Sold April 14, 2023

Last sale price $3,600,000 $713 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $21,250/month

196 Days on Market

Highlights

  • 199 Feet of Salt Water Canal Waterfront
  • Boat Slip Deeded
  • In Ground Pool
  • Southside Elementary School Rated A
  • Deeded access to the beach
  • Custom Home

About This Home

As of April 2023

Don’t miss this opportunity to live on a quiet cul-de-sac street located in the 24 hour security gated Harbor Section of Bay Isles, the premier neighborhood of Longboat Key. This property boasts 199’ of waterfront on an oversized lot and deep-water canal with no bridges to Sarasota Bay. The seawall and dock can accommodate very large boats, up to 80’ and possibly even larger, while the spectacular views will appeal to everyone. This sprawling landscaped property with a stately paver drive is well-positioned on an exclusive cul-de-sac. The existing home was under renovation when the owner decided to sell at lot value rather than move forward with their project. Currently, the grand, elevated façade of the 5000+ sq ft home makes a stunning first impression with double-doors revealing a spacious open design and soaring ceilings. An efficient floorplan and ample natural light add to the initial appeal. While bringing your own vision and artistic touches remains an option, a completely new build will maximize the potential of this spectacular location. An added benefit is the association is responsible for the seawall for the entire community. Residents enjoy all the benefits of Bay Isles just across the street, with miles of walking paths and membership to the private Bay Isles Beach Club. Savor the laidback luxury and island lifestyle that Longboat Key is known for with nearby restaurants – some with waterside dining, St. Armands Circle, and the cultural epicenter of downtown Sarasota. This rare offering truly represents the best of Longboat Key.

Last Agent to Sell the Property

Stacy Hanan

MICHAEL SAUNDERS & COMPANY License #3121519 Listed on: 09/21/2022

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Roberta Tengerdy, PA

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3110050

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,172

Year Built

  • Built in 1991

Lot Details

  • 0.44 Acre Lot
  • 199 Feet of Salt Water Canal Waterfront
  • Property fronts a saltwater canal
  • Southwest Facing Home
  • Mature Landscaping
  • Irrigation
  • Property is zoned PD

HOA Fees

Parking

  • 3 Car Attached Garage
  • Driveway

Home Design

  • Custom Home
  • Slab Foundation
  • Stem Wall Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 5,048 Sq Ft Home
  • 2-Story Property
  • French Doors
  • Great Room
  • Living Room
  • Bonus Room
  • Canal Views

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • In Ground Pool
  • Deeded access to the beach
  • Access to Bay or Harbor
  • Seawall
  • Boat Slip Deeded
  • Balcony
  • Patio

Schools

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

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Bay Isles David Cromwell Association, Phone Number (941) 383-3200
  • Bay Isles Association
  • Bay Isles Community
  • Bay Isles Subdivision
  • The community has rules related to deed restrictions

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,172

Year Built

Built in 1991

Lot Details

0.44 Acres

HOA Fees

$439 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 5048
  • Lot Size Acres: 0.44
  • New Construction: No
  • Year Built: 1991
  • Building Area Total: 6312
  • Lot Size Sq Ft: 19112
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 586.40
  • Escrow State: FL
  • Minimum Lease: 8-12 Months
  • RATIO Current Price By Calculate: 713.15
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 1
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Other
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Interior Amenities: Other
  • Appliances Included: Other
  • Foundation Details: Slab, Stem Wall
  • Total Bedrooms: 5
  • Levels: Two
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Bonus Room
  • Living Area Meters: 468.97

Exterior Features

  • Direction Faces: Southwest
  • Pool Features: In Ground
  • Exterior Features: Balcony, French Doors, Irrigation System
  • Roof: Tile
  • Pool Private: Yes
  • Water Body Name: SARASOTA BAY
  • Waterfront: Yes
  • Patio and Porch Features: Patio
  • Road Surface Type: Paved
  • Water Access: Bay/Harbor,Beach - Access Deeded
  • Water Extras: Dock - Slip Deeded On-Site,Seawall - Other
  • Water Frontage Feet Canal Salt: 199
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 199
  • Flood Zone Panel: 12115C0126F

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Driveway

Utilities

  • Utilities: Cable Available, Electricity Available, Water Available
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Gated
  • Association Fee: 2700
  • Association Fee Frequency: Annually
  • Association Name: Bay Isles - David Cromwell
  • Phone: 941-383-3200
  • Association: Yes
  • Senior Community: No
  • Association #2 Fee: 2563
  • Association #2 Fee Frequency: Annually
  • Association: Bay Isles
  • Association 2 YN: 1
  • Association Approval Required YN: 0
  • Pet Restrictions: Buyer to verify withi HOA
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 5263.00
  • Total Monthly Fees: 438.58
  • Monthly HOA Amount: 225.00

Schools

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

Lot Info

  • Zoning: PD
  • Parcel Number: 0008150005
  • Additional Parcels: No
  • Flood Zone Code: AE

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: Buyer to verify with HOA

Tax Info

  • Tax Annual Amount: 23171.6
  • Tax Book Number: 23-35
  • Tax Lot: 5

Multi Family

  • Waterfront Features: Canal - Saltwater
  • Approval Process: Buyer to verify with HOA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2022
Closed on
Apr 14, 2023
Sold by
Marsha Katz Revocable Living Trust
Bought by
Hadley William F and Anderson Janet C
Seller's Agent
Stacy Hanan
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Roberta Tengerdy, PA
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$3,999,000
Sold Price
$3,600,000
Premium/Discount to List
-$399,000
-9.98%
Views
56
Current Estimated Value
$3,419,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$180,127
Avg. Annual Appreciation
-1.74%

Purchase Details

Closed on
Feb 18, 2020
Sold by
Eisenberg Marsha Katz J
Bought by
Eisenberg Marsha Katz and Marsha Katz Revocable Living T

Purchase Details

Closed on
Apr 15, 2013
Sold by
Eisenberg Harry M
Bought by
Eisenberg Harry M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2013
Sold by
Eisenberg Harry M
Bought by
Eisenberg Harry M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2013
Sold by
Eisenberg Harry M
Bought by
Eisenberg Harry M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2010
Sold by
Eisenberg Harry M and Eisenberg Marsha K
Bought by
Eisenberg Harry M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2009
Sold by
Cadence Bank Na
Bought by
Eisenberg Harry M and Harry M Eisenberg Revocable Living Trust

Purchase Details

Closed on
Jan 22, 2008
Sold by
Brivik Mark
Bought by
Cadence Bank Na

Purchase Details

Closed on
Apr 15, 2004
Sold by
Hoyt James E
Bought by
Brivik Mark and Brivik Marie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Hadley William F $3,600,000 None Listed On Document
Eisenberg Marsha Katz -- Attorney
Eisenberg Marsha Katz -- Attorney
Eisenberg Harry M -- None Available
Eisenberg Harry M -- None Available
Eisenberg Harry M -- None Available
Eisenberg Harry M -- Landguard Title Serv Llc
Eisenberg Harry M -- Landguard Title Services Llc
Eisenberg Harry M $1,700,000 Attorney
Cadence Bank Na $1,688,900 Attorney
Brivik Mark $2,625,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eisenberg Harry M $404,000
Previous Owner Eisenberg Harry M $417,000
Previous Owner Brivik Mark $1,500,000
Closed Brivik Mark $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2023 04/14/23 Sold $3,600,000 -10.0% $713 / Sq Ft
04/06/2023 04/06/23 Pending -- -- --
03/13/2023 03/13/23 Price Changed $3,999,000 0.0% $792 / Sq Ft
03/13/2023 03/13/23 For Sale $3,999,000 -11.1% $792 / Sq Ft
02/26/2023 02/26/23 Pending -- -- --
09/21/2022 09/21/22 For Sale $4,500,000 -- $891 / Sq Ft
Source: Stellar MLS

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 $36,201 $2,810,800 $1,976,100 $834,700
2024 $37,773 $2,829,900 $2,105,600 $724,300
2023 $37,773 $2,883,400 $1,974,000 $909,400
2022 $22,777 $1,753,059 $0 $0
2021 $23,172 $1,701,999 $0 $0
2020 $23,357 $1,678,500 $913,000 $765,500
2019 $24,348 $1,763,400 $1,028,100 $735,300
2018 $26,414 $1,904,725 $0 $0
2017 $26,219 $1,865,548 $0 $0
2016 $26,149 $2,773,000 $1,316,000 $1,457,000
2015 $26,645 $2,523,900 $1,151,500 $1,372,400
2014 $25,302 $1,686,491 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4548328

Stellar MLS

APN: 0008-15-0005

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