NOT LISTED FOR SALE

540 Harbor Point Rd Longboat Key, FL 34228

Estimated Value: $4,253,000 - $5,542,000

5 Beds
4.5 Baths
4,626 Sq Ft
$1,025/Sq Ft Est. Value

Last Sold October 25, 2024

Last sale price $5,000,000 $1,081 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $29,072/month

Highlights

  • White Water Ocean Views
  • Boat Lift
  • In Ground Pool
  • Southside Elementary School Rated A
  • Access to Bay or Harbor
  • Open Floorplan

About This Home

As of October 2024

NEW LIST PRICE!!! NOW IS THE TIME, if Island living has been part of a lifelong dream, then you need to live on Longboat Key, one of the best islands rated by Travel & Leisure magazine and this is the PERFECT HOME TO TURN YOUR VISION INTO REALTY. This custom-built home offers convenience, exclusivity, privacy and is situated on deep water canal cul de sac street in the southernmost Harbor area of Bay isles behind 2 gates, perfect for a large family. It has been renovated to include the most desired features by todays discerning Buyers. It begins with the open floor plan and totally renovated chef style kitchen with top of line ss appliances by Wolf, Bosch, Sub-Zero and dual dishwashers by KitchenAid. Now add the safety features that make the home more hurricane resilient with impact windows & whole house generator. Located on over 1/4 acre, protected, deep water south facing lot on Sarasota Bay & built at an elevation over 12' exceeding the required base flood elevation. Say yes to a boater’s paradise with your recently added 100' of trek deck and dock with 10,000lb. boat lift that previously accommodated a 27’ Grady White cruiser. You're within minutes to easy access of Gulf of Mexico either via New Pass or Longboat Key Pass with no fixed bridges to hamper your voyage whether going fishing or just on a sunset cruise. The lot is lushly landscaped and meticulously cared for while the saltwater pool and spa have been recently refinished, the pool deck has newly added shell stone pavers. Now that you've been impressed with the curb appeal of this home, it is time to enter and be greeted by the soaring 24 ft. step ceiling in the foyer and main living area that is complimented with accented stone walls and floor to ceiling windows that showcase views of the pool and waterway. The chef’s kitchen with a large island, extensive wood cabinetry has easy access to the 22’x28’ Dining Rm/Family Rm combination that makes entertaining family and friends easy. The Breakfast Nook is perfect for more casual intimate dining for the owner or on those perfect days move to the 15’x27’ screened in porch and outdoor kitchen taking advantage of the view. Hosting those overnight Guests is no problem with this 5/6 bedroom and 5 ½ bath home. 3 of the Guest Bedrooms are En Suite while 2 share a full bath, each of these bedrooms are on different levels achieving the ultimate in privacy for your guests. The Owners’ Master on main level is oversized with a sitting area, the Master Bath has his/her vanities, a separate perfect makeup vanity that conceals the disappearing tub, and his/hers closets with wood organizers. Beautiful engineered hardwood flooring is on the main level, 6” baseboard and multi-piece crown molding in the main living area. This 3-level home offers great views of the Bay from the different decks and porches plus provision has been made for a future elevator, just add all the electro-mechanicals. Most of the key infrastructure items like a 5-year-old tile roof, A/C systems have recently been replaced and the exterior of home has been freshly painted. All it needs is a new family to enjoy all the benefits of the meticulous and thoughtful previous owners. Conveniently located at the Southern end of LBK with easy access to St. Armands and Downtown Sarasota. Longboat Key Club Resort membership offers fine dining, tennis, 2 golf courses & other benefits. Bay Isles gives you private beach access to the Gulf of Mexico, parking & facilities.

Last Agent to Sell the Property

Joseph Cinque

FINE PROPERTIES Brokerage Phone: 941-782-0000 License #3203248 Listed on: 09/21/2024

FINE PROPERTIES

Last Buyer's Agent

Nicole Betz

EXP REALTY LLC License #3308722

EXP REALTY LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $39,075

Year Built

  • Built in 2000

Lot Details

  • 0.34 Acre Lot
  • Property fronts a saltwater canal
  • North Facing Home
  • Irrigation
  • Property is zoned PD

HOA Fees

Parking

  • 3 Car Attached Garage

Property Views

  • White Water Ocean
  • Bayou
  • Canal

Home Design

  • Split Level Home
  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 4,626 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Sliding Doors
  • Entrance Foyer
  • Great Room
  • Family Room Off Kitchen
  • Den

Kitchen

  • Eat-In Kitchen
  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Engineered Wood
  • Carpet
  • Concrete
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Access to Bay or Harbor
  • No Fixed Bridges
  • Access to Saltwater Canal
  • Seawall
  • Boat Lift
  • Dock made with Composite Material
  • Outdoor Kitchen
  • Exterior Lighting
  • Outdoor Grill

Schools

  • Southside Elementary School
  • Pine View Middle School
  • Riverview High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Humidity Control
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • Bay Isles/Ken Kandefer Association
  • Bay Isles Association
  • Bay Isles Community
  • Bay Isles Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$39,075

Year Built

Built in 2000

Lot Details

0

HOA Fees

$675 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 4626
  • Lot Size Acres: 0.34
  • New Construction: No
  • Year Built: 2000
  • Building Area Total: 6337
  • Lot Size Sq Ft: 15000
  • Directions to Property: From mainland take John Ringling Bridge toward St. Armands and turn right at circle going North to Longboat Key. Continue on Gulf of Mexico Dr to Harborside Dr and southern most entrance to Bay Isles. At security gate identify yourself and Guard will give you access to 2nd gate on right. Follow to Harbor Point Rd and make left, home is on the right just before dead end of cul-de-sac.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Builder
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1047148
  • Minimum Lease: 1-2 Years
  • RATIO Current Price By Calculate: 1080.85
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 1
  • MFR_BedroomClosetType: Built-in Closet
  • MFR_BedroomClosetType: Walk-in Closet
  • Bedroom Closet Type: Walk-in Closet
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Composite
  • MFR_DockYN: 1
  • Attribution Contact: 941-782-0000
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Central Vaccum, Crown Molding, Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Open Floorplan
  • Appliances Included: Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 5
  • Levels: Multi/Split
  • Spa Yn: Yes
  • Stories: 2
  • Street Number Modifier: 540
  • ResoLivingAreaSource: Builder
  • Living Area Meters: 429.77
  • Room Count: 15

Exterior Features

  • Direction Faces: North
  • Pool Features: In Ground
  • Exterior Features: Irrigation System, Lighting, Outdoor Grill, Outdoor Kitchen, Sliding Doors
  • Roof: Tile
  • Home Warranty: No
  • Pool Private: Yes
  • Waterfront: Yes
  • Road Surface Type: Asphalt, Paved
  • Water Access: Bay/Harbor,Canal - Saltwater
  • Water Extras: Bridges - No Fixed Bridges,Lift,Seawall - Concrete
  • Water Extras YN: 1
  • Water View: Bay/Harbor - Full,Bayou,Canal
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Natural Gas Connected
  • Cooling: Central Air, Humidity Control, Zoned
  • Heating: Electric, Zoned
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 3420
  • Association Fee Frequency: Annually
  • Association Name: Bay Isles/Ken Kandefer
  • Association: Yes
  • Senior Community: No
  • Association #2 Fee: 4684
  • Association #2 Fee Frequency: Annually
  • Association: Bay Isles
  • Association 2 YN: 1
  • Association Approval Required YN: 1
  • Pet Restrictions: See HOA Docs for details
  • Association Fee Requirement: Required
  • Association Email: ken@kfkcpa.com
  • Pet Size: Extra Large (101+ Lbs.)

Fee Information

  • Total Annual Fees: 8104.00
  • Total Monthly Fees: 675.33
  • Monthly HOA Amount: 285.00

Schools

  • Elementary School: Southside Elementary
  • High School: Riverview High
  • Middle Or Junior School: Pine View School

Lot Info

  • Zoning: PD
  • Parcel Number: 0009030011
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Homestead YN: 1
  • Lot Size Square Meters: 1394

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: See HOA Docs for details, Association approval required

Tax Info

  • Tax Annual Amount: 39075.12
  • Tax Book Number: 23-35
  • Tax Lot: 50

Multi Family

  • Waterfront Features: Canal - Saltwater
  • Approval Process: See HOA Docs for details

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2024
Closed on
Oct 25, 2024
Sold by
Petchul John J and Petchul Deborah J
Bought by
Wimbish Donald Morris and Wimbish Elechia Hilton
Seller's Agent
Joseph Cinque
FINE PROPERTIES
Buyer's Agent
Nicole Betz
EXP REALTY LLC
List Price
$5,499,000
Sold Price
$5,000,000
Premium/Discount to List
-$499,000
-9.07%
Views
2
Current Estimated Value
$4,741,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$258,039
Avg. Annual Appreciation
-5.48%

Purchase Details

Closed on
Feb 29, 2016
Sold by
Schwarz Jack W and Schwarz Gaye H
Bought by
Petchul John J and Petchul Deborah J

Purchase Details

Closed on
Nov 27, 1996
Sold by
Ebin John P
Bought by
Schwarz Jack W and Schwarz Gaye H
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
Wimbish Donald Morris $5,000,000 None Listed On Document
Petchul John J $2,600,000 Attorney
Schwarz Jack W $700,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2024 10/25/24 Sold $5,000,000 -9.1% $1,081 / Sq Ft
09/21/2024 09/21/24 Pending -- -- --
09/21/2024 09/21/24 For Sale $5,499,000 -- $1,189 / 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 $39,075 $3,724,400 $1,712,000 $2,012,400
2023 $39,075 $3,026,812 $0 $0
2022 $37,640 $2,880,400 $1,442,000 $1,438,400
2021 $27,202 $1,959,100 $1,000,000 $959,100
2020 $24,086 $1,696,800 $793,500 $903,300
2019 $24,447 $1,738,000 $897,000 $841,000
2018 $27,086 $1,919,900 $1,035,000 $884,900
2017 $28,584 $1,993,000 $1,035,000 $958,000
2016 $19,348 $1,964,700 $1,000,000 $964,700
2015 $19,715 $1,719,600 $900,000 $819,600
2014 $19,707 $1,319,863 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4623923

Stellar MLS

APN: 0009-03-0011