NOT LISTED FOR SALE

5400 Gulf Dr Unit 31 Holmes Beach, FL 34217

Estimated Value: $637,738 - $820,000

2 Beds
2 Baths
1,188 Sq Ft
$1,428/mo HOA Fee

Last Sold March 02, 2022

Last sale price $650,000 $547 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,919/month

56 Days on Market

Highlights

  • 610 Feet of Waterfront
  • Water access To Gulf or Ocean
  • Heated In Ground Pool
  • Beach View
  • Public Beach
  • Active Adult

About This Home

As of March 2022

With gorgeous Gulf views and moments to the sand, this second floor, corner end unit, 2 Bedroom/2 Bathroom condo might just be perfect for you. This pristine, lovingly maintained beach home has been newly painted and is being sold Turn-Key Furnished. For peace of mind, there's a 2016 HVAC, 2020 water heater, newer 18" tile floors throughout (no carpet!) and brand new hurricane impact windows on order for an estimated February 2022 installation. This condo is perfectly situated in a meticulous and charming 'Old Florida' Gulf front 55+ community to enjoy everything about Florida living. You'll love the abundant natural light in this beach home and the wonderful views of the Gulf, Beach, and Gulf front pool...Perfect for a relaxing beachy lifestyle! And for an enviable work from home experience, the large great room has ample space for creating a resort workplace. With only eleven casitas (four condos each), you'll love the serenity and privacy of this Gulf front tropical oasis with beautifully landscaped grounds including palm trees, tropical flowers, shuffleboard, and two heated pools. There's also a wonderful beach front sun deck for enjoying your nightly sunsets on the beautiful Gulf of Mexico plus you're within just a couple minutes to the shopping and restaurants of Holmes Beach! Check it out and fall in love...this dream condo at the beach could be yours! *NOTE: Condo last went under contract a year ago in December 2020 and sold SIGHT UNSEEN five months later in May 2021 once an annual tenant moved out. When the Buyers saw the condo for the first time after closing, they felt it wasn't quite the right place for them so it coming back on the market but with 2021 pricing. THIS WAS NOT INTENDED AS A FLIP. Since the 2020 sales market, Holmes Beach has increased 25% year over year, hence Seller's current asking price and because the unit has all new hurricane windows being installed at Seller's expense.

Last Agent to Sell the Property

Eileen Gillen

COLDWELL BANKER REALTY License #3385420 Listed on: 12/13/2021

COLDWELL BANKER REALTY

Last Buyer's Agent

Eileen Gillen

COLDWELL BANKER REALTY License #3385420 Listed on: 12/13/2021

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,916

Year Built

  • Built in 1969

Lot Details

  • 610 Feet of Waterfront
  • Property fronts gulf or ocean
  • Property fronts a public beach
  • Public Beach
  • End Unit
  • Southwest Facing Home
  • Mature Landscaping

HOA Fees

  • $1,428 Monthly HOA Fees

Property Views

  • Beach
  • Partial Bay or Harbor
  • Pool

Home Design

  • Florida Architecture
  • Elevated Home
  • Turnkey
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,188 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • Combination Dining and Living Room
  • Tile Flooring
  • Walk-Up Access

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Home Security

Parking

  • 1 Carport Space
  • Common or Shared Parking
  • Ground Level Parking
  • Guest Parking
  • Assigned Parking

Eco-Friendly Details

  • Reclaimed Water Irrigation System

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Outdoor Shower
  • Child Gate Fence
  • Pool Lighting

Outdoor Features

  • Water access To Gulf or Ocean
  • Property is near a marina
  • Exterior Lighting

Location

  • Flood Zone Lot
  • Property is near public transit
  • Property is near a golf course
  • City Lot

Utilities

  • Central Air
  • Heating Available
  • Thermostat
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Active Adult
  • Association fees include common area taxes, community pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, maintenance repairs, manager, pest control, pool maintenance, recreational facilities, sewer, trash, water
  • Julie Conway Association, Phone Number (941) 758-9454
  • 5400 Gulf Condos
  • 5400 Condos Community
  • 5400 Gulf Drive Apts 2 Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions, fencing, no truck, recreational vehicles, or motorcycle parking, vehicle restrictions
  • Rental Restrictions

Recreation

  • Shuffleboard Court
  • Community Pool

Pet Policy

  • No Pets Allowed

Additional Features

  • Laundry Facilities
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,916

Year Built

Built in 1969

Lot Details

0

HOA Fees

$1,428 per month

Listing Details

  • HOA Fee Includes: Common Area Taxes, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Florida
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 1188
  • Lot Size Acres: 1.95
  • New Construction: No
  • Year Built: 1969
  • Building Area Total: 1269
  • Lot Size Sq Ft: 84942
  • Directions to Property: From the Anna Maria Island Bridge/Manatee Ave, take Gulf Drive heading north to the 5000 block. Make a left into the second driveway (55th St) for 5400 Gulf Condos. Proceed straight towards the beach access path. Building 8 is next to the beach access path. Walk to the front of the building which faces the pool. Go upstairs to #31 which is on the top left of the building.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4519636?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4519636?w=Customer
  • Floor Number: 2
  • Homestead Y N: No
  • Unit Number Y N: No
  • Property Description: Corner Unit, Elevated, Walk-Up
  • Call Center Phone Number: 800-746-9464
  • Planned Unit Development Y N: No
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 547.14
  • Close to Original List Price Ratio: 1
  • Ratio: Current Price\Building Area Total: 512.21
  • View: Yes
  • Ownership: Condominium
  • Tax Year: 2021
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 2
  • Interior Amenities: Living Room/Dining Room Combo, Master Bedroom Main Floor, Thermostat, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Yn: No
  • Stories: 2
  • Window Features: Window Treatments
  • Street Number Modifier: 5400
  • Room Count: 4

Exterior Features

  • Direction Faces: Southwest
  • Pool Features: Child Safety Fence, Gunite, Heated, In Ground, Lighting
  • Exterior Features: Irrigation System, Lighting, Outdoor Shower
  • Roof: Tile
  • Pool Private: No
  • View: Pool, Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Patio and Porch Features: None
  • Road Surface Type: Paved, Asphalt
  • Water View: Beach, Gulf/Ocean - Partial
  • Water Access: Beach - Public, Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Waterfront Frontage: 610
  • Water Frontage Feet Beach Pub: 305
  • Water Frontage Feet Gulf Ocean: 305
  • Disclosures: Condominium Disclosure Available, Lead Paint, Seller Property Disclosure

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Assigned, Common, Covered, Ground Level, Guest
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Other
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Irrigation-Reclaimed Water, No Truck/RV/Motorcycle Parking, Pool, Water Access, Waterfront
  • Association Amenities: Fence Restrictions, Laundry, Maintenance, Pool, Shuffleboard Court, Vehicle Restrictions
  • Association Fee: 1428
  • Association Fee Frequency: Monthly
  • Association Name: Julie Conway
  • Phone: 941-758-9454
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: Yes
  • Condo Land Included Y N: No
  • Amenities Additional Fees: Community laundry pay per load.
  • Complex Community Name NCCB: 5400 GULF CONDOS
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 17136
  • Monthly HOA Fee: 1428
  • Total Monthly Fees: 1428

Lot Info

  • Zoning: A1
  • Parcel Number: 7278000000
  • Additional Parcels: No
  • Lot Features: CoastalConstruction Control Line, FloodZone, City Lot, In County, Level, Near Golf Course, Near Marina, Near Public Transit
  • Property Attached Yn: Yes
  • Flood Zone Code: AE

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: No
  • Minimum Lease: 2 Months
  • Approval Process: HOA approval.
  • Num Timesper Year: 4
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Application and background check required.

Tax Info

  • Tax Annual Amount: 5916.48
  • Tax Book Number: 1-1
  • Tax Lot: 5431

Multi Family

  • Waterfront Features: Beach - Public, Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2021
Closed on
Feb 28, 2022
Sold by
New Latitude Properties Llc
Bought by
Harrell Kevin M and Harrell Amy F
Seller's Agent
Eileen Gillen
COLDWELL BANKER REALTY
Buyer's Agent
Eileen Gillen
COLDWELL BANKER REALTY
List Price
$650,000
Sold Price
$650,000
Current Estimated Value
$721,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,435
Avg. Annual Appreciation
2.89%
Original Mortgage
$487,500
Outstanding Balance
$445,122
Interest Rate
2.1%
Mortgage Type
New Conventional
Estimated Equity
$276,313

Purchase Details

Listed on
Oct 1, 2020
Closed on
May 12, 2021
Sold by
Shaw Jackie L and Jackie L Shaw Trust
Bought by
New Latitude Properties Llc
Seller's Agent
Sue Carlson
AN ISLAND PLACE REALTY INC
Buyer's Agent
Eileen Gillen
COLDWELL BANKER REALTY
List Price
$575,000
Sold Price
$520,000
Premium/Discount to List
-$55,000
-9.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.72%

Purchase Details

Closed on
Nov 24, 2015
Sold by
Shaw Jackie Lynn and Shaw Jackie L
Bought by
Shaw Jackie L and Jackie L Shaw Trust

Purchase Details

Closed on
Sep 28, 2015
Sold by
Beynon Tod
Bought by
Shaw Jackie Lynn

Purchase Details

Closed on
Jan 26, 2004
Sold by
Sumner Richard E and Sumner Sandra L
Bought by
Beynon Tod and Shaw Jackie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$447,125
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 1999
Sold by
1St Union Natl Bk
Bought by
Sumner Richard E and Sumner Sandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.66%
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
Harrell Kevin M $650,000 None Listed On Document
New Latitude Properties Llc $520,000 Attorney
Shaw Jackie L -- Attorney
Shaw Jackie Lynn -- None Available
Beynon Tod $559,200 Barnes Walker Title Inc
Sumner Richard E $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harrell Kevin M $487,500
Previous Owner Beynon Tod $447,125
Previous Owner Sumner Richard E $144,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/02/2022 03/02/22 Sold $650,000 0.0% $547 / Sq Ft
01/22/2022 01/22/22 Pending -- -- --
11/27/2021 11/27/21 For Sale $650,000 +25.0% $547 / Sq Ft
05/12/2021 05/12/21 Sold $520,000 -8.0% $438 / Sq Ft View Prior Sale
12/06/2020 12/06/20 Pending -- -- --
11/19/2020 11/19/20 Price Changed $565,000 -1.7% $476 / Sq Ft
10/17/2020 10/17/20 For Sale $575,000 0.0% $484 / Sq Ft
10/14/2020 10/14/20 Pending -- -- --
10/01/2020 10/01/20 For Sale $575,000 0.0% $484 / Sq Ft
07/01/2017 07/01/17 Off Market $1,400 -- --
04/02/2017 04/02/17 Rented $1,400 -17.6% --
03/24/2017 03/24/17 For Rent $1,700 +21.4% --
03/24/2017 03/24/17 Rented $1,400 -- --
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
2025 $8,573 $514,250 -- $514,250
2024 $8,573 $556,750 -- $556,750
2023 $8,196 $518,500 $0 $518,500
2022 $6,754 $420,000 $0 $420,000
2021 $5,916 $365,000 $0 $365,000
2020 $6,439 $380,000 $0 $380,000
2019 $7,392 $448,000 $0 $448,000
2018 $6,678 $390,000 $0 $0
2017 $6,273 $382,900 $0 $0
2016 $5,837 $348,000 $0 $0
2015 $5,234 $319,000 $0 $0
2014 $5,234 $309,751 $0 $0
2013 $4,880 $284,096 $1 $284,095
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4519636

Stellar MLS

APN: 72780-0000-0