NOT LISTED FOR SALE

5420 Azure Way Sarasota, FL 34242

Estimated Value: $1,879,000 - $2,489,000

4 Beds
4.5 Baths
4,105 Sq Ft
$515/Sq Ft Est. Value

Last Sold August 03, 2023

Last sale price $2,100,000 $512 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $12,836/month

108 Days on Market

Highlights

  • 50 Feet of Salt Water Canal Waterfront
  • Dock made with concrete
  • Canal View
  • Phillippi Shores Elementary School Rated A
  • Lap Pool
  • Family Room with Fireplace

About This Home

As of August 2023

Under contract-accepting backup offers. This large Siesta Isles home on The Grand Canal a short walk to World Famous Siesta Key Beach. This 4 bedroom & 4.5 bathroom home is located on a Island on a Island, with little traffic, yet close to Siesta Beach. Ideal for entertaining large gatherings this 4,100+ sf Island Home entails all the Island Lifestyle is about. You are just a stone’s throw from the world famous powdery, white quartz sands of Siesta Beach and a short walk or bike ride to Siesta Village & its famous night life & restaurants. This high demand, prized Siesta Key location is second to none. You will enjoy the large recently remodeled kitchen with new appliances. The well-designed split plan offers flexibility and includes two oversized master bedroom suites, one on the main level and one upstairs. There is a gorgeous office with built in wood bookshelves that looks out on the Grand Canal making it an ideal spot to work from home. A bonus feature of this home is a separate en-suite bedroom with it’s own entrance which could be a suite for guests or an au pair and would serve as a wonderful artist studio. Large 2 car garage with enough space for a workshop area. The interior of the home overlooks the Tropical Pool area & Grand Canal and is perfect for entertaining large groups of friends & family.

Last Agent to Sell the Property

Dan Miller

PREFERRED SHORE LLC License #3089245 Listed on: 03/18/2023

PREFERRED SHORE LLC

Last Buyer's Agent

Jessica Bow

RE/MAX PALM License #3335189

RE/MAX PALM

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,381

Year Built

  • Built in 1978

Lot Details

  • 0.39 Acre Lot
  • 50 Feet of Salt Water Canal Waterfront
  • Property fronts a saltwater canal
  • Southwest Facing Home
  • Fenced
  • Property is zoned RSF2

HOA Fees

  • $13 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Workshop in Garage

Home Design

  • Slab Foundation
  • Metal Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 4,105 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Shelving
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Sliding Doors
  • Entrance Foyer
  • Family Room with Fireplace
  • Great Room
  • Dining Room
  • Den
  • Bonus Room
  • Canal Views

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Oven
  • Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Parquet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Bathroom
  • Walk-In Closet
  • In-Law or Guest Suite

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Lap Pool
  • In Ground Pool
  • Outdoor Shower
  • Pool Lighting

Outdoor Features

  • Access to Saltwater Canal
  • Seawall
  • Dock made with concrete
  • Balcony
  • Exterior Lighting

Schools

  • Phillippi Shores Elementary School
  • Brookside Middle School
  • Sarasota High School

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Tara Myer, President Association
  • Visit Association Website
  • Siesta Isles Community
  • Siesta Isles Subdivision
  • The community has rules related to deed restrictions

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,381

Year Built

Built in 1978

Lot Details

0

HOA Fees

$13 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 4105
  • Lot Size Acres: 0.39
  • New Construction: No
  • Year Built: 1978
  • Building Area Total: 6350
  • Lot Size Sq Ft: 17200
  • Directions to Property: Beach Rd to Beach Way Dr (across from main public beach entrance), go straight on Beach Way Dr to entrance to Siesta Isles and turn left on Cape Leyte Dr and then take your first right on Azure Way. Continue to 5420 Azure Way, home will be on the left.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1047619
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 511.57
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 1
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Family Room, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Parquet, Tile, Vinyl
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Interior Amenities: Built-in Features, Ceiling Fans(s), Central Vaccum, Eat-in Kitchen, Master Bedroom Main Floor, Solid Surface Counters, Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: Two
  • Stories: 2
  • Street Number Modifier: 5420
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Bonus Room,Interior In-Law Suite
  • Living Area Meters: 381.37
  • Room Count: 10

Exterior Features

  • Direction Faces: Southwest
  • Pool Features: In Ground, Lap, Lighting
  • Exterior Features: Balcony, Lighting, Outdoor Shower, Sliding Doors
  • Roof: Metal, Other
  • Pool Private: Yes
  • Water Body Name: GRAND CANAL
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure
  • Water Access: Canal - Saltwater
  • Water Extras: Dock - Concrete,Seawall - Concrete
  • Water Extras YN: 1
  • Water Frontage Feet Canal Salt: 50
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 50

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Workshop in Garage

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central, Electric, Wall Units / Window Unit
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Deed Restrictions
  • Association Fee: 150
  • Association Fee Frequency: Annually
  • Association Name: Tara Myer, President
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Association Fee Requirement: Optional
  • Association Email: info@siestaislesassociation.com
  • Association URL: https://www.siestaislesassociation.com/

Fee Information

  • Total Annual Fees: 150.00
  • Total Monthly Fees: 12.50
  • Monthly HOA Amount: 12.50

Schools

  • Elementary School: Phillippi Shores Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RSF2
  • Parcel Number: 0082100019
  • Additional Parcels: No
  • Fencing: Fenced
  • Flood Zone Code: AE
  • Homestead YN: 1
  • Lot Size Square Meters: 1598

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: 1 rental a month 12 times a year.

Tax Info

  • Tax Annual Amount: 19381.03
  • Tax Book Number: 14-11
  • Tax Lot: 233

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2023
Closed on
Aug 3, 2023
Sold by
Harvey Reid and Harvey Patricia
Bought by
Zaczyk Michael and Zaczyk Elizabeth
Seller's Agent
Dan Miller
PREFERRED SHORE LLC
Buyer's Agent
Jessica Bow
RE/MAX PALM
List Price
$2,195,000
Sold Price
$2,100,000
Premium/Discount to List
-$95,000
-4.33%
Views
307
Current Estimated Value
$2,114,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,912
Avg. Annual Appreciation
-1.20%

Purchase Details

Listed on
Jan 10, 2021
Closed on
May 19, 2021
Sold by
Mahadevan Selvakuniaran and Mahadevan Linda
Bought by
Harvey Reid and Harvey Patricia
Seller's Agent
Samantha Kotlik
COLDWELL BANKER REALTY
Buyer's Agent
Dan Miller
PREFERRED SHORE LLC
List Price
$1,695,000
Sold Price
$1,600,000
Premium/Discount to List
-$95,000
-5.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.09%
Original Mortgage
$1,000,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 1998
Sold by
Davis Robert E and Davis Andrea
Bought by
Mahadevan Selvakumaran and Mahadevan Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
7.11%
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
Zaczyk Michael $2,100,000 Integrity Title
Harvey Reid $1,600,000 Attorney
Mahadevan Selvakumaran $475,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Harvey Reid $1,000,000
Previous Owner Mahadevan Selvakumaran $380,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2023 08/03/23 Sold $2,100,000 -4.3% $512 / Sq Ft
07/05/2023 07/05/23 Pending -- -- --
06/27/2023 06/27/23 For Sale $2,195,000 0.0% $535 / Sq Ft
05/28/2023 05/28/23 Pending -- -- --
05/11/2023 05/11/23 Price Changed $2,195,000 -4.4% $535 / Sq Ft
04/27/2023 04/27/23 Price Changed $2,295,000 -4.2% $559 / Sq Ft
04/13/2023 04/13/23 Price Changed $2,395,000 -4.2% $583 / Sq Ft
03/18/2023 03/18/23 For Sale $2,500,000 +56.3% $609 / Sq Ft
05/19/2021 05/19/21 Sold $1,600,000 0.0% $390 / Sq Ft
03/29/2021 03/29/21 Pending -- -- --
03/23/2021 03/23/21 Off Market $1,600,000 -- --
03/23/2021 03/23/21 Price Changed $1,695,000 0.0% $413 / Sq Ft
03/23/2021 03/23/21 For Sale $1,695,000 +5.9% $413 / Sq Ft
02/18/2021 02/18/21 Off Market $1,600,000 -- --
02/08/2021 02/08/21 Pending -- -- --
01/10/2021 01/10/21 For Sale $1,750,000 -- $426 / 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 $19,847 $1,657,600 $1,072,400 $585,200
2023 $19,847 $1,655,931 $0 $0
2022 $19,381 $1,607,700 $1,017,400 $590,300
2021 $9,173 $721,371 $0 $0
2020 $9,219 $711,411 $0 $0
2019 $8,950 $695,416 $0 $0
2018 $8,779 $682,449 $0 $0
2017 $8,746 $668,412 $0 $0
2016 $8,739 $917,200 $514,500 $402,700
2015 $8,900 $713,000 $361,600 $351,400
2014 $8,871 $635,422 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4563356

Stellar MLS

APN: 0082-10-0019