NOT LISTED FOR SALE

550 Norton St Longboat Key, FL 34228

Estimated Value: $2,212,000 - $2,825,000

3 Beds
5 Baths
3,611 Sq Ft
$720/Sq Ft Est. Value

Last Sold July 14, 2022

Last sale price $2,800,000 $775 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $16,668/month

125 Days on Market

Highlights

  • 80 Feet of Salt Water Canal Waterfront
  • Dock made with wood
  • Boat Lift
  • Beach Access
  • Boat Slip Deeded
  • Screened Pool

About This Home

As of July 2022

Nestled on the idyllic barrier island of Longboat Key, this three-story waterfront home encompasses luxurious appointments through-out its 4,484 sq. ft. of air-conditioned space. Offering three bedrooms, three full baths, two half baths, an office, game room and home gym in a well-designed floor plan with an inviting, tropical ambiance. The exterior spaces offer true indoor-outdoor resort living — with over 1,600 square feet of outdoor recreation spaces including two travertine-paved verandas, a two-story screened pool enclosure, a summer kitchen with grill, a stylish poolside wet bar, a sparkling heated saltwater pool and spa with PebbleTec finish. Your guests will love meandering along the lushly landscaped, lit walkways with swaying palms as they head to the expansive 55-foot-long dock with electricity, water, kayak storage, a 12,000-pound boat lift and Jet Ski lift on the beautiful turquoise waters leading to Sarasota Bay. Only a very short distance to the ICW and another mile to the open waters of the Gulf of Mexico with no fixed bridges. You will be amazed with the plentiful fishing right off your dock. After a lovely day pool-side or on the boat, head indoors to the bottom-floor space with 878 finished square feet of recreation space, complete with a recreation/game room and home gym with state-of-the-art equipment and rubber flooring, along with a full bath and steam shower, all opening out to your pool. The airy interior on the main level is perfect for enjoying tropical water views with 10-foot high sliding glass doors that bathe the great room in natural light. The room’s built-in shelving, bamboo flooring, dry bar, low-voltage designer lighting, gorgeous tongue & groove wood ceiling and gas fireplace makes this a special place for entertaining. The formal dining area with a bay window and the sleek European-styled kitchen complete the heart of the main level. Fit for a chef, the gourmet kitchen highlights exotic granite and stainless countertops, a stainless steel backsplash, Fisher & Paykel dishwasher drawers and high-quality Gaggenau and Sub-Zero appliances including a gas cook-top, wine chiller and steam oven. Owners can reset and restore in the private, third-floor master suite, boasting a wet bar with sink and refrigerator, an enviable master closet with copious built-ins, a sumptuous master bath with jetted tub and walk-in shower, plus his and her vanities along with stunning treetop views from the 230-square-foot private terrace. The adjoining home office offers extensive high-quality built-ins. Other amenities include: crown molding, stainless steel stair railings, plantation shutters, interior fire-sprinklers, whole-house automatic switching 25KW generator, hurricane shutters, extensive storage, surround sound through-out the house and pool areas, 8 ft interior doors, energy-efficient Icynene insulation in Attic, central vacuum system, concrete slab floors on each level, large laundry room with built-ins and a pre-planned elevator shaft. Sleepy Lagoon neighborhood offers deeded beach access only 3 blocks away! Truly a must see property.

Last Agent to Sell the Property

Kathleen Wingate

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3339434 Listed on: 02/08/2022

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Co-Listed By

Steve Branham

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3433820

Last Buyer's Agent

Bruce Myer

COLDWELL BANKER REALTY License #0342109

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,672

Year Built

  • Built in 2002

Lot Details

  • 9,840 Sq Ft Lot
  • Lot Dimensions are 80x123
  • 80 Feet of Salt Water Canal Waterfront
  • Property fronts a saltwater canal
  • Street terminates at a dead end
  • Northwest Facing Home
  • Vinyl Fence
  • Mature Landscaping
  • Level Lot
  • Metered Sprinkler System
  • Property is zoned R4SF

HOA Fees

  • $2 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Split Garage
  • Workshop in Garage
  • Ground Level Parking
  • Tandem Parking
  • Garage Door Opener
  • Circular Driveway
  • Secured Garage or Parking
  • Parking Garage Space
  • Off-Street Parking
  • Golf Cart Parking

Property Views

  • Woods
  • Canal
  • Pool

Home Design

  • Contemporary Architecture
  • Florida Architecture
  • Elevated Home
  • Slab Foundation
  • Wood Frame Construction
  • Tile Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,611 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Shelving
  • Bar Fridge
  • Crown Molding
  • Tray Ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • Non-Wood Burning Fireplace
  • Gas Fireplace
  • Awning
  • Shutters
  • Blinds
  • Sliding Doors
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Bonus Room
  • Inside Utility
  • Home Gym

Kitchen

  • Eat-In Kitchen
  • Built-In Convection Oven
  • Indoor Grill
  • Cooktop with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Bamboo
  • Travertine

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector
  • Fire Sprinkler System

Pool

  • Screened Pool
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Saltwater Pool
  • Fence Around Pool
  • Outdoor Shower
  • Auto Pool Cleaner
  • Pool Lighting

Outdoor Features

  • Beach Access
  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Deeded access to the beach
  • No Fixed Bridges
  • Access to Saltwater Canal
  • Dock has access to water
  • Boat Lift
  • Boat Slip Deeded
  • Dock made with wood
  • Balcony
  • Enclosed Patio or Porch
  • Outdoor Kitchen
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters

Location

  • Flood Zone Lot
  • Flood Insurance May Be Required

Schools

  • Anna Maria Elementary School
  • Martha B. King Middle School
  • Bayshore High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Thermostat
  • Propane
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Sleepy Lagoon Community
  • Sleepy Lagoon Park 2 Subdivision

Recreation

  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,672

Year Built

Built in 2002

Lot Details

0

HOA Fees

$2 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary, Elevated, Florida
  • Construction Materials: Block, Concrete, Stucco, Wood Frame
  • Fireplace: Yes
  • Living Area: 3611
  • Lot Size Acres: 0.23
  • New Construction: No
  • Year Built: 2002
  • Building Area Total: 6290
  • Lot Size Sq Ft: 9840
  • Status: Sold
  • Co List Office Mls Id: MFR281521124
  • Co List Office Phone: 941-383-2500
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Appraiser
  • Building Area Total Srch Sq M: 584.36
  • Escrow State: FL
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 775.41
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 1
  • Planned Unit Development Yn: 0
  • Property Description: Elevated
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Gas, Living Room, Non Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Bamboo, Travertine
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Interior Amenities: Built-in Features, Ceiling Fans(s), Central Vaccum, Crown Molding, Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar, Window Treatments
  • Appliances Included: Bar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Indoor Grill, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: Three Or More
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 2
  • Window Features: Blinds, Shutters
  • ResoLivingAreaSource: Appraiser
  • Additional Rooms: Bonus Room,Den/Library/Office,Great Room,Inside Utility
  • Living Area Meters: 335.47

Exterior Features

  • Direction Faces: Northwest
  • Other Structures: Outdoor Kitchen
  • Pool Features: Auto Cleaner, Gunite, Heated, In Ground, Lighting, Salt Water, Screen Enclosure
  • Exterior Features: Awning(s), Balcony, Hurricane Shutters, Irrigation System, Lighting, Outdoor Grill, Outdoor Kitchen, Outdoor Shower, Rain Gutters, Sliding Doors, Sprinkler Metered
  • Roof: Tile
  • Home Warranty: No
  • Pool Private: Yes
  • View: Pool, Trees/Woods, Water
  • Water Body Name: INTRACOASTAL WATERWAY
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Enclosed, Front Porch, Rear Porch, Screened
  • Road Surface Type: Asphalt
  • Disclosures: Seller Property Disclosure
  • Water Access: Bay/Harbor,Beach,Beach - Access Deeded,Canal - Saltwater,Gulf/Ocean,Intracoastal Waterway
  • Water Extras: Bridges - No Fixed Bridges,Dock - Slip Deeded On-Site,Dock - Wood,Dock w/Electric,Dock w/Water Supply,Lift,Sailboat Water
  • Water Frontage Feet Canal Salt: 80
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 80
  • Flood Zone Panel: 1208C0291F
  • Additional Water Information: 3 minutes to the ICW then 1 mile north in ICW to Longboat Pass (not a fixed bridge) to the Gulf of Mexico

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Driveway, Garage Door Opener, Golf Cart Parking, Ground Level, Off Street, Split Garage, Tandem, Under Building, Workshop in Garage

Utilities

  • Utilities: Cable Available, Electricity Connected, Propane, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric, Heat Pump
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Fishing, Water Access, Waterfront
  • Association Fee: 25
  • Association Fee Frequency: Annually
  • Association: Yes
  • Security: Fire Alarm, Fire Sprinkler System, Secured Garage / Parking, Security System Owned, Smoke Detector(s)
  • Senior Community: No
  • Association Approval Required YN: 0
  • Pet Restrictions: None
  • Association Fee Requirement: Optional

Fee Information

  • Total Annual Fees: 25.00
  • Total Monthly Fees: 2.08
  • Monthly HOA Amount: 2.08

Schools

  • Elementary School: Anna Maria Elementary
  • High School: Bayshore High
  • Middle Or Junior School: Martha B. King Middle

Lot Info

  • Zoning: R4SF
  • Parcel Number: 7868000006
  • Additional Parcels: No
  • Fencing: Vinyl
  • Lot Features: Flood Insurance Required, FloodZone, City Limits, Level, Street Dead-End, Paved
  • Lot Dimensions: 80x123
  • Property Attached Yn: No
  • Flood Zone Code: AE

Rental Info

  • Furnished: Negotiable
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: County and Town of Longboat Key require 30 day minimum lease

Tax Info

  • Tax Annual Amount: 11672
  • Tax Book Number: 7,-81,
  • Tax Lot: 15B

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2022
Closed on
Jul 14, 2022
Sold by
Dooley William R and Dooley Meike
Bought by
E Belinda Bauer Living Trust
Seller's Agent
Kathleen Wingate
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Bruce Myer
COLDWELL BANKER REALTY
List Price
$2,995,000
Sold Price
$2,800,000
Premium/Discount to List
-$195,000
-6.51%
Current Estimated Value
$2,598,530

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$201,470
Avg. Annual Appreciation
-2.12%

Purchase Details

Closed on
Apr 10, 2002
Sold by
Dooley & Mack Constructors Inc
Bought by
Meike Dooley William R and Meike Hussmanns

Purchase Details

Closed on
May 31, 2001
Sold by
Reynolds William Greg and Reynolds Sherri T
Bought by
Dooley & Mack Const Inc
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
E Belinda Bauer Living Trust $2,800,000 Richard D Saba Pa
Meike Dooley William R $217,400 --
Dooley & Mack Const Inc $170,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2022 07/14/22 Sold $2,800,000 -6.5% $775 / Sq Ft
06/13/2022 06/13/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $2,995,000 0.0% $829 / Sq Ft
03/16/2022 03/16/22 Pending -- -- --
03/09/2022 03/09/22 For Sale $2,995,000 0.0% $829 / Sq Ft
02/13/2022 02/13/22 Pending -- -- --
02/08/2022 02/08/22 For Sale $2,995,000 -- $829 / 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
2025 $36,942 $2,261,573 $680,000 $1,581,573
2023 $35,799 $2,305,086 $510,000 $1,795,086
2022 $11,528 $746,975 $0 $0
2021 $11,205 $725,218 $0 $0
2020 $11,611 $715,205 $0 $0
2019 $11,413 $699,125 $0 $0
2018 $11,340 $686,089 $0 $0
2017 $10,231 $671,977 $0 $0
2016 $10,234 $658,156 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4524702

Stellar MLS

APN: 78680-0000-6