NOT LISTED FOR SALE

550 W Flamingo Dr Unit 2 Venice, FL 34285

Estimated Value: $499,288 - $533,000

2 Beds
2 Baths
1,028 Sq Ft
$909/mo HOA Fee

Last Sold September 14, 2022

Last sale price $580,000 $564 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $4,029/month

6 Days on Market

Highlights

  • 650 Feet of Waterfront
  • Water access To Gulf or Ocean
  • Fitness Center
  • Venice Elementary School Rated A
  • Private Beach
  • Heated In Ground Pool

About This Home

As of September 2022

If you are magnetically attracted to the ocean and sea then look no further. Start enjoying the shimmering waves of the Gulf that are clear and turquoise, the sand squishing slowly through your toes, and sunsets that are blazing with fabulous colors. Proudly presenting a unique tropical haven to enjoy all year round or as the perfect private getaway retreat. Located in Island Shores in Venice, Florida this rare opportunity 2-bedroom/2-bath condominium has been tastefully upgraded. With this unit, you will appreciate a secured, underground, assigned parking spot, additional open covered garage parking and uncovered outdoor parking. Island Shores is a secured-entry, 30-unit mid-rise complex. Steps to private beach access or soak up the rays by the outdoor heated pool overlooking the Gulf and lush tropical landscaping. The clubhouse has been tastefully renovated with a kitchen and dining room and can be reserved for hosting larger affairs. Have an overflow of guests? No worries. Exclusive to Island Shore residents is a guest suite available for nightly rental at minimal cost. Included in the HOA are amenities to include clubhouse, fitness center, pool, basic cable, community pool, pool maintenance, escrow reserves fund, exterior maintenance, exterior maintenance repairs, ground maintenance, pest control, recreational facilities, water, sewer, and trash removal. Drive, walk, bike or take a golf cart to historic downtown Venice, where you can dine, shop, attend seasonal festivals and parades or play basketball or tennis on public courts. Nearby Freedom Boat Club, Venice Art Center, Venice Theatre, Venice Performing Arts Center, fishing, golfing, houses of worship, medical facilities, schools, I-75 and U.S. 41. Be among the privileged few who call this prestigious community home.

Last Agent to Sell the Property

Dan Olson

PREMIER SOTHEBYS INTL REALTY License #3141751 Listed on: 08/04/2022

PREMIER SOTHEBYS INTL REALTY

Co-Listed By

Maryanne Kurtz

PREMIER SOTHEBYS INTL REALTY License #3123134

Last Buyer's Agent

Liz Carvalho

COLDWELL BANKER REALTY License #3476349

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,161

Year Built

  • Built in 1987

Lot Details

  • 650 Feet of Waterfront
  • Property fronts gulf or ocean
  • Private Beach
  • Public Beach
  • End Unit
  • Street terminates at a dead end
  • North Facing Home
  • Mature Landscaping
  • Landscaped with Trees

HOA Fees

  • $909 Monthly HOA Fees

Home Design

  • Custom Home
  • Turnkey
  • Slab Foundation
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,028 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • Drapes & Rods
  • Family Room Off Kitchen
  • Tile Flooring
  • Partial Bay or Harbor Views

Kitchen

  • Built-In Oven
  • Cooktop with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • 1 Carport Space
  • Common or Shared Parking
  • Ground Level Parking
  • Garage Door Opener
  • Guest Parking
  • Open Parking

Pool

  • Heated In Ground Pool
  • Gunite Pool

Outdoor Features

  • Water access To Gulf or Ocean
  • Exterior Lighting

Location

  • City Lot

Schools

  • Venice Elementary School
  • Student Leadership Academy Middle School
  • Venice Senior High School

Utilities

  • Humidity Control
  • Central Heating and Cooling System
  • Thermostat
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, maintenance structure, ground maintenance, manager, pest control, pool maintenance, recreational facilities, sewer, trash, water
  • Argus Management Association, Phone Number (941) 927-6464
  • Visit Association Website
  • Island Shores Community
  • Island Shores Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to building or community restrictions, no truck, recreational vehicles, or motorcycle parking, vehicle restrictions

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Recreation Facilities
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets up to 20 lbs
  • 1 Pet Allowed

Security

  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,161

Year Built

Built in 1987

Lot Details

0

HOA Fees

$909 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Custom
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1028
  • New Construction: No
  • Year Built: 1987
  • Building Area Total: 1028
  • Directions to Property: From Venice Ave take a left on Harbor Dr. to a right on Gulf St. follow to the end of the street it will turn into Flamingo Dr. Go left around the corner and there is plenty of guest parking by the building.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/N6122737?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/N6122737?w=Customer
  • Floor Number: 1
  • Homestead Y N: No
  • Number Of Pets: 1
  • Unit Number Y N: No
  • Other Fees Amount: 2903
  • Property Description: End Unit
  • Call Center Phone Number: 800-746-9464
  • Ratio: Close Price\List Price: 0.96667
  • Price per Sq Ft: 564.2
  • Close to Original List Price Ratio: 0.96667
  • Ratio: Current Price\Building Area Total: 564.2
  • View: No
  • Co List Office Mls Id: 284509143
  • Co List Office Phone: 941-412-3323
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), High Ceiling(s), Kitchen/Family Room Combo, Master Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Yn: No
  • Stories: 1
  • Window Features: Blinds, Drapes, Window Treatments
  • Street Number Modifier: 550
  • Room Count: 5
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: North
  • Pool Features: Gunite, Heated, In Ground
  • Exterior Features: Lighting, Sidewalk
  • Roof: Other
  • Pool Private: Yes
  • Road Frontage Type: Street Dead-End
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Road Surface Type: Paved, Asphalt
  • Water View: Gulf/Ocean - Partial
  • Water Access: Beach - Private, Beach - Public, Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0329F
  • Waterfront Frontage: 650
  • Water Frontage Feet Beach Prvt: 325
  • Water Frontage Feet Gulf Ocean: 325
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected, Fire Hydrant, Public, Sewer Connected, Water Connected
  • Cooling: Central Air, Humidity Control
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • 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, Fitness, No Truck/RV/Motorcycle Parking, Pool, Sidewalk, Special Community Restrictions, Water Access, Waterfront
  • Association Amenities: Cable TV, Clubhouse, Elevator(s), Fitness Center, Lobby Key Required, Pool, Recreation Facilities, Vehicle Restrictions
  • Association Name: Argus Management
  • Phone: 941-927-6464
  • Association: Yes
  • Senior Community: No
  • Condo Fees: 2000
  • Condo Fees Term: Quarterly
  • Other Fees Term: Annual
  • Association Website: www.argusmgmt.com
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 667
  • Association Fee Requirement: None

Fee Information

  • Total Annual Fees: 10903
  • Total Monthly Fees: 908.58

Schools

  • Elementary School: Venice Elementary
  • High School: Venice Senior High
  • Middle Or Junior School: Student Leadership Academy

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0177102032
  • Additional Parcels: No
  • Lot Features: City Lot
  • Flood Zone Code: VE
  • Flood Zone Date: 2016-11-04
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 20
  • Pet Restrictions: Please verify with Argus Management
  • Additional Lease Restrictions: There are no Rentals allowed!

Tax Info

  • Tax Annual Amount: 5161
  • Tax Book Number: 1911-1436
  • Tax Lot: C2

Multi Family

  • Waterfront Features: Beach - Private, Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2022
Closed on
Sep 14, 2022
Sold by
Minneman Archie R and Minneman Louise M
Bought by
Brann Dennis and Brann Nancy
Seller's Agent
Dan Olson
PREMIER SOTHEBYS INTL REALTY
Buyer's Agent
Liz Carvalho
COLDWELL BANKER REALTY
List Price
$600,000
Sold Price
$580,000
Premium/Discount to List
-$20,000
-3.33%
Current Estimated Value
$516,572

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$63,428
Avg. Annual Appreciation
-3.67%

Purchase Details

Listed on
Sep 18, 2012
Closed on
Dec 27, 2012
Sold by
Bankunited Na
Bought by
Minneman Archie R and Minneman Louise M
Seller's Agent
Paula Steinert
RE/MAX ALLIANCE GROUP
Buyer's Agent
Paula Steinert
RE/MAX ALLIANCE GROUP
List Price
$200,000
Sold Price
$182,500
Premium/Discount to List
-$17,500
-8.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.63%
Original Mortgage
$136,875
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2012
Sold by
Forsyth Ann G and Flanders Charles F
Bought by
Bankunited

Purchase Details

Closed on
Apr 15, 1998
Sold by
Newcomb Sandra C
Bought by
Forsyth Ann G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.14%
Source: Public Records

Range of Values:

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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
Brann Dennis $580,000 --
Minneman Archie R $182,500 Attorney
Bankunited $176,601 None Available
Forsyth Ann G $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Minneman Archie R $136,875
Previous Owner Forsyth Ann G $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/14/2022 09/14/22 Sold $580,000 -3.3% $564 / Sq Ft
08/11/2022 08/11/22 Pending -- -- --
08/04/2022 08/04/22 For Sale $600,000 +228.8% $584 / Sq Ft
12/27/2012 12/27/12 Sold $182,500 -3.9% $178 / Sq Ft View Prior Sale
11/19/2012 11/19/12 Pending -- -- --
11/12/2012 11/12/12 Price Changed $190,000 -5.0% $185 / Sq Ft
09/18/2012 09/18/12 For Sale $200,000 -- $195 / 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 $4,928 $374,678 -- --
2023 $4,928 $363,765 $0 $0
2022 $5,624 $368,200 $0 $368,200
2021 $5,161 $314,400 $0 $314,400
2020 $4,995 $298,400 $0 $298,400
2019 $3,471 $247,240 $0 $0
2018 $3,405 $242,630 $0 $0
2017 $3,357 $237,640 $0 $0
2016 $3,233 $305,700 $0 $305,700
2015 $3,189 $254,800 $0 $254,800
2014 $3,173 $208,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: N6122737

Stellar MLS

APN: 0177-10-2032