NOT LISTED FOR SALE

550 W Flamingo Dr Unit 201 Venice, FL 34285

Estimated Value: $1,493,000 - $1,772,000

3 Beds
2 Baths
2,387 Sq Ft
$650/mo HOA Fee

Last Sold May 21, 2018

Last sale price $1,225,000 $513 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $10,421/month

4 Days on Market

Highlights

  • 702 Feet of Waterfront
  • Beach View
  • Private Beach
  • Venice Elementary School Rated A
  • Water access To Gulf or Ocean
  • Fitness Center

About This Home

As of May 2018

Discover absolute perfection in this stunning home with striking panoramic Gulf views. Expertly updated and very tastefully turnkey furnished, this home feels brand-new from floor to ceiling. This coastal and contemporary end-unit features a full kitchen with granite counters, all stainless appliances, both an island and breakfast bar for seating and a closet pantry. Open to the large living room, the space is bright and allows for gorgeous views of the beach. The master suite also offers full Gulf views and features a walk-in closet, electric blinds and a luxurious en-suite bath with dual sinks, a soaking tub and walk-in shower. The second and third bedrooms add space for family and guests. The third bedroom, currently used as a den, has two full-sized Murphy beds and makes excellent flex space. This room also offers a balcony with both beach and city views. An enviable Florida room stretches over thirty feet along the front of this home and offers additional seating space to enjoy amazing beach sunsets. Additionally, an in-unit laundry with full-sized washer and dryer adds convenience. The well-manicured Island Shores community is as unique and superior as this home, offering both secured garage space for residents and abundant covered parking for guests, a newly renovated clubhouse with kitchen and a guest suite available for rent to guests, fitness room, pool, private beach access and more. Please be sure to request the feature sheet for a full list of all the unique qualities of this home.

Last Agent to Sell the Property

Beth Sargent

PREMIER SOTHEBYS INTL REALTY License #3152839 Listed on: 03/19/2018

PREMIER SOTHEBYS INTL REALTY

Co-Listed By

Richard Bradway

PREMIER SOTHEBYS INTL REALTY License #008914

Last Buyer's Agent

John Mooney

RE/MAX ALLIANCE GROUP License #3271154

RE/MAX ALLIANCE GROUP

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,166

Year Built

  • Built in 1987

Lot Details

  • 702 Feet of Waterfront
  • Property fronts gulf or ocean
  • Private Beach
  • End Unit

HOA Fees

  • $650 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Secured Garage or Parking
  • Guest Parking
  • Open Parking

Property Views

  • Beach
  • Full Gulf or Ocean

Home Design

  • Built-Up Roof
  • Block Exterior
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 2,387 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Tray Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Entrance Foyer
  • Breakfast Room
  • Inside Utility

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Pool

  • Heated In Ground Pool
  • Gunite Pool

Outdoor Features

  • Water access To Gulf or Ocean
  • Balcony
  • Deck
  • Covered Patio or Porch

Location

  • City Lot

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, insurance, maintenance structure, ground maintenance, manager, pest control, recreational facilities, sewer, water
  • Argus Management Dylan Clements Association
  • Mid-Rise Condominium
  • Island Shores Community
  • Island Shores Subdivision
  • The community has rules related to deed restrictions
  • 5-Story Property

Amenities

  • Elevator

Recreation

  • Recreation Facilities
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets up to 20 lbs
  • 1 Pet Allowed

Security

  • Storm Windows
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,166

Year Built

Built in 1987

Lot Details

0

HOA Fees

$650 per month

Parking

1

Listing Details

  • HOA Fee Includes: Community Pool, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Recreational Facilities, Sewer, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Other
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2387
  • New Construction: No
  • Year Built: 1987
  • Building Area Total: 2711
  • Directions to Property: From West Venice Ave, take Harbor Drive south to right on Gulf Street. Continue on Gulf all the way and it will turn into W Flamingo Drive. Continue all the way to the end of the road and Island Shores will be on the left.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=N5916880&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=N5916880&cview=true&show_results=true&customer_portal=true
  • Floor Number: 2
  • Homestead Y N: No
  • Number Of Pets: 1
  • Home Warranty Y N: No
  • Property Description: End Unit, Mid Rise
  • Call Center Phone Number: 941-364-4014
  • Ratio: Close Price\List Price: 0.98
  • Price per Sq Ft: 513.2
  • Close to Original List Price Ratio: 0.98
  • Ratio: Current Price\Building Area Total: 451.86
  • View: Yes
  • Co List Office Mls Id: 284509143
  • Co List Office Phone: 941-412-3323
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, Open Floorplan, Split Bedroom, Stone Counters, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Microwave Hood, Oven, Range, Refrigerator, Washer
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 5
  • Window Features: Blinds, Window Treatments, Storm Window(s)
  • Street Number Modifier: 550
  • Room Count: 9
  • Additional Rooms: Breakfast Room Separate, Foyer, Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: Gunite, Heated, In Ground
  • Exterior Features: Balcony, Sliding Doors
  • Roof: Built-Up
  • Pool Private: No
  • View: Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch, Screened
  • Road Surface Type: Paved
  • Water View: Beach, Gulf/Ocean - Full
  • Water Access: Beach - Private, Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0329F
  • Waterfront Frontage: 702
  • Water Frontage Feet Beach Prvt: 234
  • Water Frontage Feet Gulf Ocean: 234
  • Water Frontage Feet Ocean 2 Bay: 234
  • Disclosures: Condominium Disclosure Available

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Assigned, Covered, Garage Door Opener, Guest, Secured, Underground
  • Covered Parking Spaces: 1
  • Open Parking: Yes

Utilities

  • Utilities: Cable Available
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Fitness, Pool, Waterfront Complex
  • Association Amenities: Elevator(s), Fitness Center, Recreation Facilities
  • Association Fee: 1950
  • Association Fee Frequency: Quarterly
  • Association Name: Argus Management - Dylan Clements
  • Association: Yes
  • Security: Fire Sprinkler System, Secured Garage/Parking, Smoke Detector(s), Fire/Smoke Detection Integration
  • Senior Community: No
  • Condo Land Included Y N: No
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 7800
  • Monthly HOA Fee: 650
  • Total Monthly Fees: 650

Lot Info

  • Parcel Number: 0177102007
  • Additional Parcels: No
  • Lot Features: City Lot, In County
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 20
  • Pet Restrictions: See rules and regulations.

Tax Info

  • Tax Annual Amount: 12166
  • Tax Book Number: 1911-1436
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Beach - Private, Gulf/Ocean, Gulf/Ocean to Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2018
Closed on
May 21, 2018
Sold by
Kohls Charlene R
Bought by
Binder Fredrick W and Binder Karen D
Seller's Agent
Beth Sargent
PREMIER SOTHEBYS INTL REALTY
Buyer's Agent
John Mooney
RE/MAX ALLIANCE GROUP
List Price
$1,250,000
Sold Price
$1,225,000
Premium/Discount to List
-$25,000
-2%
Current Estimated Value
$1,654,112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$429,112
Avg. Annual Appreciation
4.12%
Original Mortgage
$900,000
Outstanding Balance
$762,942
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$891,170

Purchase Details

Closed on
Jan 27, 2015
Sold by
Showalter Jeffrey L and Showwalter Mary J
Bought by
Kohls Charlene R

Purchase Details

Closed on
Feb 7, 2006
Sold by
Tuttle Robert E
Bought by
Showalter Jeffrey L and Showalter Mary J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000
Interest Rate
9%
Mortgage Type
Seller Take Back
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
Binder Fredrick W $1,225,000 Attorney
Kohls Charlene R $870,000 Attorney
Showalter Jeffrey L $750,000 Associated Title Of Englewoo
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Binder Fredrick W $900,000
Previous Owner Showalter Jeffrey L $3,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2018 05/21/18 Sold $1,225,000 -2.0% $513 / Sq Ft
03/24/2018 03/24/18 Pending -- -- --
03/19/2018 03/19/18 For Sale $1,250,000 -- $524 / 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 $13,156 $858,760 -- --
2023 $13,156 $904,548 $0 $0
2022 $11,966 $794,804 $0 $0
2021 $12,015 $771,654 $0 $0
2020 $12,077 $761,000 $0 $761,000
2019 $12,811 $805,911 $0 $0
2018 $13,755 $861,900 $0 $861,900
2017 $12,166 $718,500 $0 $718,500
2016 $10,793 $647,300 $0 $647,300
2015 $9,399 $584,100 $0 $584,100
2014 $8,381 $458,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Beth Sargent

    Seller's Agent in 2018

    Beth Sargent

    PREMIER SOTHEBYS INTL REALTY

    (941) 716-1277

    1 in this area

    63 Total Sales

    Beth Sargent
    Section Image
  • Richard Bradway

    Seller Co-Listing Agent in 2018

    Richard Bradway

    PREMIER SOTHEBYS INTL REALTY

    (941) 412-3179

    Richard Bradway
    Section Image
  • John Mooney

    Buyer's Agent in 2018

    John Mooney

    RE/MAX

    (941) 587-9276

    2 in this area

    10 Total Sales

    John Mooney
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: N5916880

Stellar MLS

APN: 0177-10-2007

Florida Sarasota County Venice 34285

550 W Flamingo Dr Unit 201, Venice, FL

This home is located at 550 W Flamingo Dr Unit 201, Venice, FL 34285 since 19 March 2018 and is currently estimated at $1,654,112, approximately $692 per square foot. This property was built in 1987. 550 W Flamingo Dr Unit 201 is a home located in Sarasota County with nearby schools including Venice Elementary School, Venice Middle School, and Venice High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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