NOT LISTED FOR SALE

550 W Flamingo Dr Unit 202 Venice, FL 34285

Estimated Value: $1,191,000 - $1,408,000

3 Beds
2 Baths
2,279 Sq Ft
$667/mo HOA Fee

Last Sold September 01, 2022

Last sale price $1,240,000 $544 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,963/month

92 Days on Market

Highlights

  • Waterfront Community
  • Guest House
  • Heated In Ground Pool
  • Venice Elementary School Rated A
  • Fitness Center
  • Full Gulf or Ocean Views

About This Home

As of September 2022

Electrifying, enchanting, exceptional. Experience the epitome of classic waterfront living, showcasing shimmering panoramic views of the Gulf of Mexico. Presenting three bedrooms (third bedroom currently used as a den) and two full baths with over 2,279 square feet of unsurpassed living space. This rare gem is positioned to take full advantage of cooling breezes, water views and spectacular sunsets with a floor plan that seamlessly blends indoor and outdoor spaces. Designed to be versatile for formal entertaining or casual living, you will begin and end your day in a ravishing blend of elegance and comfort. Thoughtfully designed for all to enjoy spacious gathering areas and bedrooms offering private retreats. Enjoy preparing meals in a cook's kitchen overlooking crystalline turquoise water and soft white sand. 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. Walk steps to the 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. Included in the HOA are amenities (clubhouse, fitness center and pool), basic cable, community pool, pool maintenance, escrow reserves fund, exterior maintenance, exterior maintenance repairs, ground maintenance, pest control, recreational facilities, sewer, water 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. "It is easy to perfect the art of living when you live within a work of art."

Last Agent to Sell the Property

Dan Olson

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

PREMIER SOTHEBYS INTL REALTY

Co-Listed By

Maryanne Kurtz

PREMIER SOTHEBYS INTL REALTY License #3123134

Last Buyer's Agent

Ann Meisner

RE/MAX PALM License #3306466

RE/MAX PALM

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,489

Year Built

  • Built in 1987

Lot Details

  • Cul-De-Sac
  • Street terminates at a dead end
  • East Facing Home

HOA Fees

  • $667 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Ground Level Parking
  • Garage Door Opener
  • Guest Parking

Home Design

  • Entry on the 2nd floor
  • Slab Foundation
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,279 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Great Room
  • Combination Dining and Living Room
  • Den
  • Inside Utility
  • Full Gulf or Ocean Views

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Disposal
  • Reverse Osmosis System

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Bathtub With Separate Shower Stall
  • Shower Only

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Heated In Ground Pool
  • Enclosed Patio or Porch

Additional Homes

  • Guest House

Schools

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

Utilities

  • Central Air
  • Humidity Control
  • Heating Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, management, pest control, sewer, trash, water
  • $244 Other Monthly Fees
  • Rebekah Svoboda (Argus Prop. Mangt) Association, Phone Number (941) 927-6464
  • Mid-Rise Condominium
  • Island Shores Community
  • Island Shores Subdivision
  • The community has rules related to deed restrictions
  • 5-Story Property

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Waterfront Community
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets up to 30 lbs

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,489

Year Built

Built in 1987

Lot Details

0

HOA Fees

$667 per month

Parking

1

Listing Details

  • HOA Fee Includes: Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2279
  • New Construction: No
  • Year Built: 1987
  • Building Area Total: 2603
  • 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
  • Co List Office Mls Id: MFR284509143
  • Co List Office Phone: 941-412-3323
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 0
  • Escrow State: FL
  • Floor Number: 2
  • List Office Head Office Key Nume: 1037329
  • RATIO Current Price By Calculate: 544.10
  • Unit Number YN: 0
  • Water Access YN: 0
  • Other Fees Amount: 2930
  • Condo Fees Term: Quarterly
  • Property Description: Mid Rise
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Split Bedroom, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Kitchen Reverse Osmosis System, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 5
  • Window Features: Blinds
  • Street Number Modifier: 550
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Den/Library/Office,Inside Utility
  • Living Area Meters: 211.73
  • Room Count: 10

Exterior Features

  • Direction Faces: East
  • Other Structures: Guest House
  • Pool Features: Heated, In Ground
  • Exterior Features: Sliding Doors
  • Roof: Built-Up, Other
  • Pool Private: No
  • View: Water
  • Water Body Name: GULF OF MEXICO
  • Waterfront: No
  • Patio and Porch Features: Enclosed, Rear Porch
  • Road Surface Type: Asphalt
  • Water Extras YN: 0
  • Water View: Gulf/Ocean - Full
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2016-11-04
  • Flood Zone Panel: 12115C0329F

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Fitness Center, Pool, Waterfront
  • Association Amenities: Clubhouse, Elevator(s), Fitness Center, Pool
  • Association Name: Rebekah Svoboda (Argus Prop. Mangt)
  • Phone: 941-927-6464
  • Association: Yes
  • Security: Fire Sprinkler System, Smoke Detector(s)
  • Senior Community: No
  • Pet Restrictions: Please verify with the Condo docs or the management company!
  • Association Fee Requirement: None
  • Building Name Number: ISLAND SHORES
  • Condo Fees: 2000
  • Condo Land Included YN: 0
  • Max Pet Weight: 30
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: rebekah@argusmgmt.com
  • Monthly Condo Fee Amount: 667
  • Pet Size: Small (16-35 Lbs.)

Fee Information

  • Total Annual Fees: 10930.00
  • Total Monthly Fees: 910.83
  • Other Fees Term: Annual

Schools

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

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0177102008
  • Additional Parcels: No
  • Lot Features: Cul-De-Sac, City Limits, Street Dead-End, Paved
  • Flood Zone Code: VE
  • Homestead YN: 0
  • Lot Size Square Meters: 0
  • Zoning Compatible YN: 1

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Yes
  • Additional Lease Restrictions: Please verify with the Condo docs or the Management company!

Tax Info

  • Tax Annual Amount: 11489
  • Tax Book Number: 1911-1436
  • Tax Lot: 202

Multi Family

  • Approval Process: Must fill out application and have an interview done. Check with management company for any changes.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2022
Closed on
Sep 1, 2022
Sold by
William L Smith Revocable Trust
Bought by
Mackenzie David L and Mackenzie Jenny H
Seller's Agent
Dan Olson
PREMIER SOTHEBYS INTL REALTY
Buyer's Agent
Ann Meisner
RE/MAX PALM
List Price
$1,600,000
Sold Price
$1,240,000
Premium/Discount to List
-$360,000
-22.5%
Current Estimated Value
$1,318,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,430
Avg. Annual Appreciation
1.97%

Purchase Details

Listed on
Nov 7, 2018
Closed on
Sep 27, 2019
Sold by
Hupp Noel M and Hupp Carol E
Bought by
Smith William L and William L Smith Revocable Trus
Seller's Agent
Michelle Hupp
KELLER WILLIAMS ISLAND LIFE REAL ESTATE
Buyer's Agent
Dan Olson
PREMIER SOTHEBYS INTL REALTY
List Price
$1,000,000
Sold Price
$895,000
Premium/Discount to List
-$105,000
-10.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.77%

Purchase Details

Closed on
Feb 6, 2004
Sold by
Garrey Gordon R and Garrey Shirley A
Bought by
Hupp Noel M and Hupp Carol E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.77%

Purchase Details

Closed on
Mar 1, 1996
Sold by
Lavoie Gerard H and Lavoie Ruth E
Bought by
Garrey Gordon R and Garrey Shirley A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.97%
Source: Public Records

Range of Values:

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Average Value
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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
Mackenzie David L $1,240,000 New Title Company Name
Smith William L $895,000 First International Ttl Inc
Hupp Noel M $874,000 --
Garrey Gordon R $405,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hupp Noel M $600,000
Previous Owner Garrey Gordon R $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/01/2022 09/01/22 Sold $1,240,000 -11.4% $544 / Sq Ft
06/25/2022 06/25/22 Price Changed $1,400,000 -12.5% $614 / Sq Ft
04/08/2022 04/08/22 For Sale $1,600,000 +78.8% $702 / Sq Ft
09/27/2019 09/27/19 Sold $895,000 -7.3% $393 / Sq Ft View Prior Sale
08/05/2019 08/05/19 Pending -- -- --
04/12/2019 04/12/19 Price Changed $966,000 -3.4% $424 / Sq Ft
11/07/2018 11/07/18 For Sale $1,000,000 -- $439 / 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 $16,582 $1,174,800 -- $1,174,800
2023 $16,582 $1,089,900 $0 $1,089,900
2022 $13,328 $948,900 $0 $948,900
2021 $11,489 $699,800 $0 $699,800
2020 $10,732 $641,100 $0 $641,100
2019 $11,808 $718,700 $0 $718,700
2018 $10,633 $634,100 $0 $634,100
2017 $11,445 $666,898 $0 $0
2016 $10,209 $619,800 $0 $619,800
2015 $9,338 $580,300 $0 $580,300
2014 $8,326 $455,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: N6120540

Stellar MLS

APN: 0177-10-2008