NOT LISTED FOR SALE

550 W Flamingo Dr Unit 403 Venice, FL 34285

Estimated Value: $765,000 - $1,124,000

2 Beds
2 Baths
1,867 Sq Ft
$667/mo HOA Fee

Last Sold March 31, 2022

Last sale price $1,300,000 $696 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $6,783/month

3 Days on Market

Highlights

  • 650 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 March 2022

RARELY AVAILABLE. Welcome to Island Shores, a private and secluded beachfront mid-rise with breathtaking panoramic views, a quiet location, and boasting some of the largest beachfront condos that Venice has to offer. This fourth floor condominium includes 2 bedrooms, 2 bathrooms, a 30-foot enclosed Florida room which stretches along the back of the unit giving you impeccable views of the beach and the Gulf of Mexico, oversized wet bar, spacious living room/dining room area, has been kept meticulously maintained by the owner since purchasing it over 20 years ago, and is being sold turnkey furnished. This mature, inimitably ran community is unique, and offers secured garage spaces for residents, an abundance of parking for guests, a recently renovated clubhouse with kitchen, a gathering room, a dining room, guest suites available for nightly rentals, a fitness room, a heated pool, and your own private beach access. This property is conveniently located to shopping, entertainment, restaurants, golfing, and Historic Downtown Venice. This amazing location just cannot be beat. You do not want to miss this opportunity. Call and schedule your private showing today, this will not last long!

Last Agent to Sell the Property

Anthony Capotosto

EXIT KING REALTY License #3417327 Listed on: 03/04/2022

EXIT KING REALTY

Last Buyer's Agent

Anthony Capotosto

EXIT KING REALTY License #3417327 Listed on: 03/04/2022

EXIT KING REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,079

Year Built

  • Built in 1987

Lot Details

  • 650 Feet of Waterfront
  • Property fronts gulf or ocean
  • Private Beach
  • East Facing Home

HOA Fees

  • $667 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Guest Parking
  • Open Parking
  • Reserved Parking

Property Views

  • Beach
  • Full Gulf or Ocean

Home Design

  • Turnkey
  • Slab Foundation
  • Membrane Roofing
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,867 Sq Ft Home
  • Open Floorplan
  • Wet Bar
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Inside Utility

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Porcelain Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Water access To Gulf or Ocean
  • Deck
  • Enclosed Patio or Porch
  • Exterior Lighting
  • Outdoor Storage

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, manager, pest control, private road, sewer, trash, water
  • Argus Property Management Association, Phone Number (941) 927-6464
  • Mid-Rise Condominium
  • Island Shores Condos
  • Island Shores Community
  • Island Shores Subdivision
  • 5-Story Property

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Recreation Facilities
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed
  • Pets up to 30 lbs

Security

  • Card or Code Access
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,079

Year Built

Built in 1987

Lot Details

0

HOA Fees

$667 per month

Parking

1

Listing Details

  • HOA Fee Includes: Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Private Road, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1867
  • Lot Size Acres: 0.01
  • New Construction: No
  • Year Built: 1987
  • Building Area Total: 2185
  • Lot Size Sq Ft: 1
  • Directions to Property: South on Harbor Drive, Left on Gulf Street, Gulf Street turns into Flamingo Drive, Left Around Bend, Building on Right Side
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/N6119893?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/N6119893?w=Customer
  • Floor Number: 4
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Property Description: Mid Rise
  • Ratio: Close Price\List Price: 0.9319
  • Price per Sq Ft: 696.3
  • Close to Original List Price Ratio: 0.9319
  • Ratio: Current Price\Building Area Total: 594.97
  • View: Yes
  • Ownership: Condominium
  • Tax Year: 2021
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Porcelain Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, High Ceiling(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Walk-In Closet(s), Wet Bar
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 5
  • Window Features: Window Treatments
  • Street Number Modifier: 550
  • Room Count: 3
  • Additional Rooms: Inside Utility

Exterior Features

  • Direction Faces: East
  • Other Structures: Storage
  • Exterior Features: Lighting, Sliding Doors, Storage
  • Roof: Built-Up, Membrane
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Enclosed, Patio, 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
  • Waterfront Frontage: 650
  • Water Frontage Feet Beach Prvt: 325
  • Water Frontage Feet Gulf Ocean: 325

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • 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: Buyer Approval Required, Fitness, Pool, Water Access, Waterfront
  • Association Amenities: Clubhouse, Elevator(s), Fitness Center, Lobby Key Required, Pool, Recreation Facilities
  • Association Fee: 2000
  • Association Fee Frequency: Quarterly
  • Association Name: Argus Property Management
  • Phone: 941-927-6464
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Condo Land Included Y N: No
  • Complex Community Name NCCB: ISLAND SHORES
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 8000
  • Monthly HOA Fee: 666.67
  • Total Monthly Fees: 666.67

Lot Info

  • Zoning: R
  • Parcel Number: 0177102021
  • Additional Parcels: No
  • Flood Zone Code: VE

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: Yes
  • Max Pet Weight: 30
  • Approval Process: See HOA Docs
  • Pet Restrictions: See HOA Docs
  • Additional Lease Restrictions: See HOA Docs

Tax Info

  • Tax Annual Amount: 9079
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Beach - Private, Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2022
Closed on
Mar 31, 2022
Sold by
Patty J Shipman Trust
Bought by
Schweer Kenneth P and Schweer Melinda H
Seller's Agent
Anthony Capotosto
EXIT KING REALTY
Buyer's Agent
Anthony Capotosto
EXIT KING REALTY
List Price
$1,395,000
Sold Price
$1,300,000
Premium/Discount to List
-$95,000
-6.81%
Current Estimated Value
$1,000,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$299,300
Avg. Annual Appreciation
-7.11%

Purchase Details

Closed on
Aug 28, 2012
Sold by
Shipman Edward J and Trust Of Edward J Shipman Jr &
Bought by
Shipman Edward J and Patty J Shipman Trust B

Purchase Details

Closed on
May 18, 1995
Sold by
Shipman Edward J and Shipman Patty J
Bought by
Shipman Edward J and Shipman Patty J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,700
Interest Rate
8.35%

Purchase Details

Closed on
Apr 25, 1995
Sold by
Stevens Winifred W
Bought by
Shipman Edward J and Shipman Patty J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,700
Interest Rate
8.35%
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
Schweer Kenneth P $1,300,000 Williams Parker
Shipman Edward J -- None Available
Shipman Edward J -- --
Shipman Edward J $222,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shipman Edward J $155,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2022 03/31/22 Sold $1,300,000 -6.8% $696 / Sq Ft
03/08/2022 03/08/22 Pending -- -- --
03/04/2022 03/04/22 For Sale $1,395,000 -- $747 / 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 $10,416 $468,201 -- --
2023 $10,416 $724,464 $0 $0
2022 $10,716 $779,100 $0 $779,100
2021 $9,080 $553,200 $0 $553,200
2020 $8,416 $502,700 $0 $502,700
2019 $10,465 $636,800 $0 $636,800
2018 $9,426 $562,100 $0 $562,100
2017 $9,660 $556,651 $0 $0
2016 $8,621 $530,700 $0 $530,700
2015 $7,794 $484,300 $0 $484,300
2014 $6,950 $380,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Anthony Capotosto

    Seller's Agent in 2022

    Anthony Capotosto

    EXIT KING REALTY

    (941) 586-2819

    26 in this area

    170 Total Sales

    Anthony Capotosto
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Map

Source: Stellar MLS

MLS Number: N6119893

Stellar MLS

APN: 0177-10-2021

Florida Sarasota County Venice 34285

550 W Flamingo Dr Unit 403, Venice, FL

This home is located at 550 W Flamingo Dr Unit 403, Venice, FL 34285 since 04 March 2022 and is currently estimated at $1,000,700, approximately $535 per square foot. This property was built in 1987. 550 W Flamingo Dr Unit 403 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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