NOT LISTED FOR SALE

550 W Flamingo Dr Unit 501 Venice, FL 34285

Estimated Value: $1,415,000 - $1,686,000

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

Last Sold April 06, 2017

Last sale price $990,000 $415 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $9,704/month

1 Day on Market

Highlights

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

About This Home

As of April 2017

This beachfront top floor condo in the 30 unit Island Shores complex is awaiting a buyer that wants the space of a residential home but without the maintenance. Relax and enjoy the breezes, year round sunsets and lush landscaping below from your large tiled lanai with floor to ceiling sliders off the western facing master bedroom and living room. This end unit condo is one of the largest condos on Venice beach with 3 bedrooms, 2 balconies, interior washer/dryer, 9’ ceilings, double front doors, enclosed garage parking space and plenty of guest parking for your extra vehicle. The condo has been professionally decorated with high end furnishings and is being offered turn-key furnished. A light and bright condo with plantation shuttered windows, sliders and a skylight. Great for entertaining as the kitchen has been remodeled so it is open to the living room, dining room and gulf views. It now includes granite countertops, stainless steel appliances, wood cabinetry, 17” tile flooring, a planning desk, a breakfast eating area by the second balcony, pantry and plenty of storage. The master bath features granite counters, dual sinks, an enlarged tiled shower and jetted bath tub. Owner has added hurricane windows throughout, hurricane shutters facing gulf and a new AC in 2016. There is separate club house with a guest suite, exercise room, fireplace gathering room, dining room and outdoor heated pool and patio. No rentals allowed.

Last Agent to Sell the Property

Carole Fanelli

CENTURY 21 SCHMIDT REAL ESTATE License #3232918 Listed on: 01/18/2017

CENTURY 21 SCHMIDT REAL ESTATE

Last Buyer's Agent

John Mooney

RE/MAX ALLIANCE GROUP License #3271154

RE/MAX ALLIANCE GROUP

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,285

Year Built

  • Built in 1987

Lot Details

  • 232 Feet of Public Beach Waterfront
  • Public Beach
  • Zero Lot Line

HOA Fees

  • $650 Monthly HOA Fees

Parking

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

Property Views

  • Beach
  • Full Gulf or Ocean

Home Design

  • Entry on the 5th floor
  • Built-Up Roof
  • Block Exterior
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 2,387 Sq Ft Home
  • Open Floorplan
  • Furnished
  • High Ceiling
  • Ceiling Fan
  • Skylights
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room
  • Inside Utility

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Outdoor Shower

Outdoor Features

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

Schools

  • Venice Elementary School
  • Venice Area Middle School
  • Venice Senior High School

Utilities

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

Listing and Financial Details

  • Tax Lot 501
  • Assessor Parcel Number 0177102025

Community Details

Overview

  • Association fees include cable TV, pool, escrow reserves fund, fidelity bond, insurance, maintenance structure, ground maintenance, maintenance, pest control, private road, security, sewer, trash, water
  • $119 Other Monthly Fees
  • Www.Argusmgmt.Com 941 927 6464 Association
  • Island Shores Community
  • Island Shores Subdivision
  • On-Site Maintenance
  • 5-Story Property

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Recreation Facilities
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets up to 35 lbs
  • 1 Pet Allowed

Security

  • Security Service
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,285

Year Built

Built in 1987

Lot Details

0

HOA Fees

$650 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance, Pest Control, Private Road, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2387
  • New Construction: No
  • Year Built: 1987
  • Building Area Total: 2711
  • Directions to Property: On Venice Island... from W Venice Ave and Harbor Dr intersection...go south on Harbor Dr. to west on Gulf Drive to end at the beachfront...Island Shores on the left.
  • Status: Sold
  • Street Post Direction: W
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 0
  • Floor Number: 5
  • List Office Head Office Key Nume: 1045725
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 414.75
  • Total Acreage: Up to 10,889 Sq. Ft.
  • Water Access YN: 1
  • Other Fees Amount: 1425
  • Condo Fees Term: Quarterly
  • Property Description: End Unit,Corner Unit,Mid Rise
  • Tax Year: 2016
  • 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, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Skylight(s), Split Bedroom, Stone Counters, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 5
  • Window Features: Blinds, Skylight(s), Window Treatments
  • Street Number Modifier: 550
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Inside Utility
  • Room Count: 10

Exterior Features

  • Other Structures: Storage
  • Pool Features: Gunite, Heated, In Ground
  • Exterior Features: Sliding Doors, Balcony, Hurricane Shutters, Outdoor Shower, Storage
  • Roof: Built-Up
  • Home Warranty: No
  • Pool Private: No
  • View: Water
  • Water Body Name: GULF OF MEXICO
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Disclosures: Seller Property Disclosure
  • Water Access: Beach - Public,Gulf/Ocean
  • Water Extras YN: 0
  • Water View: Beach,Gulf/Ocean - Full
  • Water View YN: 1
  • Waterfront Feet Total: 232
  • Flood Zone Date: 2016-11-04T00:00:00.000
  • Flood Zone Panel: 12115C0329F
  • Water Frontage Feet Beach Pub: 232

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Assigned, Covered, Garage Door Opener, Guest, Secured, Underground

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Sprinkler Meter, Street Lights
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Fitness Center, Pool, Water Access, Waterfront Complex
  • Association Amenities: Elevator(s), Fitness Center, Maintenance, Recreation Facilities, Security, Storage
  • Association Name: www.argusmgmt.com 941-927-6464
  • Association: No
  • Security: Secured Garage / Parking, Smoke Detector(s)
  • Senior Community: No
  • Pet Restrictions: Owner only not guests pets
  • Association Fee Requirement: None
  • Building Name Number: ISLAND SHORES
  • Condo Fees: 1950
  • Condo Land Included YN: 0
  • Max Pet Weight: 35
  • Montly Maint Amt Addition To HOA: 0
  • Monthly Condo Fee Amount: 650
  • Pet Size: Small (16-35 Lbs.)

Fee Information

  • Other Fees Term: Annual

Schools

  • Elementary School: Venice Elementary
  • High School: Venice Senior High
  • Middle Or Junior School: Venice Area Middle

Lot Info

  • Parcel Number: 0177102025
  • Additional Parcels: No
  • Lot Features: City Limits, Zero Lot Line
  • Flood Zone Code: AE
  • Homestead YN: 0

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes

Tax Info

  • Tax Annual Amount: 11285
  • Tax Book Number: 1911-1436
  • Tax Lot: 501

Multi Family

  • Waterfront Features: Beach - Public

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2017
Closed on
Apr 6, 2017
Sold by
Lewis David R and Lewis Anne
Bought by
Welsh Clarke T and Welsh Diane E
Seller's Agent
Carole Fanelli
CENTURY 21 SCHMIDT REAL ESTATE
Buyer's Agent
John Mooney
RE/MAX ALLIANCE GROUP
List Price
$990,000
Sold Price
$990,000
Current Estimated Value
$1,551,060

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$561,060
Avg. Annual Appreciation
5.39%

Purchase Details

Closed on
Dec 7, 2007
Sold by
Donnelly James F and Starke Harold E
Bought by
Lewis David R and Lewis Anne

Purchase Details

Closed on
Oct 22, 2006
Sold by
Kanetsky Murray and Donnelly James F
Bought by
Donnelly James F and Starke Harold E

Purchase Details

Closed on
Mar 14, 2005
Sold by
Donnelly Katherine L and Donnelly Edward F
Bought by
Donnelly James F and Starke Harold E

Purchase Details

Closed on
Jul 25, 2002
Sold by
Burr Carll S and Burr Barbara
Bought by
Donnelly Edward F and Donnelly Katherine L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$702,500
Interest Rate
6.53%
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
Welsh Clarke T $990,000 Fidelity Natl Title Of Flori
Lewis David R $785,000 Attorney
Lewis David R -- Attorney
Donnelly James F -- Attorney
Donnelly James F -- --
Donnelly Edward F $850,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Donnelly Edward F $702,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2018 08/17/18 Off Market $990,000 -- --
04/06/2017 04/06/17 Sold $990,000 0.0% $415 / Sq Ft
01/20/2017 01/20/17 Pending -- -- --
01/18/2017 01/18/17 For Sale $990,000 -- $415 / 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 $11,024 $787,362 -- --
2023 $11,024 $764,429 $0 $0
2022 $11,131 $742,164 $0 $0
2021 $11,176 $720,548 $0 $0
2020 $11,233 $710,600 $0 $710,600
2019 $13,128 $824,881 $0 $0
2018 $12,911 $809,500 $0 $809,500
2017 $12,655 $744,480 $0 $0
2016 $11,285 $676,800 $0 $676,800
2015 $10,595 $658,400 $0 $658,400
2014 $9,446 $516,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carole Fanelli

    Seller's Agent in 2017

    Carole Fanelli

    CENTURY 21 SCHMIDT REAL ESTATE

    (941) 441-5671

    8 in this area

    15 Total Sales

    Carole Fanelli
    Section Image
  • John Mooney

    Buyer's Agent in 2017

    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: N5911342

Stellar MLS

APN: 0177-10-2025

Florida Sarasota County Venice 34285

550 W Flamingo Dr Unit 501, Venice, FL

This home is located at 550 W Flamingo Dr Unit 501, Venice, FL 34285 since 18 January 2017 and is currently estimated at $1,551,060, approximately $649 per square foot. This property was built in 1987. 550 W Flamingo Dr Unit 501 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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