NOT LISTED FOR SALE

551 Harbor Point Rd Longboat Key, FL 34228

Estimated Value: $5,297,898 - $7,290,000

4 Beds
6 Baths
5,067 Sq Ft
$1,212/Sq Ft Est. Value

Last Sold December 30, 2013

Last sale price $3,400,000 $671 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $36,740/month

356 Days on Market

Highlights

  • 98 Feet of Waterfront
  • Access To Intracoastal Waterway
  • Boat Lift
  • Southside Elementary School Rated A
  • Deeded Boat Dock
  • Newly Remodeled

About This Home

As of December 2013

Spectacular gated Bay Isles residence is a must-see for its extraordinary beauty and design details built in 2011. Designed by architect Cliff Scholz, builder Steve Carr and landscaping design by Michael Gilkey, not an element was missed in creating thisaesthetically breathtaking property. The gracious manse of 5000sf includes 4 en-suite bedrooms and 6 bathrooms. Egyptian limestone flooring throughout the 1st floor, complemented by custom wainscoting, distinctive cove ceilings and beautiful window treatments. The kitchen is designed not only for a culinary enthusiast, but also for warm and convivial conversation and relaxation with a combination of top-of-the-line appliances, gorgeous Carra Gold marble countertops, handsomely honed custom designed Brookhaven cabinetry, breakfast/buffet counter and inviting seating area. The upper level boasts hand-hewn Hickory hardwood floors. Generous bathrooms feature granite countertops, custom tiling and seamless glass shower enclosures. The 2 spacious terraces withwood-paneled ceilings, ceilings fans and natural sandstone flooring, are the perfect spot to enjoy the panoramic splendor of the surrounding scenery. The home also boasts multiple HVAC zones, 3 energy-efficient gas boilers for on-demand hot water, a whole-house emergency generator fueled by in-ground propane tank, Kinetico water treatment system, elevator, new boat dock system, and oversized 3 car garage. Bay Isles offers residents the finest of amenities including private beach club, golf and tennis.

Last Agent to Sell the Property

Michael Moulton

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-383-7591 License #0389959 Listed on: 11/29/2012

MICHAEL SAUNDERS & COMPANY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,468

Year Built

  • Built in 2011 | Newly Remodeled

Lot Details

  • 0.34 Acre Lot
  • 98 Feet of Waterfront
  • Property fronts a saltwater canal
  • Cul-De-Sac
  • Street terminates at a dead end
  • South Facing Home
  • Property is zoned PD

HOA Fees

  • $183 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Parking Pad

Home Design

  • Custom Home
  • Bi-Level Home
  • Slab Foundation
  • Tile Roof
  • Block Exterior

Interior Spaces

  • 5,067 Sq Ft Home
  • Elevator
  • Bar Fridge
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • Great Room
  • Family Room Off Kitchen
  • Den
  • Inside Utility
  • Canal Views

Kitchen

  • Eat-In Kitchen
  • Built-In Convection Oven
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Brick

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 6 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Fire and Smoke Detector

Pool

  • Saltwater Pool
  • Child Gate Fence
  • Pool Tile
  • Auto Pool Cleaner

Outdoor Features

  • Access To Intracoastal Waterway
  • Sailboat Water Access
  • Deeded access to the beach
  • Access to Saltwater Canal
  • Seawall
  • Boat Lift
  • Deeded Boat Dock

Schools

  • Southside Elementary School
  • Booker Middle School
  • Booker High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 45
  • Assessor Parcel Number 0009030007

Community Details

Overview

  • Bay Isles Community
  • Bay Isles Unit 1 Subdivision
  • The community has rules related to deed restrictions

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,468

Year Built

Built in 2011 | Newly Remodeled

Lot Details

0

HOA Fees

$183 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 5067
  • Lot Size Acres: 0.34
  • New Construction: Yes
  • Year Built: 2011
  • Building Area Total: 6335
  • Lot Size Sq Ft: 15000
  • Directions to Property: From south Longboat go north on Gulf of Mexico Drive to south gate of Bay Isles, Thru guard gate, 1st right, 3rd left, house on left.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Builder
  • List Office Head Office Key Nume: 1046728
  • RATIO Current Price By Calculate: 671.01
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 1
  • MFR_DockDescription: Dock - Slip Deeded On-Site
  • MFR_CommunityAssociationWaterFeatures: Water Access
  • Attribution Contact: 941-383-7591
  • Tax Year: 2012
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Brick, Wood
  • Full Bathrooms: 6
  • Interior Amenities: Ceiling Fans(s), Central Vaccum, Crown Molding, Eat-in Kitchen, Elevator, High Ceilings, Kitchen/Family Room Combo, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Bar Fridge, Built-In Oven, Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: Two
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 551
  • ResoLivingAreaSource: Builder
  • Additional Rooms: Den/Library/Office,Great Room,Inside Utility
  • Living Area Meters: 470.74
  • Room Count: 10

Exterior Features

  • Direction Faces: South
  • Pool Features: Auto Cleaner, Child Safety Fence, Heated, Salt Water, Tile
  • Roof: Tile
  • Home Warranty: No
  • Pool Private: Yes
  • View: Water
  • Waterfront: Yes
  • Disclosures: Seller Property Disclosure
  • Water Access: Beach - Access Deeded,Canal - Saltwater,Intracoastal Waterway
  • Water Extras: Lift,Sailboat Water,Seawall - Concrete
  • Water Extras YN: 1
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 98

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Parking Pad

Utilities

  • Utilities: Cable Available, Electricity Connected
  • Cooling: Central Air, Zoned
  • Heating: Zoned

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Gated
  • Association Amenities: Gated
  • Association Fee: 2200
  • Association Fee Frequency: Annually
  • Association: Yes
  • Security: Gated Community, Security System Owned, Smoke Detector(s)
  • Complex Community Name Nccb: BAY ISLES
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 2200.00
  • Total Monthly Fees: 183.33

Schools

  • Elementary School: Southside Elementary
  • High School: Booker High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: PD
  • Parcel Number: 0009030007
  • Additional Parcels: No
  • Lot Features: Cul-De-Sac, Street Dead-End
  • Homestead YN: 1
  • Zoning Compatible YN: 1
  • Future Land Use: 0100

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Expected Lease Date: 2013-12-30T00:00:00.000

Tax Info

  • Tax Annual Amount: 34468
  • Tax Book Number: 0023/0035
  • Tax Lot: 45

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2018
Sold by
Brown James Glen and Brown Valerie B
Bought by
Brown James Glen and Brown Valerie B
Current Estimated Value
$6,140,975

Purchase Details

Closed on
Jun 15, 2016
Sold by
Sobey Marsha and Mick William
Bought by
Brown James Glen and Brown Valerie B

Purchase Details

Listed on
Nov 29, 2012
Closed on
Dec 6, 2013
Sold by
Lemon J Robert and Lemon Judith E
Bought by
Sobey Marsha and Nova Haven Trust
Seller's Agent
Michael Moulton
MICHAEL SAUNDERS & COMPANY
List Price
$3,700,000
Sold Price
$3,400,000
Premium/Discount to List
-$300,000
-8.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.20%

Purchase Details

Closed on
Oct 17, 2011
Sold by
Michels Mary M
Bought by
Lemon J Robert and Lemon Judith E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 25, 2009
Sold by
American Home Mortgage Servicing Inc
Bought by
Michels Mary M and Mary M Michels Revocable Trust

Purchase Details

Closed on
May 5, 2008
Sold by
Brown Dean F and Brown Jeanine L
Bought by
American Home Mortgage Servicing Inc

Purchase Details

Closed on
Sep 28, 2005
Sold by
Hysni Nuha and Craig Adams R
Bought by
Brown Dean F and Brown Jeanine L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
1.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2005
Sold by
Hysni Nuha
Bought by
Adams R Craig and Hysni Nuha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
1.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2005
Sold by
Carlton Residences Inc
Bought by
Hysni Nuha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.57%
Mortgage Type
Balloon

Purchase Details

Closed on
Jul 2, 2001
Sold by
Bk Amer N A
Bought by
Carlton Residences Inc

Purchase Details

Closed on
Jun 29, 2001
Sold by
Davis Janice B
Bought by
Carlton Residences Inc

Purchase Details

Closed on
Sep 2, 1999
Sold by
Whitwell Josephine and Whitwell Joseph E
Bought by
Sharp Edgar E
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
Brown James Glen -- Attorney
Brown James Glen $3,700,000 None Available
Sobey Marsha $3,400,000 Attorney
Lemon J Robert $3,097,000 Alliance Group Title Llc
Michels Mary M $1,000,000 Watson Title Insurance Agenc
American Home Mortgage Servicing Inc -- Attorney
Brown Dean F $2,090,000 Diamond Title Sarasota Inc
Adams R Craig $500,000 Diamond Title Sarasota Inc
Hysni Nuha $1,700,000 Diamond Title Sarasota Inc
Carlton Residences Inc $537,500 --
Carlton Residences Inc $537,500 --
Sharp Edgar E $875,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lemon J Robert $2,000,000
Previous Owner Brown Dean F $1,500,000
Previous Owner Adams R Craig $381,000
Previous Owner Hysni Nuha $990,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2013 12/30/13 Sold $3,400,000 -4.2% $671 / Sq Ft
11/21/2013 11/21/13 Pending -- -- --
06/28/2013 06/28/13 Price Changed $3,550,000 +6.6% $701 / Sq Ft
06/27/2013 06/27/13 Price Changed $3,330,000 -7.5% $657 / Sq Ft
04/07/2013 04/07/13 Price Changed $3,600,000 -2.7% $710 / Sq Ft
11/29/2012 11/29/12 For Sale $3,700,000 -- $730 / 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 $47,987 $3,532,837 -- --
2023 $47,987 $4,181,800 $1,995,000 $2,186,800
2022 $43,605 $3,707,300 $1,874,600 $1,832,700
2021 $36,836 $2,653,000 $1,300,000 $1,353,000
2020 $37,045 $2,641,000 $1,106,700 $1,534,300
2019 $32,985 $2,345,000 $985,800 $1,359,200
2018 $37,974 $2,691,600 $1,255,500 $1,436,100
2017 $40,714 $2,838,700 $1,350,000 $1,488,700
2016 $37,124 $2,541,100 $1,000,000 $1,541,100
2015 $45,206 $3,015,600 $900,000 $2,115,600
2014 $41,568 $2,429,218 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A3969494

Stellar MLS

APN: 0009-03-0007