NOT LISTED FOR SALE

551 Putter Ln Longboat Key, FL 34228

Estimated Value: $4,710,000 - $5,077,000

4 Beds
5.5 Baths
5,300 Sq Ft
$927/Sq Ft Est. Value

Last Sold July 12, 2024

Last sale price $5,750,000 $1,085 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $28,232/month

99 Days on Market

Highlights

  • 100 Feet of Bay Harbor Waterfront
  • White Water Ocean Views
  • Access to Bay or Harbor
  • Southside Elementary School Rated A
  • Dock has access to electricity and water
  • Boat Lift

About This Home

As of July 2024

Discover a realm of unparalleled luxury as you arrive at this majestic 4BR +Office, Den, and Fitness Room/5.5BA, 5,300+/- sq. ft. property on coveted Putter Lane, a sought-after gem within the prestigious Country Club Shores on Longboat Key. The stately paver drive, adorned by lush, meticulously manicured landscaping, sets the stage for the grandeur that awaits in this 3-story haven. Elevated to capture the breathtaking surroundings, the home beckons you to follow the steps to its stately double-door entry, flanked by double garages, with tiled floors, that accommodate up to 6 cars, creating a car collector’s paradise. Upon entrance, the commitment to quality in design and style comes to life, as the architectural details, featuring sleek curves and stately columns, create an opulent ambiance that is further enhanced by walls of glass framing breathtaking views. The highlight of the residence is the soaring 2-story wall of glass that showcases one of the most spectacular views on the Suncoast, where the infinity-edge pool creates a mesmerizing backdrop where manatees and dolphins play. The floor plan is designed for entertaining, with a large circular bar seamlessly connecting the living area to the kitchen, which itself is a culinary delight, boasting stone countertops, rich wood cabinetry, two wine fridges, top-of-the-line stainless-steel appliances, and an adjacent dining area with panoramic views through walls of glass. Two primary suites, one on each floor, offer luxurious retreats with voluminous walk-in closets and spa-like bathrooms featuring dual vanities, spa tubs and separate showers. Guest accommodations are equally lavish, providing ample space and privacy. For boating enthusiasts, this direct bayfront residence is a dream come true, featuring a dock with lift, floating kayak launch, and access to the Gulf of Mexico. The expansive, elevated pool area is a tropical oasis, offering plenty of space for lounging or entertaining, all while enjoying the breathtaking water views. All the world-class boutiques and restaurants of St. Armands Circle are nearby, and the cultural attractions, shopping and dining venues of downtown Sarasota are just a short drive away.

Last Agent to Sell the Property

Bruce Myer

COLDWELL BANKER REALTY Brokerage Phone: 941-383-6411 License #0342109 Listed on: 02/21/2024

COLDWELL BANKER REALTY

Co-Listed By

Chase Myer

COLDWELL BANKER REALTY Brokerage Phone: 941-383-6411 License #3575014

Last Buyer's Agent

Bruce Myer

COLDWELL BANKER REALTY Brokerage Phone: 941-383-6411 License #0342109 Listed on: 02/21/2024

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,648

Year Built

  • Built in 2004

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 100x112
  • 100 Feet of Bay Harbor Waterfront
  • Home fronts a canal
  • Northeast Facing Home
  • Mature Landscaping
  • Irrigation
  • Landscaped with Trees
  • Property is zoned PD

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • 6 Car Attached Garage

Property Views

  • White Water Ocean
  • Canal
  • Pool

Home Design

  • Custom Home
  • Slab Foundation
  • Stem Wall Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 5,300 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Open Floorplan
  • Wet Bar
  • Bar Fridge
  • Crown Molding
  • Coffered Ceiling
  • High Ceiling
  • Ceiling Fan
  • Shades
  • Shutters
  • Blinds
  • Sliding Doors
  • Great Room
  • Den
  • High Impact Windows

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Carpet
  • Travertine

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Upstairs
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Saltwater Pool
  • Pool Deck

Outdoor Features

  • Access to Bay or Harbor
  • Deeded access to the beach
  • Property is near a marina
  • Seawall
  • Boat Lift
  • Dock has access to electricity and water
  • Open Dock
  • Balcony
  • Patio
  • Exterior Lighting
  • Outdoor Grill
  • Porch

Location

  • Property is near public transit
  • Property is near a golf course

Schools

  • Southside Elementary School
  • Pine View Middle School
  • Booker High School

Utilities

  • Central Heating and Cooling System
  • Phone Available
  • Cable TV Available

Community Details

  • Lynn Larson Association
  • Country Club Shores Community
  • Country Club Shores Sec 04 Subdivision
  • The community has rules related to deed restrictions

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,648

Year Built

Built in 2004

Lot Details

0

HOA Fees

$17 per month

Parking

6

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 5300
  • Lot Size Acres: 0.26
  • New Construction: No
  • Year Built: 2004
  • Building Area Total: 8286
  • Lot Size Sq Ft: 11247
  • Directions to Property: From N Tamiami Trail, drive from John Ringling Causeway to first exit off St. Armands Circle roundabout, and continue to Gulf of Mexico Drive. Turn right into Country Club Shores utilizing any of the 3 entrances which are currently under construction, and turn onto Bogey Lane which runs north and south, Putter Lane is the most northern of the canal streets, so turn right onto Putter Lane.
  • Status: Sold
  • Co List Office Mls Id: MFR231502433
  • Co List Office Phone: 941-383-6411
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046393
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 1084.91
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 1
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Open,Dock w/Electric,Dock w/Water Supply,Lift
  • MFR_DockYN: 1
  • MFR_CommunityAssociationWaterFeatures: Waterfront
  • Attribution Contact: 941-383-6411
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Travertine, Wood
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Coffered Ceiling(s), Crown Molding, Elevator, High Ceilings, Open Floorplan, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s), Wet Bar, Window Treatments
  • Appliances Included: Bar Fridge, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab, Stem Wall
  • Total Bedrooms: 4
  • Levels: Three Or More
  • Spa Yn: No
  • Stories: 3
  • Window Features: Blinds, Impact Glass/Storm Windows, Shades, Shutters, Window Treatments
  • Street Number Modifier: 551
  • ResoLivingAreaSource: Estimated
  • Additional Rooms: Den/Library/Office,Great Room
  • Living Area Meters: 492.39
  • Room Count: 10

Exterior Features

  • Direction Faces: Northeast
  • Pool Features: Deck, Gunite, Heated, In Ground, Salt Water
  • Exterior Features: Balcony, Irrigation System, Lighting, Outdoor Grill, Sliding Doors
  • Roof: Tile
  • Pool Private: Yes
  • View: Pool, Water
  • Water Body Name: SARASOTA BAY
  • Waterfront: Yes
  • Patio and Porch Features: Patio, Porch
  • Road Surface Type: Paved
  • Water Access: Bay/Harbor,Beach - Access Deeded
  • Water Extras: Lift,Sailboat Water,Seawall - Concrete
  • Water Extras YN: 1
  • Water View: Bay/Harbor - Full,Canal
  • Water View YN: 1
  • Waterfront Feet Total: 100
  • Water Frontage Feet Bay Harbor: 100

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 6
  • Garage Yn: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Deed Restrictions
  • Association Fee: 200
  • Association Fee Frequency: Annually
  • Association Name: Lynn Larson
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Association Fee Requirement: Optional
  • Association Email: lynnlarson@comcast.net

Fee Information

  • Total Annual Fees: 200.00
  • Total Monthly Fees: 16.67
  • Monthly HOA Amount: 16.67

Schools

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

Lot Info

  • Zoning: PD
  • Parcel Number: 0009060013
  • Additional Parcels: No
  • Lot Features: In County, Landscaped, Near Golf Course, Near Marina, Near Public Transit, Paved
  • Lot Dimensions: 100x112
  • Flood Zone Code: AE
  • Homestead YN: 1
  • Lot Size Square Meters: 1045

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Rentals allowed per Town code.

Tax Info

  • Tax Annual Amount: 24648.45
  • Tax Block: N
  • Tax Book Number: 23-23
  • Tax Lot: 6

Multi Family

  • Waterfront Features: Bay/Harbor, Canal Front
  • Approval Process: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2024
Closed on
Jul 9, 2024
Sold by
Richardson Nadine D and Witzel William C
Bought by
Michael J Lynch And Katherine M Lynch Living and Lynch
Seller's Agent
Bruce Myer
COLDWELL BANKER REALTY
Buyer's Agent
Bruce Myer
COLDWELL BANKER REALTY
List Price
$6,995,000
Sold Price
$5,750,000
Premium/Discount to List
-$1,245,000
-17.8%
Views
49
Current Estimated Value
$4,915,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$834,917
Avg. Annual Appreciation
-11.98%

Purchase Details

Closed on
Feb 19, 2021
Sold by
Witzel William C and William C Witzel 1994 Trust
Bought by
Richardson Nadine D and Nadine D Richardson Trust

Purchase Details

Closed on
Feb 28, 2007
Sold by
Hays John and Hays Judith M
Bought by
Witzel William C and The William C Witzel 1994 Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2000
Sold by
Grandle Raymond W and Grandle Mary T
Bought by
Hays John and Hays Judith M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
8.14%
Source: Public Records

Range of Values:

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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
Michael J Lynch And Katherine M Lynch Living $5,750,000 None Listed On Document
Richardson Nadine D -- Accommodation
Witzel William C $3,995,000 Attorney
Hays John $1,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Witzel William C $1,000,000
Previous Owner Hays John $800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2024 07/12/24 Sold $5,750,000 -7.3% $1,085 / Sq Ft
05/31/2024 05/31/24 Pending -- -- --
04/17/2024 04/17/24 Price Changed $6,199,500 -8.1% $1,170 / Sq Ft
03/27/2024 03/27/24 Price Changed $6,749,000 -3.5% $1,273 / Sq Ft
02/21/2024 02/21/24 For Sale $6,995,000 -- $1,320 / 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 $24,648 $1,949,393 -- --
2023 $24,648 $1,892,615 $0 $0
2022 $24,231 $1,837,490 $0 $0
2021 $24,646 $1,783,971 $0 $0
2020 $24,841 $1,759,340 $0 $0
2019 $24,063 $1,719,785 $0 $0
2018 $23,678 $1,687,718 $0 $0
2017 $23,171 $1,653,005 $0 $0
2016 $23,108 $2,626,500 $1,531,600 $1,094,900
2015 $23,546 $2,664,800 $1,613,600 $1,051,200
2014 $23,435 $1,564,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4598523

Stellar MLS

APN: 0009-06-0013