NOT LISTED FOR SALE

551 Yardarm Ln Longboat Key, FL 34228

Estimated Value: $1,847,000 - $2,063,000

3 Beds
2 Baths
1,716 Sq Ft
$1,132/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $1,245,000 $726 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $12,260/month

1 Day on Market

Highlights

  • 110 Feet of Waterfront
  • Boat Lift
  • Heated In Ground Pool
  • Southside Elementary School Rated A
  • Deeded access to the beach
  • Open Floorplan

About This Home

As of December 2020

Welcome to your new water front home in the very desirable Country club Shores located at the south end of Longboat key.
This is a true boaters Paradis with an updated private dock and a 10,000 IB boat lift with no bridges to the bay and for the beach lovers a deeded access just a few minutes walk. This single-level residence has been fully updated and transformed inside and out offering an open modern feel floor plan. The master suite is spacious and split level to the 2 guest bedrooms and bathroom , a beautiful spacious fully updated kitchen with quartz counter tops and a large island open to the living and dining area that flows to a bonus den giving lots of space for all your family to relax. Tile flooring throughout keeping the house cool and easy to maintain.
The heated pool was completely replaced just 5 Years ago and the updated Lani offers a great area to watch boaters and dolphins pass by whilst you sit sipping cocktails in this ample outside dining area.
Plenty of room in the 2 car garage to store all your Florida toys. Beautiful new landscaping watered by a new irrigation well .
This is Florida living at its finest and just a short drive to St. Armands circle which offers multiple high end restaurants and shops and a 10 minute drive to Sarasotas vibrant Downtown which hosts many theaters and the opera house.
This is the quintessential Florida lifestyle home you’ve been waiting for with to many upgrades to mention.

Last Agent to Sell the Property

Melanie Russell

QUEST PROPERTIES INC License #3284944 Listed on: 11/19/2020

Last Buyer's Agent

Melanie Russell

QUEST PROPERTIES INC License #3284944 Listed on: 11/19/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,929

Year Built

  • Built in 1967

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 110x100
  • 110 Feet of Waterfront
  • Property fronts a saltwater canal
  • North Facing Home
  • Child Gate Fence
  • Irrigation
  • Property is zoned R4SF

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Tile Roof
  • Concrete Siding
  • Stucco

Interior Spaces

  • 1,716 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room
  • Ceramic Tile Flooring
  • Canal Views
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Microwave
  • Freezer
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • Heated In Ground Pool
  • Deeded access to the beach
  • Access to Saltwater Canal
  • Seawall
  • Boat Lift
  • Screened Patio

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Water Filtration System
  • Well
  • Electric Water Heater
  • Water Softener
  • High Speed Internet
  • Cable TV Available

Community Details

  • Lynn Larson Association, Phone Number (941) 383-1660
  • Country Club Shores Community
  • Country Club Shores Sec 02 Subdivision
  • Rental Restrictions

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,929

Year Built

Built in 1967

Lot Details

0

HOA Fees

$17 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Concrete, Stucco
  • Fireplace: No
  • Living Area: 1716
  • Lot Size Acres: 0.25
  • New Construction: No
  • Year Built: 1967
  • Lot Size Sq Ft: 11014
  • Directions to Property: From St. Armands Circle go North on John Ringling Pkwy and over bridge onto Longboat Key. Follow Gulf of Mexico Drive to Country Club Shores IV entrance turn in, turn left and immediately right to Yardarm Lane.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4483602?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4483602?w=Customer
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 725.52
  • Close to Original List Price Ratio: 1
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Eating Space In Kitchen, Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Split Bedroom, Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Microwave, Refrigerator, Washer, Water Filtration System, Water Softener
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 1
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 551
  • Room Count: 7

Exterior Features

  • Direction Faces: North
  • Pool Features: Child Safety Fence, Heated, In Ground
  • Exterior Features: Fenced, Irrigation System, Sliding Doors
  • Roof: Tile
  • Pool Private: Yes
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Patio, Screened
  • Water View: Canal
  • Water Access: Beach - Access Deeded, Canal - Saltwater
  • Water Extras: Dock w/Electric, Lift, Seawall - Concrete
  • Water View Y N: Yes
  • Number Of Wells: 1
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 110
  • Water Frontage Feet Canal Salt: 110
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected
  • Cooling: Central Air
  • Heating: Central, Natural Gas
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public, Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 200
  • Association Fee Frequency: Annually
  • Association Name: lynn larson
  • Phone: 941 383 1660
  • Association: Yes
  • Security: Closed Circuit Camera(s), Security System Owned
  • Senior Community: No
  • Association Fee Requirement: Required
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 200
  • Monthly HOA Fee: 16.67
  • Total Monthly Fees: 16.67

Schools

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

Lot Info

  • Zoning: R4SF
  • Parcel Number: 0009150030
  • Additional Parcels: No
  • Lot Dimensions: 110x100
  • Flood Zone Code: AE

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: 1 Month
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: please check all town and county rules

Tax Info

  • Tax Annual Amount: 10929.44
  • Tax Block: H
  • Tax Book Number: 17-38
  • Tax Lot: 8

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2020
Closed on
Dec 18, 2020
Sold by
Kamath Sachin S
Bought by
Roach Coleman L and Roach Janice L
Seller's Agent
Melanie Russell
QUEST PROPERTIES INC
Buyer's Agent
Melanie Russell
QUEST PROPERTIES INC
List Price
$1,245,000
Sold Price
$1,245,000
Current Estimated Value
$1,942,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$697,010
Avg. Annual Appreciation
9.92%

Purchase Details

Listed on
Aug 15, 2011
Closed on
Feb 16, 2012
Sold by
Retek Henry M
Bought by
Kamath Sachin
Seller's Agent
Roger Pettingell
COLDWELL BANKER REALTY
Buyer's Agent
Marc Rasmussen
CORCORAN DWELLINGS REALTY
List Price
$592,500
Sold Price
$592,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.76%

Purchase Details

Closed on
Oct 28, 2005
Sold by
Retek Enterprises Inc
Bought by
Retek Henry M

Purchase Details

Closed on
Mar 29, 2005
Sold by
Retek Enterprises Inc
Bought by
Retek Henry M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.99%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 15, 2001
Sold by
Ancom Inv Inc
Bought by
Retak Ent Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 1998
Sold by
Hughes Barbara W and Hughes Walter T
Bought by
Ancom Inv Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.92%

Purchase Details

Closed on
Oct 15, 1996
Sold by
Hughes Walter T and Hughes Barbara W
Bought by
Hughes Water T and Hughes Barbara W
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
Roach Coleman L $1,245,000 Attorney
Kamath Sachin $592,500 Attorney
Retek Henry M -- --
Retek Henry M $708,500 --
Retak Ent Inc $625,000 --
Ancom Inv Inc $329,000 --
Hughes Water T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Retek Henry M $750,000
Previous Owner Retak Ent Inc $125,000
Previous Owner Ancom Inv Inc $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2020 12/18/20 Sold $1,245,000 0.0% $726 / Sq Ft
11/19/2020 11/19/20 Pending -- -- --
11/18/2020 11/18/20 For Sale $1,245,000 +110.1% $726 / Sq Ft
02/17/2012 02/17/12 Sold $592,500 0.0% $345 / Sq Ft
12/08/2011 12/08/11 Pending -- -- --
08/15/2011 08/15/11 For Sale $592,500 -- $345 / 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 $20,182 $1,584,326 -- --
2023 $20,182 $1,536,142 $0 $0
2022 $19,842 $1,491,400 $1,188,600 $302,800
2021 $13,969 $963,100 $738,000 $225,100
2020 $11,085 $738,900 $589,000 $149,900
2019 $10,929 $734,600 $600,000 $134,600
2018 $11,448 $769,500 $579,000 $190,500
2017 $10,985 $727,616 $0 $0
2016 $10,507 $749,000 $575,000 $174,000
2015 $9,036 $605,300 $556,400 $48,900
2014 $8,429 $495,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4483602

Stellar MLS

APN: 0009-15-0030