NOT LISTED FOR SALE

554 Golden Gate Point Unit 2 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $805,000 - $1,043,260

1 Bed
1 Bath
680 Sq Ft
$500/mo HOA Fee

Last Sold August 16, 2019

Last sale price $300,000 $441 Per Sq Ft

Est. 205% increase in value since last sale

Current estimated payment $5,742/month

208 Days on Market

Highlights

  • 660 Feet of Waterfront
  • Boat Dock
  • Fishing
  • Southside Elementary School Rated A
  • Access To Intracoastal Waterway
  • Full Bay or Harbor Views

About This Home

As of August 2019

INVESTOR OPPORTUNIY!! SITUATED ON 660 FEET OF WATERFRONT PROPERTY OVERLOOKING LITTLE SARASOTA BAY AND THE CITY SKYLINE. This 1948 built complex is comprised of 51 units and has had 3 offers from developers to date. Live on this amazing property or rent while you wait for the next offer. Boat slips are currently available up to 30’ on a first come basis for $3.25 a foot annually.

Last Agent to Sell the Property

Charlotte Hedge

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #0580252 Listed on: 12/14/2018

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Charlotte Hedge

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #0580252 Listed on: 12/14/2018

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,146

Year Built

  • Built in 1958

Lot Details

  • 660 Feet of Waterfront
  • Property Fronts a Bay or Harbor
  • South Facing Home
  • Mature Landscaping
  • Irrigation

HOA Fees

  • $500 Monthly HOA Fees

Property Views

  • Full Bay or Harbor
  • Park or Greenbelt

Home Design

  • Florida Architecture
  • Slab Foundation
  • Metal Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 680 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Dry Bar
  • Ceiling Fan
  • Blinds
  • Storage Room
  • Laundry Located Outside

Kitchen

  • Range
  • Disposal

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • Off-Street Parking
  • Reserved Parking
  • Assigned Parking

Outdoor Features

  • Access To Intracoastal Waterway
  • Access to Bay or Harbor
  • First Come-First Served Dock
  • Dock has access to water

Location

  • City Lot

Schools

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

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, manager, pest control, pool maintenance, sewer, trash, water
  • Tuttle Enterprises Association, Phone Number (941) 321-3587
  • Mid-Rise Condominium
  • Golden Gate Point Community
  • Pier 550 Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions, vehicle restrictions
  • Rental Restrictions

Amenities

  • Laundry Facilities

Recreation

  • Boat Dock
  • Community Boat Slip
  • Community Pool
  • Fishing

Pet Policy

  • Pets up to 30 lbs
  • 1 Pet Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,146

Year Built

Built in 1958

Lot Details

0

HOA Fees

$500 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Florida
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 680
  • New Construction: No
  • Year Built: 1958
  • Building Area Total: 680
  • Directions to Property: Gulfstream to Golden Gate Left to Pier 550 on Left hand side. Last street on south before going over Ringling Causeway Bridge
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4421076&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4421076&cview=true&show_results=true&customer_portal=true
  • Floor Number: 2
  • Homestead Y N: No
  • Number Of Pets: 1
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Subdivision Num: 7383
  • Property Description: Mid Rise
  • Ratio: Close Price\List Price: 0.92308
  • Price per Sq Ft: 441.18
  • Close to Original List Price Ratio: 0.71446
  • Ratio: Current Price\Building Area Total: 441.18
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile, Vinyl
  • Full Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Dry Bar, Open Floorplan, Thermostat
  • Appliances Included: Disposal, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 1
  • Levels: One
  • Stories: 2
  • Window Features: Blinds
  • Street Number Modifier: 554
  • Room Count: 4
  • Additional Rooms: Storage Rooms
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: South
  • Exterior Features: Irrigation System, Sidewalk
  • Roof: Metal
  • Pool Private: No
  • View: Greenbelt, Water
  • Water Body Name: Sarasota Bay
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water View: Bay/Harbor - Partial
  • Water Access: Bay/Harbor, Intracoastal Waterway
  • Water Extras: Dock - Slip 1st Come, Dock w/Electric, Dock w/Water Supply
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12115c0133
  • Waterfront Frontage: 660
  • Additional Water Information: Boat slips are available for $3.00 per foot per month. 26 foot max. 1st come, first served
  • Water Frontage Feet Bay Harbor: 660
  • Disclosures: Condominium Disclosure Available, Lead Paint

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Assigned, Off Street, Reserved
  • Open Parking: No

Utilities

  • Utilities: Public, Sewer Connected, Underground Utilities
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fishing, Pool, Sidewalk, Water Access, Waterfront
  • Association Amenities: Boat Slip, Cable TV, Boat Dock, Laundry, Maintenance, Pool, Vehicle Restrictions
  • Association Name: Tuttle Enterprises
  • Phone: 941-321-3587
  • Association: Yes
  • Senior Community: No
  • Condo Fees: 1500
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 500
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 6000
  • Total Monthly Fees: 500

Schools

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

Lot Info

  • Zoning: RMF5
  • Parcel Number: 2010082043
  • Additional Parcels: No
  • Lot Features: City Lot, Sidewalk
  • Property Attached Yn: Yes
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 30
  • Minimum Lease: 1 Month
  • Approval Process: Application & Background Check
  • Num Timesper Year: 12
  • Pet Restrictions: No uninsurable breeds
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Verify with HOA

Tax Info

  • Tax Annual Amount: 5146
  • Tax Book Number: 1245-1521
  • Tax Lot: 2

Multi Family

  • Waterfront Features: Bay/Harbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2024
Sold by
Nersten Keith
Bought by
Wsr-550 Llc
Current Estimated Value
$914,815

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Outstanding Balance
$5,780
Interest Rate
6.11%
Mortgage Type
Credit Line Revolving
Estimated Equity
$909,035

Purchase Details

Listed on
Dec 14, 2018
Closed on
Aug 8, 2019
Sold by
Ggprn Llc
Bought by
Nersten Keith
Seller's Agent
Charlotte Hedge
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Charlotte Hedge
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$419,900
Sold Price
$300,000
Premium/Discount to List
-$119,900
-28.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.98%
Original Mortgage
$270,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 2007
Sold by
Handelan Marina
Bought by
Papini Ronald and Marina Handelan Trust

Purchase Details

Closed on
Feb 24, 1999
Sold by
Handelan Daniel H
Bought by
Handelan Marina
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
Wsr-550 Llc $1,155,000 None Listed On Document
Wsr-550 Llc $1,155,000 None Listed On Document
Nersten Keith $300,000 Attorney
Papini Ronald -- Attorney
Handelan Marina $28,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wsr-550 Llc $10,000
Closed Wsr-550 Llc $10,000
Previous Owner Nersten Keith $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2019 08/16/19 Sold $300,000 -7.7% $441 / Sq Ft
07/10/2019 07/10/19 Pending -- -- --
06/27/2019 06/27/19 Price Changed $325,000 -7.1% $478 / Sq Ft
05/07/2019 05/07/19 Price Changed $349,900 -2.8% $515 / Sq Ft
04/12/2019 04/12/19 Price Changed $359,999 -10.0% $529 / Sq Ft
02/12/2019 02/12/19 Price Changed $399,999 -4.7% $588 / Sq Ft
12/14/2018 12/14/18 For Sale $419,900 -- $618 / 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 $4,480 $316,782 -- --
2023 $4,480 $307,555 $0 $0
2022 $4,407 $298,597 $0 $0
2021 $4,438 $289,900 $0 $289,900
2020 $4,858 $267,800 $0 $267,800
2019 $5,763 $329,800 $0 $329,800
2018 $5,146 $285,900 $0 $285,900
2017 $4,926 $259,050 $0 $0
2016 $4,373 $235,500 $0 $235,500
2015 $4,433 $249,500 $0 $249,500
2014 $3,902 $176,110 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Charlotte Hedge

    PREMIER SOTHEBY'S INTERNATIONAL REALTY

    (941) 350-0100

    6 in this area

    34 Total Sales

    Charlotte Hedge
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4421076

Stellar MLS

APN: 2010-08-2043

Florida Sarasota County Sarasota 34236 Downtown Sarasota

554 Golden Gate Point Unit 2, Sarasota, FL

This home is located at 554 Golden Gate Point Unit 2, Sarasota, FL 34236 since 14 December 2018 and is currently estimated at $914,815, approximately $1,345 per square foot. This property was built in 1958. 554 Golden Gate Point Unit 2 is a home located in Sarasota County with nearby schools including Southside Elementary School, Booker Middle School, and Booker 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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