NOT LISTED FOR SALE

554 S Spoonbill Dr Sarasota, FL 34236

Estimated Value: $4,648,000 - $8,883,000

4 Beds
5.5 Baths
3,890 Sq Ft
$1,886/Sq Ft Est. Value

Last Sold February 28, 2018

Last sale price $3,500,000 $900 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $46,871/month

450 Days on Market

Highlights

  • 233 Feet of Waterfront
  • White Water Ocean Views
  • Boat Lift
  • Southside Elementary School Rated A
  • Dock made with wood
  • Access to Bay or Harbor

About This Home

As of February 2018

PRICE HAS JUST BEEN REDUCED! MAKE AN OFFER! This is undoubtedly one of the most coveted deep water lots in Sarasota! It is the 11th largest home site in Bird Key, offering over 25,000 sq ft of land and 233’ of Bay front, with sumptuous views of mangroves and manatees. The home was constructed by well-known builder Ruth Richmond, and keeping true to her legacy, it epitomizes Florida style living, with seamless flow from the indoor to the outdoor space. The living room sliders open up to the massive lanai to create a magnificent area all on one level, with soaring vaulted wood beam ceilings, pool, and fountain. This home has been in the seller’s family for over 4 decades and has been meticulously maintained throughout the years. Its Midcentury design is combined with a charming vintage elegance, without the Hollywood fuss. Every detail was carefully selected to embody the sense of comfortable luxury – such as the rare and highly sought-after Richmond acrylic lucite doorknobs. Every bedroom is en-suite, and the master bedroom provides two private outdoor terraces, as well as separate his and her bathrooms. Enjoy the serenity of the current home or build your own masterpiece on this stunning immense corner lot!

Last Agent to Sell the Property

Lynne Koy

COLDWELL BANKER REALTY License #0461188 Listed on: 10/18/2016

COLDWELL BANKER REALTY

Last Buyer's Agent

Edward Goldfarb

RANCH REALTY License #3354430

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $50,600

Year Built

  • Built in 1974

Lot Details

  • 0.59 Acre Lot
  • Lot Dimensions are 201x32x222x36x42x151
  • 233 Feet of Waterfront
  • Property Fronts a Bay or Harbor
  • Corner Lot
  • Oversized Lot
  • Irrigation
  • Property is zoned RSF1

HOA Fees

  • $63 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Open Parking

Property Views

  • White Water Ocean
  • Intracoastal

Home Design

  • Slab Foundation
  • Tile Roof
  • Block Exterior

Interior Spaces

  • 3,890 Sq Ft Home
  • Built-In Features
  • Bar Fridge
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Doors

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Fire and Smoke Detector

Pool

  • Screened Pool
  • Heated In Ground Pool
  • Gunite Pool
  • Fence Around Pool
  • Child Gate Fence

Outdoor Features

  • Access to Bay or Harbor
  • No Fixed Bridges
  • Boat Lift
  • Dock made with wood
  • Deck
  • Enclosed Patio or Porch

Location

  • Property is near public transit

Utilities

  • Zoned Heating and Cooling
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 13 / 14
  • Assessor Parcel Number 2018040042

Community Details

Overview

  • Bird Key Sub Community
  • Bird Key Rep Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Security

  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$50,600

Year Built

Built in 1974

Lot Details

0

HOA Fees

$63 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 3890
  • Lot Size Acres: 0.59
  • New Construction: No
  • Year Built: 1974
  • Building Area Total: 6976
  • Lot Size Sq Ft: 25895
  • Status: Sold
  • Street Direction: S
  • Homestead Y N: No
  • Total Acreage: 1/2 to less than 1
  • Home Warranty Y N: No
  • Call Center Phone Number: 800-746-9464
  • Ratio: Close Price\List Price: 0.92348
  • Price per Sq Ft: 899.74
  • Close to Original List Price Ratio: 0.79636
  • Ratio: Current Price\Building Area Total: 501.72
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2016
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Interior Amenities: Built in Features, Cathedral Ceiling(s), Ceiling Fans(s), Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances Included: Bar Fridge, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Window Features: Blinds
  • Room Count: 8
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: Child Safety Fence, Gunite, Heated, In Ground, Other, Screen Enclosure
  • Exterior Features: Irrigation System, Sliding Doors
  • Roof: Tile
  • Pool Private: Yes
  • View: Water
  • Water Body Name: Sarasota Bay
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Enclosed, Patio, Porch, Screened
  • Road Surface Type: Paved
  • Water View: Bay/Harbor - Full, Intracoastal Waterway
  • Water Access: Bay/Harbor
  • Water Extras: Bridges - No Fixed Bridges, Dock - Wood, Lift
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 1251500008C
  • Waterfront Frontage: 233
  • Water Frontage Feet Bay Harbor: 233

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, In Garage
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public
  • Cooling: Central Air, Zoned
  • Heating: Central
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions
  • Association Amenities: Security
  • Association Fee: 750
  • Association Fee Frequency: Annually
  • Association: Yes
  • Security: Security System Owned, Smoke Detector(s)
  • Senior Community: No
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 750
  • Monthly HOA Fee: 62.5
  • Total Monthly Fees: 62.5

Lot Info

  • Zoning: RSF1
  • Parcel Number: 2018040042
  • Additional Parcels: No
  • Lot Features: Corner Lot, Near Public Transit, Oversized Lot
  • Lot Dimensions: 201x32x222x36x42x151
  • Millage Rate: 16.38
  • Flood Zone Code: V17
  • Flood Zone Date: 1992-05-18
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: 2 Months
  • Approval Process: Contact association. Approval required.
  • Num Timesper Year: 2
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: 60 day minimum.

Tax Info

  • Tax Annual Amount: 50600
  • Tax Block: 14
  • Tax Book Number: 13-4
  • Tax Lot: 13

Multi Family

  • Waterfront Features: Bay/Harbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2021
Sold by
Goldfarb Edward R and Goldfarb Elizabeth A
Bought by
Goldfarb Edward R and Goldfarb Elizabeth A
Current Estimated Value
$7,336,085

Purchase Details

Listed on
Oct 18, 2016
Closed on
Feb 28, 2018
Sold by
Sarinvest S A
Bought by
Goldfarb Edward R
Seller's Agent
Lynne Koy
COLDWELL BANKER REALTY
Buyer's Agent
Edward Goldfarb
RANCH REALTY
List Price
$4,395,000
Sold Price
$3,500,000
Premium/Discount to List
-$895,000
-20.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.13%

Purchase Details

Closed on
Dec 17, 1997
Sold by
Moser Mina
Bought by
Sarinvest S A
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
Goldfarb Edward R -- Attorney
Goldfarb Edward R $3,500,000 Attorney
Sarinvest S A $670,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2018 02/28/18 Sold $3,500,000 -7.7% $900 / Sq Ft
01/12/2018 01/12/18 Pending -- -- --
12/05/2017 12/05/17 Price Changed $3,790,000 -13.8% $974 / Sq Ft
10/18/2016 10/18/16 For Sale $4,395,000 -- $1,130 / 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 $100,904 $7,018,065 -- --
2023 $100,904 $6,813,655 $0 $0
2022 $98,799 $6,615,199 $0 $0
2021 $99,704 $6,421,747 $0 $0
2020 $47,923 $3,002,700 $2,883,300 $119,400
2019 $47,668 $2,993,300 $2,875,000 $118,300
2018 $49,580 $3,086,700 $2,903,400 $183,300
2017 $51,661 $2,791,583 $0 $0
2016 $50,600 $3,672,400 $3,426,000 $246,400
2015 $48,218 $3,462,800 $3,129,300 $333,500
2014 $37,826 $1,878,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4167262

Stellar MLS

APN: 2018-04-0042