NOT LISTED FOR SALE

5622 Gulf Dr Unit 2 Holmes Beach, FL 34217

Estimated Value: $2,629,000 - $3,470,000

3 Beds
3 Baths
2,287 Sq Ft
$1,667/mo HOA Fee

Last Sold June 17, 2022

Last sale price $3,800,000 $1,662 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $22,887/month

30 Days on Market

Highlights

  • 82 Feet of Ocean or Gulf Waterfront
  • Water access To Gulf or Ocean
  • Full Gulf or Ocean Views
  • Anna Maria Elementary School Rated A-
  • Heated In Ground Pool
  • Open Floorplan

About This Home

As of June 2022

Located directly on the beach on beautiful Anna Maria Island, this luxurious Gulf front condo boasts many wonderful features and architectural details. Professionally updated in late 2021, this 2nd floor open concept unit is waiting for you with 3 bedrooms each with ensuite baths; Wolff appliances in the spacious kitchen; more than enough storage including a separate pantry and overflow closet with refrigerator; timeless crown moldings, trim and coffered ceilings; electric fireplace with custom mantel created from repurposed wood from the island; a roomy laundry room with top of the line W/D; custom marine-grade slider window treatments in the main living area and plantation shutters in every window; customized closets in each bedroom; spacious balconies with front row seats to those gorgeous Anna Maria Island sunsets; brand new upscale furnishings including high-end bedding, art and so much more. One of only 4 units in the Vista Grande condominium association, this property offers a full-size elevator right outside your door, a spacious common area, beach front pool and spa, outdoor kitchen, garage parking and more storage closet space. Weekly rentals allowed. Conveniently located near restaurants, marina and shopping!

Last Agent to Sell the Property

Don Purvis

BEACH HOUSE REAL ESTATE LLC License #3263299 Listed on: 02/25/2022

Co-Listed By

Cheryl Wendt

BEACH HOUSE REAL ESTATE LLC License #3405053

Last Buyer's Agent

Cindy Quinn

SATO REAL ESTATE INC. License #0666786

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $36,811

Year Built

  • Built in 2006

Lot Details

  • 82 Feet of Ocean or Gulf Waterfront
  • East Facing Home
  • Fenced
  • Irrigation

HOA Fees

  • $1,667 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Tile Roof
  • Concrete Roof
  • Block Exterior
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 2,287 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Furnished
  • Built-In Features
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • French Doors
  • Sliding Doors
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Full Gulf or Ocean Views

Kitchen

  • Built-In Oven
  • Cooktop with Range Hood
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • In Ground Spa
  • Gunite Pool
  • Outdoor Shower
  • Pool Lighting

Outdoor Features

  • Water access To Gulf or Ocean
  • Balcony
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include escrow reserves fund, maintenance structure, ground maintenance, management, pool, sewer, trash, water
  • Island Real Estate Association, Phone Number (941) 778-6066
  • Visit Association Website
  • Holmes Beach Community
  • Vista Grande Subdivision

Recreation

  • Community Pool

Pet Policy

  • 2 Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$36,811

Year Built

Built in 2006

Lot Details

0

HOA Fees

$1,667 per month

Parking

1

Listing Details

  • HOA Fee Includes: Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Management, Pool, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 2287
  • New Construction: No
  • Year Built: 2006
  • Directions to Property: From Manatee Avenue turn right on Gulf Drive. Building is on the left. Unit is on the second floor.
  • Status: Sold
  • Co List Office Mls Id: MFR281525148
  • Co List Office Phone: 941-216-3764
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 2
  • List Office Head Office Key Nume: 166451553
  • Minimum Lease: 1 Week
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 1661.57
  • Unit Number YN: 0
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 3
  • Interior Amenities: Built-in Features, Ceiling Fans(s), Crown Molding, Elevator, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: In Ground
  • Spa Yn: Yes
  • Stories: 3
  • Street Number Modifier: 5622
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 212.47
  • Room Count: 3

Exterior Features

  • Direction Faces: East
  • Pool Features: Gunite, Heated, In Ground, Lighting
  • Exterior Features: Balcony, Fence, French Doors, Irrigation System, Lighting, Outdoor Shower, Sliding Doors, Storage
  • Roof: Concrete, Tile
  • Pool Private: No
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure
  • Water Access: Gulf/Ocean
  • Water Extras YN: 0
  • Water View: Gulf/Ocean - Full
  • Water View YN: 1
  • Waterfront Feet Total: 82
  • Water Frontage Feet Gulf Ocean: 82

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Assigned, Covered, Guest, Under Building

Utilities

  • Utilities: Cable Connected, Electricity Connected, Phone Available, Public, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool, Waterfront
  • Association Fee Frequency: Quarterly
  • Association Name: Island Real Estate
  • Phone: 9417786066
  • Association: Yes
  • Senior Community: No
  • Association Approval Required YN: 0
  • Association Fee Requirement: Required
  • Building Name Number: VISTA GRANDE
  • Condo Fees: 5000
  • Condo Land Included YN: 0
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: andrew@islandreal.com
  • Monthly Condo Fee Amount: 1667
  • Association URL: www.islandreal.com

Fee Information

  • Total Annual Fees: 20000.00
  • Total Monthly Fees: 1666.67

Lot Info

  • Zoning: A1
  • Parcel Number: 7203200309
  • Additional Parcels: No
  • Flood Zone Code: VE
  • Homestead YN: 0

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Number Limit
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: SEE CONDO DOCS.

Tax Info

  • Tax Annual Amount: 36810.95
  • Tax Lot: 2

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2022
Closed on
Jun 17, 2022
Sold by
Wendt Douglas C
Bought by
Koehler David K and Koehler Kristin Graham
Seller's Agent
Don Purvis
BEACH HOUSE REAL ESTATE LLC
Buyer's Agent
Cindy Quinn
SATO REAL ESTATE INC.
List Price
$4,125,000
Sold Price
$3,800,000
Premium/Discount to List
-$325,000
-7.88%
Current Estimated Value
$3,124,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$675,326
Avg. Annual Appreciation
-6.52%

Purchase Details

Listed on
Mar 22, 2021
Closed on
Jun 11, 2021
Sold by
Demilio Mark S and Mark S Demilio Revocable Trust
Bought by
Wendt Douglas C
Seller's Agent
Jennifer Sekel
ANNA MARIA ISLAND BEACHES RE
Buyer's Agent
Don Purvis
BEACH HOUSE REAL ESTATE LLC
List Price
$2,700,000
Sold Price
$2,700,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.80%

Purchase Details

Closed on
May 8, 2017
Sold by
Demilio Theresa E and Theresa E Demilio Revocable Tr
Bought by
Demilio Mark S and Mark S Demilio Revocable 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
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2010
Sold by
Vista Grande Llc
Bought by
Demilio Mark S and Demilio Theresa E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,166,900
Interest Rate
4.91%
Mortgage Type
New Conventional
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
Koehler David K $3,800,000 Alliance Group Title
Wendt Douglas C $2,700,000 Attorney
Demilio Mark S $354,400 Barnes Walker Title Inc
Demilio Mark S $1,667,000 Barnes Walker Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Demilio Mark S $1,500,000
Previous Owner Demilo Mark S $400,000
Previous Owner Demilio Mark S $1,000,000
Previous Owner Demilio Mark S $910,000
Previous Owner Demilio Mark S $1,166,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2022 06/17/22 Sold $3,800,000 -7.9% $1,662 / Sq Ft
03/28/2022 03/28/22 Pending -- -- --
02/25/2022 02/25/22 For Sale $4,125,000 +52.8% $1,804 / Sq Ft
06/11/2021 06/11/21 Sold $2,700,000 0.0% $1,181 / Sq Ft
03/23/2021 03/23/21 Pending -- -- --
03/22/2021 03/22/21 For Sale $2,700,000 -- $1,181 / 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 $46,955 $3,102,500 -- $3,102,500
2023 $48,115 $3,102,500 $0 $3,102,500
2022 $39,598 $2,551,500 $0 $2,551,500
2021 $36,811 $2,400,000 $0 $2,400,000
2020 $38,612 $2,400,000 $0 $2,400,000
2019 $38,945 $2,400,000 $0 $2,400,000
2018 $37,562 $2,300,000 $0 $0
2017 $33,401 $2,169,000 $0 $0
2016 $31,201 $1,990,000 $0 $0
2015 $25,841 $1,660,000 $0 $0
2014 $25,841 $1,566,212 $0 $0
2013 $24,724 $1,491,631 $1 $1,491,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4526151

Stellar MLS

APN: 72032-0030-9