NOT LISTED FOR SALE

591 Hibiscus Way Longboat Key, FL 34228

Estimated Value: $758,000 - $1,012,000

3 Beds
2 Baths
1,369 Sq Ft
$630/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $950,000 $694 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $4,782/month

16 Days on Market

Highlights

  • Property is near a marina
  • Deck
  • Private Lot
  • Anna Maria Elementary School Rated A-
  • Property is near public transit
  • Family Room with Fireplace

About This Home

As of May 2024

Welcome to this dreamy 3 bedroom 2 bath cottage in the highly sought after friendly Village of Longboat Key! It sits behind a custom gate amidst beautifully landscaped tropical surroundings that make you feel like you're living in your own private garden which was specifically planted with native trees, shrubs and plants that encourage and nourish local and migratory birds. A covered screened in porch welcomes you before you enter the cozy great room that features a wood burning fireplace and is open to the completely renovated kitchen with a breakfast bar with beautiful bamboo cabinets, a chef's natural gas range, and 2023 appliances. The lively and historic Longbeach Village offers a lifestyle coveted by many with a community dock and boat ramp and one of the nicest stretch of beaches on Longboat Key just a short distance away. After spending your evenings watching the gorgeous sunsets over the Gulf of Mexico you have your choice of 3 fabulous restaurants that are right here for your enjoyment. You may never want to leave this beautiful island but if you do, the world famous St.Armands Circle and the Cultural meccas of downtown Sarasota and Bradenton are just a short drive over the bridges. Schedule your private showing today.

Last Agent to Sell the Property

JoDene Moneuse

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-383-7591 License #3352154 Listed on: 03/27/2024

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Haley McKay

TOMLIN, ST CYR & ASSOCIATES LLC License #3415221

TOMLIN, ST CYR & ASSOCIATES LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,248

Year Built

  • Built in 1966

Lot Details

  • 5,998 Sq Ft Lot
  • Lot Dimensions are 50x120
  • South Facing Home
  • Wood Fence
  • Mature Landscaping
  • Private Lot
  • Irrigation
  • Landscaped with Trees
  • Garden
  • Property is zoned R6SF

Home Design

  • Cottage
  • Brick Exterior Construction
  • Slab Foundation
  • Metal Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,369 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Stone Fireplace
  • Window Treatments
  • Sliding Doors
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Garden Views

Kitchen

  • Eat-In Kitchen
  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Tile
  • Terrazzo

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • Parking Pad
  • Ground Level Parking
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Property is near a marina
  • Deck
  • Enclosed Patio or Porch
  • Exterior Lighting
  • Shed
  • Rain Gutters
  • Rain Barrels or Cisterns
  • Private Mailbox

Location

  • Flood Zone Lot
  • Property is near public transit
  • Property is near a golf course

Schools

  • Anna Maria Elementary School
  • Martha B. King Middle School
  • Bayshore High School

Utilities

  • Central Air
  • Heating Available
  • Natural Gas Connected
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Long Beach Community
  • Longbeach On Longboat Key Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,248

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cottage
  • Construction Materials: Block, Brick, Other, Stucco
  • Fireplace: Yes
  • Living Area: 1369
  • Lot Size Acres: 0.14
  • New Construction: No
  • Year Built: 1966
  • Building Area Total: 1505
  • Lot Size Sq Ft: 5998
  • Directions to Property: From south Longboat Key, go north on Gulf of Mexico Drive to the north end of the key, Turn east (right) on Broadway and turn right on Longboat Drive and left on Hibiscus Way. You will see the mailbox numbered 591 on the left and the home is tucked behind the custom gate.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Owner
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 693.94
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • MFR_InLawSuiteYN: 0
  • MFR_CommunityAssociationWaterFeatures: Dock,Intracoastal Waterway,Public Boat Ramp,Water Access
  • Attribution Contact: 941-383-7591
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Family Room, Stone, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Terrazzo, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Stone Counters, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 1
  • Window Features: Window Treatments
  • Street Number Modifier: 591
  • ResoLivingAreaSource: Owner
  • Living Area Meters: 127.18
  • Room Count: 5

Exterior Features

  • Direction Faces: South
  • Other Structures: Shed(s), Storage
  • Exterior Features: Garden, Irrigation System, Lighting, Outdoor Shower, Private Mailbox, Rain Barrel/Cistern(s), Rain Gutters, Sliding Doors, Storage
  • Roof: Metal
  • Pool Private: No
  • View: Garden
  • Waterfront: No
  • Patio and Porch Features: Covered, Deck, Enclosed, Front Porch, Patio, Screened
  • Road Surface Type: Paved
  • Disclosures: Other Disclosures, Seller Property Disclosure
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2021-08-10
  • Flood Zone Panel: 12081C0291F

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Ground Level, Off Street, Parking Pad

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Security: Security System, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Anna Maria Elementary
  • High School: Bayshore High
  • Middle Or Junior School: Martha B. King Middle

Lot Info

  • Zoning: R6SF
  • Parcel Number: 7786500004
  • Additional Parcels: No
  • Fencing: Wood
  • Lot Features: FloodZone, City Limits, In County, Landscaped, Near Golf Course, Near Marina, Near Public Transit, Private
  • Lot Dimensions: 50x120
  • Flood Zone Code: AE
  • Homestead YN: 1
  • Lot Size Square Meters: 557

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Rentals according to the Town Of Longboat Key code & Manatee County ordinances.

Tax Info

  • Tax Annual Amount: 2248
  • Tax Block: 11
  • Tax Book Number: 1-306
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2024
Closed on
May 31, 2024
Sold by
Riter Michael C and Ross Kimberly L
Bought by
Shenk Stephan Richard and Shenk Kelley Henderson
Seller's Agent
JoDene Moneuse
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Haley McKay
TOMLIN, ST CYR & ASSOCIATES LLC
List Price
$965,000
Sold Price
$950,000
Premium/Discount to List
-$15,000
-1.55%
Views
24
Current Estimated Value
$862,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$87,254
Avg. Annual Appreciation
-6.89%
Original Mortgage
$760,000
Outstanding Balance
$750,449
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$112,297

Purchase Details

Closed on
Oct 10, 1997
Sold by
Riter Michael C and Ross Kimberly L
Bought by
Riter Michael C and Ross Kimberly L

Purchase Details

Closed on
Sep 10, 1996
Sold by
Riter Michael C
Bought by
Riter Michael C and Ross Kimberly L
Source: Public Records

Range of Values:

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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
Shenk Stephan Richard $950,000 Pineapple Title
Riter Michael C -- --
Riter Michael C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shenk Stephan Richard $760,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2024 05/31/24 Sold $950,000 -1.6% $694 / Sq Ft
04/13/2024 04/13/24 Pending -- -- --
03/27/2024 03/27/24 For Sale $965,000 -- $705 / 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
2025 $2,275 $585,159 -- --
2024 $2,275 $140,155 -- --
2023 $2,248 $136,073 $0 $0
2022 $2,204 $132,110 $0 $0
2021 $2,119 $128,262 $0 $0
2020 $2,193 $126,491 $0 $0
2019 $2,157 $123,647 $0 $0
2018 $2,134 $121,342 $0 $0
2017 $1,454 $118,846 $0 $0
2016 $1,446 $116,402 $0 $0
2015 $1,270 $115,593 $0 $0
2014 $1,270 $114,676 $0 $0
2013 $1,240 $112,981 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4605005

Stellar MLS

APN: 77865-0000-4