NOT LISTED FOR SALE

609 Norsota Way Sarasota, FL 34242

Estimated Value: $1,949,000 - $6,644,000

4 Beds
3 Baths
2,701 Sq Ft
$1,706/Sq Ft Est. Value

Last Sold May 15, 2024

Last sale price $6,400,000 $2,369 Per Sq Ft

Est. 28% decrease in value since last sale

Current estimated payment $26,182/month

43 Days on Market

Highlights

  • 330 Feet of Bay Harbor Waterfront
  • White Water Ocean Views
  • Balcony
  • Phillippi Shores Elementary School Rated A
  • No HOA
  • Tile Flooring

About This Home

As of May 2024

Welcome to one of the most desirable properties on Bay Island, “The Gateway to Siesta Key”. 609 Norsota Way is now on the market for the first time in over 42 years! The location of this exquisite piece of paradise offers one of the most impressive, unobstructive bay views of Downtown Sarasota, The Ringling Bridge, Bird Key, Lido Key, and the breathtaking sunsets Florida’s west coast in known for.

Nestled in the highly sought-after north end of Siesta Key, this residence boasts 4 bedrooms and 3 bathrooms, set on a remarkable 25,000+ square foot property. The awe-inspiring bay frontage spans an impressive 330' along two sides, featuring one of the only private boat basins on all of Sarasota Bay.

Unleash your artistic vision in this property that serves as a canvas for your creativity. You can choose to craft your own masterpiece home or restore the charming existing structure to its former glory. The property offers endless potential for entertainment and indulgence in resort-style living surrounded by the serenity and splendor of Sarasota Bay, while the private boat basin grants direct access to the pristine waters of the Gulf of Mexico.

Picture embarking on leisurely cruises or thrilling water sports adventures, creating enduring memories as you set sail from your private backyard. Poised above the tranquil bay waters, this property provides unparalleled panoramic views of enchanting sunsets, city lights, and the breathtaking beauty of nature. Seize this opportunity to own one of the most remarkable properties in Sarasota, where character converges with potential in an extraordinary setting. Your chance to own this distinctive waterfront haven awaits—call today for a private showing!

Last Agent to Sell the Property

Douglas Black

PREFERRED SHORE LLC Brokerage Phone: 941-999-1179 License #3601708 Listed on: 03/08/2024

PREFERRED SHORE LLC

Last Buyer's Agent

Alex Malagon

RE/MAX ACTION FIRST OF FLORIDA License #3148258

RE/MAX ACTION FIRST OF FLORIDA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,799

Year Built

  • Built in 1982

Lot Details

  • 0.57 Acre Lot
  • 330 Feet of Bay Harbor Waterfront
  • South Facing Home
  • Property is zoned RSF1

Parking

  • 2 Carport Spaces

Home Design

  • Metal Roof
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 2,701 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • White Water Ocean Views

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Access to Bay or Harbor
  • Boat Port
  • Seawall
  • Balcony

Schools

  • Phillippi Shores Elementary School
  • Brookside Middle School
  • Sarasota High School

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Bay Island Community
  • Bay Island Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,799

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 2701
  • Lot Size Acres: 0.57
  • New Construction: No
  • Year Built: 1982
  • Building Area Total: 5662
  • Lot Size Sq Ft: 25040
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 526.02
  • Escrow State: FL
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 2369.49
  • Total Acreage: 1/2 to less than 1
  • Water Access YN: 1
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 941-999-1179
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 3
  • Interior Amenities: Ceiling Fans(s)
  • Appliances Included: Other
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 4
  • Levels: Two
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 250.93

Exterior Features

  • Direction Faces: South
  • Exterior Features: Balcony
  • Roof: Metal
  • Pool Private: No
  • Water Body Name: SARASOTA BAY
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Disclosures: Seller Property Disclosure
  • Water Access: Bay/Harbor
  • Water Extras: Boat Port,Seawall - Concrete
  • Water View: Bay/Harbor - Full
  • Water View YN: 1
  • Waterfront Feet Total: 330
  • Water Frontage Feet Bay Harbor: 330

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Yn: No

Utilities

  • Utilities: Electricity Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: None
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Pet Restrictions: Check county rules and regulations.

Fee Information

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

Schools

  • Elementary School: Phillippi Shores Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RSF1
  • Parcel Number: 2019070032
  • Additional Parcels: No
  • Flood Zone Code: VE

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: Check county rules and regulations.

Tax Info

  • Tax Annual Amount: 22799.15
  • Tax Book Number: 2-171
  • Tax Lot: 1

Multi Family

  • Waterfront Features: Bay/Harbor
  • Approval Process: Check county rules and regulations.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2024
Closed on
May 15, 2024
Sold by
Florence Innes Revocable Trust and Darnell Robert
Bought by
Chungus Holdings Llc
Seller's Agent
Douglas Black
PREFERRED SHORE LLC
Buyer's Agent
Alex Malagon
RE/MAX ACTION FIRST OF FLORIDA
List Price
$8,250,000
Sold Price
$6,400,000
Premium/Discount to List
-$1,850,000
-22.42%
Views
33
Current Estimated Value
$4,606,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,793,196
Avg. Annual Appreciation
-19.00%

Purchase Details

Closed on
Jul 21, 2003
Sold by
Innes Florence
Bought by
Innes Florence

Purchase Details

Closed on
Mar 19, 2001
Sold by
Innes John W and Innes Florence B
Bought by
Innes John W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Chungus Holdings Llc $6,400,000 None Listed On Document
Innes Florence -- --
Innes John W -- --
Innes John W -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2024 05/15/24 Sold $6,400,000 -22.4% $2,369 / Sq Ft
04/21/2024 04/21/24 Pending -- -- --
03/08/2024 03/08/24 For Sale $8,250,000 -- $3,054 / 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 $23,399 $6,182,500 $6,052,900 $129,600
2024 $22,799 $1,602,465 -- --
2023 $22,799 $1,555,791 $0 $0
2022 $22,347 $1,510,477 $0 $0
2021 $22,559 $1,466,483 $0 $0
2020 $22,835 $1,446,236 $0 $0
2019 $22,263 $1,413,720 $0 $0
2018 $21,911 $1,387,360 $0 $0
2017 $21,665 $1,358,825 $0 $0
2016 $21,402 $3,361,800 $3,033,900 $327,900
2015 $21,727 $2,847,000 $2,579,800 $267,200
2014 $21,712 $1,261,013 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4602572

Stellar MLS

APN: 2019-07-0032