NOT LISTED FOR SALE

614 16th Ave E Palmetto, FL 34221

Estimated Value: $1,030,000 - $1,372,000

4 Beds
4.5 Baths
3,010 Sq Ft
$394/Sq Ft Est. Value

Last Sold November 30, 2021

Last sale price $1,300,000 $432 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $7,807/month

3 Days on Market

Highlights

  • 52 Feet of Waterfront
  • Fitness Center
  • Screened Pool
  • Boat Lift
  • Property is near a marina
  • Fishing

About This Home

As of November 2021

Your Florida dream home search is over. "Sanctuary Cove" a new home boating community has it all. Move in ready and loaded with high-end features. This Key Largo II is an award winning floor plan offering an awesome greatroom with open kitchen, 4 bedrooms and 4.5 bathrooms, the 4th bedroom upstairs with en suite bath is large enough for multi generational living or bonus room/game room. A spacious dedicated office with gorgeous opaque glass sliding barn doors. Split guest bedrooms with en-suites. The master suite is on the main floor highlights tray ceilings w. crown molding, a spacious master bath with large walk in shower, designer wall tile, dual sinks, and a custom walk in closet. 10ft ceilings and crown molding throughout. Enjoy a chef inspired kitchen highlighted with ceiling high lighted display upper cabinets, large quartz island in soothing light grey, gas cook top, wall oven, upgraded stainless steel appliances, walk in pantry, designer glass tile backsplash and a butlers pantry. The large greatroom/kitchen overlook the inviting pool and dock area ideal for entertaining friends and family. Step out onto the covered Lanai and enjoy the high-end custom built summer kitchen featuring a professional BBQ grill, separate griddle, vented hood, ice maker and refrigerator. Beautiful Travertine flooring cover the lanai and pool deck. The heated self cleaning saltwater pool and spa offer a sun shelf, LED lights and invisible screen wall providing amazing water views. Enjoy breathtaking sunrises and your private boat dock for up to a 36' boat, 16,000 lb lift and separate pier. Added Custom features include designer lighting and ceiling fans, Plantation shutters and shades, designer interior painting, water softner, tankless water heater, upgraded landscaping and a widened paver driveway. Built in 2019 this secure and efficient home is built meeting current hurricane codes with hurricane impact/insulated low e windows, doors and sliders. Flood zone X, no flood insurance required. Smart home features include Alexa command controls for lighting, HVAC system, front door, ceiling fans, swimming pool controls and window treatments.
Sanctuary Cove community amenities include, a private riverfront Beach, gated entry, 8000+ SF clubhouse, AMAZING resort style swimming pool, a private riverfront BEACH, park, street lights, natural gas, walking trails and kayak launch. Hop on your boat for a day of fishing and enjoy the Gulf of Mexico, relax at the community amenities or spend a day at your own back yard paradise. Home is conveniently located just off I 75 and I 275, within minutes to Sarasota, St. Pete and Tampa Bay. The area offers some of the finest beaches in the USA, world class fishing, national sports venues, fine dinning, international airports and fine arts & entertainment. Lawn service and irrigation is included with the monthly fees, providing those extra few hours to enjoy your new Florida home.

Last Agent to Sell the Property

Richard & Yvonne Moody

COLDWELL BANKER REALTY License #0531837 Listed on: 10/14/2021

COLDWELL BANKER REALTY

Last Buyer's Agent

Tony Boothby

MICHAEL SAUNDERS & COMPANY License #3019359

MICHAEL SAUNDERS & COMPANY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,711

Year Built

  • Built in 2019

Lot Details

  • 6,826 Sq Ft Lot
  • 52 Feet of Waterfront
  • Property fronts a freshwater canal
  • Property fronts a private road
  • West Facing Home
  • Property is zoned PDMU

HOA Fees

  • $79 Monthly HOA Fees

Parking

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

Property Views

  • Full Gulf or Ocean
  • Canal

Home Design

  • Florida Architecture
  • Slab Foundation
  • Tile Roof
  • Concrete Roof
  • Block Exterior

Interior Spaces

  • 3,010 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Crown Molding
  • Tray Ceiling
  • High Ceiling
  • Ceiling Fan
  • Thermal Windows
  • Shutters
  • Rods
  • Sliding Doors
  • Great Room
  • Family Room Off Kitchen
  • Den
  • Bonus Room
  • Inside Utility
  • Laundry Room

Kitchen

  • Built-In Oven
  • Cooktop
  • Dishwasher
  • Stone Countertops

Flooring

  • Carpet
  • Ceramic Tile
  • Travertine

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Home Security

  • Security System Owned
  • Storm Windows
  • Fire and Smoke Detector

Eco-Friendly Details

  • Reclaimed Water Irrigation System

Pool

  • Screened Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Saltwater Pool
  • Fence Around Pool

Outdoor Features

  • Property is near a marina
  • Access to Freshwater Canal
  • Dock has access to water
  • Seawall
  • Lock
  • Boat Lift
  • Dock made with Composite Material
  • Screened Patio
  • Outdoor Kitchen

Utilities

  • Central Air
  • Heating Available
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include common area taxes, community pool, ground maintenance, private road, recreational facilities
  • $25 Other Monthly Fees
  • Castle Group Megan Heins Association, Phone Number (800) 337-5850
  • Sanctuary Cove Subdivision, The Key Largo II Floorplan
  • On-Site Maintenance
  • The community has rules related to deed restrictions, fencing, allowable golf cart usage in the community
  • Rental Restrictions

Recreation

  • Recreation Facilities
  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa
  • Fishing
  • Park

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,711

Year Built

Built in 2019

Lot Details

0

HOA Fees

$79 per month

Parking

2

Listing Details

  • HOA Fee Includes: Common Area Taxes, Community Pool, Maintenance Grounds, Private Road, Recreational Facilities
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Florida
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 3010
  • Lot Size Acres: 0.16
  • New Construction: No
  • Year Built: 2019
  • Building Area Total: 3714
  • Lot Size Sq Ft: 6826
  • Directions to Property: I75 exit Palmetto, Ellenton, head west on US Hwy 301 N approximateley 3 miles turn left onto 15th Ave Dr. E. Turn right onto 16th Ave. Home is on the left. Note gate closes at 6 PM.
  • Status: Sold
  • Street Post Direction: E
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/U8139465?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/U8139465?w=Customer
  • Homestead Y N: Yes
  • Number Of Pets: 2
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Other Fees Amount: 300
  • Ratio: Close Price\List Price: 1.01167
  • Price per Sq Ft: 431.89
  • Close to Original List Price Ratio: 1.01167
  • Ratio: Current Price\Building Area Total: 350.03
  • View: Yes
  • Co List Office Mls Id: 283503513
  • Co List Office Phone: 727-381-2345
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Travertine
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Crown Molding, High Ceiling(s), Kitchen/Family Room Combo, Master Bedroom Main Floor, Open Floorplan, Stone Counters, Tray Ceiling(s), Window Treatments
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Refrigerator, Tankless Water Heater
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: Two
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 2
  • Window Features: Rods, Shutters, Thermal Windows, Storm Window(s)
  • Street Number Modifier: 614
  • Room Count: 12
  • Additional Rooms: Bonus Room, Den/Library/Office, Great Room, Inside Utility

Exterior Features

  • Direction Faces: West
  • Other Structures: Outdoor Kitchen
  • Pool Features: Gunite, Heated, Salt Water, Screen Enclosure
  • Exterior Features: Irrigation System, Outdoor Kitchen, Sidewalk, Sliding Doors
  • Roof: Concrete, Tile
  • Pool Private: Yes
  • Road Frontage Type: Private Road
  • View: Water
  • Water Body Name: Sanctuary Cove Marina
  • Waterfront: Yes
  • Patio and Porch Features: Screened
  • Road Surface Type: Asphalt
  • Water View: Canal, Gulf/Ocean - Full
  • Water Access: Canal - Freshwater
  • Water Extras: Dock - Composite, Dock w/Electric, Dock w/Water Supply, Lift, Lock, Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 52
  • Additional Water Information: Large wide canal with room to roam within the waterway. This home features a dock in the backyard.
  • Water Frontage Feet Canal Fresh: 52
  • Disclosures: HOA/PUD/Condo Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Fishing, Fitness, Golf Carts OK, Irrigation-Reclaimed Water, Park, Playground, Pool, Sidewalk, Water Access, Waterfront
  • Association Amenities: Fence Restrictions, Fitness Center, Gated, Maintenance, Pool, Recreation Facilities, Spa/Hot Tub
  • Association Fee: 952
  • Association Fee Frequency: Annually
  • Association Name: Castle Group Megan Heins
  • Phone: 8003375850
  • Association: Yes
  • Security: Gated Community, Security System, Security System Owned, Smoke Detector(s)
  • Senior Community: No
  • Other Fees Term: Quarterly
  • Association Website: Megan Heins
  • Association Email: mheins@castlegroup.com
  • Amenities Additional Fees: Big Beautiful Beachfront directly on the Manatee River.
  • Association Fee Requirement: Required
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 2152
  • Monthly HOA Fee: 79.33
  • Total Monthly Fees: 179.33

Lot Info

  • Zoning: PDMU
  • Parcel Number: 1015734009
  • Additional Parcels: No
  • Lot Features: Near Marina
  • Flood Zone Code: X
  • Zoning Compatible Y N: Yes

Green Features

  • Green Water Conservation: Irrigation-Reclaimed Water

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: 6 Months
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See HOA Docs.

Tax Info

  • Tax Annual Amount: 8711.06
  • Tax Book Number: 36-51
  • Tax Lot: 80

Multi Family

  • Waterfront Features: Canal - Freshwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2024
Sold by
Krometis Stuart
Bought by
Stuart Van Krometis Revocable Living Trust and Krometis
Current Estimated Value
$1,185,722

Purchase Details

Closed on
Jan 24, 2024
Sold by
Krometis Stuart
Bought by
Krometis Family 2021 Recovable Trust and Krometis

Purchase Details

Closed on
Nov 25, 2019
Sold by
Wci Communities Llc
Bought by
Sidor John P and Sidor Cheryl A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2019
Sold by
Sanctuary Cove Asli Vi Lllp
Bought by
Wci Communities Llc
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
Stuart Van Krometis Revocable Living Trust $100 None Listed On Document
Krometis Family 2021 Recovable Trust $100 None Listed On Document
Sidor John P $532,800 Calatlantic Title Inc
Wci Communities Llc $5,391,800 Calatlantic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sidor John P $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2021 11/30/21 Sold $1,300,000 +1.2% $432 / Sq Ft
10/17/2021 10/17/21 Pending -- -- --
10/14/2021 10/14/21 For Sale $1,285,000 -- $427 / 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 $17,518 $819,684 $229,925 $589,759
2024 $17,518 $886,382 $229,925 $656,457
2023 $16,234 $799,202 $199,750 $599,452
2022 $9,104 $857,275 $130,000 $727,275
2021 $8,739 $492,703 $90,000 $402,703
2020 $8,711 $429,401 $90,000 $339,401
2019 $899 $80,000 $80,000 $0
2018 $461 $22,000 $22,000 $0
2017 $444 $22,000 $0 $0
2016 $439 $21,400 $0 $0
2015 $443 $21,400 $0 $0
2014 $443 $21,400 $0 $0
2013 $447 $21,400 $21,400 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: U8139465

Stellar MLS

APN: 10157-3400-9