$250,000
SOLD JAN 6, 2012

655 Spanish Way Longboat Key, FL 34228

2 Beds
2 Baths
1,300 Sq Ft
$511/mo HOA Fee

Recently Sold

$192 Per Sq Ft

42% Below List Price

929 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Deeded Boat Dock
  • Senior Community
  • Access to Bay or Harbor
  • Heated Pool
  • Lake View

About This Home

As of January 2012

Short Sale - Beautifully and totally renovated/decorated free-standing villa with view of the lake. New roof, A/C, sun room (2006), kitchen, baths, floors, etc... (2004-05).Deep water marina, no bridges to the bay, Newly renovated clubhouse and docks. Dock you 40ft boat in this lovely marina for a minimal cost. Beautifully maintained grounds with heated pool. Deeded beach access. Maintenance-Free, friendly, active, outgoingcommunity living, great investment opportunity. Come and enjoy the sea life of dolphins, manatees, pelicans, surrounding bird sanctuaries and more. Best value on LBK that has so much to offer. Deeded beach access, heated pool, active clubhouse, fishing pier and extremely affordable boat slips. Property being sold as is with right to inspect. Listing Price may not be sufficient to pay the total of all liens and costs of sale. Sale of Property at full listing price may require approval of seller's lender(s). Such approval may be conditioned upon the gross commission being reduced.

Last Agent to Sell the Property

Cathy Meldahl, PA

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-383-5502 License #0321629 Listed on: 04/09/2009

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Cathy Meldahl, PA

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-383-5502 License #0321629 Listed on: 04/09/2009

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,961

Year Built

  • Built in 1968

Lot Details

  • Property fronts an intracoastal waterway
  • East Facing Home
  • Mature Landscaping
  • Irrigation
  • Landscaped with Trees
  • Zero Lot Line

HOA Fees

  • $511 Monthly HOA Fees

Parking

  • 1 Carport Space

Home Design

  • Villa
  • Slab Foundation
  • Tile Roof
  • Membrane Roofing
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,300 Sq Ft Home
  • Crown Molding
  • Ceiling Fan
  • Skylights
  • Blinds
  • Sliding Doors
  • Great Room
  • Combination Dining and Living Room
  • Sun or Florida Room
  • Lake Views
  • Attic

Kitchen

  • Range with Range Hood
  • Recirculated Exhaust Fan
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Pool

  • Spa

Outdoor Features

  • Access to Bay or Harbor
  • Deeded access to the beach
  • No Fixed Bridges
  • Seawall
  • Deeded Boat Dock
  • Exterior Lighting
  • Rain Gutters

Location

  • Flood Zone Lot
  • Property is near public transit

Utilities

  • Zoned Heating and Cooling
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Senior Community
  • Association fees include cable TV, insurance, maintenance structure, ground maintenance, management, private road, recreational facilities, sewer, trash, water
  • Spanish Main Condos
  • Spanish Main Yacht Club Community
  • Spanish Main Yacht Club Condo Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions

Amenities

  • Laundry Facilities

Recreation

  • Recreation Facilities
  • Shuffleboard Court
  • Community Pool

Pet Policy

  • Pets Allowed
  • Pets up to 25 lbs
  • 1 Pet Allowed

Security

  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,961

Year Built

Built in 1968

Lot Details

0

HOA Fees

$511 per month

Listing Details

  • HOA Fee Includes: Cable TV, Insurance, Maintenance Structure, Maintenance Grounds, Management, Private Road, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Villa
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1300
  • New Construction: No
  • Year Built: 1968
  • Building Area Total: 1540
  • Directions to Property: North on Gulf of Mexico Dr. to 5700 block to Spanish Main Yacht Club sign, turn east, use either Spanish Dr. N or Spanish Dr. S to Spanish Way to 655 on Lake.
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: Owner
  • Available for Lease YN: 1
  • Floor Number: 1
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 1 Month
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 192.31
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 1
  • MFR_DockDescription: Dock - Slip Deeded On-Site
  • MFR_CommunityAssociationWaterFeatures: Boat Slip,Water Access
  • Attribution Contact: 941-383-5502
  • Tax Year: 2011
  • Special Features: 4108

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Full Bathrooms: 2
  • Interior Amenities: Attic, Ceiling Fans(s), Crown Molding, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Skylight(s), Split Bedroom, Stone Counters, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave Hood, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Yn: Yes
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 655
  • ResoLivingAreaSource: Owner
  • Additional Rooms: Attic,Florida Room,Great Room
  • Living Area Meters: 120.77
  • Room Count: 6

Exterior Features

  • Direction Faces: East
  • Pool Features: Heated
  • Exterior Features: Hurricane Shutters, Irrigation System, Lighting, Rain Gutters, Sliding Doors
  • Roof: Membrane, Tile
  • Home Warranty: No
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Water Access: Bay/Harbor,Beach - Access Deeded
  • Water Extras: Bridges - No Fixed Bridges,Sailboat Water,Seawall - Concrete,Seawall - Other
  • Water Extras YN: 1
  • Water View: Lake
  • Water View YN: 1

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sprinkler Meter, Street Lights
  • Cooling: Central Air, Zoned
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Pool, Waterfront Complex
  • Association Amenities: Laundry, Recreation Facilities, Shuffleboard Court
  • Association Fee: 511
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: Yes
  • Complex Community Name Nccb: SPANISH MAIN
  • Association Fee Requirement: Required
  • Max Pet Weight: 25

Fee Information

  • Total Annual Fees: 6132.00
  • Total Monthly Fees: 511.00

Lot Info

  • Zoning: R3MX
  • Parcel Number: 7917500006
  • Additional Parcels: No
  • Lot Features: FloodZone, City Limits, Near Public Transit, Paved, Zero Lot Line
  • Homestead YN: 1
  • Zoning Compatible YN: 1

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Expected Lease Date: 2012-01-06T00:00:00.000

Tax Info

  • Tax Annual Amount: 2961
  • Tax Lot: 139

Multi Family

  • Waterfront Features: Intracoastal Waterway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2009
Closed on
Jan 6, 2012
Sold by
Heyer Paul J and Heyer Judith Kay
Bought by
Kotovsky Kathy
Seller's Agent
Cathy Meldahl, PA
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Cathy Meldahl, PA
MICHAEL SAUNDERS & COMPANY
List Price
$429,000
Sold Price
$250,000
Premium/Discount to List
-$179,000
-41.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.20%

Purchase Details

Closed on
May 23, 2005
Sold by
Olsen Larry L and Olsen Linda M
Bought by
Heyer Paul J and Heyer Judith Kay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,800
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 28, 2004
Sold by
Vanpatten Ronald C and Vanpatten Lee E
Bought by
Olsen Larry L and Olsen Linda M

Purchase Details

Closed on
May 26, 2004
Sold by
Junk Randall
Bought by
Olsen Larry L and Olsen Linda M
Source: Public Records

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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 Type Sale Price Title Company
Warranty Deed $357,142 None Available
Warranty Deed $378,500 --
Warranty Deed $114,000 --
Warranty Deed $57,000 --
Personal Reps Deed $57,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $115,800 Credit Line Revolving
Previous Owner $302,800 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2025 07/02/25 For Sale $395,000 0.0% $318 / Sq Ft
06/30/2025 06/30/25 Off Market $395,000 -- --
06/23/2025 06/23/25 For Sale $395,000 +58.0% $318 / Sq Ft
01/06/2012 01/06/12 Sold $250,000 -41.7% $192 / Sq Ft
10/26/2011 10/26/11 Pending -- -- --
04/09/2009 04/09/09 For Sale $429,000 -- $330 / 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 $7,011 $484,500 -- $484,500
2023 $6,867 $488,750 $0 $488,750
2022 $5,991 $388,500 $0 $388,500
2021 $5,174 $305,000 $0 $305,000
2020 $4,968 $275,000 $0 $275,000
2019 $4,994 $275,000 $0 $275,000
2018 $5,217 $285,000 $0 $0
2017 $5,055 $317,000 $0 $0
2016 $4,581 $268,620 $0 $0
2015 $4,504 $268,620 $0 $0
2014 $4,504 $268,621 $0 $0
2013 $4,067 $243,759 $118,000 $125,759
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A3906084

Stellar MLS

APN: 79175-0000-6