NOT LISTED FOR SALE

723 Norsota Way Sarasota, FL 34242

Estimated Value: $3,756,000 - $7,345,000

3 Beds
3 Baths
3,706 Sq Ft
$1,590/Sq Ft Est. Value

Last Sold September 25, 2014

Last sale price $2,590,000 $699 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $42,265/month

250 Days on Market

Highlights

  • White Water Ocean Views
  • Access to Bay or Harbor
  • Property Fronts a Bay or Harbor
  • Phillippi Shores Elementary School Rated A
  • Boat Lift
  • Indoor Pool

About This Home

As of September 2014

This custom built Key West style waterfront home on the north end of Siesta Key offers one of the most spectacular views in all of Sarasota, overlooking Downtown, The John Ringling Causeway, Bird Key, and a front row seat to the 4th of July fireworks. The home greets its guests with lush Florida landscaping. Upon entering through the front door, you are immediately welcomed by over 3,700 SF of one level living space, complete with an expansive foyer, large open living room with fireplace and vaulted ceilings, dining room, great room, massive kitchen with high end appliances and plenty of storage, all featuring bay views from the moment you walk in the door. There are three en suite bedrooms, including the Master, which boasts its own wood burning fireplace, office area, intimate breathtaking views of Sarasota Bay and downtown city lights at night, and a Master Bath large enough to putt in. This property features two large boat docks with a 47,000 lb. lift and a 12,000 lb. lift. After docking, relax in the heated pool and spa enjoying the natural scenery this property offers. If all of this wasn't enough, imagine three 2-car garages to store up to six cars, and an additional covered area offering enough space for six more cars. For the added convenience of bringing in the groceries, there is an elevator from the garage straight up to the kitchen pantry. TWO RECENT CERTIFIED APPRAISALS - SELLER WILL SHARE WITH QUALIFIED BUYER.

Last Agent to Sell the Property

Peggy Mock

COLDWELL BANKER REALTY License #0365618 Listed on: 11/19/2013

COLDWELL BANKER REALTY

Co-Listed By

Mary Elizabeth Mock

COLDWELL BANKER REALTY License #3271318

Last Buyer's Agent

Jerry Strom

STROM & STROM LLC License #0389587

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,812

Year Built

  • Built in 1987

Lot Details

  • 0.42 Acre Lot
  • Property Fronts a Bay or Harbor
  • West Facing Home
  • Mature Landscaping
  • Irrigation
  • Landscaped with Trees
  • Property is zoned RSF1

Parking

  • 5 Car Garage
  • Garage Door Opener
  • Open Parking

Home Design

  • Key West Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof

Interior Spaces

  • 3,706 Sq Ft Home
  • Elevator
  • Open Floorplan
  • Cathedral Ceiling
  • Skylights
  • Blinds
  • Sliding Doors
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Storage Room
  • Inside Utility
  • White Water Ocean Views

Kitchen

  • Range with Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Solid Surface Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Pool

  • Indoor Pool
  • Saltwater Pool
  • Spa

Outdoor Features

  • Access to Bay or Harbor
  • No Fixed Bridges
  • Seawall
  • Boat Lift
  • Deck
  • Covered patio or porch
  • Exterior Lighting
  • Outdoor Storage

Location

  • Property is near public transit
  • City Lot

Utilities

  • Central Heating and Cooling System
  • Well
  • Water Softener is Owned
  • Cable TV Available

Community Details

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

Listing and Financial Details

  • Homestead Exemption
  • Tax Lot 11
  • Assessor Parcel Number 2019090032

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,812

Year Built

Built in 1987

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Key West
  • Construction Materials: Wood Frame
  • Fireplace: Yes
  • Living Area: 3706
  • Lot Size Acres: 0.42
  • New Construction: No
  • Year Built: 1987
  • Building Area Total: 10761
  • Lot Size Sq Ft: 18250
  • Directions to Property: North bridge to Siesta Key, 1st. right into Bay Island.
  • Status: Sold
  • Homestead Y N: Yes
  • Total Acreage: 1/4 to less than 1/2
  • Home Warranty Y N: No
  • Subdivision Num: 0634
  • Call Center Phone Number: 941-308-7777
  • Planned Unit Development Y N: No
  • Ratio: Close Price\List Price: 0.89619
  • Price per Sq Ft: 698.87
  • Close to Original List Price Ratio: 0.81064
  • Ratio: Current Price\Building Area Total: 240.68
  • View: Yes
  • Co List Office Mls Id: 281502392
  • Co List Office Phone: 941-388-4447
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2013
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Living Room, Master Bedroom
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Full Bathrooms: 3
  • Interior Amenities: Cathedral Ceiling(s), Elevator, High Ceiling(s), Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Skylight(s), Solid Surface Counters, Solid Wood Cabinets, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Range Hood, Refrigerator, Washer, Water Softener Owned
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: Yes
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 723
  • Room Count: 8
  • Additional Rooms: Inside Utility, Storage Rooms
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Other Structures: Storage
  • Pool Features: Indoor, Salt Water
  • Exterior Features: Hurricane Shutters, Irrigation System, Lighting, Sliding Doors, Storage
  • Roof: Metal
  • Pool Private: Yes
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Road Surface Type: Paved
  • Water View: Bay/Harbor - Full
  • Water Access: Bay/Harbor
  • Water Extras: Bridges - No Fixed Bridges, Lift, Sailboat Water, Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 5
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Oversized
  • Covered Parking Spaces: 5
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Public, Sprinkler Meter
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public, Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association Fee Requirement: None

Lot Info

  • Zoning: RSF1
  • Parcel Number: 2019090032
  • Additional Parcels: No
  • Lot Features: City Lot, Near Public Transit
  • Millage Rate: 16.74
  • Flood Zone Code: VE
  • Future Land Use: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 20812
  • Tax Book Number: 0002/0171
  • Tax Lot: 11

Multi Family

  • Waterfront Features: Bay/Harbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2022
Sold by
Meyer Urban & Shelley
Bought by
Shelley Jean Meyer Revocable Trust
Current Estimated Value
$5,978,028

Purchase Details

Listed on
Nov 19, 2013
Closed on
Sep 25, 2014
Sold by
Lee Clifford G
Bought by
Xavier Holdings Llc
Seller's Agent
Peggy Mock
COLDWELL BANKER REALTY
Buyer's Agent
Jerry Strom
STROM & STROM LLC
List Price
$3,195,000
Sold Price
$2,590,000
Premium/Discount to List
-$605,000
-18.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.94%

Purchase Details

Closed on
Aug 15, 1995
Sold by
Cail Thomas W and Cail Anne Marie
Bought by
Lee Clifford G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.54%
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
Shelley Jean Meyer Revocable Trust $100 --
Meyer Urban $100 --
Xavier Holdings Llc $2,590,000 Attorney
Lee Clifford G $1,012,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Clifford G $400,000
Previous Owner Lee Clifford G $550,000
Previous Owner Lee Clifford G $1,400,000
Previous Owner Lee Clifford G $1,200,000
Previous Owner Lee Clifford G $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2014 09/25/14 Sold $2,590,000 -10.4% $699 / Sq Ft
07/28/2014 07/28/14 Pending -- -- --
06/12/2014 06/12/14 Price Changed $2,890,000 +3.6% $780 / Sq Ft
04/28/2014 04/28/14 Price Changed $2,790,000 -3.0% $753 / Sq Ft
01/24/2014 01/24/14 Price Changed $2,875,000 -10.0% $776 / Sq Ft
11/19/2013 11/19/13 For Sale $3,195,000 -- $862 / 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 $114,424 $7,084,300 $4,577,000 $2,507,300
2023 $114,424 $7,736,600 $4,588,500 $3,148,100
2022 $70,348 $6,144,500 $3,922,700 $2,221,800
2021 $55,930 $3,948,700 $2,477,800 $1,470,900
2020 $47,529 $2,940,700 $1,911,900 $1,028,800
2019 $41,259 $2,543,700 $2,130,400 $413,300
2018 $41,373 $2,543,100 $2,045,700 $497,400
2017 $42,710 $2,524,060 $0 $0
2016 $40,350 $2,549,100 $1,966,500 $582,600
2015 $35,818 $2,086,000 $1,610,100 $475,900
2014 $20,847 $1,203,836 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2014

    Peggy Mock

    COLDWELL BANKER REALTY

    (941) 356-3584

    3 in this area

    16 Total Sales

    Section Image
  • Mary Elizabeth Mock

    Seller Co-Listing Agent in 2014

    Mary Elizabeth Mock

    COLDWELL BANKER REALTY

    (941) 330-6200

    3 in this area

    43 Total Sales

    Section Image

  • J

    Buyer's Agent in 2014

    Jerry Strom

    STROM & STROM LLC

    (941) 650-8294

    1 in this area

    5 Total Sales

    Section Image
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Map

Source: Stellar MLS

MLS Number: A3988131

Stellar MLS

APN: 2019-09-0032

Florida Sarasota County Sarasota 34242

723 Norsota Way, Sarasota, FL

This home is located at 723 Norsota Way, Sarasota, FL 34242 since 19 November 2013 and is currently estimated at $5,892,096, approximately $1,589 per square foot. This property was built in 1987. 723 Norsota Way is a home located in Sarasota County with nearby schools including Phillippi Shores Elementary School, Brookside Middle School, and Sarasota High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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