NOT LISTED FOR SALE

730 Penfield St Longboat Key, FL 34228

Estimated Value: $1,469,000 - $1,945,863

3 Beds
2.5 Baths
3,086 Sq Ft
$569/Sq Ft Est. Value

Last Sold August 13, 2024

Last sale price $1,675,000 $543 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $10,735/month

246 Days on Market

Highlights

  • Heated Above Ground Pool
  • Canal View
  • Balcony
  • Anna Maria Elementary School Rated A-
  • No HOA
  • Ceramic Tile Flooring

About This Home

As of August 2024

This canal front three-bedroom home on Longboat Key gives you the island lifestyle in a tropical sanctuary that is rich with lush,Florida-friendly landscaping. The home is located on a deep-water canal with direct access to Sarasota Bay and the intra-coastal waterway with no fixed bridges for enjoying fantastic boating and other water toys. The home is a split-level residence with three bedrooms and the master suite is completely private plus the master suite sliding glass doors open to the outdoor patio with views over the pool to the lovely waterway. The floor plan includes a stainless and granite galley kitchen, wet bar and wood burning fireplace. There is a grand two-story entry foyer. Soaring ceilings and a wealth of windows bring in natural daylight throughout the course of the day. The living room, dining room, kitchen and all bedrooms are conveniently located on one level. The 2,500 sq. ft. screened-in-lanai offers an extension of the living space with a multi-level deck and a heated pool all overlooking the canal. There is additional living/working space off the garage level. A two-car garage is located on ground level as well as a third garage area great for jet ski or small boat storage. The dock includes a lift for your boat. Located a short distance from the public beach access, the tranquil beaches of Longboat Key are yours to enjoy whether going for a swim in warm, Gulf waters, walking the beach or enjoying the sunset. Whether by boat or car, you're only minutes from world-class dining and shopping, a host of cultural amenities, and nearby barrier islands. New Roof put on in 2022.

Last Agent to Sell the Property

Reid Murphy

DEVELOPERS REALTY LBK, INC License #0613756 Listed on: 10/17/2023

Last Buyer's Agent

Matthew Gabel

OLYMPUS EXECUTIVE REALTY INC License #3595850

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,706

Year Built

  • Built in 1981

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 120x95
  • Property fronts a saltwater canal
  • South Facing Home
  • Property is zoned R4SF

Parking

  • 2 Car Garage

Home Design

  • Block Foundation
  • Slab Foundation
  • Tile Roof
  • Block Exterior

Interior Spaces

  • 3,086 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Ceramic Tile Flooring
  • Canal Views
  • Finished Basement

Kitchen

  • Convection Oven
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Heated Above Ground Pool
  • Access to Saltwater Canal
  • Dock made with Composite Material
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Sleepy Lagoon Community
  • Sleepy Lagoon Park 3 Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,706

Year Built

Built in 1981

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 3086
  • Lot Size Acres: 0.26
  • New Construction: No
  • Year Built: 1981
  • Building Area Total: 7008
  • Lot Size Sq Ft: 11400
  • Directions to Property: From South Longboat, go north on Gulf of Mexico Drive to right on General Harris to left on Penfield. #rd from end on right.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Owner
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1044447
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 542.77
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 1
  • MFR_DockDescription: Dock - Composite
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s)
  • Appliances Included: Convection Oven, Dishwasher, Electric Water Heater, Ice Maker
  • Foundation Details: Basement, Block, Slab
  • Total Bedrooms: 3
  • Levels: Two
  • Spa Yn: No
  • Stories: 1
  • Street Number Modifier: 730
  • Has Basement: Finished
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 286.70
  • Room Count: 5

Exterior Features

  • Direction Faces: South
  • Pool Features: Above Ground, Heated
  • Exterior Features: Balcony, Other
  • Roof: Tile
  • Pool Private: Yes
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Water Access: Canal - Saltwater
  • Water Extras YN: 0
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0

Fee Information

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

Lot Info

  • Zoning: R4SF
  • Parcel Number: 7851700505
  • Additional Parcels: No
  • Lot Dimensions: 120x95
  • Flood Zone Code: Ae
  • Homestead YN: 1
  • Lot Size Square Meters: 1059

Rental Info

  • Furnished: Unfurnished
  • Lease Restrictions YN: 0

Tax Info

  • Tax Annual Amount: 13705.7
  • Tax Book Number: 17-22
  • Tax Lot: 9

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2023
Closed on
Aug 9, 2024
Sold by
Marx P J
Bought by
730 Penfield St Llc
Seller's Agent
Reid Murphy
DEVELOPERS REALTY LBK, INC
Buyer's Agent
Matthew Gabel
OLYMPUS EXECUTIVE REALTY INC
List Price
$2,795,000
Sold Price
$1,675,000
Premium/Discount to List
-$1,120,000
-40.07%
Views
46
Current Estimated Value
$1,755,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,216
Avg. Annual Appreciation
4.60%
Original Mortgage
$382,500
Outstanding Balance
$378,531
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$1,376,685

Purchase Details

Closed on
Nov 18, 2014
Sold by
Kern Dennis J
Bought by
Marx P J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2003
Sold by
Louloudes Theodore J
Bought by
Kern Dennis J

Purchase Details

Closed on
Jun 6, 2002
Sold by
Lettera Anthony and Lettera Patricia
Bought by
Louloudes Theodore J

Purchase Details

Closed on
Mar 29, 2000
Sold by
P N C Mtg Corp Of Amer
Bought by
Lettera Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
8.34%

Purchase Details

Closed on
Jul 19, 1999
Sold by
Clerk Of Circuit Court Manatee Cty
Bought by
P N C Mtg Corp Of Amer

Purchase Details

Closed on
Feb 18, 1997
Sold by
Dunn Edita Barr
Bought by
Graves Gerald E
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
730 Penfield St Llc $1,675,000 Pillar Title Group
Marx P J $700,000 Attorney
Kern Dennis J $600,000 --
Louloudes Theodore J $650,000 --
Lettera Anthony $340,100 --
P N C Mtg Corp Of Amer -- --
Graves Gerald E $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 730 Penfield St Llc $382,500
Previous Owner 730 Penfield St Llc $382,500
Previous Owner Marx P J $32,000
Previous Owner Marx Pj $600,000
Previous Owner Marx P J $560,000
Previous Owner Kern Dennis J $938,250
Previous Owner Kern Dennis J $938,250
Previous Owner Lettera Anthony J $60,000
Previous Owner Lettera Anthony J $452,764
Previous Owner Lettera Anthony J $142,500
Previous Owner Lettera Anthony $272,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2024 08/13/24 Sold $1,675,000 -6.7% $543 / Sq Ft
06/20/2024 06/20/24 Pending -- -- --
06/18/2024 06/18/24 Price Changed $1,795,000 -25.1% $582 / Sq Ft
05/08/2024 05/08/24 Price Changed $2,395,000 -14.3% $776 / Sq Ft
10/17/2023 10/17/23 For Sale $2,795,000 -- $906 / 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 $14,067 $2,044,365 $680,000 $1,364,365
2024 $14,067 $942,162 -- --
2023 $13,968 $914,720 $0 $0
2022 $13,706 $888,078 $0 $0
2021 $13,328 $862,212 $0 $0
2020 $13,810 $850,308 $0 $0
2019 $13,576 $831,191 $0 $0
2018 $13,491 $815,693 $325,000 $490,693
2017 $12,658 $824,913 $0 $0
2016 $12,663 $807,946 $0 $0
2015 $10,168 $802,330 $0 $0
2014 $10,168 $644,797 $0 $0
2013 $9,955 $635,268 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4585460

Stellar MLS

APN: 78517-0050-5