NOT LISTED FOR SALE

7508 Midnight Pass Rd Sarasota, FL 34242

Estimated Value: $5,054,000 - $6,133,000

6 Beds
6.5 Baths
7,637 Sq Ft
$754/Sq Ft Est. Value

Last Sold May 30, 2013

Last sale price $2,275,000 $298 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $33,482/month

72 Days on Market

Highlights

  • 158 Feet of Waterfront
  • Beach Access
  • Partial Gulf or Ocean Views
  • Phillippi Shores Elementary School Rated A
  • Heated Indoor Pool
  • 1.14 Acre Lot

About This Home

As of May 2013

For the connoisseur of unique contemporary architecture and island living, a landmark home on Siesta Key. This one-of-a-kind walled, gated estate is situated on over an acre on tranquil Heron Lagoon. Located on the grounds of the Sanderling Club, this home offers privacy and dramatic architectural features and with over 7,600 air-conditioned sq. ft. and 6 bedrooms, 5 bathrooms, 3 half baths, is well suited for large-scale entertaining or a large family. Upon entering the two story foyer, the main focus isthe spectacular, curved sculptural two-story glass and bentwood staircase, a piece of art in its own right. Soaring ceilings and beautifully designed windows with expanses of glass allow the lush tropical landscape to be enjoyed from indoors. Marble & wood floors throughout, step-down living and family rooms, an oversized gourmet island kitchen with a full walk-in pantry and an expansive pool/spa are a few of the highlights of this unique home, along with a rare 8,000 bottle climate-controlled wine cellar. Upstairs, the 2-story owner's bedroom suite, with private balcony, is highlighted by a spiral staircase that leads to a loft area, affording lovely views of the Gulf of Mexico. Elevator to all floors, three car garage. Private gulf side beach club andclubhouse and dockage for your boat, no bridges to the bay from the bayside community dock. Located minutes from Siesta Key Beach and quaint Siesta Village, minutes by car to restaurants and museums of cultural downtown Sarasota.

Last Agent to Sell the Property

Judie Berger

PREMIER SOTHEBY'S INTERNATIONAL REALTY Brokerage Phone: 941-364-4000 License #0671663 Listed on: 02/15/2013

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Judie Berger

PREMIER SOTHEBY'S INTERNATIONAL REALTY Brokerage Phone: 941-364-4000 License #0671663 Listed on: 02/15/2013

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,764

Year Built

  • Built in 1994

Lot Details

  • 1.14 Acre Lot
  • 158 Feet of Waterfront
  • Lake Front
  • Property fronts gulf or ocean
  • East Facing Home
  • Fenced
  • Mature Landscaping
  • Oversized Lot
  • Irrigation
  • Landscaped with Trees
  • Property is zoned RE2

HOA Fees

  • $267 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway

Property Views

  • Partial Bay or Harbor
  • Pool

Home Design

  • Contemporary Architecture
  • Entry on the 2nd floor
  • Slab Foundation
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 7,637 Sq Ft Home
  • Open Floorplan
  • Bar Fridge
  • Cathedral Ceiling
  • Skylights
  • French Doors
  • Entrance Foyer
  • Family Room
  • Separate Formal Living Room
  • Formal Dining Room
  • Den
  • Loft
  • Bonus Room
  • Inside Utility

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Refrigerator
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Pool

  • Heated Indoor Pool
  • Saltwater Pool
  • Spa
  • Auto Pool Cleaner

Outdoor Features

  • Beach Access
  • Fishing Pier
  • Deeded access to the beach
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Exterior Lighting

Location

  • Flood Zone Lot

Schools

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

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 1 / D
  • Assessor Parcel Number 0110130005

Community Details

Overview

  • Siesta Properties Inc Community
  • Siesta Properties Inc Subdivision
  • The community has rules related to building or community restrictions, deed restrictions

Recreation

  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,764

Year Built

Built in 1994

Lot Details

0

HOA Fees

$267 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 7637
  • Lot Size Acres: 1.14
  • New Construction: No
  • Year Built: 1994
  • Building Area Total: 12755
  • Lot Size Sq Ft: 49477
  • Directions to Property: West on Stickney Point, left on Midnight Pass Rd. Head south on Midnight Pass Road to #7508, home is on right (west) side.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Floor Number: 2
  • List Office Head Office Key Nume: 1037329
  • RATIO Current Price By Calculate: 297.89
  • Total Acreage: 1 to less than 2
  • Water Access YN: 1
  • MFR_CommunityAssociationWaterFeatures: Boat Slip,Dock,Private Boat Ramp,Water Access
  • Attribution Contact: 941-364-4000
  • Tax Year: 2012
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Marble, Wood
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Interior Amenities: Cathedral Ceiling(s), Eat-in Kitchen, High Ceilings, Open Floorplan, Skylight(s), Solid Surface Counters, Split Bedroom, Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances Included: Bar Fridge, Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Microwave, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 6
  • Spa Yn: Yes
  • Street Number Modifier: 7508
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Bonus Room,Den/Library/Office,Family Room,Formal Dining Room Separate,Formal Living Room Separate,Foyer,Inside Utility,Loft
  • Living Area Meters: 709.50
  • Room Count: 12

Exterior Features

  • Direction Faces: East
  • Pool Features: Auto Cleaner, Heated, Indoor, Salt Water
  • Exterior Features: Balcony, French Doors, Hurricane Shutters, Irrigation System, Lighting
  • Roof: Built-Up, Other
  • Home Warranty: No
  • Pool Private: Yes
  • View: Pool, Water
  • Water Body Name: HERON LAGOON
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Water Access: Beach,Beach - Access Deeded
  • Water Extras: Fishing Pier
  • Water Extras YN: 1
  • Water View: Gulf/Ocean - Partial
  • Water View YN: 1
  • Waterfront Feet Total: 158

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Driveway, Garage Door Opener

Utilities

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

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Special Community Restrictions, Waterfront Complex
  • Association Amenities: Recreation Facilities
  • Association Fee: 3200
  • Association Fee Frequency: Annually
  • Association: Yes
  • Security: Security System Owned, Smoke Detector(s)
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 3200.00
  • Total Monthly Fees: 266.67

Schools

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

Lot Info

  • Zoning: RE2
  • Parcel Number: 0110130005
  • Additional Parcels: No
  • Fencing: Fenced
  • Lot Features: FloodZone, In County, Oversized Lot, Paved
  • Homestead YN: 0
  • Zoning Compatible YN: 1
  • Future Land Use: 0100

Rental Info

  • Pets Allowed: Yes
  • Expected Lease Date: 2013-05-30T00:00:00.000

Tax Info

  • Tax Annual Amount: 25764
  • Tax Block: D
  • Tax Book Number: 0004/0070
  • Tax Lot: 1

Multi Family

  • Waterfront Features: Gulf/Ocean, Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2013
Closed on
May 30, 2013
Sold by
Weltman Alexandra and Weltman Edward S
Bought by
Powers Christopher and Powers Megan
Seller's Agent
Judie Berger
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Judie Berger
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$2,700,000
Sold Price
$2,275,000
Premium/Discount to List
-$425,000
-15.74%
Current Estimated Value
$5,761,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,486,127
Avg. Annual Appreciation
7.99%

Purchase Details

Closed on
Oct 4, 2010
Sold by
Weltman Edward S and Weltman Judy R
Bought by
Weltman Edward S

Purchase Details

Closed on
Oct 15, 2008
Sold by
Delpizzo Alphonse and Di Nubile Delpizzo Carol
Bought by
Weltman Edward S and Weltman Judy R
Source: Public Records

Range of Values:

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
Powers Christopher $2,275,000 Attorney
Weltman Edward S -- Attorney
Weltman Edward S $2,150,000 Attorney
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2013 05/30/13 Sold $2,275,000 -15.7% $298 / Sq Ft
05/01/2013 05/01/13 For Sale $2,700,000 0.0% $354 / Sq Ft
04/29/2013 04/29/13 Pending -- -- --
04/28/2013 04/28/13 Pending -- -- --
02/15/2013 02/15/13 For Sale $2,700,000 -- $354 / 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 $32,053 $2,742,976 -- --
2023 $32,053 $2,665,545 $0 $0
2022 $31,411 $2,587,908 $0 $0
2021 $31,668 $2,542,232 $0 $0
2020 $31,907 $2,507,132 $0 $0
2019 $31,049 $2,450,764 $0 $0
2018 $30,527 $2,405,068 $0 $0
2017 $30,426 $2,355,600 $548,800 $1,806,800
2016 $32,910 $2,499,400 $525,400 $1,974,000
2015 $34,762 $2,573,400 $483,400 $2,090,000
2014 $29,430 $1,913,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A3973624

Stellar MLS

APN: 0110-13-0005