NOT LISTED FOR SALE

771 Old Compass Rd Longboat Key, FL 34228

Estimated Value: $4,335,000 - $9,041,000

4 Beds
5.5 Baths
5,259 Sq Ft
$1,358/Sq Ft Est. Value

Last Sold March 15, 2021

Last sale price $6,850,000 $1,303 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $46,010/month

187 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Heated Spa
  • Outdoor Kitchen
  • Anna Maria Elementary School Rated A-
  • Wood Flooring
  • High Ceiling

About This Home

As of March 2021

Exceptional direct Bayfront custom Key West style home has spectacular water views plus extraordinary designer details.This magnificent Bayfront home was upgraded in 2018/2019 and features the highest designer finishes plus new lush landscaping. The entry showcases dramactic reclaimed cypress wood doors with carved impact glass. Gorgeous French oak oiled finished wood flooring runs through-out the home. The open floor plan flows from the kitchen and family gathering area and opens to the outdoor living area through pocketing sliding glass doors. The kitchen features custom Amish cabinets and top of the line deluxe appliances plus exquisite granite and a new dynamic backsplash . A formal dining room is conveniently located near the kitchen. A custom made free standing oak staircase leads to the three levels. The private master suite has two porches showcasing amazing water views of Sarasota Bay and beyond. Handmade tiles enhance his and her bathrooms. The master suite also features his and her closets plus a laundry room. Three additional en suite bedrooms plus library/ den are also located on the second level plus a fully equipped dedicated home theatre room. A large office area featuring dramatic, exposed wood ceiling beams is on the third level. Sunsets and sunrise are enjoyed from the top floor viewing deck. Outdoor living area has a beautiful heated pool and spa finished with handmade waterline tiles, an outdoor kitchen and custom outdoor fire pit. There is a five stop elevator, a full house generator and exterior solar pool panels. Lush tropical foliage surrounds the home and a custom dock with lifts for the boaters enjoyment.

Last Agent to Sell the Property

Reid Murphy

DEVELOPERS REALTY LBK, INC License #0613756 Listed on: 08/31/2020

Last Buyer's Agent

Heather Lauter

COMPASS FLORIDA LLC License #3262662

COMPASS FLORIDA LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $55,647

Year Built

  • Built in 2012

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 109x155
  • Property Fronts a Bay or Harbor
  • South Facing Home
  • Irrigation
  • Property is zoned R4SF

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Slab Foundation
  • Metal Roof
  • Cement Siding
  • Block Exterior

Interior Spaces

  • 5,259 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Furnished
  • Bar Fridge
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • Family Room Off Kitchen
  • Water Views
  • Dryer

Kitchen

  • Eat-In Kitchen
  • Built-In Convection Oven
  • Cooktop
  • Ice Maker
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Carpet
  • Travertine

Bedrooms and Bathrooms

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

Home Security

  • Home Security System
  • Security Lights
  • Fire and Smoke Detector

Pool

  • Heated Spa
  • Heated Above Ground Pool
  • Outdoor Shower
  • Auto Pool Cleaner

Outdoor Features

  • Balcony
  • Outdoor Kitchen
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Propane
  • Thermostat
  • Electric Water Heater
  • Fiber Optics Available
  • Cable TV Available

Community Details

  • Emerald Harbor Community
  • Emerald Harbor Unit 2 Subdivision

Listing and Financial Details

  • Tax Lot 78
  • Assessor Parcel Number 7888100000

Home Details

Home Type

Single Family

Est. Annual Taxes

$55,647

Year Built

Built in 2012

Lot Details

0

HOA Fees

$42 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Water Extras: Assigned Boat Slip, Bridges - No Fixed Bridges, Dock - Composite
  • Water View: Yes
  • Construction Materials: Block, Cement Siding
  • Fireplace: Yes
  • Living Area: 5259.00
  • Homestead: Yes
  • Lot Size Acres: 0.39
  • Year Built: 2012
  • Building Area Total: 7000.00
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4476818?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4476818?w=Customer
  • Lot Size Sq Ft: 16897
  • Building Search Sq Meters: 650.32
  • Directions to Property: From Gulf of Dr, enter Emerald harbor on Binnacle Point Drive, left on Emerald Harbor Dr then take right on Old Compass Rd to end of Road.
  • List Office Head Office Key Nume: 1046763
  • Status: Sold
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Room Count: 10
  • Living Area Units: Square Feet
  • Flooring: Carpet, Travertine, Wood
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, Elevator, High Ceiling(s), Kitchen/Family Room Combo, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s), Wet Bar, Window Treatments
  • Appliances Included: Bar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: Three Or More
  • Spa Features: Heated
  • Spa Yn: Yes
  • Stories: 3
  • Living Area Meters: 488.58
  • Street Number Modifier: 771

Exterior Features

  • Direction Faces: South
  • Water Extras: Yes
  • Waterfront Feet Bay Harbor: 218
  • Water Access: Bay/Harbor, Beach - Access Deeded
  • Pool Features: Above Ground, Auto Cleaner, Heated
  • Exterior Features: Balcony, Irrigation System, Lighting, Outdoor Grill, Outdoor Kitchen, Outdoor Shower
  • Roof: Metal
  • Water View: Bay/Harbor - Full
  • Flood Zone Code: Ae
  • Water Access: Yes
  • Pool Private: Yes
  • Water Body Name: SARASOTA BAY
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3
  • Garage Yn: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Fiber Optics, Fire Hydrant
  • Cooling: Central Air
  • Heating: Central, Propane
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • S W Subdiv Community Name: Emerald Harbor
  • Monthly HOA Fees: 41.67
  • Association Fee: 500.00
  • Association Fee Frequency: Annually
  • Association Fee Requirement: Optional
  • Association: Yes
  • Security: Closed Circuit Camera(s), Security Lights, Security System, Smoke Detector(s)

Fee Information

  • Waterfront Frontage: 218
  • Total Annual Fees: 500.00
  • Total Monthly Fees: 41.67

Lot Info

  • Total Acreage: 1/4 to less than 1/2
  • Zoning: R4SF
  • Parcel Number: 7888100000
  • Lot Dimensions: 109x155
  • Lot Size Square Meters: 1570

Rental Info

  • Minimum Lease: 1 Month
  • Furnished: Furnished
  • Pets Allowed: Yes

Tax Info

  • Tax Annual Amount: 55646.53
  • Tax Book Number: 12-41
  • Tax Lot: 78

Multi Family

  • Waterfront Features: Bay/Harbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2020
Closed on
Mar 15, 2021
Sold by
Beasley Mary Beth and The 2018 Beasley Realty Trust
Bought by
Pyke Mark Delbert and Pyke Gail Reeder
Seller's Agent
Reid Murphy
DEVELOPERS REALTY LBK, INC
Buyer's Agent
Heather Lauter
COMPASS FLORIDA LLC
List Price
$6,950,000
Sold Price
$6,850,000
Premium/Discount to List
-$100,000
-1.44%
Current Estimated Value
$7,140,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,613
Avg. Annual Appreciation
2.03%

Purchase Details

Listed on
Oct 7, 2016
Closed on
Apr 11, 2018
Sold by
White Vicki D and White Pual E
Bought by
Beasley Mary Beth
Seller's Agent
Reid Murphy
DEVELOPERS REALTY LBK, INC
Buyer's Agent
Reid Murphy
DEVELOPERS REALTY LBK, INC
List Price
$5,200,000
Sold Price
$4,250,000
Premium/Discount to List
-$950,000
-18.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.69%

Purchase Details

Closed on
Sep 9, 2009
Sold by
Turman Lloyd A and Atherton Susan M
Bought by
White Paul E and White Vicki D

Purchase Details

Closed on
Mar 28, 2003
Sold by
Phelan John T and Phelan Ilene S
Bought by
Turman Lloyd A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.82%
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
Pyke Mark Delbert $6,850,000 Attorney
Beasley Mary Beth $4,250,000 Attorney
White Paul E $1,375,000 Attorney
Turman Lloyd A $1,200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner White Paul E $1,500,000
Previous Owner Turman Lloyd A $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2021 03/15/21 Sold $6,850,000 -1.4% $1,303 / Sq Ft
03/06/2021 03/06/21 Pending -- -- --
02/08/2021 02/08/21 For Sale $6,950,000 0.0% $1,322 / Sq Ft
01/13/2021 01/13/21 Pending -- -- --
08/31/2020 08/31/20 For Sale $6,950,000 +63.5% $1,322 / Sq Ft
04/11/2018 04/11/18 Sold $4,250,000 -13.2% $800 / Sq Ft
03/21/2018 03/21/18 Pending -- -- --
01/19/2018 01/19/18 Price Changed $4,895,000 -2.0% $921 / Sq Ft
07/18/2017 07/18/17 Price Changed $4,995,000 -3.9% $940 / Sq Ft
10/07/2016 10/07/16 For Sale $5,200,000 -- $978 / 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 $84,727 $5,845,356 -- --
2024 $84,727 $5,680,618 -- --
2023 $84,207 $5,515,163 $0 $0
2022 $82,654 $5,354,527 $606,250 $4,748,277
2021 $56,421 $3,604,816 $550,000 $3,054,816
2020 $55,647 $3,380,399 $531,250 $2,849,149
2019 $56,005 $3,383,089 $531,250 $2,851,839
2018 $27,400 $1,653,764 $0 $0
2017 $25,271 $1,619,749 $0 $0
2016 $25,291 $1,586,434 $0 $0
2015 $25,579 $1,575,406 $0 $0
2014 $25,579 $1,562,903 $0 $0
2013 $25,049 $1,539,806 $638,050 $901,756
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4476818

Stellar MLS

APN: 78881-0000-0