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$1,100,000   Valuation Analysis
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240 Sands Point Rd Unit 4206
Longboat Key, FL 34228
1 bed 1 bath 640 SqFt ($1718/SqFt)
4.13 acre lot. Built 1982
Listed 2024-02-02, HOA $1477, Taxes $6,871
Ⓧ USDA Ineligible
due to price & location

near Longbeach

Enjoy full direct views of the Gulf of Mexico along with a healthy income from this completely renovated

* No Longer For Sale *
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Turnkey furnished Junior Suite at the renowned Resort at Longboat Key Club managed by Ocean Properties. Located in the private and highly desirable Building 4, this unit is the positioned closest to the beach and is currently in the hotel program with a reported income of $140 K in 2023 gross revenue. As an owner, you are able to take advantage of the amenities offered by the 410 acre member-only Longboat Key Club while using your owner time.

These include fine dining in 5 exclusive restaurants, 45 holes of Championship Golf, the award-winning Tennis Gardens, spa/wellness center, white sand beach with umbrellas and waitstaff and a full-service marina. The renovated rooms, main dining area, pool and guest services provide n enhanced product and elevated experience to a property that already accumulates a mulititude of awards including the AAA Four-Diamond Award and Cond Nast Travelers Top Florida Resorts. Start enjoying the Longboat Life today!


Presented by Ian Addy, PA at
Michael Saunders & Company - Longboat Key South Office.
Listing Agent Photo

Property MLS #A4598072 from StellarMLS

Bedrooms: 1
Primary Bedroom Dimensions: 15 x 25
Primary Bedroom Level: First

Total Rooms: 3
Living Room Dimensions: 15 x 25
Living Room Level: First

Total Bathrooms: 1
Full Bathrooms: 1

Ceiling Fans(s)
Crown Molding
Living Room/Dining Room Combo
Stone Counters
Window Treatments
Furnished Description: Turnkey
Flooring: Tile, Vinyl
Window Features: Drapes

Cooktop
Dishwasher
Dryer
Exhaust Fan
Microwave
Refrigerator
Washer
Laundry Features: Inside, Laundry Closet

Cooling Features: Central Air
Heating Features: Central

Kitchen Dimensions: 8 x 9
Kitchen Level: First

Water Body Name: GULF OF MEXICO DRIVE
Water Features: Beach, Gulf/Ocean
Beach Front
Gulf/Ocean
Waterfront Feet: 2

Balcony
Sliding Doors
Tennis Court(s)
Road Surface Type: Asphalt

Lot Description: CoastalConstruction Control Line
Lot Size Acres: 4.13
Lot Size Square Feet: 180036

Parking Features: Open, Under Building

View: Water

Association: Yes
Association Amenities: Cable TV, Elevator(s), Fitness Center, Gated, Golf Course, Pool, Spa/Hot Tub, Tennis Court(s)
Association Fee Includes: Cable TV, Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Management, Sewer, Trash, Water
Calculated Total Monthly Association Fees: 1477
Association Name: AMI/Neil Fleet
Pets Allowed: No

Unit Floor In Building: 2

Lease Term: Minimum Lease: 1-7 Days

Community Features: Buyer Approval Required, Deed Restrictions, Fitness Center, Gated Community - Guard, Golf, Pool, Tennis Courts

0
Community Association WaterFeatures
Annual Tax Amount: 8083
Source Listing Status: Closed
County: Sarasota
Directions: North on Gulf of Mexico Drive from St. Armands. Left on Longboat Club Rd. Left on Sands Point Road. Right in to Resort. Building 4 is the farthest to the north and is labeled 240 Sands Point Road on the front of building.Take elevator to 2nd floor. Unit is all the way down towards beach.
Tax Year: 2023
Ownership: Condominium
Source Property Type: Residential
Area: 34228 - Longboat Key
Property Subtype: condo
Source Neighborhood: INN ON THE BEACH PH II
Parcel Number: 0013042013
Postal Code Plus 4: 3935
Subdivision: INN ON THE BEACH PH II
Township: 36
Zoning: GPD
Property Features: Condo Fees: 4431 Quarterly
Property Subtype: Condominium
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$498,800 + $unknown
$498,800
$6,871
2021$unknown + $unknown
$470,900
$6,943
2020$381,000 + $unknown
$381,000
$5,678
2019$397,000 + $unknown
$397,000
$5,768
2018$394,000 + $unknown
$394,000
$5,765
2017$407,000 + $unknown
$407,000
$6,059
2016$384,000 + $unknown
$384,000
$5,831
2015$359,000 + $unknown
$359,000
$5,605
2014$unknown + $unknown
$321,200
$5,102
2013$unknown + $unknown
$292,000
$4,380
2012$unknown + $unknown
$266,000
$3,902
2011$unknown + $unknown
$290,000
$4,189
2010$unknown + $unknown
$312,000
$4,632
2009$unknown + $unknown
$348,000
$5,079
2008$unknown + $unknown
$418,000
$5,855
2007$unknown + $unknown
$465,150
$6,506

Sold 2024-03-28
$1,100,000
StellarMLS
Listed 2024-02-02
$1,100,000
StellarMLS
Sold 2014-08-30
$489,000
StellarMLS
Relisted 2014-06-20
$489,000
StellarMLS
Listing removed 2014-06-18
$489,000
StellarMLS
Listed 2014-05-12
$489,000
StellarMLS
Sold 1997-10-03
$250,000
Public Record
Sold 1983-05-01
$161,800
Public Record

Total Square Feet Living: 640
Year Built: 1982
Building Area Source: Public Records
Building Area Total: 640
Building Name: BUILDING 4
Construction Materials: Block
Direction Faces: Southeast
Foundation Details: Stilt/On Piling
Levels: One
Property Age: 42
Levels or Stories: 6
Building Total Stories: 6
Elevator: Yes
Architectural Style: Custom

Sewer: Public Sewer
BB/HS Internet Available
Cable Connected
Public
Water Source: Public

Southside Elementary School is a public elementary school located approximately 4 miles away.
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Booker Middle School is a public middle school located approximately 4.9 miles away.
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Sarasota Military Academy is a public middle and high school located approximately 3.4 miles away.
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Out-Of-Door Academy is a private elementary, middle and high school located approximately 3.7 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.