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$719,900   Price Analysis
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1048 W Peppertree Ln # 118B
Sarasota, FL 34242
2 bed 2 bath 975 SqFt ($738/SqFt)
7.21 acre lot. Built 1974
Listed 2024-03-14, HOA $857, Taxes $5,122
Ⓧ USDA Ineligible
due to location

near Sarasota

Welcome to your new piece of paradise in Peppertree Bay at Siesta Key!

This charming 2-bedroom, 2-bathroom condo is located on the coveted Gulf side of Peppertree Bay with a short walk to the white sands of Siesta Key bech. Step inside to find a meticulously furnished getaway with tile throughout the main areas, providing both durability and elegance. The glassed-in 8x18 lanai extends your living space providing the ultimate perch for coffee, cocktails and al fresco dining. The condo also has a washer and dryer. Large storage closet off the lanai.

Both bedrooms are comfortably carpeted, with the master bedroom featuring a vast walk-in closet, providing ample storage. Peppertree Bay boasts a plethora of amenities to enhance your lifestyle, including two heated swimming pools, clubhouse, BBQ grills, fishing pier on the bay, fitness center, sauna, tennis and pickleball courts and top-notch security for your peace of mind. Rentals are one-month minimum with 4 individual leases per year. Peppertree is near shopping, dining, entertainment, golfing, boating and the arts and culture of Downtown Sarasota. Whether you're seeking a permanent residence or a vacation retreat, this condo offers the perfect blend of comfort, convenience and enjoyment.


Presented by Marc Rasmussen at
Corcoran Dwellings.
Listing Agent Photo

Property MLS #A4603520 from StellarMLS

Bedrooms: 2
Primary Bedroom Dimensions: 10 x 12
Bedroom 2 Dimensions: 11 x 14
Primary Bedroom Level: First
Bedroom 2 Level: First

Total Rooms: 5
Florida Room Dimensions: 18 x 8
Living Room Dimensions: 17.5 x 14.5
Florida Room Level: First
Living Room Level: First
Extra Room-1 Description: Florida Room

Total Bathrooms: 2
Full Bathrooms: 2

Walk-In Closet(s)
Furnished Description: Furnished
Flooring: Carpet, Ceramic Tile

Dishwasher
Dryer
Microwave
Range
Refrigerator
Washer
Laundry Features: Inside

Cooling Features: Central Air
Heating Features: Central

Kitchen Dimensions: 11 x 12
Kitchen Level: First

Sliding Doors
Road Surface Type: Paved

Lake
Pond

Lot Size Acres: 7.21
Lot Size Square Feet: 314253

Association: Yes
Association Fee Frequency: Monthly
Association Fee Includes: Cable TV, Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Internet, Management, Pest Control, Recreational Facilities, Security, Sewer, Trash, Water
Calculated Total Monthly Association Fees: 857
Association Name: Peppertree Bay/ Will Seeley
Pets Allowed: No

Unit Floor In Building: 1

Lease Term: Minimum Lease: 1 Month

Community Features: Buyer Approval Required, Deed Restrictions, Fitness Center, Pool, Tennis Courts

Annual Tax Amount: 5741
Source Listing Status: Active
County: Sarasota
Directions: North on Midnight Pass, turn right on Peppertree Ln
Tax Year: 2023
Ownership: Condominium
Source Property Type: Residential
Area: 34242 - Sarasota/Crescent Beach/Siesta Key
Property Subtype: condo
Source Neighborhood: PEPPERTREE BAY IV
Parcel Number: 0106034112
Postal Code Plus 4: 3255
Subdivision: PEPPERTREE BAY IV
Township: 37
Zoning: RMF3
Property Features: Condo Fees: 857 Monthly
Property Subtype: Condominium
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$345,400
$5,122
2021$314,000 + $unknown
$314,000
$4,194
2020$292,700 + $unknown
$292,700
$4,001
2019$unknown + $unknown
$315,370
$4,246
2018$286,700 + $unknown
$286,700
$3,869
2017$296,300 + $unknown
$296,300
$4,003
2016$334,000 + $unknown
$334,000
$4,226
2015$237,200 + $unknown
$237,200
$3,460
2014$unknown + $unknown
$270,402
$4,009
2013$unknown + $unknown
$240,020
$3,676
2012$unknown + $unknown
$218,200
$3,237
2011$unknown + $unknown
$218,200
$3,186
2010$unknown + $unknown
$236,100
$3,516
2009$unknown + $unknown
$278,000
$3,954
2008$unknown + $unknown
$346,600
$4,670
2007$unknown + $unknown
$408,500
$5,479

Price Changed 2024-04-09
$719,900
StellarMLS
Listed 2024-03-14
$747,500
StellarMLS
Sold 2010-07-08
$290,000
Public Record
Sold 1991-02-05
$107,000
Public Record
Sold 1977-08-01
$46,500
Public Record

Total Square Feet Living: 975
Year Built: 1974
Building Area Source: Public Records
Building Area Total: 1105
Building Name: B
Construction Materials: Brick
Direction Faces: North
Foundation Details: Slab
Levels: One
Property Age: 50
Roof: Shingle
Levels or Stories: 1
Building Total Stories: 1

Sewer: Public Sewer
Cable Available
Electricity Available
Street Lights
Water Source: Public

Phillippi Shores Elementary School is a public elementary school located approximately 2 miles away.
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Brookside Middle School is a public middle school located approximately 3 miles away.
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Sarasota High School is a public high school located approximately 4.6 miles away.
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Mangrove School of Sarasota is a private elementary and middle school located approximately 0.9 miles away.
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Saltmeadow School is a private elementary, middle and high school located approximately 0.9 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.