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    $1,389,000

  • 1/19/17 | MLS#: A4153678
  • 2Beds
  • 2Baths
  • 1,284Sq Ft

240 SANDS POINT ROAD #4605 LONGBOAT KEY, FL 34228

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Listing provided courtesy of: Michael Saunders & Company

Overview

This rarely available one-of-a-kind penthouse lock-out unit in building 4 towers over the Gulf of Mexico offering spectacular views from every room. The 2015 gross annual income for was over $189,000+ (highest income of any 2 bedroom listings for sale) and the year-to-date income through August 2016 is $157,000+. The entire unit has been superbly renovated throughout with exquisite upgrades unique to this condo including quartz counter tops, stainless steel appliances, Kitchen Island, wood accents, and a glass enclosed shower. This is a prototype for future hotel renovations and offers new owners savings on future renovations. This extraordinary resort is a condominium-hotel offering buyers attractive rental possibilities and the lock-out feature in this stand out unit typically generates the most revenue. Inn on the Beach is located behind the prestigious gates of the members only Longboat Key Club just off the mainland of Sarasota. You may choose to participate in the Ownership Rental Program or use it as your very own vacation paradise. By joining the rental program, you will be entitled to the use of the amenities at Longboat Key Club & Resort and you and your guests will be pampered with fine dining, golf, tennis, spa, fitness center, children's camp, club concierge, maid service and friendly staff to make your vacation a memorable one.

General Features

  • Zoning GPD
  • Year Built 1982
  • Subdivision Name INN ON THE BEACH PH II
  • Pets Allowed No
  • Other Structures Tennis Court(s)
  • Monthly Condo Fee Amount 984
  • Furnished Furnished
  • Disclosures Seller Property Disclosure
  • County Or Parish Sarasota
  • Community Features Buyer Approval Required, Deed Restrictions, Fitness, Gated Community, Pool, Tennis Courts, Water Access, Waterfront Complex
  • Association Fee Includes Cable TV,Community Pool,Escrow Reserves Fund,Insurance,Maintenance Exterior,Maintenance Grounds,Manager,Private Road,Sewer,Trash,Water
  • Association Approval Required YN 1
  • Association Amenities Elevators, Fitness Center, Gated, Spa/Hot Tub, Tennis Court(s)
  • Additional Rooms Foyer
  • Additional Lease Restrictions See condo docs.

Building Features

  • Full Bathrooms 2
  • Architectural Style Custom
  • Appliances Built-In Oven, Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Stories Total 6
  • Spa Yn 1
  • Room Count 4
  • Security Features Gated Community, Smoke Detector(s)
  • Roof Other
  • Patio And Porch Features Covered, Deck, Patio, Porch
  • Levels One
  • Window Features Blinds, Window Treatments
  • Living Area 1284.00
  • Interior Features Ceiling Fans(s), Crown Molding, Elevator, Furnished, Living Room/Dining Room Combo, Split Bedroom, Stone Counters, Window Treatments
  • Heating Central
  • Foundation Details Slab
  • Flooring Carpet
  • Floor Number 6
  • Exterior Features Sliding Doors, Balcony, Tennis Court(s)
  • Direction Faces South
  • Cooling Central Air
  • Construction Materials Block
  • Building Name Number BUILDING 4
  • Building Elevator YN 1
  • Building Area Total 1,284
  • Building Area Source Public Records

Property Features

  • Pool Features Heated, Salt Water
  • Property Description Mid Rise
  • View Water
  • Vegetation Trees/Landscaped
  • Total Acreage Non-Applicable
  • Lot Features Street Private
  • Waterfront Yn 1
  • Waterfront Feet Total 2400
  • Waterfront Features Beach - Private, Gulf/Ocean
  • Water View Yn 1
  • Water View Beach, Gulf/Ocean - Full
  • Water Frontage Feet Gulf Ocean 1200
  • Water Frontage Feet Beach Prvt 1200
  • Water Body Name GULF OF MEXICO
  • Water Access Yn 1
  • Water Access Beach - Public

Schools

  • Elementary School Southside Elementary
  • High School Booker High
  • Middle Or Junior School Booker Middle

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Days on Market

  • This property was listed on the market for 47 days
  • Average days-on-market for homes between $1,111,200 - $1,666,800 = 124 (in zip code 34228)

Location

The property map location is: Accurate, based on Google's address match.

Walk Score

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Home Valuation

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Community Demographics for Zip Code 34228 (LONGBOAT KEY)

Housing Occupancy
  • Home Owners: 3,576 (35%)
  • Renters: 52 (1%)
  • Vacant: 6,714 (65%)
  • Total Housing Units: 10,342
Households
  • Average Household Size: 1.77
  • Housing Density (People per square mile): 1,559
Age Range (number of people)
  • Age 0-14: 156
  • Age 15-24: 108
  • Age 25-39: 194
  • Age 40-59: 660
  • Age 60-79: 2,235
  • Age 80+: 3,087
  • Total: 6,440

* All numbers in this section are 2016 projections provided by Geolytics Inc

School Information for 34228 (LONGBOAT KEY)

School data for this property is not available.

* School data provided by US Department of Education


Listing information provided in part by the IDX Program of My Florida Regional MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Data last updated on 4/23/2018 10:24 AM PST.

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* Rates and payment information listed in the mortgage calculator are provided as for general reference only. Specific mortgage information should be verified with a qualified lending professional