$699,000
$719,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
1,104 SqFt
SOLD DATE : 10/11/2022
Key Details
Sold Price $699,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,104 sqft
Price per Sqft $633
Subdivision Sand Cay
MLS Listing ID A4540738
Sold Date 10/11/22
Bedrooms 2
Full Baths 2
Condo Fees $3,471
Construction Status Financing,Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1974
Annual Tax Amount $6,622
Property Description
Opportunity to invest in a vacation rental on Longboat Key that allows rentals with a 3-day minimum lease managed by on-site management. No cap on owner usage so you can also use it extensively yourself. This top-floor condominium with vaulted ceilings has updated bathrooms and tile flooring throughout. It even offers a peek of the Gulf from the sizable balcony. It comes turnkey furnished. Sand Cay is a beautiful Gulf-front beach resort with lush, tropical landscaping, tennis court, pool, shuffleboard, a barbecue area, lounge chairs and showers on the beach. No need to worry about the future. In 2008 the whole building went through an extensive reconstruction. This included building anchoring, exterior walls, windows, doors, stairways, walkways and steel beams. The owner paid about $85,000 special assessment. Additionally, in 2016 a new metal roof was installed. In order to avoid special assessments in the future a big share of the condominium fees feeds a reserve fund. On-site management fees are 18 % if on-site management brings the guest and 15% if the owner provides a guest. Reported revenue in 2021 was $36,181. Zota Beach Resort with a bar and restaurant is next door. Publix, Walgreens, banks, post office and restaurants are close by on the Key. A 15-minute drive brings you to St. Armands Circle, a 20-minute drive to downtown Sarasota.
Location
State FL
County Manatee
Community Sand Cay
Zoning T6
Rooms
Other Rooms Inside Utility
Interior
Interior Features Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Thermostat, Vaulted Ceiling(s)
Heating Central, Electric
Cooling Central Air
Flooring Tile
Furnishings Turnkey
Fireplace false
Appliance Dishwasher, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator
Laundry Laundry Room, Outside
Exterior
Exterior Feature Balcony, Irrigation System, Lighting, Outdoor Grill, Sidewalk, Sliding Doors, Tennis Court(s)
Garage Assigned, Guest
Community Features Buyer Approval Required, Deed Restrictions, Pool, Sidewalks, Tennis Courts
Utilities Available Cable Connected, Electricity Connected, Street Lights, Underground Utilities, Water Connected
Amenities Available Cable TV, Laundry, Pool, Tennis Court(s)
Waterfront true
Waterfront Description Beach - Public
View Y/N 1
Water Access 1
Water Access Desc Beach - Public,Gulf/Ocean
View Garden, Pool
Roof Type Built-Up
Parking Type Assigned, Guest
Garage false
Private Pool No
Building
Lot Description FloodZone
Story 3
Entry Level One
Foundation Slab
Lot Size Range Non-Applicable
Sewer Public Sewer
Water Public
Architectural Style Other
Structure Type Stucco, Wood Frame
New Construction false
Construction Status Financing,Inspections
Schools
Elementary Schools Anna Maria Elementary
Middle Schools Martha B. King Middle
High Schools Bayshore High
Others
Pets Allowed No
HOA Fee Include Cable TV, Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Sewer, Trash, Water
Senior Community No
Ownership Condominium
Monthly Total Fees $1, 157
Acceptable Financing Cash, Conventional
Membership Fee Required None
Listing Terms Cash, Conventional
Special Listing Condition None
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