by Global Lifestyle Properties

See Home Value
$3,950,000
● House - Off Market

1851 Island WAY

OSPREY, FL 34229
bedrooms
5 Beds
bathrooms
5 Baths
square feet
5,233 Ft²
$20,220
Est. Monthly
$125
HOA / Fees
1.06%
Cap Rate

About This Property

1+ acre waterfront property surrounded by 370 feet of water on three sides. This listing includes two parcels: 1) .68 acre with the existing home, and 2) .44 acre buildable lot that can be developed with a large waterfront home on a deep canal. Serene privacy on a cul-de-sac in the secluded South Creek community directly across from Oscar Scherer State Park and just 5 minutes to Pine View School for the Gifted. Located between Sarasota and Venice with easy access to the best amenities in both communities including beaches, shopping, dining, arts, medical and personal services. Private dock for two boats, along with kayak/paddleboard launch, provides easy access to Sarasota's coastal waterways for endless days enjoying Florida's year-round sun and fun. The 5,233-square-foot residence has five bedrooms, five baths, plus an in-law studio apartment. All levels feature expansive outdoor lanais/balconies with water views. Living areas are on the second level and include formal living room with cathedral ceiling, formal dining room and family room with wood-burning fireplace. The third level has the owner's retreat featuring sitting room, dual bathrooms, 24x16 bedroom and balcony with the best views of the house. This residence is on the same street as South Creek community amenities which include tennis courts, playground, day dock and night security gate. The singular combination of location, waterfront and size make this a remarkable property for an exceptional lifestyle.
Unit Size
5,233 Ft²
Days on Market
36 days
Land Size
0.68 acres
Price per sqft
$755
Property Type
House
Property Taxes
$700
HOA Dues
$125
Year Built
1981

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Last updated: 3 years ago (Stellar MLS #A4592818)

Price History

Date / Event Date Event Price
Feb 16, 2024 Sold
Sold
Jan 16, 2024 In contract -
In contract
Jan 11, 2024 Listed by PREMIER SOTHEBYS INTL REALTY $3,950,000
Listed by PREMIER SOTHEBYS INTL REALTY
Dec 11, 2000 Sold
Sold
Oct 15, 1999 Sold
Sold

Property Highlights

Garage
Air Conditioning
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 27

    Dimensions

  • Lot Size Square Feet: 29,647
  • Lot Size Frontage Feet: 10
  • Total Building Area: 5,809
  • Gross Building Area: 5,809
  • Building Area: 5,233
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 5,233
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTH CREEK
  • Land Acres: 0000000681
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 3 & BEG NE COR LOT 3 TH S-69-02-25-E 65 FT M/L TH SELY SLY & WLY ALG CREEK TO E LINE LOT 3 TH N -0-05-51-W 80 FT M/L TO POB & ALSO BEG SWLY COR LOT 2 FOR POB TH S-75-25- 37-E 126.82 FT TH

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: W190 A055 G054
  • Census Tract: 002102

Zoning

  • Zoning: RSF2

Geography

  • Assessors Map Reference: 32C
  • Account Number: 0158090005
  • Subdivision Tract Number: 1992
  • Parcel: 0158-09-0005
  • Lot: 3
  • Meridian: SEC 15 TWN 38S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.1696
  • Longitude: -82.4821

    Address

  • Full Address: 1851 Island Way
  • Address - House Number: 1851
  • Address - Street Name: Island
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Osprey
  • Carrier Code: R003
  • 4-Digit Zip Code: 9321
  • Zip Code: 34229

Valuation

    Tax

  • Total Area: 6,846
  • Tax Year: 2023
  • Tax Amount: $839,511
  • Tax Rate Code Area: 9201

    Appraisal Valuation

  • Standard Deviation: 0.1642
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 3,057,799
  • High Value: 3,639,946
  • Low Value: 2,475,653

    Market Valuation

  • Market Total Value: $2,236,400
  • Market Land Value: $1,547,500
  • Market Improvement Value: $688,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $721,938

    Exemptions

  • Widow Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 01, 2000
  • Current Sale Recording Date: Dec 11, 2000
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2000156173
  • Previous Sale Recording Date: Oct 15, 1999
  • Previous Sale Contract Date: Oct 15, 1999
  • Previous Sale Amount: $575,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Creek


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Frequently Asked Questions

When was property at 1851 Island Way built and last sold?
The property at 1851 Island Way was built in 1981 and last sold on Nov 1, 2000 for $78,000.
How much is this home worth?
The estimated value of the home located at 1851 Island Way is $3,989,500.
What are some comparable homes to 1851 Island Way?
There are currently no comparable homes to 1851 Island Way.