by Global Lifestyle Properties

See Home Value
$2,000,000
● House - Off Market

1862 ISLAND WAY

OSPREY, FL 34229
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,598 Ft²
$12,083
Est. Monthly
$425
HOA / Fees
1.41%
Cap Rate

About This Property

South Sarasota waterfront property surrounded by 312-ft. of water on three sides feels like living on a private island. 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. This "island" playground is an outdoor enthusiast's delight. Private dock with kayak/paddleboard launch provides easy access to Sarasota's coastal waterways for endless days enjoying Florida's year-round sun and fun. Take a kayak trip to Nokomis Breakfast Cottage, Oscar Scherer State Park or secret mangrove tunnels. Relax on the back porch and be on the lookout for manatees, dolphins, pelicans and ospreys. A five-minute drive takes you to Nokomis Beach. The nearby Legacy Trail offers over 20 miles of rails-to-trails paved cycling paths. Spectacular sunsets are a daily celebration. The 5,233 sq. ft. residence has four bedrooms and three-and-a-half baths. Living areas include formal living room with cathedral ceiling and built-in Bose sound system, formal dining room, family room with wood-burning fireplace and four exterior balconies. The ground floor has various climate-controlled rooms and screened in areas, laundry room and pool shower. Outdoor amenities include heated swimming pool, pergola with bench swings, bocce court and dock. South Creek is a gated community with easy access to US 41 and I-75. This residence is on the same street as the community amenities which include tennis courts, basketball, playground, day dock and night security gate. The singular combination of location, waterfront and size make this a desirable property for an exceptional lifestyle.
Unit Size
3,598 Ft²
Days on Market
131 days
Land Size
0.39 acres
Price per sqft
$610
Property Type
House
Property Taxes
$879
HOA Dues
$425
Year Built
1982

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Last updated: 2 years ago (Stellar MLS #A4631910)

Price History

Date / Event Date Event Price
Apr 21, 2025 Sold
Sold
Feb 26, 2025 In contract -
In contract
Jan 22, 2025 Price Decreased $2,195,000
↓ $230K (9.5%)
Price Decreased
Dec 11, 2024 Listed by PREMIER SOTHEBYS INTL REALTY $2,425,000
Listed by PREMIER SOTHEBYS INTL REALTY
Jun 19, 2000 Sold
Sold

Property Highlights

Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 5
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 675
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 111
  • Pool Type: 8
  • Location Influence Type: 27

    Dimensions

  • Lot Size Square Feet: 16,833
  • Lot Size Frontage Feet: 10
  • Total Building Area: 4,273
  • Gross Building Area: 5,073
  • Building Area: 3,598
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,598
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTH CREEK
  • Land Acres: 0000000386
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 4 & PART OF LOT 5 DESC AS BEG SE COR LOT 5 TH S-81-30 W 108.07 FT TH N-63-31-05 E 67.15 FT TH N-81-30 E 48.34 FT TH SLY 23.78 FT TO POB SOUTH CREEK

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: 0158090007
  • Subdivision Tract Number: 1992
  • Parcel: 0158-09-0007
  • Lot: 4
  • Meridian: SEC 15 TWN 38S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.1696
  • Longitude: -82.4827

    Address

  • Full Address: 1862 Island Way
  • Address - House Number: 1862
  • 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: 8,216
  • Tax Year: 2023
  • Tax Amount: $1,055,028
  • Tax Rate Code Area: 9201

    Appraisal Valuation

  • Standard Deviation: 0.1931
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 74
  • Final Value: 1,816,595
  • High Value: 2,167,491
  • Low Value: 1,465,699

    Market Valuation

  • Market Total Value: $1,647,300
  • Market Land Value: $1,097,900
  • Market Improvement Value: $549,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $626,643

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 02, 2014
  • Current Sale Recording Date: Jul 10, 2014
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2014081176
  • Previous Sale Recording Date: Jun 19, 2000
  • Previous Sale Contract Date: Jun 15, 2000
  • Previous Sale Amount: $717,000
  • Previous Sale Document Type: 71
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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Nearby Rentals

Unit for rent at 12760 Lateral Root Drive, SARASOTA, FL, 34238

$3,400 /mo

  • 5 Beds
  • 3 Baths
  • 2,631 ft²
12760 Lateral Root Drive, SARASOTA, FL, 34238 Listing by Bill Williams


Frequently Asked Questions

When was property at 1862 Island Way built and last sold?
The property at 1862 Island Way was built in 1982 and last sold on Jul 2, 2014 for $0.
How much is this home worth?
The estimated value of the home located at 1862 Island Way is $0.
What are some comparable homes to 1862 Island Way?
There are currently no comparable homes to 1862 Island Way.