by Global Lifestyle Properties

See Home Value
$844,900
● House - Off Market

501 Velasquez DRIVE

OSPREY, FL 34229
bedrooms
3 Beds
bathrooms
3 Baths
square feet
3,028 Ft²
$982,286
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Bring your Florida-living fantasies to reality with this spectacular 3 bedroom, 3 bath,

3,208 square foot pool home located in the highly-coveted waterfront community of

Sorrento Shores. This home has been completely renovated throughout and the owner spared no

expense in renovations, including a $43,000 1' raised seem Galvalume® roof, 2 Energy

Star-rated solar attic fans, hurricane impact windows, skylights, doors and garage door;

42" real wood cabinets with quartzite countertops and stainless steel appliances; wood-

look plank tile throughout the entire first floor, with upgraded carpet in the bedrooms and

sunken living room; the 3 bathrooms have all new vanities, quartzite countertops,

shower pans, tile walls, and fixtures; 2 new AC systems with a 16 SEER dual-stage

compressor downstairs and 14 SEER upstairs; the entire outside of the home has been

refaced with new stucco exterior finish, paint, and all new zeroscape landscaping; and

the pool has new surface, pavers, and aluminum fencing.

The floor plan allows options for all types of living with 2,292 square feet downstairs,

and a 736 square foot master suite upstairs that features a private sunset deck.

Downstairs offers plenty of space with a sunken living room, open concept kitchen with

breakfast bar, private dining room with easy access to the kitchen, and a spacious

family room with lots of natural sunshine from the two large skylights and extra warmth

during the short winter weeks from one of the home's two fireplaces. Entertain and

watch the game in the sunken game room equipped with a sink, refrigerator, and full

length bar. 2 bedrooms and 2 baths are offered downstairs, with an ensuite bedroom that could be

a second master suite. The second floor master suite offers a 12x12 bathroom with

ample counter space and one of the largest walk-in showers you will ever see. His and

hers closets split the entry point to the sunset deck. Office space is offered at the

entrance of the master suite. Double French doors lead outside to the outdoor screened porch that offers another

wood-burning fireplace. Sit and enjoy a cocktail before taking a swim in the pool.

This like-new home is ideally situated on a private cul-de-sac lot that offers plenty of

parking for your boats/toys, and offers waterfront views of the bay. Watch in awe every

night as the sunsets over Casey Key from the convenience of your private pool or 2nd

story sunset deck. Located west of the Tamiami Trail in Osprey, Sorrento Shores boasts multimillion dollar

homes that are situated on the Intracoastal Waterway, where you can navigate your

boat from the marina, to Midnight Pass, to other surrounding points of interests and

restaurants. Community marina offers 11 boat slips that are distributed on a first-come, first-served

basis. Optional HOA and no CDD fees. Area amenities include a quick ride to Siesta Key Beach, Casey Key Fish House & Tiki

Bar, Blackburn Park, Osprey Marina, Oscar Scherer State Park, Legacy Bike Trail, and

A-rated schools including Pine View. We can't wait to give you a private tour of this remarkable home.
Unit Size
3,028 Ft²
Days on Market
99 days
Land Size
0.33 acres
Price per sqft
$281
Property Type
House
Property Taxes
$350
HOA Dues
$7
Year Built
1975

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Last updated: 3 years ago (Stellar MLS #T3293526)

Price History

Date / Event Date Event Price
May 4, 2023 Sold
Sold
Jan 9, 2023 Listed by KING & ASSOCIATES REAL ESTATE LLC $1,135,000
Listed by KING & ASSOCIATES REAL ESTATE LLC
Jul 26, 2021 Sold
Sold
Apr 15, 2021 Listed by KING & ASSOCIATES REAL ESTATE LLC $849,900
Listed by KING & ASSOCIATES REAL ESTATE LLC
Mar 8, 2018 Sold
Sold
Show More

Property Highlights

Garage
Air Conditioning
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 2010
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 6
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 111
  • Pool Type: 8
  • Location Influence Type: 125

    Dimensions

  • Lot Size Square Feet: 14,576
  • Lot Size Frontage Feet: 10
  • Total Building Area: 3,556
  • Gross Building Area: 3,942
  • Building Area: 3,028
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,028
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SORRENTO SHORES REPLAT PART BK C & PART
  • Land Acres: 0000000335
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: A PART OF LOT 23, BLK E, REPLAT OF LOTS 10-15 & 39-43, BLK C, LOTS 11-23, BLK E, SORRENTO SHORES & A PART OF LOT 24, BLK E, REPLAT OF PART OF SORRENTO SHORES, DESC AS BEG AT TH MOST NLY COR OF

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: A055 G054 W056
  • Census Tract: 002204

Zoning

  • Zoning: RSF1

Geography

  • Assessors Map Reference: 32C
  • Account Number: 0159080032
  • Subdivision Tract Number: 1105
  • Parcel: 0159-08-0032
  • Block: E,C
  • Lot: 10-24
  • Meridian: SEC 22 TWN 38S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.1644
  • Longitude: -82.4839

    Address

  • Full Address: 501 Velasquez Dr
  • Address - House Number: 501
  • Address - Street Name: Velasquez
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Osprey
  • Carrier Code: R003
  • 4-Digit Zip Code: 9680
  • Zip Code: 34229

Valuation

    Tax

  • Total Area: 6,072
  • Tax Year: 2023
  • Tax Amount: $719,092
  • Tax Rate Code Area: 0100

    Appraisal Valuation

  • Standard Deviation: 0.1904
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 74
  • Final Value: 966,558
  • High Value: 1,150,635
  • Low Value: 782,481

    Market Valuation

  • Market Total Value: $657,100
  • Market Land Value: $197,900
  • Market Improvement Value: $459,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $620,123

    Sales

  • Current Sale Contract Date: May 03, 2023
  • Current Sale Recording Date: May 04, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 72984
  • Previous Sale Recording Date: Jul 26, 2021
  • Previous Sale Contract Date: Jul 23, 2021
  • Previous Sale Amount: $844,900
  • 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 Sorrento Shores


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Frequently Asked Questions

When was property at 501 Velasquez Drive built and last sold?
The property at 501 Velasquez Drive was built in 1975 and last sold on May 3, 2023 for $1,000,000.
How much is this home worth?
The estimated value of the home located at 501 Velasquez Drive is $1,252,877.
What are some comparable homes to 501 Velasquez Drive?
There are currently no comparable homes to 501 Velasquez Drive.