by Global Lifestyle Properties

See Home Value
$495,000
● House - Off Market

502 Oak Bay DRIVE

OSPREY, FL 34229
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,116 Ft²
$2,967
Est. Monthly
$23
HOA / Fees
5.64%
Cap Rate

About This Property

INCREDIBLE NEW PRICE WITH ALL THE STORM MITIGATION UPDATES COMPLETED FOR YOU! Don't miss the opportunity own this lovely three bedroom two bath home on a private .27 acre cul de sac lot backing up to a treed preserve.  Updates include NEW ROOF IN 2021, PLUMBING RE-PIPED IN 2022, WATER HEATER IN 2019, A/C IN 2016, IMPACT WINDOWS & DOORS IN 2009 ALONG WITH HURRICANE SHUTTERS TO ENCLOSE THE REAR LANAI, all this giving you added peace of mind. Luscious tropical landscaping greet you as you arrive with the over-sized side entry two car garage adding to the curb appeal of the home. Step inside the spacious great room onto rich wooden flooring and notice the charming built-in bookshelves & cabinetry, high ceilings and crown moulding. Plantation shutters have been installed on most rooms in the house. The large dining room creates and even bigger feel to the the main area and the open kitchen and huge dinette complete the space. The kitchen has been updated with stainless appliances, a built-in desk, huge breakfast bar and marble stone countertops. The primary bedroom measures an enormous 13x28 giving you added space to create a sitting area, studio or work from home retreat, loads of flexibility to fit your individual needs. The spacious walk-in closet features custom shelving and an added linen closet gives you extra storage. The en suite primary bath with porcelain tiled floors gives you a truly spa-like experience every time you take in its beauty. Soak the day's stress away in the large garden tub or enjoy the updated walk-in shower. Tall vanities with double sinks, granite tops, designer lighting & mirrors complete the room . The water closet is found in its own private room with pocket door and an opaque octagon window. Bedrooms two and three are smartly placed on the opposite side of the home giving privacy to all. Add your personal touches to either of these rooms, both measuring an ample 11x13. The guest bath separates the two guest rooms and includes double sinks, a tub/shower combination and a window for natural light. Bedroom three in the rear of the home has custom closet shelving and double French doors to the dinette that can be opened or closed for privacy as desired. The huge covered lanai can be accessed from the great room, primary bedroom and dinette making outdoor entertaining a breeze. The gem of the home is the large extended and screened patio with a gorgeous water feature you can enjoy while sipping your morning coffee or evening beverage surrounded by the natural beauty of the trees and landscaping. Outdoor lighting on an automatic timer in the rear yard and patio add a majestic feel in the evenings. The indoor laundry room has extra storage, a utility sink and a newer washer & dryer. The garage measures 23x21 and features pull down attic stairs, side garage door and an irrigation system. Truly a gardeners delight, the tropical landscaping has been lovingly nurtured for you to enjoy. Located in the rear of Bay Oaks Estates this private cul de sac lot is hard to find. Close to world famous beaches, fine dining, shopping and the art and cultural venues the Suncoast is famous for. Schedule your private showing today and enjoy Florida living at its finest!
Unit Size
2,116 Ft²
Days on Market
108 days
Land Size
0.27 acres
Price per sqft
$260
Property Type
House
Property Taxes
$243
HOA Dues
$23
Year Built
1995

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Last updated: 2 years ago (Stellar MLS #A4620117)

Price History

Date / Event Date Event Price
Dec 27, 2024 Sold
Sold
Dec 9, 2024 In contract -
In contract
Dec 4, 2024 Relisted $550,000
Relisted
Nov 23, 2024 In contract -
In contract
Oct 23, 2024 Price Decreased $550,000
↓ $25K (4.4%)
Price Decreased
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Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 6
  • Building Quality: 5
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • 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: 528
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 111
  • Pool Type: 0
  • Location Influence Type: 125

    Dimensions

  • Lot Size Square Feet: 11,860
  • Total Building Area: 2,644
  • Gross Building Area: 2,824
  • Building Area: 2,116
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,116
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAY OAKS ESTATES UNIT 1
  • Land Acres: 0000000272
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 2150 BAY OAKS ESTATES UNIT 1

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: A055 F052 G054
  • Census Tract: 002101

Zoning

  • Zoning: RSF2

Geography

  • Assessors Map Reference: 32A
  • Account Number: 0140160016
  • Subdivision Tract Number: 2565
  • Parcel: 0140-16-0016
  • Lot: 2150
  • Meridian: SEC 02 TWN 38S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.2049
  • Longitude: -82.4675

    Address

  • Full Address: 502 Oak Bay Dr
  • Legal Unit: 1
  • Address - House Number: 502
  • Address - Street Name: Oak Bay
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Osprey
  • Carrier Code: R005
  • 4-Digit Zip Code: 8958
  • Zip Code: 34229

Valuation

    Tax

  • Total Area: 2,873
  • Tax Year: 2023
  • Tax Amount: $292,053
  • Tax Rate Code Area: 0100

    Appraisal Valuation

  • Standard Deviation: 0.1931
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 74
  • Final Value: 649,709
  • High Value: 775,207
  • Low Value: 524,210

    Market Valuation

  • Market Total Value: $448,100
  • Market Land Value: $147,600
  • Market Improvement Value: $300,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $236,752

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 06, 2000
  • Current Sale Recording Date: Jul 07, 2000
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2000086325
  • Previous Sale Recording Date: Apr 02, 1999
  • Previous Sale Contract Date: Apr 02, 1999
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: VAR
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 Bay Oaks Estates


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Frequently Asked Questions

When was property at 502 Oak Bay Drive built and last sold?
The property at 502 Oak Bay Drive was built in 1995 and last sold on Jul 6, 2000 for $215,000.
How much is this home worth?
The estimated value of the home located at 502 Oak Bay Drive is $0.
What are some comparable homes to 502 Oak Bay Drive?
There are currently no comparable homes to 502 Oak Bay Drive.