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Holmes Beach 34217 Holmes Beach
509 68th STREET
$950,000
● House - Off Market

509 68th STREET

HOLMES BEACH, FL 34217
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,546 Ft²
$2,038,486
RealtyHop Estimate
94.33%
Since Feb 1, 2014
National-US
Primary Model

About This Property

Beautuful island home located  on the Grand canal which is 170' wide. Located on the north side of the canal this home has a direct southern exposure for the outdoor living and pool area. This home features many luxurious features including: custom cabinetry, level 3 granite, quality tile, tray ceilings and much more. For the boater, there is quick easy access to the I.C. and the gulf. This home is truly a one of a kind and priced to sell. Call now for your private showing.
Unit Size
2,546 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$412
Property Type
House
Property Taxes
$764
HOA Dues
-
Year Built
2005

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Stellar MLS #M5829942)

Price History

Date / Event Date Event Price
Jan 14, 2014 Sold
Premium
Sold
Aug 20, 2013 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2011
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 17
  • Building Condition: 1
  • Building Quality: 4
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 480
  • Parking Space Count: 4
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 75

    Dimensions

  • Lot Size Square Feet: 8,160
  • Lot Size Depth Feet: 1,020
  • Lot Size Frontage Feet: 800
  • Total Building Area: 3,319
  • Gross Building Area: 3,319
  • Building Area: 2,676
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,676
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAY PALMS ADDITION UNIT 13
  • Land Acres: 0000000187
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: LOT 35 BAY PALMS 13TH UNIT PI#71298.1175/3

Neighborhood

  • School District Name: Manatee County School District
  • School Tax School District: MCPA&MCPS
  • Census Tract: 001801

Zoning

  • Zoning: HB_R-1

Geography

  • Assessors Map Reference: 12B
  • Subdivision Tract Number: 07129800
  • Parcel: 71298-1175-3
  • Lot: 35
  • Meridian: SEC 20 TWN 34S RNG 16E
  • Municipality: HOLMES BEACH
  • Latitude: 27.5168
  • Longitude: -82.7179

    Address

  • Full Address: 509 68th St
  • Legal Unit: PI
  • Address - House Number: 509
  • Address - Street Name: 68th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Holmes Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 1223
  • Zip Code: 34217

Valuation

    Tax

  • Total Area: 1,402
  • Tax Year: 2022
  • Tax Amount: $1,235,463
  • Tax Rate Code Area: 24

    Appraisal Valuation

  • Standard Deviation: 0.1806
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 76
  • Final Value: 2,538,007
  • High Value: 2,996,459
  • Low Value: 2,079,554

    Market Valuation

  • Market Total Value: $2,091,561
  • Market Land Value: $680,000
  • Market Improvement Value: $1,411,561

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $822,853

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 09, 2014
  • Current Sale Recording Date: Jan 14, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3231425
  • Previous Sale Recording Date: Aug 20, 2013
  • Previous Sale Contract Date: Aug 14, 2013
  • Previous Sale Amount: $1,467,300
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

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

About Holmes Beach

Stats & Trends

Median Asking:

$1,250,000

Sale Price/ft²

$808

Below Asking

0.03%

Average Days on Market

100

Average Home Size

2020 ft²

Average Home Age

41.2 years

Currently For Sale

216 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 3607 E Bay Drive, HOLMES BEACH, FL, 34217

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 980 ft²
3607 E Bay Drive #206, HOLMES BEACH, FL, 34217 Listing by Paige Rogers
Unit for rent at 406 71st St, HOLMES BEACH, FL, 34217

$2,600 /mo

  • 3 Beds
  • 2 Baths
  • 2,061 ft²
406 71st St #A, HOLMES BEACH, FL, 34217 Listing by Rochelle Bowers

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: GREGG BAYER
ANNA MARIA ISLAND BEACHES RE
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# M5829942
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 509 68th Street built and last sold?
The property at 509 68th Street was built in 2005 and last sold on Jan 9, 2014 for $950,000.
How much is this home worth?
The estimated value of the home located at 509 68th Street is $0.
What are some comparable homes to 509 68th Street?
There are currently no comparable homes to 509 68th Street.
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