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Holmes Beach 34217 Holmes Beach
525 56th STREET
$2,600,000
● Land - Off Market

525 56th STREET

HOLMES BEACH, FL 34217
bedrooms
Studio
bathrooms
0 Bath
$14,628
Est. Monthly
0.27%
Cap Rate

About This Property

Great location WATERFRONT home centrally located in the heart of Holmes Beach on a quiet street on Anna Maria Island!! 90 feet of waterfront with gorgeous views!!!  There is a home on the property, but selling for lot value only.  Build your dream home and add your own finishes and personal style!  Imagine waking up to the beautiful sunrise every morning! Nature is right in your backyard, watch dolphins jump around and manatees swimming by. These lots on deep water are hard to come by!  Don't miss this rare opportunity with many possibilities with this property.
Unit Size
-
Days on Market
36 days
Land Size
0.25 acres
Price per sqft
-
Property Type
Land
Property Taxes
$633
HOA Dues
-
Year Built
1954

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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 #A4606953)

Price History

Date / Event Date Event Price
May 28, 2024 Sold
Premium
Sold
Apr 27, 2024 In contract -
In contract
Apr 22, 2024 Listed by SATO REAL ESTATE INC. $2,850,000
Listed by SATO REAL ESTATE INC.
Nov 1, 1996 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1986
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: 7
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 667
  • Parking Space Count: 4
  • Patio Type: 60
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 61

    Dimensions

  • Lot Size Square Feet: 10,965
  • Lot Size Depth Feet: 1,290
  • Lot Size Frontage Feet: 850
  • Total Building Area: 3,174
  • Gross Building Area: 3,174
  • Building Area: 2,507
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,507
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOLMES BEACH 12TH UNIT
  • Land Acres: 0000000252
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: LOT 5, BLK M, HOLMES BEACH TWELFTH UNIT; TOGETHER WITH ALL LAND, IF ANY, LY BETWEEN SD LOT & THE WATERS OF SARASOTA BAY, INCL RIP RTS PI#72186.0000/0

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: MAP 4A20.8
  • Subdivision Tract Number: 07218000
  • Parcel: 72186-0000-0
  • Block: M
  • Lot: 5
  • Meridian: SEC 20 TWN 34S RNG 16E
  • Municipality: HOLMES BEACH
  • Latitude: 27.5091
  • Longitude: -82.7115

    Address

  • Full Address: 525 56th St
  • Address - House Number: 525
  • Address - Street Name: 56th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Holmes Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 1529
  • Zip Code: 34217

Valuation

    Tax

  • Total Area: 1,090
  • Tax Year: 2022
  • Tax Amount: $749,357
  • Tax Rate Code Area: 24

    Appraisal Valuation

  • Standard Deviation: 0.2001
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 73
  • Final Value: 2,428,767
  • High Value: 2,914,833
  • Low Value: 1,942,702

    Market Valuation

  • Market Total Value: $1,808,700
  • Market Land Value: $1,147,500
  • Market Improvement Value: $661,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $491,542

    Exemptions

  • Widow Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 31, 1996
  • Current Sale Recording Date: Nov 01, 1996
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: VAR
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:

$1,249,500

Sale Price/ft²

$807

Below Asking

0.03%

Average Days on Market

99

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

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STELLAR

Listed by: Jason Sato
SATO REAL ESTATE INC.
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# A4606953
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 525 56th Street built and last sold?
The property at 525 56th Street was built in 1954 and last sold on Oct 31, 1996 for $384,900.
How much is this home worth?
The estimated value of the home located at 525 56th Street is $2,878,500.
What are some comparable homes to 525 56th Street?
There are currently no comparable homes to 525 56th Street.
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