by Global Lifestyle Properties

See Home Value
$962,500
● House - Off Market

742 SHADOW BAY WAY

OSPREY, FL 34229
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,321 Ft²
$6,430
Est. Monthly
$684
HOA / Fees
3.22%
Cap Rate

About This Property

Welcome to Luxury Living in Rivendell! Nestled on a premium, private lot with serene lake and preserve views, this impeccably maintained, custom-built Arthur Rutenberg home offers elegance, comfort, and thoughtful design in every detail. Boasting 3,321 sq ft of refined living space, this residence features an open split floor plan, soaring ceilings, and abundant natural light throughout. The expansive primary suite is a true retreat, complete with crown molding, an oversized layout, and sliding glass doors that open directly to the lanai-perfect for morning coffee or evening relaxation. The home includes three full bathrooms, one with direct pool access, three generously sized guest bedrooms, and a spacious office ideal for working from home or a creative studio. A highlight of this home is its versatile garage configuration, with the potential to convert the current space into a third bay or use it as a bonus area for a gym, storage, or workshop. Step outside to your private oasis. The southern-facing lanai and saltwater pool area are designed for relaxation and entertaining. Enjoy the outdoor kitchen with built-in grill and bar top, integrated lighting and sound system, and a built-in pool vacuum for easy maintenance. The pool cage was recently updated and includes a 10-year warranty for added peace of mind. This home was built with energy efficiency in mind, including a hip roof for optimal performance. The roof is brand new, and both the interior and exterior have been freshly painted. Dual-zone A/C keeps the home cool and efficient-one unit is just one year old, while the second is well-maintained at nine years. Enter through grand double doors into a formal living and dining area. The large family room opens seamlessly to the lanai through sliding glass doors, creating a perfect flow for indoor-outdoor living. The kitchen, designed for both function and style, includes granite countertops, wood cabinetry, under-cabinet lighting, a new oven, and a spacious breakfast bar-ideal for gatherings and everyday living. Located in the highly sought-after community of Rivendell, residents enjoy access to nearly 400 acres of pristine lakes, scenic ponds, protected preserves, and abundant green space. Community amenities include a heated pool, walking and biking trails, playground, parks, and a charming gazebo. Just minutes away from top-rated Pine View School for the Gifted (grades 2–12), Legacy Trail, world-renowned beaches, shopping, medical facilities, and fine dining-this home truly has it all. All information provided by the sellers is deemed reliable but is not guaranteed.  Buyers are encouraged to verify all information independently.
Unit Size
3,321 Ft²
Days on Market
147 days
Land Size
0.26 acres
Price per sqft
$316
Property Type
House
Property Taxes
$589
HOA Dues
$684
Year Built
2002

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Last updated: 2 years ago (Stellar MLS #A4644210)

Price History

Date / Event Date Event Price
Aug 7, 2025 Sold
Sold
Jul 7, 2025 In contract -
In contract
May 23, 2025 Price Decreased $1,050,000
↓ $50K (4.6%)
Price Decreased
Mar 13, 2025 Listed by RE/MAX ALLIANCE GROUP $1,100,000
Listed by RE/MAX ALLIANCE GROUP
Apr 13, 2016 Sold
Sold
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Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2012
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 599
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 125

    Dimensions

  • Lot Size Square Feet: 11,245
  • Total Building Area: 3,920
  • Gross Building Area: 3,920
  • Building Area: 3,321
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,321
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVENDELL UNIT 2
  • Land Acres: 0000000258
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 29 PARCEL B RIVENDELL UNIT 2

Neighborhood

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

Zoning

  • Zoning: RSF1

Geography

  • Assessors Map Reference: 32D
  • Account Number: 0155020014
  • Subdivision Tract Number: 2679
  • Parcel: 0155-02-0014
  • Lot: 29
  • Meridian: SEC 14 TWN 38S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.1815
  • Longitude: -82.4718

    Address

  • Full Address: 742 Shadow Bay Way
  • Legal Unit: 2
  • Address - House Number: 742
  • Address - Street Name: Shadow Bay
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Osprey
  • Carrier Code: R010
  • 4-Digit Zip Code: 8872
  • Zip Code: 34229

Valuation

    Tax

  • Total Area: 4,609
  • Tax Year: 2023
  • Tax Amount: $729,369
  • Tax Rate Code Area: 0100

    Appraisal Valuation

  • Standard Deviation: 0.1931
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 74
  • Final Value: 1,124,959
  • High Value: 1,342,257
  • Low Value: 907,660

    Market Valuation

  • Market Total Value: $834,000
  • Market Land Value: $223,200
  • Market Improvement Value: $610,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $601,053

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 11, 2016
  • Current Sale Recording Date: Apr 13, 2016
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016044045
  • Previous Sale Recording Date: Apr 23, 2014
  • Previous Sale Contract Date: Apr 22, 2014
  • Previous Sale Amount: $635,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Rivendell


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Frequently Asked Questions

When was property at 742 Shadow Bay Way built and last sold?
The property at 742 Shadow Bay Way was built in 2002 and last sold on Apr 11, 2016 for $665,000.
How much is this home worth?
The estimated value of the home located at 742 Shadow Bay Way is $0.
What are some comparable homes to 742 Shadow Bay Way?
There are currently no comparable homes to 742 Shadow Bay Way.