by RH Advisors

See Home Value
Siesta Key 34242 Sara Sands
5174 Sandy Cove AVENUE
$2,300,000
Land - Off Market

5174 Sandy Cove AVENUE

SARASOTA, FL 34242
bedrooms
Studio
bathrooms
0 Bath
$12,707
Est. Monthly
-0.22%
Cap Rate

About This Property

This oversized cul-de-sac lot has just been cleared and is ready for your new home plans or use the existing plans that have been permitted and approved. 275 feet of seawall.  Plans with existing builder. Tidewater, can be taken over if desired or design your own home. Your back yard has south west exposure and plenty of room for 2 boat lifts and already has a cut to add a dock. Currently permitted for a 3700 square foot 4 bedroom 4 bath home.  Don't miss this homesite with close proximity to the north village and all that Siesta Key has to offer. The last picture shows the proposed home that is permitted. This could also be changed. Possible owner financing on a new build also.
Unit Size
-
Days on Market
-
Land Size
0.35 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,414
HOA Dues
-
Year Built
1970
Last updated: 4 months ago (Stellar MLS #A4602677)

Price History

Date / Event Date Event Price
Jun 4, 2024 No longer available -
No longer available
May 13, 2024 Price Increased $4,699,990
↑ $400K (9.3%)
Price Increased
Mar 27, 2024 No longer available -
No longer available
Mar 9, 2024 Price Increased $4,300,000
↑ $2M (87%)
Price Increased
Mar 8, 2024 Listed by REALTY EXECUTIVES GALLERY $2,300,000
Listed by REALTY EXECUTIVES GALLERY
Show More

Property Highlights

Garage
Elevator
With View

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1995
  • Building Count: 2
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Terrazzo
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 1,144
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 15,404
  • Lot Size Depth Feet: 1,570
  • Lot Size Frontage Feet: 920
  • Total Building Area: 3,377
  • Gross Building Area: 3,377
  • Building Area: 3,377
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,377
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SARA SANDS UNIT 3
  • Land Acres: 0.354
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: LOT 26 SARA SANDS UNIT 3

Ownership

  • Current Owner : SRQ VENTURES LAND TRUST
  • Previous Owner : 5174 SANDY COVE LAND TRUST
  • Owner Before Previous Owner: SIEGEL CRAIG R
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: L018 W190 A055
  • Census Tract: 001904

Zoning

  • Zoning: RSF2

Geography

  • Assessors Map Reference: 28A
  • Account Number: 0081140015
  • Subdivision Tract Number: 1369
  • Parcel: 0081-14-0015
  • Lot: 26
  • Meridian: SEC 12 TWN 37S RNG 17E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.2769
  • Longitude: -82.5579

    Address

  • Full Address: 5174 Sandy Cove Ave
  • Legal Unit: 3
  • Address - House Number: 5174
  • Address - Street Name: Sandy Cove
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C020
  • 4-Digit Zip Code: 1540
  • Zip Code: 34242

Valuation

    Tax

  • Total Area: 2,299
  • Tax Year: 2023
  • Tax Amount: $22,385
  • Tax Rate Code Area: 1892

    Appraisal Valuation

  • Standard Deviation: 0.4812
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 3
  • Final Value: 2,094,005
  • High Value: 3,101,678
  • Low Value: 1,086,331

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,150,000
  • First Open Lien Mortgage Lender: EVERYTHINGS JAKE LLC
  • First Open Lien Mortgage Recording Date: Nov 08, 2022
  • First Open Lien Mortgage Loan Amount: $1,150,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 08, 2052

    Market Valuation

  • Market Total Value: $1,827,700
  • Market Land Value: $1,253,100
  • Market Improvement Value: $574,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,827,700
  • Assessed Land Value: $1,253,100
  • Assessed Improvements Value: $574,600

    Sales

  • Current Sale Contract Date: Oct 31, 2022
  • Current Sale Recording Date: Nov 08, 2022
  • Current Sale Transaction ID: 11898527909
  • Current Sale Price: $1,300,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 173889
  • Previous Sale Recording Date: Nov 27, 2013
  • Previous Sale Contract Date: Nov 26, 2013
  • Previous Sale Amount: $450,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: EVERYTHINGS JAKE LLC
  • First Mortgage Transaction Date: Nov 08, 2022
  • First Mortgage Loan Amount: $1,150,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$2,295,000 Nov 30, -0001
$2,100,000 Feb 23, 2005
$2,323/mo
Land
Loft
-
-
$2,475,000 Nov 30, -0001
$2,200,000 Jun 20, 2006
-
House
4 Beds
4 Baths
3,983 ft²
$502/ft²
$1,999,000 Nov 30, -0001
$1,940,000 Aug 24, 2015
$894/mo
Condo
3 Beds
3 Baths
2,088 ft²
$958/ft²
$2,000,000 Apr 28, 2023
$2,000,000 Dec 18, 2023
$750/mo
House
3 Beds
3 Baths
2,318 ft²
$895/ft²
$2,075,000 Oct 5, 2023
$2,075,000 Nov 17, 2023
$686/mo
House
3 Beds
4 Baths
3,063 ft²
$612/ft²
$1,875,000 Jun 5, 2023
$1,875,000 Feb 29, 2024
$846/mo
Multifamily
Stu
-
1,920 ft²
$1,432/ft²
$2,750,000 Mar 10, 2023
-
$1,208/mo
House
4 Beds
4 Baths
3,694 ft²
$609/ft²
$2,250,000 Dec 23, 2023
-
$787/mo
House
4 Beds
5 Baths
2,830 ft²
$848/ft²
$2,400,000 Aug 18, 2023
-
$939/mo
House
4 Beds
4 Baths
2,585 ft²
$890/ft²
$2,300,000 Feb 24, 2024
-
$1,235/mo
House
4 Beds
3 Baths
2,156 ft²
$993/ft²
$2,140,000 Nov 21, 2023
-
$824/mo
House
4 Beds
4 Baths
3,614 ft²
$553/ft²
$1,999,950 Jan 11, 2024
-
$1,067/mo

About Sara Sands


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Frequently Asked Questions

When was property at 5174 Sandy Cove Avenue built and last sold?
The property at 5174 Sandy Cove Avenue was built in 1970 and last sold on Oct 31, 2022 for $1,300,000.
How much is this home worth?
The estimated value of the home located at 5174 Sandy Cove Avenue is $2,323,000.
What are some comparable homes to 5174 Sandy Cove Avenue?
Homes that are comparable to 5174 Sandy Cove Avenue include a multifamily property at 308 Canal Road, a house property at 5102 Sandy Cove Avenue, 5143 Oxford Drive.

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