tomo logo

$2,950,000

Beds
4
Baths
3.5
sq ft
2,862

503 Velasquez Dr, Osprey, FL 34229

503 Velasquez Dr

OSPREY, FL 34229

  • 151 days on market
    • Price drop $250,000↓
Discover this elegant waterfront retreat nestled on Blackburn Bay along the Intracoastal Waterway. This estate captures the true essence of coastal living, offering serene mornings over the bay and vibrant sunset views from the heated pool, all in a tranquil and private setting. From the moment you arrive, the lushly landscaped garden path welcomes you with mature tropical plants and a secluded courtyard entrance that has a Mediterranean flare. Inside, the home features an open-concept design with high ceilings and expansive living areas that include spectacular water vistas. Culinary enthusiasts will appreciate the chef-inspired kitchen, complete with a gourmet range, pot-filler, wine refrigerator, and an oversized island perfect for gatherings. Step into the screened lanai and immerse yourself in outdoor living at its finest. With dual patios, there’s ample space for relaxation and socializing, whether hosting a casual BBQ or an elegant dinner party. A private sandy beach area offers the perfect launch spot for kayaks and paddleboards, while the dock includes a boat lift, fishing pier, and cleaning station – ideal for boating and fishing enthusiasts. For added convenience, the property features an attached two-car garage, plus a detached one-car garage with room to create an efficiency suite or guest space. This unique waterfront estate embodies the best of Florida living and offers a rare opportunity to own a slice of paradise on the bay.

Details

Property type

Single Family Residence

Est. home value

$2,830,299

Lot size

0.58 acres

Price per sq ft

$1,031

Year built

1979

Annual property taxes

$22,932.64

Monthly HOA fee

$7.08

Price History

07/30/2024
StellarMLS

StellarMLS #A4617786

Price change
$2,950,000
-7.81%
07/25/2024
StellarMLS

StellarMLS #A4617786

Listed
$3,200,000
+20.75%
03/24/2022
StellarMLS

StellarMLS #A4522764

Sold
$2,650,000
+76.67%

Schools & Community

Elementary school: 

Laurel Nokomis Elementary

Middle school: 

Sarasota Middle

High school: 

Venice Senior High

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$704,835
Asking price
$2,950,000
Closing costs (~8% of asking)
-$236,000
Est. remaining loan balance
-$2,009,165
Cash to seller
$704,835

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

March 2022

Original loan amount

$2,120,000

Est. remaining balance

$2,009,165

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Michael Dwyer Kelly

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/23/2024 at 4:45 AM

Listing updated: 10/30/2024 at 3:57 PM

Listed by: Krista Eash, EXP REALTY LLC Phone #: (888) 883-8509

MLS: StellarMLS #A4617786

StellarMLS logo

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