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Sold for $520,000
  • $520,000

    1048 W PEPPERTREE LANE #118B, SARASOTA, FL 34242

    2beds
    975sqft
    Condominium
    Built in 1974
    -- sqft lot
    $488,000 Zestimate®
    $533/sqft
    $7,816 Estimated rent

    Home value

    $488,000

    $439,000 - $542,000

    $7,816/mo

    Zestimate® history
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    What's special

    Steps to the beachGlassed in lanaiSolid surface countersWarm neutral coastal decorOversized closetHurricane grade windowCustom window coverings
    Prime second floor walkup, ready for you to enjoy the laid back Siesta Key lifestyle. Meticulously maintained by the current owners for the last 15 years. Warm neutral coastal decor, with an emphasis on preserving the mid-century modern Siesta Key beach vibe. Features include new fridge, range, microwave and dryer (2024). Hurricane grade window installed in 2019. Flatscreen TV's in living area and bedrooms. Custom window coverings... California shutters, Hunter Douglas Honeycomb Vertiglide and custom draperies. Kitchen includes solid surface counters which provide ample space for preparation. Bathrooms feature custom vanities with quartz countertops and custom glass shower doors. Master bedroom features an oversized closet complete with full length owner locked storage cabinets. The unit also features an interior storage room, the perfect place for your golf clubs, fishing gear and beach toys!! The glassed in lanai features Resti, overlooks the interior pond and provides the perfect space for coffee, cocktails or al fresco dining. This unit is located on the Gulf side of Peppertree Bay, steps to the beach. Owner never rented unit.

    Zillow last checked:

    Listing updated:

    Listed by:

    Marc Rasmussen 941-200-4663,

    CORCORAN DWELLINGS REALTY 941-200-4663

    Bought with:

    Cheryl Santelli, 3092756

    PEPPERTREE BAY REALTY INC

    Eliza Miller, 3336382

    PEPPERTREE BAY REALTY INC

    Source: Stellar MLS,MLS#: A4628318MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Features: Walk-In Closet(s)
    • Level: First
    • Area: 120 Square Feet
    • Dimensions: 10x12
    Bedroom 2
    • Features: Built-in Closet
    • Level: First
    • Area: 154 Square Feet
    • Dimensions: 11x14
    Kitchen
    • Level: First
    • Area: 132 Square Feet
    • Dimensions: 11x12
    Living room
    • Level: First
    • Area: 253.75 Square Feet
    • Dimensions: 17.5x14.5
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    • Laundry: Inside
    Features
    • Walk-In Closet(s)
    • Flooring: Carpet, Ceramic Tile
    • Doors: Sliding Doors
    • Has fireplace: No
    Interior area
    • Total structure area: 1,105
    • Total interior livable area: 975 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    • Has private pool: Yes
    • Pool features: In Ground
    • On waterfront: Yes
    • Waterfront features: Lake Front, Pond
    Details
    • Parcel number: 0106034112
    • Zoning: RMF3
    • Special conditions: None

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Materials
    • Brick
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1974

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Street Lights

    Community & HOA

    Community
    • Features: Buyer Approval Required, Deed Restrictions, Fitness Center, No Truck/RV/Motorcycle Parking, Pool, Tennis Court(s)
    • Pet fee: $0 monthly
    • Subdivision: PEPPERTREE BAY IV
    HOA
    • Has HOA: Yes
    • Services included: Cable TV, Community Pool, Reserve Fund, Fidelity Bond, Insurance, Internet, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Security, Sewer, Trash, Water
    • HOA fee: $1,010 monthly
    • HOA name: Will Seeley
    • HOA phone: 941-349-7777
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $533/sqft
    • Tax assessed value: $415,000
    • Annual tax amount: $5,741
    • Date on market: 1/2/2025
    • Cumulative days on market: 36 days
    • Ownership: Condominium
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Paved

    Price history

    DateEventPrice
    3/26/2025Sold$520,000-16%$533/sqft
    Source: Stellar MLS #A4628318 Report a problem
    2/8/2025Pending sale$619,000$635/sqft
    Source: Stellar MLS #A4628318 Report a problem
    1/27/2025Price change$619,000-3.1%$635/sqft
    Source: Stellar MLS #A4628318 Report a problem
    1/2/2025Listed for sale$639,000-11.2%$655/sqft
    Source: Stellar MLS #A4628318 Report a problem
    4/14/2024Listing removed$719,900$738/sqft
    Source: Stellar MLS #A4603520 Report a problem
    4/9/2024Price change$719,900-3.7%$738/sqft
    Source: Stellar MLS #A4603520 Report a problem
    3/14/2024Listed for sale$747,500+157.8%$767/sqft
    Source: Stellar MLS #A4603520 Report a problem
    7/8/2010Sold$290,000$297/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,284 -11.6%$415,000 -0.7%
    2024$5,976 +4.1%$417,934 +10%
    2023$5,741 +12.1%$379,940 +10%
    2022$5,122 +22.1%$345,400 +10%
    2021$4,195 +4.8%$314,000 +7.3%
    2020$4,002 -5.8%$292,700 -7.2%
    2019$4,246 $315,370 +10%
    2018$4,246 +9.7%$286,700 -0.1%
    2017$3,870 +11.8%$287,012 -14.1%
    2016$3,461 $334,000 +40.8%
    2015$3,461 -13.7%$237,200 -1.2%
    2014$4,010 +9.1%$240,020
    2013$3,677 +13.6%$240,020 +10%
    2012$3,238 +1.6%$218,200
    2011$3,187 -9.4%$218,200 -7.6%
    2010$3,516 -24.7%$236,100 -15.1%
    2009$4,671 $278,000 -19.8%
    2008$4,671 -14.8%$346,600 -15.2%
    2007$5,480 $408,500 -1.3%
    2006-- $413,800 +25.2%
    2005-- $330,583 +28.3%
    2004$4,080 +7.7%$257,600 +12%
    2003$3,787 +27.7%$230,000 +30.8%
    2002$2,966 +43.6%$175,800 +42%
    2001$2,066 +6.6%$123,827 +3%
    2000$1,938 $120,220
    Find assessor info on the county website

    Neighborhood: 34242

    Nearby schools

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    Estimated market value
    $488,000
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    Estimated market value
    $488,000