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Sold for $3,950,000
  • $3,950,000

    1851 Island Way, Osprey, FL 34229

    5beds
    5,233sqft
    Single Family Residence
    Built in 1981
    0.68 Acres Lot
    $3,164,400 Zestimate®
    $755/sqft
    $5,370 Estimated rent

    Home value

    $3,164,400

    $2.66M - $3.77M

    $5,370/mo

    Zestimate® history
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    What's special

    Private dockLarge waterfront homeTennis courtsFormal dining roomDual bathroomsDay dockCathedral ceiling
    1+ acre waterfront property surrounded by 370 feet of water on three sides. This listing includes two parcels: 1) .68 acre with the existing home, and 2) .44 acre buildable lot that can be developed with a large waterfront home on a deep canal. Serene privacy on a cul-de-sac in the secluded South Creek community directly across from Oscar Scherer State Park and just 5 minutes to Pine View School for the Gifted. Located between Sarasota and Venice with easy access to the best amenities in both communities including beaches, shopping, dining, arts, medical and personal services. Private dock for two boats, along with kayak/paddleboard launch, provides easy access to Sarasota’s coastal waterways for endless days enjoying Florida’s year-round sun and fun. The 5,233-square-foot residence has five bedrooms, five baths, plus an in-law studio apartment. All levels feature expansive outdoor lanais/balconies with water views. Living areas are on the second level and include formal living room with cathedral ceiling, formal dining room and family room with wood-burning fireplace. The third level has the owner's retreat featuring sitting room, dual bathrooms, 24x16 bedroom and balcony with the best views of the house. This residence is on the same street as South Creek community amenities which include tennis courts, playground, day dock and night security gate. The singular combination of location, waterfront and size make this a remarkable property for an exceptional lifestyle.

    Zillow last checked:

    Listing updated:

    Listed by:

    Nancy Endara 941-323-1700,

    PREMIER SOTHEBY'S INTERNATIONAL REALTY 941-364-4000

    Bought with:

    Nancy Endara, 3240423

    PREMIER SOTHEBY'S INTERNATIONAL REALTY

    Source: Stellar MLS,MLS#: A4592818MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    • Full bathrooms: 5
    Rooms
    • Room types: Bonus Room, Den/Library/Office, Family Room, Dining Room, Living Room, Storage Rooms
    Primary bedroom
    • Features: Ceiling Fan(s), En Suite Bathroom, Walk-In Closet(s)
    • Level: Third
    • Dimensions: 23x16
    Bedroom 2
    • Features: Ceiling Fan(s), En Suite Bathroom, Walk-In Closet(s)
    • Level: Second
    • Dimensions: 12x16
    Bedroom 3
    • Features: Walk-In Closet(s)
    • Level: Second
    • Dimensions: 13x12
    Bedroom 4
    • Features: Ceiling Fan(s), Built-in Closet
    • Level: First
    • Dimensions: 23x15
    Bedroom 5
    • Features: Built-In Shelving, Ceiling Fan(s), Built-in Closet
    • Level: First
    • Dimensions: 21x11
    Primary bathroom
    • Features: Bath With Whirlpool, Bidet, Single Vanity, Stone Counters
    • Level: Third
    • Dimensions: 14x5
    Primary bathroom
    • Features: Shower No Tub, Single Vanity, Stone Counters
    • Level: Third
    • Dimensions: 14x5
    Dining room
    • Features: Built-In Shelving
    • Level: Second
    • Dimensions: 14x12
    Family room
    • Features: Ceiling Fan(s)
    • Level: Second
    • Dimensions: 24x16
    Great room
    • Level: First
    • Dimensions: 18x26
    Kitchen
    • Features: Kitchen Island, Built-in Features, Granite Counters, Pantry
    • Level: Second
    • Dimensions: 17x13
    Laundry
    • Features: Built-In Shelving, Stone Counters
    • Level: First
    • Dimensions: 15x6
    Living room
    • Features: Ceiling Fan(s)
    • Level: Second
    • Dimensions: 16x22
    Heating
    • Electric
    Cooling
    • Central Air
    Appliances
    • Included: Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Refrigerator, Trash Compactor, Washer
    • Laundry: Inside, Laundry Room
    Features
    • Cathedral Ceiling(s), Ceiling Fan(s), Central Vacuum, Dry Bar, Dumbwaiter, PrimaryBedroom Upstairs, Solid Wood Cabinets, Split Bedroom, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s), In-Law Floorplan
    • Flooring: Carpet, Tile, Vinyl
    • Doors: Sliding Doors
    • Windows: Skylight(s)
    • Has fireplace: Yes
    • Fireplace features: Family Room, Other Room, Wood Burning
    Interior area
    • Total structure area: 6,846
    • Total interior livable area: 5,233 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Driveway, Garage Door Opener
    • Attached garage spaces: 2
    • Has uncovered spaces: Yes
    • Details: Garage Dimensions: 22x23
    Features
    • Levels: Three Or More
    • Stories: 3
    • Patio & porch: Covered, Deck, Front Porch, Patio, Rear Porch
    • Exterior features: Balcony, Irrigation System
    • Has private pool: Yes
    • Pool features: Auto Cleaner, In Ground, Lighting
    • Has view: Yes
    • View description: Pool, Water, Canal
    • Has water view: Yes
    • Water view: Water,Canal
    • Waterfront features: Waterfront, Canal - Saltwater, Saltwater Canal Access
    • Body of water: LITTLE SARASOTA BAY
    Lot
    • Size: 0.68 Acres
    • Features: Cul-De-Sac, FloodZone, In County, Oversized Lot
    • Residential vegetation: Trees/Landscaped
    Details
    • Additional parcels included: 0158090004
    • Parcel number: 0158090005
    • Zoning: RSF2
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Custom
    • Property subtype: Single Family Residence
    Materials
    • Stucco
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1981

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Electricity Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Community Boat Ramp, Fishing, Intracoastal Waterway, Water Access, Waterfront, Deed Restrictions, Gated Community - No Guard, Park, Playground, Sidewalks
    • Security: Closed Circuit Camera(s), Fire Alarm, Security System
    • Pet fee: $0 monthly
    • Subdivision: SOUTH CREEK
    HOA
    • Has HOA: Yes
    • Services included: Common Area Taxes, Manager
    • HOA fee: $125 monthly
    • HOA name: Pinnacle Community Association - Ginny Deck
    • HOA phone: 941-444-7090
    Location
    • Region: Osprey

    Financial & listing details

    • Price per square foot: $755/sqft
    • Tax assessed value: $2,145,900
    • Annual tax amount: $8,395
    • Date on market: 1/11/2024
    • Cumulative days on market: 4 days
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    2/16/2024Sold$3,950,000$755/sqft
    Source: Stellar MLS #A4592818 Report a problem
    1/16/2024Pending sale$3,950,000$755/sqft
    Source: Stellar MLS #A4592818 Report a problem
    1/11/2024Listed for sale$3,950,000+5.3%$755/sqft
    Source: Stellar MLS #A4592818 Report a problem
    2/1/2023Listing removed--
    Source: Stellar MLS #A4537690 Report a problem
    9/9/2022Price change$3,750,000-5.1%$717/sqft
    Source: Stellar MLS #A4537690 Report a problem
    6/15/2022Listed for sale$3,950,000+4964.1%$755/sqft
    Source: Stellar MLS #A4537690 Report a problem
    12/11/2000Sold$78,000-86.4%$15/sqft
    Source: Public Record Report a problem
    10/15/1999Sold$575,000$110/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$24,981 +189.2%$2,145,900 +188.6%
    2024$8,637 +2.9%$743,596 +3%
    2023$8,395 +0.6%$721,938 +3%
    2022$8,343 +1.6%$700,911 +3%
    2021$8,208 -0.6%$680,496 +1.4%
    2020$8,260 +3.1%$671,101 +2.3%
    2019$8,012 $656,013 +1.9%
    2018$8,012 +1.9%$643,781 +2.1%
    2017$7,860 -1.3%$630,540 -53.3%
    2016$7,963 $1,349,200 -3.7%
    2015$7,963 +0.4%$1,401,600 +133.8%
    2014$7,935 +0%$599,420
    2013$7,935 +2.8%$599,420 +1.7%
    2012$7,718 -16.8%$589,400 -17.9%
    2011$9,281 -6.5%$717,900 -3.7%
    2010$9,931 +10%$745,700 +2.1%
    2009$9,028 $730,150 +0.1%
    2008$9,028 +0.8%$729,421 +3%
    2007$8,952 $708,176 +2.5%
    2006-- $690,903 +3%
    2005-- $670,780 +3%
    2004$9,473 -1.2%$651,243 +1.9%
    2003$9,593 +3.7%$639,100 +2.4%
    2002$9,254 +7.5%$624,121 +1.6%
    2001$8,611 +2.4%$614,292 +3%
    2000$8,411 $596,400
    Find assessor info on the county website

    Neighborhood: 34229

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Laurel Nokomis Elementary
    • Middle: Laurel Nokomis Middle
    • High: Venice Senior High

    Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $3,164,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $3,164,400