2800 CASEY KEY RD Nokomis, FL 34275 Sold on 12/15/2023

$2,000,000

$2,300,000 13.0%

3 Beds3 Baths3,302 SqFt

Key Details

Sold Price $2,000,00013.0%

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 3,302 sqft

Price per Sqft $605

Subdivision Casey Key

MLS Listing ID A4555150

Sold Date 12/15/23

Bedrooms 3

Full Baths 2

Half Baths 1

HOA Fees $31/ann

HOA Y/N Yes

Annual Recurring Fee 375.0

Year Built 1966

Annual Tax Amount $16,528

Lot Size 0.770 Acres

Acres 0.77

Lot Dimensions 102x230x219x253

Property Sub-Type Single Family Residence

Source Stellar MLS

Property Description

Closed sale price of $2M reflects the property's "illegal non-conforming" zoning status which was discovered by title search during a pending sale in June 2023. The seller had purchased the home on the 9/10 acre lot in 1983 when the neighbor to the north, who had 2 homes on approx. a 1.5 acre parcel, spun off this property...not realizing, in 1975, Sarasota County had down-zoned Casey Key to 1-acre minimum lot requirements. The seller hired an attorney but, ultimately, the Zoning Board refused to grant an exception or variance and declared if the home was destroyed (voluntarily or involuntarily) it could not be rebuilt. The lot would have to remain vacant! Also the current home could not be expanded and even a pool could not be built. The first buyers cancelled their contract. The party who eventually purchased the property was aware of all this and the sale closed almost a year from the original listing date.
The deeded beach access across the street lies about 100 ft. to the north and leads to long stretches of beautiful sandy shorelines in both directions. Enjoy a beach and boating lifestyle, not far from shopping and dining, only about 20 minutes from Venice and 30 minutes into Sarasota. Casey Key offers a quiet solitude that has long been home to a host of the rich and famous. The narrow winding main road passes bungalows and mansions. Escape the hustle and bustle of the islands to the north while having the accessibility of the renowned arts and culture and acclaimed medical facilities nearby.
Non-conforming use due to lot being less than one acre limits what may be done with the property. The dock and patio decks are not warranted by seller. The irrigation system is not operational.