new - 6 days on rocket

1862 Island Way, Osprey, FL, 34229

$2,425,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths
3,598 SqFt
$674/SqFt
House

Location

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1862 Island Way, Osprey$2,425,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Attached Garage2 spaces
Year Built1982
HeatingElectric
CoolingCentral Air
WaterfrontBay, Intracoastal Waterway
FireplaceStone, Wood Burning
ViewWater
Private PoolYes
MLS #A4631910
Lot Size0.39 Acres
StatusActive

About 1862 Island Way

South Sarasota waterfront property surrounded by 312 feet of water on three sides feels like living on a private island. Serene privacy on a cul-de-sac in the secluded South Creek community directly across from Oscar Scherer State Park and just five minutes to Pine View School for the Gifted. Between Sarasota and Venice with easy access to the best amenities in both communities including beaches, shopping, dining, arts, medical and personal services. This island playground is an outdoor enthusiast’s delight. Private dock with kayak and paddleboard launch provides easy access to Sarasota’s coastal waterways for endless days enjoying Florida’s year-round sun and fun. Take a kayak trip to Nokomis Breakfast Cottage, Oscar Scherer State Park or secret mangrove tunnels. Relax on the back porch and be on the lookout for manatees, dolphins, pelicans and ospreys. A five-minute drive takes you to Nokomis Beach. The nearby Legacy Trail offers over 20 miles of rails-to-trails paved cycling paths. Spectacular sunsets are a daily celebration. The 3,598-square-foot residence has four bedrooms and three baths. Living areas include a formal living room with cathedral ceiling, formal dining room and family room with wood-burning fireplace. The ground floor has various climate-controlled rooms and screened-in areas. Outdoor amenities include heated swimming pool, pergola with bench swings, bocce court and dock. South Creek is a gated community with easy access to U.S. 41 and Interstate75. This residence is on the same street as the community amenities which include tennis courts, basketball, playground, day dock and night security gate. The singular combination of location, waterfront and size make this a desirable property for an exceptional lifestyle. Due to flood damage on the first floor, the house is for sale as is.

Property Details

Property Features

Property Information:

  • Architectural Style: Custom
  • Year Built: 1982
  • Stories: 1
  • Living Area: 3,598 SqFt

Listing Office:

  • Office Name: PREMIER SOTHEBYS INTL REALTY
  • Office Phone: (941) 364-4000
  • Listing Agent: Nancy Endara

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
  • Flooring Type: Carpet, Tile, Wood
  • Interior: Ceiling Fans(s), Kitchen/Family Room Combo
  • Fireplace: Stone, Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: Bay, Intracoastal Waterway
  • View: Water
  • Exterior: Awning(s), Balcony, Irrigation System, Rain Gutters, Sliding Doors

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Driveway

Lot Features

Lot Information:

  • Lot: Cul-De-Sac, Flood Zone, Landscaped, Level
  • Lot Size: 0.39 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Downtown Sarasota, head South on Route 41. Make a Right onto South Creek Drive. After the gate, make the first Left onto Island Way. Home is at the end of cul-de-sac.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,425,000
  • Price Per SqFt: $674/SqFt

HOA Fees:

  • Amount: $425
  • Frequency: Quarterly

Tax Information:

  • Annual Amount: $10,306
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Osprey, FL.

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Osprey, FL

City

Med. Sold Price

$850K

Med. Price/SqFt

$337

Avg. Days On Market

169

# of Sold Homes

10

1862 Island Way vs Osprey

6 DAYS ON ROCKET

-163 Days

$2,425,000

+$1.5M More

$674/SqFt

+$336 More

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price and $336/SqFt more than other homes in Osprey, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #A4631910

Listing Office:

  • Office Name: PREMIER SOTHEBYS INTL REALTY
  • Office Phone: (941) 364-4000
  • Listing Agent: Nancy Endara

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 10:49:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$10,306$582,516
2019$10,086$569,419
2018$9,946$558,802
2017$9,919$547,309

History based on county public records data.

Payment Calculator

$12.3K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,337

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4391895
9
/10

  • Venice Elementary School

  • 150 Miami Ave E

  • 5.56 miles

  • Public District Grades PK-5

school-card-donut-4391896
6
/10

  • Gulf Gate Elementary School

  • 6500 S Lockwood Ridge Rd

  • 6.53 miles

  • Public District Grades PK-5

school-card-donut-4391897
10
/10

  • Ashton Elementary School

  • 5110 Ashton Rd

  • 7.56 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $72,609. The majority of Osprey, FL residents have income between $35k-100k annually. The most common type of family is married, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1862 Island Way

What is the listing price of this property?

The listing price of 1862 Island Way property is $2,425,000.

What type of property is this?

The property 1862 Island Way is a house located in Osprey, Florida, 34229.

Is this property for sale now?

Active Listing: 1862 Island Way is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $10,306 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1862 Island Way has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 1862 Island Way is 3,598 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1862 Island Way is 1982.

Rocket Homes›Florida›Sarasota County›Osprey›34229›1862 Island Way

This home is located at 1862 Island Way in Osprey, FL and zip code 34229. This 3,598 square foot home, which was built in 1982, sits on a 0.39 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 11, 2024 and is currently priced at $2,425,000.

In November 2024 more than 0 listings in Osprey, FL were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 9 were sold below. The inventory of homes for sale in Osprey, FL between October 2024 and November 2024 increased by 11.8%. The median list price of listings available in November 2024 was $850,000, while the average time on the real estate market was 169 days.

From Rocket Homes Real Estate and based on county public records data.

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