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.
Property Details
Property Features
Property Information:
Architectural Style: Ranch
Year Built: 1979
Stories: 1
Living Area: 2,862 SqFt
Listing Office:
Office Name: EXP REALTY LLC
Office Phone: (888) 883-8509
Listing Agent: Krista Eash
Interior Features
Interior Information:
Appliances: Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer, Wine Cooler
Flooring Type: Laminate, Tile
Interior: Ceiling Fans(s), Crown Molding, High Ceilings, Open Floorplan, Primary Bedroom Main Floor, Skylight(s), Walk-In Closet(s)
Directions: From US-41 & FL-681, continue North on US-41 to Sorrento Dr., Left onto Sorrento Dr. to S Shore Dr., Right onto S Shore Dr to Velasquez Drive. Left onto Velasquez. Pull into the left-most (shared) driveway, curving to the right, then to the left. Follow the posted signs to 503.
Price Information
Listing Price Info
Price Summary:
List Price: $2,950,000
Price Per SqFt: $1,031/SqFt
HOA Fees:
Amount: $85
Frequency: Annually
Tax Information:
Annual Amount: $370
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Osprey, FL.
This property is $2.1M more than the Median Sold Price and $693/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: #A4617786
Listing Office:
Office Name: EXP REALTY LLC
Office Phone: (888) 883-8509
Listing Agent: Krista Eash
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.
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: 12/18/2024, 7:19:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Aug 06, 2021
Aug 06, 2021Home Sold
$1,500,000
Jul 03, 2018
Jul 03, 2018Home Sold
$1,150,000
Oct 22, 2009
Oct 22, 2009Home Sold
$980,000
Jul 10, 2002
Jul 10, 2002Home Sold
$940,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$370
$925,834
2019
$338
$905,019
2018
$11,622
$780,670
2017
$9,314
$709,700
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$14.7K
Per Month
Principal & Interest
$14.7K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$7
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$8,911
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Venice Elementary School
150 Miami Ave E
Distance between this listing and this school5.28 miles
Public District Grades PK-5
6
/10
Gulf Gate Elementary School
6500 S Lockwood Ridge Rd
Distance between this listing and this school6.87 miles
Public District Grades PK-5
9
/10
Garden Elementary School
700 Center Rd
Distance between this listing and this school7.93 miles
Public District Grades PK-5
Nearby Schools
8
/10
Laurel Nokomis School
1900 Laurel Rd E
Distance between this listing and this school4.07 miles
Public District Grades PK-8
7
/10
Student Leadership Academy
200 Field Ave E
Distance between this listing and this school6.28 miles
Public Charter Grades 6-8
7
/10
Imagine School at Palmer Ranch
6220 McIntosh Rd
Distance between this listing and this school6.86 miles
Public Charter Grades PK-8
Nearby Schools
7
/10
Island Village Montessori School
2001 Pinebrook Rd
Distance between this listing and this school4.86 miles
Public Charter Grades KG-11
6
/10
Venice High School
1 Indian Ave
Distance between this listing and this school5.60 miles
Public Magnet Grades 9-12
6
/10
Riverview High School
1 Ram Way
Distance between this listing and this school8.48 miles
The neighbors living near this home have an average income of $62,500. Residents of Osprey, FL typically earn between $35k-100k each year. The majority of families are single, 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 503 Velasquez Dr
What is the listing price of this property?
The listing price of 503 Velasquez Dr property is $2,950,000.
What type of property is this?
The property 503 Velasquez Dr is a house located in Osprey, Florida, 34229.
Is this property for sale now?
Active Listing: 503 Velasquez Dr 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 $370 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on August 6, 2021 for $1,500,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 503 Velasquez Dr has 4 bedrooms and 3 full and 1 half bathrooms.
What is the square footage of this property?
The property 503 Velasquez Dr is 2,862 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 503 Velasquez Dr is 1979.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 503 Velasquez Dr in Osprey, FL and zip code 34229. This 2,862 square foot home, which was built in 1979, sits on a 0.58 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 25, 2024 and is currently priced at $2,950,000.
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. In November 2024 in Osprey, FL there were 11.8% more homes for sale than in October 2024. Listings spent 169 days on the market in November 2024, and had a median list price of $850,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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.
Hiking/backpacking
Hiking/backpacking
PGA/LPGA
Symphony or Opera
Nordstrom Rack
Stein Mart
Chico's
Chipotle
Bonefish Grill
Bob Evans
Mazda
Lincoln
Cadillac
Rock
Classical
News/Talk/Information