Large Location Icon

1240 Panama Dr; Sarasota, FL Property Details

1240 Panama Dr, Sarasota, FL is a Single Family that was built in 1953. This property is not for sale. Our records show that 1240 Panama Dr has 2 bedrooms, and 2 bathrooms, and a total of 1,096 square feet. The lot size of 1240 Panama Dr is 8,067 square feet.

Off market
1240 Panama Dr Sarasota, FL 34234
$51,540 Estimated Value
2 Beds
2 Baths
1,096 SqFt
Property Details

Summary

  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1953
  • Open Loans / Balance: 1 / $23,861
  • Est. Equity / %: $339,139 / 93.43%
  • Gross Yield: 8.655%
  • APN: 2024-05-0007
  • Situs County: Sarasota

Rooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 5

Structure

  • Building Style: Wood
  • Floor Cover Type: Carpet
  • Stories: 1
  • Exterior Wall Type: Stucco
  • Interior Wall Type: Paneling
  • Building Quality: E
  • Roof Type: Flat
  • Roof Cover Type: Composition Shingle
  • Sewer Type: Municipal
  • Water Source: Municipal

Measurements

  • Total: 1,096/SqFt
  • Lot: 8,067/SqFt
  • Gross: 1,096/SqFt
  • Garage: 240/SqFt
  • Living: 1,096/SqFt
  • Building: 1,096/SqFt
  • Ground: 1,096/SqFt

Legal Description

  • Description: LOT 14 & WLY 5 FT OF LOT 15 PANAMA SUB
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: AE / High Risk
  • School District: Sarasota County School District
  • Lat / Lon: 27.356216 / -82.546135
  • Subdivision: Panama Sub
  • Property Class: Residential
  • Zoning: RSF3
  • County Use Code: 0100

Amenities

  • Plus Four: 7446
  • Cooling: Window\Unit
  • Garage: Carport
  • Heating: Floor/Wall
  • Parking: 1

Ownership Info

1240 Panama Dr has no associated ownership info
1240 Panama Dr has no associated ownership info.

Taxes

1240 Panama Dr has 9 associated Taxes items

1240 Panama Dr, Sarasota, FL pays taxes in Sarasota County, FL. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $51,540. The APN we've located for 1240 Panama Dr is 2024-05-0007.

Unlock the full report
Taxes
  • Assessed Value:  $51,540
  • Assessed Year:  2025
  • Assessed County:  Sarasota
  • APN:  2024-05-0007
  • Market Land Value:  243100
  • Tax Amount:  600.67
  • Tax Year:  2024
  • Market Value:  314800
  • Market Year:  2025

Tax History

1240 Panama Dr has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $51,540 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $50,087 Land Value Improvement Value Tax Amount $600.67 Change Rate +0.077957% Assessed CR Tax Rate +0.011993%
Year 2023 Assessed Value $48,628 Land Value Improvement Value Tax Amount $557.23 Change Rate +0.110839% Assessed CR Tax Rate +0.011459%
Year 2022 Assessed Value $47,212 Land Value Improvement Value Tax Amount $501.63 Change Rate -0.006398% Assessed CR Tax Rate +0.010625%
Year 2021 Assessed Value $45,837 Land Value Improvement Value Tax Amount $504.86 Change Rate +0.007423% Assessed CR Tax Rate +0.011014%
Year 2020 Assessed Value $45,204 Land Value Improvement Value Tax Amount $501.14 Change Rate +0.038847% Assessed CR Tax Rate +0.011086%
Year 2019 Assessed Value $44,188 Land Value Improvement Value Tax Amount $482.4 Change Rate +0.028199% Assessed CR Tax Rate +0.010917%
Year 2018 Assessed Value $43,364 Land Value Improvement Value Tax Amount $469.17 Change Rate +0.04441% Assessed CR Tax Rate +0.010819%
Year 2017 Assessed Value $42,472 Land Value Improvement Value Tax Amount $449.22 Change Rate Assessed CR Tax Rate +0.010577%
Year 2016 Assessed Value $61,700 Land Value $18,800 Improvement Value $42,900 Tax Amount $449.22 Change Rate Assessed CR Tax Rate +0.007281%
Year 2015 Assessed Value $46,100 Land Value $12,400 Improvement Value $33,700 Tax Amount $449.22 Change Rate +0.007762% Assessed CR Tax Rate +0.009744%
Year 2014 Assessed Value $40,375 Land Value Improvement Value Tax Amount $445.76 Change Rate Assessed CR Tax Rate +0.01104%