#A4652814, Katrin Pfitzenreiter, Listing office: COLDWELL BANKER SARASOTA CENT.
742 Shadow Bay Way Osprey, FL 34229
Property details
About 742 Shadow Bay Way
Welcome to Luxury Living in Rivendell! Nestled on a premium, private lot with serene lake and preserve views, this impeccably maintained, custom-built Arthur Rutenberg home offers elegance, comfort, and thoughtful design in every detail. Boasting 3,321 sq ft of refined living space, this residence features an open split floor plan, soaring ceilings, and abundant natural light throughout. The expansive primary suite is a true retreat, complete with crown molding, an oversized layout, and sliding glass doors that open directly to the lanai—perfect for morning coffee or evening relaxation. The home includes three full bathrooms, one with direct pool access, three generously sized guest bedrooms, and a spacious office ideal for working from home or a creative studio. A highlight of this home is its versatile garage configuration, with the potential to convert the current space into a third bay or use it as a bonus area for a gym, storage, or workshop. Step outside to your private oasis. The southern-facing lanai and saltwater pool area are designed for relaxation and entertaining. Enjoy the outdoor kitchen with built-in grill and bar top, integrated lighting and sound system, and a built-in pool vacuum for easy maintenance. The pool cage was recently updated and includes a 10-year warranty for added peace of mind. This home was built with energy efficiency in mind, including a hip roof for optimal performance. The roof is brand new, and both the interior and exterior have been freshly painted. Dual-zone A/C keeps the home cool and efficient—one unit is just one year old, while the second is well-maintained at nine years. Enter through grand double doors into a formal living and dining area. The large family room opens seamlessly to the lanai through sliding glass doors, creating a perfect flow for indoor-outdoor living. The kitchen, designed for both function and style, includes granite countertops, wood cabinetry, under-cabinet lighting, a new oven, and a spacious breakfast bar—ideal for gatherings and everyday living. Located in the highly sought-after community of Rivendell, residents enjoy access to nearly 400 acres of pristine lakes, scenic ponds, protected preserves, and abundant green space. Community amenities include a heated pool, walking and biking trails, playground, parks, and a charming gazebo. Just minutes away from top-rated Pine View School for the Gifted (grades 2–12), Legacy Trail, world-renowned beaches, shopping, medical facilities, and fine dining—this home truly has it all. All information provided by the sellers is deemed reliable but is not guaranteed. Buyers are encouraged to verify all information independently.
Highlights
Summary
- Full Bathrooms: 3
- Appliances: Convection Oven, Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Flooring Type: Bamboo, Ceramic Tile
- Interior: Built-in Features, Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s), Wet Bar, Window Treatments
- Total Bedroom Count: 4
- Garage Space: 3 spaces
- Attached Garage: Yes
- Private Pool: Yes
- Waterfront: Lake Front
- View: Park, Water
- Exterior: French Doors, Outdoor Kitchen, Rain Gutters
- Architectural Style: Custom
- Heating: Central, Electric
- Cooling: Central Air
- List Price: $1,050,000
- Price/SqFt: $316
- HOA Amount: $684 Semi-Annually
- Annual Tax Amount: $7,293
- Tax Year: 2023
- Directions: U.S. 41 to Old Venice Road to Rivendell Blvd., right on Rainbow Point to the end, turn left on Shadow Bay Way to #742 on your right
- Year Built: 2002
- Stories: 1
- Living Area: 3,321 SqFt
- Lot Size: 0.26 Acres
- MLS Number: A4644210
- MLS Name: MFRMLS
- Office Name: RE/MAX ALLIANCE GROUP
- Office Phone: (941) 954-5454
- Listing Agent: REENY Kaney
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Last updated on: 6/28/2025, 8:34:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,050,000
742 Shadow Bay Way
$10,000
closing credit¹
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Price information
Property sales
Date | Event | Price |
---|---|---|
Apr 13, 2016 | Home Sold | $665,000 |
Apr 23, 2014 | Home Sold | $635,000 |
Jul 20, 2006 | Home Sold | $800,000 |
Dec 04, 2002 | Home Sold | $604,100 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $601,053 | $7,293 |
2022 | $543,935 | $6,620 |
2021 | $528,092 | $6,620 |
2020 | $520,801 | $6,551 |
2019 | $509,092 | $6,375 |
2018 | $499,600 | $6,244 |
2017 | $498,300 | $6,333 |
History based on county public records data.
Nearby schools
7
Gulf Gate Elementary School
Public District PK-5
6.0 mi
•6500 S Lockwood Ridge Rd
10
Venice Elementary School
Public District PK-5
6.1 mi
•150 Miami Ave E
10
Ashton Elementary School
Public District PK-5
6.7 mi
•5110 Ashton Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $89,096. Residents of Osprey, FL typically earn between $35k-100k each year. The most common type of family is married, no kids. Most residents in this area have post secondary degree education.
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Frequently asked questions
About 742 Shadow Bay Way
The listing price of 742 Shadow Bay Way property is $1,050,000.
The property 742 Shadow Bay Way is a house located in Osprey, Florida, 34229.
Active Listing: 742 Shadow Bay Way is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 742 Shadow Bay Way are: Gulf Gate Elementary School (GreatSchools Rating 7/10), Venice Elementary School (GreatSchools Rating 10/10), Ashton Elementary School (GreatSchools Rating 10/10), Laurel Nokomis School (GreatSchools Rating 8/10), Imagine School at Palmer Ranch (GreatSchools Rating 5/10), Sarasota Middle School (GreatSchools Rating 8/10), Pine View School (GreatSchools Rating 10/10), Island Village Montessori School (GreatSchools Rating 7/10), Venice High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2023 is $7,293 (source: MLS/based on county public records data).
The last sale was on April 13, 2016 for $665,000 (source: MLS/tax record).
The property at 742 Shadow Bay Way has 4 bedrooms and 3 bathrooms.
The property 742 Shadow Bay Way is 3,321 SqFt (source: MLS/tax record).
The year of construction for 742 Shadow Bay Way is 2002.
This home is located at 742 Shadow Bay Way in Osprey, FL and zip code 34229. This 3,321 square foot home, which was built in 2002, sits on a 0.26 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 13, 2025 and is currently priced at $1,050,000.
In May 2025 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 18 were sold below. In May 2025 in Osprey, FL there were 14% less homes for sale than in April. In May 2025 median list price was $770,000 and the average listing age was 53 days.