$1,050,000

742 Shadow Bay Way Osprey, FL 34229

$10,000
Closing credit¹
4 beds
3 full
3,321 sqft
0.3 acres
$316 / sqft
House

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

Home typeSingle Family Residence
HeatingCentral, Electric
StatusActive
CoolingCentral Air
Size3,321 sqft
Lot size0.26 Acres
Year built2002
MLS #A4644210
Attached garage3 spaces
WaterfrontLake Front
ViewPark, Water
Private poolYes

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

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. Properties displayed may be listed or sold by various participants in the MLS.

DMCA Notice

IDX Copyright 2025 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: 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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742 Shadow Bay Way, Osprey, FL 34229 - mediterranean / spanish house featuring stucco siding, a tile roof, decorative driveway, french doors, and a garage

$1,050,000

742 Shadow Bay Way

$10,000

closing credit¹

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Price information

Property sales

DateEventPrice
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

YearAssessmentProperty 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.

All data from GreatSchools

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.

How much money do the neighbors make?

17%
<35k
39%
35k-100k
30%
100k-200k
14%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

25%
Single, No Kids
6%
Single, with Kids
52%
Married, No Kids
17%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

9%
<11 yrs old
8%
12-17 yrs old
7%
18-34 yrs old
46%
35-64 yrs old
30%
65+ yrs old

What do the neighbors do for fun?

  • PGA/LPGAPGA/LPGA
  • Skiing/snowboardingSkiing/snowboarding
  • Figure SkatingFigure Skating

Where do the neighbors shop?

  • Stein MartStein Mart
  • BJs Wholesale ClubBJs Wholesale Club
  • KmartKmart

Where do the neighbors go to eat?

  • Bob EvansBob Evans
  • PaneraPanera
  • Cracker BarrelCracker Barrel

What do the neighbors drive?

  • LincolnLincoln
  • InfinitiInfiniti
  • LexusLexus

What do the neighbors listen to?

  • News/Talk/InformationNews/Talk/Information
  • Adult HitsAdult Hits
  • OldiesOldies
All data provided by Home Junction and Claritas

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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.

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

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