Condominium

EXCLUSIVE BREW: Marilyn Mosby bought a $476,000 condominium in Florida last month

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Baltimore State Attorney Marilyn Mosby bought a condominium near Sarasota, Florida last month, paying $476,000 for the two-bedroom property described in real estate listings as “The Tree House.”

According to land records, 2934 Gulf of Mexico Drive, Longboat Key was transferred from Mustard Group LLC to Mosby on February 12.

Built in 1984, it has two bedrooms, two bathrooms and a living area of ​​1,433 square feet. The property is described as having cathedral ceilings, walk-in closets and access to the condominium complex pool.

As for beachfront access, property listings describe the Gulf of Mexico as being publicly accessible just across Gulf of Mexico Drive “four minutes away.”

Records show the property has homeowners association fees of $1,045 per month and paid $5,349 in property taxes last year.

Mosby took out a $428,400 loan from United Wholesale Mortgage to pay for the property, which she originally made an offer for in early January.

• Federal prosecutors investigate Marilyn and Nick Mosby’s business, travel and tax deductions (3/19/21)
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UPDATE – Beer confirmed another real estate transaction in Florida by Mosby. On September 2, 2020, 1953 Nice Court was sold to Mosby for $545,000. The property in Kissimmee, near Orlando, has eight bedrooms, six bathrooms, three master bedroom suites and a swimming pool, according to local listings. That same day, Mosby took out a $490,500 mortgage on the property with Cardinal Financial Co. in Charlotte, North Carolina.

The dining room at 1953 Nice Court, an eight-bedroom, three-suite property that belonged to Marilyn Mosby.

Federal investigation

The Longboat Key purchase was made just weeks before Mosby and her husband, City Council Speaker Nick Mosby, were told they were being investigated by federal prosecutors, who subpoenaed several financial and other documents.

On March 10, investigators approached Nick Mosby while he was leading a virtual Board of Estimates meeting at City Hall, according to his attorney. Officers also attempted to serve Marilyn Mosby at the couple’s Reservoir Hill home, sources say.

Over the past few months, a number of financial issues have clouded the high-profile couple.

In October, the Mosbys admitted that the IRS had filed a $45,000 lien against them for unpaid back taxes.

Nick Mosby has publicly stated that the couple repaid the lien, but it’s unclear if they actually did (see statement of their lawyer below).

The Mosbys did not respond to questions from The drink today on the lien and buying property in Florida.
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UPDATE: Asked today about the Mosby’s $45,000 tax lien, the couple’s attorney, A. Scott Bolden, said“It is taken care of. When asked if the lien had been fully refunded, he repeated, “It’s taken care of – period.”

(During a November 23, 2020 press conference, Nick Mosby said in response to a Brew question about the tax lien, “I paid”. The full $45,000? “Yes. Next question.”)

Bolden criticized the disclosure of Mosby’s real estate purchase in Florida, saying that “a public servant has an income, saves his money and buys a property. Why is this news? »
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Other issues The drink revealed involving the couple include:

• Marilyn Mosby had established a side business – Mahogany Elite Enterprises LLC, plus two subsidiaries, Mahogany Elite Consulting and Elite Travel – which were not disclosed to the Maryland Ethics Commission until after Brew reporters began reviewing his records.

• A later report from the Baltimore Inspector General found that Mosby used Mahogany Elite to deduct $5,000 in federal income tax while reporting that the business was not active and earned no income .

• IG also discovered that Mahogany Elite paid for Nick Mosby to fly from California to Florida in 2019. Mosby was not an employee of his wife’s company.

• Marilyn and Nick Mosby (Full Brew blanket)

The sale of the Longboat Key condo to Marilyn Mosby, recently listed by a Florida news website as having taken place in February.  (YourObserver.com)

The sale of the Longboat Key condo to Marilyn Mosby, listed recently by a Florida news website, was completed in February. (YourObserver.com)

Photos accompanying a real estate advertisement for 1953 Nice Court.

Photos accompanying a real estate advertisement for 1953 Nice Court.

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