941-235-7474

Listing Details for MLS #A4652628
5500 Merrimac Drive, Sarasota, Fl

Residential Property - Single Family Residence in Sarasota

Listing Price: $1,875,000 (Mortgage Calculator →)Days on Market: 59

Description of Property

One or more photo(s) has been virtually staged. DOUBLE LOT ON A PRIVATE WATERFRONT PENINSULA! This property is the quintessential location for living an incredible Florida lifestyle. The home itself is unique, offering space that lends itself to anything you can imagine. With four bedrooms, some of which can be configured to other uses, and 4 full baths, this home is made for entertaining. But you may find the pièce de résistance is outside, as the oversized .61-acre lot is beautifully situated on two waterways just off Phillippi Creek. With over 400 feet of private water frontage, this property is truly your tropical oasis, quiet and peaceful, yet close to everything you need. The house itself has been continuously updated from 2017-2024. Exploring the interior, you will find a great room with a dual sided wood burning fireplace, large, updated kitchen with stainless steel appliances, farmhouse sink and pot filler. With 3 bedrooms on the first floor (one en-suite), and a master suite on the 2nd floor, there is room for residents and guests alike. The balcony off the 2nd floor provides gorgeous views, morning and night, with big blue-sky views to sunrises and sunsets. Want to feel like you are on vacation every day of the year? This home is made for tropical living. It has an outdoor tiki hut with a bar and grill, 2 outdoor fire pits, 5 zone outdoor exterior low voltage automatic night lighting, a pool, spa and boat lift. Other upgrades include a new boat house in 2019, new seawall in 2023/2024, two new A/C in 2019, and septic to sewer conversion in 2018. Tucked away at the end of cul-de-sac in Phillippi Gardens, the location is ideal, While the neighbor is private and quiet, it is close to The Landings and other shopping and eatery venues, a short bike ride to Gulf beaches, and not far from the vibrant downtown of Sarasota and all its cultural and recreational offerings. You truly must see this amazing property to appreciate all it has to offer.The average asking price for a 4 bedroom/4 bath single family residence in this Zip code is $3,425,100. This single family residence is listed at about 55% of the average asking price. This is the only 4 bedroom/4 bath single family residence between $1,600,000 and $2,200,000 currently listed for sale in this Zip code.

 

Property Details At A Glance

Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Sarasota
County: Sarasota
Subdivision: Phillippi Gardens 08
Bedrooms: 4
Bathrooms: 4
Sq. Ft. Gross: 4,133
Sq. Ft. Living Area: 2,790
Cost per (heated) sqare foot: $672
Year built: 1974
Annual Tax: $5,178

Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.

Interior Features: Ceiling Fan(s)
Appliances: Refrigerator

Fireplace: Yes
Fireplace Features: Wood Burning

Flooring: Vinyl

Laundry Features: Inside

Schools

Elementary School: Phillippi Shores Elementary
Middle/Junior High School: Brookside Middle
High School: Riverview High

Pool & Waterfront Info

Private Pool: Yes
Pool Features: In Ground
Water Front: Yes
Water Frontage: Canal - Saltwater
Water Access: Yes
Water Access Type: Canal - Saltwater
Water Name: PHILLIPPI CREEK

Water Extras: Lift

Exterior & Construction

Construction: Stucco
Foundation: Slab
Roof: Shingle
Exterior Features: Sliding Doors
Garage: Yes
Garage Spaces: 2
Floors in Unit: Two
Cooling: Zoned
Heating & Fuel: Electric
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View: Water
Fencing:

Utilities: Electricity Connected
Sewer: Public Sewer
Water Source: Public

Lot Information

Lot Features: Cul-De-Sac
Lot Size (acres): 0.61
Lot Size (sq. ft.): 26,520 square feet
Front Exposure: Southwest

Legal Description & Other Information

Financing Available: Conventional
Parcel Number: 0086060021
Zoning: RSF2
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: LOT 162 PHILLIPPI GARDENS UNIT 8 OR 1006-864
Section: 8
Range: 18

Map

 

Listing courtesy of COLDWELL BANKER REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

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    Main Office: 21202 Olean Blvd Unit C-3, Port Charlotte, FL 33952
    Mailing Address: PO Box 380503, Port Charlotte, FL 33938
    Phone: 941-235-7474
    Email: sales@avalonsuncoast.com



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