Residential Property - Single Family Residence in Sarasota
SOLD for $740,000 on March 5, 2021
Listing Price: $650,000Sold Price: $740,000Sold Price/List Price: 114%
Description of Property
Crown jewel potential awaits the Buyer with the vision to finish this once stunning, Westwater Construction, custom-built estate. Situated on 6 ¾ acres with a beautiful lake in the desirable and gated equestrian community of Saddle Oak Estates, this completely block-construction home boats a show-stopper entrance with 30’ coffered ceilings and dramatic curved staircase. 5185 square feet of living space, this residence features 5 bedrooms, 5 baths, an upstairs bonus room with gorgeous views, and a study or media room. The previous owners walked away in the middle of a complete remodel and the house is now part of a Chapter 7 Bankruptcy. Construction stopped at the point where interior finishes were ready to begin. While extensive work is required, this is a great opportunity to choose cabinetry, flooring, lighting, pool package and other finishes necessary to restore this estate home. Located in the A-rated school zones of Lakeview Elementary, Sarasota Middle, and Riverview High, this property is the perfect oasis to raise a family. Property is being sold AS-IS and Proof of Funds must accompany all offers. All Contracts will be subject to Bankruptcy Court approval. This home will not qualify for homeowners insurance, therefore only CASH offers and renovation loans will be considered. Showings on Saturday, 1/16/21 from 10am - 1pm. Please schedule through Showingtime or call/text listing agent. Highest and Best Offers due by Tuesday, 1/19/21 at 5pm.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Sarasota
County: Sarasota
Subdivision: Saddle Oak Estates
Bedrooms: 5
Bathrooms: 5
Sq. Ft. Gross: 7,428
Sq. Ft. Living Area: 5,185
Cost per (heated) sqare foot: $125
Year built: 2004
Annual Tax: $13,145
HOA Fee: $312 Quarterly
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
- Common Area Taxes
- Escrow Reserves Fund
- Manager
- Private Road
Interior Features:
- Coffered Ceiling(s)
- High Ceiling(s)
- Master Bedroom Main Floor
- Open Floorplan
- Split Bedroom
- Walk-In Closet(s)
Appliances: Refrigerator
Accessibility Features:
Fireplace: Yes
Fireplace Features: Family Room
Window Features:
Additional Rooms: Bonus Room
Ceiling Type:
Flooring: Ceramic Tile
Schools
Elementary School: Lakeview Elementary
Middle/Junior High School: Sarasota Middle
High School: Riverview High
Pool & Waterfront Info
Private Pool: Not specified
Pool Features:
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View: Pond
Exterior & Construction
Architectural Style: Spanish/Mediterranean
Construction: Block, Stucco
Foundation: Slab
Roof: Metal
Exterior Features: Balcony, Fenced
Garage: Yes
Garage Spaces: 3
- Circular Driveway
- Driveway
- Garage Door Opener
- Garage Faces Side
- Oversized
Floors Total: 2
Floors in Unit: Two
Cooling: Central Air
Heating & Fuel: Central
Electric:
Patio & Porch Features: Covered, Patio
Security Features: Gated Community
Other Structures:
View: Trees/Woods, Water
Fencing: Vinyl
Utilities:
- BB/HS Internet Available
- Cable Available
- Cable Connected
- Electricity Connected
- Water Connected
Sewer: Septic Tank
Water Source: Well
Community Features:
- Deed Restrictions
- Gated Community
- Horses Allowed
Association Amenities:
Lot Information
Lot Features:
- Level
- Oversized Lot
- Zoned for Horses
Lot Size (acres): 6.75
Lot Size (sq. ft.): 294,030 square feet
Road Frontage: Private Road
Front Exposure: Southwest
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash
Parcel Number: 0278030017
Zoning: OUE
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: LOT 17 SADDLE OAK ESTATES SUBJ TO PRESERVE AREA
Listing courtesy of MICHAEL SAUNDERS & COMPANY. 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.