Residential Property - Single Family Residence in Sarasota
Listing Price: $5,799,000 (Mortgage Calculator →)
Description of Property
Rare 8 bedroom 8 bathroom fully furnished luxury island home on Lido Key!! Steps from St. Armands Circle and 3 blocks from the beautiful sandy beaches of Lido Key, this luxury home is an investor’s dream! When you arrive at the home you are immediately greeted by opulence as you enter through the impressive raised grand entryway boasting unrivaled craftsmanship and exquisite architectural finishes. Plank tile flooring, luxurious lighting, and tall ceilings flood the remarkable space creating an elevated experience for all to enjoy. You are gently guided towards the heart of the home - the kitchen - lined with custom cabinetry, high end appliances, a massive U-shaped center island providing banquet-style seating, and an impeccable back-splash that ties the entire space together - a chef's dream. Gather loved ones in the living room as you take in the beautiful surroundings and share laughter, stories, and memories around the fireplace offering sweeping views of the luxury pool just beyond the sliding doors, cohesively blending outdoor and indoor living. Entertain outdoors in the sprawling oasis that includes lush landscaping surrounding the truly magical beach-entry pool and patio space. Read a good book from the comfort of shade under the covered seating area to escape the midday sun or use the space for dining al-fresco on warmer evenings. Walk the elevated pathway through the pool to the sunken cabana and oversized spa or lounge in one of the submerged resort-quality lounger chairs or water bar stools throughout the pool. The remarkable backyard also offers a full outdoor kitchen and living space, providing the perfect amount of shade combined with a subtle breeze to enjoy any warm Floridian day. Find your peace within the walls of the primary suite - the perfect combination of abundant natural light and luxurious but elegant finishes. The impressive lavish ensuite provides the same high-end design with functionality with a deep soaking tub, expansive shower, and dual vanities. Each of the remaining bedrooms offers beautiful finishes and decor, large closets, and views of the surrounding oasis. Walk just across the street to nearby St. Armands Circle for world-renowned shopping and dining, or make the quick trip towards famous Siesta Key, nearby golf courses, three blocks to the beach, Downtown Sarasota, entertainment, and nature preserves. Choose to live year-round in this truly one-of-a-kind masterpiece or continue to rent it out on a weekly basis as a high-income-producing vacation rental with a fully equipped garage space with bicycle and beach accessories - the choice is yours! All that's left for you to do is pack your bags and start your next adventure on Monroe Drive! Currently being used as a vacation rental and is under contract until January 15 2024. - 2021 Gross Revenue : $415,902 - 2022 Gross Revenue : $558,148 - 2023 Gross Revenue : $172,680
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Sarasota
County: Sarasota
Subdivision: Saint Armands Div John Ringling Estates
Bedrooms: 8
Bathrooms: 8
Sq. Ft. Gross: 5,159
Sq. Ft. Living Area: 3,931
Cost per (heated) sqare foot: $1,475
Year built: 2020
Annual Tax: $32,952
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Interior Features:
- Ceiling Fans(s)
- Eating Space In Kitchen
- High Ceiling(s)
- Master Bedroom Main Floor
- Open Floorplan
- Thermostat
- Vaulted Ceiling(s)
- Walk-In Closet(s)
- Window Treatments
Appliances:
- Bar Fridge
- Built-In Oven
- Cooktop
- Dishwasher
- Disposal
- Dryer
- Microwave
- Range Hood
- Refrigerator
Fireplace: Yes
Fireplace Features: Living Room
Window Features: Blinds, Drapes
Flooring: Porcelain Tile, Tile
Pool & Waterfront Info
Private Pool: Yes
Pool Features:
- Deck
- Gunite
- In Ground
- Tile
Spa Features: Heated, In Ground
Water Access: Not specified
Exterior & Construction
Property Features: Elevated
Architectural Style: Coastal
Rooms: 3
- Stucco
- Vinyl Siding
- Wood Frame
Foundation: Slab
Roof: Metal
- French Doors
- Irrigation System
- Lighting
- Outdoor Grill
- Outdoor Kitchen
- Rain Gutters
- Sidewalk
- Sliding Doors
Garage: Yes
Garage Spaces: 2
- Driveway
- Garage Door Opener
- Garage Faces Side
- Ground Level
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central, Electric
Security Features: Closed Circuit Camera(s), Security System
Utilities:
- Electricity Connected
- Fire Hydrant
- Sewer Connected
- Underground Utilities
- Water Connected
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Features:
- Historic District
- Oversized Lot
- Sidewalk
Lot Size (acres): 0.34
Lot Size (sq. ft.): 14,875 square feet
Front Exposure: Northwest
Legal Description & Other Information
Financing Available: Cash, Conventional
Parcel Number: 2014130010
Zoning: RSF2
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: LOTS 8 & 9 BLK 22 ST ARMANDS DIV
Listing courtesy of EXP REALTY LLC. 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.