Residential Property - Single Family Residence in Sarasota
SOLD for $5,500,000 on May 3, 2023
Listing Price: $5,950,000Sold Price: $5,500,000Sold Price/List Price: 92%
Sold Price/Original List Price: 61.8%
Description of Property
With the recent price reduction, this home is Siesta Keys best valued waterfront property on the market at 928 dollars a square foot. You cannot build at this price point on Siesta Key. While evoking the vital spirit of that sundrenched region of Europe, the waterfront masterpiece Palladian Villa brings a taste of 17th century opulence to Siesta Key. Boasting 120 feet of waterfront, the sellers have just completed a $1.5 million dollar remodel on this custom-built Cocoanut Bayou home. The enviable location is protected by Roberts Bay providing direct access to the Intracoastal Waterway and the Gulf of Mexico. This private dream villa is nestled behind a double gate and features 8,571 square feet of living space with a covered terrace that expands the entire width of the home. The outdoors are an essential part of Florida living and this residence truly excels in offering a resort-like experience. You enter through custom doors into the grand foyer, then under the arched staircase into the grand salon with its 24-foot ceilings, Italian-inspired marble gas fireplace and stunning terrace views. The terrace and its lounge area along with the summer kitchen provide the perfect atmosphere for dining and entertaining. French doors open onto the terrace from every room on the east side of the home allowing you to flow freely from one room to another. Three 17th-century marble Italian-inspired gas fireplaces, hand-chiseled travertine flooring, deep crown molding, ornamental friezes and carved cornices embellish this home with its first-floor 12-foot ceilings. Four perfectly balanced en-suites feature a modern master bath and dual walk-in closets, two of which open onto the second-floor terrace with expansive bay views. The gourmet kitchen includes two Sub-Zero refrigerators, freezer drawers with ice makers, two Miele dishwashers, double Wolf ovens and warming drawers and a gas range with a custom faux-finished vented rangehood. The expansive kitchen seamlessly connects to the formal dining room with a sophisticated butler’s pantry. Custom cabinetry and accent lighting with granite counters and a 140-plus bottle Sub-Zero wine cooler are just a few of the luxuries to help keep your guests entertained. The large study and back hallway leading to the family room are the perfect spots to end your day. The newly landscaped yard and irrigation make this home easy to maintain and carefree. Take advantage of the full under-house garage, large enough for 12 cars or storage of your favorite toys. Garage access to the totally revamped custom elevator travels to all three floors of the home. A heated saltwater pool and spa surrounded by Malibu Marble with multiple entertainment areas, along with 120 feet of deep water with a concrete seawall and a composite wood dock, make this home the perfect Siesta Key residence. Sarasota arts, culture, and urban amenities are just a bridge away.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Sarasota
County: Sarasota
Subdivision: Cocoanut Bayou
Bedrooms: 4
Bathrooms: 4
Half Baths: 1
Sq. Ft. Gross: 13,973
Sq. Ft. Living Area: 7,003
Cost per (heated) sqare foot: $850
Year built: 2008
Annual Tax: $46,197
HOA Fee: $800 Annually
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Interior Features:
- Accessibility Features
- Built in Features
- Ceiling Fans(s)
- Coffered Ceiling(s)
- Crown Molding
- Dry Bar
- Eating Space In Kitchen
- Elevator
- High Ceiling(s)
- Master Bedroom Upstairs
- Solid Surface Counters
- Solid Wood Cabinets
- Vaulted Ceiling(s)
- Walk-In Closet(s)
- Wet Bar
- Window Treatments
Appliances:
- Bar Fridge
- Built-In Oven
- Convection Oven
- Cooktop
- Dishwasher
- Disposal
- Dryer
- Electric Water Heater
- Exhaust Fan
- Ice Maker
- Kitchen Reverse Osmosis System
- Microwave
- Range Hood
- Refrigerator
- Washer
- Water Filtration System
- Water Purifier
- Water Softener
- Wine Refrigerator
Accessibility Features:
Fireplace: Yes
Fireplace Features:
- Family Room
- Gas
- Master Bedroom
- Other Room
Window Features:
- Drapes
- Insulated Windows
- Rods
- Shades
- Window Treatments
Additional Rooms:
- Breakfast Room Separate
- Den/Library/Office
- Family Room
- Florida Room
- Formal Dining Room Separate
- Formal Living Room Separate
- Great Room
- Inside Utility
- Media Room
Ceiling Type:
Flooring:
- Concrete
- Engineered Hardwood
- Travertine
Laundry Features:
- Inside
- Laundry Room
- Upper Level
Green Features
Indoor Air Quality:
Green Certifications:
Green Energy Features: Appliances, Windows
Green Landscaping: Fl. Friendly/Native Landscape
GreenWater Conservation: Drip Irrigation, Whole House Water Purification
Schools
Elementary School: Phillippi Shores Elementary
Middle/Junior High School: Brookside Middle
High School: Sarasota High
Pool & Waterfront Info
Private Pool: Yes
Pool Features:
- Chlorine Free
- Deck
- Gunite
- Heated
- In Ground
- Lighting
- Pool Sweep
- Salt Water
- Tile
Spa Features: Heated, In Ground
Water Front: Yes
Water Frontage: Bay/Harbor
Water Access: Yes
Water Access Type:
- Bay/Harbor
- Bayou
- Beach
- Beach - Access Deeded
Water View: Bay/Harbor - Full, Bayou
Water Name: Cocoanut Bayou, Intracoastal
Water Extras:
- Bridges - No Fixed Bridges
- Dock - Composite
- Dock - Open
- Dock w/Electric
- Dock w/Water Supply
- Minimum Wake Zone
- Seawall - Concrete
Exterior & Construction
Architectural Style: Elevated, French Provincial
- Cement Siding
- Concrete
- Stucco
Foundation: Stilt/On Piling
Roof: Concrete, Tile
- Balcony
- French Doors
- Irrigation System
- Lighting
- Outdoor Grill
- Outdoor Kitchen
- Sidewalk
- Sprinkler Metered
- Storage
Garage: Yes
Garage Spaces: 12
- Covered
- Driveway
- Garage Faces Side
- Golf Cart Garage
- Golf Cart Parking
- Ground Level
- Oversized
- Parking Pad
- Under Building
- Workshop in Garage
Floors Total: 3
Floors in Unit: Three Or More
Cooling: Central Air, Zoned
- Central
- Electric
- Heat Pump
Electric:
Patio & Porch Features:
- Covered
- Deck
- Patio
- Porch
- Rear Porch
Security Features:
- Closed Circuit Camera(s)
- Security Fencing/Lighting/Alarms
- Security Gate
- Security System
- Security System Owned
- Smoke Detector(s)
Other Structures: Outdoor Kitchen, Storage
View: Pool
Fencing: Chain Link, Masonry
Utilities:
- BB/HS Internet Available
- Cable Available
- Cable Connected
- Electricity Connected
- Natural Gas Available
- Natural Gas Connected
- Public
- Sewer Connected
- Street Lights
Sewer: Public Sewer
Water Source: Public
Community Features:
Association Amenities:
Lot Information
Lot Features:
- Flood Insurance Required
- Flood Zone
- In County
- Sidewalk
Lot Size (acres): 0.42
Lot Size (sq. ft.): 18,278 square feet
Lot Dimensions: 112 x 179 x 120 x 160
Front Exposure: West
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash, Conventional
Parcel Number: 0079020001
Zoning: RE2
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: N 20 FT LOT 24 & S 90 FT LOT 23 COCOANUT BAYOU
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.