Price Reduced 9.81%
Price History
$5,250,000
10/20/2023
$4,925,000
11/15/2023
$4,735,000
5/3/2024
1718 Bay STREET, Sarasota, FL, 34236
13 rooms
5 beds
4 Full baths
1997
Coastal
4,015 sqft
One or more photo(s) has been virtually staged. The downtown Sarasota waterfront setting doesn’t get any better. Located in a federally Qualified Opportunity Zone, the investment opportunity for this property offers significant tax benefits. This 4016 square foot, 2-story home is situated on 220’ of water frontage on a Hudson Bayou peninsula. The views from the residence on the bayou are simply breathtaking. This downtown property is just minutes away from Selby Botanical Gardens, the Marina Jack bay front, Main Street, area beaches, local barrier islands, SRQ airport and everything that Sarasota so graciously offers. And the beauty about this property is that it’s been professionally renovated both inside and out; which feels as though the home is brand new. As you approach the property from the road, you're greeted by a motorized privacy gate and once you enter the elegant motor court with silver brick pavers, you have access to a 3-car, oversized garage; with tandem parking in one of the bays. On the exterior, the residence features a standing seam metal roof, new PGT impact windows and doors, anodized shade louvers on the front elevation windows, and stone stairs that lead to the grand, glass entry doors. There’s an elevated, inground pool which isn’t obstructed with a screened cage, which adds to the outdoor natural appeal. Another highlight is a covered outdoor dining area that overlooks the sundeck and water. This area is perfect for entertaining. You’ll also discover a renovated dock with Trex engineered decking and not just one, but two boat lifts. From a boating standpoint, this located offers protected water and you’re only minutes to Sarasota Bay and the open pass out to the Gulf of Mexico. And for the youngsters, there’s even a charming little tree house with big water views that's certain to make for lasting, life-long childhood memories. Inside the home you’ll find high ceilings, floors that are clad with French Oak, 8’ interior doors, a gas fireplace, contemporary wood staircase, elegant bathrooms, a stylish kitchen with white Shaker cabinetry, quartz counter-tops and Viking appliances. The pristine residence boasts 5 bedrooms with 4 ensuite bathrooms, a dedicated office that could be outfitted as a media room, and a temperature-controlled wine storage room located inside the large garage. Every room in the house is expansive and because of all of the windows, which offer privacy views, there’s an abundance of natural light cascading into the home. The primary bedroom suite is delightfully spacious and features 2 oversized walk-in wardrobe rooms, a gorgeous spa style bathroom and access to a second story covered outdoor terrace with grand water and sunset views of Hudson Bayou. A completely renovated home, on the water, in downtown Sarasota with the zip code 34236 doesn’t become available very often, but in addition to that scarcity, because it’s located in 1 of only 4 Qualified Opportunity Zones in Sarasota, you could treat this as an investment property and with the proper hold, eliminate any capital gains tax on a future resale. Speak to your investment advisor for more information about this significant tax benefit. To tour the property, contact the listing agent or your trusted real estate professional. Please see extensive property catalog attached for full property details and photos.
Status:
Active
Type:
Single-family residential
Furnished Remarks:
Unfurnished
Laundry Remarks:
Inside, Laundry Room
Subdivision:
HUDSON BAYOU ADD
Garage:
3-car Driveway, Garage Door Opener
Heating:
Central, Propane, Zoned
Cooling:
Central Air
Acreage:
0.36
Est. Taxes:
$16,518
Construction
Block, Stucco
Utilities
BB/HS Internet Available, Cable Available, Cable Connected, Electricity Connected, Propane, Public, Sewer Connected, Sprinkler Well
Lot Description:
Corner Lot, City Lot, Landscaped, Near Marina, Private, Street Dead-End
View Description:
Pool, Water
Elementary School:
Southside Elementary
Middle School:
Brookside Middle
High School:
Sarasota High
Days on Market:
198
Elevator:
N
Pet Policy:
Yes
Appliances:
Convection Oven, Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Freezer, Range, Range Hood, Refrigerator
Pool:
Deck, Gunite, In Ground, Lighting, Outside Bath Access, Self Cleaning
Min Lease Term:
1 Week
MLS #:
A4586511
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of PREMIER SOTHEBYS INTL REALTY Phone: 941-364-4000