3000 Southwest DRIVE, Sarasota, FL, 34239 | $12,950,000

Owner has reduced price to a point creating an exciting opportunity to own one of Sarasota’s great estates. Discover the perfect blend of elegance and privacy on this 1. 6-acre estate nestled within Cherokee Park, one of the most sought-after mainland neighborhoods in Sarasota. Tucked away on a small street at the end of Southwest Drive, this double lot estate is in a beautiful setting unlike any other property along the Bayfront. With its traditional architectural style and gated entry, this home offers a serene haven away from the world. An unprecedented secret lies at your rear doorstep—an extraordinary boat basin along the bay front, dredged to accommodate most any boat. For water enthusiasts, this is a dream come true with two boat lifts (10, 000 lb. and 16, 000 lb. capacities). Your sanctuary is set back from the shoreline, ensuring complete seclusion and uninterrupted peace as you revel in the tranquil surroundings. A masterpiece by design, this architectural gem was designed by the esteemed architect, Clifford Scholtz and brought to life by the renowned Rich Perrone of Perrone Construction. Every detail reflects their commitment to quality and craftsmanship. Step inside to a meticulously planned layout, featuring a great floor plan with an elaborate primary suite and exercise room located on the main level. For those who love to entertain, the party-scale media room is the ultimate experience complete with a bar and multiple TVs for the sports enthusiast. Five-bedroom suites await your personal touch. This home also includes a Mahogany wood paneled office, a formal dining room, and a captivating saltwater fish tank that serves as the focal point of the kitchen and breakfast room. Covered patios and loggias extend from the most major rooms, creating ideal space for relaxation and enjoyment. A detached oversized 3 car garage with a covered walkway to the main residence has excessive space for storage or workshop activity. Step into the expanded screened outdoor room, complete with double TVs and the largest Wolf outdoor gas grill available and a Subzero refrigerator. The Chicago brick flooring adds style and durability. The free form dream pool, paved in Chicago brick, is a haven for leisure and outdoor entertainment. Subdivide the lot for an additional building lot that has it’s own private gated entry in place or use a portion of the expansive lot to build your guest house, tennis court, or pickleball court – the possibilities are endless. The home is equipped with a brand-new whole house generator. Specimen trees, lush landscaping, and ancient oaks frame the home, creating a stunning natural backdrop for your daily life. Your dream home awaits, a harmonious blend of luxury and practicality. Don’t miss the opportunity to make it yours. Schedule your viewing today and step into a world of timeless elegance and exceptional living.

Features

  • Rooms: 13
  • Bedrooms: 5
  • Baths: 5 full / 2 half
  • Laundry: Inside, Laundry Room
  • Style: Traditional
  • Year Built: 2003
  • Garage: 3-car Covered, Driveway, Garage Door Opener, Guest, Off Street, Open, Oversized, Workshop in Garage
  • Heating: Electric, Zoned
  • Cooling: Central Air, Zoned
  • Approx Sq. Feet: 8,125
  • Acreage: 1.61
  • Est. Taxes: $51,654
  • HOA Fee: $325 Annually
  • Lot Desc: Flood Insurance Required, FloodZone, City Lot, Level, Oversized Lot, Street Dead-End
  • View: Garden, Pool, Trees/Woods, Water
  • Elem. School: Southside Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pool: Heated, In Ground
  • Pet Policy: Yes
  • Appliances: Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • MLS#: A4588632
  • Days on Market: 162 days
  • Website: https://www.raveis.com
    /eprop/A4588632/3000southwestdrive_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/14/2024 5:39:09 AM)
Listing courtesy of MICHAEL SAUNDERS & COMPANY   Phone: 941-951-6660

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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3000 Southwest DRIVE, Sarasota, FL, 34239

$12,950,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $10,360,000 $10,360,000 $10,360,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.875% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.877% 6.977% 7.041%
Monthly Tax Payment $4,305 $4,305 $4,305
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $70,673 $68,058 $92,396
Total Monthly Payment $75,102 $72,487 $96,825

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.