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5510 MERRIMAC DRIVE, Sarasota, FL, 34231 | $897,000
Exceptional Waterfront Lot in Prime Sarasota Location with designed home ready for you to build. Discover over a quarter acre of prime waterfront at the end of a prestigious cul-de-sac in an established boating community. This 13, 500 SF lot boasts an impressive 300 feet of waterfront, offering breathtaking sunrise and sunset views with refreshing cross breezes from the water on both sides of the home.
Located just minutes from the heart of Sarasota, this rare homesite provides easy access to the Gulf beaches, a quick 10-minute boat ride to the Intracoastal Waterway, and close proximity to dozens of waterfront dining options. Top-rated schools, including Pine View, Riverview, and Philippi Shores, are nearby, along with upscale shopping, fine dining, and vibrant cultural attractions. Enjoy the convenience of a short walk to Phillippi Estate Park or a 10-minute bike ride to the beach. This is a unique opportunity to build your dream waterfront retreat in one of Sarasota’s most desirable locations!
ABOUT THE PROPOSED HOME FOR THE SITE:
Luxury Waterfront Estate – New Construction
This exceptional waterfront estate offers up to 6, 000 SF of luxury living with over 300 linear feet of waterfront. Enjoy breathtaking sunrise and sunset views from your private balcony and panoramic water views from every room.
Designed for the most discerning buyer, this home features state-of-the-art luxury appliances and finishes, solid concrete construction, and hurricane-resistant design with all impact windows and doors. Smart home automation includes automated lighting and climate control for modern convenience.
The resort-style waterfront pool and spa create the ultimate outdoor oasis, while the rooftop sky deck offers a stunning vantage point for entertaining. A separate 700 SF guest house provides privacy for visitors, and the three enclosed garage spaces ensure ample storage for vehicles and watercraft.
Experience the pinnacle of waterfront luxury in one of Sarasota’s most sought-after locations!
Features
- Lot Size: 250 x 45 x 240 x 50
- Lot Desc: Flood Plain, Irregular Lot, Street Lights
- View: Water
- Elem. School: Phillippi Shores Elementary
- Middle School: Brookside Middle
- High School: Riverview High
- MLS#: A4642711
- Days on Market: 255 days
- Website: https://www.raveis.com
/prop/A4642711/5510merrimacdrive_sarasota_fl?source=qrflyer
Listing courtesy of Coldwell Banker Realty Phone: 941-383-6411
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
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
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Pedro DelgadilloInsurance Sales Director, William Raveis Insurance
305.922.5393
Pedro.Delgadillo@raveis.com
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
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
5510 MERRIMAC DRIVE, Sarasota, FL, 34231
$897,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $717,600 | $717,600 | $717,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.353% | 6.121% | 6.038% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,131 | $4,302 | $6,007 |
| Total Monthly Payment | $4,223 | $4,394 | $6,099 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388