480 CLEVELAND DRIVE, Sarasota, FL, 34236 | $4,900,000

Boater's Delight on Lido Key. Beautiful Home with 3 Bedrooms, 3. 5 Baths on a Beautiful, Wide, Private, Deep Water Canal with a Dock with Electric and a Partial View of the Bay. No Bridges to the Bay. Rear of Home has a Southern Exposure with a Lovely Heated Pool and an Enchanting Covered Patio for Entertaining with Serene Water Views.
Only Two Blocks from Beautiful Lido Beach. Walk to Trendy St. Armands Circle to Shop and Dine. Discover a rare Lido Key sanctuary offering direct, bridge-free boating to the Gulf of Mexico and a private waterfront pool.  Perfectly positioned along the bay and sold fully furnished, this home delivers effortless luxury with immediate access to open water, serene outdoor living, and one of Sarasota’s most desirable island lifestyles.

Designed to embrace its waterfront setting, the expansive living areas open seamlessly to the outdoors. Six sets of sliding glass doors frame tranquil water views and create a fluid connection to the screened-in waterfront heated pool and expansive paver deck, ideal for both entertaining and everyday relaxation. From poolside lounging to sunset evenings by the water, the outdoor spaces flow directly to the private expanded dock with lift, complete with power and water, allowing you to reach the Intracoastal and Gulf of Mexico within minutes—with no bridges to navigate. You’ll love the peacefulness of the canal right at your doorstep.

Inside everything has been renovated and updated in 2025! The kitchen is both elegant and functional, featuring stainless steel appliances, a built-in microwave, floating shelves, generous cabinetry, and a thoughtfully placed pantry adjacent to the laundry room, which includes a utility sink. Porcelain tile flooring runs consistently throughout the entire home, enhancing the clean, sophisticated aesthetic and open feel of the living spaces.

The private living quarters are thoughtfully arranged for comfort and flexibility. A bedroom located at the front of the home offers an ideal guest retreat, while a beautifully designed office or den welcomes you upon entry, highlighted by three bay windows that fill the space with natural light. This office/den is enclosed with French doors, making it an ideal flex space for working from home, a media room, or additional entertaining. The primary suite is a true sanctuary, complete with custom his-and-her closets and a spa-inspired bathroom featuring floor-to-ceiling tile, a glass-enclosed shower, and plantation shutters. A conveniently located half bath enhances functionality for guests and gatherings.

Outside your door, enjoy the quiet, walkable streets of Lido Key, offering a peaceful residential atmosphere. Explore nearby nature trails and kayak launches, stroll to St. Armands Circle, or take a short drive over the Ringling Bridge to Downtown Sarasota for world-class cultural offerings, fine dining, and shopping.
With its luxury waterfront setting, private pool, direct Gulf boating access, and full furnishings included, this Lido Key residence offers a rare opportunity to own a timeless coastal retreat where every detail supports a lifestyle of ease, elegance, and exclusivity.

Schedule your private showing and experience this exceptional waterfront offering firsthand.

Features

  • Rooms: 10
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: Inside, Laundry Room
  • Style: Florida, Mediterranean
  • Year Built: 1967
  • Garage: 2-car Driveway, Garage Door Opener
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,875
  • Acreage: 0.29
  • Est. Taxes: $47,931
  • Lot Desc: City Lot
  • View: Pool, Water
  • Elem. School: Southside Elementary
  • Middle School: Booker Middle
  • High School: Sarasota High
  • Pool: In Ground
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • MLS#: A4672676
  • Days on Market: 28 days
  • Website: https://www.raveis.com
    /eprop/A4672676/480clevelanddrive_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 1/30/2026 5:07:21 PM)
Listing courtesy of RE/MAX ALLIANCE GROUP   Phone: 941-954-5454

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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

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480 CLEVELAND DRIVE, Sarasota, FL, 34236

$4,900,000

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 $3,920,000 $3,920,000 $3,920,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 5.875% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.007% 5.952%
Monthly Tax Payment $3,994 $3,994 $3,994
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $22,257 $23,188 $32,552
Total Monthly Payment $26,376 $27,307 $36,671

* 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.