5155 RIVERWOOD AVENUE, Sarasota, FL, 34231 | $1,794,000

Under contract-accepting backup offers. Imagine pulling up to this hidden waterfront treasure on a quiet Sarasota street, where a long, winding paver driveway curves gracefully through a canopy of majestic mature oaks, welcoming you to a sprawling 1. 15-acre lot with 130 feet of prime frontage along the serene waters of Phillippi Creek. Elevated safely in Flood Zone X and crowned with a brand-new 2024 roof, this property feels like your own private Old Florida estate from the moment you arrive.
Step out and take in the east-facing oasis: a gently sloping, oak-shaded yard that offers complete natural privacy, leading down to the water’s edge. Relax on the expansive covered porch with sweeping views of the creek, cool off in the freshly resurfaced 2025 pool, or slip through the convenient second porch—complete with ceiling fan—right off the pool bathroom and laundry area. It’s the perfect spot for drying off after a swim or enjoying a quiet breeze.
The true magic lies in the irreplaceable waterfront lifestyle. An expansive dock with a charming gazebo and boat lift awaits your adventures, providing direct access to protected waters, the Intracoastal Waterway, and the Gulf of Mexico. There’s even a dedicated kayak launch, so you can choose your pace—whether powering out for a day on the open water or quietly paddling along the scenic creek.
Best of all, this generous 1. 15-acre parcel comes with no HOA and no deed restrictions, giving you ultimate freedom to truly live the Florida lifestyle—park your boats, add whatever suits your vision, or simply preserve the natural beauty just as it is.
Step inside the 1956 residence, and you’ll find more than 3, 800 square feet under roof brimming with authentic character and endless potential. Oversized windows flood the open, flowing layout with natural light and breathtaking water views from nearly every room. High soaring ceilings create an airy feel, while a cozy fireplace invites quiet evenings at home.
The thoughtful design includes 4 bedrooms and 3 bathrooms, with the expansive upstairs primary retreat offering panoramic vistas. Currently divided into two large rooms by a non-structural faux wall, it’s a blank canvas ready to be reconfigured into an epic primary suite with a luxurious ensuite and generous walk-in closet.
All of this is just minutes from Siesta Key’s world-famous beaches, vibrant downtown Sarasota, top-rated schools, shopping, and dining—yet feels worlds away in its peaceful, private setting. This rare waterfront gem is ready for your personal touch, blending Old Florida charm with the opportunity to create your custom modern masterpiece. Schedule your private showing today!

Features