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7535 CASTLE DRIVE, Sarasota, FL, 34240 | $875,000
Under contract-accepting backup offers. Welcome to 7535 Castle Drive in Sarasota’s Racimo Ranch—over two pristine acres meet endless potential. Just shy of 3, 000 square feet, this 5-bedroom, 4-bath home features vaulted ceilings and a flexible layout perfect for adding a mother-in-law suite. The grand horseshoe-shaped driveway leads to a rare 3-car attached garage.
This home is already equipped with big-ticket upgrades: a 2022 roof, fully paid-off solar panels, and two high-efficiency Friedrich Breeze AC units/heat pumps (with 10-year warranties). The property is on septic, solar, and well complete with a water purifictaion system offering modern off-grid potential.
Now, imagine the ultimate outdoor paradise. An oversized pool and tropical hot tub anchor the expansive screened-in area. An L-shaped covered section intertwines with an over-the-top gazebo, providing ample shaded space for lounging or hosting. Sun-drenched areas flow seamlessly into the two-acre lot, creating a truly tropical entertainer’s dream.
Anchoring the property is a breathtaking lake/waterway that takes this estate to an entirely different level, with the property line extending approximately halfway into the water—offering not just a view, but true ownership and control of this incredible natural feature. Teeming with fish and surrounded by native Florida wildlife, the setting feels like your own personal preserve. There is also ample opportunity to enhance the experience even further with the addition of a custom dock or waterfront sitting area, creating the perfect space to fish, entertain, or simply take in the peaceful surroundings.
The location is unbeatable. Less than a mile from Fruitville Road, under two miles from I-75, and just a few short miles to Lakewood Ranch’s waterfront. Downtown Sarasota is a straight shot for shopping, dining, and entertainment. The last comp—smaller and without a pool—sold at $1M, placing this well under market value. Bring your vision inside—this gem won’t last!
Features
- Rooms: 3
- Bedrooms: 5
- Baths: 4 full
- Laundry: Inside, Laundry Room
- Year Built: 1987
- Garage: 3-car
- Heating: Central
- Cooling: Central Air
- Approx Sq. Feet: 2,968
- Acreage: 2.03
- Est. Taxes: $6,284
- Lot Desc: In County, Oversized Lot, Private
- View: Trees/Woods, Water
- Water Front: Yes
- Pool: Heated, In Ground, Outside Bath Access, Screen Enclosure
- Appliances: Refrigerator, Water Filtration System
- MLS#: A4689424
- Days on Market: 6 days
- Website: https://www.raveis.com
/prop/A4689424/7535castledrive_sarasota_fl?source=qrflyer
Listing courtesy of PREFERRED SHORE Phone: 941-999-1179
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
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- Market your home to realize a quick sale at the best possible price
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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
7535 CASTLE DRIVE, Sarasota, FL, 34240
$875,000
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 |
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|---|---|---|---|
| Loan Amount | $700,000 | $700,000 | $700,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.300% | 6.247% | 6.183% |
| Monthly Tax Payment | $524 | $524 | $524 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,141 | $4,253 | $5,907 |
| Total Monthly Payment | $4,757 | $4,869 | $6,523 |
* 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