730 40th STREET, Sarasota, FL, 34234 | $715,000

Welcome to Sapphire Shores and this property on almost a quarter acre. This stunning 2023 completely remodeled Mid Century Modern residence is nestled in the highly sought-after Indian Beach/Sapphire Shores community of Sarasota. No expense was spared in transforming this gem into a luxurious haven, offering 4 bedrooms, 2 baths, and an in-law suite perfect for guests, Airbnb, or a work-from-home office.

Experience the ultimate Gulf Coast lifestyle with this exceptional home, located West-of-the-Trail, mere minutes from downtown Sarasota, St. Armand’s Circle, and the pristine sands of Lido Beach. Enjoy the perfect blend of timeless elegance and modern convenience in this exquisite property.

Step inside to discover a thoughtfully designed interior, boasting high-end finishes, an open-concept layout, and an abundance of natural light. The spacious living areas flow seamlessly, creating an ideal setting for both relaxation and entertaining. The gourmet kitchen features state-of-the-art appliances, custom cabinetry, and stunning countertops, making it a chef’s dream.

The luxurious master suite offers a serene retreat with its spa-like bathroom and ample closet space. Three additional well-appointed bedrooms provide comfort and flexibility for family and guests. The versatile in-law suite adds further value, whether used for extended family, rental income, or a private workspace.

The following renovations were completed in 2023: a new metal roof, new windows, updated landscaping, and the garage was enclosed to create the in-law suite. Outside, the beautifully landscaped yard offers plenty of space for outdoor activities and entertaining, all while enjoying the serene surroundings of this exclusive neighborhood.

This property truly embodies coastal luxury living, providing a unique opportunity to own a piece of paradise on the Gulf Coast. Don’t miss out on this remarkable residence. Schedule your exclusive private tour today and make this Sapphire Shores gem your very own. Contact us now to seize this slice of Gulf Coast paradise.

Features

  • Rooms: 11
  • Bedrooms: 4
  • Baths: 2 full
  • Lot Size: 97' x 100'
  • Laundry: Inside, Laundry Room
  • Style: Contemporary, Mid-Century Modern
  • Year Built: 1954
  • Garage: Circular Driveway, Driveway, Off Street, On Street
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,603
  • Acreage: 0.22
  • Lot Size: 97' x 100'
  • Est. Taxes: $5,721
  • Lot Desc: City Lot, Landscaped
  • View: Garden, Trees/Woods
  • Elem. School: Bay Haven Sch of Basics Plus Elementary
  • Middle School: Booker Middle
  • High School: Booker High
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Freezer, Ice Maker, Microwave, Refrigerator
  • MLS#: A4614152
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A4614152/73040thstreet_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 7/3/2024 12:17:08 PM)
Listing courtesy of THE RAY WILLIAMS GROUP LLC   Phone: 941-320-5094

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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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Our Insurance Division:

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730 40th STREET, Sarasota, FL, 34234

$715,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $572,000 $572,000 $572,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 7.125% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.867% 7.282% 6.623%
Monthly Tax Payment $477 $477 $477
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,854 $3,854 $4,944
Total Monthly Payment $4,423 $4,423 $5,513

* 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.