364 W Royal Flamingo DRIVE, Sarasota, FL, 34236 | $8,750,000

Under contract-accepting backup offers. This remarkable Bayfront residence is nestled in arguably the best location on the prestigious and highly sought-after Bird Key neighborhood. Custom-built in 2007 by renowned builder Steve Murray of Murray Homes, this masterpiece epitomizes quality craftsmanship, marrying superior design with exquisite finishes. The home’s western exposure with breathtaking sunsets offers sweeping views of Sarasota bay and direct views of Lido Key and Sarasota Yacht Club. On entry you are greeted by soaring 23-foot-high ceilings and expansive walls of glass showcasing spectacular Bay views. The interior boasts a thoughtfully designed open-concept split floor plan blending well-defined and flowing areas. The chef’s kitchen with its expansive 10-foot-long island, flows effortlessly into the family room and informal dining area. The first floor also features a formal living room with natural stone fireplace, formal dining room, a meticulously crafted office/study with quality built-ins, a wine cellar/butler’s pantry, and the luxurious primary suite with terrace access. The walnut staircase or the elevator lead to the second floor, where entertainment awaits in the well-equipped media room and billiards room. The second floor also houses two additional bedrooms with en-suite bathrooms as well as a stunning second primary suite with its sitting room that boasts unrivaled views of Lido Key. Outside, expansive spaces beckon for entertaining, complete with an outdoor kitchen, ample covered seating and lounging areas, a fire pit, and a uniquely shaped 36-foot pool with a spillover hot tub and nighttime colored lighting. A dock with a 16, 000 lb boat lift and newer seawall offer direct access to Sarasota Bay. Bay-facing balconies on both levels provide additional vantage points to admire the pool and the stunning bay waters. Additional luxury features include marble and walnut floors, pecky cypress ceiling beams, Lutron automated touch system, and a generator with automatic switchover. The property includes a gated driveway entrance with a double and a single side entry car garages. Living on Bird Key affords unparalleled convenience, with Sarasota’s downtown attractions, Lido Beach, and St. Armand Circle just moments away. Residents also enjoy access to the Bird Key Yacht Club, offering social activities, tennis, fitness facilities, dining, and a marina. Experience the pinnacle of waterfront living in this exceptional residence.

Features

  • Rooms: 11
  • Bedrooms: 4
  • Baths: 5 full / 1 half
  • Lot Size: 150 x 100
  • Laundry: Laundry Room
  • Year Built: 2007
  • Garage: 3-car
  • Heating: Central, Zoned
  • Cooling: Central Air
  • Approx Sq. Feet: 6,289
  • Acreage: 0.34
  • Lot Size: 150 x 100
  • Est. Taxes: $76,946
  • HOA Fee: $973 Annually
  • Elem. School: Southside Elementary
  • Middle School: Booker Middle
  • High School: Booker High
  • Pool: Heated, In Ground
  • Pet Policy: Yes
  • Appliances: Bar Fridge, Built-In Oven, Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • MLS#: A4602545
  • Days on Market: 169 days
  • Website: https://www.raveis.com
    /eprop/A4602545/364wroyalflamingodrive_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 11/5/2024 1:47:23 AM)
Listing courtesy of COLDWELL BANKER REALTY   Phone: 941-383-6411

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

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364 W Royal Flamingo DRIVE, Sarasota, FL, 34236

$8,750,000

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 $7,000,000 $7,000,000 $7,000,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.500% 6.625% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.304% 6.762% 6.725%
Monthly Tax Payment $6,412 $6,412 $6,412
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $44,245 $44,822 $60,978
Total Monthly Payment $50,782 $51,359 $67,515

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.