361 Benjamin Franklin DRIVE, #A, Sarasota, FL, 34236 | $6,495,000

THE ONLY HOME ON LIDO W/ ZERO DAMAGE OR FLOODING AFTER HURRICANES! Gulf Front Luxury Living at its Absolute Best in this Exquisite Estate of Palazzi Al Mare in the Heart of Lido Key! 5 Bedrooms, 4 Full Baths, 2 Half Baths, 5-Car Garage home is a Gulf Front Dream Estate. Enter through the Iron Front Gate to be surrounded by professional lush landscaping, added lighting, paver driveway & sidewalk leading to the backyard. This home has it all including endless unobstructed views of The Gulf of Mexico. With 5, 405 square feet under air, this home features 4-zoned NEW HVAC systems, Control I4 smart home automation, expansive living spaces w/ custom designer finishes, ceiling speakers on 8-zones, custom built-ins and motorized Hunter Douglas blinds & shades throughout. First, enter through the Grand Foyer where you will be mesmerized by the breathtaking GLASS ELEVATOR & STAIRCASE for the only 5-Level Homes directly on Lido Beach! Next, take the master staircase or commercial-grade glass elevator to the open-concept, main living area which features an oversized, luxurious great room with views of the crystal blue-turquoise waters of the Gulf as you look out through the floor-to-ceiling HURRICANE IMPACT WINDOWS or SLIDING IMPACT DOORS. The sliding doors to the multiple enclave balconies throughout this home are equip with NEW motorized Kevlar hurricane screens! The main living (2nd level) also features a gorgeous Gulf front great room, detailed gourmet chef's kitchen featuring SUB ZERO AND WOLF APPLIANCES, separate walk-in pantry, full dual-bar, sinks, SUB-ZERO beverage coolers w/ a separate ice maker. Each floor of TRUE living space (3) features massive en suites- customized bedrooms w/ large walk-in his & her closets; en suite bathrooms, private smart controls for music, blinds, air/heat and lighting. There is even a 5th bedroom on the 2nd floor off the laundry room. The 2nd Primary En Suite is located on the 3rd floor featuring some of the most luxurious upgrades you'll ever see! Take the grand GLASS staircase to the showstopping 4th floor where you will find the breathtaking NEWLY TILED 8-person POOL & SPA w/ ALL NEW EQUIPMENT, overlooking the Gulf of Mexico surrounded by Trex Decking, features a motorized Pergola w/ a Muraled wall (that is pre-plumbed and equipped w/ a gas line for an outdoor kitchen), a half bath, utility closet, outdoor wall speakers, lighting, security & gate system, outdoor H&C shower and one of the best rooms yet- the main Primary, which has been updated for the best mix of entertaining and privacy! Off of the pool deck you will NOW find an entertainer's dream room featuring a Sub-Zero Beverage Refrigerator, Granite Wet Bar w/ a custom Granite L-Shaped Bar, Kevlar screen on the left balcony and then Motorized Hunter Douglas privacy screens/blinds for the rest. This Primary en suite features a dream bathroom w/ 2 toilet closets- 1 has a bidet as well; a laundry closet w/ Washer & Dryer Hookups, custom closet built-ins, 2 separate vanities w/ its own separate makeup vanity, custom Victoria Albert soaking tub, dual-shower head w/ sitting areas. Attention to detail was not missed as you'll see double coffered custom ceilings throughout and all are unique to its own design. Not to miss, the 5th floor- rooftop terrace, where you can enjoy a 360-degree of water views of Sarasota bay and the Gulf of Mexico! The most relaxing & private unobstructed GULF VIEWS a property can offer on Lido Key! Only steps to St. Armand's Circle!

Features

  • Elevator: Y
  • Rooms: 10
  • Bedrooms: 5
  • Baths: 4 full / 2 half
  • Laundry: Laundry Room, Upper Level, Washer Hookup
  • Style: Coastal, Contemporary, Florida
  • Year Built: 2010
  • Garage: 5-car Boat, Covered, Driveway, Garage Door Opener, Garage Faces Side, Golf Cart Parking, Ground Level, Guest, Oversized, Split Garage
  • Heating: Central, Electric, Solar
  • Cooling: Central Air, Zoned
  • Approx Sq. Feet: 5,405
  • Acreage: 0.16
  • Est. Taxes: $45,266
  • HOA Fee: $3,000 Monthly
  • View: Water
  • Pool: Deck, Gunite, Outside Bath Access, Tile
  • Pet Policy: Yes
  • Appliances: Bar Fridge, Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Kitchen Reverse Osmosis System, Microwave, Range, Range Hood, Refrigerator, Solar Hot Water Owned, Washer
  • MLS#: N6131634
  • Days on Market: 238 days
  • Website: https://www.raveis.com
    /eprop/N6131634/361benjaminfranklindrive_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 4:31:52 AM)
Listing courtesy of Coldwell Banker Realty   Phone: 941-493-1000

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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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361 Benjamin Franklin DRIVE, #A, Sarasota, FL, 34236

$6,495,000

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 $5,196,000 $5,196,000 $5,196,000
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 $3,772 $3,772 $3,772
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $32,842 $33,271 $45,263
Total Monthly Payment $36,739 $37,168 $49,160

* 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.