931 Norsota WAY, Siesta Key, FL, 34242 | $5,900,000

$1 million price reduction! Welcome to Casa Bianca, a spectacular Siesta Key bayfront estate offering breathtaking views and deepwater boating minutes to the Gulf of Mexico and Sarasota Bay. This is a rare opportunity to own one of the most iconic properties in Sarasota with positioned on Big Pass. Nestled behind a privacy wall and surrounded by spectacular, colorful gardens, this waterfront oasis offers a serene retreat. By day and night, savor the stunning skyline views of the Ringling Bridge, Bird Key, Lido Key, and downtown Sarasota across the bay. This 18, 250-square-foot property is located on Bay Island, the gateway to Siesta Key, on one of Sarasota's most coveted streets. The first living level is elevated nearly 18 feet; the residence boasts panoramic water views from nearly every room. The spacious, open floor plan features soaring ceilings, seamlessly flowing from the bayfront gathering area to the kitchen, dining room, and family room. Entertain guests in style with a full custom bar. The private office is equipped with a desk and built-ins, perfect for the busy executive working from home. Large, covered terraces on two levels provide ideal spaces for entertaining, dining al fresco, or relaxing. Marble floors and custom railings enhance the luxurious ambiance of this special residence. Access the upper level via a gracious staircase or the three-stop elevator to the expansive primary suite, offering breathtaking views, a dressing room, and a sumptuous bath. Three additional bedroom suites with full baths ensure privacy for overnight guests. The expansive pool area epitomizes outdoor living. Quick, deepwater access to the Gulf of Mexico and Sarasota Bay. The 1, 100-square-foot garage provides abundant space for vehicles and storage. The property offers endless opportunities for connecting with nature through boating, paddle boarding, snorkeling, windsurfing, and fishing, all from your private oasis. Discover dolphins, manatees, and an array of fish and waterfowl. In the evening, savor colorful sunsets and sparkling views of downtown Sarasota, Lido Key, and Bird Key. Arguably one of the best locations on the island and in all of Sarasota, this highly desirable North Siesta Key location is minutes away from the world-famous powdery white sands of Siesta Key Beach and the crystal azure waters of Siesta Key. The quaint shops and alfresco dining spots of Siesta Village are just minutes away, while the vibrant allure of downtown Sarasota is just across the north bridge. Considered the cultural gem of Florida’s west coast, Sarasota offers abundant urban, cultural, and social activities, including fine dining, a world-renowned art museum, galleries, ballet, symphony, opera, theater, and numerous charitable events. Convenient to Sarasota Bradenton International Airport, private aviation, and multiple golf courses, with easy access to Tampa, Naples, and Miami, Casa Bianca represents the epitome of luxury waterfront living. The dock shown in photos was damaged in hurricane Milton and will not be replaced.

Features

  • Rooms: 15
  • Bedrooms: 4
  • Baths: 4 full / 1 half
  • Laundry: Electric Dryer Hookup, Inside, Laundry Closet
  • Style: Contemporary, Custom
  • Year Built: 1988
  • Garage: 3-car Circular Driveway, Covered, Driveway, Garage Door Opener, Portico, RV Parking, Under Building, Workshop in Garage
  • Heating: Central, Electric, Zoned
  • Cooling: Central Air, Zoned
  • Approx Sq. Feet: 6,693
  • Acreage: 0.42
  • Est. Taxes: $45,431
  • Lot Desc: FloodZone, City Lot, Street Dead-End
  • View: City, Pool, Water
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pool: Gunite, In Ground, Lighting, Outside Bath Access
  • Pet Policy: Yes
  • Appliances: Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer, Wine Refrigerator
  • MLS#: A4616037
  • Days on Market: 123 days
  • Website: https://www.raveis.com
    /eprop/A4616037/931norsotaway_siestakey_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 11/19/2024 3:32:09 PM)
Listing courtesy of PREMIER SOTHEBYS INTL REALTY   Phone: 941-364-4000

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

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931 Norsota WAY, Siesta Key, FL, 34242

$5,900,000

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 $4,720,000 $4,720,000 $4,720,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.750% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.851% 6.790%
Monthly Tax Payment $3,786 $3,786 $3,786
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $30,223 $30,614 $41,441
Total Monthly Payment $34,134 $34,525 $45,352

* 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.