5116 Admiral PLACE, Sarasota, FL, 34231 | $1,350,000

Discover Your Dream Waterfront Escape! A rare opportunity awaits in this well established, highly sought after neighborhood. Ideally located, this waterfront home with private dock, is built on a Philippi Creek peninsula just minutes from Siesta Key. Boating, fishing, kayaking or relaxing on any of our world-renowned beaches, is waterfront living at its finest. High and Dry! With 11 feet elevation, the interior of this waterfront home has yet to be breached in 44 years. Hurricanes Debby, Helene, and Milton did their level best, but not a single drop of water entered the home. Custom-built gem, is brimming with one-of-a-kind touches at every turn. Extensively renovated, both interior and exterior, offering what is essentially a new home. There are 4 spacious bedrooms and a centrally located laundry room. In the primary, you’re greeted by a wall of sun-drenched windows overlooking the tranquil waterfront of a nature-filled cove. Featuring an artisan bathroom that’s reminiscent of a storied Brooklyn boutique hotel. The renovations include a cast iron full body soaking tub with a generous walk-in shower encased in extra pure glass. Kohler oversized brushed gold rainhead and multiple jets helps release the tension of the day. A walk-in closet with exquisitely carved, sliding doors from an 1890 estate in Chicago. The flooring is honed white limestone and encaustic tiles. French doors open to the back deck—perfect for your morning coffee or evening drink! Sizable second corner bedroom lets in morning sun with windows on both sides of the room. With a private entrance and front deck access. A third cozy guest room shares a spacious bathroom, with dual vanity, Japanese bidet, Kohler oversized rainhead and multiple jets, ensuring comfort for your visitors. An inviting office, den or 4th bedroom (with its own entrance), includes a queen-size Murphy bed custom built by local Amish craftsmen. Open living area has 18’ vaulted ceilings, exposed cedar beams and slats, and a bespoke lighting installation, which centers around an elevated gas fireplace with raised hearth surround, ideal for entertaining. However, it’s the stunning water views that take center stage throughout. The architect oriented the home on the property to ensure unobstructed views could be had from many windows. Chefs dream of a kitchen with dual wall ovens, Viking 4 burner with grill top, pot filler, wine cooler, marble countertops, bespoke Rohl Italian unlacquered brass facet, antique cabinet pulls from an estate in London, and custom brass inlaid solid wood maple cabinets. The flooring is honed white marble with a matching vaulted ceiling in keeping with the living room. The chef won’t feel left out of the party. They take center stage as the kitchen was designed to rise slightly above the living room, proving a commanding view of your guests and the expansive waterfront. Passing through to the screened in lanai, you’ll be enveloped by the stunning water views of the tranquil cove. For you dog lovers, the yard is fenced with puppy pickets on the lower section. There are large embedded doggie doors in the living room and lanai proving easy access to the yard. Private boat dock has both water and power for you fisherman. Beach lovers, there is an outdoor shower to wash off the white Siesta Key sand. Truly a boater's paradise! The canal grants you quick and easy access to Siesta Key, Sarasota Bay and the Gulf of Mexico from your own private dock. Make this oasis yours!

Features

  • Rooms: 6
  • Bedrooms: 4
  • Baths: 2 full
  • Laundry: Inside, Laundry Room
  • Style: Elevated, Florida
  • Year Built: 1980
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,243
  • Acreage: 0.17
  • Est. Taxes: $5,726
  • Lot Desc: FloodZone, City Lot, Landscaped, Street Dead-End
  • View: Water
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer, Wine Refrigerator
  • MLS#: A4614353
  • Days on Market: 183 days
  • Website: https://www.raveis.com
    /eprop/A4614353/5116admiralplace_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 12/22/2024 12:39:18 AM)
Listing courtesy of MICHAEL SAUNDERS & COMPANY   Phone: 941-907-9595

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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

Our Executive Mortgage Banker:

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5116 Admiral PLACE, Sarasota, FL, 34231

$1,350,000

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 $1,080,000 $1,080,000 $1,080,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.620% 6.735% 6.806%
Monthly Tax Payment $477 $477 $477
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,005 $6,915 $9,482
Total Monthly Payment $7,607 $7,517 $10,084

* 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.