7514 Westmoreland DRIVE, Sarasota, FL, 34243 | $1,595,000

Set on nearly an acre of lush bayfront property, this exceptional Whitfield Estates parcel offers a rare opportunity to design your dream waterfront getaway. With over 34, 000 square feet and an impressive 160 feet of direct bay frontage, this property offers boundless potential for the discerning buyer, especially those who appreciate the boating lifestyle. The expansive vistas sweep across the Bay, capturing the beauty of Longboat Key and extending to the skyline of downtown Sarasota, setting the stage for a truly remarkable coastal retreat. The property unfolds along an extended driveway, leading to a private and tranquil setting. Nestled within this serene landscape is an existing three-bedroom home with a generous floor plan of nearly 3, 700 square feet. Upon entry, the home reveals formal living and dining rooms, complemented by the eat-in kitchen that flows into the spacious family room. Expansive glass walls in multiple rooms bathe the interiors in natural light, while also showcasing stunning sunset views. The second floor is dedicated to the primary bedroom suite. Two additional guest bedrooms are thoughtfully situated on the first level. Whitfield Estates, a historic neighborhood at the convergence of Sarasota and Manatee counties, is steeped in charm and heritage. Its central location places you minutes from the Gulf of Mexico’s pristine beaches, while downtown Sarasota and Bradenton's vibrant offerings are just a short drive away. Discover Florida’s renowned Cultural Coast, where theaters, art galleries, museums, eclectic dining, and boutique shopping come together to offer an elevated lifestyle blending coastal beauty with urban sophistication.

Features

  • Amenities: Fence Restrictions
  • Rooms: 8
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Electric Dryer Hookup, In Garage, Washer Hookup
  • Year Built: 1950
  • Garage: 1-car Driveway, Guest
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 3,691
  • Acreage: 0.79
  • Est. Taxes: $7,013
  • Lot Desc: Flood Insurance Required, FloodZone, In County, Oversized Lot
  • View: Water
  • Elem. School: Florine J. Abel Elementary
  • Middle School: Electa Arcotte Lee Magnet
  • High School: Bayshore High
  • Pool: Gunite, In Ground
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • MLS#: A4628092
  • Days on Market: 4 days
  • Website: https://www.raveis.com
    /eprop/A4628092/7514westmorelanddrive_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 11/21/2024 2:17:10 PM)
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

Melissa.Cohn@raveis.com

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7514 Westmoreland DRIVE, Sarasota, FL, 34243

$1,595,000

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 $1,276,000 $1,276,000 $1,276,000
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% 6.864% 6.810%
Monthly Tax Payment $584 $584 $584
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $8,170 $8,276 $11,203
Total Monthly Payment $8,879 $8,985 $11,912

* 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.