1479 Bay Point DRIVE, Sarasota, FL, 34236 | $5,549,000

Renovate or tear down. Seize this rare and unparalleled opportunity to own prime land in one of the most exclusive and sought-after waterfront neighborhoods in Sarasota’s desired West of Trail area. Along the serene shores of Sarasota Bay, this exceptional property promises breathtaking panoramic views of the bay and the iconic Golden Gate Point, creating a canvas for your dream home. Ideally at the crossroads of Sarasota’s finest destinations, this property places you just moments from the pristine beaches of Lido Key and Siesta Key, while also offering convenient access to the vibrant cultural, dining and shopping experiences of downtown Sarasota. Whether you seek the sophistication of the opera, the galleries and museums, or the excitement of Sarasota’s nightlife, you are just minutes from it all. For those prioritizing healthcare, Sarasota Memorial Hospital and renowned providers are only a short drive away. Bay Point stands as a testament to Sarasota’s rich history, being one of the earliest established and most highly regarded communities in the area. Pride of ownership is evident throughout the neighborhood, where residents enjoy immaculately maintained homes, scenic walkability, charming street lighting and carefully preserved open spaces. The front view of the property captures the elegant charm of this distinguished neighborhood, while the back unveils a stunning, private vista overlooking Sarasota Bay and the lush beauty of Marie Selby Botanical Gardens, an ideal setting for serene living. For water enthusiasts, this property offers premium access to Sarasota Bay. The owner enjoys the luxury of docking a 48-foot boat, noting the exceptional dockage and protection provided by the deep-water access with no bridges to the bay or Gulf of Mexico, making it a boater’s paradise. This property is offered as-is, inviting you to design and build a spectacular, custom residence that capitalizes on rare waterfront lifestyle this premier Sarasota enclave provides. Don't miss your chance to invest in one of the most desirable locations Sarasota has ever known.

Features

  • Rooms: 9
  • Bedrooms: 4
  • Baths: 3 full
  • Laundry: Inside, Laundry Room, Washer Hookup
  • Year Built: 1949
  • Garage: 2-car Garage Door Opener
  • Heating: Central, Electric, Heat Pump
  • Cooling: Central Air
  • Approx Sq. Feet: 3,783
  • Acreage: 0.49
  • Est. Taxes: $19,733
  • HOA Fee: $150 Annually
  • Lot Desc: Cul-De-Sac, Flood Insurance Required, FloodZone, City Lot, Irregular Lot, Level, Near Marina, Near Public Transit, Sidewalk, Street Dead-End
  • View: Water
  • Elem. School: Southside Elementary
  • Middle School: Sarasota Middle
  • High School: Sarasota High
  • Pool: Gunite, In Ground
  • Pet Policy: Yes
  • Appliances: None
  • MLS#: A4628286
  • Days on Market: 11 days
  • Website: https://www.raveis.com
    /eprop/A4628286/1479baypointdrive_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 10:17:10 AM)
Listing courtesy of PREMIER SOTHEBYS INTL REALTY   Phone: 941-364-4000

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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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1479 Bay Point DRIVE, Sarasota, FL, 34236

$5,549,000

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 $4,439,200 $4,439,200 $4,439,200
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 $1,644 $1,644 $1,644
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $28,793 $28,425 $38,976
Total Monthly Payment $30,562 $30,194 $40,745

* 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.