320 S Shore DRIVE, Sarasota, FL, 34234 | $5,250,000

Exquisite Sarasota bayfront estate and iconic modern design with unmatched views. At the apex of Stephens Point, this exceptional property offers one of the most desired locations in Sarasota, with panoramic, 180-degree views of North Sarasota Bay, sparkling downtown lights and architectural beauty of the Ringling Bridge. Whether you're captivated by vibrant sunset skies or tranquil waters below, this home delivers a living experience that is simply unparalleled. Recognized as one of the most architecturally significant homes in the area, the former Baker Residence stands as a beacon of modern design. Designed by the award-winning architect Michael Shepherd and reimagined in 1992, the home embraces an open-concept floor plan that harmoniously connects indoors with stunning natural surroundings. Floor-to-ceiling windows flood the space with natural light, offering breathtaking vistas from almost every room. From the moment you step into the all-glass foyer and pass the sleek privacy wall, you’ll be captivated by the incredible water views that stretch as far as the eye can see. Set on nearly half an acre of gated and fenced land, this legacy estate boasts an impressive 120 feet of direct waterfront on North Sarasota Bay. A dream come true for boating enthusiasts, water sports aficionados and fishing lovers, the private dock provides effortless access to the bay for all your aquatic adventures. Nature enthusiasts will be equally delighted, with dolphins, marine life and a variety of bird species gracing the waters just outside your door. This stunning residence has undergone extensive updates in the last four years, ensuring the ideal blend of modern comforts and timeless design. Recent improvements include a new metal roof, impact-resistant glass windows and sliding doors, retractable Kevlar storm panels, and a completely refinished pool with contemporary glass tile. Inside, the gourmet kitchen is a chef's dream, featuring granite countertops, mahogany paneling and unobstructed views of the bay, making it an ideal space for cooking and entertaining. The spacious owner's suite is a serene retreat, with an indoor/outdoor spa, ideal for unwinding while taking in the waterfront vistas. The property also offers the ultimate in convenience and privacy, with a fully fenced perimeter, a Wi-Fi enabled gate, and a three-car garage with an epoxied floor. The lush front landscape is anchored by a stately banyan tree, adding a touch of grandeur to the estate. At the rear, the designer pool and expansive pool deck invite relaxation and entertaining, offering ample space for gatherings, while you enjoy the full sweep of Sarasota Bay views, second to none. Whether you're seeking a peaceful sanctuary to call home or an entertainer's paradise with incomparable vistas, this iconic Sarasota estate checks every box. Experience the beauty, serenity and exclusivity of one of the finest waterfront homes in the area. Minor flooding affected this home, according to the owner. It is being sold as-is.

Features

  • Rooms: 7
  • Bedrooms: 4
  • Baths: 3 full
  • Laundry: In Garage
  • Style: Mid-Century Modern
  • Year Built: 1966
  • Garage: 3-car Driveway, Garage Door Opener
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,978
  • Acreage: 0.45
  • Est. Taxes: $49,620
  • Lot Desc: Cul-De-Sac, Flood Insurance Required, City Lot, Street Dead-End
  • View: Water
  • Pool: Gunite, Heated, In Ground, Lap
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Refrigerator
  • MLS#: A4630678
  • Days on Market: 3 days
  • Website: https://www.raveis.com
    /eprop/A4630678/320sshoredrive_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 12/2/2024 5:32:56 PM)
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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320 S Shore DRIVE, Sarasota, FL, 34234

$5,250,000

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 $4,200,000 $4,200,000 $4,200,000
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 7.260% 6.762% 6.790%
Monthly Tax Payment $4,135 $4,135 $4,135
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $27,241 $26,893 $36,876
Total Monthly Payment $31,501 $31,153 $41,136

* 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.