495 Mckinley DRIVE, Sarasota, FL, 34236 | $5,900,000

Welcome to a Tropical Waterfront Oasis on Lido Key! This magnificent 3, 900-square-foot contemporary residence offers a rare opportunity to live in paradise, with breathtaking views of Sarasota Bay and the vibrant downtown skyline from nearly every room. Nestled on an oversized lot in a private, serene setting on South Lido Key, you'll be greeted by lush landscaping and a canopy of mature trees, including two fruit-bearing mango trees and a stately black olive tree, setting the tone for a peaceful retreat that harmoniously blends with nature. The home boasts a large open floor plan on the first level with expansive windows, soaring 25-foot ceilings, and an abundance of natural light, providing the perfect canvas for your art collection. Boating enthusiast will be delighted by the 100-foot seawall, private dock for vessels up to 70 feet, and two 10, 000 lb. remote controlled lifts (one is a platform for launching kayaks and jet skis). The yacht-basin is deep water with direct access to the Gulf of Mexico. Enjoy panoramic water views from the Heated Saltwater Pool & Spa. The first-floor open floor plan features a spacious kitchen with a breakfast Nook and lounge, large great room, dining room and bar offering uninterrupted water views and direct access to the pool deck. The home has 4 bedrooms and 4. 5 baths including a poolside bath. The Owner’s Suite is a private retreat off the main living area with terrace, pool access, marble bath, dual dressing rooms, and an office. On the upper-level you will find a flex room being used as a Gym and two bedrooms, two baths and loft area accessed by a glass-railing catwalk looking onto unobstructed water views. On the ground-floor there is an additional guest suite, providing extra space for family and visitors. Abundant storage can be found in the laundry room and large two-car garage that includes a workshop area. This stunning home is ideal for boating enthusiasts with its unbeatable waterfront location. All windows and doors are either impact glass or have electronic shutters. Enjoy convenient access to St. Armands Circle, Downtown Sarasota, Lido Beach, the Sarasota Yacht Club, and the Gulf of Mexico—offering you the best of waterfront living in a prime location. Discover your private paradise where elegance meets the allure of tropical living.

Features

  • Rooms: 6
  • Bedrooms: 4
  • Baths: 5 full / 1 half
  • Laundry: Laundry Room
  • Style: Contemporary
  • Year Built: 1993
  • Garage: 2-car
  • Heating: Central, Zoned
  • Cooling: Central Air, Zoned
  • Approx Sq. Feet: 3,903
  • Acreage: 0.35
  • Est. Taxes: $28,166
  • Lot Desc: FloodZone, City Lot, Landscaped, Oversized Lot, Street Dead-End
  • View: City, Pool, Water
  • Elem. School: Southside Elementary
  • Middle School: Booker Middle
  • High School: Sarasota High
  • Pool: Heated, In Ground, Lighting, Outside Bath Access, Salt Water
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • MLS#: A4623467
  • Days on Market: 13 days
  • Website: https://www.raveis.com
    /eprop/A4623467/495mckinleydrive_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 12/4/2024 4:12:07 AM)
Listing courtesy of COLDWELL BANKER REALTY   Phone: 941-366-8070

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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:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Yokadi MejiaInsurance Sales Director, William Raveis Insurance

561.335.7966

Yokadi.Mejia@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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495 Mckinley DRIVE, Sarasota, FL, 34236

$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% 6.500% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.209% 6.636% 6.684%
Monthly Tax Payment $2,347 $2,347 $2,347
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $30,223 $29,834 $41,116
Total Monthly Payment $32,695 $32,306 $43,588

* 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.