1101 Palm View ROAD, Sarasota, FL, 34240 | $1,350,000

Presenting a stunning 5-acre estate, ideally located just 8 miles East from the intersection of I-75 and Fruitville Road, in the heart of Sarasota, Florida. This exceptional property is sure to impress even the most discerning buyers, offering an impeccable combination of expansive open spaces, enhanced safety features, and luxurious amenities, all within a serene and peaceful setting.

The estate is accessed via a grand, tree-lined driveway leading to the estate's entrance. Inside, you will find two master suites, a generously-sized third bedroom, and an additional bathroom. The expansive open living area flows seamlessly into the formal dining room, with a morning room offering picturesque views of the pool area. Recent updates include a freshly painted interior and exterior, a renovated kitchen, and brand-new, low-maintenance Luxury Vinyl flooring—just a few of the recent enhancements made within the past six months.

Additional improvements include the transformation of a large garage into a versatile 440-square-foot flex space, along with the construction of a new 1, 600-square-foot detached garage and workshop, featuring three bays and a hydraulic lift—a true haven for automotive enthusiasts.

For outdoor lovers and entertainers, this property is an entertainer’s dream. Enjoy the custom-built stainless steel smoker, pizza oven, and 10-foot granite dining table, perfect for alfresco dining. The estate features a massive heated swimming pool, a versatile flex court for tennis, basketball, or pickleball, and a spacious open field. "The Woods" area offers endless possibilities, including the potential for a zip line, three houses, and a camping area. Additional outdoor amenities include a stocked pond, beautifully landscaped gardens, and a dedicated dog run.

For added security and peace of mind, the estate is equipped with hurricane-impact windows and sliders, all of which were thoroughly tested during the last three hurricanes, providing exceptional protection. The property also features a full set of metal shutters and Kevlar screens for the outdoor lanai, ensuring the highest level of safety.

The home is energy-efficient, thanks to a comprehensive array of solar panels that significantly reduce electricity costs, along with a whole-house backup generator connected to the main electrical panel with the necessary transfer switch, ensuring reliable power during outages. A whole-house water filtration system, paired with the well, guarantees an endless supply of clean, drinkable water, while the irrigation system ensures lush greenery throughout the year.

This extraordinary estate offers a unique blend of luxury, comfort, and safety, making it a truly unparalleled property.

Features

  • Rooms: 11
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: Inside, Laundry Room
  • Year Built: 1996
  • Garage: 3-car Circular Driveway, Driveway, Garage Door Opener, Workshop in Garage
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 3,157
  • Acreage: 5
  • Est. Taxes: $5,338
  • HOA Fee: $70 Monthly
  • Pool: Gunite, Heated, In Ground, Lighting, Solar Power Pump
  • Pet Policy: Cats OK, Dogs OK, Yes
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Range Hood, Refrigerator, Washer, Water Filtration System
  • MLS#: A4633839
  • Days on Market: 3 days
  • Website: https://www.raveis.com
    /eprop/A4633839/1101palmviewroad_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 1/6/2025 3:33:49 PM)
Listing courtesy of LISTIFY   Phone: 941-587-3767

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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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  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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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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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

1101 Palm View ROAD, Sarasota, FL, 34240

$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 7.235% 6.723% 6.826%
Monthly Tax Payment $445 $445 $445
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,005 $6,915 $9,482
Total Monthly Payment $7,575 $7,485 $10,052

* 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.