1501 Ridgewood LANE, Sarasota, FL, 34231 | $1,495,000

This canal-front residence offers endless possibilities with its prime position at the “T, ” providing long unobstructed views that are simply breathtaking. Surrounded by multimillion-dollar homes, this charming and serene property has been recently updated with new plank tile flooring, cabinetry, and appliances, enhancing its spacious and light-filled ambiance. The location is perfect for those who cherish a beach or boating lifestyle — Siesta Key is just a short drive, bike ride, or walk away. The home features a seawall, 40-foot dock, all installed in 2016, and a 10, 000-pound lift (2017) allowing for immediate access to the Intracoastal Waterway and easy access to the Gulf of Mexico. The outdoor space is equally impressive: a large travertine patio area, ideal for family and entertaining, centered on a sparkling heated saltwater pool, constructed in 2016. Inside, the welcoming great room is the heart of the home, seamlessly flowing into a wide-open kitchen equipped with a center island, quartz countertops, and stainless-steel appliances. The owner’s suite offers a stunning backdrop with a spacious design, walk-in closet, and a recently remodeled bath. Additional guest accommodations include a bedroom with an adjacent bath, an office/den, and extra guest quarters with a bath. For added peace of mind, the residence is fitted with impact patio sliders, new metal roof in 2017 and AC in 2021. The outdoor living area is as captivating as the indoors, featuring a large, deep sparkling pool and wraparound decking that showcases sublime bay views, sunsets, and the occasional dolphin and manatee sightings, along with a variety of birds. Please note that the bonus room is being used as a third bedroom. Located near downtown Sarasota, residents can enjoy a vibrant cultural scene filled with arts, opera, ballet, and fine dining. For those seeking an exceptional waterfront lifestyle, this residence truly offers a unique and unparalleled experience.

Features

  • Rooms: 9
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: In Garage
  • Style: Key West
  • Year Built: 1957
  • Garage: 2-car Circular Driveway, Garage Door Opener
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,026
  • Acreage: 0.19
  • Est. Taxes: $13,257
  • Lot Desc: FloodZone, In County, Near Public Transit, Street Dead-End
  • View: Water
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Riverview High
  • Pool: Gunite, In Ground
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Refrigerator, Washer
  • MLS#: A4633323
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /eprop/A4633323/1501ridgewoodlane_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 1/7/2025 10:47:07 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

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1501 Ridgewood LANE, Sarasota, FL, 34231

$1,495,000

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 $1,196,000 $1,196,000 $1,196,000
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 7.559% 6.723% 6.847%
Monthly Tax Payment $1,105 $1,105 $1,105
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,757 $7,658 $10,501
Total Monthly Payment $8,987 $8,888 $11,731

* 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.