1718 Prospect STREET, Sarasota, FL, 34239 | $3,950,000

West of the Trail, West of Osprey sits this exquisite, Majestik Homes built estate, perfectly positioned within one of Sarasota’s most desired neighborhoods. A seamless blend of design and function awaits as you enter the home, where the open-concept floor plan creates an inviting atmosphere. Rich wood-grain tile floors, contemporary wall treatments, and beam ceilings infuse the home with artistic charm and warmth. The gourmet kitchen is a chef’s dream, featuring custom cabinetry, marble and quartzite countertops, premium stainless-steel appliances, Subzero refrigeration, and an expansive center island with built-in wine fridge—ideal for culinary enthusiasts. Through the large sliding doors, the indoor-outdoor living space comes alive, offering a resort-style pool, spa, and full outdoor kitchen, creating a harmonious space to entertain or relax. The covered lanai features a full kitchen, lounge space, gas fire pit connection, retractable screening and is perfect for entertaining. On the lower level, the owner’s suite serves as a private retreat, complete with wood-beamed ceilings and a spa-inspired bathroom offering a Roman shower, soaking tub, and serene pool views. Upstairs, three generously sized bedrooms (with a fourth bedroom perfectly suited for guests) and a flexible open space with a balcony provide ample room for family and guests. The property is ideally located, less than one mile from Morton’s Gourmet Market and the dining and shopping options of Southside Village. With downtown Sarasota, SMH hospital, Sarasota High School, Southside Elementary, St. Armand’s Circle, and Siesta Key all just a short drive, walk, or bike away, this home offers the perfect balance of privacy and convenience. From the stunning curb appeal to the thoughtfully designed interiors, this home delivers a quintessential Sarasota lifestyle, combining sophistication, comfort, and tranquility. You can rest easy knowing you’re protected with impact, hurricane rated, windows and doors. The home also sits at an elevation where flood insurance is not required and there was no damage or water intrusion from past storms. Welcome Home.

Features

  • Rooms: 11
  • Bedrooms: 5
  • Baths: 4 full / 1 half
  • Laundry: Inside, Laundry Room
  • Year Built: 2020
  • Garage: 2-car Driveway
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 4,282
  • Acreage: 0.25
  • Est. Taxes: $34,417
  • Lot Desc: City Lot, Near Public Transit
  • View: Pool
  • Elem. School: Southside Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pool: Auto Cleaner, Heated, In Ground, Salt Water
  • Pet Policy: Yes
  • Appliances: Bar Fridge, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer
  • MLS#: A4635160
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /eprop/A4635160/1718prospectstreet_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 1/11/2025 8:02:07 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

Melissa.Cohn@raveis.com

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1718 Prospect STREET, Sarasota, FL, 34239

$3,950,000

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 $3,160,000 $3,160,000 $3,160,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.750% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.286% 6.874% 6.972%
Monthly Tax Payment $2,868 $2,868 $2,868
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $21,024 $20,496 $27,963
Total Monthly Payment $24,017 $23,489 $30,956

* 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.