1718 Bay STREET, Sarasota, FL 34236

$4,735,000 Asking Price

5 beds
4 baths
4,015  sqft
Built in 1997

One or more photo(s) has been virtually staged. The downtown Sarasota waterfront setting doesn’t get any better. Located in a federally Qualified Opportunity Zone, the investment opportunity for this property offers significant tax benefits. This 4016 square foot, 2-story home is situated on 220’ of water frontage on a Hudson Bayou peninsula. The views from the residence on the bayou are simply breathtaking. This downtown property is just minutes away from Selby Botanical Gardens, the Marina Jack bay front, Main Street, area beaches, local barrier islands, SRQ airport and everything that Sarasota so graciously offers. And the beauty about this property is that it’s been professionally renovated both inside and out; which feels as though the home is brand new. As you approach the property from the road, you're greeted by a motorized privacy gate and once you enter the elegant motor court with silver brick pavers, you have access to a 3-car, oversized garage; with tandem parking in one of the bays. On the exterior, the residence features a standing seam metal roof, new PGT impact windows and doors, anodized shade louvers on the front elevation windows, and stone stairs that lead to the grand, glass entry doors. There’s an elevated, inground pool which isn’t obstructed with a screened cage, which adds to the outdoor natural appeal. Another highlight is a covered outdoor dining area that overlooks the sundeck and water. This area is perfect for entertaining. You’ll also discover a renovated dock with Trex engineered decking and not just one, but two boat lifts. From a boating standpoint, this located offers protected water and you’re only minutes to Sarasota Bay and the open pass out to the Gulf of Mexico. And for the youngsters, there’s even a charming little tree house with big water views that's certain to make for lasting, life-long childhood memories. Inside the home you’ll find high ceilings, floors that are clad with French Oak, 8’ interior doors, a gas fireplace, contemporary wood staircase, elegant bathrooms, a stylish kitchen with white Shaker cabinetry, quartz counter-tops and Viking appliances. The pristine residence boasts 5 bedrooms with 4 ensuite bathrooms, a dedicated office that could be outfitted as a media room, and a temperature-controlled wine storage room located inside the large garage. Every room in the house is expansive and because of all of the windows, which offer privacy views, there’s an abundance of natural light cascading into the home. The primary bedroom suite is delightfully spacious and features 2 oversized walk-in wardrobe rooms, a gorgeous spa style bathroom and access to a second story covered outdoor terrace with grand water and sunset views of Hudson Bayou. A completely renovated home, on the water, in downtown Sarasota with the zip code 34236 doesn’t become available very often, but in addition to that scarcity, because it’s located in 1 of only 4 Qualified Opportunity Zones in Sarasota, you could treat this as an investment property and with the proper hold, eliminate any capital gains tax on a future resale. Speak to your investment advisor for more information about this significant tax benefit. To tour the property, contact the listing agent or your trusted real estate professional. Please see extensive property catalog attached for full property details and photos.


Features & Amenities

Interior

General:
Built-in Features, Ceiling Fan(s), Central Vacuum, Crown Molding, Dry Bar, Eating Space In Kitchen, Living Room/Dining Room Combo, PrimaryBedroom Upstairs, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s)
Rooms:
Den/Library/Office, Family Room, Inside Utility, Media Room
Appliances:
Convection Oven, Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Freezer, Range, Range Hood, Refrigerator
Laundry:
Inside, Laundry Room
Flooring:
Engineered Hardwood, Tile
A/C:
true, Central Air
Heating:
true, Central, Propane, Zoned
Fireplace:
Gas, Living Room, Fireplace

Exterior

General:
Balcony, Irrigation System, Lighting, Sliding Doors, Sprinkler Metered
Style:
Coastal
Pool:
Deck, Gunite, In Ground, Lighting, Outside Bath Access, Self Cleaning
Parking:
Driveway, Garage Door Opener

Construction

Roofing:
Metal
Windows:
Impact Glass/Storm Windows, Shutters, Tinted Windows
General:
Block, Stucco, Two, Stem Wall

Location

Road/Access:
Street Dead-End, Street Paved
Originating MLS:
Stellar MLS
County:
Sarasota

Lot

Zoning:
RMF3, BEG AT NE COR OF LOT 8, BLK 8, TH W ALG N LINE OF LOT 8 A DISTANCE OF 60 FT FT FOR POB TH WITH AN ANGLE OF 76-05 TO LEFT RUN 170 FT TO CONCRETE SEAWALL ON N SHORE OF HUDSON BAYOU TH RUN IN A W &, 2036070012
View:
Pool, Water
Fencing:
Chain Link, Fenced

Utilities

Utilities:
BB/HS Internet Available, Cable Available, Cable Connected, Electricity Connected, Propane, Public, Sewer Connected, Sprinkler Well
Water:
Public
Sewer:
Public Sewer

Financial

Source:
Stellar MLS
Buyers Agent Compensation:
3%
NA Compensation:
0%

This listing courtesy of:
PREMIER SOTHEBYS INTL REALTY, Thomas Netzel

About Sarasota, FL

Housing

Number of Units
152,825
Median Home Value
$341,369
Median Rent
$1,292

27.49% of housing units are renter occupied.

18.88% are vacant.

Commute

Car
66.43%
Public Transportation
0.60%
Walk to Work
0.72%
Work from Home
31.09%
Other
0.55%

The median travel time to work is 16 minutes.

People

Population
264,751
Median Age
51.20
Median Household Size
2.39

Education

High School
26.25%
Associate’s Degree
8.64%
Bachelor’s Degree
22.70%
Graduate Degree
17.31%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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