940 CALOOSA DRIVE

Sarasota, FL 34234
$1,499,000
3287 sqft | 2 beds | 3 baths | 0.35 acres | #A4608486
For Sale

Description

Discover the potential of this downtown, waterfront gem in Indian-Beach Sapphire Shores, Sarasota! Imagine the possibilities of waterfront living, boasting expansive water vistas with less than 5-minute boat ride to Sarasota Bay, offering unrestricted access with no bridges to navigate. This property presents a dual opportunity: revitalize a 1957 mid-century home with vaulted ceilings, wood-burning fireplace and terrazzo floors, or seize the chance to develop a modern residence or additional structure on this expansive 15,149 square feet (.35 acres) site. The existing 1957 mid-century home spans 2,700 square feet, boasting two large bedrooms, three full bathrooms, and a large storage room. Adding to the appeal is the brand new 5-ton HVAC system and a lifetime standing seam metal roof. With 33 professionally installed solar panels tied directly to the Florida Power & Light grid, you'll enjoy the added benefit of significantly reduced energy costs, monitored conveniently from your smartphone. Outside, the lush landscaping showcases one of the largest and oldest Poinciana trees in the state, alongside a magnificent live oak near the waterfront. Situated on the north side of the vibrant downtown area,just a quick 6-minute drive away, this home is nestled within an arts district. It is conveniently located mere minutes from the bustling Rosemary District, which is now a prominent destination of its own. Your doorstep is the threshold to new developments including the new bayfront park and commercial expansions within the Quay project, enhancing the appeal and value of this locale. The property is being offered at lot value, providing an incredible chance to "buy the lot and get the house for free." Whether you choose to restore the existing mid-century marvel or embark on a new building venture, the possibilities are enticing. Take inspiration from the recent sale of a neighboring new build, fetching $4.75 million, or take advantage of the available plans for a renovation project. Most of the existing home is not in a flood zone, and if you choose to build new, it can be positioned completely out of the flood-zone due to recent changes in elevation requirements by FEMA. Envision creating a bespoke waterfront home or explore the potential for a lucrative development, all within walking distance to a thriving downtown scene. This is not just a purchase; it's an opportunity to craft your future in one of Sarasota's most sought-after neighborhoods. Embrace the chance to own a piece of paradise, where culture, convenience, and coastal beauty meet.
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  • Interior Details
    • Interior Features
      • Interior:Built-in Features, Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Therm
    • Beds & Baths
      • Bedrooms:2
      • Bathrooms:3
      • Full Baths:3
  • Property Details
    • Property
      • View:Water
      • Stories:1
      • Exterior materials:Awning(s), French Doors, Lighting, Outdoor Shower, Rain Gutters, Sliding Doors, Storage
    • Measurements
      • Acres:0.35
      • Square Feet:3287
  • Construction Details
    • Type & Style
      • Property type:Purchase
    • Condition
      • Year built:1957
    • Material information
      • Foundation:Slab
  • Utilities / Energy Details
    • Utility
      • Sewer information:Public Sewer
      • Utility source:Public
      • Utility features:BB/HS Internet Available, Cable Connected, Sewer Connected, Solar, Water Connected
  • Community and Neighborhood Details
    • Community
      • Subdivision:WEBER SUB
    • Location
      • Elementary School:Gocio Elementary
      • Middle School:Booker Middle
      • High School:Booker High
      • County:Sarasota
  • Financial Details
    • Pricing Details
      • Original List Price:$2, 000, 000
      • Days on Market (Cumulative):135
      • Taxes annual:$8, 219
  • Restrictions
    • Pets
      • Pets Allowed:Cats OK, Dogs OK, Yes
  • Other
    • Source
      • MLS #:A4608486

Location

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Patricio R. Mosquera

Last Updated: . Source: SMLS

Listing Courtesy
Listing Agent: Ryan Skrzypkowski
Listing Office: COLDWELL BANKER REALTY

Patricio R. MosqueraReal Estate Group
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10.0%

Interest Rate

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6.0%

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2.6%
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    MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Marjo Realty Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.

    IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Patricio R. Mosquera