Active

1718 BAY ST

SARASOTA FL, 34236

$4,925,000


$1,226.65 per sqft

Active

5 Beds

4 Baths

4,015 sqft

Residential

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.

A4586511

MLS ID

October 20, 2023

Listed

February 27, 2024

Updated

Map

1718 BAY ST
SARASOTA FL, 34236

Interior Features

Total Stories

2


Bedrooms

5 Beds


Bathrooms

4 Baths


Interior Features

Built-in Features, Ceiling Fans(s), Central Vaccum, Crown Molding, Dry Bar, Eat-in Kitchen, Living Room/Dining Room Combo, Primary Bedroom Upstairs, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s)


Appliances

Convection Oven, Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Freezer, Range, Range Hood, Refrigerator


Laundry Description

Inside, Laundry Room


Floor Description

Hardwood, Tile


Fireplace

Yes


Fireplace Description

Gas, Living Room


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Propane, Zoned

Exterior/Building Features

Lot Size

0.36 Acres


Exterior Features

Balcony, Irrigation System, Lighting, Sliding Doors, Sprinkler Metered


Lot Features

Corner Lot, City Limits, Landscaped, Near Marina, Private, Street Dead-End, Paved


Architectual Style

Coastal


Roof

Metal


Sewer

Public Sewer

School Information

High School

Sarasota High


Elementary School

Southside Elementary

Other Property Details

Area Name

34236 - Sarasota


Taxes

$16,518


Tax Frequency

Annually


Days on Market

130


Garage

Yes


Garage Spaces

3


Parking

Driveway, Garage Door Opener


View

Yes


View Description

Pool, Water


County

Sarasota


Water Source

Public


Pool

Yes


Pool Features

Deck, Gunite, In Ground, Lighting, Outside Bath Access, Self Cleaning


Waterfront

Yes


Zoning

RMF3


Buyer Agency Compensation

3%

Open House Schedule

Sun, Mar 10th

12:00 PM - 3:00 PM EDT

Sun, Mar 24th

12:00 PM - 3:00 PM EDT

Listed by Thomas Netzel, with PREMIER SOTHEBYS INTL REALTY
Listing Contact: 941-364-4000 

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Data last updated 2/27/2024, 9:39 PM UTC

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