- 2,700
- Square feet
- 2
- bedrooms
- 3
- Bathrooms
940 Caloosa Dr Sarasota Florida 34234
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.
Features
- MLS#
- MFRA4608486
- County
- Sarasota
- Type
- Single Family Residence
- Year built
- 1957
- # Floors
- 1 story
- Private Pool
- None
- Parking
- Lot
- 0.35 acres
- Taxes
- $8219.55
- Roof
- Metal
- Fireplace
- Yes
- Price/sqft
- $703
- On Market
- 37 days
Community
Schools:
- Elementary:
- Gocio Elementary
- Middle:
- Booker Middle
- High:
- Booker High
Pets:
- Pets OK?
- No
- Restrictions:
- No Restrictions
Community Information & Fees:
Listing courtesy of COLDWELL BANKER REALTY.
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This data is updated daily. Some properties appearing for sale on this web site may subsequently have sold and may no longer be available. The data relating to real estate for sale on this web site comes in part from the IDX program of The Florida Association of REALTORS®, MFRMLS IDX, Sarasota Association of REALTORS®, Gulf Coast Regional MLS, Venice Area Board of REALTORS®, Englewood Area Board of REALTORS®, Punta Gorda, Port Charlotte, North Port Association of REALTORS®. Real estate listings held by brokerage firms other than those marked with the Broker Reciprocity logo, IDX. All information contained herein is deemed reliable but not guaranteed. The information provided is for consumer, non-commercial use only and my not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. No part of this web site may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of www.murrayrealtyflorida.com, The Florida Association of Realtors, or the MLS Board of origin. listing data last updated from MFRMLS on 10-30-2019