940 CALOOSA DR SARASOTA, FL 34234

Features

• Price/sqft: $703
• Lot Size: 15149 sq. ft.
• Total Units: 1
• Total Rooms: 7
• Room List: Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2, Bathroom 3, Kitchen, Living Room
• Stories: 100
• Roof Type: GABLE
• Heating: Central Furnace,Fireplace
• Construction Type: Masonry
• Exterior Walls: Brick veneer

Facts

• Year Built: 01/01/1957
• Property ID: 880266293
• MLS Number: A4608486
• Parcel Number: 2006-10-0007
• Property Type: Single Family Home
• County: SARASOTA
• Legal Description: LOT 25, WEBER SUB, LESS BEG AT NE COR OF LOT 25, TH N-89-50-W 90.35 FT, TH S 100 FT FOR POB, TH N 100 FT, TH S-89-50-E 90.35 FT, TH S 100 FT, TH S-34-14-W 56.6 FT, TH S-52-58-W 39 FT, TH NW TO
• Zoning: RSF2
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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. nnThis 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. nnThe 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. nnSituated 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.nnThe 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. nnTake 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.nnEnvision 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.