940 Caloosa Drive
$1,400,000
2
3
2,700
2,700
$519
Sold 11/26/24
Description
The property is high and dry, with no water anywhere close to the property after the recent storm. 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...The property is high and dry, with no water anywhere close to the property after the recent storm. 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.
- Listed by Ryan Skrzypkowski • COLDWELL BANKER REALTY
Property Details for 940 Caloosa Drive
Subdivision Name
WEBER SUB
Township36S
Carport Spaces1
ViewWater
WaterfrontYes
Water ViewCanal
LISTING UPDATED: 11/26/2024 02:08 PM
Property Details for 940 Caloosa Drive
Status | Sold |
---|---|
MLS # | A4608486 |
Days on Market | 159 |
Taxes | $8,220 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1957 |
Lot Size | 0.35 AC / 15,149 SF |
County | Sarasota County |
Building Information for 940 Caloosa Drive
Stories1Year Built1957Building Size-Lot Size0.35 AC / 15,149 SF
Property Information for 940 Caloosa Drive
Property History for 940 Caloosa Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 940 Caloosa Drive
Taxable ValueLand-Additions-Total-
Tax Record2024$8,470 ($706 / month)
Home Facts
Beds2Baths3Total Finished SqFt2,700 SqFtAbove Grade Finished SqFt2,700 SqFtStories1Lot Size15,149 SqFtStyleSingle Family ResidenceYear Built1957Year Renovated2002ZoningRSF2CountySARASOTAAPN2006-10-0007Fireplace TypeHas Fireplace
Schools near 940 Caloosa Drive
This home is within Sarasota.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Gocio Elementary School PublicPK to 5 | ||
Booker Middle School Public6 to 8 | ||
Booker High School Public9 to 12 | ||
Bay Haven School Of Basics Plus PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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