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940 Caloosa Drive

Sarasota, FL 34234

2 beds
3 baths
2,700 sqft
15,149 sqft lot
$518 per sqft
1957 build
– on site

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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.

Listing courtesy of STELLAR_MLS / COLDWELL BANKER REALTY

Last checked: Checking… • Last updated Dec 11, 2024 •

MLS# A4608486 —

The Building

Year Built:

1957
New Construction:

false
Construction Materials:

Brick
Levels:

One
Stories Total:

1
Roof:

Metal
Foundation Details:

Slab
Patio And Porch Features:

Patio
Building Area Total:

3287
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Built-in Features
Flooring:

Terrazzo
Additional Rooms:

Bonus Room
Fireplace:

true
Fireplace Features:

Living Room

Room Dimensions

Living Area:

2700
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

From 75-take the University exit West-Turn, left on Rt 41 (Tamiami Trl), Turn right on Sylvan Dr and it turns right into Caloosa. Follow left and arrive. Home is on the left.
Latitude:

27.355135
Longitude:

-82.550999
Coordinates:

-82.550999, 27.355135

The Property

Parcel Number:

2006100007
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Condition:

Completed
Lot Size Acres:

0.35
Lot Size Area:

15149
Lot Size SqFt:

15149
Lot Size Units:

Square Feet
Total Acres:

1/4 to less than 1/2
Zoning:

RSF2
Direction Faces:

North
View:

Water
View:

true
Exterior Features:

Awning(s)
Fencing:

Wood
Vegetation:

Mature Landscaping
Water Source:

Public
Road Surface Type:

Paved
Flood Zone Code:

X
Additional Parcels:

false
Homestead:

true
Lease Restrictions:

true
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

25
Tax 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
Tax Book Number:

412-3
Tax Annual Amount:

8219.55

Beds

Bedrooms Total:

2

Baths

Total Baths:

3
Total Baths:

3
Full Baths:

3

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

BB/HS Internet Available
Sewer:

Public Sewer

Appliances

Appliances:

Dishwasher
Laundry Features:

Laundry Closet

Schools

Elementary School:

Gocio Elementary
Middle Or Junior School:

Booker Middle
High School:

Booker High

The Community

Subdivision Name:

WEBER SUB
Senior Community:

false
Water View:

Canal
Water View:

true
Water Access:

Bay/Harbor
Water Access:

true
Water Extras:

Bridges - No Fixed Bridges
Waterfront:

true
Waterfront Features:

Canal - Brackish
Pool Private:

false
Pets Allowed:

Cats OK
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Attached Garage:

false
Carport:

true
Carport Spaces:

1
Covered Spaces:

1
Open Parking:

true
Parking Features:

Covered

Extra Units

Other Structures:

Storage

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Utility Costs

$173/mo.

Estimate provided by ClearlyEnergy

View a full report

Sale history

Date	Event	Source	Price	% Change
11/26/24 Nov 26, 2024	Sold	STELLAR_MLS	$1,400,000	-6.6%
11/5/24 Nov 5, 2024	Pending	STELLAR_MLS	$1,499,000
9/11/24 Sep 11, 2024	Price Changed	STELLAR_MLS	$1,499,000	-5.7%

House Sold on 11/26/2024

$1,400,000

Listing provided by broker:

Ryan Skrzypkowski

COLDWELL BANKER REALTY

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Listing Courtesy of: STELLAR_MLS and COLDWELL BANKER REALTY.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ 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 information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.

940 Caloosa Drive

Sarasota, FL 34234