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Corr Commercial Advisors, LLC.

Corr Commercial Advisors Corr Commercial Advisors
18501 Murdock Circle Ste #300
Port Charlotte, Florida 33948 info@corradvisors.com (941) 740 1215
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Listing Details for MLS # A4652628
5500 Merrimac Drive, Sarasota, Fl 34231

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    Residential Property - Single Family Residence in Sarasota

    Listing Price: $1,970,000Days on Market: 17

    Description of Property

    One or more photo(s) has been virtually staged. DOUBLE LOT ON A PRIVATE WATERFRONT PENINSULA! This property is the quintessential location for living an incredible Florida lifestyle. The home itself is unique, offering space that lends itself to anything you can imagine. With four bedrooms, some of which can be configured to other uses, and 4 full baths, this home is made for entertaining. But you may find the pièce de résistance is outside, as the oversized .61-acre lot is beautifully situated on two waterways just off Phillippi Creek. With over 400 feet of private water frontage, this property is truly your tropical oasis, quiet and peaceful, yet close to everything you need. The house itself has been continuously updated from 2017-2024. Exploring the interior, you will find a great room with a dual sided wood burning fireplace, large, updated kitchen with stainless steel appliances, farmhouse sink and pot filler. With 3 bedrooms on the first floor (one en-suite), and a master suite on the 2nd floor, there is room for residents and guests alike. The balcony off the 2nd floor provides gorgeous views, morning and night, with big blue-sky views to sunrises and sunsets. Want to feel like you are on vacation every day of the year? This home is made for tropical living. It has an outdoor tiki hut with a bar and grill, 2 outdoor fire pits, 5 zone outdoor exterior low voltage automatic night lighting, a pool, spa and boat lift. Other upgrades include a new boat house in 2019, new seawall in 2023/2024, two new A/C in 2019, and septic to sewer conversion in 2018. Tucked away at the end of cul-de-sac in Phillippi Gardens, the location is ideal, While the neighbor is private and quiet, it is close to The Landings and other shopping and eatery venues, a short bike ride to Gulf beaches, and not far from the vibrant downtown of Sarasota and all its cultural and recreational offerings. You truly must see this amazing property to appreciate all it has to offer.The average asking price for a 4 bedroom/4 bath single family residence in this Zip code is $3,553,154. This single family residence is listed at about 55% of the average asking price. This is the only 4 bedroom/4 bath single family residence between $1,600,000 and $2,200,000 currently listed for sale in this Zip code.

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    Property Details At A Glance

    • Virtual Tour

    Property Type: Residential
    Property Use or Sub Type: Single Family Residence
    City: Sarasota
    County: Sarasota
    Subdivision: Phillippi Gardens 08
    Bedrooms: 4
    Bathrooms: 4
    Sq. Ft. Gross: 4,133
    Sq. Ft. Living Area: 2,790
    Cost per (heated) sqare foot: $706
    Year built: 1974
    Annual Tax: $5,178

    Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.

    Interior Features: Ceiling Fan(s)
    Appliances: Refrigerator

    Fireplace: Yes
    Fireplace Features: Wood Burning

    Flooring: Vinyl

    Laundry Features: Inside

    Schools

    Elementary School: Phillippi Shores Elementary
    Middle/Junior High School: Brookside Middle
    High School: Riverview High

    Pool & Waterfront Info

    Private Pool: Yes
    Pool Features: In Ground
    Water Front: Yes
    Water Frontage: Canal - Saltwater
    Water Access: Yes
    Water Access Type: Canal - Saltwater
    Water Name: PHILLIPPI CREEK

    Water Extras: Lift

    Exterior & Construction

    Construction: Stucco
    Foundation: Slab
    Roof: Shingle
    Exterior Features: Sliding Doors
    Garage: Yes
    Garage Spaces: 2
    Floors in Unit: Two
    Cooling: Zoned
    Heating & Fuel: Electric
    Electric:
    Patio & Porch Features:
    Security Features:
    Other Structures:
    View: Water
    Fencing:

    Utilities: Electricity Connected
    Sewer: Public Sewer
    Water Source: Public

    Lot Information

    Lot Features: Cul-De-Sac
    Lot Size (acres): 0.61
    Lot Size (sq. ft.): 26,520 square feet
    Front Exposure: Southwest

    Legal Description & Other Information

    Financing Available: Conventional
    Parcel Number: 0086060021
    Zoning: RSF2
    Pets Allowed/Pet Policies: Yes
    Tax Legal Desc.: LOT 162 PHILLIPPI GARDENS UNIT 8 OR 1006-864
    Section: 8
    Range: 18

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    Map

     

    Listing courtesy of COLDWELL BANKER REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

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        Corr Commercial Advisors LLC

        18501 Murdock Circle Ste #300
        Port Charlotte, Florida 33948

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        (941) 740 1215
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