5116 Admiral PLACE, Sarasota, FL, 34231 | $1,425,000

Discover Your Dream Waterfront Escape!
A rare opportunity. Homes in this well established, coveted neighborhood almost never come up for sell. This highly sought after, ideally located, waterfront enclave is built on a Philippi Creek peninsula offering true waterfront living. Boating, fishing, canoeing or bird watching.
Step into this Architectural Digest-worthy waterfront beauty! This well-cared-for, custom-built gem, is brimming with one-of-a-kind touches at every turn. Three bedrooms en-suite down the main hall, leads to a spacious laundry room. In the primary, you will be greeted by a wall of sun-drenched windows overlooking the tranquil waterfront of a nature filled cove. On your right, featuring an artisan bathroom, reminiscent of a storied Brooklyn boutique hotel. With an enameled iron, full body soaking tub, Kohler brushed gold rainhead shower and multiple jets, you can feel the tension of the day leave you. A walk-in closet with exquisitely carved, sliding doors from an 1890 estate in Chicago, honed white limestone and marble floors and French doors that open to the back deck—perfect for your morning coffee or evening drink! The sizable second corner bedroom lets in the great morning sun with windows on both sides of the room. With a private entrance and front deck access, ideal for meditation, yoga, or enjoying a newspaper with your favorite cold brew coffee. A third private, cozy guest room shares a spacious bathroom, with dual vanity, Japanese bidet, Kohler oversized rainhead shower and multiple jets, ensuring comfort for all your visitors.
An inviting office, den or 4th bedroom (with its own entrance), includes a queen size Murphy bed custom built by local Amish craftsmen.
The open living area has 18’ vaulted ceilings, exposed cedar beams and slats, and a bespoke lighting installation, all which center around an impressive gas fireplace with hearth surround, ideal for entertaining. However, it’s the stunning water views that take center stage throughout. The architect oriented the home on the property to ensure unobstructed views could be had from most windows, perfectly framing local fireworks for your own private viewing.
The chefs dream of a kitchen with dual wall ovens, Viking 4 burner with grill top, pot filler, wine cooler (both white and red wines), marble countertops, bespoke Italian unlacquered brass facet, custom brass inlaid solid wood maple cabinets, honed marble floors, and finally, a matching vaulted ceiling in keeping with the living room. And this chef won’t feel left out of the party. On the contrary, the chef takes center stage as the kitchen was
designed to rise slightly above the living room, proving a commanding view of your guests and the waterfront.
Passing through to the lanai, which offers a stunning view, showcasing a screened porch, boat dock with water and power for you fishermen and fabulous views of the cove. There is an outdoor shower on the back deck to wash off the white Siesta Key sand before coming indoors. This spot is a boater's paradise! The canal grants you quick and easy access to Sarasota Bay and the Gulf of Mexico. Make this oasis yours!

Features

  • Rooms: 6
  • Bedrooms: 4
  • Baths: 2 full
  • Laundry: Inside, Laundry Room
  • Style: Elevated, Florida
  • Year Built: 1980
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,243
  • Acreage: 0.17
  • Est. Taxes: $5,726
  • Lot Desc: FloodZone, City Lot, Landscaped, Street Dead-End
  • View: Water
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer, Wine Refrigerator
  • MLS#: A4614353
  • Days on Market: 101 days
  • Website: https://www.raveis.com
    /eprop/A4614353/5116admiralplace_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is 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. (last updated 9/28/2024 2:24:29 AM)
Listing courtesy of MICHAEL SAUNDERS & COMPANY   Phone: 941-907-9595

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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5116 Admiral PLACE, Sarasota, FL, 34231

$1,425,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,140,000 $1,140,000 $1,140,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.371% 6.372% 6.182%
Monthly Tax Payment $477 $477 $477
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,019 $7,019 $9,620
Total Monthly Payment $7,621 $7,621 $10,222

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.