1215 Westway DRIVE, Sarasota, FL, 34236 | $11,500,000

Experience luxurious coastal living at 1215 Westway Drive, located on the prestigious Gulf side of Lido Key in the sought-after community of Lido Shores, complete with private beach. This stunning property boasts unparalleled panoramic views of the Gulf of Mexico, providing breathtaking sunsets and an unmatched blend of elegance and comfort. Enjoy the comfortable existing home and/or plan your ultimate Gulf front estate. Spanning 2, 515 square feet, this two-bedroom, two-and-a-half-bath home sits on a generous lot with an impressive 143 feet of waterfront on the Gulf of Mexico. The residence is designed for both privacy and beauty, featuring a meticulously crafted perimeter stone-faced wall and gates, a durable metal roof for peace of mind, and professionally designed landscaping that enhances its outstanding curb appeal. The inviting eat-in kitchen, adorned with beautiful wood cabinetry and bar-height seating, seamlessly opens to the dining area. The spacious living room, complete with a cozy fireplace, and a den provide the perfect spaces for relaxation and entertaining, all while enjoying mesmerizing water views. Additional living spaces include a versatile bonus room and a well-equipped gym with a wall of glass doors that offer stunning vistas of the Gulf. The primary suite exudes a coastal, airy feel, featuring an en-suite bath with a spacious vanity and a walk-in shower. A second bedroom and bath ensure comfort for guests. This exceptional property is a private oasis on Lido Key, promising a lifestyle of luxury and tranquility with its unparalleled views and exquisite design. Permit to replace the rip rap with a seawall is in process which will enhance the overall function and aesthetic. Do not miss the opportunity to make this waterfront dream property your reality.

Features

  • Rooms: 8
  • Bedrooms: 2
  • Baths: 2 full / 1 half
  • Laundry: Laundry Room
  • Style: Coastal, Florida
  • Year Built: 1972
  • Garage: 2-car
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,515
  • Acreage: 0.27
  • Est. Taxes: $49,581
  • Lot Desc: Flood Insurance Required, FloodZone, City Lot, Landscaped
  • View: Water
  • Elem. School: Southside Elementary
  • Middle School: Booker Middle
  • High School: Sarasota High
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4610893
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /eprop/A4610893/1215westwaydrive_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 6/30/2024 3:14:57 AM)
Listing courtesy of PREMIER SOTHEBYS INTL REALTY   Phone: 941-364-4000

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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

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1215 Westway DRIVE, Sarasota, FL, 34236

$11,500,000

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 $9,200,000 $9,200,000 $9,200,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.875% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.838% 6.989% 6.850%
Monthly Tax Payment $4,132 $4,132 $4,132
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $61,982 $60,437 $80,775
Total Monthly Payment $66,239 $64,694 $85,032

* 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.