This storied waterfront estate occupies a 1. 24-acre lot within the largest contiguous parcel on the Gulf Coast, a magnificent private park with a majestic landscape and vistas on par with Selby Gardens and the grounds of the nearby Ringling Museum. Renowned for its historical significance and stately Southern Colonial architecture, the Earle House presents a rare restoration opportunity to customize modern luxury with the provenance and style of old-world elegance. Encompassing both a two-story primary home and separate garage and guest house, the estate offers spacious accommodations for enjoyment as a seasonal retreat or year-round residence. Priced with consideration for renovations, this property is both comfortably livable and poised for thorough personalization.
Distinguished by a double-height colonnade and beautiful brick exterior, the 4-bedroom, 4. 5-bathroom home boasts original classical features throughout, including wood paneling and crown moulding, hardwood floors, fluted balusters, gas fireplaces, large chandeliers, stained glass transom, double-hung windows, and French doors. Built in 1927 and renovated to modern standards in the 90s with additional projects in following years, the home’s upgrades include a waterfront saltwater pool, elevator, walk-in showers, and top-line appliances.
Flanked by leaded glass window panels, the south-facing main entry opens to a grand foyer that leads on one side to the dining room and on the other to the waterfront great room and adjoining solarium. Awash in natural light from both south- and north-facing windows, the great room is anchored by a large central fireplace with granite hearth and an ornately carved mantle, with access at one end to a private wood-clad den with powder bath. Subtly partitioned from the great room by a coffered beam, the adjacent solarium seamlessly extends the main living space and spectacular vistas with a surround of oversized windows and double doors that open to the pool terrace and waterfront lawn. On the east side of the main floor, the foyer opens to the spacious dining room with two original arched door corner cupboards and a well-appointed wet bar that adds ample storage as well as additional under-counter refrigeration and dedicated beverage cooler. Beyond the dining room, a breakfast nook opens to the roomy kitchen.
Upstairs, a spacious landing leads to three large bedrooms, each with incredible views. To the right, a private alcove with elevator access leads to the western-facing primary suite with a massive brightly lit bedroom, walk-in closet with custom built-in wardrobe system, and a marble-clad bathroom with oversized vanity and walk-in shower. On the other side of the landing, two additional bedrooms offer generous layouts.
The history of the Earle House is integral to Sarasota’s early 20th-century development, dating to the formation of the Indian Beach community with the sale of magnificent waterfront homes to affluent families from across the United States. This remarkable estate, enviably near the Ringling Museum and Asolo Theatre, stands on an indescribable piece of land with more than 130 feet of private waterfront, winding paths, and a palm grove complementing the lush tropical landscape. With adjacent parcels available by separate offer, this is an opportunity to acquire the largest acreage on the Gulf Coast, rich in architectural history and unmatched in natural beauty.
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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 | $3,200,000 | $3,200,000 | $3,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.250% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.360% | 6.956% |
Monthly Tax Payment | $5,047 | $5,047 | $5,047 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $20,755 | $19,703 | $28,317 |
Total Monthly Payment | $25,927 | $24,875 | $33,489 |
* 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.