tomo logo

$3,449,000

Beds
4
Baths
3.0
sq ft
3,715

1200 Port Ln, Sarasota, FL 34242

1200 Port Ln

SARASOTA, FL 34242

  • 163 days on market
Welcome to your waterfront paradise! Located along a serene canal with easy access to Sarasota Bay, the Intracoastal, and the Gulf of Mexico, this remarkable property offers a lifestyle of luxury and convenience. Arriving via a paver circular driveway with ample parking, this home greets you with eight-foot double front entry doors adorned with decorative leaded glass inserts. Auto enthusiasts will rejoice as the garage can accommodate 10-plus cars, while an elevator effortlessly transports you between floors. Lush tropical landscaping, complete with irrigation and lighting, adds to the allure of this coastal retreat. Take a dip in the heated pool featuring a sun shelf and pavers, all surrounded by a beautifully landscaped oasis. Entertain in style on the covered balcony, accessible from the living room, family room, and primary suite. Step inside to discover a living room adorned with stunning water views through triple pocket sliding glass doors and a gas fireplace with a marble surround. The adjacent dining room boasts an 11-foot octagon tray ceiling with crown molding, creating an elegant atmosphere for every meal. The gourmet kitchen is a chef's dream and the heart of this home, boasting 42-inch cabinets with detailed crown molding and granite countertops with a tumbled marble tile backsplash. A breakfast nook with an aquarium window offers a perfect spot to start your day, while the island comfortably accommodates eight. Relax in the family room, where four pocket sliding glass doors open onto the balcony, offering unobstructed water views. Additional features include an 11-foot tray ceiling, a gas fireplace with a tumbled marble tile surround, crown molding, and another set of sliding glass doors that open to a screened and covered patio with a tiled bar and an outdoor kitchen with a grill. Double entry doors provide access to the primary suite foyer while sliding glass doors offer water views that open to the spacious balcony. Eleven-foot double tray ceilings with crown molding, a gas fireplace with a marble surround and wall shelving create an atmosphere of luxury and comfort. The primary bath is light and spacious and provides a large vanity with double sinks and a sitting area, a walk-in tile shower with an arched wall niche and a frameless glass surround, a jetted soaking garden tub, and a private water closet. A large custom walk-in closet boasts built-in cabinet drawers, granite countertops, and a recessed in-wall ironing board, ensuring convenience and organization. Work from home in the office/den with double-entry French doors and plantation shutters. This exceptional residence offers even more versatility with yet another bonus room, complete with a built-in kitchenette and granite countertops, that serves as the perfect in-law or guest suite, ensuring comfort and privacy for all your visitors. Whether you are an automobile collector or have the need for an enormous amount of storage and flex space, the lower level of this home is ideal. The garage showroom can accommodate well over 10 cars and toys befitting a waterfront home. Finished with an epoxy floor throughout, crown molding, sliding doors that open to the pool deck, ceiling fans, and easy access through separate garage doors, you’ll love the convenience and protection for your private fleet. This home seamlessly combines luxury living with coastal charm. Don't miss the opportunity to make this waterfront retreat your own – schedule your private tour today!

Details

Property type

Single Family Residence

Est. home value

$2,791,264

Lot size

0.38 acres

Price per sq ft

$929

Year built

2004

Annual property taxes

$32,023.59

HOA

No

Price History

04/10/2024
StellarMLS

StellarMLS #A4606428

Listed
$3,449,000
+77.55%
05/21/2021
StellarMLS

StellarMLS #A4496433

Sold
$1,942,500

Schools & Community

Elementary school: 

Phillippi Shores Elementary

Middle school: 

Brookside Middle

High school: 

Sarasota High

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,906,848
Asking price
$3,449,000
Closing costs (~8% of asking)
-$275,920
Est. remaining loan balance
-$1,266,232
Cash to seller
$1,906,848

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Synovus Bank

Loan start date

May 2021

Original loan amount

$1,359,000

Est. remaining balance

$1,266,232

Interest rate

3.18%

Loan type

New Conventional, 30 year

Seller

Edward T Hutchinson and Nancy M Hutchinson

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/20/2024 at 2:25 AM

Listing updated: 09/13/2024 at 3:54 PM

Listed by: Mike Warm, LLC, PREMIER SOTHEBYS INTL REALTY Phone #: (941) 364-4000

MLS: StellarMLS #A4606428

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