tomo logo

$5,875,000

Beds
4
Baths
3.0
sq ft
3,783

1479 Bay Point Dr, Sarasota, FL 34236

1479 Bay Point Dr

SARASOTA, FL 34236

  • 505 days on market
    • Price drop $420,000↓
Rare opportunity to build your "dream home" in one of the most exclusive waterfront areas West of Trail neighborhoods. The property offers breathtaking views of Sarasota Bay and Golden Gate Point. Centrally located between Lido Key, Siesta Key, and downtown, this neighborhood lies close to cultural venues, fine dining, shops, and nightlife and is within a short drive to Sarasota Memorial Hospital and other health providers. Permeated with Sarasota’s rich heritage, Bay Point ranks as one of the first communities established in the area. Residents show great care in their beautifully maintained homes, neighborhood walkability with pleasant views, city lighting, and designated open spaces. The street-side view embraces the lovely neighborhood while reserving the best views at the rear of the property overlooking Sarasota Bay and Marie Selby Botanical Gardens. Water enthusiasts value excellent water access. The current owner docks a 48-foot yacht at the property and describes the dockage as providing excellent protection with no bridges to Sarasota Bay and the Gulf of Mexico. Offered AS-IS for building your spectacular residence in one of the most coveted neighborhoods in Sarasota.

Details

Property type

Single Family Residence

Est. home value

$213,220

Lot size

0.49 acres

Price per sq ft

$1,554

Year built

1949

Annual property taxes

$19,243

Monthly HOA fee

$12.5

Price History

02/17/2023
StellarMLS

StellarMLS #A4561284

Listed
$5,875,000

Schools & Community

Neighborhood: 

Baypoint Park

Elementary school: 

Southside Elementary

Middle school: 

Sarasota 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

$5,196,523
Asking price
$5,875,000
Closing costs (~8% of asking)
-$470,000
Est. remaining loan balance
-$208,477
Cash to seller
$5,196,523

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

Seller’s Loan History

Lender

Plains Commerce Bank

Loan start date

September 2023

Original loan amount

$210,123

Est. remaining balance

$208,477

Interest rate

6.81%

Loan type

FHA, 30 year

Seller

Shiulie Mondol

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: 07/05/2024 at 10:35 PM

Listing updated: 06/14/2024 at 8:54 AM

Listed by: Louis Wery, PREMIER SOTHEBYS INTL REALTY Phone #: (941) 364-4000

MLS: StellarMLS #A4561284

StellarMLS logo

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