tomo logo

$750,000

Beds
4
Baths
3.5
sq ft
3,382

1705 Wharf Rd, Sarasota, FL 34231

1705 Wharf Rd

SARASOTA, FL 34231

  • 2 days on market
**THIS PROPERTY QUALIFIES FOR A 1% LENDER INCENTIVE IF USING PREFERRED LENDER. INQUIRE FOR MORE DETAILS.** Discover an extraordinary opportunity to own a fully renovated 4-bedroom, 3.5-bathroom home in the Tropical Shores community. With over $130,000 in recent upgrades, this exquisite home offers a perfect blend of modern elegance and coastal charm—creating a true Florida retreat just minutes from world-renowned Siesta Key beach. Step inside and be captivated by the light-filled, open-concept design, where luxury vinyl plank flooring flows seamlessly through the main living areas, and plush new carpeting adds warmth to the bedrooms. The heart of the home is the gourmet chef’s kitchen, thoughtfully designed with top-of-the-line appliances, custom cabinetry, and stunning quartz countertops—perfect for preparing meals in style. The expansive living and dining areas offer a sophisticated yet relaxed ambiance, ideal for entertaining or unwinding after a day at the beach. Beyond the beautiful interiors, French doors lead to your private backyard oasis. Situated on nearly 1/3 of an acre, the fully fenced yard provides ample space for outdoor dining, entertaining, or even adding a pool. Need room for your boat or RV? This property has you covered with dedicated parking and storage options. A large shed offers additional space for a workshop, home office, or hobby studio. Plus, a built-in dog door leads directly to a secure dog run, ensuring your furry companions can enjoy the outdoors safely. Located in the Tropical Shores community, this home offers an optional private boat association, granting access to boat docking in Sarasota Bay—perfect for boating enthusiasts and those who love life on the water. With no flood zone concerns, this property delivers both peace of mind and long-term value. Just minutes from downtown Sarasota, you’ll have world-class dining, shopping, and entertainment at your fingertips.

Details

Property type

Single Family Residence

Est. home value

$783,293

Lot size

0.29 acres

Price per sq ft

$222

Year built

1994

Annual property taxes

$7,538.84

HOA

No

Price History

02/20/2025
StellarMLS

StellarMLS #A4640655

Listed
$750,000
-6.13%
02/13/2025
StellarMLS

StellarMLS #A4623763

Removed
$799,000
10/17/2024
StellarMLS

StellarMLS #A4623763

Price change
$799,000
-4.88%

Schools & Community

Neighborhood: 

Vamo

Elementary school: 

Gulf Gate Elementary

Middle school: 

Brookside Middle

High school: 

Riverview 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

$326,138
Asking price
$750,000
Closing costs (~8% of asking)
-$60,000
Est. remaining loan balance
-$363,862
Cash to seller
$326,138

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

Seller’s Loan History

Lender

T2 Financial Llc

Loan start date

February 2023

Original loan amount

$372,500

Est. remaining balance

$363,862

Interest rate

6.48%

Loan type

New Conventional, 30 year

Seller

Joseph Eric Thomas and Emily Anna Thomas

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?

Status: Active

Tomo last checked: 02/22/2025 at 12:00 PM

Listing updated: 02/21/2025 at 6:51 AM

Listed by: Toni Zarghami, KW COASTAL LIVING III Phone #: (941) 900-4151

MLS: StellarMLS #A4640655

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