tomo logo

$1,300,000

Beds
3
Baths
2.0
sq ft
1,848

1806 Caribbean Dr, Sarasota, FL 34231

1806 Caribbean Dr

SARASOTA, FL 34231

  • <1 day on market
No expense spared on this Sarasota Bay access 3 bedroom, 2 bath coastal renovation.Sitting 16’ above elevation (flood zone X) in the highly sought after bayfront neighborhood of Coral Cove. The only bayfront neighborhood in Sarasota county with a boat ramp, dock, and 2 acre park on the water. All new hurricane impact windows/doors/sliders/garage door, custom wooden plantation shutters, all new Ruud 2-speed air conditioning system/ductwork/vents/returns,Nest controls, new plumbing, new septic and drain field, updated electrical including meter/disconnect/panel/outlets, new flooring, new custom Kimal interior doors and Emtek hardware, new wooden trim Floors/windows/doors, interior walls re-textured, paint inside and out, high-end lighting fixtures, vanities, toilets, plumbing fixtures, and door hardware purchased at Hydrologic, whole home water softener system.New stucco and paint, new aluminum fascia/soffit/gutters, all new cypress ceilings front entryway and rear patio, new (12 car) paver driveway with 3 entrances, new sconce lighting, electrical outlets and ring amera/floodlight system, new paver patio with aluminum high ceiling cage and upgraded mosquito/noseeum screen. Boat/RV parking area with gravel base and 50 amp power. New irrigation system (well), landscape lighting, new tropical landscape package, premium grade astroturf with putting green, basketball goal, aluminum (black) fence with multiple gates. Double entryway doors featuring 8 glass panes and digital Emtek hardware, premium Titan LVT flooring, custom dry bar with upper and lower cabinets and GE Profile stainless wine/beverage fridge. Kitchen/dining room granite counter tops, new cabinets and hardware including sliding shelves, white/black GE Cafe refrigerator, range, microwave, dishwasher. Primary bedroom: Custom nickel groove wooden accent wall, walk in custom closet, oversized fan. Primary bathroom: Madeli floating vanity with double sinks and Delta faucets, Madeli LED touchscreen mirror with anti-fog, custom walk-in glass shower with Delta 6 zone system, seamless 3” hexagon premium tile flooring. Guest bedroom #1: Double sliders to paver patio, custom closet, oversized fan, wall mounted 55” smart TV. Guest bedroom #2: Premium Titan LVT flooring in bedroom and closet, custom closet, oversized fan, wall mounted 55” smart TV. Guest bathroom: Madeli floating vanity with double sinks and Delta faucets, Madeli LED touchscreen mirror with anti-fog, overhead lights, ultra quiet exhaust fan, Toto toilet, custom walk-in glass shower with Delta 3 zone system including handheld, custom oversized linen closet, seamless 3” hexagon premium tile flooring. Laundry room: All new cabinets, custom utility sink and folding table, food pantry, SpeedQueen commercial washer and dryer, and attic access. All new Clopay cat 5 hurricane rated 2 car garage door/rails/springs/ultra quiet opener, epoxy floor, mini-split ac system with dehumidifier, 100 pound ice maker, commercial storage racks, wall mount systems, L-shaped wooden workbench, wifi and smart tv. All new paver patio, all new aluminum high ceiling cage with mosquito/noseeum screen, cypress ceiling, area for summer kitchen buildout. 1806 Caribbean Drive is completely remodeled with designer grade features, move-in ready, and available furnished. Bring your boat and start living the ultimate bayfront lifestyle without the worry of flooding or costly flood insurance.

Details

Property type

Single Family Residence

Est. home value

$743,872

Lot size

0.3 acres

Price per sq ft

$704

Year built

1961

Annual property taxes

$5,898.44

Monthly HOA fee

$16.67

Price History

03/09/2025
StellarMLS

StellarMLS #A4643806

Listed
$1,300,000
+213.25%
03/15/2017
StellarMLS

StellarMLS #A4173966

Sold
$415,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$830,493
Asking price
$1,300,000
Closing costs (~8% of asking)
-$104,000
Est. remaining loan balance
-$365,507
Cash to seller
$830,493

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

Seller’s Loan History

Lender

First Home Bank

Loan start date

March 2022

Original loan amount

$436,000

Est. remaining balance

$365,507

Interest rate

2.93%

Loan type

New Conventional, 15 year

Seller

Stanley R Raymond Iii and Merry Beth Raymond

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: 03/09/2025 at 10:45 PM

Listing updated: 03/09/2025 at 5:41 PM

Listed by: Tom Cail, PA, RE/MAX ALLIANCE GROUP Phone #: (941) 954-5454

MLS: StellarMLS #A4643806

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