tomo logo

$965,000

Beds
3
Baths
2.0
sq ft
1,972

7000 Prospect Rd, Sarasota, FL 34243

7000 Prospect Rd

SARASOTA, FL 34243

  • 102 days on market
    • Price drop $30,000↓
THE POSSIBILITIES OF THIS PROPERTY ARE ENDLESS!! PLUS after tropical storm Debby this property is HIGH AND COMPLETELY DRY! Welcome to an amazing opportunity to own a small slice of heaven right here in the heart of Sarasota. This exceptional estate offers a rare opportunity to own just under 2 acres of prime land with A-1 zoning in close proximity to Sarasota allowing you the privilege to bring your business, horses, animals, boats, or toys with you. As soon as you enter the secured front gate, you can just sense the beauty and elegance that awaits. Let’s start with the completely remodeled home. As you enter the front door you are immediately treated to a view of the expansive lanai and refurbished pool. The kitchen which overlooks the pool, is a chef’s delight. Granite countertops, designer backsplash, all new appliances, and an overabundance of storage, this complete remodel was done with the ultimate end user in mind. You will cherish the memories created spending countless hours in the heart of this home entertaining and spending time with family. The kitchen is directly adjacent to the large family room that also overlooks the gorgeous pool and lanai. This home offers a true split floor plan. Off the kitchen is the oversized guest bedroom wing of the house with 2 large guest bedrooms and a beautifully remodeled bathroom with a double vanity sink, granite countertops and stunning tile work. On the complete opposite side of the home is your Main Suite sanctuary. Overlooking the pool and lanai, the exquisitely remodeled main bedroom is accompanied by an absolutely striking main bathroom. There is a roomy walk-in shower with all new fixtures, rain shower head, stunning tile work, custom cabinetry, an extra-large linen closet, and granite countertops with a double vanity sink. This entire estate has been completely transformed by a professional renovation team, with every detail curated to perfection. Revel in the open floor plan, with views of the pool, barn, and breathtaking sunsets visible from all angles. The interior boasts an array of upgrades, including new PGT hurricane impact windows, plumbing, HVAC air duct system, and electrical panel. Designed with both style and functionality in mind, the home features wood-look porcelain tile flooring throughout. Transition seamlessly from indoor to outdoor living through the pocket sliders leading to the renovated pool area, complete with a new skimmer and a spacious terrace ideal for entertaining. The main attraction for the horse enthusiast is the adjacent 900 sq ft barn that has been completely remodeled and offers versatility as a tack room, horse stalls, or a workshop. There are 4 stalls in the freshly painted barn, 3 large paddocks for grazing with new secure fencing, wash racks, and everything you will need to make your four legged friends feel like they’ve been given a spa day. Or, if horses aren’t your cup of tea, the barn structure could easily be converted into a mother-in-law’s suite, a dentist/doctor’s office, an art studio, a yoga retreat, etc. All of this just minutes from downtown Sarasota. Amazing!! Conveniently located near world-class shopping, dining, medical facilities, and just minutes from the pristine Gulf Coast beaches, this estate epitomizes the best of Sarasota living. With its unparalleled blend of luxury, functionality, and location, this is an opportunity not to be missed.

Details

Property type

Single Family Residence

Est. home value

$1,134,101

Lot size

1.83 acres

Price per sq ft

$490

Year built

1995

Annual property taxes

$5,570

Price History

08/27/2024
StellarMLS

StellarMLS #A4611001

Price change
$965,000
-3.02%
06/05/2024
StellarMLS

StellarMLS #A4611001

Price change
$995,000
-7.44%
05/28/2024
StellarMLS

StellarMLS #A4611001

Listed
$1,075,000
-1.83%

Schools & Community

Elementary school: 

Kinnan Elementary

Middle school: 

Braden River Middle

High school: 

Southeast 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

$387,955
Asking price
$965,000
Closing costs (~8% of asking)
-$77,200
Est. remaining loan balance
-$499,845
Cash to seller
$387,955

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

Seller’s Loan History

Lender

Freedom Mortgage Corp

Loan start date

March 2022

Original loan amount

$524,000

Est. remaining balance

$499,845

Interest rate

3.69%

Loan type

New Conventional, 30 year

Seller

Edward Vazquez and Teresa Vazquez

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?

Similar Homes Nearby

Price drop
StellarMLS
$899,000
3 bd
|
3 ba
|
2,490 sq ft
|
House

4812 Carrington Cir, Sarasota, FL 34243

Price drop
StellarMLS
$995,000
3 bd
|
3 ba
|
2,275 sq ft
|
House

6266 Mesa Gln, Bradenton, FL 34203

Price drop
StellarMLS
$1,100,000
3 bd
|
3 ba
|
2,475 sq ft
|
House

6031 Grandview Hill Ct, Bradenton, FL 34203

Status: Active

Tomo last checked: 09/07/2024 at 2:55 PM

Listing updated: 08/27/2024 at 8:44 AM

Listed by: Tim Koons-McGee, MICHAEL SAUNDERS & COMPANY Phone #: (941) 907-9595

MLS: StellarMLS #A4611001

StellarMLS logo

Recently listed in SARASOTA