tomo logo

$4,890,000

Beds
4
Baths
4.0
sq ft
2,977

7314 Point Of Rocks Rd, Sarasota, FL 34242

7314 Point Of Rocks Rd

SARASOTA, FL 34242

  • 333 days on market
    • Price drop $100,000↓
Welcome to one of the most exclusive and sought after locations in all of Sarasota, welcome to Point of Rocks. The Siesta Key sand is often compared to Powdered Sugar. The sugar sand flows over and through the shoreline here at The Sugar Shack, a quintessential beach cottage. Located directly on the Point of Rocks this cottage sits roughly 13 feet above sea level providing sensational year-round views of the Gulf and Sunset. The rocks are estimated to be one of the oldest locations in all of Florida, perhaps over 3,000 years old. Here you can find some of the most amazing sea life, perfect for swimming, wading and snorkeling or viewing from your gulf front terrace. Featuring 4 beds and 4 baths with a split floorplan and multiple levels, the layout provides great separation of spaces for your family and guests to enjoy the beach cottage experience. With multiple areas for entertaining inside and out, including a living-dining room with fire place as well as a great family room, your guests will never want to leave. Enjoy kayaking or paddle boarding and swimming with the sea life right from your back yard. With such a prime location, from your cottage you can take a quick walk to the world famous Siesta Key Crescent Beach or over to Crescent Village for great dining and entertaining. Staying on the key you can grab the trolley or take a golf cart up to Siesta Village for even more shopping, dining and night life. Here at The Sugar Shack, you can have it all! Act now so you don’t miss another epic Siesta Key Season!

Details

Property type

Single Family Residence

Est. home value

$4,784,818

Lot size

0.38 acres

Price per sq ft

$1,643

Year built

1940

Annual property taxes

$14,120.93

Price History

05/22/2024
StellarMLS

StellarMLS #A4586498

Price change
$4,890,000
-2%
03/21/2024
StellarMLS

StellarMLS #A4586498

Price change
$4,990,000
-0.1%
10/23/2023
StellarMLS

StellarMLS #A4586498

Listed
$4,995,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

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

Lender

Cnlbank

Loan start date

June 2007

Original loan amount

$1,500,000

Est. remaining balance

Not provided

Interest rate

7.25%

Loan type

New Conventional, 30 year

Seller

David A Sugar and Stephanie L Sugar

Lender

Chase Manhattan Mortgage Corp

Loan start date

September 2003

Original loan amount

$1,062,000

Est. remaining balance

Not provided

Interest rate

5.67%

Loan type

New Conventional

Seller

David A Sugar and Stephanie L Sugar

Lender

Chase Manhattan Mortgage Corp

Loan start date

September 2002

Original loan amount

$1,050,000

Est. remaining balance

Not provided

Interest rate

6.31%

Loan type

New Conventional

Seller

David A Sugar and Stephanie L Sugar

Lender

Chase Manhattan Bank Usa Na

Loan start date

September 2002

Original loan amount

$450,000

Est. remaining balance

Not provided

Interest rate

6.31%

Loan type

Credit Line (Revolving)

Seller

David A Sugar and Stephanie L Sugar

Lender

Northern Trust Bank Of Florida Na

Loan start date

September 2001

Original loan amount

$125,000

Est. remaining balance

Not provided

Interest rate

7%

Loan type

New Conventional

Seller

David A Sugar and Stephanie L Sugar

Lender

Northern Tr Bk Fl N A

Loan start date

December 2000

Original loan amount

$756,000

Est. remaining balance

Not provided

Interest rate

7.79%

Loan type

Not Provided

Seller

David A Sugar and Stephanie L Sugar

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
$4,999,500
4 bd
|
3.5 ba
|
3,762 sq ft
|
House

1172 Horizon View Dr, Sarasota, FL 34242

Price drop
StellarMLS
$4,250,000
4 bd
|
4 ba
|
3,096 sq ft
|
House

7344 Point Of Rocks Rd, Sarasota, FL 34242

Price drop
StellarMLS
$4,300,000
4 bd
|
3 ba
|
3,077 sq ft
|
House

1643 Stanford Ln, Sarasota, FL 34231

Status: Active

Tomo last checked: 09/19/2024 at 9:35 PM

Listing updated: 07/15/2024 at 9:18 AM

Listed by: Jonathan Abrams, MICHAEL SAUNDERS & COMPANY Phone #: (941) 349-3444

MLS: StellarMLS #A4586498

StellarMLS logo

Recently listed in SARASOTA