tomo logo

$1,890,000

Beds
4
Baths
4.0
sq ft
3,766

7320 Melaleuca Way, Sarasota, FL 34242

7320 Melaleuca Way

SARASOTA, FL 34242

  • 49 days on market
One or more photo(s) has been virtually staged. Discover Sanderling Club—one of the most unique and inviting private Gulf front communities on Florida's West Coast. As you pass through the gate, you are immediately enveloped by a tree canopy and tropical foliage that leads to this exquisite property. Originally built in 1960, the main house was completely remodeled in 2010. In 2008, a new guest house was added. In total, the property features four bedrooms, four baths and 3,766 square feet of living space. An elevator ensures access to both homes. Upon entering the foyer and spacious great room, you'll feel the true essence of indoor-outdoor living on Siesta Key. The serene views of Heron Lagoon and live oak trees create an unparalleled sense of comfort and connection to nature. The modern kitchen includes a high-end appliance package, black oak cabinets with dark granite countertops, and a breakfast bar. It is complemented by a large pantry/laundry room with a built-in desk and cabinetry. Adjacent is a dining room enveloped with a wall of windows and access to the lanai. An open concept den boasts built-ins and sets the scene for casual living. The oversized primary suite, situated steps above the main living floor, features an adjacent deck with a hot tub surrounded by relaxing views of paradise and an expansive luxurious bath. The ground level of the main house provides access to an "in-law" suite with a bath and kitchenette. There is also an expansive air-conditioned bonus room in the garage. The guest house, connected to the main house by a walkway intertwined with live oak trees, includes two bedrooms, a full bath, a kitchen, and a two-car garage. Outside, this tropical oasis features plenty of living and dining areas and there is ample space for a pool and spa. Community members enjoy activities and social events in a clubhouse designed by famed architect Paul Rudolph, with a large waterfront patio and grilling area with beach/Gulf access, Har-Tru tennis courts, pickleball, and a playground. Enjoy breathtaking sunset and Gulf of Mexico views from the iconic Sanderling Club beach cabanas and clubhouse. The community also offers a private marina with direct sailboat access to Sarasota Bay, the Intracoastal Waterway, and the Gulf of Mexico. The property is located minutes to Siesta Key’s crystal quartz sand beaches and Siesta Village for shopping and restaurants. Culturally rich downtown Sarasota restaurants, theater, ballet, opera, museums, galleries, and shopping are a short drive away.

Details

Property type

Single Family Residence

Est. home value

$2,006,224

Lot size

0.72 acres

Price per sq ft

$502

Year built

1960

Annual property taxes

$12,557.34

Monthly HOA fee

$450

Price History

07/29/2024
StellarMLS

StellarMLS #A4616656

Listed
$1,890,000
-0.26%
07/01/2024
StellarMLS

StellarMLS #A4592388

Removed
$1,895,000
06/04/2024
StellarMLS

StellarMLS #A4592388

Price change
$1,895,000
-12.87%

Schools & Community

Elementary school: 

Phillippi Shores Elementary

Middle school: 

Brookside Middle

High school: 

Sarasota High

Community features: 

Gated, Tennis Court(s)

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

Wells Fargo Bank Na

Loan start date

July 2012

Original loan amount

$239,047

Est. remaining balance

Not provided

Interest rate

3.71%

Loan type

Commercial, 30 year

Seller

Martin S Walter and Louise S Stewart

Lender

Wells Fargo Bank Na

Loan start date

May 2007

Original loan amount

$175,000

Est. remaining balance

Not provided

Interest rate

6.17%

Loan type

Credit Line (Revolving), 40 year

Seller

Martin S Walter and Louise S Stewart

Lender

Wells Fargo Bank Na

Loan start date

June 2005

Original loan amount

$300,000

Est. remaining balance

Not provided

Interest rate

5.77%

Loan type

Credit Line (Revolving), 30 year

Seller

Martin S Walter and Louise M Stewart

Lender

Wells Fargo Home Mtg Inc

Loan start date

January 2004

Original loan amount

$130,000

Est. remaining balance

Not provided

Interest rate

5.83%

Loan type

Commercial

Seller

Martin S Walter and Louise S Stewart

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: 09/16/2024 at 11:00 AM

Listing updated: 09/13/2024 at 3:55 PM

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

MLS: StellarMLS #A4616656

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