361 BENJAMIN FRANKLIN DRIVE, #A, Sarasota, FL, 34236 | $5,600,000

One or more photo(s) has been virtually staged. NEWLY STAGED & MOVE-IN READY at the Exquisite Estate of Palazzi Al Mare. This breathtaking 5-bedrooms, 4 full baths, 2 half baths, 5-car garage home is the TROPHY of Gulf-front luxury with unobstructed ocean views from every level located directly in the heart of Lido Key & St. Armands Circle! As you enter through the iron front gate of your paver driveway with enhanced lighting, welcome to your breathtaking home of 5, 405 square feet under air, this home is equipped with 4-zoned NEW HVAC systems, Control I4 smart home automation, expansive living spaces, ceiling speakers in 8 zones, custom built-ins, and motorized Hunter Douglas blinds and shades throughout.

Upon entry, the Grand Foyer showcases a mesmerizing glass elevator and custom staircase — a signature feature of the only 5-level homes directly on Lido Beach. Take either the master staircase or the commercial-grade glass elevator to the main living area, where the views of the crystal-clear, turquoise waters of the Gulf will leave you breathless. This level also features floor-to-ceiling HURRICANE IMPACT WINDOWS and SLIDING IMPACT DOORS that open to multiple balconies equip with NEW motorized Kevlar hurricane screens.

The gourmet chef's kitchen is designed for the most discerning chefs, featuring SUB-ZERO and WOLF APPLIANCES, a walk-in pantry, dual bars and sinks, Sub-Zero beverage coolers, and a SUB-ZERO ice maker. The main level (2nd floor) also boasts a luxurious Gulf-front great room, ideal for entertaining.

Each of the three living floors features oversized custom en-suite bedrooms with his-and-her walk-in closets and vanities along with expansive bathrooms. All rooms have private smart controls for music, lighting, air/heat, and blinds. The 5th bedroom on the 2nd floor is perfect for guests or as a bonus room or private office.

On the third floor, the second primary en suite awaits, offering some of the most luxurious upgrades you’ve ever seen. The grand glass staircase leads you to the fourth floor, where the newly tiled 8-person pool and spa awaits. Overlooking the Gulf, this area is surrounded by Trex decking, ALL NEW POOL EQUIPMENT, a motorized pergola, a muraled wall, a pre-plumbed space for an outdoor kitchen, a half bath, utility closet, outdoor shower, and more.

Just off the pool deck is the ultimate entertainer’s room featuring a Sub-Zero beverage refrigerator, a granite wet bar, and a custom L-shaped granite bar. The space also features motorized privacy screens and a Kevlar screen on the front balcony.

The primary en suite on this level is an absolute dream, offering a spacious bathroom with two toilet closets (one with a bidet), custom closet built-ins, dual vanities, a makeup vanity, a Victoria Albert soaking tub, and a dual shower with seating areas and separate washer & dryer hookups. The attention to detail is unparalleled, with double coffered ceilings unique to each room throughout the home.

On the fifth floor, you’ll find the rooftop terrace, offering 360-degree views of the stunning Sarasota Bay and the Gulf. This private, unobstructed viewpoint offers some of the most relaxing and scenic views on Lido Key.

Located just steps from St. Armand’s Circle, this extraordinary estate combines privacy, sophistication, and prime location. NOW offered furnished, this home is ready to offer you Gulf-front living today! Schedule a private showing and experience the ultimate luxurious coastal living LIDO has to offer! Live where most vacation!

Features

  • Elevator: Y
  • Heating: Central, Electric, Solar
  • Cooling: Central Air, Zoned
  • Levels: 5
  • Rooms: 10
  • Bedrooms: 5
  • Baths: 4 full / 2 half
  • Laundry: Laundry Room, Upper Level, Washer Hookup
  • Complex: PALAZZI AL MARE
  • Year Built: 2010
  • Common Charge: $3,000 Monthly
  • Approx Sq. Feet: 5,405
  • Acreage: 0.16
  • Est. Taxes: $46,419
  • View: Water
  • Pool: Deck, Gunite, Outside Bath Access, Tile
  • Pet Policy: Yes
  • Appliances: Bar Fridge, Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Kitchen Reverse Osmosis System, Microwave, Range, Range Hood, Refrigerator, Solar Hot Water Owned, Washer
  • MLS#: N6131634
  • Days on Market: 420 days
  • Website: https://www.raveis.com
    /eprop/N6131634/361benjaminfranklindrive_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/11/2025 7:47:10 AM)
Listing courtesy of Coldwell Banker Realty   Phone: 941-493-1000

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361 BENJAMIN FRANKLIN DRIVE, #A, Sarasota, FL, 34236

$5,600,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $4,480,000 $4,480,000 $4,480,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.625% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.861% 6.751% 6.666%
Monthly Tax Payment $3,868 $3,868 $3,868
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $27,221 $28,686 $39,026
Total Monthly Payment $31,214 $32,679 $43,019

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.