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1755 7TH STREET, Sarasota, FL, 34236 | $2,950,000
RARE MULTIPLE-SINGLE FAMILY RESIDENTIAL COMPOUND OPTION IN DOWNTOWN SARASOTA’S GILLESPIE PARK includes this stunning 2023 custom-built dual residence with all the latest technology. Located next-door, a TOTALLY renovated two bed/two bath Florida bungalow at 1765 7th Street is also for sale. Purchasing these two properties together would create a unique ADA compliant three home compound or investment complex within the City of Sarasota’s short term rental policy. This contemporary two-story home is graciously designed for two households to reside together, yet independently, under one roof. With its attached THREE CAR GARAGE and paved rear-alley entrance (one of only a couple of blocks in Gillespie Park with an alley), EACH floor has a 2200+ sq. ft. , ADA compliant, 2 bedroom/2 bath open floorplan with 10 ft. ceilings, and an abundance of natural light filtered through motorized window blinds. GROUND FLOOR RESIDENCE has both front and rear entrance foyers and a private walled courtyard with outdoor kitchen and hot tub. Its impressive kitchen features Thermador appliances, a natural gas six-burner cooktop and a commodious coffee/wine bar accessible from both the great room and courtyard for easy entertaining. Located inside the front entry is a second full bath and closet-less office. SECOND FLOOR RESIDENCE: Currently leased through March 2026 has a spacious kitchen and Bosch appliances, laundry room, and two ensuite bedrooms. A large partially-covered balcony brings the outdoors in and opens to the great room and large primary suite. Solar panels, currently connected to the second-floor unit, can be switched to power the ground floor if desired. Each of the two residences are attached to the garage and there is a wide interior stairwell and elevator to second floor. This is an unusual opportunity to live and/or invest in Downtown Sarasota’s vibrant neighborhood of Gillespie Park (with dog run and tennis courts), while just steps from the Rosemary Arts District, Downtown restaurants, shops and theaters.
Features
- Elevator: Y
- Rooms: 14
- Bedrooms: 4
- Baths: 4 full
- Laundry: Inside, Laundry Room, Same Floor As Condo Unit
- Year Built: 2023
- Garage: 3-car
- Heating: Central, Electric
- Cooling: Central Air
- Approx Sq. Feet: 4,451
- Acreage: 0.17
- Est. Taxes: $31,682
- View: City, Garden
- Appliances: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator
- MLS#: A4645817
- Days on Market: 5 days
- Website: https://www.raveis.com
/eprop/A4645817/17557thstreet_sarasota_fl?source=qrflyer
Listing courtesy of Coldwell Banker Realty Phone: 941-366-8070
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Pedro DelgadilloInsurance Sales Director, William Raveis Insurance
305.922.5393
Pedro.Delgadillo@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1755 7TH STREET, Sarasota, FL, 34236
$2,950,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,360,000 | $2,360,000 | $2,360,000 |
| 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 | $2,640 | $2,640 | $2,640 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $14,340 | $15,111 | $20,558 |
| Total Monthly Payment | $17,105 | $17,876 | $23,323 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388