328 MONROE DRIVE

SARASOTA, FL, 34236

$5,799,000

$1,475 per ft²
$5,799,000
$1,475 per ft²
Active
Active
 - For Sale
beds
8 Beds
baths
8 Baths
carpenters-square
3,931 ft²
property_type
Residential
calendar
Built 2020
Rare 8 bedroom 8 bathroom fully furnished luxury island home on Lido Key!! Steps from St. Armands Circle and 3 blocks from the beautiful sandy beaches of Lido Key, this luxury home is an investor’s dream! When you arrive at the home you are immediately greeted by opulence as you enter through the impressive raised grand entryway boasting unrivaled craftsmanship and exquisite architectural finishes. Plank tile flooring, luxurious lighting, and tall ceilings flood the remarkable space creating an elevated experience for all to enjoy. You are gently guided towards the heart of the home - the kitchen - lined with custom cabinetry, high end appliances, a massive U-shaped center island providing banquet-style seating, and an impeccable back-splash that ties the entire space together - a chef's dream. Gather loved ones in the living room as you take in the beautiful surroundings and share laughter, stories, and memories around the fireplace offering sweeping views of the luxury pool just beyond the sliding doors, cohesively blending outdoor and indoor living. Entertain outdoors in the sprawling oasis that includes lush landscaping surrounding the truly magical beach-entry pool and patio space. Read a good book from the comfort of shade under the covered seating area to escape the midday sun or use the space for dining al-fresco on warmer evenings. Walk the elevated pathway through the pool to the sunken cabana and oversized spa or lounge in one of the submerged resort-quality lounger chairs or water bar stools throughout the pool. The remarkable backyard also offers a full outdoor kitchen and living space, providing the perfect amount of shade combined with a subtle breeze to enjoy any warm Floridian day. Find your peace within the walls of the primary suite - the perfect combination of abundant natural light and luxurious but elegant finishes. The impressive lavish ensuite provides the same high-end design with functionality with a deep soaking tub, expansive shower, and dual vanities. Each of the remaining bedrooms offers beautiful finishes and decor, large closets, and views of the surrounding oasis. Walk just across the street to nearby St. Armands Circle for world-renowned shopping and dining, or make the quick trip towards famous Siesta Key, nearby golf courses, three blocks to the beach, Downtown Sarasota, entertainment, and nature preserves. Choose to live year-round in this truly one-of-a-kind masterpiece or continue to rent it out on a weekly basis as a high-income-producing vacation rental with a fully equipped garage space with bicycle and beach accessories - the choice is yours! All that's left for you to do is pack your bags and start your next adventure on Monroe Drive! Currently being used as a vacation rental and is under contract until January 15 2024. - 2021 Gross Revenue : $415,902 - 2022 Gross Revenue : $558,148 - 2023 Gross Revenue : $172,680
MLS® ID:
A4559301
Listed:
1/23/23
Updated:
3/29/23

Interior Features

Kitchen Appliances
Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range Hood, Refrigerator
Total Bedrooms
8
Full Bathrooms
8
Interior Features
Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Master Bedroom Main Floor, Open Floorplan, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
Laundry Description
Inside, Laundry Room
Floor Description
Tile, Tile
Fireplace
Living Room
Cooling
Central Air
Heating
Central, Electric

Exterior/Building Features

Lot Size
0.34 acres lot
Exterior Features
French Doors, Irrigation System, Lighting, Outdoor Grill, Outdoor Kitchen, Rain Gutters, Sidewalk, Sliding Doors
Architectural Style
Coastal
Lot Details
Historic District, Landscaped, Oversized Lot, Sidewalk, Paved
Roof
Metal
Sewer
Public Sewer

Other Property Details

Area Name
34236 - Sarasota
Taxes
$32952.39
Tax Frequency
per YEAR
Garage
Yes
Garage Spaces
2
Parking
Driveway, Garage Door Opener, Garage Faces Side, Ground Level
View
N
County
Sarasota
Utilities
Electricity Connected, Fire Hydrant, Sewer Connected, Underground Utilities, Water Connected
Water Source
Public
Pool
Yes
Pool Description
Deck, Gunite, In Ground, Tile
Total Stories
1
Zoning
RSF2
Buyer Agency Compensation
2.5%
Transaction Broker Compensation
2.5%

Property History

Date
Event
Price
Value
2/28/23
Price Change
$5,799,000
-1%

Courtesy of EXP REALTY LLC, David Allison,
Listing Contact: 888-883-8509 

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Data last updated 3/29/23, 7:31 AM UTC

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