342 North Washington Drive, SARASOTA

$2,750,000

5 Beds
5 Baths
3,421 Sqft
.38 Acres
0 Garages

*** MUST SEE stunning aerial video*** When visionary circus magnate John Ringling purchased the land now known as St. Armands circle, he envisioned creating a world-class attraction comprised of luxury waterfront real estate and an abundance of shopping and dining options around the circular hub. Today, waterfront property owners on St Armands circle (of which there are only 81) have the luxury of living just steps from the famed shopping district with more than twenty eateries, affording them a blissful atmosphere of relaxed elegance in a park-like setting with palm-lined medians and tropical plantings. One of the many famous residents of this island was BJ Palmer, the Developer of Chiropractic. Dr. Palmer made this residence on the Northwest quadrant his winter home for many years. Now, for the first time in over 40 years, this historic property is being brought to market for a new owner to write the next chapter. At nearly 16,000 SF and featuring 110’ of water frontage with a dock and boathouse, this parcel offers the perfect canvas for an architect and builder to design and construct a modern masterpiece. Overlooking Pansy Bayou, a protected Manatee refuge, the property affords unparalleled privacy, unobstructed Bay views and the opportunity to marvel at the presence of Sarasota’s gentle “sea cows.” Public boating entry is not permitted into the Bayou, meaning only the 30 property owners adjacent to the Bayou are granted permission to boat through these waters. The convenient walkability and charm of this historic neighborhood make it one of the most coveted spots in Sarasota. The 1940’s ranch-style home currently on the property is rented through 6/1/21 and can continue to be rented or enjoyed by the new owners while the design process is underway. Rarely does such a marvelous piece of waterfront property come available! Don’t miss out on this once-in-a-half-century opportunity.

Essential Information
MLS® #A4486713
Price$2,750,000
Bedrooms5
Bathrooms5.00
Full Baths5
Square Footage3,421
Acres0.38
Year Built1947
TypeResidential
Sub-TypeSingle Family Residence
StatusPending
Community Information
Address342 North Washington Drive
AreaSarasota
SubdivisionSAINT ARMANDS
CitySARASOTA
CountySarasota
StateFL
Zip Code34236
Pet Restrictions YNY
Minimum LeaseNo Minimum
Amenities
ParkingCircular Driveway
Is WaterfrontYes
WaterfrontBayou
Water ExtrasBoathouse
Water ViewBayou
Interior
Interior FeaturesCeiling Fans(s),Eat-in Kitchen
HeatingCentral
CoolingCentral Air
FireplaceYes
# of Stories2
Appliances

Dishwasher,Disposal,Dryer,Microwave,Range,Refrigerator,Washer

Exterior
Exterior FeaturesBalcony,Sliding Doors
RoofTile
FoundationSlab
Lot Description

Historic District,Near Public Transit

School Information
ElementarySouthside Elementary
MiddleBooker Middle
HighBooker High
Additional Information
Date ListedJanuary 14th, 2021
Days on Market7
Costs
HOA Fee$0
Taxes$24,516
Tax Year2020
Property History
Price Increased from $2,700,000 to $2,750,000

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on January 21st, 2021 at 6:55am EST.