by Global Lifestyle Properties

Check Availability
Sarasota 34236
1023 TOCOBAGA LANE
$3,250,000
↓ $145K (4.3%)
● House - For Sale

1023 TOCOBAGA LANE

SARASOTA, FL 34236
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,599 Ft²
$18,454
Est. Monthly
$167
HOA / Fees

About This Property

Sophisticated gated living just moments from the heart of downtown Sarasota. Evoking the timeless elegance of Palm Beach with the warmth of Old Florida charm, this exceptional Spanish Mediterranean residence is tucked within the exclusive gated waterfront enclave of Tocobaga Bay. One of only 9 private residences in the community, ideally positioned just moments from Sarasota's renowned dining, arts, shopping, and waterfront attractions. Surrounded by lush tropical landscaping and tranquil water views, the home is thoughtfully designed for both sophisticated entertaining and relaxed everyday living. Expansive interiors are filled with natural light, highlighted by a grand foyer, travertine flooring, oversized floor-to-ceiling picture windows, motorized shades, and custom window treatments throughout. The residence features 3 bedrooms, each with its own ensuite bath, along with a media room or private office and a private 3-stop elevator. The oversized 4-car garage offers exceptional storage and ample space for vehicles, golf carts, kayaks, and recreational equipment, while the air-conditioned bonus room provides flexibility for a fitness studio, game room, private office, or additional storage. The newly renovated chef's kitchen is beautifully appointed with premium finishes including a La Cornue gas cooktop, Sub-Zero refrigerator, custom Campbell Cabinetry, spacious walk-in pantry, oversized center island and Taj Mahal quartz countertops and backsplash. The oversized living room offers an inviting atmosphere for gathering, while the separate formal dining room is perfectly suited for elegant dinners and entertaining. The primary suite serves as a peaceful sanctuary complete with its own Juliette balcony, dual custom walk-in closets, and a spacious ensuite bath. Two additional guest suites occupy the third floor, each with private baths, offering ideal comfort and separation for family and guest. Designed to embrace Sarasota's indoor-outdoor lifestyle, the open-air heated saltwater pool is surrounded by lush tropical landscaping and expansive patio space for lounging and dining. Additional improvements: new tile roof (2023), new irrigation system (2024), updated water heaters (2023 & 2024), electrical panels (2024), and updated A/C units. Residents enjoy access to the community day dock with direct bay access, perfect for boating and waterfront enjoyment. Perfectly located near Sarasota's renowned beaches, St. Armands Circle, The Bay Park, and the iconic Ringling Bridge, this remarkable residence offers an exceptional lifestyle just minutes from the energy and culture of downtown Sarasota. Offered fully furnished and ready for immediate enjoyment.
Unit Size
3,599 Ft²
Days on Market
138 days
Land Size
0.35 acres
Price per sqft
$903
Property Type
House
Property Taxes
$2,329
HOA Dues
$167
Year Built
1994

Listed By

Linda Driggs
MICHAEL SAUNDERS & COMPANY

Payment Calculator

Cap Rate Calculator

Last updated: 4 months ago (Stellar MLS #A4694000)

Price History

Date / Event Date Event Price
Jul 11, 2026 Price Decreased $3,250,000
↓ $145K (4.3%)
Price Decreased
Jun 10, 2026 Price Decreased $3,395,000
↓ $100K (2.9%)
Price Decreased
May 15, 2026 Listed by MICHAEL SAUNDERS & COMPANY $3,495,000
Listed by MICHAEL SAUNDERS & COMPANY
Mar 7, 2025 Price Decreased $3,550,000
↓ $150K (4.1%)
Price Decreased
Feb 18, 2025 Price Decreased $3,700,000
↓ $100K (2.6%)
Price Decreased
Show More

Property Highlights

Garage
Parking Available
Elevator
Air Conditioning
With View
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Driveway, Garage Door Opener, Garage Faces Side, Oversized, Tandem
Garage Spaces: 4
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Built-in Features, Ceiling Fan(s), Crown Molding, Dry Bar, Elevator, High Ceilings, Smart Home, Stone Counters, Walk-In Closet(s), Solid Wood Cabinets, Split Bedroom, Thermostat, Window Treatments
Appliances: Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer, Water Purifier
Flooring Type: Carpet, Tile, Travertine
Door Features: French Doors, Sliding Doors
Laundry Features: Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup
Rooms: 11
Exterior Details
Square Footage: 3599
Square Footage Source: $0
Security Features: Gated Community, Security Gate, Security System Owned, Smoke Detector(s)
Property Condition: Completed
Architectural Style: Mediterranean
Year Built: 1994
Waterfront Features: Bay Access
Building Area Total: 5676
Levels: Three Or More
Building Area Units: Square Feet
Window Features: Drapes, Shutters, Window Treatments, Rods, Shades
Construction Materials: Block, Stucco
Patio and Porch Features: Patio
Pool Features: Gunite, Heated, In Ground, Pool Sweep, Salt Water, Tile
Pool is Private
Lot Features: City Lot, Landscaped, Level, Street Dead-End
Lot Size Area: 15433
Lot Size Units: Square Feet
Lot Size Acres: 0.35
Lot Size Square Feet: 15433
Tax Lot: 4
Water Source: Public
Financial Details
Tax Annual Amount: $27,942
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air, Multi Units, Zoned
Heating Type: Central, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Gated
HOA Fee: $2,000
HOA Fee Frequency: Annually

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 2009
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 4
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 567
  • Parking Space Count: 1
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 125

    Dimensions

  • Lot Size Square Feet: 15,433
  • Total Building Area: 3,561
  • Gross Building Area: 3,561
  • Building Area: 2,994
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,994
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TOCOBAGA BAY
  • Land Acres: 0000000354
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 4 TOCOBAGA BAY

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: T02 T02D A055
  • Census Tract: 000200

Zoning

  • Zoning: RSF1

Geography

  • Assessors Map Reference: 4
  • Account Number: 2007020005
  • Subdivision Tract Number: 2470
  • Parcel: 2007-02-0005
  • Lot: 4
  • Meridian: SEC 13 TWN 36S RNG 17E
  • Municipality: CITY OF SARASOTA
  • Latitude: 27.3521
  • Longitude: -82.5511

    Address

  • Full Address: 1023 Tocobaga Ln
  • Address - House Number: 1023
  • Address - Street Name: Tocobaga
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C046
  • 4-Digit Zip Code: 2405
  • Zip Code: 34236

Valuation

    Tax

  • Total Area: 5,683
  • Tax Year: 2023
  • Tax Amount: $1,261,902
  • Tax Rate Code Area: 0200

    Appraisal Valuation

  • Standard Deviation: 0.1942
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 74
  • Final Value: 2,107,516
  • High Value: 2,516,979
  • Low Value: 1,698,053

    Market Valuation

  • Market Total Value: $1,664,500
  • Market Land Value: $485,800
  • Market Improvement Value: $1,178,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $851,887

    Sales

  • Current Sale Contract Date: Oct 06, 2023
  • Current Sale Recording Date: Oct 11, 2023
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 154954
  • Previous Sale Recording Date: Aug 22, 2011
  • Previous Sale Contract Date: Aug 15, 2011
  • Previous Sale Amount: $600,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Sarasota


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 324 Julia Place, FL, 34236

$8,000 /mo

  • 4 Beds
  • 3 Baths
  • 2,107 ft²
324 Julia Place, FL, 34236 Listing by Toyia Youtzy
Unit for rent at 100 Central Avenue, FL, 34236

$6,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,115 ft²
100 Central Avenue #620, FL, 34236 Listing by Teresa Ribaudo
Unit for rent at 2441 Novus Street, FL, 34237

$6,800 /mo

  • 2 Beds
  • 1 Bath
  • 1,442 ft²
2441 Novus Street, FL, 34237 Listing by Ilona Davidovich


Frequently Asked Questions

When was property at 1023 Tocobaga Lane built and last sold?
The property at 1023 Tocobaga Lane was built in 1994 and last sold on Oct 6, 2023 for $2,745,000.
How much is this home worth?
The estimated value of the home located at 1023 Tocobaga Lane is $3,240,667.
What are some comparable homes to 1023 Tocobaga Lane?
There are currently no comparable homes to 1023 Tocobaga Lane.