Listing Agreement still in place, DO NOT CONTACT SELLER!
Introducing "Gatsby Manor," set along Hillview Drive, one of
Sarasota's most coveted bayfront addresses, often compared to Port
Royal for its exclusivity and waterfront lifestyle, this rare
Harbor Acres estate property spans nearly three-quarters of an acre
on deep, boatable water with sweeping, unobstructed Sarasota Bay
views stretching south toward Siesta Key and the Gulf of Mexico,
representing one of the neighborhood's most distinguished open-bay
offerings where only a select few residences achieve true estate
scale. Encompassing more than 8,000 square feet of air-conditioned
space with four bedrooms and three-and-a-half baths. The residence
is complemented by a grand motor court accommodating 15+ vehicles
beneath a canopy of majestic grand oaks. Privately approached
through wrought-iron gates and a sweeping circular drive anchored
by a multi-tiered fountain, the home opens to a dramatic two-story
foyer framing the water beyond. Interiors are defined by soaring
ceilings up to 22 ft. in height, exceptional millwork, multiple
fireplaces, a striking two-story wood-paneled library, formal
dining with 12-foot ceilings, and a wetbar-perfectly blending
elegant entertaining with comfortable daily living. The chef's
kitchen is designed to support both everyday living and large-scale
gatherings, featuring double 36-inch Sub-Zero refrigerators with
dual freezer drawers, two dishwashers, and a 60-inch Wolf gas range
with six burners and infrared dual griddle. The owner's suite
occupies the entire east wing of the main living level, creating a
private waterfront retreat complete with a gas fireplace, sitting
area overlooking the pool and bay, dual walk-in closets, and a
spa-inspired bath highlighted by a sculptural copper soaking tub,
dual vanities, and a dedicated luxury makeup area. Upstairs, a
second primary-style suite and two additional guest bedrooms are
accessed via the grand staircase or three-stop elevator, offering
privacy and flexibility for family and guests. The 3,800+
square-foot ground-level bonus area serves as the home's ultimate
entertaining environment, featuring a remarkable speakeasy lounge
and an impressive 700+ bottle wine room. This expansive space
functions as a true extension of the residence's living
experience-ideal for hosting gatherings, intimate evenings, or
celebrations on a grand scale. Outdoor living is equally
exceptional, centered around an expansive marble terrace
surrounding the 25' × 60' heated saltwater pool with integrated sun
shelf and spa. A brand new deep-water dock with a 20,000 lb. boat
lift and seawall replaced in 2017 further enhance the property's
boating capabilities and long-term value. Additional highlights
include hurricane-rated garage doors, elevator access to all three
levels, a drive-through three-car garage, and extensive storage
throughout. Perfectly positioned just a short stroll to Southside
Village's restaurants and boutiques, minutes from downtown
Sarasota's celebrated arts and cultural district, and only four
blocks from Sarasota Memorial Hospital. Gatsby Manor offers a truly
rare opportunity to enjoy estate-scale open-bay living with deep
water, privacy, and exceptional walkability in one of Sarasota's
most prestigious waterfront neighborhoods.
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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