by Global Lifestyle Properties

See Home Value
34231 Coral Cove
1500 CARIBBEAN DRIVE
$3,700,000
● House - Off Market

1500 CARIBBEAN DRIVE

SARASOTA, FL 34231
bedrooms
4 Beds
bathrooms
4 Baths, 3 Half Baths
square feet
5,222 Ft²
$22,632
Est. Monthly

About This Property

Substantial price change, $750,000 less. Positioned at the end of a quiet cul-de-sac, this exceptional bayfront residence is a haven for boaters and sunset enthusiasts alike. Set directly at end of a peninsula on the Intracoastal Waterway, the home enjoys sweeping open-water views and effortless access to the Gulf, while capturing breathtaking, mango-hued sunsets that paint the sky each evening. Designed to fully embrace its remarkable waterfront setting, the home offers gracious formal living and dining rooms alongside a warm and inviting family room with fireplace, seamlessly open to a chef's kitchen appointed with high-end appliances and generous workspace, ideal for entertaining against a backdrop of ever-changing bay views. Walls of glass invite the outdoors in, opening to a terrace-style balcony overlooking the water, where evenings unfold with glowing skies and gentle bay breezes. From the terrace-style balcony, the home transitions naturally down to a resort-style bayfront heated pool and spa, and expansive waterfront yard, creating a stunning setting for alfresco dining, relaxation and waterfront gatherings. Boaters will appreciate the private bayfront dock and lift, protected Intracoastal waters ideal for kayaking and paddleboarding, and daily encounters with dolphins and abundant marine life, all enjoyed right from the comfort of home. The primary bedroom suite encompasses the entire top floor, creating a private sanctuary above it all. Thoughtfully designed for tranquility and privacy, the suite features expansive bay views, a private balcony positioned for sunset watching and a spa-inspired bath designed for relaxation. This serene retreat offers an owner's haven, secluded, elevated, and immersed in the beauty of the surrounding water and sky. Offering four bedrooms, four full baths and three additional half baths, the residence provides exceptional comfort and flexibility for family and guests. A three-car garage and a one-year-old metal roof complete the home, balancing refined elegance with everyday functionality. Quietly tucked away in Sarasota's sought-after Coral Cove neighborhood, yet moments from world-famous Siesta Beach and Sarasota's cultural, dining, and coastal attractions, this exceptional estate delivers an extraordinary waterfront lifestyle, where boating, sunsets and refined living come together in harmony. Tranquil, elegant and undeniably special.
Unit Size
5,222 Ft²
Days on Market
250 days
Land Size
0.35 acres
Price per sqft
$814
Property Type
House
Property Taxes
$1,763
HOA Dues
-
Year Built
2009

Payment Calculator

Cap Rate Calculator

Last updated: 3 days ago (Stellar MLS #A4678685)

Price History

Date / Event Date Event Price
Sep 30, 2026 Sold
Sold
Jun 4, 2026 In contract -
In contract
May 3, 2026 Price Decreased $4,250,000
↓ $225K (5%)
Price Decreased
Mar 13, 2026 Price Decreased $4,475,000
↓ $525K (10.5%)
Price Decreased
Jan 16, 2026 Listed by PREMIER SOTHEBY'S INTERNATIONAL REALTY $5,000,000
Listed by PREMIER SOTHEBY'S INTERNATIONAL REALTY
Show More

Property Highlights

Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2014
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 4
  • Partial Bathrooms: 6
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 870
  • Parking Space Count: 3
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 69

    Dimensions

  • Lot Size Square Feet: 15,038
  • Total Building Area: 6,092
  • Gross Building Area: 6,092
  • Building Area: 5,222
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 5,222
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CORAL COVE UNIT 2
  • Land Acres: 0000000345
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 8 CORAL COVE UNIT 2

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: W190 A055 F052
  • Census Tract: 002012

Zoning

  • Zoning: RSF1

Geography

  • Assessors Map Reference: 29-20
  • Account Number: 0110070011
  • Subdivision Tract Number: 1401
  • Parcel: 0110-07-0011
  • Lot: 8
  • Meridian: SEC 20 TWN 37S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.2431
  • Longitude: -82.5197

    Address

  • Full Address: 1500 Caribbean Dr
  • Legal Unit: 2
  • Address - House Number: 1500
  • Address - Street Name: Caribbean
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C096
  • 4-Digit Zip Code: 5304
  • Zip Code: 34231

Valuation

    Tax

  • Total Area: 6,977
  • Tax Year: 2023
  • Tax Amount: $2,002,990
  • Tax Rate Code Area: 9201

    Appraisal Valuation

  • Standard Deviation: 0.1279
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 85
  • Final Value: 4,616,556
  • High Value: 5,207,258
  • Low Value: 4,025,854

    Market Valuation

  • Market Total Value: $4,398,200
  • Market Land Value: $2,242,100
  • Market Improvement Value: $2,156,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,672,578

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 07, 2008
  • Current Sale Recording Date: May 12, 2008
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2008065226
  • Previous Sale Recording Date: Feb 15, 2006
  • Previous Sale Contract Date: Feb 14, 2006
  • Previous Sale Amount: $1,850,000
  • 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 Coral Cove


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1714 Meadowood Street, FL, 34231

$8,999 /mo

  • 3 Beds
  • 2 Baths
  • 1,708 ft²
1714 Meadowood Street, FL, 34231 Listing by Robin Turner
Unit for rent at 2544 Carlisle Place, FL, 34231

$6,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,690 ft²
2544 Carlisle Place, FL, 34231 Listing by Teresa Ribaudo
Unit for rent at 5824 Wildwood Avenue, FL, 34231

$5,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,042 ft²
5824 Wildwood Avenue, FL, 34231 Listing by Andy Moore


Frequently Asked Questions

When was property at 1500 Caribbean Drive built and last sold?
The property at 1500 Caribbean Drive was built in 2009 and last sold on May 7, 2008 for $1,125,000.
How much is this home worth?
The estimated value of the home located at 1500 Caribbean Drive is $4,239,935.
What are some comparable homes to 1500 Caribbean Drive?
There are currently no comparable homes to 1500 Caribbean Drive.