by Global Lifestyle Properties

Check Availability
$4,950,000
● House - In Contract

1541 CARIBBEAN DRIVE

SARASOTA, FL 34231
bedrooms
5 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
6,035 Ft²
$27,724
Est. Monthly

About This Property

Under contract-accepting backup offers. Perfectly positioned on approximately 130 feet of deep sailboat water, this exceptional waterfront estate offers an extraordinary opportunity to experience the very best of Sarasota's luxury lifestyle.

Encompassing over 6,100 square feet, the residence was thoughtfully designed to balance grand-scale entertaining with comfortable everyday living. A dramatic two-story living room, sweeping staircase, extensive custom millwork, and walls of glass create a sense of timeless elegance while framing breathtaking water views throughout the home.

The gourmet kitchen serves as the heart of the residence, seamlessly connecting to multiple gathering spaces and opening effortlessly to the expansive waterfront terrace. Corner sliding glass doors dissolve the boundaries between indoors and out, revealing a resort-style infinity-edge pool, summer kitchen, covered entertaining areas, and sparkling bay views beyond.

The luxurious primary suite is a private waterfront retreat featuring a separate dressing room, generous dual closets, and serene water vistas. Additional guest suites provide exceptional comfort and privacy for family and visitors alike.

Designed for both recreation and relaxation, the home also features a private office/library, elevator access, media and game room with full bar, and a four-car split garage.

Outside, the lifestyle continues with a private dock, boat lift, fishing pier, and immediate access to Sarasota Bay. Whether enjoying sunset cruises, waterfront dining, or simply relaxing poolside while watching dolphins and boats pass by, every day feels like a vacation.

Rarely does a property combine this level of space, waterfront presence, boating access, and location. Just minutes from downtown Sarasota, St. Armands Circle, and the area's renowned beaches, this is a home designed for those who expect the very best.
Unit Size
6,035 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$820
Property Type
House
Property Taxes
$3,418
HOA Dues
-
Year Built
2004

Listed By

Daria Fairchild
COLDWELL BANKER REALTY

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Last updated: 7 days ago (Stellar MLS #A4695466)

Price History

Date / Event Date Event Price
Oct 14, 2026 In contract -
In contract
Aug 21, 2026 Price Decreased $4,950,000
↓ $550K (10%)
Price Decreased
Jun 4, 2026 Listed by COLDWELL BANKER REALTY $5,500,000
Listed by COLDWELL BANKER REALTY
Aug 6, 2018 Sold
Sold
May 29, 2013 Sold
Sold

Property Highlights

Garage
Elevator
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Driveway, Oversized, Garage
Garage Spaces: 4
Interior Details
Half Bathrooms: 2
Full Bathrooms: 4
Interior Features: Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Coffered Ceiling(s), Crown Molding, High Ceilings, Tray Ceiling(s), Walk-In Closet(s), Wet Bar, Eating Space In Kitchen, Thermostat
Appliances: Bar Fridge, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Microwave, Range Hood, Washer, Wine Refrigerator
Flooring Type: Carpet, Ceramic Tile, Hardwood, Travertine
Door Features: Sliding Doors
Laundry Features: Inside, Laundry Room
Rooms: 6
Has Fireplace
Fireplace Features: Living Room
Exterior Details
Square Footage: 6035
Square Footage Source: $0
Year Built: 2004
Waterfront Features: Bay Access
Waterbody Name: SARASOTA BAY
Building Area Total: 8531
Levels: Two
Building Area Units: Square Feet
Construction Materials: Stucco
Pool Features: In Ground
Pool is Private
Lot Size Area: 19785
Lot Size Units: Square Feet
Lot Size Acres: 0.45
Lot Size Square Feet: 19785
Tax Lot: 13
Water Source: Public
Financial Details
Tax Annual Amount: $41,012
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Electric
Sewer : Septic Tank

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 3
  • 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: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 1,200
  • Parking Space Count: 5
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 69

    Dimensions

  • Lot Size Square Feet: 19,785
  • Total Building Area: 7,235
  • Gross Building Area: 7,235
  • Building Area: 6,035
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 6,035
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CORAL COVE UNIT 2
  • Land Acres: 0000000454
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 13 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: 0110070016
  • Subdivision Tract Number: 1401
  • Parcel: 0110-07-0016
  • Lot: 13
  • Meridian: SEC 20 TWN 37S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.2439
  • Longitude: -82.5189

    Address

  • Full Address: 1541 Caribbean Dr
  • Legal Unit: 2
  • Address - House Number: 1541
  • Address - Street Name: Caribbean
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C096
  • 4-Digit Zip Code: 5303
  • Zip Code: 34231

Valuation

    Tax

  • Total Area: 8,531
  • Tax Year: 2023
  • Tax Amount: $4,542,072
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 9201

    Appraisal Valuation

  • Standard Deviation: 0.4696
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 6
  • Final Value: 3,744,607
  • High Value: 5,503,182
  • Low Value: 1,986,031

    Market Valuation

  • Market Total Value: $4,635,500
  • Market Land Value: $2,440,200
  • Market Improvement Value: $2,195,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,635,500
  • Assessed Land Value: $2,440,200
  • Assessed Improvements Value: $2,195,300

    Sales

  • Current Sale Contract Date: Aug 01, 2018
  • Current Sale Recording Date: Aug 06, 2018
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018105190
  • Previous Sale Recording Date: May 29, 2013
  • Previous Sale Contract Date: May 24, 2013
  • Previous Sale Amount: $2,200,000
  • 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


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Frequently Asked Questions

When was property at 1541 Caribbean Drive built and last sold?
The property at 1541 Caribbean Drive was built in 2004 and last sold on Aug 1, 2018 for $2,875,000.
How much is this home worth?
The estimated value of the home located at 1541 Caribbean Drive is $4,999,500.
What are some comparable homes to 1541 Caribbean Drive?
There are currently no comparable homes to 1541 Caribbean Drive.