Designed by renowned Sarasota architect Guy Peterson, this striking
contemporary waterfront residence is tucked within the coveted Lido
Shores community, where private deeded beach access and protected
waters create one of Sarasota's most sought-after coastal
lifestyles. Occupying one-and-a-half lots along the tranquil
shoreline of Pansy Bayou, the residence blends award-worthy
architecture with extensive recent renovations, offering an
extraordinary balance of modern design, waterfront living, and
effortless indoor-outdoor entertaining. Walls of floor-to-ceiling
impact glass capture ever-changing bayou vistas while flooding the
home with natural light. Spanning more than 4,600 square feet, the
four-bedroom residence has been extensively remodeled from 2020
through 2024 with exceptional attention to detail. New
hurricane-rated Viracon glass windows and doors, new stucco, wood
flooring throughout, updated plaster walls and ceilings, new roof,
elevator servicing all three living levels, new HVAC compressors,
and a whole-house 32-kW generator provide peace of mind while
preserving the home's clean architectural aesthetic. Sophisticated
Ketra lighting adjusts throughout the day to complement natural
sunlight, while a distributed audio system, security cameras, alarm
system, and integrated smart-home features further elevate everyday
living. A dramatic foyer introduces 18-foot ceilings and expansive
waterfront views that immediately draw your eye through the
residence. The formal living room is anchored by floor-to-ceiling
glass framing peaceful water views from nearly every vantage point.
The open-concept layout flows effortlessly into the dining area,
highlighted by an imported Czech hand-blown glass chandelier,
before continuing into the gourmet kitchen and family room. The
chef's kitchen is thoughtfully designed with sleek custom
cabinetry, stone countertops, oversized center island with seating,
newer premium appliances, wine refrigeration, ice maker, two
dishwashers, multiple beverage refrigerators, and expansive prep
areas. Overlooking the family room with walls of custom built-ins,
the space remains connected to the waterfront beyond while
maintaining a clean contemporary aesthetic. A sculptural solid-wood
staircase with glass railings, together with the elevator, provides
access to each level. The second floor is devoted to private
accommodations, highlighted by the waterfront primary suite
offering its own terrace, walls of glass overlooking the pool and
bayou, spacious walk-in closet, and a beautifully reimagined
spa-inspired bath. Two additional bedroom suites enjoy private
baths, while a fourth bedroom currently serves as a den. The upper
levels continue to impress with a private office and full bath
opening onto an expansive third-floor terrace overlooking the bay
and downtown skyline. Above, the rooftop observation deck captures
panoramic views stretching from Sarasota Bay to the Gulf. Outdoor
living is every bit as remarkable. A newly constructed IPE
waterfront deck extends to the water's edge-positioned closer to
the shoreline than would be permitted today-creating an exceptional
entertaining venue overlooking the peaceful waterfront. The private
dock is equipped with a boat lift. The resort-inspired grounds also
feature a heated lap pool, spa, outdoor entertaining pavilion, new
irrigation system, extensive landscape lighting, and tranquil
garden spaces that perfectly complement the home's modern
architecture.
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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