by Global Lifestyle Properties

See Home Value
$1,150,000
● House - Off Market

494 SAPPHIRE DRIVE

SARASOTA, FL 34234
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,674 Ft²
$6,399
Est. Monthly
2.44%
Cap Rate

About This Property

In the sought-after Sapphire Shores neighborhood, this beautifully updated three-bedroom, two-bath home offers a stylish and functional living space. From the moment you enter the private, lushly landscaped front courtyard, you'll be captivated by the home's serene and secluded ambiance. The open layout seamlessly connects the living room, dining room, and kitchen creating an inviting atmosphere for everyday living and entertaining. The modern kitchen is a chef's dream, boasting double center islands with ample storage, quartz countertops, a glass tile backsplash and 42-inch cabinets with frosted glass doors, soft-close drawers and under-cabinet lighting. High-end Bosch stainless steel appliances include a French door refrigerator, a smooth-surface five-burner induction cooktop with a ceiling-mounted vented exhaust hood, a built-in convection oven and a microwave drawer. The study/den, complete with French doors opening onto the front courtyard, provides the space for a home office or an optional fourth bedroom. The primary bedroom offers a tranquil retreat, featuring French doors that lead to a private screened sitting area, a peaceful spot to enjoy your morning coffee while overlooking the lush backyard. From there, step into the ultimate outdoor sanctuary. The expansive backyard oasis is a highlight of this home, featuring a heated saltwater pool and spa framed by swaying palm trees, vibrant tropical landscaping and a tranquil koi pond. Expansive pavers with artificial turf accents create a seamless outdoor living space, complete with a gas grill and ample seating. A private outdoor shower adds convenience, while the detached, screened cabana offers a shaded retreat for relaxing or entertaining. Whether you're unwinding in the spa, hosting a sunset gathering or simply enjoying the peaceful sounds of nature, this backyard is designed for relaxation. Additional highlights include impact-rated windows and doors (2024), terrazzo and travertine flooring, a natural gas tankless water heater, an irrigation system with a dedicated well and recently replaced underground waste pipes (2024). Just a short distance to the bayfront at Sapphire Shores Park and minutes from downtown Sarasota, this home offers the ultimate Florida lifestyle, combining privacy, luxury and convenience.
Unit Size
1,674 Ft²
Days on Market
70 days
Land Size
0.20 acres
Price per sqft
$717
Property Type
House
Property Taxes
$506
HOA Dues
-
Year Built
1955

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Cap Rate Calculator

Last updated: 2 years ago (Stellar MLS #A4645631)

Price History

Date / Event Date Event Price
Jun 2, 2025 Sold
Sold
May 2, 2025 In contract -
In contract
Feb 7, 2025 Listed by PREMIER SOTHEBYS INTL REALTY $1,200,000
Listed by PREMIER SOTHEBYS INTL REALTY
Aug 16, 2012 Sold
Sold
Mar 7, 2012 Sold
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 6
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 17
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 176
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 111
  • Pool Type: 8
  • Location Influence Type: 125

    Dimensions

  • Lot Size Square Feet: 8,915
  • Lot Size Depth Feet: 1,390
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,542
  • Gross Building Area: 1,740
  • Building Area: 1,542
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,542
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SAPPHIRE SHORES BLKS B C D & K
  • Land Acres: 0000000205
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 12 BLK C SAPPHIRE SHORES

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: T02 T02D A055
  • Census Tract: 000900

Zoning

  • Zoning: RSF2

Geography

  • Assessors Map Reference: 2
  • Account Number: 2001120052
  • Subdivision Tract Number: 378
  • Parcel: 2001-12-0052
  • Block: C
  • Lot: 12
  • Meridian: SEC 01 TWN 36S RNG 17E
  • Municipality: CITY OF SARASOTA
  • Latitude: 27.378
  • Longitude: -82.5613

    Address

  • Full Address: 494 Sapphire Dr
  • Address - House Number: 494
  • Address - Street Name: Sapphire
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C009
  • 4-Digit Zip Code: 2724
  • Zip Code: 34234

Valuation

    Tax

  • Total Area: 1,882
  • Tax Year: 2023
  • Tax Amount: $589,107
  • Tax Rate Code Area: 0200

    Appraisal Valuation

  • Standard Deviation: 0.1948
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 74
  • Final Value: 791,419
  • High Value: 945,645
  • Low Value: 637,193

    Market Valuation

  • Market Total Value: $699,700
  • Market Land Value: $412,500
  • Market Improvement Value: $287,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $418,916

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 08, 2012
  • Current Sale Recording Date: Aug 16, 2012
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2012105944
  • Previous Sale Recording Date: Mar 07, 2012
  • Previous Sale Contract Date: Feb 28, 2012
  • Previous Sale Amount: $141,500
  • Previous Sale Document Type: 68

    Financing

  • First Mortgage Financing Type: ADJ
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 Indian Beach-Sapphire Shores


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Unit for rent at 4801 Sarasota Avenue, SARASOTA, FL, 34234

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Frequently Asked Questions

When was property at 494 Sapphire Drive built and last sold?
The property at 494 Sapphire Drive was built in 1955 and last sold on Aug 8, 2012 for $234,500.
How much is this home worth?
The estimated value of the home located at 494 Sapphire Drive is $0.
What are some comparable homes to 494 Sapphire Drive?
There are currently no comparable homes to 494 Sapphire Drive.