Listing Details for MLS # A4485407
539 Norsota Way, Sarasota Fl 34242, Sarasota, Fl 34242

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Residential Property - Single Family Residence in Sarasota

SOLD for $7,000,000 on March 16, 2021

Listing Price: $7,500,000Sold Price: $7,000,000Sold Price/List Price: 93%
Sold Price/Original List Price: 85.37%Days on Market: 63

Description of Property

Described by Style Magazine as a “sprawling modern structure with a Bahamian flair,” this nearly one acre of land with four-bedroom home, guest apartment and cabana is a one-of-kind iconic property which is an exquisite homage to luxury bayfront living. The 150’ of direct bay frontage on the highly sought-after north end of Siesta Key is rumored to be the former site of the famed Bay Island Hotel, known for its glittering views of downtown Sarasota, the Ringling Bridge, and deep water boating – now yours to create your own masterpiece or restore the current characterful structures to their original glory. Multiple areas throughout the grounds and interior provide endless opportunities for entertaining and resort-style living, including a dramatic open-air pool terrace, meditative gardens, and an effortless open floorplan that boasts Southwestern, Bahamian and Mediterranean influences. Bright whites, soaring 22’ beamed ceilings, walls of windows, and light Oak flooring all give the home a relaxing coastal ambiance and embrace the stunning postcard setting few get to experience. A main house features four spacious guest suites with unique historic details like claw-foot tubs, hand-painted frescos and palladium windows and the master suite is spa-like and splashed in natural light with a whirlpool tub, oversized walk-in closet and chic work station with beautiful bay views. Other outstanding spaces include a solarium that looks directly out to the pool, cabana and water; a red-brick kitchen with high-end stainless steel appliances from GE and SubZero; and a cozy media room with surround sound, leather seating and home theatre. A guest apartment and cabana make the home truly customizable to suit your lifestyle and family needs. Designed for those who wish to be indulged in comfort, luxury and style, this wonderful estate property is the perfect backdrop to a vibrant Sarasota lifestyle.

Property Details At A Glance

Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Sarasota
County: Sarasota
Subdivision: Bay Island
Bedrooms: 6
Bathrooms: 5
Half Baths: 2
Sq. Ft. Gross: 10,188
Sq. Ft. Living Area: 8,964
Cost per (heated) sqare foot: $837
Year built: 1952
Annual Tax: $42,355

Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.

Interior Features:

  • Built in Features
  • Ceiling Fans(s)
  • Crown Molding
  • Eating Space In Kitchen
  • High Ceiling(s)
  • Open Floorplan
  • Skylight(s)
  • Solid Wood Cabinets
  • Stone Counters
  • Vaulted Ceiling(s)
  • Walk-In Closet(s)
  • Wet Bar

Appliances:

  • Bar Fridge
  • Built-In Oven
  • Cooktop
  • Dishwasher
  • Disposal
  • Dryer
  • Electric Water Heater
  • Refrigerator
  • Washer

Accessibility Features:

Fireplace: Yes

Fireplace Features:

  • Family Room
  • Living Room
  • Wood Burning

Window Features: Shade Shutter(s)

Additional Rooms:

  • Breakfast Room Separate
  • Family Room
  • Formal Dining Room Separate
  • Inside Utility
  • Media Room

Ceiling Type:

Flooring:

  • Carpet
  • Ceramic Tile
  • Hardwood

Laundry Features: Laundry Room

Schools

Elementary School: Phillippi Shores Elementary
Middle/Junior High School: Brookside Middle
High School: Sarasota High

Pool & Waterfront Info

Private Pool: Yes

Pool Features:

  • Deck
  • Gunite
  • In Ground
  • Lighting

Spa Features:
Water Front: Yes
Water Frontage: Bay/Harbor
Water Access: Yes

Water Access Type:

  • Bay/Harbor
  • Gulf/Ocean
  • Intracoastal Waterway

Water View: Bay/Harbor - Full, Intracoastal Waterway
Water Name: Sarasota Bay

Water Extras:

  • Dock - Wood
  • Dock w/o Water Supply
  • Sailboat Water
  • Seawall - Concrete

Exterior & Construction

Architectural Style: Custom
Construction: Wood Frame, Wood Siding
Foundation: Slab
Roof: Shingle

Exterior Features:
  • Awning(s)
  • Fenced
  • French Doors
  • Hurricane Shutters
  • Irrigation System
  • Lighting
  • Outdoor Shower
  • Rain Gutters
  • Sliding Doors
  • Storage

Garage: Yes
Garage Spaces: 3

Parking Features:
  • Circular Driveway
  • Guest
  • Oversized

Floors Total: 1
Floors in Unit: One
Cooling: Central Air, Zoned
Heating & Fuel: Central, Zoned
Electric:

Patio & Porch Features:

  • Deck
  • Patio
  • Side Porch

Security Features: Security System, Smoke Detector(s)
Other Structures: Guest House, Other
View: Water
Fencing: Masonry, Other

Utilities:

  • BB/HS Internet Available
  • Natural Gas Available
  • Sewer Connected
  • Underground Utilities

Sewer: Public Sewer
Water Source: Public
Community Features:
Association Amenities:

Lot Information

Lot Features:

  • Flood Insurance Required
  • Flood Zone
  • City Lot
  • Oversized Lot

Lot Size (acres): 0.96
Lot Size (sq. ft.): 42,013 square feet
Lot Dimensions: 284x150x253x164
Front Exposure: South
Adjoining Property:
Current Adjacent Use:

Legal Description & Other Information

Financing Available: Cash, Conventional
Parcel Number: 2019070030
Zoning: RSF1
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: COM INTRS NLY EXT OF WLY ROW HAMILTON AVE & NLY ROW LINE NORSOTA WAY TH S-77-W 154.03 FT FOR POB TH S-77-W 71.17 FT TH S- 00-00-23-W 9.6 FT TH N-89-56-18- E 80 FT TH N-00-04-08-W 286.84 FT TH

 

Listing courtesy of MICHAEL SAUNDERS & COMPANY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

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