Spectacular once-in-a-lifetime opportunity to establish a personal estate on one of the most impressive waterfront lots of the Gulf Coast. This exceptional Gulf-front parcel offers a Lido Key address on Westway Drive, renowned for its globally recognized icons of midcentury modern design in the style of the Sarasota School of Architecture. The specific contour of this expansive .41-acre lot makes it the first Lido Shores address suitable for a deep-water dock and direct private boat access to the Gulf of Mexico. More than 120 feet of direct waterfront on the Gulf offers the opportunity for both private dock access and manicured landscaping or beach surface above the seawall, all with magnificent west-facing views of the water and the southern end of Longboat Key. Adding incalculable value, this lot is already cleared and permitted for immediate build potential of a large-scale estate. Architectural plans drawn by Jerry Sparkman of the famed design firm Sweet Sparkman are available with the land purchase. These plans honor the style of the Sarasota School of Architecture with dramatic angles, cantilevered living spaces, and the maximum elevation allowed in this enclave of Lido Key, showcasing the most spectacular views of any residence in Lido Shores at a height of 52 feet. With potential for worldwide recognition in modern design, these bespoke drawings encompass 6,885 square feet of living space under air across a magnificent primary home and separate pool house, with additional specifications including pool and spa, hardscaping, landscaping, and multi-story water features. Located in the most coveted position of the notable Lido Shores community, this Westway Drive parcel is uniquely poised for immediate groundbreaking. The address boasts acclaim not only for architectural distinction but for rare amenities that include private deeded beach access exclusive to Lido Shores residents, walking distance to the luxury boutiques and eateries of St. Armands Circle, and enviable proximity to the cosmopolitan core of Downtown Sarasota. With endless views and limitless potential, this is an incomparable and immediate opportunity to personalize ultra-luxury living on the Gulf Coast.
Property Details
Property Features
Listing Office:
Office Name: DOUGLAS ELLIMAN
Listing Agent: Lisa Morris
Exterior Features
Exterior Information:
Waterfront: Gulf
View: Water
Lot Features
Lot Information:
Lot: Paved
Lot Size: 0.41 Acres
Other
Directions Information:
Directions: From St. Armands Circle, go north on John Ringling Parkway, to left on Morningside Drive to right on Westway Drive.
Price Information
Listing Price Info
Price Summary:
List Price: $10,000,000
HOA Fees:
Amount: $300
Frequency: Annually
Tax Information:
Annual Amount: $67,017
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Sarasota, FL.
This property is $9.4M more than the Median Sold Price in Sarasota, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #A4587932
Listing Office:
Office Name: DOUGLAS ELLIMAN
Listing Agent: Lisa Morris
Listings courtesy of Stellar MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 10:19:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Apr 22, 2008
Apr 22, 2008Home Sold
$6,387,500
Aug 06, 1998
Aug 06, 1998Home Sold
$960,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$67,017
$4,198,700
2019
$72,173
$4,533,106
2018
$71,051
$4,448,583
2017
$70,268
$4,357,084
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$50K
Per Month
Principal & Interest
$49.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$25
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$30K
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Bay Haven School of Basics Plus
2901 W Tamiami Cir
Distance between this listing and this school3.20 miles
Public Magnet Grades KG-5
10
/10
Southside Elementary School
1901 Webber St
Distance between this listing and this school3.62 miles
Public District Grades PK-5
7
/10
Alta Vista Elementary School
1050 S Euclid Ave
Distance between this listing and this school4.15 miles
Public District Grades PK-5
Nearby Schools
7
/10
Sarasota School of Arts/Sciences
717 Central Ave
Distance between this listing and this school2.86 miles
Public Charter Grades 6-8
5
/10
Brookside Middle School
3636 S Shade Ave
Distance between this listing and this school4.21 miles
Public Magnet Grades 6-8
2
/10
Suncoast School for Innovative Studies
845 S School Ave
Distance between this listing and this school4.41 miles
Public Charter Grades PK-8
Nearby Schools
4
/10
Sarasota Military Academy
801 N Orange Ave
Distance between this listing and this school3.13 miles
Public Charter Grades 6-12
4
/10
Sarasota High School
2155 Bahia Vista St
Distance between this listing and this school3.72 miles
Public District Grades 9-12
3
/10
Booker High School
3201 N Orange Ave
Distance between this listing and this school3.89 miles
The neighbors living near this home have an average income of $117,763. The most common annual income of people living in Sarasota, FL is $200k+. Most families are married, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1199 Westway Dr
What is the listing price of this property?
The listing price of 1199 Westway Dr property is $10,000,000.
What type of property is this?
The property 1199 Westway Dr is land located in Sarasota, Florida, 34236.
Is this property for sale now?
Active Listing: 1199 Westway Dr is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $67,017 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on April 22, 2008 for $6,387,500. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1199 Westway Dr in Sarasota, FL and zip code 34236 in the Lido Shores neighborhood. This home sits on a 0.41 acre lot. It has been listed on Rocket Homes since November 09, 2023 and is currently priced at $10,000,000.
In November 2024, from all listings sold in Sarasota, FL there were more than 12 sold above asking price, over 237 sold below and more than 48 were sold right at the asked price. The number of listings in Sarasota, FL increased by 9.7% between October 2024 and November 2024. The median list price of listings available in November 2024 was $515,531, while the average time on the real estate market was 76 days.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
PGA/LPGA
PGA/LPGA
Hiking/backpacking
Men's Tennis
Chico's
Nordstrom Rack
Bloomingdales
Bonefish Grill
Chipotle
Chick-fil-A
Cadillac
Mazda
Lexus
Classical
Rock
News