Welcome to a Tropical Waterfront Oasis on Lido Key! This magnificent 3,900-square-foot contemporary residence offers a rare opportunity to live in paradise, with breathtaking views of Sarasota Bay and the vibrant downtown skyline from nearly every room. Nestled on an oversized lot in a private, serene setting on South Lido Key, you'll be greeted by lush landscaping and a canopy of mature trees, including two fruit-bearing mango trees and a stately black olive tree, setting the tone for a peaceful retreat that harmoniously blends with nature. The home boasts a large open floor plan on the first level with expansive windows, soaring 25-foot ceilings, and an abundance of natural light, providing the perfect canvas for your art collection. Boating enthusiast will be delighted by the 100-foot seawall, private dock for vessels up to 70 feet, and two 10,000 lb. remote controlled lifts (one is a platform for launching kayaks and jet skis). The yacht-basin is deep water with direct access to the Gulf of Mexico. Enjoy panoramic water views from the Heated Saltwater Pool & Spa. The first-floor open floor plan features a spacious kitchen with a breakfast Nook and lounge, large great room, dining room and bar offering uninterrupted water views and direct access to the pool deck. The home has 4 bedrooms and 4.5 baths including a poolside bath. The Owner’s Suite is a private retreat off the main living area with terrace, pool access, marble bath, dual dressing rooms, and an office. On the upper-level you will find a flex room being used as a Gym and two bedrooms, two baths and loft area accessed by a glass-railing catwalk looking onto unobstructed water views. On the ground-floor there is an additional guest suite, providing extra space for family and visitors. Abundant storage can be found in the laundry room and large two-car garage that includes a workshop area. This stunning home is ideal for boating enthusiasts with its unbeatable waterfront location. All windows and doors are either impact glass or have electronic shutters. Enjoy convenient access to St. Armands Circle, Downtown Sarasota, Lido Beach, the Sarasota Yacht Club, and the Gulf of Mexico—offering you the best of waterfront living in a prime location. Discover your private paradise where elegance meets the allure of tropical living.
Lot: Flood Zone, City Lot, Landscaped, Oversized Lot, Dead End Street
Lot Size: 0.35 Acres
Utilities
Utilities Information:
Heating: Central, Zoned
Cooling: Central Air, Zoned
Other
Directions Information:
Directions: From Hwy 41 (Bayfront Dr), turn west on N Gulfstream Ave and cross the John Ringling Causeway Bridge to Lido Key. Turn left (south) on S Washington Drive. Turn left on S. Blvd of the Presidents. Follow to McKinley Drive and turn left. House will be towards the end of the street on the left. There is no for sale sign.
Price Information
Listing Price Info
Price Summary:
List Price: $5,900,000
Price Per SqFt: $1,512/SqFt
Tax Information:
Annual Amount: $27,562
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 $5.3M more than the Median Sold Price and $1.2K/SqFt more than other homes in Sarasota, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #A4623467
Listing Office:
Office Name: COLDWELL BANKER REALTY
Office Phone: (941) 366-8070
Listing Agent: Georgia Salaverri
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: 12/4/2024, 1:19:52 PM 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
Feb 09, 1998
Feb 09, 1998Home Sold
$1,135,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$27,562
$1,739,383
2019
$26,874
$1,700,277
2018
$26,452
$1,668,574
2017
$26,156
$1,634,255
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.
$29.5K
Per Month
Principal & Interest
$29.4K
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)
$0
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
$17.7K
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
10
/10
Southside Elementary School
1901 Webber St
Distance between this listing and this school2.34 miles
Public District Grades PK-5
8
/10
Phillippi Shores Elementary School
4747 S Tamiami Trl
Distance between this listing and this school3.12 miles
Public Magnet Grades PK-5
7
/10
Alta Vista Elementary School
1050 S Euclid Ave
Distance between this listing and this school3.25 miles
Public District Grades PK-5
Nearby Schools
7
/10
Sarasota School of Arts/Sciences
717 Central Ave
Distance between this listing and this school2.72 miles
Public Charter Grades 6-8
5
/10
Brookside Middle School
3636 S Shade Ave
Distance between this listing and this school2.83 miles
Public Magnet Grades 6-8
2
/10
Suncoast School for Innovative Studies
845 S School Ave
Distance between this listing and this school3.44 miles
Public Charter Grades PK-8
Nearby Schools
4
/10
Sarasota High School
2155 Bahia Vista St
Distance between this listing and this school2.84 miles
Public District Grades 9-12
4
/10
Sarasota Military Academy
801 N Orange Ave
Distance between this listing and this school2.96 miles
Public Charter Grades 6-12
5
/10
Sarasota Virtual Instruction Program
1960 Landings Blvd
Distance between this listing and this school3.17 miles
The neighbors living near this home have an average income of $93,873. Typical income of Sarasota, FL residents is between $100k-200k annually. Typical family type is single, 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 495 Mckinley Dr
What is the listing price of this property?
The listing price of 495 Mckinley Dr property is $5,900,000.
What type of property is this?
The property 495 Mckinley Dr is a house located in Sarasota, Florida, 34236.
Is this property for sale now?
Active Listing: 495 Mckinley 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 $27,562 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on February 9, 1998 for $1,135,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 495 Mckinley Dr has 4 bedrooms and 5 full and 1 half bathrooms.
What is the square footage of this property?
The property 495 Mckinley Dr is 3,903 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 495 Mckinley Dr is 1993.
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 495 Mckinley Dr in Sarasota, FL and zip code 34236 in the Lido Key neighborhood. This 3,903 square foot home, which was built in 1993, sits on a 0.35 acre lot. Features: 4 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since September 16, 2024 and is currently priced at $5,900,000.
Sarasota, FL housing market in November 2024 saw over 12 listings sold above listed price, more than 48 sold at listed price and over 237 sold below. The number of homes for sale in Sarasota, FL increased by 9.7% between October 2024 and November 2024. While the average time on the market in November 2024 was 76 days, the median list price was $515,531.
From Rocket Homes Real Estate and based on county public records data.