5 months on rocket

5500 Merrimac Dr, Sarasota, FL, 34231

$2,140,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
4 Full Baths
2,790 SqFt
$767/SqFt
House

Location

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5500 Merrimac Dr, Sarasota$2,140,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Attached Garage2 spaces
Year Built1974
HeatingCentral, Electric
CoolingCentral Air, Zoned
WaterfrontBayou, Canal
FireplaceWood Burning
ViewWater
Private PoolYes
MLS #A4612434
Lot Size0.61 Acres
StatusActive

About 5500 Merrimac Dr

One or more photo(s) has been virtually staged. PRIVATE WATERFRONT PENINSULA! This property is the quintessential location for living an incredible Florida lifestyle. The home itself is unique, offering space that lends itself to anything you can imagine. With four bedrooms, some of which can be configured to other uses, and 4 full baths, this home is made for entertaining. But you may find the pièce de résistance is outside, as the oversized .61-acre lot is beautifully situated on two waterways just off Phillippi Creek. With over 400 feet of private water frontage, this property is truly your tropical oasis, quiet and peaceful, yet close to everything you need. The house itself has been continuously updated from 2017-2024. Exploring the interior, you will find a great room with a dual sided wood burning fireplace, large, updated kitchen with stainless steel appliances, farmhouse sink and pot filler. With 3 bedrooms on the first floor (one en-suite), and a master suite on the 2nd floor, there is room for residents and guests alike. The balcony off the 2nd floor provides gorgeous views, morning and night, with big blue-sky views to sunrises and sunsets. Want to feel like you are on vacation every day of the year? This home is made for tropical living. It has an outdoor tiki hut with a bar and grill, 2 outdoor fire pits, 5 zone outdoor exterior low voltage automatic night lighting, a pool, spa and boat lift. Other upgrades include a new boat house in 2019, new seawall in 2023/2024, two new A/C in 2019, and septic to sewer conversion in 2018. Tucked away at the end of cul-de-sac in Phillippi Gardens, the location is ideal, While the neighbor is private and quiet, it is close to The Landings and other shopping and eatery venues, a short bike ride to Gulf beaches, and not far from the vibrant downtown of Sarasota and all its cultural and recreational offerings. You truly must see this amazing property to appreciate all it has to offer.

Property Details

Property Features

Property Information:

  • Year Built: 1974
  • Living Area: 2,790 SqFt

Listing Office:

  • Office Name: COLDWELL BANKER REALTY
  • Office Phone: (941) 383-6411
  • Listing Agent: Steve Abbe

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Flooring Type: Carpet, Vinyl
  • Interior: Ceiling Fans(s)
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: Bayou, Canal
  • View: Water
  • Exterior: Balcony, Outdoor Kitchen, Sliding Doors

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot: Cul-De-Sac
  • Lot Size: 0.61 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Zoned

Other

Directions Information:

  • Directions: Rte. 41/Tamiami Trail to Constitution Blvd. East on Constitution. Left on Merrimac to address.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,140,000
  • Price Per SqFt: $767/SqFt

Tax Information:

  • Annual Amount: $5,936
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Sarasota, FL.

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Sarasota, FL

City

Med. Sold Price

$520.7K

Med. Price/SqFt

$305

Avg. Days On Market

62

# of Sold Homes

302

5500 Merrimac Dr vs Sarasota

167 DAYS ON ROCKET

+105 Days

$2,140,000

+$1.6M More

$767/SqFt

+$462 More

KEY TAKEAWAY

This property is $1.6M more than the Median Sold Price and $462/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: #A4612434

Listing Office:

  • Office Name: COLDWELL BANKER REALTY
  • Office Phone: (941) 383-6411
  • Listing Agent: Steve Abbe

IDX 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.

IDX 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: 11/14/2024, 10:49:48 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

Jul 21, 2017Home Sold
$450,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,936$444,141
2019$5,640$424,639
2018$5,369$416,721
2017$3,977$302,391

History based on county public records data.

Payment Calculator

$10.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,482

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.

Nearby Schools

school-card-donut-382664
8
/10

  • Phillippi Shores Elementary School

  • 4747 S Tamiami Trl

  • 0.81 miles

  • Public Magnet Grades PK-5

school-card-donut-382665
6
/10

  • Gulf Gate Elementary School

  • 6500 S Lockwood Ridge Rd

  • 1.30 miles

  • Public District Grades PK-5

school-card-donut-382666
5
/10

  • Wilkinson Elementary School

  • 3400 Wilkinson Rd

  • 1.82 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,571. Typical income of Sarasota, FL residents is between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Sarasota, FL

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Sarasota, FL.

Sarasota's housing market is diverse, offering a mix of single-family homes, condominiums, and townhouses that cater to a range of preferences and budgets. Architectural styles vary widely, with a notable presence of Mediterranean-inspired designs alongside modern and contemporary structures. The area has seen a steady growth in new developments, particularly in the condominium sector, which adds a modern touch to the city's skyline.

What is it like to live in Sarasota, FL?

Sarasota prides itself on its vibrant arts scene and cultural richness, with numerous galleries, theaters, and the renowned Ringling Museum of Art. The community's character is further enhanced by its proximity to pristine beaches and a variety of outdoor recreational activities, making it a desirable location for both retirees and families. Annual events like the Sarasota Film Festival and the Sarasota Music Festival celebrate the city's artistic heritage and community spirit.

Is it easy to get around Sarasota, FL without a car?

The city is served by a robust educational system, including multiple public and private schools that offer a range of educational programs. Sarasota Memorial Hospital stands as a major healthcare provider, offering comprehensive services from emergency care to specialized treatments. The public library system is well-established, providing residents with access to a wealth of knowledge and resources. Retail and dining options are plentiful, reflecting the local culture with a blend of international cuisines and boutique shopping experiences.

Transportation in Sarasota, FL.

Sarasota's transportation network includes a variety of options for residents and visitors. The Sarasota County Area Transit (SCAT) provides bus services with routes covering key areas of the city. For those who prefer private transport, ride-sharing services like Uber and Lyft are readily available. The city is also connected by several major roads, including Interstate 75 and U.S. Route 41, facilitating travel to nearby cities and attractions. Efforts to enhance walkability and bikeability are evident in the downtown area and along the scenic waterfront.

Frequently Asked Questions About 5500 Merrimac Dr

What is the listing price of this property?

The listing price of 5500 Merrimac Dr property is $2,140,000.

What type of property is this?

The property 5500 Merrimac Dr is a house located in Sarasota, Florida, 34231.

Is this property for sale now?

Active Listing: 5500 Merrimac 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 $5,936 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 21, 2017 for $450,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5500 Merrimac Dr has 4 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 5500 Merrimac Dr is 2,790 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5500 Merrimac Dr is 1974.

Rocket Homes›Florida›Sarasota County›Sarasota›34231›5500 Merrimac Dr

This home is located at 5500 Merrimac Dr in Sarasota, FL and zip code 34231. This 2,790 square foot home, which was built in 1974, sits on a 0.61 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 31, 2024 and is currently priced at $2,140,000.

In October 2024 more than 13 listings in Sarasota, FL were sold above the asking price. During the same period more than 47 listings were sold at asking price, while more than 242 were sold below. In October 2024 in Sarasota, FL there were 0.8% less homes for sale than in September 2024. The median list price of listings available in October 2024 was $520,718, while the average time on the real estate market was 62 days.

From Rocket Homes Real Estate and based on county public records data.

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