540 N Washington Dr

$1,800,000, 4 Beds 5 Baths 3,836 Sqft .37 Acres 2 Garages

About This Property

This home is ideal for an investor or developer who wishes to invest at today's price. Tenant is in place until June, 2019. As is, no inspections, no visits. The seller will consider financing. A desirable and convenient location to the world renowned St. Armand's Circle and to Lido Beach. Perfect either for a buyer looking to build their dream house within very close proximity to this fabulous location with their own boat dock or an investor. Property has generated consistent 4%-5% return over 5 years based on an annual unfurnished lease at $7,900/mo or furnished monthly seasonal lease of $10,000/mo during high season and $5,000/mo during low season. Minimum rental period is 8 days. This ranch style waterfront home is poised on a wide canal for the boating enthusiast. The covered boathouse is in pristine condition complete with a unique roofed boat-lift, as well as water and electrical service. Home features include all ground-floor level surface for those with reduced mobility, wood and tile floors, a remodeled kitchen, a gorgeous living room with a fireplace and 3 bedrooms on the first level. The ideal bedroom layout is perfect for live-in help or as a separate granny/mother-in-law flat. The oversized family room can accommodate a large family and has windows and views onto the canal and heated pool. The low maintenance yard has a deep well and includes a separate pool house with storage and a pool bath. Partially remodeled in 2011, with a new kitchen layout, AC, hurricane windows and pool deck.

Essential Information

MLS® #A4197524
Price$1,800,000
Bedrooms4
Bathrooms5.00
Full Baths5
Square Footage3,836
Acres0.37
Year Built1951
TypeResidential
Sub-TypeSingle Family Home
StatusActive

Community Information

Address540 N Washington Dr
AreaSarasota
CitySarasota
CountySarasota County
StateFL
Zip Code34236

Subdivision

Saint Armands Div John Ringling Estates

Amenities

# of Garages2
Garages2 Car Garage
Is WaterfrontYes
WaterfrontCanal-salt
Has PoolYes

Utilities

BB/HS Internet Avail, Cable Available, City Water, Electric, Private sewer, Private Utilities, Sprinkler Well

View

Close to Bus, Flood Zone, Garden View, In City Limits, Pool View, Sidewalk, Street Paved, Wooded View

Interior

CoolingCentral, Zoned/Multiple
FireplaceYes

Interior Features

Attic, Blinds/Shades, BuiltinFeatures, Crown Molding, Inside Utility, Smoke Alarm(s)

Appliances

Built In Oven, Cook Top Only, Convection Oven, Dishwasher, Hot Water Electric, Microwave, Oven - Double, Range Hood, Refrigerator

Heating

Central, Fuel - Electric, Zoned/Multiple

Fireplaces

Living Room, Wood Burning Fireplace

Stories

Detached, Split Level, Two Story

Exterior

ExteriorBlock, Stucco
Lot Description1/4 Acre to 21779 Sq. Ft.
RoofTile
FoundationSlab

Exterior Features

Fenced, Hurricane Shutters, Irrigation System, Mature Landscaping, Other, Outdoor Lights, Patio/Porch/Deck Open, Sliding Doors, Storage, Xeriscape

School Information

ElementarySouthside
MiddleBooker Middle
HighBooker

Additional Information

Days on Market52
ZoningRSF2

Listing Details

OfficeSARASOTA REAL ESTATE SERVICES

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Listing data comes from My Florida Regional MLS.

Listing information last updated on November 24th, 2017 at 6:48pm EST.

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