• 941 724 4995
540 Washington Drive

540 Washington Drive

4 bedrooms
5 bathrooms
3,836 square feet under air
$1,800,000 U.S. dollars

540 Washington Drive Sarasota Florida 34236

Saint Armands Div John Ringlin...

Property Description

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.

Listing courtesy of Sarasota Real Estate Services.

Property Details


property type Single Family Home
water frontage Canal - Saltwater
waterfront length 150 ft.
water extras: Boathouse,Dock - Covered,Dock - Slip Deeded On-Site,Dock w/Electric,Dock w/Water Supply,Lift - Covered,Seawall - Concrete
lot size 0.37 acres
year built 1951
pool Swimming Pool
fireplace Fireplace
garage 2 Car Garage
taxes: $23,737
county: Sarasota
price per sq ft: $469
days on market 70
roof type: Tile
mls# A4197524

Community Information

Elementary School: Southside Elementary
Middle School:Booker Middle
High School: Booker High
community features ,Pool

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