1199 Westway DRIVE Sarasota, FL $ 12,000,000
1199 Westway DRIVE
$ 12,000,000
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1199 Westway DRIVE

Sarasota, FL, 34236
$ 12,000,000
Baths0.0

Monthly Estimate*

$ 83,824

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Studio

Lots and Land for sale in Sarasota, FL

for $12,000,000. The lot size is 0.41.

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.

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Lots and Land Active

Price

$ 12,000,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 54,590

Style

Lot Size

0.41

Town/City

Sarasota

County/Region

Sarasota

MLS | Web ID

A4587932

Features
General
Sewer Public Sewer
Utilities BB/HS Internet Available Cable Connected Electricity Available Public Sewer Connected Water Connected
Zoning RSF2
HOA 300
Association Fee Includes Recreational Facilities
Pets Allowed Yes
View Water
Tax Year 2023
Current Use Residential
Percent Ownership Fee Simple
Waterfront Features Gulf/Ocean Gulf/Ocean to Bay
Community Features Beach Area
Assoc Fee Paid Per Annually
County Sarasota
Property Type Land
Association Amenities Recreation Facilities
HOA / Comm Assn Y
Subdivision Name LIDO C
Facing Direction Northwest
Status Active
Directions From St. Armands Circle go north on John Ringling Parkway to left on Morningside Drive to right on Westway Drive.
High School Booker High
City SARASOTA
Buyer Agent Compensation 3%
Body of Water Gulf Of Mexico Sarasota Bay
MLS Area 34236 - Sarasota
Lot Size Square Feet 17743
Waterfront Y/N Yes
Street Name Westway
Listing Terms Cash Conventional
Elementary School Southside Elementary
Tax Annual Amount 54590.35
Middle/Junior High School Booker Middle
Public Remarks 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
Virtual Tour https://tours.coastalhomephotography.net/2190933?idx=1 https://tours.coastalhomephotography.net/2190933
Days on Market 147
Standard Status Active
Tax Lot 12
Legal Description LOT 12 LESS BEG NE COR OF LOT 12 TH SWLY ALG R/W OF WEST WAY DR 20 FT TH N 74-54-06 W 151 FT TO NEW PASS TH NELY TO NLY LINE OF LOT 12 TH S 69-40 E 138 FT ALG N LINE OF LOT 12 TO POB TOGETHER WITH
Water View Bay/Harbor - Partial Gulf/Ocean - Full Gulf/Ocean - Partial Gulf/Ocean to Bay
Water Access Type Gulf/Ocean Gulf/Ocean to Bay
Monthly HOA Amount 25
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Exterior
Lot Features Buildable CoastalConstruction Control Line
Water Source Public
Lot Size Area 17743
Lot Dimensions 196 x 121
Lot Size Acres 0.41
Road Surface Type Paved
Lot Size Units Square Feet
Road Frontage Type Street Paved City Street
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Interior
Street Suffix DRIVE
Total Baths 0
Living Area Units Square Feet
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* Excluded Features
List By
Douglas Elliman

Broker

lisa.morris@elliman.com

Email

Affordability Calculator

$88,373
Per Month
95%
5%
0%
Monthly Principal & Interest
$83,824
Monthly Property Taxes
$4,549
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3324930 Elementary School
265039 Middle School
Booker High High School
Pricing History
DatePricePrice ChangeDescription
11/9/2023$12,000,000 Listed Price

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1199 Westway DRIVE, Sarasota, FL, 34236 is a Lots and Land for sale at $12,000,000 with a lot size of 0.41. 1199 Westway DRIVE is a studio with 0.0 baths. The property's zip code is 34236 which is in Sarasota, FL