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$5,495,000

701 TYLER DRIVE, SARASOTA, FL 34236

3D Tour
Active267 days on market

Beds

4

Baths

4

Sq Ft

3,832 sq ft

Year Built

1977

Lot Size

0.30 acres

Garage

2

About This Property

An Exquisite Bayfront Residence on Prestigious Lido Key, Sarasota. This meticulously reimagined two-story bayfront masterpiece embodies the pinnacle of sophisticated coastal living. Offering 3,832 square feet of thoughtfully designed interior space which was fully renovated in 2017, including impact-resistant doors and windows and a new roof. The residence features 4 ensuite bedrooms, a state-of-the-art 2025 gourmet kitchen, designed for discerning entertainers, showcases premium appliances, custom cabinetry, and an expansive island that serves as the heart of the open-plan living areas. The new elegant flooring unifies the bright, voluminous interiors. The second story includes a spacious home office with views over the pool to the bay. Beyond the interiors lies a private waterfront sanctuary: a heated saltwater pool overlooks an expansive floating dock, ideally suited for vessels of varying sizes, kayaks, or paddleboards. Unobstructed sailboat access invites effortless exploration of the bay and beyond. Additional conveniences include a spacious two-car garage, proximity to downtown Sarasota's vibrant cultural scene, a 15-minute drive to Sarasota-Bradenton International Airport. Close by is the pristine sands of Lido Beach with the most spectacular sunsets and moments away is St. Armands Circle's dining and shopping. Framed by the preserved mangroves of Otter Key, the sheltered waters host an abundance of marine life, dolphins, manatees, and graceful wading birds frequently enchant residents with their presence. This extraordinary property represents a rare harmony of tranquil waterfront serenity, impeccable modern enhancements, and unparalleled proximity to Sarasota's finest amenities—an enduring legacy of refined coastal elegance. Independently certified appraisal on 03/05/2026 by Birkholz Appraisal Group: Value by sales comparison approach $5.9M and Value by cost approach $6.2M

Property Overview

Property TypeResidential
Sub TypeSingle Family Residence
MLS #A4676329
StatusActive
Year Built1977
Stories2
Total Rooms3
ConstructionBlock, Stucco, Wood Frame
RoofMetal
FoundationSlab
FacesSouth
SubdivisionLIDO BEACH DIV B
CountySarasota
OwnershipFee Simple
FurnishedNegotiable

Interior Features

InteriorThermostat, Walk-In Closet(s)
FlooringVinyl, Hardwood
AppliancesBar Fridge, Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
LaundryLaundry Room
CoolingCentral Air
HeatingElectric, Heat Pump

Exterior & Lot

ExteriorFire Pit, Garden, Irrigation System, Outdoor Grill, Private Yard, Sliding Doors
Lot Size0.30 acres (12,888 sq ft)
Road SurfaceConcrete

Pool & Spa

Private PoolYes
Pool FeaturesGunite, Heated, In Ground, Salt Water

Waterfront

WaterfrontYes
FeaturesBay/Harbor

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesCable Connected, Electricity Connected, Natural Gas Connected

Parking

GarageYes (2 spaces)

HOA & Community

HOANo
Senior CommunityNo

Financial Details

List Price$5,495,000
Original Price$6,400,000
Annual Taxes$26,279 (2025)
ZoningRSF1
Parcel #2016060062

Schools

ElementarySouthside Elementary
MiddleBooker Middle
HighBooker High

Directions

From I-75 North, take Exit 210 toward University Parkway/FL-CR 610 West. Head west on University Parkway/CR-610 toward Sarasota (this is a main route into the city). Continue straight as University Parkway becomes US-41 (Tamiami Trail) heading into Sarasota. From US-41, follow signs for State Road 789/John Ringling Causeway — this will take you west toward Lido Key and St. Armands Circle by crossing the John Ringling Causeway Bridge over Sarasota Bay. Wikipedia After crossing onto Lido Key, continue on St. Armands Circle Drive and follow local streets toward the beachfront neighborhoods. Turn toward Tyler Drive (local Lido Key roads), then navigate to 701 Tyler Drive near the waterfront area

Location

701 TYLER DRIVE, SARASOTA, FL 34236

Listing Information

OfficeCOLDWELL BANKER REALTY
ListedJanuary 12, 2026

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Home Price

$5,495,000

20% ($1,099,000)
6.75%

Loan Term

Principal & Interest$28,512
Property Tax (est.)$5,037
Insurance (est.)$150
Total Monthly$33,699
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Nearby Schools

Financing a Luxury Home

Specialized financing for this $5,495,000 property in SARASOTA. Luxury purchases typically require jumbo or portfolio lending.

💎

Jumbo Loan

$549,500 Down

For homes exceeding conforming loan limits. Typically requires 10-20% down, strong credit, and reserves.

🎖️

VA Jumbo

$0 Down

VA-eligible borrowers can go above conforming limits with zero down in many cases.

🏦

Portfolio Loan

$824,250 Down

Held by the lender, not sold. Flexible terms for high-net-worth buyers with non-traditional income.

🔑

Bridge Loan

$1,099,000 Down

Short-term financing to buy before selling. Ideal for move-up buyers in competitive markets.

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: October 6, 2026.

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