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$319,000

5940 DRIFTWOOD AVENUE UNIT 15, SARASOTA, FL 34231

Active72 days on market

Beds

Baths

Sq Ft

1,155 sq ft

Year Built

1973

Lot Size

—

Garage

—

About This Property

Experience the ease of coastal living just minutes from the world-renowned shores of Siesta Key with this inviting, free-standing villa, an ideal retreat for buyers seeking comfort, convenience, and value. Perfectly positioned in Sarasota's desirable 34231 corridor, this residence offers a rare opportunity to enjoy the beach lifestyle without the premium price typically associated with island living. Designed for relaxed, low-maintenance ownership, the villa features a spacious, open-concept layout with abundant natural light, neutral finishes, and easy-care ceramic tile flooring throughout. Recent updates include new HVAC in 2024, roof 2019, water heater and Impact windows in 2022. The well-appointed kitchen provides ample cabinetry and workspace, flowing seamlessly into the main living and dining areas, with functionally elegant built-ins with storage, and perfect for entertaining or hosting seasonal guests. Generous bedroom accommodations offer privacy and comfort, while updated baths enhance the home's move-in-ready appeal. A highlight of the property is the private outdoor living space, ideal for morning coffee, evening cocktails, or simply enjoying the coastal breezes. Residents also enjoy serene sunsets on Sarasota Bay, access to community amenities such as a pool, clubhouse, and beautifully maintained grounds, perfect for a lock-and-leave seasonal.

Property Overview

Property TypeResidential

Sub TypeVilla

MLS #A4692199

StatusActive

Year Built1973

Stories1

Total Rooms4

ConstructionBlock, Concrete

RoofMembrane, Other

FoundationSlab

FacesEast

SubdivisionBAYWOOD COLONY SEC 1

CountySarasota

OwnershipCondominium

Interior Features

InteriorBuilt-in Features, Ceiling Fan(s), Crown Molding, Eating Space In Kitchen, High Ceilings, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments

FlooringCeramic Tile

AppliancesDishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator

LaundryLaundry Room, Other

WindowsENERGY STAR Qualified Windows, Low-Emissivity Windows

CoolingCentral Air

HeatingCentral

SecuritySecurity Lights, Smoke Detector(s)

Exterior & Lot

ExteriorCourtyard, Garden, Other, Private Entrance, Sliding Doors, Storage

Road SurfaceAsphalt

ViewGarden, Trees/Woods, Water

Utilities

WaterPublic

SewerPublic Sewer

UtilitiesCable Connected, Electricity Connected, Public, Sewer Connected, Street Lights, Underground Utilities, Water Connected

Parking

GarageNo

CarportYes

HOA & Community

HOAYes

Senior CommunityNo

Financial Details

List Price$319,000

Annual Taxes$2,407 (2025)

FinancingCash, Conventional, FHA, VA Loan

ZoningRMF2

Parcel #0105081015

Schools

ElementaryPhillippi Shores Elementary

MiddleBrookside Middle

HighRiverview High

Directions

South on 41/Tamiami from downtown, pass Phillippi Estate Park and make a right on Meadowood to right on Driftwood, Villa will be on your left.

Location

5940 DRIFTWOOD AVENUE UNIT 15, SARASOTA, FL 34231

Listing Information

OfficeMICHAEL SAUNDERS & COMPANY

ListedMay 4, 2026

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Home Price

$319,000

Down Payment20% ($63,800)

Interest Rate6.75%

Loan Term

Principal & Interest$1,655

Property Tax (est.)$292

Insurance (est.)$150

Total Monthly$2,098

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Nearby Schools

Elementary School

Phillippi Shores Elementary

View on GreatSchools →

Middle School

Brookside Middle

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High School

Riverview High

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How to Buy This Home

Multiple financing options available for this $319,000 home in SARASOTA.

🏛️

FHA Loan

$11,165 Down

Government-backed, low down payment. Credit scores as low as 580.

🎖️

VA Loan

$0 Down

Zero down for eligible veterans, active duty, and military families.

🏦

Conventional

$15,950 Down

Traditional financing. As low as 3-5% down with good credit.

Florida Down Payment Assistance Programs

You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.

Florida Hometown Heroes

Up to $35,000

First-time buyers working in FL

FL Assist

Up to $10,000

FHA, VA, or USDA borrowers

FL HLP Second Mortgage

Up to $10,000

First-time buyers, 0% deferred

Sarasota County SHIP

Varies

Income-qualifying Sarasota residents

Can You Afford This Home?

Quick check based on the 28% debt-to-income rule. Not a guarantee — just a starting point.

Full Calculator →First-Time Buyer Guide →VA Loan Guide →

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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: July 15, 2026.