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$4,950,000

1541 CARIBBEAN DRIVE, SARASOTA, FL 34231

3D Tour
Active125 days on market

Beds

5

Baths

6

Sq Ft

6,035 sq ft

Year Built

2004

Lot Size

0.45 acres

Garage

4

About This Property

Perfectly positioned on approximately 130 feet of deep sailboat water, this exceptional waterfront estate offers an extraordinary opportunity to experience the very best of Sarasota’s luxury lifestyle. Encompassing over 6,100 square feet, the residence was thoughtfully designed to balance grand-scale entertaining with comfortable everyday living. A dramatic two-story living room, sweeping staircase, extensive custom millwork, and walls of glass create a sense of timeless elegance while framing breathtaking water views throughout the home. The gourmet kitchen serves as the heart of the residence, seamlessly connecting to multiple gathering spaces and opening effortlessly to the expansive waterfront terrace. Corner sliding glass doors dissolve the boundaries between indoors and out, revealing a resort-style infinity-edge pool, summer kitchen, covered entertaining areas, and sparkling bay views beyond. The luxurious primary suite is a private waterfront retreat featuring a separate dressing room, generous dual closets, and serene water vistas. Additional guest suites provide exceptional comfort and privacy for family and visitors alike. Designed for both recreation and relaxation, the home also features a private office/library, elevator access, media and game room with full bar, and a four-car split garage. Outside, the lifestyle continues with a private dock, boat lift, fishing pier, and immediate access to Sarasota Bay. Whether enjoying sunset cruises, waterfront dining, or simply relaxing poolside while watching dolphins and boats pass by, every day feels like a vacation. Rarely does a property combine this level of space, waterfront presence, boating access, and location. Just minutes from downtown Sarasota, St. Armands Circle, and the area’s renowned beaches, this is a home designed for those who expect the very best.

Property Overview

Property TypeResidential
Sub TypeSingle Family Residence
MLS #A4695466
StatusActive
Year Built2004
Total Rooms6
ConstructionStucco
RoofTile
FoundationSlab
FacesSoutheast
SubdivisionCORAL COVE
CountySarasota
OwnershipFee Simple

Interior Features

InteriorBuilt-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Coffered Ceiling(s), Crown Molding, Eating Space In Kitchen, High Ceilings, Thermostat, Tray Ceiling(s), Walk-In Closet(s), Wet Bar
FlooringCarpet, Ceramic Tile, Travertine, Hardwood
AppliancesBar Fridge, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Microwave, Range Hood, Washer, Wine Refrigerator
LaundryInside, Laundry Room
CoolingCentral Air
HeatingCentral, Electric
FireplaceYes ()

Exterior & Lot

ExteriorBalcony, Irrigation System, Outdoor Grill, Outdoor Kitchen, Outdoor Shower, Sliding Doors
Lot Size0.45 acres (19,785 sq ft)
Road SurfacePaved

Pool & Spa

Private PoolYes
Pool FeaturesIn Ground
SpaIn Ground

Waterfront

WaterfrontYes
FeaturesBay/Harbor

Utilities

WaterPublic
SewerSeptic Tank
UtilitiesCable Available, Electricity Connected, Phone Available, Sewer Connected, Sprinkler Recycled, Water Connected

Parking

GarageYes (4 spaces)

HOA & Community

HOANo
Senior CommunityNo

Financial Details

List Price$4,950,000
Original Price$5,500,000
Annual Taxes$41,012 (2025)
ZoningRSF1
Parcel #0110070016

Directions

US-41 (Tamiami Trail), head south past Stickney Point Road. Turn right (west) onto Caribbean Drive and continue into the Coral Cove neighborhood. Follow Caribbean Drive toward the water; the home will be on the right-hand side near the end of the street.

Location

1541 CARIBBEAN DRIVE, SARASOTA, FL 34231

Listing Information

OfficeCOLDWELL BANKER REALTY
ListedJune 4, 2026

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Home Price

$4,950,000

20% ($990,000)
6.75%

Loan Term

Principal & Interest$25,684
Property Tax (est.)$4,538
Insurance (est.)$150
Total Monthly$30,372
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Financing a Luxury Home

Specialized financing for this $4,950,000 property in SARASOTA. Luxury purchases typically require jumbo or portfolio lending.

💎

Jumbo Loan

$495,000 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

$742,500 Down

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

🔑

Bridge Loan

$990,000 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 7, 2026.

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