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540 N Washington Dr, Sarasota, FL 34236


  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 5 Full Baths
  • 3,836 Sq. Ft.
540 N Washington Dr, Sarasota, FL 34236 View this property at 540 N Washington Dr, Sarasota, FL 34236
540 N Washington Dr Sarasota FL 34236

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. 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.

Full Property Details for 540 N Washington Dr

  • Price: $1,800,000
  • Taxes: $23,737 (2016)
  • Status: Active
  • Type: Single Family
  • MLS ID: A4197524
  • Updated: 10/3/2017
  • Added: 21 day(s) ago

Property History

  • 540 N Washington Dr, Sarasota, FL
  • Listed at $1,800,000 on 10/2/17

Rental Information

  • Min. Lease: 1 Month


  • Number of Rooms: 7
  • Interior Features: Attic, Blinds/Shades, Built in Features, Crown Molding, Inside Utility, Smoke Alarm(S)
  • Fireplace(s): Living Room, Wood Burning Fireplace
  • Appliances/Equip: Built In Oven, Cook Top Only, Convection Oven, Dishwasher, Hot Water Electric, Microwave, Oven - Double, Range Hood, Refrigerator
  • Flooring: Ceramic Tile, Laminate, Wood



  • Total Bathrooms: 5
  • Full Bathrooms: 5


  • Total Bedrooms: 4

Additional Information

  • Pool: Yes
  • Private Pool: Yes
  • Security/Safety: Fire Resistant Exterior, Hurricane Shutters/Windows


  • Exterior Features: Fenced, Hurricane Shutters, Irrigation System, Mature Landscaping, Other, Outdoor Lights, Patio/Porch/Deck Open, Sliding Doors, Storage, Xeriscape


  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: 2 Car Garage
  • Garage Description: Attached, Guest Parking, Open Parking, Street Parking


  • Area: Sarasota
  • County: Sarasota
  • Township: 36
  • Subdivision: Saint Armands Div John Ringling Estates
  • Driving Directions: From John Ringling Blvd go halfway around St.Armands Circle. Turn right onto N Washington Dr. 540 is on your left. Or from John Ringling Blvd turn onto Blvd of the Presidents. Turn left on Madison Dr then turn left on N Washington. Home is on the right.
  • Location Details: Close to Bus Line, Flood Zone, Garden View, In City Limits, Pool View, Sidewalk, Street Paved, Wooded View

School Information

  • Elementary School: Southside Elementary
  • Middle School: Booker Middle
  • High School: Booker High


  • Community Name: Saint Armands Division John Ringling Estates
  • Home Owners Assn.: None

Heating & Cooling

  • Cooling Type: Central, Zoned/Multiple
  • Heating Type: Central, Electric, Multi-Zone


  • Utility Description: High Speed Internet Available, Cable TV Available, City Water, Electric, Private sewer, Private Utilities, Sprinkler Well

Structural Information

  • Description/Design: Detached, Split Level, Two Story
  • Structure Type: Single Family Home
  • Exterior Const.: Block, Stucco
  • Foundation: Slab
  • Roof: Tile
  • Square Feet: 3,836
  • Sq. Ft. Source: Public Records
  • Year Built: 1951

Lot Features

  • Lot Size (Acres): 0.37
  • Lot Size (Sq. Ft.): 16,000
  • Lot Features: 1/4 Acre to 21779 Sq. Ft.
  • Zoning: RSF2
  • Lot Description: Close to Bus Line, Flood Zone, Garden View, In City Limits, Pool View, Sidewalk, Street Paved, Wooded View

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Access: Yes
  • Water Access Desc: Canal - Saltwater
  • Water Extras: Yes
  • Water Extras Desc: Boathouse, Dock - Covered, Dock - Slip Deeded On-Site, Dock w/Electric, Dock w/Water Supply, Lift - Covered, Seawall - Concrete
  • Water Front Type: Canal - Saltwater
  • Water Front View: Canal
  • Water Front Feet: 150
  • Boat Dock Slip: Yes

Green Features

  • Energy Features: Energy Star Dishwasher
  • Green Features: Energy Star Dishwasher

Financial Considerations

  • Price Per Sq. Ft.: $469.24
  • Tax Amount: $23,737
  • Tax Year: 2016
  • Terms: Cash, Conventional, Other

Disclosures and Reports

  • Special Conditions: None
  • Legal Description: LOTS 3 & 4 BLK 9 ST ARMANDS DIVISION
  • Flood Zone: AYes3
  • APN: 2014120003
  • Plat: 2-30
  • Range: 17
  • Section: 34
  • Lot: 3
  • Block/Lot/Section: 9

Listed by Sarasota Real Estate Services

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540 N Washington Dr, Sarasota, FL 34236 (MLS# A4197524) is a Single Family property with 4 bedrooms and 5 full bathrooms. 540 N Washington Dr is currently listed for $1,800,000 and was received on October 02, 2017. Want to learn more about 540 N Washington Dr? Do you have questions about finding other Single Family real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.

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