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For salePrice cut: $350K (9/15)
$5,650,000
4beds
4,964sqft

1516 RIDGEWOOD LANE, SARASOTA, FL 34231

4beds
4,964sqft
Single family residence
Built in 2004
0.29 Acres
3 Attached garage spaces
$1,138 price/sqft

What's special

Newer dockDesigner refrigerationIntegrated securityExpansive terracesMultiple wireless access pointsNew plumbingSophisticated interiors

Some homes are built. Others are envisioned. 1516 Ridgewood is the result of an uncompromising pursuit of excellence—a California Pacific Palisades-inspired waterfront estate where timeless architecture, extraordinary craftsmanship, and Sarasota's coveted boating lifestyle converge into one remarkable residence. Completely reimagined with virtually every surface, system, and space thoughtfully transformed, this exceptional home was designed to live as beautifully as it looks. Sunlight pours through expansive impact glass, illuminating sophisticated interiors where clean architectural lines, custom finishes, and seamless indoor-outdoor living create an atmosphere of effortless elegance. Every detail reflects a commitment to quality rarely found in today's market. Anchoring the home is a spectacular chef's kitchen designed for both culinary excellence and unforgettable entertaining. An extraordinary suite of Wolf and Sub-Zero appliances—including an eight-burner gas range with griddle, built-in coffee system, Cove dishwasher, designer refrigeration, oversized pantry, and a dramatic entertaining bar—is complemented by custom cabinetry, multiple beverage centers, ice makers, and a stunning temperature-controlled glass wine room worthy of the finest private collections. The primary suite offers a tranquil retreat inspired by the world's finest luxury resorts, while beautifully redesigned guest suites provide exceptional comfort and privacy. Throughout the residence, Turkish shell stone flooring, TruStile doors, EMTEK hardware, floating custom cabinetry, Level 5 wall finishes, and designer appointments create an understated elegance that feels both warm and sophisticated. Behind the walls lies a level of engineering that is seldom seen. A state-of-the-art Josh AI automation system seamlessly integrates lighting, climate, security, audio, and mechanical systems into one intuitive platform, placing the entire home at your fingertips. Whole-home True Audio speakers, buried fiber connectivity, dedicated IT infrastructure, multiple wireless access points, and integrated security provide technology equal to the home's extraordinary design. Constructed with longevity in mind, the residence showcases impact-rated windows and doors, concrete block construction, spray foam insulation, a standing seam metal roof, elevated mechanical systems, new electrical service, new plumbing, new water and sewer infrastructure, WiFi-enabled tankless water heaters, and countless improvements that reflect an unwavering commitment to enduring quality. Outside, the boundaries between home and resort disappear. A completely reimagined pool, expansive terraces, architectural ceilings, lush tropical landscaping, dramatic landscape lighting, and a fully appointed Wolf outdoor kitchen create an extraordinary backdrop for entertaining beneath Sarasota's spectacular sunsets. For boating enthusiasts, the experience is simply unmatched. With newly dredged water access, newer dock, and no bridges to Sarasota Bay, spontaneous afternoons on the water and unforgettable Gulf sunsets become part of everyday life. More than a luxury residence, 1516 Ridgewood is a home that inspires. It is the rare combination of visionary design, uncompromising construction, intelligent technology, and an incomparable waterfront setting—created for those who believe true luxury is measured not only by beauty, but by the extraordinary way a home makes you feel.

58 days
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1,322
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67
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Source: Stellar MLS,MLS#: A4701487MLS LogoOriginating MLS: Sarasota - Manatee
Travel times

Family Room

Kitchen

Dining Room

Zillow last checked:

Listing updated:

Listed by:

Natalie Gutwein 941-993-2660,

MICHAEL SAUNDERS & COMPANY 941-951-6660,

Madison Brown 941-773-7660,

MICHAEL SAUNDERS & COMPANY

Source: Stellar MLS,MLS#: A4701487MLS LogoOriginating MLS: Sarasota - Manatee

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 4
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1
Rooms
  • Room types: Den/Library/Office
Primary bedroom
  • Features: Walk-In Closet(s)
  • Level: First
Bedroom 1
  • Features: Built-in Closet
  • Level: First
Bedroom 2
  • Features: Built-in Closet
  • Level: Second
Bedroom 3
  • Features: Built-in Closet
  • Level: Second
Kitchen
  • Level: First
Living room
  • Level: First
Heating
  • Central
Cooling
  • Central Air
Appliances
  • Included: Bar Fridge, Oven, Dishwasher, Disposal, Ice Maker, Microwave, Refrigerator, Tankless Water Heater, Wine Refrigerator
  • Laundry: Laundry Room
Features
  • Smart Home, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s), Wet Bar
  • Flooring: Other
  • Doors: Outdoor Grill, Outdoor Kitchen
  • Has fireplace: No
Interior area
  • Total structure area: 6,520
  • Total interior livable area: 4,964 sqft
Video & virtual tour

Property

Parking
  • Total spaces: 3
  • Parking features: Electric Vehicle Charging Station(s), Garage Door Opener, Split Garage
  • Attached garage spaces: 3
Features
  • Levels: Two
  • Stories: 2
  • Exterior features: Irrigation System, Outdoor Grill, Outdoor Kitchen, Rain Gutters
  • Has private pool: Yes
  • Pool features: In Ground
  • Has spa: Yes
  • Spa features: In Ground
  • Has view: Yes
  • View description: Water, Bay/Harbor - Full
  • Has water view: Yes
  • Water view: Water,Bay/Harbor - Full
  • Waterfront features: Bay/Harbor, Bay/Harbor Access, Bridges - No Fixed Bridges
  • Body of water: SARASOTA BAY
Lot
  • Size: 0.29 Acres
  • Features: In County
  • Residential vegetation: Mature Landscaping
Details
  • Parcel number: 0106010051
  • Zoning: RSF2
  • Special conditions: None

Construction

Type & style
  • Home type: SingleFamily
  • Architectural style: Coastal,Contemporary
  • Property subtype: Single Family Residence
Materials
  • Stucco
  • Foundation: Slab
  • Roof: Metal
Condition
  • Completed
  • New construction: No
  • Year built: 2004

Utilities & green energy

  • Sewer: Public Sewer
  • Water: Public
  • Utilities for property: Cable Connected, Electricity Connected, Propane, Public, Sewer Connected, Water Connected

Community & HOA

Community
  • Security: Security System
  • Pet fee: $0 monthly
  • Subdivision: AQUALANE ESTATES 3RD
HOA
  • Has HOA: No
Location
  • Region: Sarasota

Financial & listing details

  • Price per square foot: $1,138/sqft
  • Tax assessed value: $2,284,500
  • Annual tax amount: $27,503
  • Date on market: 8/6/2026
  • Cumulative days on market: 58 days
  • Ownership: Fee Simple
  • Total actual rent: 0
  • Electric utility on property: Yes
  • Road surface type: Paved

Price history

DateEventPrice
9/15/2026Price change$5,650,000-5.8%$1,138/sqft
Source: Stellar MLS #A4701487
8/6/2026Listed for sale$6,000,000+183.7%$1,209/sqft
Source: Stellar MLS #A4701487
1/28/2025Sold$2,115,000+163346.7%$426/sqft
Source: Stellar MLS #O6263589
6/18/2024Sold$1,294-100%
Source: Public Record
5/10/2024Listing removed--
Source: Zillow Rentals
4/21/2024Listed for rent$5,997-14.3%$1/sqft
Source: Zillow Rentals
1/18/2024Listing removed--
Source: Zillow Rentals
1/5/2024Price change$6,997-12.5%$1/sqft
Source: Zillow Rentals
12/28/2023Listed for rent$7,997+100.1%$2/sqft
Source: Zillow Rentals
11/28/2018Listing removed$3,997$1/sqft
Source: Bright Realty
11/18/2018Listed for rent$3,997-33.4%$1/sqft
Source: Bright Realty
8/21/2018Listing removed$5,997$1/sqft
Source: Key Realty
7/20/2018Listed for rent$5,997$1/sqft
Source: Key Realty
1/3/2007Sold$3,150,000+28.6%$635/sqft
Source: Public Record
7/1/2004Sold$2,450,000+233.3%$494/sqft
Source: Public Record
11/1/2002Sold$735,000$148/sqft
Source: Public Record

Public tax history

YearProperty taxesTax assessment
2025$27,504 -1.6%$2,284,500 +4.2%
2024$27,945 -2.6%$2,192,226 +10%
2023$28,700 +7.3%$1,992,933 +10%
2022$26,749 +23.3%$1,811,757 +10%
2021$21,701 +8.7%$1,647,052 +10%
2020$19,955 +12.6%$1,497,320 +10%
2019$17,727 $1,361,200 -5.3%
2018$17,727 -5.2%$1,437,100 -3.7%
2017$18,707 +1.5%$1,493,000 +5.3%
2016$18,432 $1,417,500 +3.1%
2015$18,432 +14.5%$1,374,500 +16%
2014$16,102 -5.5%$1,184,832
2013$17,046 +8%$1,184,832 +10%
2012$15,789 +15.1%$1,077,120 +10%
2011$13,717 -10.2%$979,200 -7.9%
2010$15,269 -36.8%$1,063,000 -32.4%
2009$24,151 $1,571,900 -16.3%
2008$24,151 -17.5%$1,878,400 -16%
2007$29,262 $2,237,300 +18.3%
2006-- $1,891,865 +3.1%
2005-- $1,835,500 +142.9%
2004$11,227 +18.1%$755,700 +22.1%
2003$9,511 +184.6%$619,000 +187%
2002$3,342 +2.8%$215,650 +1.6%
2001$3,250 +2.8%$212,254 +3%
2000$3,160 $206,072

Find assessor info on the county website

Monthly payment

Est. payment
$37,223/mo
Principal & interest
$31243
Property taxes
$5980
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Estimated market value

Not available

Estimated sales range

Not available

Not available

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: 34231

Nearby schools

Phillippi Shores Elementary School
Grades PK-5 • 1.7 miles
9/10
GreatSchools® Rating
Test Score Rating
9/10
Student Progress Rating
9/10
Brookside Middle School
Grades 6-8 • 2.8 miles
6/10
GreatSchools® Rating
Test Score Rating
6/10
Student Progress Rating
6/10
Riverview High School
Grades PK,9-12 • 1.7 miles
7/10
GreatSchools® Rating
Test Score Rating
6/10
College Readiness Rating
8/10
Student Progress Rating
6/10