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Off market
  • $700,000

    5016 Riverwood Ave, Sarasota, FL 34231

    4beds
    3,186sqft
    SingleFamily
    Built in 1956
    0.42 Acres Lot
    $700,000 Zestimate®
    $220/sqft
    $7,146 Estimated rent

    Home value

    $700,000

    $637,000 - $770,000

    $7,146/mo

    Zestimate® history
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    Owner options

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    $7,146/mo

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    $7,146/mo

    Rent Zestimate®

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    $4,529/mo

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    $4,529/mo

    Est. payment

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    What's special

    One of more photo(s) have been virtually staged. This is the one you've been waiting for! Close to downtown and Siesta Key beach with NO deed restrictions situated on a large double lot. This mid century gem was once used as a pre-school and has been lovingly updated to preserve and enhance the appeal of the home and property. Four bedrooms and three baths along with an enormous bonus room with its own access make this the perfect home for a large or multi-generational family or work from home executive. The nearly half acre fenced homesite has loads of possibilities to add on or just spread out and relax. Rich 30x30 porcelain tiled floors greet you as you enter the light and bright great room and continue throughout the home. Views of the covered lanai, gazebo and heated pool are seen through a wall of windows in the great room bringing the outdoors in. A convenient 3rd bath is located just inside the home from the French door to the lanai making it accessible to guests utilizing the outdoor living space. The kitchen boasts an island with breakfast bar, butcher block countertops, updated appliances, an RO water system and designer glass front cabinets. The dining room has built in cabinetry and shelf space and there are two closet pantries giving you additional storage. The owners suite is incredible with a door to the pool area, perfect for midnight dips, and a walk in closet with built ins measuring 12x13! The master bath features an open walk-in shower with numerous shower heads, a soaking tub with wall mounted TV and dual vanities. The commode, urinal and a small vanity have their own private room. The 3 guest bedrooms are roomy and bright. Bedroom three features a Murphy bed and large walk in closet with built in dressers and shelving. Bath 2 has a walk-in shower with designer tiles, updated vanity & cabinetry and a blue tooth speaker system built in to the exhaust fan. The spacious indoor laundry has a door to the pool area, additional storage closet and a folding table for your convenience. Need a 5th bedroom, studio or a large work from home space? The bonus room conveniently placed on the opposite side of the home features bamboo floors, a wall of cabinet/closet space, its own small sink and measures 23x23. Its mini split A/C, a private entry door and a slider to the large side yard make it a wonderful flex space to fit your family's needs. The sparkling heated pool and roomy covered lanai area boasts an additional gazebo and coy pond stocked with friendly little fish. Take a dip and enjoy being surrounded by the tropical landscaping in the large fenced yard complete with storage shed. No deed restrictions so bring your boat or RV. The newer metal roof, A/C's, tankless water heater, upgraded electrical and newer windows with hurricane shutters give you added peace of mind. The location can't be beat! This size home and lot is truly a rare find this close to Siesta Beach and downtown. Near fabulous dining, shopping, cultural and entertainment venues Sarasota is famous for. Don't miss out, schedule your private showing today!

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Other
    Features
    • Flooring: Other, Hardwood, Laminate
    Interior area
    • Total interior livable area: 3,186 sqft

    Property

    Lot
    • Size: 0.42 Acres
    Details
    • Parcel number: 0085110019

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Wood
    • Roof: Metal
    Condition
    • Year built: 1956

    Community & HOA

    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $220/sqft
    • Tax assessed value: $510,600
    • Annual tax amount: $5,194

    Price history

    DateEventPrice
    12/28/2022Sold$620,000-14.5%$195/sqft
    Source: Public Record Report a problem
    12/28/2022Pending sale$725,000$228/sqft
    Source: RE/MAX International #A4550591 Report a problem
    12/28/2022Listing removed--
    Source: RE/MAX International Report a problem
    11/19/2022Pending sale$725,000$228/sqft
    Source: Stellar MLS #A4550591 Report a problem
    11/11/2022Listed for sale$725,000+222.2%$228/sqft
    Source: Stellar MLS #A4550591 Report a problem
    8/25/2016Sold$225,000$71/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,194 +8.1%$401,952 +7.9%
    2024$4,805 +4%$372,451 +3%
    2023$4,621 +24.7%$361,603 +28.1%
    2022$3,704 +6.4%$282,193 +9.5%
    2021$3,480 +14.2%$257,760 +8.8%
    2020$3,047 +2.7%$236,943 +2.3%
    2019$2,967 $231,616 +16.8%
    2018$2,967 +16%$198,347 +35.5%
    2017$2,559 -2.5%$146,385 -9.2%
    2016$2,625 $161,300 +16.5%
    2015$2,625 $138,400 +16.4%
    2014$2,625 $118,900
    Find assessor info on the county website

    Neighborhood: South Sarasota

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $700,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $700,000