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Off market
  • $9,441,600

    539 Norsota Way, Sarasota, FL 34242

    6beds
    8,964sqft
    Single Family Residence
    Built in 1952
    0.96 Acres Lot
    $9,441,600 Zestimate®
    $1,053/sqft
    $58,901 Estimated rent

    Home value

    $9,441,600

    $7.55M - $11.90M

    $58,901/mo

    Zestimate® history
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    $58,901/mo

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    $61,223/mo

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    $61,223/mo

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    What's special

    Described by Style Magazine as a "sprawling modern structure with a Bahamian flair," this nearly one acre of land with four-bedroom home, guest apartment and cabana is a one-of-kind iconic property which is an exquisite homage to luxury bayfront living. The 150' of direct bay frontage on the highly sought-after north end of Siesta Key is rumored to be the former site of the famed Bay Island Hotel, known for its glittering views of downtown Sarasota, the Ringling Bridge, and deep water boating - now yours to create your own masterpiece or restore the current characterful structures to their original glory. Multiple areas throughout the grounds and interior provide endless opportunities for entertaining and resort-style living, including a dramatic open-air pool terrace, meditative gardens, and an effortless open floorplan that boasts Southwestern, Bahamian and Mediterranean influences. Bright whites, soaring 22' beamed ceilings, walls of windows, and light Oak flooring all give the home a relaxing coastal ambiance and embrace the stunning postcard setting few get to experience. A main house features four spacious guest suites with unique historic details like claw-foot tubs, hand-painted frescos and palladium windows and the master suite is spa-like and splashed in natural light with a whirlpool tub, oversized walk-in closet and chic work station with beautiful bay views. Other outstanding spaces include a solarium that looks directly out to the pool, cabana and water; a red-brick kitchen with high-end stainless steel appliances from GE and SubZero; and a cozy media room with surround sound, leather seating and home theatre. A guest apartment and cabana make the home truly customizable to suit your lifestyle and family needs. Designed for those who wish to be indulged in comfort, luxury and style, this wonderful estate property is the perfect backdrop to a vibrant Sarasota lifestyle.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Originating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 7
    • Full bathrooms: 5
    • 1/2 bathrooms: 2
    Heating
    • central
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Refrigerator, Washer
    • Laundry: Laundry Room
    Features
    • Ceiling Fans(s), Eating Space In Kitchen, High Ceiling(s), Open Floorplan, Stone Counters, Walk-In Closet(s), Crown Molding, Solid Wood Cabinets, Built in Features, Vaulted Ceiling(s), Skylight(s), Wet Bar
    • Flooring: Tile, Carpet, Hardwood
    • Fireplace features: Living Room, Wood Burning, Family Room
    Interior area
    • Structure area source: Public Records
    • Total interior livable area: 8,964 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage
    Features
    • Levels: One
    • Patio & porch: Deck, Patio, Side Porch
    • Pool features: Gunite, In Ground, Lighting, Deck
    • Fencing: Other, Masonry
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Bay/Harbor
    • Body of water: SARASOTA BAY
    Lot
    • Size: 0.96 Acres
    • Dimensions: 284x150x253x164
    • Features: In City Limits, Oversized Lot, FloodZone, Flood Insurance Required
    • Residential vegetation: Mature Landscaping
    Details
    • Additional structures: Guest House, Other
    • Zoning: RSF1

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Custom
    • Property subtype: Single Family Residence
    Condition
    • Completed
    • Year built: 1952

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Sewer Connected, BB/HS Internet Available, Underground Utilities, Natural Gas Available

    Community & HOA

    Community
    • Security: Smoke Detector(s), Security System
    • Subdivision: Bay Island
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $1,053/sqft
    • Annual tax amount: $42,355
    • Listing terms: Cash, Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    3/16/2021Sold$7,000,000-6.7%$781/sqft
    Source: Stellar MLS #A4485407 Report a problem
    2/16/2021Pending sale$7,500,000$837/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4485407 Report a problem
    2/2/2021Price change$7,500,000-8.5%$837/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4485407 Report a problem
    12/15/2020Listed for sale$8,200,000$915/sqft
    Source: MICHAEL SAUNDERS & COMPANY #A4485407 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Bay Isle-Siesta

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Phillippi Shores Elementary
    • Middle: Brookside Middle
    • High: Sarasota High

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $9,441,600
    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
    $9,441,600