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For sale
    • Price cut: $88K (7/22)
    $1,597,000

    5500 MERRIMAC DRIVE, SARASOTA, FL 34231

    4beds
    2,790sqft
    : 
    $9,742/mo
    Get pre-qualified
    Single Family Residence
    Built in 1974
    0.61 Acres Lot
    $1,550,800 Zestimate®
    $572/sqft
    $-- HOA

    What's special

    Heated pool and spaBoat liftTwo fire pitsFour spacious bedroomsDual-sided wood-burning fireplaceExpansive great roomFarmhouse sink
    Live the Ultimate Florida Lifestyle in This Waterfront Paradise! Nestled in the heart of Phillippi Gardens, this extraordinary property offers the perfect blend of tranquility, luxury, and convenience. Set on an OVERSIZED .61-ACRE LOT WITH OVER 400 FEET OF PRIVATE WATER FRONTAGE. Along two serene waterways just off Phillippi Creek, this home is a true tropical oasis—peaceful and secluded, yet minutes from everything Sarasota has to offer. Inside, the residence showcases a flexible layout with FOUR SPACIOUS BEDROOMS, some easily adaptable for office, studio, or guest use, and FOUR FULL BATHROOMS making it ideal for hosting loved ones and guests. The interior has been thoughtfully updated from 2017 through 2024 blending modern comfort with timeless charm. Interior Highlights Include: An expansive great room with a DUAL-SIDED WOOD-BURNING FIREPLACE, a gourmet kitchen featuring stainless steel appliances, farmhouse sink and pot filler. Three bedrooms on the main level, including one en-suite, and a second-floor master suite with a PRIVATE BALCONY OFFERING BREATHTAKING SUNRISE AND SUNSET VIEWS. Step outside and feel like you're on vacation every day. The lush, tropical grounds are packed with resort-style amenities: Tiki hut with a full bar and grill, two fire pits, five-zone low-voltage night lighting creating a magical evening ambiance, heated pool and spa, boat lift, a new boathouse (2019) and new seawall (2023/2024). Additional Upgrades: Two new A/C units (2019), septic-to-sewer conversion (2018). Tucked away at the end of a quiet cul-de-sac, this home offers privacy without sacrificing accessibility. You're just a short bike ride to the Gulf beaches, near The Landings for shopping and dining, and minutes from downtown Sarasota’s vibrant arts and culture scene.
    146 days
    |
    1,623
    |
    113
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Steve Abbe 941-400-3969,

    COLDWELL BANKER REALTY 941-383-6411,

    Shannon Rocha 941-961-8739,

    COLDWELL BANKER REALTY

    Source: Stellar MLS,MLS#: A4684914MLS LogoOriginating MLS: Sarasota - Manatee

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 4
      Primary bedroom
      • Features: Built-in Closet
      • Level: Second
      • Area: 223.48 Square Feet
      • Dimensions: 14.8x15.1
      Bedroom 2
      • Features: Built-in Closet
      • Level: First
      • Area: 196.35 Square Feet
      • Dimensions: 16.5x11.9
      Bedroom 3
      • Features: Built-in Closet
      • Level: First
      • Area: 199.2 Square Feet
      • Dimensions: 16.6x12
      Bedroom 4
      • Features: Built-in Closet
      • Level: First
      • Area: 198.15 Square Feet
      • Dimensions: 16.11x12.3
      Balcony porch lanai
      • Level: First
      • Area: 741.6 Square Feet
      • Dimensions: 30.9x24
      Great room
      • Level: First
      • Area: 660.66 Square Feet
      • Dimensions: 23.1x28.6
      Kitchen
      • Level: First
      • Area: 159.85 Square Feet
      • Dimensions: 11.5x13.9
      Laundry
      • Level: First
      • Area: 72.99 Square Feet
      • Dimensions: 9x8.11
      Heating
      • Central, Electric
      Cooling
      • Central Air, Zoned
      Appliances
      • Included: Dishwasher, Microwave, Range, Refrigerator
      • Laundry: Inside
      Features
      • Ceiling Fan(s)
      • Flooring: Carpet, Vinyl
      • Doors: Outdoor Kitchen, Sliding Doors
      • Has fireplace: Yes
      • Fireplace features: Wood Burning
      Interior area
      • Total structure area: 4,133
      • Total interior livable area: 2,790 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage - Attached
      • Attached garage spaces: 2
      • Details: Garage Dimensions: 21x20
      Features
      • Levels: Two
      • Stories: 2
      • Exterior features: Balcony, Outdoor Kitchen
      • Has private pool: Yes
      • Pool features: In Ground
      • Has spa: Yes
      • Has view: Yes
      • View description: Water, Canal
      • Has water view: Yes
      • Water view: Water,Canal
      • Waterfront features: Bayou, Canal - Saltwater, Saltwater Canal Access, Lift
      • Body of water: PHILLIPPI CREEK
      Lot
      • Size: 0.61 Acres
      • Features: Cul-De-Sac
      • Residential vegetation: Mature Landscaping
      Details
      • Parcel number: 0086060021
      • Zoning: RSF2
      • Special conditions: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Stucco
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1974

      Utilities & green energy

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

      Community & HOA

      Community
      • Pet fee: $0 monthly
      • Subdivision: PHILLIPPI GARDENS 08
      HOA
      • Has HOA: No
      Location
      • Region: Sarasota

      Financial & listing details

      • Price per square foot: $572/sqft
      • Tax assessed value: $1,103,600
      • Annual tax amount: $6,536
      • Date on market: 3/4/2026
      • Cumulative days on market: 147 days
      • Listing terms: Cash,Conventional
      • Ownership: Fee Simple
      • Total actual rent: 0
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        $1,550,800

        $1.47M - $1.63M

        $7,305/mo

        Price history

        DateEventPrice
        7/22/2026Price change$1,597,000-5.2%$572/sqft
        Source: Stellar MLS #A4684914 Report a problem
        4/17/2026Price change$1,685,000-4.8%$604/sqft
        Source: Stellar MLS #A4684914 Report a problem
        11/11/2025Price change$1,770,000-5.6%$634/sqft
        Source: Stellar MLS #A4652628 Report a problem
        7/15/2025Price change$1,875,000-4.8%$672/sqft
        Source: Stellar MLS #A4652628 Report a problem
        5/17/2025Price change$1,970,000-12.2%$706/sqft
        Source: Stellar MLS #A4652628 Report a problem
        8/21/2024Price change$2,245,000-2.2%$805/sqft
        Source: Stellar MLS #A4612434 Report a problem
        7/17/2024Price change$2,295,000-4.4%$823/sqft
        Source: Stellar MLS #A4612434 Report a problem
        5/31/2024Listed for sale$2,400,000+433.3%$860/sqft
        Source: Stellar MLS #A4612434 Report a problem
        7/21/2017Sold$450,000$161/sqft
        Source: Public Record Report a problem
        6/1/2017Listed for sale$450,000$161/sqft
        Source: PREMIER SOTHEBYS INTL REALTY #A4187984 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,537 +3.7%$515,391 +4.7%
        2024$6,306 +3.4%$492,120 +3%
        2023$6,096 +3.1%$477,786 +3%
        2022$5,914 +0%$463,870 +3%
        2021$5,914 -0.4%$450,359 +1.4%
        2020$5,936 +5.2%$444,141 +4.6%
        2019$5,640 $424,639 +1.9%
        2018$5,640 +5%$416,721 +37.8%
        2017$5,369 +32.4%$302,391 -56.7%
        2016$4,055 $697,800 -8.9%
        2015$4,055 +0.1%$766,100 +166.5%
        2014$4,051 +0.1%$287,466
        2013$4,046 +2.1%$287,466 +1.7%
        2012$3,963 +4.8%$282,661 +3%
        2011$3,783 -1.7%$274,428 +1.5%
        2010$3,849 +7.7%$270,372 +2.7%
        2009$3,573 $263,264 +0.1%
        2008$3,573 -1.4%$263,001 +3%
        2007$3,625 $255,341 +2.5%
        2006-- $249,113 +3%
        2005-- $241,857 +3%
        2004$3,767 -1%$234,813 +1.9%
        2003$3,807 +0.7%$230,435 +2.4%
        2002$3,779 +7%$225,034 +1.6%
        2001$3,531 +3%$221,490 +3%
        2000$3,429 $215,039
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 34231

        Getting around

        28 / 100
        Car-Dependent
        29 / 100
        Some Transit
        45 / 100
        Somewhat Bikeable

        Nearby schools

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

        Source: Stellar 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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