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Off market
  • $1,087,000

    5520 Merrimac Dr, Sarasota, FL 34231

    3beds
    2,640sqft
    Single Family Residence
    Built in 1970
    0.48 Acres Lot
    $1,087,000 Zestimate®
    $412/sqft
    $6,789 Estimated rent

    Home value

    $1,087,000

    $957,000 - $1.24M

    $6,789/mo

    Zestimate® history
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    What's special

    Swaying coconut palms welcome you home to this two-story, waterfront, Key West in beautiful Sarasota, located at the end of a quiet street surrounded by newer or recently renovated homes. The private setting will impress you with its 247 feet of water frontage on almost a half-acre lot. From the party deck to the boat dock, this home does not disappoint. There is an impressive list of features, hard to find at this price point. The home has a cozy feel with a wood-burning fireplace and a wet bar in the family room, a breakfast bar in the kitchen and vaulted wood beam ceilings in the master bedroom. There's plenty of room for entertaining on the outside deck overlooking Coquina Pass and the fully screened patio and heated pool. An oversized screened deck off the master bedroom also offers pool access. Additionally, there is a formal dining room, an oversized two-car garage, a circular drive and a separate laundry room. It's a short boat ride from the private dock, with a 10,000 lb boat lift, to Sarasota Bay where you'll find great fishing, waterfront restaurants and private little coves and beaches that are only accessible by water. A 10-minute car ride takes you to world-famous Siesta Key with its powder white sands and a village full of little pubs and restaurants. You'll also be close to easy shopping and great schools. This home is in need of some updating but it has been lovingly maintained by its current owners for over 27 years.

    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: 3
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Forced air, Electric
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    • Laundry: Inside, Laundry Room
    Features
    • Ceiling Fans(s), Kitchen/Family Room Combo, Window Treatments, Wet Bar
    • Flooring: Tile, Carpet
    • Has fireplace: Yes
    • Fireplace features: Wood Burning
    Interior area
    • Structure area source: Public Records
    • Total interior livable area: 2,640 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    Features
    • Levels: Two
    • Patio & porch: Deck, Screened
    • Exterior features: Stucco
    • Pool features: Auto Cleaner, Gunite, In Ground, Screen Enclosure, Deck
    • Has spa: Yes
    • Spa features: Above Ground
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Canal - Brackish
    • Body of water: COQUINA PASS / PHILLIPPI CREEK
    Lot
    • Size: 0.48 Acres
    • Features: In County, Oversized Lot, Street Paved, FloodZone, Cul-de-sac, Street Dead-End, Flood Insurance Required
    • Residential vegetation: Trees/Landscaped
    Details
    • Parcel number: 0086060020
    • Zoning: RSF2

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Key West
    • Property subtype: Single Family Residence
    Materials
    • masonry
    • Foundation: Concrete
    • Roof: Metal
    Condition
    • Completed
    • Year built: 1970

    Utilities & green energy

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

    Community & HOA

    Community
    • Subdivision: PHILLIPPI GARDENS 08
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $412/sqft
    • Tax assessed value: $796,800
    • Annual tax amount: $9,794
    • Listing terms: Cash, Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    3/15/2021Sold$725,000-12.5%$275/sqft
    Source: Stellar MLS #A4486707 Report a problem
    1/11/2021Pending sale$829,000$314/sqft
    Source: PREMIER SOTHEBYS INTL REALTY #A4486707 Report a problem
    1/11/2021Listing removed--
    Source: Stellar MLS Report a problem
    12/21/2020Listed for sale$829,000+1.1%$314/sqft
    Source: PREMIER SOTHEBYS INTL REALTY #A4486707 Report a problem
    3/10/2017Listing removed$819,900$311/sqft
    Source: Premier Sotheby's International Realty #A4149332 Report a problem
    1/31/2017Price change$819,900-3.5%$311/sqft
    Source: Premier Sotheby's International Realty #A4149332 Report a problem
    11/28/2016Price change$849,900-1.2%$322/sqft
    Source: Premier Sotheby's International Realty #A4149332 Report a problem
    8/23/2016Price change$859,900+0.1%$326/sqft
    Source: Premier Sotheby's International Realty #A4149332 Report a problem
    3/21/2016Listed for sale$859,000$325/sqft
    Source: PREMIER SOTHEBY'S INTL. REALTY #A4149332 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,794 -3.7%$796,800 -3.4%
    2024$10,169 +2.9%$824,491 +3%
    2023$9,886 +2.1%$800,477 +3%
    2022$9,680 +140.6%$777,361 +160.2%
    2021$4,023 -0.1%$298,806 +1.4%
    2020$4,028 +3.3%$294,680 +2.3%
    2019$3,900 $288,055 +1.9%
    2018$3,900 +6.8%$282,684 +2.1%
    2017$3,653 -1.4%$276,870 -54.9%
    2016$3,706 $614,300 -9.2%
    2015$3,706 +0.1%$676,900 +170.6%
    2014$3,703 +5.5%$250,162
    2013$3,509 +2.3%$250,162 +1.7%
    2012$3,431 +4.7%$245,980 +3%
    2011$3,276 -1.8%$238,816 +1.5%
    2010$3,336 +6.9%$235,287 +2.7%
    2009$3,121 $229,101 +0.1%
    2008$3,121 -2%$228,872 +3%
    2007$3,185 $222,206 +2.5%
    2006-- $216,786 +3%
    2005-- $210,472 +3%
    2004$3,299 -1%$204,342 +1.9%
    2003$3,332 +0.4%$200,532 +2.4%
    2002$3,318 +7.1%$195,832 +1.6%
    2001$3,098 +2.9%$192,748 +3%
    2000$3,011 $187,134
    Find assessor info on the county website

    Neighborhood: 34231

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Phillippi Shores Elementary
    • Middle: Brookside Middle
    • High: Riverview 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
    $1,087,000
    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
    $1,087,000