Welcome to Vivre Le Rêve (Living The Dream), an unparalleled estate located on one of the most coveted streets on Bay Island at the northern tip of Siesta Key. Nestled on the Freeling Drive Peninsula, this property sits on one of Sarasota's most secure and picturesque deep-water basins, just moments away from the Gulf of Mexico, with no fixed bridges obstructing your path to open water. Crafted by the renowned architect Clifford Scholz and constructed by Perrone Construction, this fully customized and enchanting residence embodies the elevated coastal lifestyle you've always envisioned. Meticulously preserved by its original owners, Vivre Le Rêve boasts striking curb appeal, lush landscaping, and an impressive 69 feet of bay frontage. The home showcases impeccable craftsmanship and carefully selected natural materials, seamlessly blending coastal exteriors with modern interiors. With 5 bedrooms, 3 bathrooms, and 2 half baths, this residence invites you into a world of comfort and tranquility. Upon entry, the home welcomes you with custom moldings, coffered and trey ceilings, and expansive windows, creating an atmosphere of genuine warmth. The family room, kitchen, and bar area provide abundant spaces for entertaining. The kitchen features custom Campbell cabinetry, Quartz countertops, Sub-Zero appliances, and a Wolf Range. A butler's pantry and food pantry separate the kitchen from the formal dining room. The family room, adorned with a stone wall and gas fireplace, boasts 21' ceilings. On the main level, you'll discover a guest bedroom, an office with custom built-ins, a laundry room, powder room, and a full guest bath. A dedicated theatre room offers an unparalleled cinematic experience with 12 theatre seats, acoustically engineered walls, a Runco projector, and an adjustable screen. Moving to the second floor, the master suite immerses you in luxury, featuring an oversized sitting room with a gas fireplace, hinged mirrors for accessories, barn doors for privacy, and a private terrace with expansive water views. The master ensuite offers a spa-like experience with dual vanities, a soaker tub, walk-in shower, water closet, and an oversized walk-in closet with custom built-ins. Additionally, there are two more bedrooms, guest bathroom, a laundry room with sink and refrigerator, and ample storage on the second floor. The ground floor presents a 2.5 car garage with workshop and wired for a electric charging station. In additional there is an oversized garage suitable for an RV, boat, or additional vehicles. Stepping outdoors, you'll be captivated by the Florida living experience. The main level terrace features an outdoor kitchen, sitting area, and expansive dining area, all equipped with motorized retractable screens and storm shutters. A separate outdoor pool bath, in-ground jacuzzi, and outdoor shower enhance the outdoor amenities. Enjoy a dip in the saltwater pool or refine your golf skills on your personal 3-hole putting green in the backyard, which is astroturfed and equipped with Sonance speakers. The waterfront lifestyle is truly luxurious, with a dock and 69' of concrete seawall, accommodating up to a 60' yacht, a 24,000lb boat lift, and a davits for a 16' boat. Numerous other features make this residence the epitome of Coastal Luxury Living, where you are unquestionably Living The Dream!
Pre-foreclosure
Est. $8,453,900
799 FREELING DRIVE, SARASOTA, FL 34242
5beds
7,636sqft
Single Family Residence
Built in 1994
0.49 Acres Lot
$8,453,900 Zestimate®
$1,107/sqft
$-- HOA
Overview
- 188 days
- 55
- 0
Zillow last checked:
Listing updated:
Listed by:
Michelle Ward 941-920-2460,
COMPASS FLORIDA LLC 941-279-3630
Source: Stellar MLS,MLS#: A4596611
Originating MLS: Port Charlotte

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 3
- 1/2 bathrooms: 2
Rooms
- Room types: Bonus Room, Breakfast Room Separate, Den/Library/Office, Family Room, Dining Room, Utility Room, Media Room, Storage Rooms
Primary bedroom
- Features: Walk-In Closet(s)
- Level: Third
- Dimensions: 30x16
Bedroom 2
- Features: Walk-In Closet(s)
- Level: Second
- Dimensions: 16x10
Bedroom 3
- Features: Walk-In Closet(s)
- Level: Third
- Dimensions: 30x13
Bedroom 4
- Features: Walk-In Closet(s)
- Level: Third
- Dimensions: 12x12
Primary bathroom
- Features: Built-In Shower Bench, Dual Sinks, En Suite Bathroom, Granite Counters, Makeup/Vanity Space, Multiple Shower Heads, Rain Shower Head
- Level: Third
- Dimensions: 12x13
Dining room
- Level: Second
- Dimensions: 10x16
Kitchen
- Features: Bar, Breakfast Bar, Pantry, Kitchen Island
- Level: Second
- Dimensions: 23x12
Laundry
- Level: Second
- Dimensions: 8x9
Laundry
- Level: Third
- Dimensions: 6x6
Living room
- Level: Second
- Dimensions: 21x18
Media room
- Level: Second
- Dimensions: 29x17
Office
- Level: Second
- Dimensions: 13x15
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Bar Fridge, Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Freezer, Ice Maker, Microwave, Other, Refrigerator, Tankless Water Heater, Washer, Water Filtration System, Wine Refrigerator
- Laundry: Inside, Laundry Room, Other, Upper Level
Features
- Accessibility Features, Built-in Features, Ceiling Fan(s), Central Vacuum, Chair Rail, Coffered Ceiling(s), Crown Molding, Eating Space In Kitchen, Elevator, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Solid Surface Counters, Split Bedroom, Thermostat, Tray Ceiling(s), Walk-In Closet(s), Wet Bar, In-Law Floorplan
- Flooring: Carpet, Engineered Hardwood, Tile, Hardwood
- Doors: Outdoor Kitchen, Outdoor Shower, Sliding Doors
- Windows: Double Pane Windows, Storm Window(s), Shades, Shutters, Window Treatments, Hurricane Shutters
- Has fireplace: Yes
- Fireplace features: Gas, Living Room, Master Bedroom
Interior area
- Total structure area: 11,422
- Total interior livable area: 7,636 sqft
Property
Parking
- Total spaces: 4
- Parking features: Circular Driveway, Ground Level, Guest, Oversized, RV Garage, Split Garage, Tandem, Workshop in Garage
- Attached garage spaces: 4
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Covered, Enclosed, Front Porch, Patio, Rear Porch, Screened
- Exterior features: Balcony, Irrigation System, Lighting, Outdoor Kitchen, Outdoor Shower, Private Mailbox, Rain Gutters
- Has private pool: Yes
- Pool features: Auto Cleaner, Heated, In Ground, Salt Water, Self Cleaning
- Has spa: Yes
- Spa features: In Ground
- Has view: Yes
- View description: Water, Bay/Harbor - Full, Canal, Intracoastal Waterway
- Has water view: Yes
- Water view: Water,Bay/Harbor - Full,Canal,Intracoastal Waterway
- Waterfront features: Bay/Harbor, Canal - Saltwater, Canal Front, Bay/Harbor Access, Saltwater Canal Access, Intracoastal Waterway Access, Bridges - No Fixed Bridges, Davits, Lift, No Wake Zone, Sailboat Water, Seawall
Lot
- Size: 0.49 Acres
- Features: Flood Insurance Required, FloodZone, City Lot, Landscaped, Near Marina, Oversized Lot, Street Dead-End
- Residential vegetation: Mature Landscaping, Trees/Landscaped
Details
- Parcel number: 2019160004
- Zoning: RSF1
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Key West
- Property subtype: Single Family Residence
Materials
- Block, Concrete, Stucco
- Foundation: Block, Pillar/Post/Pier, Raised
- Roof: Metal
Condition
- Completed
- New construction: No
- Year built: 1994
Details
- Builder name: Perrone Construction
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Public, Sewer Connected, Sprinkler Well, Underground Utilities, Water Connected
Community & HOA
Community
- Security: Closed Circuit Camera(s), Security System, Security System Owned, Smoke Detector(s)
- Pet fee: $0 monthly
- Subdivision: BAY ISLAND SHORES
HOA
- Has HOA: No
Location
- Region: Sarasota
Financial & listing details
- Price per square foot: $1,107/sqft
- Tax assessed value: $6,583,800
- Annual tax amount: $37,046
- Date on market: 2/1/2024
- Cumulative days on market: 72 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Paved, Asphalt
Foreclosure details
Estimated market value
$8,453,900
$7.44M - $9.72M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2024 | Sold | $9,250,000-7.3%$1,211/sqft |
Source: | ||
| 4/15/2024 | Pending sale | $9,975,000$1,306/sqft |
Source: | ||
| 2/1/2024 | Listed for sale | $9,975,000-0.3%$1,306/sqft |
Source: | ||
| 11/15/2023 | Listing removed | -- |
Source: | ||
| 8/4/2023 | Listed for sale | $10,000,000$1,310/sqft |
Source: | ||
| 7/11/2023 | Pending sale | $10,000,000$1,310/sqft |
Source: | ||
| 11/16/2022 | Listed for sale | $10,000,000$1,310/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $98,904 +4.2% | $6,583,800 +3.1% |
| 2024 | $94,957 +156.3% | $6,384,900 +159.6% |
| 2023 | $37,046 +2.4% | $2,459,582 +3% |
| 2022 | $36,169 +0.3% | $2,387,944 +3.6% |
| 2021 | $36,063 -1.2% | $2,306,062 +1.4% |
| 2020 | $36,498 +2.5% | $2,274,223 +2.3% |
| 2019 | $35,591 | $2,223,092 +19.6% |
| 2018 | $35,591 +19% | $1,858,138 +2.1% |
| 2017 | $29,897 +5.1% | $1,819,920 -36.3% |
| 2016 | $28,448 | $2,857,700 +11.1% |
| 2015 | $28,448 +3.1% | $2,571,700 +61.3% |
| 2014 | $27,580 +0.5% | $1,594,046 |
| 2013 | $27,436 +3.5% | $1,594,046 +1.7% |
| 2012 | $26,512 +1.4% | $1,567,400 +0% |
| 2011 | $26,145 -9.8% | $1,566,700 -8.6% |
| 2010 | $28,996 -22% | $1,714,600 -18.4% |
| 2009 | $37,188 | $2,102,200 -10.7% |
| 2008 | $37,188 -1.8% | $2,354,100 -0.4% |
| 2007 | $37,857 | $2,362,433 +2.5% |
| 2006 | -- | $2,304,813 +3% |
| 2005 | -- | $2,237,683 +3% |
| 2004 | $38,865 -1.5% | $2,172,508 +1.9% |
| 2003 | $39,450 +41% | $2,132,000 +44.1% |
| 2002 | $27,986 +19.7% | $1,479,500 +14.6% |
| 2001 | $23,384 +18.5% | $1,290,500 +20.2% |
| 2000 | $19,728 | $1,073,900 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Bay Isle-Siesta
Nearby schools
Schools provided by the listing agent
- Elementary: Phillippi Shores Elementary
- Middle: Brookside Middle
- High: Sarasota High
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.







