515 S WASHINGTON DRIVE, SARASOTA, FL, 34236
Active634 days on marketListed Jan 14, 2025MLS #A4630034
About this home
515 S WASHINGTON DRIVE
Virtually Staged. Presenting a rare opportunity at 515 S Washington Drive, an extensively reimagined residence offering the space of a luxury estate with a low-maintenance lifestyle, just steps from St. Armands Circle and Lido Beach. Originally envisioned by renowned architect Bo MacEwen, the home is being thoughtfully transformed with a focus on modern design, comfort, and seamless indoor-outdoor living. The first floor features a spacious primary suite and private den, while three additional bedrooms upstairs provide plenty of room for family and guests. Outside, a resort-style pool, elegant landscaping, and multiple entertaining areas create a private retreat without the upkeep of an oversized estate. Best of all, the home enjoys direct western exposure for beautiful Sarasota sunsets, all within an easy walk of the beach, restaurants, shopping, and everything St. Armands has to offer. A unique combination of space, location, privacy, and effortless coastal living. ****Price as stated is for new construction, inquire about pricing prior to construction. ****
Facts & features
The home at a glance
4
Bedrooms
3.5
Bathrooms
4,480
Sqft
0.25 ac
Lot size
1
Garage
1972
Year built
Two
Levels
$1,783
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$47,661 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$47,661/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+241.5%
$/sqft vs SAINT ARMANDS DIV JOHN RINGLING ESTATES
$1,783 vs $943
Days on market
634 vs 85 typical
Where $1,783/sqft sits among the 8 homes for sale in SAINT ARMANDS DIV JOHN RINGLING ESTATES
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside St. Armands
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Sarasota. See the full Sarasota guide →
St. Armands — neighborhood snapshot
Population
403
Median age
80
Median income
$97,465
Median home value
$740,700
Avg household
2
Households w/ children
7%
For the school run
Sarasota County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Sarasota market
$475K → $493K
Sarasota median sold, yr/yr
95.2%
Sale-to-list ratio (12 mo)
5 of 8
SAINT ARMANDS DIV JOHN RINGLING ESTATES have cut their price
Median sold price, Sarasota, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 900% above the SARASOTA 34236 median. See the full Sarasota market guide →
Paper trail
This home's history
Reality check
What actually sold near 515 S WASHINGTON DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Dec ’25$2,825,000
113 FILLMORE DRIVE · same community
4 bd · 4.5 ba · 4,008 sqft · $705/sqft · 227 DOM
Sold · Oct ’25$8,830,000
178 N WASHINGTON DRIVE · same community
4 bd · 4.5 ba · 5,064 sqft · $1,744/sqft · 113 DOM
Sold · Jun ’26$2,750,000
408 JACKSON DRIVE · same community
4 bd · 4 ba · 2,585 sqft · $1,064/sqft · 59 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Pedro Ribeiro Gloria
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 515 S WASHINGTON DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 515 S WASHINGTON DRIVE — before you fall in love.
See it in person
Schedule a tour
Live availability from Pedro's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
515 S WASHINGTON DRIVE FAQs
What would the monthly payment be for 515 S WASHINGTON DRIVE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $47,661/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 515 S WASHINGTON DRIVE?+
The most recent tax bill on record (2023) was $16,692. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 515 S WASHINGTON DRIVE?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Sarasota?+
At $7,990,000, this home is listed about 1353% above the Sarasota median of $550,000. The market section on this page shows how the area is trending.
Which schools are assigned to 515 S WASHINGTON DRIVE?+
Southside Elementary School (elementary), Booker High School (high), Booker Middle School (middle) — Sarasota County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$7,990,000 runs 900% above the SARASOTA 34236 median — but at 4,480 sqft it's also nearly 3 times the size of the typical Sarasota listing.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Time on market is leverage
634 days on market against a Sarasota median of 85 — sellers in this position are usually ready to negotiate.
04Strong assigned schools
Southside Elementary School, Booker High School, Booker Middle School — Southside Elementary School rates 5 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of COLDWELL BANKER REALTY · Cole Collins. MLS #A4630034.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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