$7,990,000

515 Washington Drive

Sarasota, FL 34236

Active

Beds

Baths

4,480

Sq Ft

0.25

Acres

1972

Built

◆Waterfront◆Water access◆Private pool◆Fireplace◆$1,783/sqft

Single Family Residence

Property type

1972

Year built

11,083 sqft

Lot size

$1,783

Price / sq ft

No HOA

HOA dues

351

Days on market

Garage space

Flood zone

About this home

Presenting an unparalleled masterpiece of luxury and sophistication—soon to be one of the most iconic and coveted waterfront estates in Sarasota, Florida. Originally envisioned by the legendary architect Bo MacEwen, this landmark property is undergoing a meticulous transformation from top to bottom, elevating it to a pinnacle of architectural brilliance and timeless elegance. Designed with both grandeur and functionality in mind, the first floor will feature a lavish primary bedroom suite and a private den, offering a serene retreat within the home. The second floor will encompass three additional bedrooms, providing ample space for family and guests while maintaining an intimate and luxurious atmosphere. Outside, indulge in resort-style living by the pool, where elegant landscaping, tranquil water views, and thoughtfully designed lounging and entertaining spaces create a private oasis. This estate is designed for seamless indoor-outdoor living, embodying the ultimate in relaxation and sophistication. Poised to redefine opulence, this estate will combine historic charm with contemporary grandeur, offering an unparalleled living experience. With its premier location, this home will not only stand as a testament to exquisite design but also as a crown jewel among Sarasota's most prestigious residences. Perfectly positioned just steps from the pristine sands of Lido Beach and a mere minute's walk to the world-class shopping and dining of St. Armands Circle, this estate offers an unparalleled lifestyle of convenience and coastal elegance. This entire home renovation was thoughtfully planned well in advance of any hurricane and is not due to recent storms.

Estimated monthly payment

Principal & interest$40,402

Property taxes$1,391

Home insurance (est.)$3,662

Down payment

20%

$1,598,000 downRate

6.5%

Term

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history351 days on market

Status: Active
Jan 5, 2026
Listed$7,990,000
Jan 14, 2025
Price increased$7,990,000

Facts & features

Property type: Residential
Sub type: Single Family Residence
Status: Active
Days on market: 351
Subdivision: Saint Armands Div John Ringling Estates
County: Sarasota
Year built: 1972
Living area: 4,480 sq ft
Price/sq ft: $1,783
Building area: 5,392 sq ft (Public Records)
Lot size: 11,083 sq ft
Lot category: 1/4 to less than 1/2
Flood zone: AE
Garage: 1 spaces
Pool: Private pool
Annual taxes: $16,692 (2023)
Parcel #: 2014130019
Zoning: RSF2
MLS #: A4630034

Interior Details

Bedrooms: 4
Full bathrooms: 3
Half bathrooms: 1
Flooring: Carpet, Parquet, Tile, Wood
Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer, Wine Refrigerator
Interior features: Built-in Features, Ceiling Fans(s), Coffered Ceiling(s), Crown Molding, Eat-in Kitchen, Primary Bedroom Main Floor, Solid Wood Cabinets, Stone Counters, Window Treatments
Laundry: Inside
Stories / Levels: Two
Direction faces: Northwest
Fireplace: Yes

Heating & Cooling

Heating: Central, Electric, Natural Gas
Cooling: Central Air

Parking

Garage spaces: 1
Attached garage: Yes
Parking features: Driveway, Garage Door Opener

HOA & Financial

Total monthly fees: $0/mo
Total annual fees: $0
CDD: No
Homestead exemption: Yes
Min lease term: 1 Week
Listing terms: Cash, Other
Ownership: Fee Simple
Available for lease: Yes
Lease restrictions: Yes
Additional lease restrictions: Short term Sales and Tourism Tax on rentals under 6 months and a day.

Exterior & Construction

Exterior features: Lighting, Outdoor Kitchen, Sliding Doors
Construction materials: Concrete, Stucco
Roof: Membrane
Foundation: Slab
Pool: Private pool
Waterfront: Yes
Water access: Yes
Water view: Yes
Road surface: Paved

Utilities

Sewer: Public Sewer
Water source: Public
Utilities: Cable Available, Natural Gas Connected, Sewer Connected, Water Connected

Community

Pets allowed: Yes

Schools

ElementarySouthside ElementaryGreatSchools ↗

MiddleBooker MiddleGreatSchools ↗

High SchoolSarasota HighGreatSchools ↗

Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.

Room Details

Room	Level	Dimensions
Great Room	First	17x29
Dining Room	First	15x19
Kitchen	First	20x18
Primary Bedroom	First	16x21

Listing Details

Listing date: 2025-01-14
On market date: 2025-01-14
Original list price: $7,990,000
Occupant type: Vacant
MLS area: 34236 - Sarasota
Listing AOR: Sarasota - Manatee
Status changed: 2026-01-05
Tax legal description: LOT 23 & BEING AT ELY COMM COR OF LOTS 22 & 23 TH SELY 19.33 FT TH SWLY 160 FT M/L TO PT ON WLY LINE LOT 22 TH NWLY 21.77 FT TO WLY COMM COR LOTS 22 & 23 TH NELY 160 FT M/L TO POB BEING PART OF LOT 22

Flood risk

High riskFEMA Zone AE

FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

John Ringling Causeway to John Ringling Blvd. At St. Armands Circle, take the 2nd exit and stay on John Ringling Blvd. Turn left onto S. Washington Drive - 515 S. Washington Drive is on your right

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Listings courtesy of Stellar MLS as distributed by MLS GRID

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.

Based on information submitted to the MLS GRID as of January 5, 2026 at 1:39 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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