$4,250,000
1500 Caribbean Drive
Sarasota, FL 34231
Listing updated: June 3, 2026 at 11:33 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage spaces
Flood zone
About this home
Under contract-accepting backup offers. Substantial price change, $750,000 less. Positioned at the end of a quiet cul-de-sac, this exceptional bayfront residence is a haven for boaters and sunset enthusiasts alike. Set directly at end of a peninsula on the Intracoastal Waterway, the home enjoys sweeping open-water views and effortless access to the Gulf, while capturing breathtaking, mango-hued sunsets that paint the sky each evening. Designed to fully embrace its remarkable waterfront setting, the home offers gracious formal living and dining rooms alongside a warm and inviting family room with fireplace, seamlessly open to a chef’s kitchen appointed with high-end appliances and generous workspace, ideal for entertaining against a backdrop of ever-changing bay views. Walls of glass invite the outdoors in, opening to a terrace-style balcony overlooking the water, where evenings unfold with glowing skies and gentle bay breezes. From the terrace-style balcony, the home transitions naturally down to a resort-style bayfront heated pool and spa, and expansive waterfront yard, creating a stunning setting for alfresco dining, relaxation and waterfront gatherings. Boaters will appreciate the private bayfront dock and lift, protected Intracoastal waters ideal for kayaking and paddleboarding, and daily encounters with dolphins and abundant marine life, all enjoyed right from the comfort of home. The primary bedroom suite encompasses the entire top floor, creating a private sanctuary above it all. Thoughtfully designed for tranquility and privacy, the suite features expansive bay views, a private balcony positioned for sunset watching and a spa-inspired bath designed for relaxation. This serene retreat offers an owner’s haven, secluded, elevated, and immersed in the beauty of the surrounding water and sky. Offering four bedrooms, four full baths and three additional half baths, the residence provides exceptional comfort and flexibility for family and guests. A three-car garage and a one-year-old metal roof complete the home, balancing refined elegance with everyday functionality. Quietly tucked away in Sarasota’s sought-after Coral Cove neighborhood, yet moments from world-famous Siesta Beach and Sarasota’s cultural, dining, and coastal attractions, this exceptional estate delivers an extraordinary waterfront lifestyle, where boating, sunsets and refined living come together in harmony. Tranquil, elegant and undeniably special.
Estimated monthly payment
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 history129 days on market
- Status: PendingJun 3, 2026
- Listed$5,000,000Jan 23, 2026
- Price reduced$4,250,000
Virtual Tour
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Pending
- Days on market
- 129
- Subdivision
- Coral Cove
- County
- Sarasota
- Year built
- 2009
- Living area
- 5,222 sq ft
- Price/sq ft
- $814
- Building area
- 6,977 sq ft (Public Records)
- Lot size
- 15,038 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- AE (12115C0207G)
- Garage
- 3 spaces
- Pool
- Private pool
- Annual taxes
- $21,155 (2025)
- Parcel #
- 0110070011
- Zoning
- RSF1
- MLS #
- A4678685
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Interior Details
- Bedrooms
- 4
- Full bathrooms
- 4
- Half bathrooms
- 3
- Flooring
- Carpet, Hardwood, Tile
- Appliances
- Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator
- Interior features
- Built-in Features, Cathedral Ceiling(s), Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Kitchen/Family Room Combo, PrimaryBedroom Upstairs, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Tray Ceiling(s), Walk-In Closet(s)
- Laundry
- Inside, Laundry Room
- Stories / Levels
- Three Or More
- Direction faces
- East
- Fireplace
- Yes
Heating & Cooling
- Heating
- Central, Electric, Propane, Zoned
- Cooling
- Central Air, Zoned
Parking
- Garage spaces
- 3
- Attached garage
- Yes
- Parking features
- Driveway, Garage Door Opener, Ground Level
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Homestead exemption
- Yes
- Min lease term
- 1 Month
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- See Sarasota County restrictions
Exterior & Construction
- Exterior features
- Balcony, French Doors, Garden, Outdoor Grill, Outdoor Kitchen
- Construction materials
- Block, Concrete, Stucco
- Roof
- Metal
- Foundation
- Stem Wall
- Pool
- Private pool
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Asphalt, Paved
Utilities
- Sewer
- Aerobic Septic
- Water source
- Public
- Utilities
- Cable Connected, Electricity Connected, Water Connected
Community
- Pets allowed
- Yes
Schools
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 |
|---|---|---|
| Foyer | First | 15x15 |
| Living Room | First | 18x14 |
| Dining Room | First | 14x13 |
| Family Room | First | 17x16 |
| Kitchen | First | 23x15 |
| Dinette | First | 11x9 |
| Primary Bedroom | Third | 18x16 |
| Primary Bathroom | Third | 20x13 |
| Media Room | Third | 16.75x15 |
| Bedroom 2 | Second | 18x13 |
| Bedroom 3 | Second | 20.75x12.75 |
| Bedroom 4 | First | 16x14 |
Listing Details
- Listing date
- 2026-01-16
- On market date
- 2026-01-23
- Original list price
- $5,000,000
- Occupant type
- Owner
- MLS area
- 34231 - Sarasota/Gulf Gate Branch
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-06-03
- Tax legal description
- LOT 8 CORAL COVE UNIT 2
Flood risk
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
From Rt 41 - Taimiami Trail turn West onto Caribbean Drive, Continue on Caribbean Drive, it jogs to the left, cross Periwinkle Drive, and continue to the end of the cul-de-sac, dead-end.
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 June 3, 2026 at 11:33 AM 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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