$3,495,000
1023 Tocobaga Lane
Sarasota, FL 34236
Property type
Year built
Lot size
Price / sq ft
HOA dues
Day on market
Garage spaces
Flood zone
About this home
Sophisticated gated living just moments from the heart of downtown Sarasota. Evoking the timeless elegance of Palm Beach with the warmth of Old Florida charm, this exceptional Spanish Mediterranean residence is tucked within the exclusive gated waterfront enclave of Tocobaga Bay. One of only 9 private residences in the community, ideally positioned just moments from Sarasota’s renowned dining, arts, shopping, and waterfront attractions. Surrounded by lush tropical landscaping and tranquil water views, the home is thoughtfully designed for both sophisticated entertaining and relaxed everyday living. Expansive interiors are filled with natural light, highlighted by a grand foyer, travertine flooring, oversized floor-to-ceiling picture windows, motorized shades, and custom window treatments throughout. The residence features 3 bedrooms, each with its own ensuite bath, along with a media room or private office and a private 3-stop elevator. The oversized 4-car garage offers exceptional storage and ample space for vehicles, golf carts, kayaks, and recreational equipment, while the air-conditioned bonus room provides flexibility for a fitness studio, game room, private office, or additional storage. The newly renovated chef’s kitchen is beautifully appointed with premium finishes including a La Cornue gas cooktop, Sub-Zero refrigerator, custom Campbell Cabinetry, spacious walk-in pantry, oversized center island and Taj Mahal quartz countertops and backsplash. The oversized living room offers an inviting atmosphere for gathering, while the separate formal dining room is perfectly suited for elegant dinners and entertaining. The primary suite serves as a peaceful sanctuary complete with its own Juliette balcony, dual custom walk-in closets, and a spacious ensuite bath. Two additional guest suites occupy the third floor, each with private baths, offering ideal comfort and separation for family and guest. Designed to embrace Sarasota’s indoor-outdoor lifestyle, the open-air heated saltwater pool is surrounded by lush tropical landscaping and expansive patio space for lounging and dining. Additional improvements: new tile roof (2023), new irrigation system (2024), updated water heaters (2023 & 2024), electrical panels (2024), and updated A/C units. Residents enjoy access to the community day dock with direct bay access, perfect for boating and waterfront enjoyment. Perfectly located near Sarasota’s renowned beaches, St. Armands Circle, The Bay Park, and the iconic Ringling Bridge, this remarkable residence offers an exceptional lifestyle just minutes from the energy and culture of downtown Sarasota. Offered fully furnished and ready for immediate enjoyment.
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 history1 days on market
- Status: ActiveMay 29, 2026
- Listed$3,495,000May 29, 2026
- Price increased$3,495,000
Virtual Tour
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 1
- Cumulative DOM
- 186
- Subdivision
- Tocobaga Bay
- County
- Sarasota
- Year built
- 1994
- Living area
- 3,599 sq ft
- Price/sq ft
- $971
- Building area
- 5,676 sq ft (Public Records)
- Lot size
- 15,433 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- AE (12115C0131G)
- Garage
- 4 spaces
- Pool
- Private pool
- Annual taxes
- $27,942 (2025)
- Parcel #
- 2007020005
- Zoning
- RSF1
- MLS #
- A4694000
Interior Details
- Bedrooms
- 3
- Full bathrooms
- 3
- Half bathrooms
- 1
- Flooring
- Carpet, Tile, Travertine
- Appliances
- Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer, Water Filtration System
- Interior features
- Built-in Features, Ceiling Fans(s), Crown Molding, Dry Bar, Elevator, High Ceilings, Smart Home, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
- Laundry
- Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup
- Stories / Levels
- Three Or More
- Direction faces
- Southwest
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air, Mini-Split Unit(s), Zoned
Parking
- Garage spaces
- 4
- Attached garage
- Yes
- Parking features
- Driveway, Garage Door Opener, Garage Faces Side, Oversized, Tandem
HOA & Financial
- HOA fee
- $2,000 / Annually
- Monthly HOA
- $167/mo
- Total monthly fees
- $167/mo
- Total annual fees
- $2,000
- HOA name
- Tocobaga Homeowner Assoc - TJ Arenberg, President
- CDD
- No
- Min lease term
- 3 Months
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- 3 months minimum and no more than once per year.
Exterior & Construction
- Exterior features
- Awning(s), Balcony, Courtyard, French Doors, Lighting, Outdoor Grill, Sliding Doors, Storage
- Construction materials
- Block, Stucco
- Roof
- Tile
- Foundation
- Stilt/On Piling
- Pool
- Private pool
- Water access
- Yes
- Water view
- Yes
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Available, Cable Available, Electricity Connected, Fiber Optics, Public, Sewer 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 |
|---|---|---|
| Living Room | Second | 25x16 |
| Dining Room | Second | 20x15 |
| Kitchen | Second | 17x15 |
| Primary Bedroom | Second | 18x14 |
| Primary Bathroom | Second | 15x11 |
| Media Room | Second | 15x15 |
| Bedroom 2 | Third | 15x12 |
| Bathroom 2 | Third | 9x5 |
| Bedroom 3 | Third | 14x13 |
| Bathroom 3 | Third | 9x5 |
| Bonus Room | First | 27x16 |
Listing Details
- Listing date
- 2026-05-15
- On market date
- 2026-05-29
- Original list price
- $3,495,000
- Occupant type
- Owner
- MLS area
- 34236 - Sarasota
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-05-29
- Tax legal description
- LOT 4 TOCOBAGA BAY
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
N Tamiami Trail to left onto Hampton Road. Slight right onto Tahiti Pkwy. Right onto Palmetto Lane. Left onto Tocobaga Lane. Gate code required. Home is on the 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 May 30, 2026 at 6:52 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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