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1541 CARIBBEAN DRIVE, Sarasota, FL, 34231

5beds
6baths
6,035sqft
$5,500,000
$911price/sqft
$42,071/moest. monthly cost
$1,682,840/yrincome needed

About This Home

Perfectly positioned on approximately 130 feet of deep sailboat water, this exceptional waterfront estate offers an extraordinary opportunity to experience the very best of Sarasota’s luxury lifestyle. Encompassing over 6,100 square feet, the residence was thoughtfully designed to balance grand-scale entertaining with comfortable everyday living. A dramatic two-story living room, sweeping staircase, extensive custom millwork, and walls of glass create a sense of timeless elegance while framing breathtaking water views throughout the home. The gourmet kitchen serves as the heart of the residence, seamlessly connecting to multiple gathering spaces and opening effortlessly to the expansive waterfront terrace. Corner sliding glass doors dissolve the boundaries between indoors and out, revealing a resort-style infinity-edge pool, summer kitchen, covered entertaining areas, and sparkling bay views beyond. The luxurious primary suite is a private waterfront retreat featuring a separate dressing room, generous dual closets, and serene water vistas. Additional guest suites provide exceptional comfort and privacy for family and visitors alike. Designed for both recreation and relaxation, the home also features a private office/library, elevator access, media and game room with full bar, and a four-car split garage. Outside, the lifestyle continues with a private dock, boat lift, fishing pier, and immediate access to Sarasota Bay. Whether enjoying sunset cruises, waterfront dining, or simply relaxing poolside while watching dolphins and boats pass by, every day feels like a vacation. Rarely does a property combine this level of space, waterfront presence, boating access, and location. Just minutes from downtown Sarasota, St. Armands Circle, and the area’s renowned beaches, this is a home designed for those who expect the very best.

Getting Around

27
WalkingCar-Dependent
24
TransitMinimal Transit
35
BikeSomewhat Bikeable

Schools

5/10
6/10
Brookside Middle SchoolGrades 6-84.0 mi
7/10
Riverview High SchoolGrades PK,9-122.7 mi

Construction

Condition

  • Year built: 2004

Materials

  • Foundation: Slab
  • Roof: Tile
  • Construction materials: Stucco

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Bar Fridge,Cooktop,Dishwasher,Disposal,Dryer,Electric Water Heater,Exhaust Fan,Freezer,Microwave,Range Hood,Washer,Wine Refrigerator
  • Laundry features: Inside,Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 4
  • 1/2 bathrooms: 2

Dining Room

  • Level: First
  • Area: 195
  • Dimensions: 13x15

Features

  • Built-in Features,Cathedral Ceiling(s),Ceiling Fan(s),Coffered Ceiling(s),Crown Molding,Eating Space In Kitchen,High Ceilings,Thermostat,Tray Ceiling(s),Walk-In Closet(s),Wet Bar
  • Door features: Outdoor Grill,Outdoor Kitchen,Outdoor Shower,Sliding Doors
  • Window features: Hurricane Shutters
  • Flooring: Carpet,Ceramic Tile,Travertine,Hardwood
  • Fireplace features: Living Room
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air

Interior Area

  • Total structure area: 8,531
  • Total interior livable area: 6,035 sqft

Kitchen

  • Features: Breakfast Bar,Kitchen Island,Pantry
  • Level: First
  • Area: 304
  • Dimensions: 16x19

Living Room

  • Level: First
  • Area: 340
  • Dimensions: 17x20

Other

  • Features: Walk-In Closet(s)
  • Level: Second
  • Area: 224
  • Dimensions: 14x16

Primary Bathroom

  • Features: Tub with Separate Shower Stall
  • Level: First

Primary Bedroom

  • Features: Walk-In Closet(s)
  • Level: First
  • Area: 294
  • Dimensions: 14x21

Property

Details

  • Parcel number: 0110070016
  • Zoning: RSF1
  • Special condition: None

Features

  • Levels: Two
  • Stories: 2
  • Private pool: Yes
  • Pool features: In Ground
  • Exterior features: Balcony,Irrigation System,Outdoor Grill,Outdoor Kitchen,Outdoor Shower
  • Has spa: Yes
  • Spa features: In Ground
  • Has view: Yes
  • View description: Bay/Harbor - Full,Intracoastal Waterway
  • Has water view: Yes
  • Water view: Bay/Harbor - Full,Intracoastal Waterway
  • On waterfront: Yes
  • Waterfront features: Bay/Harbor,Bay/Harbor Access,Intracoastal Waterway Access,Bridges - No Fixed Bridges,Fishing Pier,Lift,Sailboat Water,Seawall
  • Waterbody name: SARASOTA BAY
  • Residential vegetation: Mature Landscaping

Lot

  • Lot size: 0.45 Acres

Parking

  • Total spaces: 4
  • Parking features: Driveway,Oversized,Split Garage
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneVery High
  • Lightning
    LightningRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Coastal Flooding
Tsunami

FEMA Declared Disasters in Sarasota County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $27,810$333,720
Home Insurance *$8,246$98,952
Property Taxes $5,408$64,896
Electricity $607$7,288
Total$42,071$504,852
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,442,434/yr
40% on housing$1,262,130/yr
45% on housing$1,121,893/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.0%
15.0%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 6.6%
6.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$911This listing

vs Other Active Listings

Avg $/sqft

ZIP 34231$386
Sarasota County$345

vs Homes Sold Last Month

Median $/sqft

ZIP 34231$260
Sarasota County$245

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-04Listed for sale$5,500,000
2018-08-06Sold$2,875,000
2018-04-12Pending sale$3,100,000
2018-04-07Listed for sale$3,100,000
2013-05-29Sold$2,200,000
2013-03-09Price change$2,499,900
2013-01-15Price change$2,995,000
2012-11-09Listed for sale$3,295,000
2012-07-05Listing removed$3,195,000
2012-02-15Price change$3,195,000
2011-11-08Listed for sale$3,495,000
2001-10-17Sold$1,050,000

Pre-Foreclosure - For Sale by Agent

AgentDaria Fairchild
BrokerageCOLDWELL BANKER REALTY

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