Active
$1,597,000
Est. $9,672/mo

5500 Merrimac Dr, Sarasota, FL, 34231

$572/sqft·Phillippi Gardens 08

4 bd4 ba2,790 sqft2 car garageSingle Family
Listed by COLDWELL BANKER REALTY· Last updated · MLS# A4684914

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Est. monthly payment
$9,672/mo
Down payment (20%)
$319,400
Property taxes
$545/mo
Rate assumed
6.8% · 30 yr
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At a glance

Single family
Built 1974
Waterfront
Bayou
Private pool
In Ground
2 car garage
0.61 acres
Lot size

About this home

Ceiling Fans(s)BalconyOutdoor KitchenSliding DoorsDishwasherMicrowaveRangeRefrigerator

5500 Merrimac Dr is a 1974-built home in Phillippi Gardens 08, Sarasota. Inside you'll find 4 bedrooms, 4 bathrooms, and 2,790 square feet of living space. Listed at $1,597,000 (about $572/sqft), 140 days on market. Flood zone AE/x - confirm flood insurance requirements with your lender.

From the listing

Live the Ultimate Florida Lifestyle in This Waterfront Paradise! Nestled in the heart of Phillippi Gardens, this extraordinary property offers the perfect blend of tranquility, luxury, and convenience. Set on an OVERSIZED .61-ACRE LOT WITH OVER 400 FEET OF PRIVATE WATER FRONTAGE. Along two serene waterways just off Phillippi Creek, this home is a true tropical oasis—peaceful and secluded, yet minutes from everything Sarasota has to offer. Inside, the residence showcases a flexible layout with FOUR SPACIOUS BEDROOMS, some easily adaptable for office, studio, or guest use, and FOUR FULL BATHROOMS making it ideal for hosting loved ones and guests. The interior has been thoughtfully updated from 2017 through 2024 blending modern comfort with timeless charm. Interior Highlights Include: An expansive great room with a DUAL-SIDED WOOD-BURNING FIREPLACE, a gourmet kitchen featuring stainless steel appliances, farmhouse sink and pot filler. Three bedrooms on the main level, including one en-suite, and a second-floor master suite with a PRIVATE BALCONY OFFERING BREATHTAKING SUNRISE AND SUNSET VIEWS. Step outside and feel like you're on vacation every day. The lush, tropical grounds are packed with resort-style amenities: Tiki hut with a full bar and grill, two fire pits, five-zone low-voltage night lighting creating a magical evening ambiance, heated pool and spa, boat lift, a new boathouse (2019) and new seawall (2023/2024). Additional Upgrades: Two new A/C units (2019), septic-to-sewer conversion (2018). Tucked away at the end of a quiet cul-de-sac, this home offers privacy without sacrificing accessibility. You're just a short bike ride to the Gulf beaches, near The Landings for shopping and dining, and minutes from downtown Sarasota’s vibrant arts and culture scene.

The essentials

Built
1974
Price / sqft
$572
On market
191 days
Annual tax
$6,537
Flood zone
AE/X
Lot
26,520 sqft
Type
Single Family Residence

Location

5500 Merrimac Dr
Sarasota, FL, 34231·34231 - Sarasota/Gulf Gate Branch
Type
Single Family Residence
Year Built
1974
Lot
26,520 sqft
Cooling
Central Air, Zoned
Heating
Central, Electric
Parking
-
Pool
In Ground
Waterfront
Bayou, Canal - Saltwater
Days on Market
191
Ceiling Fans(s)
Balcony
Outdoor Kitchen
Sliding Doors
Dishwasher
Microwave
Range
Refrigerator

Elementary

Phillippi Shores Elementary

Middle

Brookside Middle

High

Riverview High

Districts can re-zone, so verify directly with the district before relying on these.

Homestead exemption on fileFlood Zone AE/x

Annual Tax (2025)

$6,537

Parcel #

0086060021

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision

Phillippi Gardens 08

County

Sarasota

MLS Area

34231 - Sarasota/Gulf Gate Branch

Lot Size

26,520 sqft

Cul-De-Sac
Date
Event
Price
7/22/2026
Price change
Source: Stellar MLS #A4684914
$1,597,000-5.2%
$572/sqft
Price change
Source: Stellar MLS #A4684914
$1,685,000-4.8%
$604/sqft
3/4/2026
Listed for sale
Source: Stellar MLS #A4684914
$1,770,000
$634/sqft
Est. monthly payment$9,672/mo
Principal & interest$8,329
Property taxes$545
Insurance$799
Down payment20% · $319,400
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Offer Insights

Choose an offer strength

List price: $1,597,000
$1.54M – $1.60M
96.5% – 100% of listTops out right at the list price
80% of listList price
66 of the last 131 home closings in 34231 landed at this number or higher (50%). The median one sat 47 days before it went under contract, and this one is on day 191 after a $173,000 cut.

Sample: 131 closed home sales in 34231 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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