Active
$4,950,000
Est. $31,709/mo

1541 Caribbean Dr, Sarasota, FL, 34231

$820/sqft·Coral Cove

5 bd6 ba6,035 sqft4 car garageSingle Family
Listed by COLDWELL BANKER REALTY· Last updated · MLS# A4695466

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Est. monthly payment
$31,709/mo
Down payment (20%)
$990,000
Property taxes
$3,418/mo
Rate assumed
6.8% · 30 yr
View full breakdown

At a glance

Single family
Built 2004
Waterfront
Bay/Harbor
Private pool
In Ground
4 car garage
Driveway
0.45 acres
Lot size

About this home

Built-in FeaturesCathedral Ceiling(s)Ceiling Fans(s)Coffered Ceiling(s)Crown MoldingEat-in KitchenHigh CeilingsThermostat

1541 Caribbean Dr is a 2004-built home in Coral Cove, Sarasota. Inside you'll find 5 bedrooms, 6 bathrooms, and 6,035 square feet of living space. Listed at $4,950,000 (about $820/sqft), 98 days on market. Flood zone X500 - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

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.

The essentials

Built
2004
Price / sqft
$820
On market
99 days
Annual tax
$41,012
Flood zone
X500 · Low risk
Lot
19,785 sqft
Type
Single Family Residence

Location

1541 Caribbean Dr
Sarasota, FL, 34231·34231 - Sarasota/Gulf Gate Branch
Type
Single Family Residence
Year Built
2004
Lot
19,785 sqft
Cooling
Central Air
Heating
Central, Electric
Parking
Driveway, Oversized, Garage
Pool
In Ground
Waterfront
Bay/Harbor
Days on Market
99
Built-in Features
Cathedral Ceiling(s)
Ceiling Fans(s)
Coffered Ceiling(s)
Crown Molding
Eat-in Kitchen
High Ceilings
Thermostat
Tray Ceiling(s)
Walk-in Closet(s)
Wet Bar
Balcony
Outdoor Grill
Outdoor Kitchen
Outdoor Shower
Bar Fridge
Cooktop
Dishwasher
Disposal
Dryer
Electric Water Heater
Exhaust Fan
Freezer
Microwave
Range Hood
Washer
Wine Refrigerator
Flood Zone X500

Annual Tax (2025)

$41,012

Parcel #

0110070016

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

Coral Cove

County

Sarasota

MLS Area

34231 - Sarasota/Gulf Gate Branch

Lot Size

19,785 sqft

Date
Event
Price
8/21/2026
Price change
Source: Stellar MLS #A4695466
$4,950,000-10.0%
$820/sqft
6/4/2026
Listed for sale
Source: Stellar MLS #A4695466
$5,500,000
$911/sqft
Est. monthly payment$31,709/mo
Principal & interest$25,816
Property taxes$3,418
Insurance$2,475
Down payment20% · $990,000
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: $4,950,000
$4.78M – $4.95M
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 99 after a $550,000 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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