Sarasota County, Sarasota, FL 34231

NEW DEAL – SARASOTA, FL Sarasota, FL 34231 CORAL COVE | PRIVATE DOCK | HEATED SPA | METAL ROOF | NO HOA ASKING: $2,000,000 THE OPPORTUNITY Luxury pool homes in this part of Sarasota have recently sold between $2.4M–$2.85M, while this property is being offered at $2,000,000. Located in Coral Cove, this two-story home features a private dock, heated spa, metal roof, and NO HOA. The seller has invested heavily into the property over the years, including major updates to the dock, deck, HVAC, plumbing, driveway, irrigation and more. This is NOT being presented as a gut rehab. It needs a buyer with the vision and capital to determine the appropriate renovation scope and exit strategy. THE NUMBERS Asking Price: $2,000,000 Recent Sold Comps: $2,400,000–$2,850,000 Comp Average: $2,683,333 Comp Median: $2,800,000 HOA: NONE 2025 Homeowners Insurance incl. Wind: $11,239/yearSeparate wind deductible applies 2025 Flood Insurance: $1,081/yearElectric – FPL: Approx. $200–$300/monthCable/Internet – Frontier: Approx. $200/month No rehab estimate provided. Buyer must run their own scope, renovation budget and numbers. PROPERTY SNAPSHOT • Community: Coral Cove• Private dock – added 2002• No boat lift• Heated spa – new covers in 2024• Metal roof – 2006• City water• Septic system• No gas service• Two-story home• Sarasota County• No HOA SELLER UPDATES 2024 Well replaced• New driveway• Irrigation system redone• Electric low-voltage box replaced• Alarm system installed• Side patio added• Bathroom grab bars added• Heated spa covers replaced 2023 Garage door motor replaced• Side garage door replaced 2022 Trex deck and dock redone• Carpet replaced• Refrigerator replaced 2021 Front door replaced 2020 Family room slider replaced• Kitchen window hurricane shutter added 2019 Air handlers replaced• 10-year warranty through 2029 2018 One AC unit replaced – October 2018• Upstairs windows replaced 2015 Upper deck and lanai flooring redone 2008 Plumbing pipes relined 2006 Metal roof installed (40 year warranty) 2026 SOLD COMP SUPPORT 1240 Solitude Ln – Secluded Harbour6 Bed | 4.5 Bath | 4,700 SF | Pool SOLD: $2,850,000 – 07/02/2026 6934 Belgrave Dr – Princes Gate4 Bed | 6.5 Bath | 4,652 SF | Pool SOLD: $2,800,000 – 09/08/2026 8213 Midnight Pass Rd – Ocean View3 Bed | 3.5 Bath | 3,328 SF | Pool SOLD: $2,400,000 – 07/23/2026 Raw sold data provided for reference. Buyer must independently verify subject property size, condition, location and comparability of all comps. POTENTIAL EXIT STRATEGIES Luxury Refresh + Resale: Renovate and position the property against the recent $2.4M–$2.85M sold comps. Wholetail: Several major-ticket systems have already been addressed. Buyer determines cosmetic scope and resale potential. Buy & Hold: Dock property with no HOA. Buyer must independently verify long-term and short-term rental regulations with Sarasota County and other applicable authorities. Personal Residence / Second Home: Opportunity to acquire in Coral Cove below the referenced luxury sold comps. DEAL TERMS Price: $2,000,000 EMD: $100,000 – NON-REFUNDABLE Closing: On or before November 25, 2026 Seller holds one 30-day extension option Cash or Hard Money Sold AS-IS Transaction Coordination Fee: $425 paid by buyer FLOOD ZONE DISCLOSURE Seller currently carries flood insurance. Flood zone designation has NOT yet been verified. Buyer is responsible for confirming the flood zone designation, elevation certificate requirements, current and future insurance availability/costs, and all related flood-risk information before committing to the purchase. IMPORTANT – PLEASE READ [representative] is marketing its equitable interest in a purchase contract for this property. [representative] is NOT the owner of record. This offering is an ASSIGNMENT OF CONTRACT. [representative] is not acting as a licensed real estate broker or agent on behalf of the seller or buyer. All information provided is believed to be accurate but is NOT guaranteed. Buyer is responsible for conducting independent due diligence and verifying ALL information, including but not limited to square footage, property condition, comparable sales, value, permits, zoning, flood zone, elevation, insurance, septic system, dock, improvements, rental regulations and renovation costs. READY TO MOVE? Serious buyers only. Contact us today for access, additional information and assignment details.