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749 Freeling Drive
Sarasota, FL 34242
$5,950,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
6827
Property Description
This exceptional waterfront residence is located on a quiet side street on the coveted north end of Siesta Key. This house is just minutes from everything on and off the island. The house is perfectly positioned on a deep-water section of the intra-coastal and just a five-minute boat ride out of Big Pass and into the Gulf. This home represents all the best of island living. This fortress-like home was built with structural safety in mind and planted on numerous concrete pilings. The house underwent a meticulous two-year, million-dollar renovation, transforming the residence into a true masterpiece. The heart of the house is the great room - a large living room with 20' ceilings, multiple seating areas, and tranquil water views surrounded by a two-story library. The living room features a breathtaking gallery that soars to the ceiling and a loft over the dining area. Custom hand-hewed wood trestles and iron railings from the Vasquez forge in Tampa finish the space, and a hidden wood-paneled staircase adds an element of mystery to this enchanting room. The chef's dream kitchen features top-of-the-line Wolff, Sub-Zero, and Miele appliances, quartzite counters, a coffered ceiling, a breakfast area, and a functional walk-in pantry. Hand-hewed beams have been incorporated throughout the house and lanai, creating a seamless old-world aesthetic. The primary suite features a large bedroom, two private balconies, two separate bathrooms, two walk-in closets, a large central walk-in shower with dual entry, and an oversized bathtub. The guest wing is separated from the main living area by double doors. It provides plenty of room for family and guests, with three bedrooms, three bathrooms, two balconies, and private exterior access to the driveway. Step outside to discover a perfect paradise for outdoor living. The two-story lanai features a summer kitchen with a heated pool, hot tub, and 1,000 sq ft covered screened-in space with multiple seating areas, situated right next to an additional guest space, a pool bathroom, a workshop, and a large media and game room to relax and unwind after a day on the water. The location is perfect for boating and fishing enthusiasts. The property has three amazing boat lifts - a four-post 10,000-pound boat lift, a davit lift, a two-post lift for a small boat, kayak, or jet ski, and the ability to dock a boat up to 45' in length. The dock features a large fishing table and underwater lights that attract Snook, Spanish Mackerel, Sheepshead, Redfish, and juvenile Tarpon. In the front of the house is a spacious three-car garage with hurricane-rated garage doors. The driveway has been refinished with natural stone pavers and can accommodate up to twenty cars. The house was recently repainted and is meticulously maintained. The pergola has been rebuilt, the landscaping and irrigation redesigned, recent replacement of the HVAC and duct system, both tankless water heaters, the pool and irrigation pump, pool heater, as well as installation of a Control-4 home automation system, a whole-house generator, and the addition of removable hurricane curtains, means you will be able to spend more time to enjoy the house. Great location just minutes from the white sandy beaches, Siesta Key Village, Southside Village, and Downtown Sarasota. Start enjoying your island life today.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1997
MLS Number
A4586454
Location
Address
749 FREELING DRIVE
City
SARASOTA
State
FL
Zip Code
34242
County
SARASOTA (CITY)
Listing
Provider
Premier Sotheby's International Realty, original listing
Name
Premier Sotheby's International Realty
Phone
(239) 403-2227
Office Name
PREMIER SOTHEBYS INTL REALTY
Office Phone
(941) 364-4000
Agent Name
Joel Schemmel

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.