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8050 Manasota Key Road
Englewood, FL 34223
$4,500,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
4236
Property Description
Under contract-accepting backup offers. BFE significantly reduced and improved to 10' from prior 13' with recent FEMA changes. The lowest ground floor elevation (garage) is at 12.7'. Remarkable beachfront residence and a $500,000 price improvement. Look out at the sparkling waters of the Gulf and 118' of wide, sandy beach. This custom home was designed with views in mind, boasting panoramic vistas of the Gulf from every room. From calm morning sunrises over the Bay to spectacular and unforgettable sunsets on the Gulf, and watching dolphins, tarpon, and rays play throughout the day, this is a water lover's dream home. Positioned on a pristine stretch of Manasota Key Beach, where the beach has expanded since the home was built, this private estate was built solid and high, including 3 levels and an elevator. The spacious and open top floor offers water views from every window and was set up as the owner's retreat with entertaining in mind. It features a newly remodeled chef's kitchen with beautiful two-tone custom cabinets, modern Quartz countertops, and high-end appliances with 2 built-in ovens, a built-in microwave, and a large center island. The kitchen opens to a great room with vaulted ceilings, tall windows, and a large balcony, allowing for al fresco dining with views of the sparkling Gulf waters. The formal dining room is located towards the front of the home and has spectacular views of Lemon Bay. The oversized primary suite, with panoramic windows showcasing breathtaking Gulf views, includes balcony access, a bath area with dual sinks, a jetted tub, a walk-in shower, and a roomy walk-in closet with custom cabinets. Local artist BJ Carson custom-painted the top floor's beautiful powder room. The home's middle level is set up for your family and guests, with two sizeable en-suite bedrooms, another spacious living room, and an open-air balcony with access to and overlooking the elevated and heated pool. The pool area is completely fenced for security and includes a vast outdoor terrace that overlooks the pristine sands of the beach and shimmering waters of the Gulf. Other luxury finishes in the home include polished travertine floor tile throughout the main living areas and bathrooms and designer window treatments and light fixtures. The home's second and third levels are easily accessed directly from the garage level via an elevator. The first living level is at 23.5' elevation. The ground floor of the home offers a 3 car oversized garage (12.7' elevation), and a large storage room, bath, and office (13.3' elevation). The home has received many recent updates, including a brand-new roof, a resurfaced pool, and recently replaced HVAC systems. The home includes hurricane impact protection for all windows and doors. A recently completed survey, elevation certificate, and wind mitigation inspection are all available for review. This is a rare opportunity to enjoy the pleasure and timeless allure of beachfront living. With easy access to a wide sandy beach via your private boardwalk, you can experience an unhurried pace of life that combines old Florida charm with modern luxury. Manasota Key is an 11-mile barrier island just south of Venice and Sarasota. This home is located on the Sarasota County north end of the island and is easily accessed from the mainland. The location offers the feeling of a tropical island escape while being only a short drive to prime shops, gourmet restaurants, the arts, and highly rated health care facilities. Call today for your private showing.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2003
MLS Number
A4594002
Location
Address
8050 MANASOTA KEY ROAD
City
ENGLEWOOD
State
FL
Zip Code
34223
County
SARASOTA (COUNTY)
Listing
Provider
Coldwell Banker, original listing
Name
Coldwell Banker
Phone
(813) 754-3586
Office Name
COLDWELL BANKER REALTY
Office Phone
(941) 383-6411
Agent Name
Ron Suponcic, JR

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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.