Active$12,500,000
546 FREELING DRIVE
SARASOTA, FL 34242
5 beds7 baths4,353 sqft
Active · Single Family
1136 LAKE SHORE DRIVE
SARASOTA, FL 34231
Beds
4 beds
Baths
8 baths
Area
10,234 sqft
Single FamilyBuilt 195461,257 sqft lot3-car garageCentralCentral Air, ZonedPoolFireplace$1111/sqft33 days on market
Location
About this home
Some properties offer a view. This extraordinary 1.41 acre Oyster Bay estate offers an entire waterfront world of its own and is one of the best waterfront locations that Sarasota has to offer, with more than 430 feet along Sarasota Bay and a setting that feels virtually irreplaceable. Spanish and Mediterranean inspired architecture lends warmth, character, and timeless sophistication to this remarkable six bedroom residence, while its expansive shoreline creates a front row seat to spectacular sunsets, passing boats, and the natural beauty of Sarasota’s coastal landscape. With access to the Intracoastal Waterway and Gulf of Mexico, this is a rare opportunity for the luxury buyer who believes life is best lived on the water. Spanning more than 10,000 total square feet, with nearly all principal living areas on one level, the home was created for both grand entertaining and relaxed waterfront living. Dramatic ceilings, distinctive architectural details, expansive windows, and a spectacular gallery space with an interior fountain establish a sense of occasion, while multiple intimate gathering areas make the estate equally comfortable for everyday life. A commercial grade chef’s kitchen with professional appliances is equipped for effortless entertaining, from elegant dinners to large celebrations. The primary suite is a private sanctuary framed by beautiful bay views, featuring an expansive custom wardrobe and an indulgent bath with soaking tub, oversized shower, and dedicated massage and sauna room. Five additional bedroom suites provide exceptional privacy for family and guests, each with its own bath and generous storage. Beyond the interiors, the estate unfolds like a private resort. A swimming pool, tennis court, fitness room, billiard room, private office, three car garage, abundant storage, and permitted dock replacement create a property designed for recreation, relaxation, and life on the water. A new roof completed in 2024 adds further value and peace of mind. The address is equally exceptional. Oyster Bay Estates places you near The Field Club, Siesta Key, Southside Village, Sarasota Memorial Hospital, and Downtown Sarasota, offering remarkable access to world class beaches, boating, fine dining, shopping, arts, and culture while remaining tucked within a prestigious waterfront enclave. For those with an even greater vision, the magnificent acreage and extraordinary bay frontage also present the opportunity to create a completely new custom waterfront estate. The property may offer potential for division into two buildable homesites if the existing residence is removed, subject to verification and applicable approvals. With its commanding Sarasota Bay frontage, boating access, acreage, privacy, and coveted location, 1136 N Lake Shore Drive is not simply a place to live. It is the opportunity to claim an extraordinary piece of Sarasota’s waterfront lifestyle.
Facts & features
Interior
- Bedrooms
- 4
- Bathrooms
- 8
- Living area
- 10,234 sqft
- Heating
- Central
- Cooling
- Central Air, Zoned
- Flooring
- Carpet, Marble, Tile, Wood
- Fireplace
- Yes
- Stories
- 2
- Features
- Built-in Features, Ceiling Fans(s), Crown Molding, High Ceilings, Primary Bedroom Main Floor, Sauna…
- Appliances
- Disposal, Dryer, Electric Water Heater, Washer
Exterior & lot
- Lot size
- 61,257 sqft (1.41 ac)
- Pool
- Yes
- Waterfront
- Yes
- Roof
- Tile
- Construction
- Block
- Exterior
- French Doors, Lighting, Sliding Doors, Tennis Court(s)
Parking
- Garage
- 3 spaces
Financial
- Annual tax
- $86,399 (2025)
- Price / sqft
- $1111/sqft
Utilities
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Water Connected
Property
- Property type
- Single Family
- Year built
- 1954
- Subdivision
- OYSTER BAY ESTATES
- County
- Sarasota
Assigned schools
- Elementary
- Phillippi Shores Elementary
- Middle
- Brookside Middle
- High
- Riverview High
Listing
- Status
- Active
- Days on market
- 33 days
- MLS #
- MFR803139509
- Source
- Stellar MLS
Listed by Adnan Dedic · COMPASS FLORIDA LLC
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Estimate your monthly cost
PITI + HOAEstimated monthly payment$64,718/mo
- Principal & interest
- $57,518/mo
- Property tax
- $7,200/mo
- Home insurance
- Left out until you enter a quote
Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own 2025 bill. Insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Similar homes nearby
Homes for sale in SARASOTA within the same price band.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Aug 19, 2026 | Listed | $11,375,000 | — |
Neighbourhood
The schools below come from the MLS record for this home. Walking, transit and cycling figures for SARASOTA, FL are not connected yet, so this page does not show them.
Elementary school
Phillippi Shores Elementary
Assigned school from the MLS record
Middle school
Brookside Middle
Assigned school from the MLS record
High school
Riverview High
Assigned school from the MLS record
Frequently asked questions
What would 1136 LAKE SHORE DRIVE, SARASOTA cost per month?
About $64,718 a month: $57,518 principal and interest, $7,200 property tax. That assumes 20% down at 6.5% over 30 years, and leaves out insurance.
Is 1136 LAKE SHORE DRIVE, SARASOTA priced fairly?
Comparable homes nearby put it between $3,692,837 and $4,248,747, with $3,970,792 in the middle. Those are asking prices, not closed sales: 3 properties of the same type within three miles, each within 20% of this one's size and a bedroom either way, at a median of $388 a square foot.
How does 1136 LAKE SHORE DRIVE, SARASOTA compare to nearby homes?
3 comparable properties within three miles. The nearest: 1310 LAKE SHORE DRIVE, SARASOTA, FL at $26,400,000, 10,697 sq ft, 0.21 miles away; 2048 BEE RIDGE ROAD, SARASOTA, FL at $2,495,000, 8,391 sq ft, 1.03 miles away; 2160 GULF GATE DRIVE, SARASOTA, FL at $3,985,000, 10,273 sq ft, 2.66 miles away.
How long has 1136 LAKE SHORE DRIVE, SARASOTA been on the market?
1 day on the market.
Has the price of 1136 LAKE SHORE DRIVE, SARASOTA changed?
The price has not moved since it was listed.
How big is 1136 LAKE SHORE DRIVE, SARASOTA?
4 bed, 8 bath, 10,234 square feet. That is $1,111 a square foot.
What year was 1136 LAKE SHORE DRIVE, SARASOTA built?
Built in 1954.
What is the HOA fee at 1136 LAKE SHORE DRIVE, SARASOTA?
The feed lists no association fee for this property.
What are the property taxes at 1136 LAKE SHORE DRIVE, SARASOTA?
Property tax works out to about $7,200 a month, $86,399 a year, on the 2025 assessment.
Is 1136 LAKE SHORE DRIVE, SARASOTA still available?
It is still on the market.