Skip to content
1 / 79
Active · Single Family

1137 LAKE SHORE DRIVE

SARASOTA, FL 34231

Beds
6 beds
Baths
7 baths
Area
6,462 sqft
Single FamilyBuilt 200420,252 sqft lot5-car garageCentral, ElectricCentral Air, ZonedPoolFireplace$1005/sqft537 days on market

About this home

Virtually Staged. Panoramic Sarasota Bay views, a gated West of Trail setting in Oyster Bay Estates and an exceptional boating lifestyle define this remarkable waterfront residence overlooking the downtown Sarasota skyline and open waters. Blending timeless architectural details with expansive entertaining spaces and resort-inspired living, the home presents a rare opportunity to experience one of Sarasota’s most sought-after waterfront addresses. Brand-new impact-rated windows and doors are scheduled for installation in August/September 2026, further enhancing the property’s long-term value and storm readiness. A grand arrival sets the tone with travertine stairs leading to stately double entry doors framed by an arched transom window. Inside, expansive living and dining spaces are highlighted by intricate coffered ceilings, artisanal millwork, wainscoting-lined hallways and walls of sliding glass doors designed to maximize natural light while showcasing breathtaking water views. A carved stone gas fireplace anchors the main living area, while seamless indoor-outdoor flow enhances the home’s elevated waterfront atmosphere. Designed for both entertaining and everyday living, the chef’s kitchen features an oversized center island with prep sink, granite countertops, custom wood cabinetry and premium Viking® appliances paired with a Sub-Zero® professional refrigerator. A walk-in pantry with custom organization and an adjoining butler’s pantry with beverage cooler, dishwasher drawers and glass-front cabinetry create exceptional functionality for hosting. Breakfast and casual dining spaces are positioned to capture spectacular waterfront and skyline views from nearly every angle. The great room is surrounded by windows framing Sarasota Bay, lush tropical scenery and the downtown Sarasota skyline, while multiple entertaining bars with beverage coolers, prep sinks, dishwasher drawers and granite countertops provide ideal gathering spaces for family and guests. The primary suite serves as a luxurious private retreat featuring windows overlooking the water, a custom sitting area and a spa-inspired bath with travertine finishes, dual vanities, jetted soaking tub, oversized walk-in shower and custom-designed walk-in closet. A dramatic wood staircase leads to four additional en-suite guest bedrooms, each with access to an enormous balcony showcasing stunning downtown and water views. A three-stop elevator provides convenient access throughout all levels of the residence. The ground-level bonus area seamlessly connects to the resort-style pool deck, creating exceptional flexibility for indoor-outdoor waterfront living. Above the garage, a private guest apartment with separate staircase access offers a living area, kitchenette, spacious bedroom, full bath and private balcony, ideal for extended guests or multigenerational living. Additional highlights include hardwood flooring, plantation shutters, crown molding, custom tray and coffered ceilings, a central vacuum system and extensive architectural detailing throughout. Located minutes from Siesta Key, Southside Village and vibrant downtown Sarasota, this extraordinary Sarasota waterfront estate offers a rare combination of luxury bayfront living, boating access, panoramic sunset views and timeless coastal elegance in one of Sarasota’s premier West of Trail neighborhoods.

Facts & features

Interior

Bedrooms
6
Bathrooms
7
Living area
6,462 sqft
Heating
Central, Electric
Cooling
Central Air, Zoned
Flooring
Tile, Travertine, Wood
Fireplace
Yes
Stories
3
Features
Built-in Features, Ceiling Fans(s), Central Vaccum, Chair Rail, Coffered Ceiling(s), Crown Molding…
Appliances
Bar Fridge, Built-In Oven, Convection Oven, Dishwasher, Disposal, Dryer…

Exterior & lot

Lot size
20,252 sqft (0.46 ac)
Pool
Yes
Waterfront
Yes
Roof
Tile
Construction
Block, Stucco, Frame
Exterior
Outdoor Grill, Outdoor Kitchen, Private Mailbox, Rain Gutters, Sliding Doors

Parking

Garage
5 spaces

Financial

HOA dues
$200 / annually
Annual tax
$39,148 (2024)
Price / sqft
$1005/sqft

Utilities

Water
Public
Sewer
Public Sewer
Utilities
BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected

Property

Property type
Single Family
Year built
2004
Subdivision
OYSTER BAY ESTATES
County
Sarasota

Assigned schools

Elementary
Phillippi Shores Elementary
Middle
Brookside Middle
High
Riverview High

Listing

Status
Active
Days on market
489 days
MLS #
MFR748494320
Source
Stellar MLS

Listed by Joel Schemmel · DOUGLAS ELLIMAN

Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.

RRENA ValiQRENA ValiQ is an estimated value, blended from public sale comps, neighbourhood trend and this listing’s own metrics. It is a reference, not a guaranteed or asking price. The final number moves on diligence, terms and timing.Estimate

Sample estimate — not an appraisal

$6.42M
−1.1% vs asking
$6.03M low$6.81M high

Based on 22 comparable sales within 1 mile of SARASOTA, FL, this home is priced in line with RENA ValiQ.

Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.

Estimate your monthly cost

PITI + HOA
Estimated monthly payment$36,321/mo
Principal & interest
$32,842/mo
Property tax
$3,262/mo
Home insurance
$200/mo
HOA dues
$17/mo

Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own 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.

Price history

From the property’s MLS record.

DateEventPriceChange
Jul 2, 2026Price reduced$6,495,000−$200,000
Feb 26, 2025Listed$6,695,000

NeighbourhoodSample data

Reference scores for SARASOTA, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.

Walk Score
86/ 100
Very walkable
Transit Score
74/ 100
Excellent transit
Bike Score
65/ 100
Bikeable
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

Location

Similar homes nearby

Homes for sale in SARASOTA within the same price band.

387 SHORE DRIVEActive
$7,595,000
387 SHORE DRIVE
SARASOTA, FL 34234
3 beds4 baths5,636 sqft
1444 HARBOR DRIVEActive
$6,999,900
1444 HARBOR DRIVE
SARASOTA, FL 34239
5 beds7 baths5,001 sqft
1475 JOHN RINGLING PARKWAYActive
$7,995,000
1475 JOHN RINGLING PARKWAY
SARASOTA, FL 34236
4 beds4 baths3,936 sqft