About 328 Monroe Drive
Rare 8 bedroom 8 bathroom fully furnished luxury island home on Lido Key!! Steps from St. Armands Circle and 3 blocks from the beautiful sandy beaches of Lido Key, this luxury home is an investor’s dream! When you arrive at the home you are immediately greeted by opulence as you enter through the impressive raised grand entryway boasting unrivaled craftsmanship and exquisite architectural finishes. Plank tile flooring, luxurious lighting, and tall ceilings flood the remarkable space creating an elevated experience for all to enjoy. You are gently guided towards the heart of the home - the kitchen - lined with custom cabinetry, high end appliances, a massive U-shaped center island providing banquet-style seating, and an impeccable back-splash that ties the entire space together - a chef's dream. Gather loved ones in the living room as you take in the beautiful surroundings and share laughter, stories, and memories around the fireplace offering sweeping views of the luxury pool just beyond the sliding doors, cohesively blending outdoor and indoor living. Entertain outdoors in the sprawling oasis that includes lush landscaping surrounding the truly magical beach-entry pool and patio space. Read a good book from the comfort of shade under the covered seating area to escape the midday sun or use the space for dining al-fresco on warmer evenings. Walk the elevated pathway through the pool to the sunken cabana and oversized spa or lounge in one of the submerged resort-quality lounger chairs or water bar stools throughout the pool. The remarkable backyard also offers a full outdoor kitchen and living space, providing the perfect amount of shade combined with a subtle breeze to enjoy any warm Floridian day. Find your peace within the walls of the primary suite - the perfect combination of abundant natural light and luxurious but elegant finishes. The impressive lavish ensuite provides the same high-end design with functionality with a deep soaking tub, expansive shower, and dual vanities. Each of the remaining bedrooms offers beautiful finishes and decor, large closets, and views of the surrounding oasis. Walk just across the street to nearby St. Armands Circle for world-renowned shopping and dining, or make the quick trip towards famous Siesta Key, nearby golf courses, three blocks to the beach, Downtown Sarasota, entertainment, and nature preserves. Choose to live year-round in this truly one-of-a-kind masterpiece or continue to rent it out on a weekly basis as a high-income-producing vacation rental with a fully equipped garage space with bicycle and beach accessories - the choice is yours! All that's left for you to do is pack your bags and start your next adventure on Monroe Drive! Currently being used as a vacation rental and is under contract until January 15 2024. - 2021 Gross Revenue : $415,902 - 2022 Gross Revenue : $558,148 - 2023 Gross Revenue : $172,680
Features of 328 Monroe Drive
| MLS® # | A4559301 |
|---|---|
| Price | $5,799,000 |
| Bedrooms | 8 |
| Bathrooms | 8.00 |
| Full Baths | 8 |
| Square Footage | 3,931 |
| Acres | 0.34 |
| Year Built | 2020 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Coastal |
| Status | Active |
Community Information
| Address | 328 Monroe Drive |
|---|---|
| Area | Sarasota |
| Subdivision | SAINT ARMANDS DIV JOHN RINGLING ESTATES |
| City | SARASOTA |
| County | Sarasota |
| State | FL |
| Zip Code | 34236 |
Amenities
| Parking | Driveway, Garage Door Opener, Garage Faces Side, Ground Level |
|---|---|
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Interior Features | Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Master Bedroom Main Floor, Open Floorplan, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments |
|---|---|
| Appliances | Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range Hood, Refrigerator |
| Heating | Central, Electric |
| Cooling | Central Air |
| Fireplace | Yes |
| Fireplaces | Living Room |
| # of Stories | 1 |
Exterior
| Exterior Features | French Doors, Irrigation System, Lighting, Outdoor Grill, Outdoor Kitchen, Rain Gutters, Sidewalk, Sliding Doors |
|---|---|
| Lot Description | Historic District, Landscaped, Oversized Lot, Sidewalk, Paved |
| Roof | Metal |
| Foundation | Slab |
Additional Information
| Date Listed | January 31st, 2023 |
|---|---|
| Days on Market | 127 |
| Zoning | RSF2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | EXP REALTY LLC |
|---|