1621 MEMORY LANE, Sarasota, FL, 34231 | $1,999,000

Uncover the ultimate canvas for your bayside sanctuary at this premier waterfront property, nestled in a highly coveted Sarasota neighborhood. With nearly half an acre of prime land, this estate offers a rare opportunity to construct your dream residence directly on Sarasota Bay. Embrace the chance to design a breathtaking retreat amidst a community of multimillion-dollar homes and understated elegance.

This tucked-away treasure is more than just a half acre lot – it's a gateway to captivating bayfront views and over 100 feet of robust concrete seawall. Imagine mornings spent sipping coffee as dolphins play in the shimmering waters just steps from your door, and evenings hosting lavish sunset gatherings that turn into starlit feasts.

While the current structure is primed for replacement, the true value lies in the land itself and the endless possibilities it presents. Envision a sprawling estate with walls of glass that open to merging indoor and outdoor spaces, ideal for soaking in panoramic vistas and gentle sea breezes.

Located within a top-notch school district, your new residence is also a leisurely walk or a brief bike ride from the soft beaches of Siesta Key. Enjoy the convenience of island proximity without the daily hassle of traffic in and out of the key.

With its superb location and unmatched potential, this property invites you to bring your architect and explore the boundless opportunities to craft a home that’s as extraordinary as its setting. Secure your slice of paradise and let your waterfront dream home vision take flight!

Features

  • Rooms: 3
  • Bedrooms: 3
  • Baths: 2 full / 1 half
  • Laundry: Laundry Room
  • Year Built: 1961
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,330
  • Acreage: 0.47
  • Est. Taxes: $24,726
  • Lot Desc: FloodZone
  • View: Water
  • Elem. School: Gulf Gate Elementary
  • Middle School: Brookside Middle
  • High School: Riverview High
  • Appliances: None
  • MLS#: A4640500
  • Days on Market: 45 days
  • Website: https://www.raveis.com
    /eprop/A4640500/1621memorylane_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 4/15/2025 7:47:07 PM)
Listing courtesy of Sterling Realty   Phone: 941-379-5810

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888.699.8876

Contact@raveis.com

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Pedro DelgadilloInsurance Sales Director, William Raveis Insurance

305.922.5393

Pedro.Delgadillo@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

1621 MEMORY LANE, Sarasota, FL, 34231

$1,999,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,599,200 $1,599,200 $1,599,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.625% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.911% 6.764% 6.666%
Monthly Tax Payment $2,061 $2,061 $2,061
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,847 $10,240 $13,931
Total Monthly Payment $12,032 $12,425 $16,116

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.