One or more photo(s) has been virtually staged. Live the Ultimate Florida Lifestyle in This Waterfront Paradise! Nestled in the heart of Phillippi Gardens, this extraordinary property offers the perfect blend of tranquility, luxury, and convenience. Set on an OVERSIZED .61-ACRE LOT WITH OVER 400 FEET OF PRIVATE WATER FRONTAGE. Along two serene waterways just off Phillippi Creek, this home is a true tropical oasis—peaceful and secluded, yet minutes from everything Sarasota has to offer. Inside, the residence showcases a flexible layout with FOUR SPACIOUS BEDROOMS, some easily adaptable for office, studio, or guest use, and FOUR FULL BATHROOMS making it ideal for hosting loved ones and guests. The interior has been thoughtfully updated from 2017 through 2024 blending modern comfort with timeless charm. Interior Highlights Include: An expansive great room with a DUAL-SIDED WOOD-BURNING FIREPLACE, a gourmet kitchen featuring stainless steel appliances, farmhouse sink and pot filler. Three bedrooms on the main level, including one en-suite, and a second-floor master suite with a PRIVATE BALCONY OFFERING BREATHTAKING SUNRISE AND SUNSET VIEWS. Step outside and feel like you're on vacation every day. The lush, tropical grounds are packed with resort-style amenities: Tiki hut with a full bar and grill, two fire pits, five-zone low-voltage night lighting creating a magical evening ambiance, heated pool and spa, boat lift, a new boathouse (2019) and new seawall (2023/2024). Additional Upgrades: Two new A/C units (2019), septic-to-sewer conversion (2018). Tucked away at the end of a quiet cul-de-sac, this home offers privacy without sacrificing accessibility. You're just a short bike ride to the Gulf beaches, near The Landings for shopping and dining, and minutes from downtown Sarasota’s vibrant arts and culture scene.
For sale
Price cut: $105K (11/11)
$1,770,000
5500 Merrimac Dr, Sarasota, FL 34231
4beds
2,790sqft
Est.:
Single Family Residence
Built in 1974
0.61 Acres Lot
$1,661,900 Zestimate®
$634/sqft
$-- HOA
What's special
Heated pool and spaBoat liftPrivate balconyTropical oasisLush tropical groundsFour spacious bedroomsFlexible layout
- 207 days |
- 993 |
- 54 |
Zillow last checked: 8 hours ago
Listing updated: November 11, 2025 at 10:47am
Listing Provided by:
Steve Abbe 941-400-3969,
COLDWELL BANKER REALTY 941-383-6411,
Shannon Rocha,
COLDWELL BANKER REALTY
Source: Stellar MLS,MLS#: A4652628
Originating MLS: Sarasota - Manatee
Originating MLS: Sarasota - Manatee
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Primary bedroom
- Features: Built-in Closet
- Level: Second
- Area: 223.48 Square Feet
- Dimensions: 14.8x15.1
Bedroom 2
- Features: Built-in Closet
- Level: First
- Area: 196.35 Square Feet
- Dimensions: 16.5x11.9
Bedroom 3
- Features: Built-in Closet
- Level: First
- Area: 199.2 Square Feet
- Dimensions: 16.6x12
Bedroom 4
- Features: Built-in Closet
- Level: First
- Area: 198.15 Square Feet
- Dimensions: 16.11x12.3
Balcony porch lanai
- Level: First
- Area: 741.6 Square Feet
- Dimensions: 30.9x24
Great room
- Level: First
- Area: 660.66 Square Feet
- Dimensions: 23.1x28.6
Kitchen
- Level: First
- Area: 159.85 Square Feet
- Dimensions: 11.5x13.9
Laundry
- Level: First
- Area: 72.99 Square Feet
- Dimensions: 9x8.11
Heating
- Central, Electric
Cooling
- Central Air, Zoned
Appliances
- Included: Dishwasher, Microwave, Range, Refrigerator
- Laundry: Inside
Features
- Ceiling Fan(s)
- Flooring: Carpet, Vinyl
- Doors: Outdoor Kitchen, Sliding Doors
- Has fireplace: Yes
- Fireplace features: Wood Burning
Interior area
- Total structure area: 4,133
- Total interior livable area: 2,790 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
- Details: Garage Dimensions: 21x20
Features
- Levels: Two
- Stories: 2
- Exterior features: Balcony, Outdoor Kitchen
- Has private pool: Yes
- Pool features: In Ground
- Has spa: Yes
- Has view: Yes
- View description: Water, Canal
- Has water view: Yes
- Water view: Water,Canal
- Waterfront features: Bayou, Canal - Saltwater, Saltwater Canal Access, Lift
- Body of water: PHILLIPPI CREEK
Lot
- Size: 0.61 Acres
- Features: Cul-De-Sac
- Residential vegetation: Mature Landscaping
Details
- Parcel number: 0086060021
- Zoning: RSF2
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stucco
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1974
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected
Community & HOA
Community
- Subdivision: PHILLIPPI GARDENS 08
HOA
- Has HOA: No
- Pet fee: $0 monthly
Location
- Region: Sarasota
Financial & listing details
- Price per square foot: $634/sqft
- Tax assessed value: $1,103,600
- Annual tax amount: $5,177
- Date on market: 5/17/2025
- Cumulative days on market: 194 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$1,661,900
$1.58M - $1.74M
$4,771/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/11/2025 | Price change | $1,770,000-5.6%$634/sqft |
Source:  Stellar MLS #A4652628 Report a problem | ||
| 7/15/2025 | Price change | $1,875,000-4.8%$672/sqft |
Source: Stellar MLS #A4652628 Report a problem | ||
| 5/17/2025 | Price change | $1,970,000-12.2%$706/sqft |
Source: Stellar MLS #A4652628 Report a problem | ||
| 8/21/2024 | Price change | $2,245,000-2.2%$805/sqft |
Source: Stellar MLS #A4612434 Report a problem | ||
| 7/17/2024 | Price change | $2,295,000-4.4%$823/sqft |
Source: Stellar MLS #A4612434 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $515,391 +4.7% |
| 2024 | $6,306 +3.4% | $492,120 +3% |
| 2023 | $6,096 +3.1% | $477,786 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$11,356/mo
Principal & interest
$8863
Property taxes
$1873
Home insurance
$620
Climate risks
Neighborhood: 34231
Nearby schools
GreatSchools rating
- 9/10Phillippi Shores Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 6/10Brookside Middle SchoolGrades: 6-8Distance: 1.8 mi
- 7/10Riverview High SchoolGrades: PK,9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Phillippi Shores Elementary
- Middle: Brookside Middle
- High: Riverview High
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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