5 months on rocket

7320 Melaleuca Way, Sarasota, FL, 34242

$2,175,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
4 Full Baths
3,766 SqFt
$578/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

7320 Melaleuca Way, Sarasota$2,175,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingCircular Driveway, Driveway, Garage Door Opener, Ground Level, Off Street, Under Building, Workshop in Garage
Attached Garage3 spaces
Year Built1960
HeatingCentral, Electric, Heat Pump, Zoned
CoolingCentral Air, Humidity Control, Zoned
WaterfrontLagoon
ViewGarden, Trees/Woods, Water
MLS #A4592388
Lot Size0.72 Acres
StatusActive

About 7320 Melaleuca Way

Nestled between the stately spectacular trees, lush tropical foliage and the azure waters of the Gulf of Mexico, lies the Sanderling Club. One of the most unique and exclusive island communities on the West Coast of Florida. As you pass through the 24-hour guarded gate, the tree canopy immediately engulfs you and quickly is accompanied by scenic views of the crystal sands of the beach. This is just the beginning of the appreciation and the feeling of the tranquility and natural beauty of this historical place, which residents have been coveting for nearly a century, with humble beginnings as a Bohemian enclave of cottages in a very special location. From the charming beachfront Cabana's on the aqua waters, to the Renowned Architect, Paul Rudolf designed Clubhouse you'll truly be inspired. Additional amenities such as Har-tru Tennis Courts, Pickleball, Playground, boat slips with access to the Gulf (if available) and you immediately recognize that The Sanderling Club is truly a special place. As you enter the elevated home's Foyer and Large Great Room, you will feel the outside brought inside. The feeling of comfort created by the serenity of the Heron Lagoon and the Live Oak Trees which twist naturally to wrap their limbs lovingly around both homes is unlike any normal house! The Lagoon is nearly 50 acres of kayaking adventure waiting for you. The Oversized Primary Bedroom Suite is on its own floor, 4 steps up from the main living floor, with a hot tub on the adjacent deck for relaxing views of paradise. The Kitchen in the main house is modern, includes all appliances and is flanked by a large Pantry/Laundry Room with built in desk and cabinetry. The ground level floor boasts a 2 BR "in-law"suite with a bath and kitchenette. The entire Main House was built in 1960, and completely remodeled in 2010. New in 2008, is a 2 bedroom, 1 bath, guest house with a kitchen. An Elevator makes both homes accessible. Deserving of a personal Visit!

Property Details

Property Features

Property Information:

  • Architectural Style: Custom, Florida
  • Year Built: 1960
  • Stories: 3
  • Living Area: 3,766 SqFt

Listing Office:

  • Office Name: MICHAEL SAUNDERS & COMPANY
  • Office Phone: (941) 349-3444
  • Listing Agent: Steve Hagan

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
  • Flooring Type: Ceramic Tile, Travertine, Wood
  • Interior: Accessibility Features, Built-in Features, Ceiling Fans(s), Crown Molding, Elevator, High Ceilings, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Vaulted Ceiling(s), Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Lagoon
  • View: Garden, Trees/Woods, Water
  • Exterior: Lighting, Private Mailbox, Rain Gutters, Storage

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: Circular Driveway, Driveway, Garage Door Opener, Ground Level, Off Street, Under Building, Workshop in Garage

Lot Features

Lot Information:

  • Lot: Flood Zone, Irregular Lot, Landscaped, Level, Private, Paved
  • Lot Size: 0.72 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric, Heat Pump, Zoned
  • Cooling: Central Air, Humidity Control, Zoned

School Info

Assigned Schools Information:

  • Sarasota High School, Public District Grades 9-12
  • Brookside Middle School, Public District Grades 6-8
  • Phillippi Shores Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Turn West from US-41 (Tamiami Trail) onto Stickney Point Rd., then dead end at Midnight Pass Rd, turn South (Left), continue about 0.4 Miles, turn West (Right) on Sanderling Drive, Proceed to Guard Shack to announce pre-approved arrival. Melaleuca Way is immediately on right, (adjacent to Guard Shack), 2nd house on Left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,175,000
  • Price Per SqFt: $578/SqFt

HOA Fees:

  • Amount: $5400
  • Frequency: Annually

Tax Information:

  • Annual Amount: $10,048
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Sarasota, FL.

Med. Sold Price

$519K

Med. Price/SqFt

$306

Avg. Days On Market

56

# of Sold Homes

593

7320 Melaleuca Way vs Sarasota

155 DAYS ON ROCKET

+99 Days

$2,175,000

+$1.6M More

$578/SqFt

+$271 More

KEY TAKEAWAY

This property is $1.6M more than the Median Sold Price and $271/SqFt more than other homes in Sarasota, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #A4592388

Listing Office:

  • Office Name: MICHAEL SAUNDERS & COMPANY
  • Office Phone: (941) 349-3444
  • Listing Agent: Steve Hagan

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/21/2024, 2:19:41 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 07, 2004Home Sold
$580,000
Apr 27, 2001Home Sold
$525,000

Tax History

YEARPROP. TAXASSESSMENT
2020$10,048$765,014
2019$9,730$747,814
2018$9,523$733,870
2017$9,329$718,776

History based on county public records data.

Payment Calculator

$11.3K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,587

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-5267834
8
/10
  • Phillippi Shores Elementary School

  • 4747 S Tamiami Trl

  • 2.90 miles

  • Public District Grades PK-5

Middle School

school-card-donut-5267835
5
/10
  • Brookside Middle School

  • 3636 S Shade Ave

  • 3.96 miles

  • Public District Grades 6-8

High School

school-card-donut-5267836
5
/10
  • Sarasota High School

  • 1000 S School Ave

  • 5.62 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $74,826. Residents of Sarasota, FL typically earn between $35k-100k each year. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7320 Melaleuca Way

What is the listing price of this property?

The listing price of 7320 Melaleuca Way property is $2,175,000.

What type of property is this?

The property 7320 Melaleuca Way is a house located in Sarasota, Florida, 34242.

Is this property for sale now?

Active Listing: 7320 Melaleuca Way is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 7320 Melaleuca Way are:
Phillippi Shores Elementary School: GreatSchools Rating 8/10
Brookside Middle School: GreatSchools Rating 5/10
Sarasota High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $10,048 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 7, 2004 for $580,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7320 Melaleuca Way has 5 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 7320 Melaleuca Way is 3,766 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7320 Melaleuca Way is 1960.

Rocket Homes›Florida›Sarasota County›Sarasota›34242›7320 Melaleuca Way

This home is located at 7320 Melaleuca Way in Sarasota, FL and zip code 34242 in the Siesta Key neighborhood. This 3,766 square foot home, which was built in 1960, sits on a 0.72 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 18, 2023 and is currently priced at $2,175,000.

Over 41 listings were sold over their listed price in April 2024 in Sarasota, FL. In the same period over 462 listings were sold below the listed price and 90 listings were sold for the listed price. Between March 2024 and April 2024, Sarasota, FL real estate market has seen decrease in the number of listings by 1.8%. In April 2024, listings were on the market for 56 days. During the same period, the median list price in this real estate market was $519,031.

From Rocket Homes Real Estate and based on county public records data.

More Resources