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1023 TOCOBAGA LANE

House For Sale
$2,995,000

BTC: 36.08433735

ETH: 1,231.49671053

New
3 bds
3 ba
3,599 sqft

Overview

Sophisticated gated living just moments from the heart of downtown Sarasota. Evoking the timeless elegance of Palm Beach with the warmth of Old Florida charm, this exceptional Spanish Mediterranean residence is tucked within the exclusive gated waterfront enclave of Tocobaga Bay. One of only 9 private residences in the community, ideally positioned just moments from Sarasota's renowned dining, arts, shopping and waterfront attractions. Surrounded by lush tropical landscaping and tranquil water views, the home is thoughtfully designed for both sophisticated entertaining and relaxed everyday living. Expansive interiors are filled with natural light, highlighted by a grand foyer, travertine flooring, oversized floor-to-ceiling picture windows, motorized shades, and custom window treatments throughout. The residence features 3 bedrooms, each with its own en-suite bath, along with a media room or private office and a private 3-stop elevator. The oversized 4-car garage offers exceptional storage and ample spaces for vehicles, golf carts, kayaks, and recreational equipment, while the air-conditioned bonus room appointed with premium finishes including a La Cornue gas cooktop, Sub-Zero refrigerator, custom Campbell Cabinetry, spacious walk-in pantry, oversized center island and Taj Mahal quartz countertops and backsplash. The oversized living room offers an inviting atmosphere for gathering, while the separate formal dining room is perfectly suited for elegant dinners and entertaining. The primary suite serves as a peaceful sanctuary complete with its own Juliette balcony, dual custom walk-in closets, and a spacious en-suite bath. Two additional guest suites occupy the third floor, each with private baths, offering ideal comfort and separation for family and guest. Designed to embrace Sarasota's indoor-outdoor lifestyle, the open-air heated saltwater pool is surrounded by lush tropical landscaping and expansive patio space for lounging and dining. Additional improvements: new tile roof (2023), new irrigation system (2024), updated water heaters (2023 & 2024), electrical panels (2024), and updated A/C units. Residents enjoy access to the community day dock with direct bay access, perfect for boating and waterfront enjoyment. Perfectly located near Sarasota's renowned beaches, St. Armanda Circle, The Bay Park, and the iconic Ringling Bridge, this remarkable residence offers an exceptional lifestyle just minutes from the energy and culture of downtown Sarasota. Offered fully furnished and ready for immediate enjoyment.

Location

Details

Type:
Residential
Parking:
Driveway / Garage Door Opener / Garage Faces Side / Oversized / Tandem
Year Built:
1994
Lot:
0.35 Acres
Heating:
Central / Electric
Price/sqft:
$832
Cooling:
Central Air / Mini-Split Unit(s) / Zoned
HOA:
$2,000

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,699,000
$1.4M – $3.9M
Confidence Low
List vs. estimate
$1.3M above estimate
List $2,995,000 · +76.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$832
+159.6% vs. city median $320
Based on
9 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$27,942
2025
HOA
$2,000/yr
Pool
In Ground
View
Water
Furnished
Furnished
Pets
Allowed
All facts and features
  • Flooring

    • Carpet

    • Tile

    • Travertine

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Mini-Split Unit(s)

    • Zoned

    Appliances

    • Convection Oven

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Water Heater

    • Exhaust Fan

    • Microwave

    • Range

    • Range Hood

    • Refrigerator

    • Washer

    • Water Filtration System

    Other interior features

    • Built-in Features

    • Ceiling Fan(s)

    • Crown Molding

    • Dry Bar

    • Elevator

    • High Ceilings

    • Smart Home

    • Smart Thermostat

    • Solid Wood Cabinets

    • Split Bedroom

    • Stone Counters

    • Thermostat

    • Walk-In Closet(s)

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Bathrooms: 1

    • Full bathrooms: 3

  • Parking

    • Driveway

    • Garage Door Opener

    • Garage Faces Side

    • Oversized

    • Tandem

    Property

    • Levels: Three Or More

    • Pool Private: Yes

    • Exterior Features: Awning(s) / Balcony / Courtyard / French Doors / Irrigation System / Lighting / Outdoor Grill / Sliding Doors / Storage

    Lot

    • Lot: 0.35 Acres

    Other Property Information

    • Parcel Number: 2007020005

    • Zoning: RSF1

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • BB/HS Internet Available

    • Cable Available

    • Electricity Connected

    • Fiber Optics

    • Public

    • Sewer Connected

    • Water Connected

  • Other financial information

    • HOA: $2,000

    • HOA Frequency: Annually

    • Annual tax amount: $27,942

  • Source details

    • MLS ID: A4709668

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Stilt/On Piling

    • Laundry Features: Electric Dryer Hookup / Inside / Laundry Room / Sink / Washer Hookup

    • Lot Features: City Lot / Landscaped / Level / Rectangular Lot / Street Dead-End

    • Patio And Porch Features: Patio

    • Pool Features: In Ground / Gunite / Heated / Pool Sweep / Salt Water / Tile

    • Window Features: Drapes / Rods / Shades / Shutters / Window Treatments

    • Direction Faces: Southwest

    • Architectural Style: Mediterranean

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 3599

    • Water Source: Public

    • Subdivision Name: TOCOBAGA BAY

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: MICHAEL SAUNDERS & COMPANY