David Ramirez
$6,999,000$7,999,000$45,508 /mo all-in ↓

1199 WESTWAY DRIVE, SARASOTA, FL, 34236

Active251 days on marketListed Nov 25, 2025MLS #A4673170

Reduced $1.0MWaterfrontLIDO SHORES

About this home

1199 WESTWAY DRIVE

Gulf-Front Opportunity in Lido Shores — 127 Feet on the Open Water! A rare offering in Sarasota’s coveted Lido Shores, this Gulf-front property presents an exceptional opportunity to build a signature coastal estate on one of the region’s most desirable stretches of shoreline. Positioned on nearly half an acre (0.41 acres) with 127 feet of direct frontage on the Gulf of Mexico, this homesite is perfectly placed at the dynamic junction of New Pass, where turquoise waters meet the open Gulf—an unmatched setting for boating enthusiasts, beach lovers, and architectural visionaries. With sweeping full Gulf-to-bay views, the property’s orientation captures dramatic sunsets and ever-changing waterfront scenery. Deep-water access and immediate proximity to the channel create effortless passage for boating, sailing, kayaking, or fishing. A concrete seawall is already in place, providing a strong foundation for future waterfront design and dock possibilities. Set among some of Sarasota’s most notable modern and luxury residences, this lot sits within the prestigious Lido Shores—an enclave known for its privacy, walkability, and architectural pedigree. Owners have the option to join the Lido Shores Association, which offers access to a private, gated beach park just moments from the property, complete with Gulf access, picnic zones, and a secluded stretch of sand exclusive to community members. With 97 feet of frontage on Westway Drive, a generous building envelope, and its privileged water position, the site allows for a substantial custom residence, pool, outdoor living areas, and multi-car garage. Whether envisioned as a modernist showpiece or timeless coastal retreat, the location elevates every possibility. Lido Shores offers the ideal blend of tranquility and access. A short stroll brings you to North Lido Beach—one of Sarasota’s most natural and peaceful shorelines. Just over the bridge is St. Armands Circle, home to luxury boutiques, fine dining, and year-round entertainment. Nearby New Pass Grill & Bait Shop, Mote Marine Laboratory & Aquarium, Sarasota Sailing Squadron, and Ken Thompson Park highlight the area’s coastal charm and outdoor experiences. A quick drive connects you to the cultural heartbeat of downtown Sarasota, including the Van Wezel Performing Arts Hall, Marie Selby Botanical Gardens, the Ringling Museum, theaters, galleries, and the city’s bayfront promenade. Marinas, world-class golf and tennis clubs, and resort amenities further enhance the unparalleled lifestyle available at this address. With its magnitude, water frontage, and premier location, 1199 Westway Drive stands as one of the most compelling Gulf-front building opportunities in Southwest Florida—a place where your future dream home can rise above the waves and capture Sarasota’s most extraordinary vistas.

Facts & features

The home at a glance

0.41 ac

Lot size

WaterfrontWater viewPets allowed

Inside

Outside & construction

ViewWater
FacesEast

Community & fees

HOA fee$25/mo
Taxes (2024)$59,183/yr
PetsYes
CommunityWater Access · Waterfront

Utilities & systems

UtilitiesCable Available · Electricity Available · Phone Available · Public · Sewer Connected · Water Available
WaterPublic

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.

$45,508 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$37,766
PMI (est., until 20% equity)$2,625
Property tax — 2024 actual bill$4,932
HOA fee — from the listing$25
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $699,900Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.

These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $699,900
Interest rate6.00%
Loan term

Estimated payment

$45,508/mo

Principal & interest$37,766
PMI (est., until 20% equity)$2,625
Property taxes (actual bill)$4,932
HOA / condo fee$25
Est. insurance$160

Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Where it sits

Inside Lido Shores

Map of 1199 WESTWAY DRIVE inside its neighborhood boundary

Drive times from this address

Downtown Tampa73 min

Estimated driving times, typical traffic. Data © OpenStreetMap contributors.

Get to know Sarasota. See the full Sarasota guide →

Lido Shores — neighborhood snapshot

Population

213

Median age

68

Median income

$250,001

Median home value

$1,127,100

Avg household

2

Households w/ children

1%

For the school run

Sarasota County School District

ElementarySouthside Elementary School★★★★★
HighBooker High School★★★★★
MiddleBooker Middle School★★★★

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Sarasota market

Seller’s marketLeans seller4.6 months of inventoryBuyer’s market

$475K$495K

Sarasota median sold, yr/yr

95.2%

Sale-to-list ratio (12 mo)

Median sold price, Sarasota, trailing 36 months (3-month rolling) · live MLS data.

This home is listed 724% above the SARASOTA 34236 median. See the full Sarasota market guide →

Paper trail

This home's history

CurrentPrice reduced to $6,999,000 $1.0M
Nov 25, 2025Listed at $7,999,000 · 251 days on market since

Reality check

What actually sold near 1199 WESTWAY DRIVE

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

424 BOWDOIN CIRCLESold · Jun ’26

$13,375,000

424 BOWDOIN CIRCLE · same community

5 bd · 5.5 ba · 5,882 sqft · $2,274/sqft · 378 DOM

170 ROOSEVELT DRIVE UNIT 2Sold · Jun ’26

$300,000

170 ROOSEVELT DRIVE UNIT 2

1 bd · 1 ba · 294 sqft · $1,020/sqft · 326 DOM

115 TYLER DRIVE UNIT 203Sold · Jun ’26

$350,000

115 TYLER DRIVE UNIT 203

1 bd · 1 ba · 766 sqft · $457/sqft · 549 DOM

Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.

Your home team

The pros in your corner

Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.

David Ramirez

Your agent

David Ramirez

Real Estate Agent · CENTURY 21 Edge

Tours, negotiation, and every question about 1199 WESTWAY DRIVE — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 1199 WESTWAY DRIVE — before you fall in love.

See it in person

Schedule a tour

Pick a day that works — this goes straight to David's phone and CRM.

Goes straight to David’s phone and CRM.

Straight answers

1199 WESTWAY DRIVE FAQs

What would the monthly payment be for 1199 WESTWAY DRIVE?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $45,508/mo — principal and interest, the actual property-tax bill, the $25/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.

How much are the HOA fees at 1199 WESTWAY DRIVE?+

The association fee works out to $25 per month. Ask us for the full association documents — they spell out exactly what the fee covers.

What are the property taxes on 1199 WESTWAY DRIVE?+

The most recent tax bill on record (2024) was $59,183. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

Are pets allowed at 1199 WESTWAY DRIVE?+

The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.

How does the price compare to other homes in Sarasota?+

At $6,999,000, this home is listed about 1128% above the Sarasota median of $569,945. The market section on this page shows how the area is trending.

Which schools are assigned to 1199 WESTWAY DRIVE?+

Southside Elementary School (elementary), Booker High School (high), Booker Middle School (middle) — Sarasota County School District. Always verify school assignments with the district before relying on them.

The brief

Five things that matter here

01Positioned at the premium end

$6,999,000 runs 724% above the SARASOTA 34236 median.

02Waterfront living

This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.

03Time on market is leverage

251 days on market against a Sarasota median of 62 — sellers in this position are usually ready to negotiate.

04Strong assigned schools

Southside Elementary School, Booker High School, Booker Middle School — Southside Elementary School rates 5 of 5. Always verify assignments with the district.

05The price has already moved

Listed at $7,999,000, now $6,999,000 — a $1.0M cut. The full history is in the market section below.

Listing courtesy of COLDWELL BANKER REALTY · Roger Pettingell. MLS #A4673170.

IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.

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