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Street view of 387 S Shore Dr, Sarasota, FL 34234, USA

387 S Shore Dr, Sarasota, FL 34234, USA

Estimated Market Value

$0
Range: $5,791,020 - $6,798,153
ZZillow Zestimate: $5,813,300
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Valuation Comparison

Our Estimate
$6,294,587
Range: $5,791,020 - $6,798,153
Zillow Zestimate®View on Zillow
$5,813,300
Range: $4,941,305 - $6,801,561
30-Day Trend
+$262,233(4.7%)

Zestimate® is a registered trademark of Zillow, Inc. Valuation models differ based on data availability, proprietary algorithms, and recent market shifts.

3Beds
3Baths
5,636SqFt
2022Built
2Garage

AI Property Analysis

This stunning 2022-built residence at 387 S Shore Drive offers an unparalleled luxury living experience in Sarasota, Florida. Spanning an impressive 5,636 square feet of living space across two stories, this home features 3 spacious bedrooms and 3.5 elegant bathrooms within its 8 thoughtfully designed rooms. The quality of construction is evident with its masonry structure, stucco exterior, gypsum board interiors, and durable ceramic flooring, all built on a secure piling foundation, ensuring both beauty and resilience. Designed for the discerning homeowner, this property truly embraces the coveted Florida waterfront lifestyle. It boasts direct canal access complete with a private boat dock/ramp and a sturdy bulkhead/sea wall, perfect for boating enthusiasts. Outdoor entertaining is a dream with a sparkling pool, an expansive patio, and inviting open porches. Inside, comfort and sophistication are enhanced by modern air conditioning, efficient heating, two cozy fireplaces, and an attached two-car garage, providing ample space and convenience. Situated on a generous 0.517-acre lot within the desirable Sapphire Shores subdivision, this home offers both privacy and prime access to Sarasota's famed aquatic offerings. Its relatively new construction means contemporary design, systems, and finishes are already in place, presenting a turn-key opportunity for those seeking a luxurious, low-maintenance haven. This residence represents an exceptional opportunity to own a meticulously crafted, amenity-rich waterfront property in one of Florida's most sought-after coastal communities.

Your Capital Gains Tax Savings

Section 121 Primary Residence Exemption Analysis

Total Potential Taxable Gain
$0
Based on estimated value of $6,294,587 minus purchase price of $6,350,000
✅ You likely qualify! You've owned this home for 3.5 years (minimum 2 years required).
⚠️ This tax benefit may not last forever. The Section 121 exclusion is frequently debated in Congress. Knowing your equity options now is crucial for long-term wealth planning.

Single Filer

Up to $250K Exclusion

Protected Amount:$0
Capital Gains Rate:20%
Potential Tax Savings:$0

Married Filing Jointly

Up to $500K Exclusion

Protected Amount:$0
Capital Gains Rate:20%
Potential Tax Savings:$0

Tax Liability Comparison

* This analysis is purely an estimate based on assumed 20% capital gains rates and available public data. We are not tax professionals. Please consult a licensed CPA to verify your exact eligibility and tax implications.

Financial Projections

Estimated Net Proceeds

Estimated Cash in Hand:$762,999

Equity Breakdown

Cost to Build Today$1,296,280
Investor Quick-Sale Est.$4,169,534
Monthly Rental Est.$25,178/mo

Your Appreciation Story

Your Annual Return-0.3%Compound growth rate
Historical Average3.5%Long-term US average
Above-Average Growth+$0Growth above historical 3.5% baseline

Your home has appreciated at -0.3% per year — below the historical average of 3.5%. This extraordinary growth was driven by recent market conditions that are unlikely to repeat. Understanding this context is key to making smart decisions about your equity.


What Could Your Equity Do?

If you sold today and invested your $762,999 equity in the S&P 500, in 10 years it could grow to $1,979,023 — compared to an estimated $4,071,426 in total equity by staying in the home.


The Hidden Cost of Holding

Insurance (0.4% est)$2,098/mo
Maintenance (1% est)$5,245/mo
Opportunity Cost (5% est)$3,179/mo
Total Monthly Holding Cost$10,523/mo

* Estimates do not include county, city, or other annual property taxes.

While your home appreciates, it costs approximately $10,523/month to hold — including $3,179/month in opportunity cost from equity that could be earning interest elsewhere.

Market Pulse

Market Temp
❄️ Cool

Slower price growth and extended listing times suggest a more buyer-friendly environment.

Your Neighborhood

Nestled in the picturesque Sapphire Shores subdivision, this address places you in the heart of Sarasota, a city celebrated for its vibrant arts, culture, and stunning Gulf Coast beaches. Residents here enjoy a sophisticated coastal lifestyle with easy access to exquisite dining, upscale shopping, and abundant recreational opportunities, all supported by the highly-rated Sarasota County School District. The current market conditions continue to highlight the enduring appeal of Sarasota's waterfront properties, solidifying homeowners' investments in this thriving and desirable community.

Market Trend Predictions

1 Year Forecast$6,514,898Range: $6.3M - $6.5M
3 Year Forecast$6,978,921Range: $6.3M - $7M
5 Year Forecast$7,475,995Range: $6.3M - $7.5M

Estimated Monthly Equity Gain
+$18,359/mo

Based on moderate market appreciation projections, your property generates passive wealth each month.

❄️Market Outlook & Sell Window

Buyer's market — consider waiting for conditions to improve

* Projections are estimates based on historical trends and local market data, and do not guarantee future performance.

⚖️ This analysis is for informational purposes only and does not constitute professional advice. Always consult with a licensed local real estate agent, appraiser, attorney, and/or accountant before making any real estate decisions or entering into any agreements.
David Liberatore

Report Generated By

David Liberatore

Premier Sotheby's International Realty