Some properties offer a view. This extraordinary 1.41 acre Oyster Bay estate offers an entire waterfront world of its own and is one of the best waterfront locations that Sarasota has to offer, with more than 430 feet along Sarasota Bay and a setting that feels virtually irreplaceable. Spanish and Mediterranean inspired architecture lends warmth, character, and timeless sophistication to this remarkable six bedroom residence, while its expansive shoreline creates a front row seat to spectacular sunsets, passing boats, and the natural beauty of Sarasota’s coastal landscape. With access to the Intracoastal Waterway and Gulf of Mexico, this is a rare opportunity for the luxury buyer who believes life is best lived on the water.
Spanning more than 10,000 total square feet, with nearly all principal living areas on one level, the home was created for both grand entertaining and relaxed waterfront living. Dramatic ceilings, distinctive architectural details, expansive windows, and a spectacular gallery space with an interior fountain establish a sense of occasion, while multiple intimate gathering areas make the estate equally comfortable for everyday life. A commercial grade chef’s kitchen with professional appliances is equipped for effortless entertaining, from elegant dinners to large celebrations.
The primary suite is a private sanctuary framed by beautiful bay views, featuring an expansive custom wardrobe and an indulgent bath with soaking tub, oversized shower, and dedicated massage and sauna room. Five additional bedroom suites provide exceptional privacy for family and guests, each with its own bath and generous storage.
Beyond the interiors, the estate unfolds like a private resort. A swimming pool, tennis court, fitness room, billiard room, private office, three car garage, abundant storage, and permitted dock replacement create a property designed for recreation, relaxation, and life on the water. A new roof completed in 2024 adds further value and peace of mind.
The address is equally exceptional. Oyster Bay Estates places you near The Field Club, Siesta Key, Southside Village, Sarasota Memorial Hospital, and Downtown Sarasota, offering remarkable access to world class beaches, boating, fine dining, shopping, arts, and culture while remaining tucked within a prestigious waterfront enclave.
For those with an even greater vision, the magnificent acreage and extraordinary bay frontage also present the opportunity to create a completely new custom waterfront estate. The property may offer potential for division into two buildable homesites if the existing residence is removed, subject to verification and applicable approvals. With its commanding Sarasota Bay frontage, boating access, acreage, privacy, and coveted location, 1136 N Lake Shore Drive is not simply a place to live. It is the opportunity to claim an extraordinary piece of Sarasota’s waterfront lifestyle.
Spanning more than 10,000 total square feet, with nearly all principal living areas on one level, the home was created for both grand entertaining and relaxed waterfront living. Dramatic ceilings, distinctive architectural details, expansive windows, and a spectacular gallery space with an interior fountain establish a sense of occasion, while multiple intimate gathering areas make the estate equally comfortable for everyday life. A commercial grade chef’s kitchen with professional appliances is equipped for effortless entertaining, from elegant dinners to large celebrations.
The primary suite is a private sanctuary framed by beautiful bay views, featuring an expansive custom wardrobe and an indulgent bath with soaking tub, oversized shower, and dedicated massage and sauna room. Five additional bedroom suites provide exceptional privacy for family and guests, each with its own bath and generous storage.
Beyond the interiors, the estate unfolds like a private resort. A swimming pool, tennis court, fitness room, billiard room, private office, three car garage, abundant storage, and permitted dock replacement create a property designed for recreation, relaxation, and life on the water. A new roof completed in 2024 adds further value and peace of mind.
The address is equally exceptional. Oyster Bay Estates places you near The Field Club, Siesta Key, Southside Village, Sarasota Memorial Hospital, and Downtown Sarasota, offering remarkable access to world class beaches, boating, fine dining, shopping, arts, and culture while remaining tucked within a prestigious waterfront enclave.
For those with an even greater vision, the magnificent acreage and extraordinary bay frontage also present the opportunity to create a completely new custom waterfront estate. The property may offer potential for division into two buildable homesites if the existing residence is removed, subject to verification and applicable approvals. With its commanding Sarasota Bay frontage, boating access, acreage, privacy, and coveted location, 1136 N Lake Shore Drive is not simply a place to live. It is the opportunity to claim an extraordinary piece of Sarasota’s waterfront lifestyle.
Property Details
Price:
$11,375,000
MLS #:
A4703378
Status:
Active
Beds:
4
Baths:
7
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
OYSTER BAY ESTATES
Neighborhood:
34231sarasotagulfgatebranch
Listed Date:
Aug 19, 2026
Finished Sq Ft:
10,234
Total Sq Ft:
11,720
Lot Size:
61,257 sqft / 1.41 acres (approx)
Year Built:
1954
See this Listing
Schools
Elementary School:
Phillippi Shores Elementary
Middle School:
Brookside Middle
High School:
Riverview High
Interior
Appliances
Disposal, Dryer, Electric Water Heater, Washer
Bathrooms
6 Full Bathrooms, 2 Half Bathrooms
Cooling
Central Air, Zoned
Flooring
Carpet, Marble, Tile, Hardwood
Heating
Central
Interior Features
Built-in Features, Ceiling Fan(s), Crown Molding, High Ceilings, Primary Bedroom Main Floor, Sauna, Skylight(s), Split Bedroom, Thermostat, Tray Ceiling(s), Vaulted Ceiling(s), Window Treatments
Laundry Features
Other
Levels
Two
Exterior
Architectural Style
Custom, Mediterranean
Attached Garage YN
1
Construction Materials
Block
Covered Spaces
3
Direction Faces
Northeast
Exterior Features
French Doors, Lighting, Sliding Doors, Tennis Court(s)
Fencing
Fenced, Other
Garage Spaces
3
Lot Features
Cul-De-Sac, FloodZone, City Lot, Irregular Lot, Landscaped, Level, Oversized Lot
Open Parking YN
1
Other Structures
Tennis Court(s)
Parking Features
Circular Driveway, Driveway, Garage Door Opener, Garage Faces Side, Guest
Patio And Porch Features
Patio, Screened
Roof
Tile
Spa Features
In Ground
View
Water
Waterfront Features
Bay/Harbor, Intracoastal Waterway
Window Features
Drapes, Shades, Shutters, Window Treatments
Financial
Tax Year
2025
Taxes
$86,399
Map
Community
- Address1136 N LAKE SHORE DRIVE SARASOTA FL
- SubdivisionOYSTER BAY ESTATES
- CitySARASOTA
- CountySarasota
- Zip Code34231
Market Summary
Current real estate data for Single Family in SARASOTA as of Aug 29, 2026
1,867
Single Family Listed
117
Avg DOM
471
Avg $ / SqFt
$1,428,013
Avg List Price
Property Summary
- Located in the OYSTER BAY ESTATES subdivision, 1136 N LAKE SHORE DRIVE SARASOTA FL is a Single Family for sale in SARASOTA, FL, 34231. It is listed for $11,375,000 and features 4 beds, 7 baths, and has approximately 10,234 square feet of living space, and was originally constructed in 1954. The current price per square foot is $1,111. The average price per square foot for Single Family listings in SARASOTA is $471. The average listing price for Single Family in SARASOTA is $1,428,013. To schedule a showing of MLS#a4703378 at 1136 N LAKE SHORE DRIVE in SARASOTA, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of COMPASS FLORIDA LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than InvestPro Properties, Inc. include the name of the listing broker. Neither the listing company nor InvestPro Properties, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 1136 N LAKE SHORE DRIVE
SARASOTA, FL
