Listing Details for MLS #A4680569 - 7692 Cove Terrace, Sarasota, Fl 34231

Residential Property - Single Family Residence in Sarasota

Listing Price: $3,990,000Days on Market: 17

Description of Property

One or more photo(s) has been virtually staged. A truly exceptional opportunity, this premier point-lot estate in Dolphin Cove represents one of Sarasota’s most coveted waterfront opportunities. Perfectly positioned on Sarasota Bay, the property boasts approximately 210 feet of deep-water frontage, ideal for large yachts and sailboats, with panoramic, unobstructed bay views that feel endless. Whether your vision is to expand the existing residence, downsize in style, build a custom waterfront masterpiece, this rare property provides remarkable flexibility. The home now features a brand-new dock, along with newly enhanced elevation for peace of mind. Tucked away on a quiet cul-de-sac, the residence is designed to maximize its stunning setting, with walls of windows framing the water from nearly every angle. The open-concept Florida-style layout includes a split floor plan with two primary suites, one offering direct pool access. The chef’s kitchen is thoughtfully designed with premium finishes and functionality in mind: quartzite countertops (harder than granite with a soft, non-glare finish), custom solid-wood cabinetry, dual dishwashers, oversized sink, under-counter water filtration, double ovens with convection and roasting capabilities, a paneled refrigerator with ice maker, and two built-in wine refrigerators. The living and dining areas are equipped with motorized sun-filtering blinds, allowing effortless control of light and views. The main primary suite features a spa-style bath with dual vanities, a Jacuzzi soaking tub, walk-in shower, walk-in closet, and an electric fireplace (with a wood-burning option behind it), all opening seamlessly to the backyard and waterfront beyond. Outdoor living is elevated with a covered rear patio addition, complete with a professional-grade outdoor grill and rotisserie, finished in Italian shell-stone pavers compressed to 4% porosity—beautiful, durable, and resistant to staining. The PebbleTec swimming pool is surrounded by matching shell-stone decking accented with natural oblong shells that shimmer in the sunlight. Boating enthusiasts will appreciate the brand new private dock with a 13,000-pound boat lift, strategically placed along the right side of the seawall to preserve uninterrupted water views—no dock blocking your horizon here. Additional features include a concrete tile roof with a modified bitumen secondary membrane, hurricane-impact windows and doors, high-efficiency HVAC with updated ductwork, new water supply lines, an 80-gallon water heater, private well with zoned irrigation, and a two-and-a-half-car garage with sink and hurricane-rated doors. The seller reports that county guidelines (buyer to verify) allow for a structure of approximately 5,537 square feet on the main level, with the potential for a second story—an exceptionally rare opportunity for waterfront construction of this scale. This is a one-of-a-kind Sarasota Bay property offering privacy, scale, and timeless waterfront appeal. Please schedule s showing to fully appreciate the details and setting of this extraordinary home.The average asking price for a 3 bedroom/3 bath single family residence in this Zip code is $1,398,593. This single family residence is listed at about 285% of the average asking price. This is the only 3 bedroom/3 bath single family residence between $3,400,000 and $4,400,000 currently listed for sale in this Zip code.