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508 Siesta Drive

Sarasota, FL 34242

3 beds
3 baths
2,943 sqft
15,067 sqft lot
$1,087 per sqft
1994 build
– on site

One or more photo(s) has been virtually staged. Experience the ultimate in coastal living with this two-story residence in the highly desirable Bay Island Shores on the world-renowned Siesta Key. Located in a prime waterfront setting, this all-concrete block home boasts a new tile roof in 2016 and offers unparalleled access to deep water and sailboat-friendly waters, making it the perfect haven for boating enthusiasts. The property, set on over a .35-acre lot, is nestled in a protected basin and features a newer dock with composite decking, complete with two boat lifts (12,000 and 4,500 pounds), installed in 2018—truly a boater’s paradise.The home’s elevated design places all living spaces on the second floor, ensuring captivating water views and privacy. A secure, walled gated entrance leads to a spacious garage area of nearly 3,000 square feet, offering abundant storage for vehicles, watercraft, outdoor equipment, just off the pool and spa. With room for multiple cars, golf carts, motorcycles, and kayaks, this area can also be transformed into a game room, home theater, fitness space, or sauna—catering to a variety of lifestyles and interests.Perfectly suited for both relaxation and entertaining, the home features high ceilings, crown molding, an elevator, and expansive living areas that flow effortlessly into the outdoors. A wraparound balcony, accessible from nearly every room, allows you to enjoy the island breeze and scenic surroundings, while multiple indoor and outdoor spaces provide plenty of room to host family and friends.Located on the desirable north end of Siesta Key, this property is just moments from the renowned Siesta Key Beach and the vibrant downtown Sarasota area. Additionally, being within the city of Sarasota, the property offers the flexibility of weekly rentals, making it an excellent investment opportunity. This exceptional home combines the best of island living with modern amenities—your coastal dream awaits.

Listing courtesy of STELLAR_MLS / PREMIER SOTHEBYS INTL REALTY

Last checked: Checking… • Last updated Dec 22, 2024 •

MLS# A4632039 —

The Building

Year Built:

1994
New Construction:

false
Construction Materials:

Block
Building Elevator:

true
Levels:

Two
Roof:

Tile
Foundation Details:

Slab
Patio And Porch Features:

Deck
Accessibility Features:

Accessible Elevator Installed
Building Area Total:

6544
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Built-in Features
Furnished:

Furnished
Flooring:

Tile
Additional Rooms:

Great Room
Fireplace:

true
Fireplace Features:

Gas

Room Dimensions

Living Area:

2943
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

US41 + Siesta Drive - Head West over the "north" Siesta Bridge. The home will be located on the left side of the road just before Flamingo..
Latitude:

27.301738
Longitude:

-82.553476
Coordinates:

-82.553476, 27.301738

The Property

Parcel Number:

2019100010
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Condition:

Completed
Lot Features:

Flood Insurance Required
Lot Size Acres:

0.35
Lot Size Area:

15067
Lot Size SqFt:

15067
Lot Size Units:

Square Feet
Total Acres:

1/4 to less than 1/2
Zoning:

RSF1
Direction Faces:

Northwest
View:

Water
View:

true
Exterior Features:

Balcony
Frontage Length:

Canal: 60
Water Source:

Public
Road Surface Type:

Paved
Road Frontage Type:

Street Paved
Flood Zone Code:

AE
Flood Zone Panel:

12115C0141G
Additional Parcels:

false
Homestead:

true
Lease Restrictions:

true
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

24
Tax Legal Description:

LOT 24 BAY ISLAND SHORES UNIT 1
Tax Book Number:

5-94
Tax Annual Amount:

10051

Beds

Bedrooms Total:

3

Baths

Total Baths:

2.5
Total Baths:

3
Full Baths:

2
Half Baths:

1

The Listing

Virtual Tour URL Unbranded:

https://show.tours/508siestadr?b=0
Virtual Tour URL Unbranded 2:

https://vimeo.com/1036387800?share=copy
Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

BB/HS Internet Available
Sewer:

Public Sewer

Appliances

Appliances:

Built-In Oven
Laundry Features:

Inside

The Community

Subdivision Name:

BAY ISLAND SHORES
Senior Community:

false
Community Features:

None
Water View:

Canal
Water View:

true
Water Access:

Bay/Harbor
Water Access:

true
Water Extras:

Bridges - No Fixed Bridges
Waterfront:

true
Waterfront Features:

Canal Front
Spa:

true
Spa Features:

Heated
Pool Private:

true
Pool Features:

Deck
Pets Allowed:

Cats OK
Association:

false
Ownership:

Fee Simple
Association Approval Required:

false
Waterfront Feet Total:

60

Parking

Garage:

true
Attached Garage:

true
Garage Spaces:

2
Carport:

false
Covered Spaces:

2

Monthly cost estimate

Asking price

$3,200,000

Expense	Monthly cost
Mortgage	$17,135
Taxes	$837
Insurance	$880
Utilities	$178 See report
Total	$19,030/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
12/11/24 Dec 11, 2024	Listed / Active	STELLAR_MLS	$3,200,000

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This house located in Bay Island, Sarasota, FL 34242 is currently for sale for $3,200,000. 508 Siesta Drive is a 2,943 square foot house with 3 beds and 3 baths that has been on Estately for 11 days. 508 Siesta Drive is in the Bay Island neighborhood of Sarasota and has a WalkScore® of 2, making it car-dependent. This house is in the attendance area of Brookside Middle School, Sarasota High School, and Phillippi Shores Elementary School.

Listing Courtesy of: STELLAR_MLS and PREMIER SOTHEBYS INTL REALTY.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.