30 ISLAND CIRCLE
About This Property
Presenting a rare and exclusive opportunity to build your dream estate at 30 Island Circle, located in one of Sarasota's most prestigious Siesta Key enclaves-Palm Island. This southern facing canal-front lot offers 58 feet of pristine water frontage on a quiet, dead-end canal with no through boat traffic, creating a private and peaceful setting ideal for refined waterfront living.
Enjoy daily encounters with dolphins, manatees, and native Florida wildlife, right from your future terrace. This property is a paradise for boaters, kayakers, paddleboarders, and anglers alike. A short boat ride from your home will transport you into Roberts Bay and the Gulf of America.
A newer seawall and operational boat lift are already in place, adding substantial value and convenience for future development.
This property is one of the closest waterfront lots to Siesta Key Beach, with Beach Access #10 less than two blocks away-a rare combination of boating lifestyle and beach proximity that is virtually unmatched. Palm Island itself offers a sense of sanctuary with no through traffic, enhancing the exclusivity and privacy discerning buyers seek.
Just a 5-minute walk to Siesta Village, enjoy effortless access to high-end dining, boutique shopping, and vibrant island culture, all while returning home to your private oasis on the water.
Whether you envision a sleek modern retreat or an elegant coastal compound, 30 Island Circle presents an unparalleled opportunity to design and build an extraordinary waterfront residence in one of Florida's most coveted island communities. John Cannon has submitted preliminary renderings of a luxury home on the buildable envelope of the property.
Luxury. Location. Lifestyle. This is coastal living at its finest.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 12, 2026 | Sold | ||
| Sold | |||
| Mar 11, 2026 | In contract | - | |
| In contract | |||
| Feb 28, 2026 | Price Decreased |
$869,000
↓ $10K
(1.1%) | |
| Price Decreased | |||
| Jan 23, 2026 | Price Decreased |
$879,000
↓ $10K
(1.1%) | |
| Price Decreased | |||
| Dec 17, 2025 | Price Decreased |
$889,000
↓ $61K
(6.4%) | |
| Price Decreased | |||
Property Highlights
Building Info
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Status
Price/ft²
Listed On
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About Sarasota Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017