by Global Lifestyle Properties

See Home Value
$2,800,000
● House - Off Market

497 ISLAND CIRCLE

SARASOTA, FL 34242
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,964 Ft²
$15,818
Est. Monthly
1.62%
Cap Rate

About This Property

Price improvement! Discover your coastal retreat in the heart of Siesta Key, where lush gardens create a relaxing oasis near the Gulf. This stunning four-bedroom, three-and-a-half-bath coastal contemporary home offers a blend of luxury and convenience, perfect for full-time living or as your ideal vacation residence. Just .2 miles from the pristine, powdery white sands of Siesta Beach and only a half mile from the charming shops and restaurants of Siesta Village, this home offers an unbeatable location. With everything you need nearby, you can park your car and unwind in paradise. The moment you step inside, you are greeted by a color palette inspired by the sea and nature, creating a bright and welcoming atmosphere. The open-concept floor plan features a great room with built-in cabinetry and fireplace, a dining area, and a chef's kitchen and breakfast bar, which boasts custom cabinetry, quartz countertops and a suite of GE Cafe appliances, including a smart 5-in-1 oven, wall convection oven and a five-burner range with a pot filler. New pendant lighting and dining chandelier add to the inviting feel. The new, custom-designed bar room is the perfect place to gather and enjoy a cup of coffee in the morning with the new Miele coffee system, as well as watch sporting events with family and friends. Entertaining will be a pleasure with the two Uline wine refrigerators and freezer drawer. A private balcony overlooks the pool, with direct access to the expansive backyard via a curved staircase. A bedroom on the main floor doubles as a second primary suite, offering a luxurious en-suite bath, complete with stone countertops, custom cabinetry, glass subway tiles, and river stone floors-a convenient half bath rounds out the main level. Upstairs, the home offers even more space with a bonus room equipped with a mini kitchen and a west-facing balcony for those unforgettable, mango and fuchsia Siesta Key sunsets. The primary suite includes a private balcony overlooking the pool, while two additional guest bedrooms and a shared bath complete the upper level. Throughout the home, you'll find high-quality touches, including crown molding, transom windows, tray ceilings, and wide-plank wood and bamboo flooring. Go outside and discover the gem of this home, the professionally landscaped gardens. Tropical and lush, the private oasis offers ample space to sunbathe, swim in the large freeform saltwater pool, or relax under covered areas designed for entertaining, dining, and lounging. After a day at the beach, the outdoor shower will quickly become a favorite. In the evenings, gather around the fire pit to stargaze or unwind with family and friends. This home also boasts numerous upgraded amenities, including a new three-floor elevator from the garage, metal roof (2023), Lennox five-ton HVAC (2024), fresh exterior paint, wood balcony ceilings, garage doors (2022), newly renovated great room and bar room with custom built-ins, a whole-house gas generator, irrigation well and eco-friendly faux turf. With Hardie board siding, a paver driveway, and extensive landscape lighting, this home is both functional and beautiful. Ideally located on Siesta Key, close to Out-of-Door Academy and only 15 minutes from downtown Sarasota's vibrant shopping, dining, and cultural attractions, this home is move-in ready. Don't miss out on the opportunity to own a piece of paradise; your dream home awaits!
Unit Size
2,964 Ft²
Days on Market
92 days
Land Size
0.31 acres
Price per sqft
$978
Property Type
House
Property Taxes
$1,578
HOA Dues
-
Year Built
2007

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Last updated: 2 years ago (Stellar MLS #A4647686)

Price History

Date / Event Date Event Price
Jul 11, 2025 Sold
Sold
Jun 11, 2025 In contract -
In contract
May 2, 2025 Price Decreased $2,900,000
↓ $100K (3.3%)
Price Decreased
Apr 10, 2025 Listed by PREMIER SOTHEBYS INTL REALTY $3,000,000
Listed by PREMIER SOTHEBYS INTL REALTY
Jul 11, 2022 Sold
Sold
Show More

Property Highlights

Garage
Elevator
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 1,005
  • Parking Space Count: 4
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 113

    Dimensions

  • Lot Size Square Feet: 13,486
  • Total Building Area: 3,969
  • Gross Building Area: 3,969
  • Building Area: 2,964
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,964
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SARASOTA BEACH
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 21 & 22, LESS N 12 FT THEREOF, BLK 5, SARASOTA BEACH

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: L018 A055 F052
  • Census Tract: 001904

Zoning

  • Zoning: RSF2

Geography

  • Account Number: 0082110071
  • Subdivision Tract Number: 289
  • Parcel: 0082-11-0071
  • Block: 5
  • Lot: 21
  • Meridian: SEC 12 TWN 37S RNG 17E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.2712
  • Longitude: -82.5574

    Address

  • Full Address: 497 Island Cir
  • Address - House Number: 497
  • Address - Street Name: Island
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C098
  • 4-Digit Zip Code: 1939
  • Zip Code: 34242

Valuation

    Tax

  • Total Area: 5,058
  • Tax Year: 2023
  • Tax Amount: $1,843,257
  • Tax Rate Code Area: 1800

    Appraisal Valuation

  • Standard Deviation: 0.1931
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 74
  • Final Value: 2,216,838
  • High Value: 2,644,919
  • Low Value: 1,788,757

    Market Valuation

  • Market Total Value: $1,686,300
  • Market Land Value: $767,000
  • Market Improvement Value: $919,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,559,974

    Sales

  • Current Sale Contract Date: Jul 08, 2022
  • Current Sale Recording Date: Jul 11, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 116144
  • Previous Sale Recording Date: Mar 06, 2008
  • Previous Sale Contract Date: Feb 24, 2008
  • Previous Sale Amount: $909,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Sarasota Beach


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Frequently Asked Questions

When was property at 497 Island Circle built and last sold?
The property at 497 Island Circle was built in 2007 and last sold on Jul 8, 2022 for $2,450,000.
How much is this home worth?
The estimated value of the home located at 497 Island Circle is $0.
What are some comparable homes to 497 Island Circle?
There are currently no comparable homes to 497 Island Circle.