by Global Lifestyle Properties

See Home Value
$2,400,000
● House - Off Market

508 SIESTA DRIVE

SARASOTA, FL 34242
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,943 Ft²
$13,109
Est. Monthly
0.82%
Cap Rate

About This Property

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.
Unit Size
2,943 Ft²
Days on Market
414 days
Land Size
0.35 acres
Price per sqft
$849
Property Type
House
Property Taxes
$838
HOA Dues
-
Year Built
1994

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Last updated: 9 months ago (Stellar MLS #A4632039)

Price History

Date / Event Date Event Price
Jan 29, 2026 Sold
Sold
Jan 7, 2026 In contract -
In contract
Nov 13, 2025 Price Decreased $2,499,000
↓ $251K (9.1%)
Price Decreased
Apr 18, 2025 Price Decreased $2,750,000
↓ $200K (6.8%)
Price Decreased
Feb 12, 2025 Price Decreased $2,950,000
↓ $250K (7.8%)
Price Decreased
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Property Highlights

Elevator
Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 640
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 111
  • Pool Type: 8
  • Location Influence Type: 27

    Dimensions

  • Lot Size Square Feet: 15,067
  • Total Building Area: 3,583
  • Gross Building Area: 4,001
  • Building Area: 2,943
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,943
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAY ISLAND SHORES UNIT 1
  • Land Acres: 0000000346
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 24 BAY ISLAND SHORES UNIT 1

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: T02 T02D A055
  • Census Tract: 001903

Zoning

  • Zoning: RSF1

Geography

  • Assessors Map Reference: 21
  • Account Number: 2019100010
  • Subdivision Tract Number: 944
  • Parcel: 2019-10-0010
  • Lot: 24
  • Meridian: SEC 36 TWN 36S RNG 17E
  • Municipality: CITY OF SARASOTA
  • Latitude: 27.3017
  • Longitude: -82.5535

    Address

  • Full Address: 508 Siesta Dr
  • Legal Unit: 1
  • Address - House Number: 508
  • Address - Street Name: Siesta
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C028
  • 4-Digit Zip Code: 1048
  • Zip Code: 34242

Valuation

    Tax

  • Total Area: 6,544
  • Tax Year: 2023
  • Tax Amount: $1,005,134
  • Tax Rate Code Area: 0200

    Appraisal Valuation

  • Standard Deviation: 0.1754
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 77
  • Final Value: 3,351,526
  • High Value: 3,939,712
  • Low Value: 2,763,340

    Market Valuation

  • Market Total Value: $3,070,800
  • Market Land Value: $2,017,900
  • Market Improvement Value: $1,052,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $672,617

    Exemptions

  • Widow Exemption: Yes
  • Homeowner Exemption: Yes
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 Bay Island Shores


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Frequently Asked Questions

When was property at 508 Siesta Drive built and last sold?
The property at 508 Siesta Drive was built in 1994 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 508 Siesta Drive is $0.
What are some comparable homes to 508 Siesta Drive?
There are currently no comparable homes to 508 Siesta Drive.