548 SIESTA DRIVE
About This Property
Welcome to this luxury coastal retreat on North Siesta Key, perfectly positioned inside Sarasota city limits, making it a rare short-term rental–friendly opportunity. With deep water access just seconds from the Bay, two boat lifts, and a jet ski lift, this home is tailor-made for boaters, water enthusiasts, and investors seeking a strong rental return.
Property Highlights
• 3 bedrooms | 3.5 bathrooms | Bonus room
• Over 4,300 sq. ft. of living space
• Nearly 5,000 sq. ft. total under roof
• Prime North Siesta Key location in city limits
• Quick drive to Downtown Sarasota and Siesta Key Village
• Short-term rental potential in one of Sarasota's hottest markets
Interior Features
As you step inside, you're greeted by soaring vaulted ceilings and gleaming oversized porcelain white tile floors that set the tone for the home's regal, modern style.
• Living Room: Expansive and open with dramatic volume ceilings
• Bonus Room: Hidden retreat above the garage ideal for a quiet office, playroom, or guest space
• First Suite: Convenient en suite bedroom on the main floor
• Primary Suite: Oversized retreat with a private screened lanai, spacious walk-in closets, and a beautifully remodeled spa-style shower
• Third Bedroom: Private en suite with direct access to the pool deck
The chef's kitchen and entertaining area have been fully remodeled with high-end finishes, blending function and style for both everyday living and gatherings.
Outdoor Living
Step outside to your large lap pool with water views, framed by paver decking and multiple lounging areas. With direct boating access, two boat lifts, and a jet ski lift, the water is truly an extension of your backyard.
Key Upgrades
This home has been renovated from top to bottom, ensuring a move-in-ready experience with timeless finishes and thoughtful design details.
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Cap Rate Calculator
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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017