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656 TROPICAL CIRCLE
About This Property
For buyers considering building on Siesta Key, this presents an increasingly rare opportunity. Instead of spending years acquiring land, designing, permitting, and building, you can enjoy a brand-new home from day one, with the home being offered furnished. Beautifully executed and ready now, this is a home built for the next chapter.
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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%.
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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 |
|---|---|---|---|
| Sep 4, 2026 | In contract | - | |
| In contract | |||
| Jul 30, 2026 | Listed by MICHAEL SAUNDERS & COMPANY | $4,150,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
| Dec 3, 2025 | Listed by COLDWELL BANKER REALTY | $4,195,000 | |
| Listed by COLDWELL BANKER REALTY | |||
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Perfectly positioned in Siesta Beach—just moments from the shoreline—this newly completed 2025 coastal residence delivers a rare combination of striking design, thoughtful functionality, and luxurious indoor-outdoor living. Spanning more than 5,200 square feet of air-conditioned space across two levels, this contemporary home has been professionally staged with high-end furnishings included in the sale, making it truly move-in ready.
The elevated architectural facade creates a commanding first impression. Step inside to an expansive great room with wood flooring, soaring coffered ceilings, crown molding, and a dramatic wood-paneled accent wall that anchors the living and dining spaces. Walls of pocketing impact-rated sliders dissolve the boundaries between indoors and out, opening to a resort-style entertaining area. A built-in wet bar with wine cooler enhances the home’s hospitality appeal.
The gourmet chef’s kitchen sits at the heart of the first floor, designed to showcase the outdoor views. Outfitted with quartz countertops, sleek shaker cabinetry, hidden appliances, a gas Wolf stove with dual ovens, walk-in pantry, and an oversized island, the kitchen is ideal for everyday use and large-scale gatherings. Adjacent formal dining space is framed by oversized windows, creating a sun-lit setting for memorable meals.
Outdoor living unfolds on a spacious covered patio featuring a tongue-and-groove ceiling treatment, summer kitchen with built-in gas grill, lounge and dining areas, and a heated pool and spa surrounded by beautifully landscaped grounds.
The primary suite—secluded on the main level—offers vaulted ceilings, dual walk-in closets, and a spa-inspired bath finished with quartz surfaces, stone-clad shower, and refined detailing. A dedicated office, first-floor laundry room, and a pre-planned shaft for a future elevator provide convenience and flexibility.
Upstairs, three additional bedroom suites each feature walk-in closets and en-suite baths. A study with generous storage, a media room, a bonus room, and a secondary laundry room complete the second level. A 45-foot balcony connects multiple rooms and overlooks the pool and tropical landscaping. The split three-car garage provides ample storage for vehicles, recreation gear, and coastal living essentials.
Situated in the coveted Siesta Beach neighborhood, the home offers a quiet residential setting just minutes from award-winning Siesta Key Beach, world-renowned for its quartz-sand shoreline and turquoise water. Explore Siesta Village for dining and boutique shopping, enjoy boating and kayaking along the Intracoastal Waterway, or venture over the bridge to Sarasota’s vibrant cultural scene—The Bay Park, Ringling Museum, Van Wezel Performing Arts Hall, Marina Jack, Selby Gardens, and the city’s acclaimed restaurants and galleries.
This newly constructed coastal estate delivers the perfect blend of design excellence, modern comfort, and proximity to everything that defines the Siesta Key lifestyle.
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| Jan 30, 2025 | Listed | $4,495,000 | |
| Listed | |||
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Welcome to Tropical Circle nestled away in a quiet neighborhood centrally located on Siesta Key. Designed and built by Jeff Tucker, Design 2 Build, this home combines elegance with functionality not to mention it also sits upon 15+ ft of elevation. With easy access from either bridge, minutes from world renowned Siesta Key Beach, close to Out of Door Academy and a quick ride to Siesta Key Village for shopping and dining, this prime location is hard to beat. Boasting over 5,000 sq ft of living space and over 7000 sq ft overall, every space and detail was carefully thought and utilized to its maximum potential. An open floor plan combining the kitchen, dining and living space makes it perfect for entertaining. The kitchen features top of the line appliances, solid wood cabinets with endless storage space and quartz countertops. There is an additional living space off the kitchen for a sitting area or the option for a breakfast nook. Step on to the large covered patio area and take a dip into the heated pool or a relaxing moment in the spa surrounded by lush greenery for privacy. The primary suite is located on the 1st floor with en-suite bathroom and oversized walk-in closet spaces ready for your customization. The 1st floor also has an office/den, laundry room, oversized storage/pantry and is designed to add an elevator to the 2nd floor in the future if so desired. All 3 bedrooms on the 2nd floor have en-suite bathrooms and spacious walk-in closets. There are 2 flex living spaces perfect for a playroom, media room, craft room, speak easy or your own personal gym. The possibilities are endless! Also featured upstairs is air-conditioned storage space and an additional laundry room for added convenience. Step out onto the 2nd floor terrace for an amazing sunrise, additional lounge space or more entertaining! With a view of the intracoastal and the downtown nightlight this space is fantastic all day long. The possibilities for this estate are endless and perfect for year round living or seasonal use. Don't miss out on the opportunity to own a piece of paradise!
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| Aug 13, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017