by Global Lifestyle Properties

See Home Value
$1,500,000
● House - Off Market

7320 MELALEUCA WAY

SIESTA KEY, FL 34242
bedrooms
4 Beds
bathrooms
4 Baths
square feet
2,970 Ft²
$8,862
Est. Monthly
$450
HOA / Fees
2.06%
Cap Rate

About This Property

Welcome to the Sanderling Club, one of Siesta Key's exclusive and sought-after neighborhoods, offering luxury living in the heart of paradise. As the island's only gated single-family home community with 24-hour staffed security, Sanderling Club is renowned for its breathtaking beachfront properties, lush landscapes and outstanding amenities. This unique property offers two separate residences, with new roofs and exterior paint, and includes a combined four bedrooms, four bathrooms and 3,766 square feet of refined living space, including additional non-conforming living areas. Among grand live oaks and overlooking the waters of the Heron Lagoon with a combined nearly 50 acres of tranquil waters - a kayak enthusiast's dream - the home is designed to embrace natural beauty that surrounds it. The main residence was originally built in 1960 and completely remodeled in 2010, featuring beautiful, polished travertine floors, soaring vaulted ceilings with skylights that illuminate the main living areas, and custom built-ins throughout. A modern chef's kitchen showcases rich-toned cabinetry, stone countertops, a five-burner gas cooktop, built-in stainless steel ovens and refrigerator, a spacious pantry, and a large laundry room with built-in desk and ample storage. This home also features an open-concept den with built-ins. The dining room, wrapped in a wall of impact glass windows with lanai access, creates an ideal space for casual living and elegant entertaining. The private owner's/primary suite occupies the entire upper level, offering an en-suite bath, private viewing deck, custom built-in bamboo cabinetry and convenient access to the guest house/in-law suite. The ground level includes a bedroom, bath, flex room with kitchenette, and an air-conditioned one-car garage with new epoxy-coated floors and 13-by-21-foot loft storage space. The guest house, with elevator access, was built in 2008 and features a combined living room and kitchen space, two bedrooms, a full bath, laundry facilities, two-car garage with additional storage and expansive decks overlooking the tropical landscaped backyard and Heron Lagoon waters - the ideal retreat for guests or extended family. The expansive backyard offers space to create your tropical oasis, with room for a pool and spa. Sanderling Club's premier amenities include new Har-Tru tennis courts, pickleball, playground and a newly remodeled clubhouse (coming soon). Boat slips, when available, offer direct access to Sarasota Bay, the Intracoastal Waterway and the Gulf. All of this is just minutes from Siesta Key's world-famous crystal quartz sand beaches and the charming shops and restaurants of Siesta Village. Plus, downtown Sarasota's vibrant arts and culture scene - with its theaters, ballet, opera, museums, galleries and shopping - is just a short drive away. Don't miss this rare opportunity to experience the best of coastal luxury living on Siesta Key.
Unit Size
2,970 Ft²
Days on Market
306 days
Land Size
0.72 acres
Price per sqft
$505
Property Type
House
Property Taxes
$1,046
HOA Dues
$450
Year Built
1960

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Last updated: 8 months ago (Stellar MLS #A4652512)

Price History

Date / Event Date Event Price
Mar 17, 2026 Sold
Sold
Feb 21, 2026 In contract -
In contract
Feb 16, 2026 Price Decreased $1,500,000
↓ $250K (14.3%)
Price Decreased
Feb 11, 2026 Relisted $1,750,000
Relisted
Feb 2, 2026 In contract -
In contract
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Property Highlights

Garage
Parking Available
Elevator
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 2005
  • Building Count: 2
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 12
  • Building Style: 34
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 390
  • Parking Space Count: 1
  • Patio Type: 69
  • Porch Type: 102
  • Pool Type: 0
  • Location Influence Type: 27

    Dimensions

  • Lot Size Square Feet: 31,406
  • Total Building Area: 4,123
  • Gross Building Area: 4,123
  • Building Area: 2,970
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,970
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SIESTA PROPERTIES INC UNIT 2
  • Land Acres: 0000000721
  • Standard Land Use Code: 1110
  • County Land Use Code: 0810
  • State Land Use Code: 008
  • Legal Description 1: NLY 75 FT OF LOT 2 & SLY 75 FT OF LOT 3 SUBJ TO A RD EASMT SIESTA PROPERTIES INC UNIT 2 SEC M

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: L018 A055 F052
  • Census Tract: 001909

Zoning

  • Zoning: RE2

Geography

  • Assessors Map Reference: 29-19
  • Account Number: 0110120028
  • Subdivision Tract Number: 894
  • Parcel: 0110-12-0028
  • Lot: 2,3
  • Meridian: SEC 20 TWN 37S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.2435
  • Longitude: -82.5294

    Address

  • Full Address: 7320 Melaleuca Way
  • Legal Unit: 2
  • Address - House Number: 7320
  • Address - Street Name: Melaleuca
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C071
  • 4-Digit Zip Code: 2654
  • Zip Code: 34242

Valuation

    Tax

  • Total Area: 4,502
  • Tax Year: 2023
  • Tax Amount: $1,255,734
  • Tax Rate Code Area: 1800

    Appraisal Valuation

  • Standard Deviation: 0.483
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 3
  • Final Value: 2,075,486
  • High Value: 3,078,001
  • Low Value: 1,072,970

    Market Valuation

  • Market Total Value: $1,803,200
  • Market Land Value: $895,700
  • Market Improvement Value: $907,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,068,028

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 06, 2004
  • Current Sale Recording Date: Jan 07, 2004
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2004003411
  • Previous Sale Recording Date: Apr 27, 2001
  • Previous Sale Contract Date: Apr 13, 2001
  • Previous Sale Amount: $525,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: VAR
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 Sanderling Beach


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Frequently Asked Questions

When was property at 7320 Melaleuca Way built and last sold?
The property at 7320 Melaleuca Way was built in 1960 and last sold on Jan 6, 2004 for $580,000.
How much is this home worth?
The estimated value of the home located at 7320 Melaleuca Way is $1,719,384.
What are some comparable homes to 7320 Melaleuca Way?
There are currently no comparable homes to 7320 Melaleuca Way.