$2,250,000

1221 S Basin Ln Sarasota, FL 34242

Estimated payment $13,746/month

Total Views 3,319
0.49 Acre
$4,591,837 Price per Acre
21,344 Sq Ft Lot

Highlights

  • 159 Feet of Bay Harbor Waterfront
  • White Water Ocean Views
  • Dock made with wood
  • Phillippi Shores Elementary School Rated A
  • Water access To Gulf or Ocean
  • Tennis Courts

About This Lot

A rare waterfront opportunity. Ideally just three lots from Sarasota Bay on sailboat water, with no bridges to the bay, this property presents an opportunity to be a member of the Sanderling Club and live on boating water. Renovate or elevate the structure or raze and build your dream luxury home in one of Florida’s desired coastal communities. For boating enthusiasts, the property provides direct sailboat access to Sarasota Bay, the Intracoastal Waterway and Gulf of Mexico via the recently reopened Midnight Pass. Please note the existing structure on the property was storm-damaged, has been remediated and is ready for the next owner's vision. The property is being sold for land value, offering a unique opportunity to create your custom waterfront estate on the private, nearly one-half-acre property. Outside the gates, yet part of the Sanderling Club, residents enjoy a serene lifestyle with access to social events and a private community beach where, each evening, the Gulf of Mexico paints the sky with breathtaking sunsets, creating a picture-perfect backdrop for relaxation. This property is more than just a piece of land, it’s an invitation to embrace the beauty, luxury and convenience of coastal living. Conveniently close to Siesta Key’s world-renowned crystal quartz sands, Turtle Beach, and the vibrant dining and shopping scene of Siesta Village and the South Village. Just a short drive away, downtown Sarasota offers a wealth of cultural attractions, including theaters, ballet, opera, museums and art galleries.

Listing Agent

Judie Berger

PREMIER SOTHEBY'S INTERNATIONAL REALTY Brokerage Phone: 941-364-4000 License #0671663 Listed on: 02/17/2025

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,423

Lot Details

  • 0.49 Acre Lot
  • Lot Dimensions are 184x150x159x175
  • 159 Feet of Bay Harbor Waterfront
  • Cul-De-Sac
  • Southeast Facing Home
  • Property is zoned RE2

HOA Fees

  • $450 Monthly HOA Fees

Schools

  • Phillippi Shores Elementary School
  • Brookside Middle School
  • Sarasota High School

Additional Features

  • White Water Ocean Views
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 0110050005

Community Details

Overview

  • Association fees include ground maintenance, management, private road, recreational facilities, security
  • Capstone / Dylan Clements Association, Phone Number (941) 544-8838
  • Sanderling Club Community
  • Sanderling Club/Siesta Properties Inc Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to building or community restrictions, deed restrictions

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Community Playground
  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Dock made with wood

Security

  • Security Guard

Property Details

Property Type

Land

Est. Annual Taxes

$10,423

Lot Details

0

HOA Fees

$450 per month

Listing Details

  • HOA Fee Includes: Maintenance Grounds, Management, Private Road, Recreational Facilities, Security
  • Property Type: Land
  • Lot Size Acres: 0.49
  • Lot Size Sq Ft: 21221
  • Directions to Property: US 41 South; to Stickney Point Road; left onto Midnight Pass Rd; left onto S. Basin Lane.
  • Status: Active
  • Street Direction: S
  • Ownership: Fee Simple
  • Escrow State: FL
  • List Office Head Office Key Nume: 537903989
  • RATIO Current Price By Calculate: 106.03
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 1
  • Amenities Additional Fees: Marina use is on a first-come-first-serve basis
  • MFR_DockDescription: Dock - Wood
  • MFR_DockYN: 1
  • MFR_CommunityAssociationWaterFeatures: Marina,Water Access,Waterfront
  • Attribution Contact: 941-364-4000
  • Tax Year: 2024
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 1221

Exterior Features

  • Direction Faces: Southeast
  • View: Water
  • Water Body Name: SANDERLING MARINA HARBOR
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Water Access: Bay/Harbor,Gulf/Ocean,Intracoastal Waterway
  • Water Extras YN: 0
  • Water View: Bay/Harbor - Full
  • Water View YN: 1
  • Waterfront Feet Total: 159
  • Price Per Acre: 4591837
  • Water Frontage Feet Bay Harbor: 159

Utilities

  • Utilities: Cable Available, Electricity Available, Sewer Connected, Water Connected
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Deed Restrictions, Gated Community - Guard, Playground, Special Community Restrictions, Tennis Court(s)
  • Association Amenities: Other, Pickleball Court(s), Tennis Court(s)
  • Association Fee: 5400
  • Association Fee Frequency: Annually
  • Association Name: Capstone / Dylan Clements
  • Phone: 941-544-8838
  • Association: Yes
  • Association 2 YN: 0
  • Pet Restrictions: See HOA documents
  • Association Fee Requirement: Required
  • Association Email: dylan@capstoneam.com

Fee Information

  • Total Annual Fees: 5400.00
  • Total Monthly Fees: 450.00
  • Monthly HOA Amount: 450.00

Schools

  • Elementary School: Phillippi Shores Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RE2
  • Parcel Number: 0110050005
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Features: Cul-De-Sac, In County
  • Lot Dimensions: 184x150x159x175
  • Flood Zone Code: AE
  • Lot Size Square Meters: 1971

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Annual Amount: 10423
  • Tax Book Number: 411-480
  • Tax Lot: 6

Multi Family

  • Waterfront Features: Bay/Harbor

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,104 $872,809 -- --
2023 $10,104 $847,387 $0 $0
2022 $9,930 $822,706 $0 $0
2021 $9,967 $798,744 $0 $0
2020 $10,025 $787,716 $0 $0
2019 $9,734 $770,006 $0 $0
2018 $9,551 $755,649 $0 $0
2017 $9,514 $740,107 $0 $0
2016 $9,494 $839,600 $635,400 $204,200
2015 $9,673 $923,300 $711,500 $211,800
2014 $9,641 $703,578 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2025 02/17/25 Price Changed $2,250,000 0.0% $776 / Sq Ft
02/17/2025 02/17/25 For Sale $2,250,000 -4.3% --
12/22/2024 12/22/24 For Sale $2,350,000 -- $810 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Accommodation
Warranty Deed -- --
Trustee Deed $467,000 --
Joint Tenancy Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $325,000 No Value Available
Previous Owner $303,000 No Value Available
Source: Public Records

Source: Stellar MLS

MLS Number: A4640949

Stellar MLS

APN: 0110-05-0005