$8,495,000
$2M PRICE DROP

1249 S Basin Ln Sarasota, FL 34242

Estimated payment $50,624/month

Total Views 12,858
6 Beds
6.5 Baths
10,455 Sq Ft
$813 Price per Sq Ft

Highlights

  • 534 Feet of Waterfront
  • White Water Ocean Views
  • Water access To Gulf or Ocean
  • Phillippi Shores Elementary School Rated A
  • Guest House
  • Home Theater

About This Home

This extraordinary waterfront property offers an unparalleled opportunity to create a stunning retreat overlooking the tranquil waters of Little Sarasota Bay. Spanning over 1.5 acres, this expansive corner parcel boasts more than 500 feet of water frontage on two sides, providing exceptional privacy and sweeping coastal views. Situated within the exclusive Sanderling Club on Siesta Key, this unique property is poised for transformation. The existing six-bedroom home offers a canvas ready for designing your custom dream residence. The main house includes formal living and dining rooms, an eat-in kitchen, family room, media room, and multiple dens. The first level features three bedroom suites, while the primary suite occupies the second floor with an additional guest suite and a bonus room. The third level houses another flexible space, ideal for a den or home office. A four-car split garage, connected by a courtyard, includes a studio apartment with a bedroom suite and guest kitchen, offering potential for guest accommodations or a private workspace. The outdoor spaces are equally expansive, featuring an open pool deck, fountain, waterfront lounge areas, winding walkways, and basketball court. With over 500 feet of waterfront access, boating enthusiasts will appreciate the ample opportunities to enhance this property with custom docks or lifts. Nestled in the prestigious Sanderling Club, this property combines the charm of Siesta Key’s coastal lifestyle with the exclusivity of a gated community. The Sanderling Club, the only guard-gated, single-family neighborhood on Siesta Key, offers residents access to a renovated clubhouse with a catering kitchen and library, three Har-Tru tennis courts, playground, and deeded access to a pristine stretch of Siesta Beach. Located minutes from Siesta Village, this property provides the perfect balance of serene seclusion and proximity to Sarasota’s vibrant cultural and culinary attractions. This is a once-in-a-lifetime opportunity to design a coastal sanctuary in one of Sarasota’s most coveted neighborhoods.

Listing Agent

Roger Pettingell

COLDWELL BANKER REALTY Brokerage Phone: 941-383-6411 License #0499842 Listed on: 12/05/2024

COLDWELL BANKER REALTY

Co-Listing Agent

Thomas Arbuckle

COLDWELL BANKER REALTY Brokerage Phone: 941-383-6411 License #3253664

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $38,561

Year Built

  • Built in 1951

Lot Details

  • 1.56 Acre Lot
  • 534 Feet of Waterfront
  • 205 Feet of Bay Harbor Waterfront
  • 329 Feet of Intracoastal Waterfront
  • Property fronts an intracoastal waterway
  • West Facing Home
  • Mature Landscaping
  • Private Lot
  • Oversized Lot
  • Irrigation Equipment
  • Street paved with bricks
  • Property is zoned RE2

HOA Fees

  • $900 Monthly HOA Fees

Parking

  • 8 Car Attached Garage
  • Garage Apartment
  • Ground Level Parking
  • Garage Door Opener
  • Circular Driveway

Property Views

  • White Water Ocean
  • Intracoastal
  • Pool

Home Design

  • Cape Cod Architecture
  • Coastal Architecture
  • Slab Foundation
  • Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 10,455 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Built-In Features
  • Crown Molding
  • Coffered Ceiling
  • Vaulted Ceiling
  • Window Treatments
  • French Doors
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Theater
  • Den
  • Bonus Room
  • Storage Room
  • Laundry Room
  • Inside Utility
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Upstairs
  • Walk-In Closet

Pool

  • In Ground Pool
  • In Ground Spa
  • Gunite Pool

Outdoor Features

  • Water access To Gulf or Ocean
  • Seawall
  • Balcony
  • Courtyard
  • Patio
  • Exterior Lighting
  • Private Mailbox
  • Front Porch

Additional Homes

  • Guest House
  • 1,723 SF Accessory Dwelling Unit

Location

  • Flood Zone Lot
  • Flood Insurance May Be Required

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Power Generator
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Recreation Facilities
  • Community Playground

Security

  • Security Guard
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,561

Year Built

Built in 1951

Lot Details

0

HOA Fees

$900 per month

Parking

8

Listing Details

  • HOA Fee Includes: Maintenance Grounds, Management, Private Road, Recreational Facilities, Security
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cape Cod, Coastal
  • Construction Materials: Frame, Wood Siding
  • Fireplace: Yes
  • Living Area: 10455
  • Lot Size Acres: 1.56
  • New Construction: No
  • Year Built: 1951
  • Building Area Total: 14701
  • Lot Size Sq Ft: 68170
  • Directions to Property: US 41 South; right onto Stickney Point Rd; left onto Midnight Pass Rd; left onto S. Basin Ln
  • Status: Active
  • Street Direction: S
  • Co List Office Mls Id: MFR231502433
  • Co List Office Phone: 941-383-6411
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046393
  • Minimum Lease: 3 Months
  • RATIO Current Price By Calculate: 812.53
  • Total Acreage: 1 to less than 2
  • Unit Number YN: 0
  • Water Access YN: 1
  • Property Description: Corner Unit,Elevated
  • Amenities Additional Fees: USE OF MARINA AVAILABLE ON FIRST-COME BASIS FOR ADDITIONAL FEE(S).
  • MFR_InLawSuiteYN: 1
  • MFR_DockYN: 0
  • MFR_CommunityAssociationWaterFeatures: Marina,Water Access,Waterfront
  • MFR_InLawSuiteDescription: 1 Bathroom,Detached (ADU),Kitchen,Private Entrance,Studio
  • MFR_InLawSuiteUnderAirSqFt: 1723.00
  • Attribution Contact: 941-383-6411
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Living Room, Primary Bedroom
  • Living Area Units: Square Feet
  • Flooring: Wood
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Interior Amenities: Built-in Features, Coffered Ceiling(s), Crown Molding, Eat-in Kitchen, Elevator, PrimaryBedroom Upstairs, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Microwave, Range, Range Hood, Refrigerator, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 6
  • Levels: Three Or More
  • Other Equipment: Irrigation Equipment, Generator
  • Spa Features: In Ground
  • Spa Yn: Yes
  • Stories: 3
  • Window Features: Window Treatments
  • Street Number Modifier: 1249
  • Additional Rooms: Bonus Room,Den/Library/Office,Family Room,Formal Dining Room Separate,Formal Living Room Separate,Garage Apartment,Inside Utility,Media Room,Storage Rooms
  • Living Area Meters: 971.30
  • Room Count: 12

Exterior Features

  • Direction Faces: West
  • Other Structures: Guest House
  • Pool Features: Gunite, In Ground
  • Exterior Features: Balcony, Courtyard, French Doors, Lighting, Private Mailbox, Sidewalk
  • Roof: Metal
  • Pool Private: Yes
  • View: Pool, Water
  • Water Body Name: LITTLE SARASOTA BAY
  • Waterfront: Yes
  • Patio and Porch Features: Front Porch, Patio, Rear Porch
  • Road Surface Type: Paved
  • Water Access: Bay/Harbor,Gulf/Ocean,Gulf/Ocean to Bay
  • Water Extras: Sailboat Water,Seawall - Other
  • Water Extras YN: 1
  • Water View: Bay/Harbor - Full,Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 534
  • Flood Zone Date: 2024-03-27
  • Flood Zone Panel: 12115C0207G
  • Water Frontage Feet Bay Harbor: 205
  • Water Frontage Feet ICW: 329

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 8
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Driveway, Garage Door Opener, Ground Level, Oversized, Garage

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Public, Sewer Connected, Water Connected
  • Cooling: Central Air, Zoned
  • Heating: Central, Electric, Zoned
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Clubhouse, Deed Restrictions, Gated Community - Guard, Playground, Special Community Restrictions, Tennis Court(s)
  • Association Amenities: Clubhouse, Fence Restrictions, Gated, Playground, Recreation Facilities, Security
  • Association Fee: 10800
  • Association Fee Frequency: Annually
  • Association Name: DYLAN CLEMENTS - CAPSTONE ASSN MGMT
  • Phone: 941-544-8838
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Association Fee Requirement: Required
  • Association Email: dylan@capstoneam.com

Fee Information

  • Total Annual Fees: 10800.00
  • Total Monthly Fees: 900.00
  • Monthly HOA Amount: 900.00

Lot Info

  • Zoning: RE2
  • Parcel Number: 0110050009
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required, FloodZone, In County, Landscaped, Oversized Lot, Private, Sidewalk, Street Brick
  • Flood Zone Code: AE
  • Homestead YN: 1
  • Lot Size Square Meters: 6333

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: SEE DOCUMENTS

Tax Info

  • Tax Annual Amount: 38561
  • Tax Book Number: 411-480
  • Tax Lot: 8

Multi Family

  • Waterfront Features: Bay/Harbor, Intracoastal Waterway
  • Approval Process: SEE DOCUMENTS

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 $38,561 $3,283,592 -- --
2023 $38,561 $3,187,953 $0 $0
2022 $37,729 $3,095,100 $0 $0
2021 $37,577 $3,004,951 $0 $0
2020 $37,861 $2,963,463 $0 $0
2019 $36,850 $2,896,836 $0 $0
2018 $36,236 $2,842,822 $0 $0
2017 $36,116 $2,784,351 $0 $0
2016 $36,104 $4,425,400 $3,270,700 $1,154,700
2015 $36,804 $3,206,500 $2,065,500 $1,141,000
2014 $36,691 $2,646,928 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2025 06/02/25 Price Changed $8,495,000 -15.0% $813 / Sq Ft
12/05/2024 12/05/24 For Sale $9,995,000 -- $956 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,556,100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,500,000 Unknown
Closed $3,948,000 New Conventional
Closed $1,000,000 Credit Line Revolving
Closed $500,000 Credit Line Revolving
Closed $3,180,000 New Conventional
Source: Public Records

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Source: Stellar MLS

MLS Number: A4630794

Stellar MLS

APN: 0110-05-0009