$1,899,000
$376K PRICE DROP PRE-FORECLOSURE The borrower is in default on their loan obligation and/or the bank or lender has initiated foreclosure proceedings. This property is occupied, do not disturb the occupants. Trespassing is a criminal offense.

2 Island Cir Sarasota, FL 34242

Estimated payment $10,544/month

Total Views 21,560
5 Beds
4 Baths
3,855 Sq Ft
$493 Price per Sq Ft

Highlights

  • Dock made with wood
  • Private Pool
  • Florida Architecture
  • Phillippi Shores Elementary School Rated A
  • Canal View
  • 2 Car Attached Garage

About This Home

*2 BUILDABLE WATERFRONT LOTS* Palm Island IS the "Heart of Siesta Key". Don't miss this rare opportunity to live in Siesta Key's most sought-after neighborhood and experience the quiet, friendly, yet close to everything community of Palm Island. Build your tropical dream home on one lot and sell the other, or go "all in" and create your ideal island estate on the 17,883 sq ft lot. If restoration is more your style, this home was built using the Lamolithic poured in place construction method developed by John Lambie Jr and was a key design element in the Sarasota School of Architecture. As a result, most of the primary structure and walls are made of 12 inch poured concrete, providing unsurpassed strength and durability. This spacious property located in one of the finest and friendliest communities on Siesta Key is situated a mere 600 feet from arguably the best beach on the planet. Situated on the Grand Canal, it is minutes by boat to the Intercoastal Waterway and a short walk or bike ride to Siesta Key Village. This sought after Palm Island address sits on two county approved building lots and is a rare opportunity for all interests. Maximize your Island experience and treat yourself to this rare, peaceful island escape limited only by your imagination. *House Plans and Budget available for both lots

Listing Agent

George Miller

COLDWELL BANKER REALTY Brokerage Phone: 941-349-4411 License #3223623 Listed on: 08/21/2025

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,073

Year Built

  • Built in 1948

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 50x167
  • Property fronts a saltwater canal
  • North Facing Home
  • Landscaped with Trees
  • Property is zoned RSF2

Parking

  • 2 Car Attached Garage

Home Design

  • Florida Architecture
  • Fixer Upper
  • Slab Foundation
  • Concrete Siding

Interior Spaces

  • 3,855 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Room
  • Canal Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Private Pool
  • Access to Saltwater Canal
  • Dock made with wood
  • Open Dock

Schools

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

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Community Details

  • Property has a Home Owners Association
  • Sarasota Beach Community
  • Sarasota Beach Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,073

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Architectural Style: Florida
  • Construction Materials: Concrete, Other
  • Fireplace: No
  • Living Area: 3855
  • Lot Size Acres: 0.41
  • New Construction: No
  • Year Built: 1948
  • Building Area Total: 4567
  • Lot Size Sq Ft: 17883
  • Status: Active
  • Ownership: Fee Simple
  • Building Area Total Srch Sq M: 424.29
  • Escrow State: FL
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 492.61
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 1
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Open,Dock - Wood
  • MFR_DockYN: 1
  • Attribution Contact: 941-349-4411
  • Tax Year: 2024
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Other
  • Full Bathrooms: 4
  • Interior Amenities: Ninguno
  • Appliances Included: None
  • Foundation Details: Slab
  • Total Bedrooms: 5
  • Levels: One
  • Stories: 1
  • Living Area Meters: 358.14

Exterior Features

  • Direction Faces: North
  • Pool Features: Other
  • Exterior Features: Other
  • Roof: Other
  • Pool Private: Yes
  • Water Body Name: GRAND CANAL
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Water Access: Canal - Saltwater
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12115C0143G

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Other
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Association Fee Requirement: Optional

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

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

Lot Info

  • Zoning: RSF2
  • Parcel Number: 0082110028
  • Additional Parcels: No
  • Lot Dimensions: 50x167
  • Flood Zone Code: AE

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: See county rules and regs

Tax Info

  • Tax Annual Amount: 8072.69
  • Tax Block: 7
  • Tax Book Number: 1-76
  • Tax Lot: 44

Multi Family

  • Waterfront Features: Canal - Saltwater

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
2025 $8,073 $652,996 -- --
2024 $6,026 $618,855 -- --
2023 $6,026 $483,846 $0 $0
2022 $5,902 $469,753 $0 $0
2021 $5,835 $456,071 $0 $0
2020 $5,892 $449,774 $0 $0
2019 $5,709 $439,662 $0 $0
2018 $5,590 $431,464 $0 $0
2017 $5,567 $422,590 $0 $0
2016 $5,602 $828,900 $519,000 $309,900
2015 $5,697 $860,900 $583,400 $277,500
2014 $5,564 $398,019 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2026 01/23/26 Price Changed $1,899,000 -5.0% $493 / Sq Ft
12/19/2025 12/19/25 Price Changed $1,999,999 -12.1% $519 / Sq Ft
08/21/2025 08/21/25 For Sale $2,275,000 -- $590 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Source: Public Records

Source: Stellar MLS

MLS Number: A4662842

Stellar MLS

APN: 0082-11-0028