$2,100,000
$100K PRICE DROP

940 Siesta Key Place Sarasota, FL 34242

Estimated payment $13,259/month

Total Views 17,173
4 Beds
3 Baths
3,451 Sq Ft
$609 Price per Sq Ft

Highlights

  • Dock has access to electricity and water
  • Access To Intracoastal Waterway
  • In Ground Pool
  • Phillippi Shores Elementary School Rated A
  • Intracoastal View
  • Open Floorplan

About This Home

Exceptional New Price for Siesta Key Canal-Front Living.
Discover an unparalleled waterfront retreat on the highly coveted North Siesta Key, where luxury and tranquility converge. This extraordinary property boasts over 300 feet of pristine water frontage, offering breathtaking panoramic views and seamless access to Sarasota’s renowned waterways.
Spanning over 3,450 sq. ft. of professionally curated interiors, this 4-bedroom, 3-bathroom residence is designed to impress. Expansive living spaces flow effortlessly, highlighted by thoughtfully selected details and a welcoming ambiance. Walls of glass invite natural light while capturing the serene waterfront backdrop.
Step outside and experience an additional 1,274 sq. ft. of outdoor entertainment living, complete with a large, resort-style pool—perfect for refreshing swims, soaking in the coastal ambiance, and entertaining under the Florida sun. Nestled on a generous 15,000+ sq. ft. lot in an enclave of estate homes, this property presents limitless possibilities.
A rare value in today’s market, this home is priced $600,000 below its recently appraised value, an incredible opportunity for buyers seeking luxury, location, and equity.
A true boater’s paradise, this residence delivers unmatched privacy, premier location, and boundless potential. Don't miss this rare opportunity to own a one-of-a-kind waterfront sanctuary on North Siesta Key.

Listing Agent

Frederick Insogna

COLDWELL BANKER REALTY Brokerage Phone: 941-388-3966 License #3516201 Listed on: 02/20/2025

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,131

Year Built

  • Built in 1970

Lot Details

  • 0.34 Acre Lot
  • Property fronts a canal with brackish water
  • Cul-De-Sac
  • Street terminates at a dead end
  • North Facing Home
  • Fenced
  • Mature Landscaping
  • Level Lot
  • Irrigation Equipment
  • Landscaped with Trees
  • Property is zoned RSF2

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • Intracoastal
  • Canal
  • Pool

Home Design

  • Bi-Level Home
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,451 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Shelving
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • French Doors
  • Entrance Foyer
  • Family Room with Fireplace
  • Separate Formal Living Room
  • Formal Dining Room
  • Inside Utility

Kitchen

  • Breakfast Bar
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Cooking Island
  • Granite Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Upstairs
  • En-Suite Bathroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Makeup or Vanity Space
  • Single Vanity
  • Private Water Closet
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall
  • Shower Only
  • Window or Skylight in Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Gunite Pool

Outdoor Features

  • Access To Intracoastal Waterway
  • Access to Bay or Harbor
  • No Fixed Bridges
  • Access to Brackish Canal
  • Seawall
  • Dock has access to electricity and water
  • Open Dock
  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Rain Gutters
  • Private Mailbox
  • Porch

Location

  • Flood Zone Lot

Schools

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

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Thermostat
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Association fees include ground maintenance
  • Siesta Key Bay Point/ Marcia Cuttler Association, Phone Number (941) 544-1020
  • Siestas Bayside Community
  • Siestas Bayside Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,131

Year Built

Built in 1970

Lot Details

0

HOA Fees

$83 per month

Parking

2

Listing Details

  • HOA Fee Includes: Maintenance Grounds
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 3451
  • Lot Size Acres: 0.34
  • New Construction: No
  • Year Built: 1970
  • Building Area Total: 4725
  • Lot Size Sq Ft: 15023
  • Directions to Property: Head south on U.S. 41 S (Tamiami Trail) toward Siesta Drive. Turn right onto Siesta Drive and continue over the North Siesta Key Bridge. After crossing the bridge, continue straight as Siesta Drive becomes Higel Avenue. Bear left onto Midnight Pass Rd Take 2nd left onto Siesta Key Circle Take first right onto Siesta Key Place 940 Siesta Key Place, which will be on your left
  • Status: Active
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046393
  • Minimum Lease: 6 Months
  • RATIO Current Price By Calculate: 608.52
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 1
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Open,Dock w/Electric,Dock w/Water Supply
  • MFR_DockYN: 1
  • Attribution Contact: 941-388-3966
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Family Room, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Marble
  • Full Bathrooms: 3
  • Interior Amenities: Built-in Features, Cathedral Ceiling(s), Ceiling Fans(s), Open Floorplan, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Wood Cabinets, Stone Counters, Thermostat, Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: Two
  • Other Equipment: Irrigation Equipment
  • Spa Yn: No
  • Window Features: Skylight(s)
  • Street Number Modifier: 940
  • Additional Rooms: Family Room,Formal Dining Room Separate,Formal Living Room Separate,Inside Utility
  • Living Area Meters: 320.61
  • Room Count: 14

Exterior Features

  • Direction Faces: North
  • Pool Features: Gunite, In Ground
  • Exterior Features: Balcony, French Doors, Lighting, Private Mailbox, Rain Gutters
  • Roof: Shingle
  • Home Warranty: No
  • Pool Private: Yes
  • View: Pool, Water
  • Water Body Name: INTRACOASTAL WATERWAY
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Patio, Porch
  • Road Surface Type: Asphalt
  • Water Access: Bay/Harbor,Canal - Brackish,Intracoastal Waterway
  • Water Extras: Bridges - No Fixed Bridges,Seawall - Concrete
  • Water Extras YN: 1
  • Water View: Canal,Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Additional Water Information: The property has canal on two sides of over 300feet. There is a dock and room for a boat lift.

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association Fee: 1000
  • Association Fee Frequency: Annually
  • Association Name: Siesta Key Bay Point/ Marcia Cuttler
  • Phone: 9415441020
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 1000.00
  • Total Monthly Fees: 83.33
  • Monthly HOA Amount: 83.33

Schools

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

Lot Info

  • Zoning: RSF2
  • Parcel Number: 0079090025
  • Additional Parcels: No
  • Fencing: Fenced
  • Lot Features: Cul-De-Sac, FloodZone, Level, Street Dead-End, Paved
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 1396
  • Future Land Use: 0100

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: All leases must be approved by the association.

Tax Info

  • Tax Annual Amount: 20131.28
  • Tax Book Number: 0019/0012
  • Tax Lot: 19

Multi Family

  • Waterfront Features: Canal - Brackish, Canal Front
  • Approval Process: Application must be submitted for transfer of property.

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 $20,216 $1,358,246 -- --
2023 $20,216 $2,055,700 $1,609,300 $446,400
2022 $19,526 $2,017,700 $1,668,200 $349,500
2021 $13,849 $1,125,900 $882,400 $243,500
2020 $12,249 $927,700 $684,100 $243,600
2019 $12,421 $947,900 $758,000 $189,900
2018 $14,063 $1,104,600 $918,400 $186,200
2017 $13,453 $952,050 $0 $0
2016 $11,815 $865,500 $637,500 $228,000
2015 $11,474 $816,900 $616,800 $200,100
2014 $11,046 $944,500 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 Price Changed $2,100,000 -4.5% $609 / Sq Ft
03/09/2025 03/09/25 For Sale $2,200,000 0.0% $637 / Sq Ft
03/02/2025 03/02/25 Pending -- -- --
02/20/2025 02/20/25 For Sale $2,200,000 +158.8% $637 / Sq Ft
11/21/2012 11/21/12 Sold $850,000 -12.4% $246 / Sq Ft
11/14/2012 11/14/12 Pending -- -- --
07/19/2012 07/19/12 For Sale $969,900 -- $281 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Corporate Deed $850,000 Buyers Title Inc
Trustee Deed $600,001 None Available
Warranty Deed $965,000 --
Warranty Deed $795,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,300,000 Fannie Mae Freddie Mac
Previous Owner $500,000 No Value Available
Previous Owner $450,000 No Value Available
Source: Public Records

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Source: Stellar MLS

MLS Number: A4640876

Stellar MLS

APN: 0079-09-0025