$2,100,000
$100K PRICE DROP

940 Siesta Key Place Sarasota, FL 34242

Estimated payment $13,392/month

Total Views 15,705
0.34 Acre
$6,176,471 Price per Acre
14,810 Sq Ft Lot

Highlights

  • 316 Feet of Canal Waterfront
  • Dock Has No Access To Electricity
  • Private Lot
  • Phillippi Shores Elementary School Rated A
  • Canal View
  • Cul-De-Sac

About This Lot

Paradise in North Siesta Key!
Discover one of the island’s hidden gems — a rarely available 15,000+ SF waterfront parcel boasting 316+ feet of canal frontage in one of Siesta Key’s most coveted neighborhoods. Tucked away on a quiet cul-de-sac, this prime homesite offers unparalleled privacy, surrounded by lush, mature tropical landscaping and breathtaking wide water views.

Enjoy boater-friendly living with quick, direct access to the Gulf of Mexico, and savor the convenience of being just minutes from Siesta Beach’s powder-soft sand and the vibrant shops and dining of Siesta Village.

This is your chance to build the custom waterfront retreat you’ve always imagined in a location that truly defines coastal luxury. Opportunities like this don’t come often—experience the best of island living today!

Listing Agent

Frederick Insogna

COLDWELL BANKER REALTY Brokerage Phone: 941-388-3966 License #3516201 Listed on: 05/10/2025

COLDWELL BANKER REALTY

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $20,131

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 142.4 x108.4
  • 316 Feet of Canal Waterfront
  • Property fronts a canal with brackish water
  • Cul-De-Sac
  • West Facing Home
  • Landscaped
  • Private Lot
  • Property is zoned RSF2

HOA Fees

  • $83 Monthly HOA Fees

Additional Features

  • Canal Views
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 0079090025

Community Details

Overview

  • Marcia Cutler Association
  • Siesta Bayside Community
  • Siestas Bayside Subdivision

Recreation

  • No Fixed Bridges
  • Access to Brackish Canal
  • Dock has access to water
  • Seawall
  • Dock Has No Access To Electricity
  • Open Dock

Property Details

Property Type

Land

Est. Annual Taxes

$20,131

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Property Type: Land
  • Lot Size Acres: 0.34
  • 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 will be on your left.
  • Status: Active
  • Ownership: Fee Simple
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046393
  • RATIO Current Price By Calculate: 139.79
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 1
  • MFR_DockDescription: Dock - Open,Dock w/o Electric,Dock w/Water Supply
  • MFR_DockYN: 1
  • Water Frontage Feet Canal Front: 316
  • Attribution Contact: 941-388-3966
  • Tax Year: 2024
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 940

Exterior Features

  • Direction Faces: West
  • View: Water
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Water Access: Canal - Brackish
  • Water Extras: Bridges - No Fixed Bridges,Seawall - Concrete
  • Water Extras YN: 1
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 316
  • Flood Zone Date: 2024-03-27
  • Flood Zone Panel: 12115C0141G
  • Price Per Acre: 6176471

Utilities

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

Condo/Co-op/Association

  • Association Fee: 1000
  • Association Fee Frequency: Annually
  • Association Name: MARCIA CUTLER
  • Association: Yes
  • Association 2 YN: 0
  • Association Fee Requirement: Required

Fee Information

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

Lot Info

  • Zoning: RSF2
  • Parcel Number: 0079090025
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Features: Cul-De-Sac, Landscaped, Private, Room For Pool
  • Lot Dimensions: 142.4 X108.4
  • Flood Zone Code: AE
  • Lot Size Square Meters: 1396

Rental Info

  • Pets Allowed: Cats OK, Dogs OK

Tax Info

  • Tax Annual Amount: 20131
  • Tax Book Number: 19-12
  • Tax Lot: 19

Multi Family

  • Waterfront Features: Canal - Brackish

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

Source: Stellar MLS

MLS Number: A4652224

Stellar MLS

APN: 0079-09-0025