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John & Sophia Ghanayem

sophiajohn@suncoastshore.com +1(941) 251-1500

$ 2,000,000

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114 ISLAND CIR Sarasota, FL 34242

0.36 Acres Lot

UPDATED:

Key Details

Property Type Other Types

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Subdivision Sarasota Beach

MLS Listing ID TB8487309

HOA Y/N No

Annual Tax Amount $16,560

Lot Size 0.360 Acres

Acres 0.36

Lot Dimensions 78x124x158x180

Property Sub-Type Residential

Source Stellar MLS

Property Description

A rare opportunity to secure a true waterfront estate-sized homesite in the highly sought-after Palm Island enclave of Siesta Key. Located at the end of a quiet loop on Island Circle, this oversized 15,500 square foot pie-shaped double lot offers an exceptional 180+ feet of water frontage, creating a private, expansive setting rarely found this close to the beach. Surrounded by lush natural mangroves and multimillion-dollar residences, this property delivers the perfect balance of privacy, exclusivity, and direct boating access. A standout feature of the property is the grandfathered in 20x24 dock, significantly larger than what current regulations allow. Paired with a 14,000-pound boat lift and existing water and electric connections, for boating enthusiasts, this is not just a convenience, it's a major asset that cannot be replicated today. With a base elevation of approximately 9–10 feet, this homesite offers a strong foundation for new construction and the opportunity to design and build a custom waterfront estate tailored to your vision. The lot's unique shape and size allow for a larger footprint, creative architectural design, and maximization of water views. Palm Island is one of Siesta Key's best kept secrets, an intimate community of fewer than 140 homes known for its quiet streets, limited traffic, and strong sense of privacy and community. The property is ideally positioned across from a small community green space and just minutes from the world-renowned Siesta Key Beach, consistently ranked among the top beaches in the United States.
Whether you are looking to build a full-time residence, a seasonal retreat, or a long-term investment property, this lot presents a rare combination of size, location, waterfront access, and redevelopment potential that is becoming increasingly difficult to find on Siesta Key.
Opportunities like this are limited, especially with irreplaceable features like this dock and water frontage.

Location

State FL

County Sarasota

Community Sarasota Beach

Area 34242 - Sarasota/Crescent Beach/Siesta Key

Zoning RSF2

Exterior

Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available

Waterfront Description Canal - Saltwater

View Y/N Yes

Water Access Yes

Water Access Desc Canal - Saltwater

View Water

Building

Lot Description Buildable, Cul-De-Sac, City Limits, In County

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Others

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8487309

Listed by Alex Clark KELLER WILLIAMS ST PETE REALTY

Nearby Locations

John & Sophia Ghanayem

Agent | License ID: SL3551205

+1(941) 251-1500

John & Sophia Ghanayem

114 ISLAND CIR Sarasota, FL 34242

Key Details

Location

Exterior

Building

Others

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114 ISLAND CIR