LOT SIZE 0.360 acres
MLS#TB8487309
STATUSActive
PROPERTY TYPELand - Residential
SUBDIVISIONSARASOTA BEACH
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.
Property Features
Property Type: Land - Residential
Lot Size: 0.36 Acres
Taxes: $16,560
Feature Descriptions
Body of Water: SALTWATER CANAL
Days on Site: 28
Directions: Heading South on Ocean Blvd, Turn Left onto Beach Road. Continue until you reach Calle de Invierno, then Turn Left. Continue Straight and turn slightly Left onto Calle Florida. Turn Right onto Island Circle and continue straight until you reach the cul
Flood Zone Code: AE
Frontage Canal Salt: 181
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot: Buildable, Cul-De-Sac, City Limits, In County
Lot Dimensions: 0.36
Ownership: Fee Simple
Property Attached Y/N: No
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Before Showing, See Remarks, ShowingTime
Special Sale Provisions: None
Special View Info: Water
Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Water: Public
Water Access: Canal - Saltwater
Water Access Y/N: Yes
Waterfront Features: Canal - Saltwater, Lift
Water View: Canal
Zoning: RSF2
Listed By / Shown By
Listed By
Agency Name: KELLER WILLIAMS ST PETE REALTY
Agency Contact: murraycoleman@kw.com
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
Estimate Your Payment
Estimated Payment
$ 6,414.47 per month $4,451.13 Principal & Interest $1,380.00 Property Tax $583.33 Homeowner's InsuranceChange Payment Information
114 Island Circle | MLS# TB8487309
This land located at 114 Island Circle, Sarasota, FL 34242 is currently listed for sale with an asking price of $2,000,000. The property has approximately 0.36 Acres. Search Sarasota real estate on www.realtymarkllc.com today.