Siesta Drive

Siesta Key | Florida

Where Sunsets

Are Private

View Photos Watch Film 360° VTour Open House

Kevin Milner

Presented At

$2,499,000

Bedrooms

Bathrooms

Living

2,943

SQFT

Elevator

Fitness Center / Gym

Game Room

Sauna

Garage

Balcony

Pool

Water View

Coastal

Waterfront

Privacy

Investment Property

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508

Siesta Drive

Siesta Key | Florida

508 Siesta Drive, Sarasota, FL 34242, Siesta Key, Florida, United States. , Siesta Key , Florida

.

One or more photo(s) has been virtually staged. Experience the ultimate in coastal living with this two-story residence in the highly desirable Bay Island Shores on the world-renowned Siesta Key. Located in a prime waterfront setting, this all-concrete block home boasts a new tile roof in 2016 and offers unparalleled access to deep water and sailboat-friendly waters, making it the perfect haven for boating enthusiasts. The property, set on over a .35-acre lot, is nestled in a protected basin and features a newer dock with composite decking, complete with two boat lifts (12,000 and 4,500 pounds), installed in 2018—truly a boater’s [hidden information] home’s elevated design places all living spaces on the second floor, ensuring captivating water views and privacy. A secure, walled gated entrance leads to a spacious garage area of nearly 3,000 square feet, offering abundant storage for vehicles, watercraft, outdoor equipment, just off the pool and spa. With room for multiple cars, golf carts, motorcycles, and kayaks, this area can also be transformed into a game room, home theater, fitness space, or sauna—catering to a variety of lifestyles and [hidden information] suited for both relaxation and entertaining, the home features high ceilings, crown molding, an elevator, and expansive living areas that flow effortlessly into the outdoors. A wraparound balcony, accessible from nearly every room, allows you to enjoy the island breeze and scenic surroundings, while multiple indoor and outdoor spaces provide plenty of room to host family and [hidden information] on the desirable north end of Siesta Key, this property is just moments from the renowned Siesta Key Beach and the vibrant downtown Sarasota area. Additionally, being within the city of Sarasota, the property offers the flexibility of weekly rentals, making it an excellent investment opportunity. This exceptional home combines the best of island living with modern amenities—your coastal dream awaits.

Property

3D Street View Tour

Property Location

508 Siesta Drive, Sarasota, FL 34242, Siesta Key, Florida, United States., Siesta Key Florida

Local Weather & Climate

Siesta Key, Florida

Current Conditions Updated recently

66 °F

Clear sky

Feels Like 65°F

Humidity 62%

Wind 9 mph

Visibility 6.2 mi

Sunrise 11:53 AM

Sunset 11:31 PM

5-Day Forecast

Mon 2 Mar

Clouds

High 79°

Low 67°

Tue 3 Mar

Clouds

High 78°

Low 63°

Wed 4 Mar

Clear

High 77°

Low 66°

Thu 5 Mar

Clear

High 76°

Low 67°

Fri 6 Mar

Clouds

High 77°

Low 66°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Siesta Key?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

Down Payment

$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (United States)

$0 Est. First Year Interest Deduction

$0 Est. Annual Tax Savings

*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Tax Information Disclaimer

The tax benefit information displayed on this page is provided for general informational and educational purposes only. This information:

Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
Uses simplified assumptions that may not apply to your circumstances, including filing status, total income, other deductions, alternative minimum tax considerations, and local tax variations.
Should not be used as the basis for any tax planning decisions or financial strategies without consulting a qualified tax professional licensed in your jurisdiction.

Before making any decisions based on potential tax benefits, you should consult with a qualified tax advisor, certified public accountant (CPA), or licensed tax professional who can evaluate your specific circumstances and provide advice tailored to your situation.

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Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does 508 Siesta Drive, Sarasota, FL 34242, Siesta Key, Florida, United States have?

This house at 508 Siesta Drive, Sarasota, FL 34242, Siesta Key, Florida, United States features 3 bedrooms with 2,943 square feet of living space.

What is the size of 508 Siesta Drive, Sarasota, FL 34242, Siesta Key, Florida, United States?

This property offers 2,943 square feet of living space.

What is the listing price for 508 Siesta Drive, Sarasota, FL 34242, Siesta Key, Florida, United States?

This property is listed at $249,900,000, which equals $84913 per square foot.

What type of property is 508 Siesta Drive, Sarasota, FL 34242, Siesta Key, Florida, United States?

This is a house located in Siesta Key, Florida. The property is situated in an established neighborhood with convenient access to local amenities and services.

Brokerage: