Active
$8,950,000
Est. $55,473/mo

1249 S Basin Ln, Sarasota, FL, 34242

$841/sqft·Siesta Properties Inc

6 bd8 ba10,642 sqft8 car garageSingle Family
Listed by MICHAEL SAUNDERS & COMPANY· Last updated · MLS# A4690355

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Est. monthly payment
$55,473/mo
Down payment (20%)
$1,790,000
Property taxes
$3,387/mo
HOA
$11,200/yr
Rate assumed
6.8% · 30 yr
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At a glance

Single family
3 stories · 1951
Waterfront
Bay/Harbor
Private pool
Heated
8 car garage
Circular Driveway
1.57 acres
Lot size

About this home

Ceiling Fans(s)Crown MoldingEat-in KitchenElevatorPrimarybedroom UpstairsStone CountersVaulted Ceiling(s)Walk-in Closet(s)

1249 S Basin Ln is a 1951-built home in Siesta Properties Inc, Sarasota. Inside you'll find 6 bedrooms, 8 bathrooms, and 10,642 square feet of living space. Listed at $8,950,000 (about $841/sqft), 86 days on market. Flood zone AE - confirm flood insurance requirements with your lender. HOA runs $11,200 annually.

From the listing

Rarely does a property of this caliber become available on Siesta Key. Spanning approximately 1.6 acres, this exceptional waterfront estate is framed by majestic oak trees and lush, mature landscaping, creating a private, quiet, and timeless retreat. This legacy property showcases expansive bayfront views that wrap gracefully around to a protected canal, offering both breathtaking vistas and sheltered water access. At its heart stands a classic and formal Southern-style residence, remodeled in 2008, rich in character and designed for an elegant lifestyle. Grand, beautifully proportioned rooms are designed for effortless entertainment, highlighted by a stately formal dining room worthy of the most important occasions. The expansive country kitchen is both functional and refined, featuring a professional-grade Wolf range with custom copper hood, an oversized Sub-Zero refrigerator, vintage tile flooring, and a striking chandelier that brings a touch of timeless elegance to space. A classic wood-burning fireplace adds warmth and character to the cozy wood paneled den with charming French doors opening to bayfront views. With six spacious bedrooms, six full bathrooms, and two additional half baths, this home offers exceptional comfort and ample space to accommodate family and guests with ease. Car enthusiasts will appreciate the 8 garages. Boaters will appreciate the ample opportunities to enhance this property with custom docks or lifts. For those envisioning a custom estate, the property also offers a rare opportunity to build your dream home while comfortably residing on-site in the charming guest cottage, complete with bedroom suite and kitchen—allowing you to plan, design, and construct at your own pace without ever leaving this exceptional setting. This is a true legacy offering, where expansive space and stunning waterfront beauty come together seamlessly, enhanced by breathtaking views that elevate every moment in this extraordinary setting. The Sanderling Club, the only guard-gated, single-family neighborhood on Siesta Key, offering residents tennis and pickleball courts, playground, and deeded access to a pristine stretch of Siesta Beach. Located minutes from Siesta Village, this property provides the perfect balance of serene seclusion and proximity to Sarasota’s vibrant cultural and culinary attractions.

The essentials

Built
1951
Price / sqft
$841
On market
122 days
Annual tax
$40,641
HOA
$11,200/yr
Flood zone
AE
Lot
68,170 sqft
Type
Single Family Residence

Location

1249 S Basin Ln
Sarasota, FL, 34242·34242 - Sarasota/Crescent Beach/Siesta Key
Type
Single Family Residence
Year Built
1951
Lot
68,170 sqft
Cooling
Central Air, Zoned
Heating
Central, Electric, Zoned
Parking
Circular Driveway, Driveway, Garage Door Opener, Ground Level, Oversized, Garage
Pool
Gunite, Heated, In Ground, Salt Water
Waterfront
Bay/Harbor, Intracoastal Waterway
Days on Market
122
Ceiling Fans(s)
Crown Molding
Eat-in Kitchen
Elevator
Primarybedroom Upstairs
Stone Counters
Vaulted Ceiling(s)
Walk-in Closet(s)
Window Treatments
Balcony
Courtyard
French Doors
Lighting
Private Yard
Built-in Oven
Dishwasher
Disposal
Dryer
Freezer
Microwave
Range
Range Hood
Refrigerator
Washer
Wine Refrigerator

Elementary

Phillippi Shores Elementary

Middle

Brookside Middle

High

Sarasota High

Districts can re-zone, so verify directly with the district before relying on these.

Homestead exemption on fileFlood Zone AE

Annual Tax (2025)

$40,641

Parcel #

0110050009

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision

Siesta Properties Inc

County

Sarasota

MLS Area

34242 - Sarasota/Crescent Beach/Siesta Key

Lot Size

68,170 sqft

FloodZoneIn CountyLandscapedNear Public TransitOversized LotPrivateStreet Dead-End
HOA
$11,200/yr
Sanderling Club
Date
Event
Price
5/12/2026
Listed for sale
Source: Stellar MLS #A4690355
$8,950,000
$841/sqft
Est. monthly payment$55,473/mo
Principal & interest$46,678
Property taxes$3,387
Insurance$4,475
HOA$933
Down payment20% · $1,790,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA is the fee reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Offer Insights

Choose an offer strength

List price: $8,950,000
$8.50M – $8.95M
95% – 100% of listTops out right at the list price
80% of listList price
29 of the last 56 home closings in 34242 landed at this number or higher (52%). The median one sat 87 days before it went under contract, and this one is on day 122.

Sample: 56 closed home sales in 34242 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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