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$8,950,000

1249 S BASIN LANE, SARASOTA, FL 34242

Active147 days on market

Beds

6

Baths

8

Sq Ft

10,642 sq ft

Year Built

1951

Lot Size

1.57 acres

Garage

8

About This Property

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.

Property Overview

Property TypeResidential
Sub TypeSingle Family Residence
MLS #A4690355
StatusActive
Year Built1951
Stories3
Total Rooms12
ConstructionWood Frame, Wood Siding
RoofMetal
FoundationSlab
FacesSouthwest
SubdivisionSIESTA PROPERTIES INC
CountySarasota
OwnershipFee Simple

Interior Features

InteriorCeiling Fan(s), Crown Molding, Eating Space In Kitchen, Elevator, PrimaryBedroom Upstairs, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
FlooringBrick/Stone, Other, Hardwood
AppliancesBuilt-In Oven, Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Refrigerator
LaundryInside, Laundry Closet, Laundry Room
CoolingCentral Air, Zoned
HeatingCentral, Electric, Zoned
FireplaceYes ()
SecuritySmoke Detector(s)

Exterior & Lot

ExteriorBalcony, Courtyard, French Doors, Irrigation System, Lighting, Private Yard
FencingOther
Other StructuresGuest House
Lot Size1.57 acres (68,170 sq ft)
Lot FeaturesFloodZone, In County, Landscaped, Near Public Transit, Oversized Lot, Private, Street Dead-End
Road SurfacePaved
ViewWater

Pool & Spa

Private PoolYes
Pool FeaturesGunite, Heated, In Ground, Salt Water
SpaHeated, In Ground

Waterfront

WaterfrontYes
FeaturesBay/Harbor, Intracoastal Waterway

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesCable Available, Electricity Connected, Natural Gas Connected, Phone Available, Public, Sewer Connected, Water Connected

Parking

GarageYes (8 spaces)

HOA & Community

HOAYes
HOA Fee$11,200 / Annually
Senior CommunityNo

Financial Details

List Price$8,950,000
Annual Taxes$40,641 (2025)
FinancingCash, Conventional
ZoningRE2
Parcel #0110050009

Schools

ElementaryPhillippi Shores Elementary
MiddleBrookside Middle
HighSarasota High

Directions

From Stickney Point Road, turn left onto Midnight Pass Road, turn left onto S. Basin Lane. Home is at the very end of the street.

Location

1249 S BASIN LANE, SARASOTA, FL 34242

Listing Information

OfficeMICHAEL SAUNDERS & COMPANY
ListedMay 12, 2026

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Home Price

$8,950,000

20% ($1,790,000)
6.75%

Loan Term

Principal & Interest$46,440
Property Tax (est.)$8,204
Insurance (est.)$150
Total Monthly$54,794
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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: August 6, 2026.

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