$8,950,000
 $48,046 est/mo Sourced by Back At You

1249 S Basin Ln,SARASOTA, FL 34242

SARASOTA, FL 34242

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Description

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.

Details

MLS #A4690355
Listing TypeFor Sale
StyleHouse
HOA Dues$11,200
Sub-TypeFor-sale
StatusActive
Year1951
Days On Site165
Listing Provided ByMICHAEL SAUNDERS & COMPANY | Kim Ogilvie

Features

Bed(s)6
Bath(s) 8 Total
SQ Feet10,642
Garage8
PoolYes
Story(s)3
ZoningRE2
Acreage1.57
Water FrontYes
Property ViewWater

Taxes

Property40641

Area Information

StateFL
CountySarasota
CitySARASOTA
Zip Code34242
Area34242 Sarasota | Crescent Beach | Siesta Key
SubareaSiesta Properties Inc
Community NameSIESTA PROPERTIES INC
School DistrictSarasota High
Elementary SchoolPhillippi Shores Elementary
High SchoolSarasota High
Listing VS Median (in SIESTA PROPERTIES INC)
Price:
$8,950,000
low | high
Med:
$6,122,500
81.59217877095% of Average
sqft:
10,642
low | high
Med:
7,053
83.724863747416% of Average
$ / sqft:
$841
low | high
Med:
$896
43.448027274956% of Average
On site:
165
low | high
Med:
259.5
63.583815028902% of Average
Sourced by Back At You

Market Activity 34242

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 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of October 4, 2026 at 7:33:46 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StateFL
CountySarasota
CitySARASOTA
Zip Code34242
Area34242 Sarasota | Crescent Beach | Siesta Key
SubareaSiesta Properties Inc
Community NameSIESTA PROPERTIES INC
School DistrictSarasota High
Elementary SchoolPhillippi Shores Elementary
High SchoolSarasota High
Listing VS Median (in SIESTA PROPERTIES INC)
Price:
$8,950,000
low | high
Med:
$6,122,500
81.59217877095% of Average
sqft:
10,642
low | high
Med:
7,053
83.724863747416% of Average
$ / sqft:
$841
low | high
Med:
$896
43.448027274956% of Average
On site:
165
low | high
Med:
259.5
63.583815028902% of Average
Sourced by Back At You
Listing Updated: October 2, 2026 at 9:29:22 AM PDT
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