Price Reduced 13.13%

$1,125,000 ($678.12 per sqft)

Pending

Est. Mortgage $5,468/mo *

Quick Pre-Approval

Price History

$1,295,000
4/23/2025

$1,199,000
9/30/2025

$1,150,000
2/6/2026

$1,125,000
3/22/2026


5432 CAPE LEYTE DRIVE, Siesta Key, FL, 34242

5432 CAPE LEYTE DRIVE, Siesta Key, FL, 34242

8 rooms

3 beds

2 Full baths

1974

Florida, Ranch

1,659 sqft

Under contract-accepting backup offers. Newly adjusted price - an exceptional opportunity to own a charming beach retreat on Siesta Key minutes from world-famous Siesta Beach—consistently ranked among the best beaches in the U.S. With powdery white sands, crystal-clear turquoise waters, and unforgettable Gulf sunsets close by, this home captures the essence of relaxed island living. Located in the desirable, deed-restricted community of Siesta Isles, this three-bedroom, two-bath residence is set on a lushly landscaped, nearly 15,000-square-foot lot adorned with more than 40 mature palm trees, bromeliads, and a rare, show-stopping staghorn fern. The expansive property offers exceptional outdoor privacy, ample room for entertaining or recreation, and space to add a pool. Inside, the open-concept floor plan features generously sized rooms filled with natural light. A wraparound wall of windows in the living and breakfast areas frames serene views of the tropical backyard, creating a seamless indoor-outdoor connection. The renovated kitchen is thoughtfully designed with white quartz countertops, glass tile backsplash, and newer appliances, while a separate dining room provides comfortable space for gatherings. The primary suite includes an en-suite bath and a tranquil retreat feel. Two additional bedrooms offer flexibility, including a third bedroom with contemporary barn doors—ideal for a home office, den, or guest space. With a base flood elevation of 8'8" the home remained high and dry with no water intrusion during the storms; the elevation certificate and inspection certification are available. Additional highlights include a private, low-maintenance, six-foot fenced backyard, an oversized circular paver driveway with generous parking, and a two-car garage for storage and convenience. The home may be purchased turnkey furnished (with a few exclusions), making it well-suited as a beach getaway, seasonal residence, or income-producing property. Recent improvements totaling over $100,000 add peace of mind and value, including a metal roof (2022), HVAC system (2023), paver driveway (2022), six-foot PVC fencing (2020), and re-piped sewer and water lines. Just one mile from Siesta Village’s boutiques, dining, and live music—and a short drive to downtown Sarasota’s cultural attractions, farmers markets, and waterfront destinations—this property also offers long-term potential as a future residential building site due to its prime island location. With a voluntary HOA of only $200 annually and a newly improved price, this is a compelling opportunity to secure your place on Siesta Key. Schedule your private showing today and experience the island lifestyle you’ve been waiting for.


Status:

Pending

Type:

Single-family residential

Furnished Remarks:

Unfurnished

Laundry Remarks:

In Garage

Subdivision:

SIESTA ISLES UNIT 2

Garage:

2-car Circular Driveway, Driveway, Garage Door Opener, Oversized

Heating:

Central, Electric

Cooling:

Central Air

Common Charge:

$250 Annually

Lot Size:

112 x 133 x 125 x 113

Acreage:

0.34

Est. Taxes:

$10,946

HOA Fee

$250

Construction

Block, Stucco

Utilities

BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected

Lot Description:

Flood Insurance Required, In County, Oversized Lot

View Description:

Garden, Trees/Woods

Elementary School:

Phillippi Shores Elementary

Middle School:

Brookside Middle

High School:

Sarasota High

Days on Market:

336

Pet Policy:

Yes

Appliances:

Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer

Min Lease Term:

1 Month

MLS #:

A4649500


Community Info

School Info

Walk Score

Yelp


Listing courtesy of PREMIER SOTHEBY'S INTERNATIONAL REALTY 941-364-4000