5432 CAPE LEYTE DRIVE, Siesta Key, FL, 34242 | $1,199,000

New Price! Grab your sunglasses and flip-flops, because this charming Siesta Key retreat is just minutes from world-famous Siesta Beach, the #1 beach in the USA! With powdery white sands and crystal-clear, turquoise waters right around the corner, your beach getaway is within easy reach. Whether you're basking in the sun by day or catching the mesmerizing Gulf sunsets every evening, this is island living at its best. In the desirable, friendly, deed-restricted community of Siesta Isles, this spacious three-bedroom, two-bath home sits on a lushly landscaped, nearly 15, 000-square-foot lot with over 40 palm trees, bromeliads, and a spectacular, rare staghorn fern, plenty of room for outdoor fun and relaxation, plus room to add a pool. Whether you're searching for a beach house escape, a second home, or a prime investment property, this home checks all the boxes. The open-concept floor plan offers a flexible living space, featuring large, airy rooms that are flooded with natural light. The wraparound wall of windows in the living and breakfast areas offers fabulous views of the tropical yard, creating a seamless connection with the outdoors. The renovated kitchen features glass backsplashes, white quartz countertops and newer appliances. A separate dining room provides ample seating for entertaining family and friends. The primary bedroom boasts its en-suite bath, offering a peaceful retreat, while the second bedroom and bath provide ample privacy for guests. Need an office or den? The third bedroom, featuring contemporary barn doors, can be easily converted to suit your needs. Sitting high and dry, this home had no water intrusion during recent hurricanes, according to the owner, and an inspection certification is available. With the private, tropically landscaped, low-maintenance, 6-foot fenced backyard and an oversized circular paver driveway able to accommodate many cars, it’s the epitome of easy island living. Plus, the two-car garage offers additional convenience and storage. This home may be purchased turnkey furnished with a few exclusions, to make it move-in ready as a vacation home or ready to rent for an investor. For those with an eye on investment, this property offers future potential as a residential building site, thanks to its location, blocks from the beach.
The community also features a voluntary HOA with annual dues of just $250, which adds to its value. In addition to the kitchen renovations, numerous improvements have been made totaling over $100, 000, including: a metal roof (2022), HVAC (2023), paver driveway (2022), 6-foot PVC fence (2020), re-piped sewer and water lines, and more. You're just one mile from Siesta Village, with its eclectic mix of boutiques, dining options, and entertainment, many with live music. Watch the iconic Siesta Key sunsets paint the sky in vibrant hues of mango and cotton candy or explore cultural offerings in nearby downtown Sarasota. From the Sarasota Farmers Market to the Ringling Museum and St. Armands Circle, there’s no shortage of activities, shopping, and dining. Live the island lifestyle you've always dreamed of. Schedule a showing today and make this Siesta Key haven yours.

Features

  • Rooms: 8
  • Bedrooms: 3
  • Baths: 2 full
  • Lot Size: 112 x 133 x 125 x 113
  • Laundry: In Garage
  • Style: Florida, Ranch
  • Year Built: 1974
  • Garage: 2-car Circular Driveway, Driveway, Garage Door Opener, Oversized
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,659
  • Acreage: 0.34
  • Lot Size: 112 x 133 x 125 x 113
  • Est. Taxes: $12,463
  • HOA Fee: $250 Annually
  • Lot Desc: Flood Insurance Required, In County, Oversized Lot
  • View: Garden, Trees/Woods
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pet Policy: Yes
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4649500
  • Days on Market: 199 days
  • Website: https://www.raveis.com
    /eprop/A4649500/5432capeleytedrive_siestakey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is 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. (last updated 12/10/2025 5:07:59 PM)
Listing courtesy of PREMIER SOTHEBY'S INTERNATIONAL REALTY   Phone: 941-364-4000

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NMLS Mortgage Loan Originator ID 16953

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5432 CAPE LEYTE DRIVE, Siesta Key, FL, 34242

$1,199,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $959,200 $959,200 $959,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.125% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.477% 6.223% 6.078%
Monthly Tax Payment $1,039 $1,039 $1,039
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,598 $5,828 $8,030
Total Monthly Payment $6,762 $6,992 $9,194

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.