7320 MELALEUCA WAY, Siesta Key, FL, 34242 | $1,500,000

Under contract-accepting backup offers. Welcome to the Sanderling Club, one of Siesta Key’s exclusive and sought-after neighborhoods, offering luxury living in the heart of paradise. As the island’s only gated single-family home community with 24-hour staffed security, Sanderling Club is renowned for its breathtaking beachfront properties, lush landscapes and outstanding amenities. This unique property offers two separate residences, with new roofs and exterior paint, and includes a combined four bedrooms, four bathrooms and 3, 766 square feet of refined living space, including additional non-conforming living areas. Among grand live oaks and overlooking the waters of the Heron Lagoon with a combined nearly 50 acres of tranquil waters — a kayak enthusiast’s dream — the home is designed to embrace natural beauty that surrounds it. The main residence was originally built in 1960 and completely remodeled in 2010, featuring beautiful, polished travertine floors, soaring vaulted ceilings with skylights that illuminate the main living areas, and custom built-ins throughout. A modern chef’s kitchen showcases rich-toned cabinetry, stone countertops, a five-burner gas cooktop, built-in stainless steel ovens and refrigerator, a spacious pantry, and a large laundry room with built-in desk and ample storage. This home also features an open-concept den with built-ins. The dining room, wrapped in a wall of impact glass windows with lanai access, creates an ideal space for casual living and elegant entertaining. The private owner’s/primary suite occupies the entire upper level, offering an en-suite bath, private viewing deck, custom built-in bamboo cabinetry and convenient access to the guest house/in-law suite. The ground level includes a bedroom, bath, flex room with kitchenette, and an air-conditioned one-car garage with new epoxy-coated floors and 13-by-21-foot loft storage space. The guest house, with elevator access, was built in 2008 and features a combined living room and kitchen space, two bedrooms, a full bath, laundry facilities, two-car garage with additional storage and expansive decks overlooking the tropical landscaped backyard and Heron Lagoon waters — the ideal retreat for guests or extended family. The expansive backyard offers space to create your tropical oasis, with room for a pool and spa. Sanderling Club’s premier amenities include new Har-Tru tennis courts, pickleball, playground and a newly remodeled clubhouse (coming soon). Boat slips, when available, offer direct access to Sarasota Bay, the Intracoastal Waterway and the Gulf. All of this is just minutes from Siesta Key’s world-famous crystal quartz sand beaches and the charming shops and restaurants of Siesta Village. Plus, downtown Sarasota’s vibrant arts and culture scene — with its theaters, ballet, opera, museums, galleries and shopping — is just a short drive away. Don’t miss this rare opportunity to experience the best of coastal luxury living on Siesta Key.

Features

  • Amenities: Gated, Pickleball Court(s), Playground, Tennis Court(s)
  • Rooms: 11
  • Bedrooms: 4
  • Baths: 4 full
  • Laundry: Inside, Laundry Room
  • Style: Custom
  • Year Built: 1960
  • Garage: 3-car Circular Driveway, Driveway, Garage Door Opener, Ground Level, Guest, Split Garage
  • Heating: Central, Heat Pump, Zoned
  • Cooling: Central Air, Zoned
  • Approx Sq. Feet: 2,970
  • Acreage: 0.72
  • Est. Taxes: $12,551
  • HOA Fee: $5,400 Annually
  • Lot Desc: Flood Insurance Required, FloodZone, Irregular Lot, Landscaped, Private
  • View: Trees/Woods, Water
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4652512
  • Days on Market: 268 days
  • Website: https://www.raveis.com
    /eprop/A4652512/7320melaleucaway_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 3/2/2026 8:32:08 AM)

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NMLS Mortgage Loan Originator ID 38342

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7320 MELALEUCA WAY, Siesta Key, FL, 34242

$1,500,000

Joseph Knox

Sales Associate

William Raveis Real Estate

Phone: 978.852.9479

Joseph.Knox@raveis.com

Joanne O'Keefe

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 978.314.1072

Joanne.OKeefe@raveis.com

NMLS Mortgage Loan Originator ID 38342

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,200,000 $1,200,000 $1,200,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 5.750% 5.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.046% 5.846% 5.700%
Monthly Tax Payment $1,046 $1,046 $1,046
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,626 $7,003 $9,805
Total Monthly Payment $7,797 $8,174 $10,976

* 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.