1221 S BASIN LANE, Siesta Key, FL, 34242 | $2,000,000

Extraordinary boating water building opportunity on Siesta Key. Discover an exceptional waterfront offering in one of Siesta Key’s desired enclaves. Ideally just 3 lots from Sarasota Bay, no bridges to the bay, this nearly one-half-acre property presents a rare opportunity to create a custom luxury waterfront estate in a premier coastal setting. Designed for boating enthusiasts, the property offers direct access to Sarasota Bay, the Intracoastal Waterway and Gulf of Mexico via the recently reopened Midnight Pass, an increasingly prized advantage for those who value seamless navigation and an authentic waterfront lifestyle. Outside the gates, yet part of the prestigious Sanderling Club community, ownership includes the option to enjoy a serene, understated lifestyle with access to social events and a private community beach. Evenings are crowned by unforgettable Gulf sunsets, where the sky transforms into a canvas of color, an experience that defines life on Siesta Key. Ideally near Siesta Key’s world-renowned quartz-sand beaches, Turtle Beach, and the dining and boutiques of Siesta Village and South Village, this property also offers convenient access to downtown Sarasota’s rich cultural scene, including theater, ballet, opera, museums and galleries. More than a homesite, this is an invitation to design a legacy waterfront residence that embraces the beauty, boating access and enduring appeal of Siesta Key living.

Features

  • Amenities: Other, Pickleball Court(s), Tennis Court(s)
  • Lot Size: 184 x 150 x 159 x 175
  • HOA Fee: $5,400 Annually
  • Lot Desc: Cul-De-Sac, In County
  • View: Water
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pet Policy: Yes
  • MLS#: A4675910
  • Days on Market: 10 days
  • Website: https://www.raveis.com
    /prop/A4675910/1221sbasinlane_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 1/14/2026 10:47:09 PM)
Listing courtesy of PREMIER SOTHEBY'S INTERNATIONAL REALTY   Phone: 941-364-4000

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Pedro DelgadilloInsurance Sales Director, William Raveis Insurance

305.922.5393

Pedro.Delgadillo@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

1221 S BASIN LANE, Siesta Key, FL, 34242

$2,000,000

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 $1,600,000 $1,600,000 $1,600,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 5.875% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.229% 6.007% 5.952%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,085 $9,465 $13,287
Total Monthly Payment $9,210 $9,590 $13,412

* 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.