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Presented by
Burgio Sousa Team |
114 ISLAND CIRCLE, Siesta Key, FL, 34242 | $2,000,000
A rare opportunity to secure a true waterfront estate-sized homesite in the highly sought-after Palm Island enclave of Siesta Key. Located at the end of a quiet loop on Island Circle, this oversized 15, 500 square foot pie-shaped double lot offers an exceptional 180+ feet of water frontage, creating a private, expansive setting rarely found this close to the beach. Surrounded by lush natural mangroves and multimillion-dollar residences, this property delivers the perfect balance of privacy, exclusivity, and direct boating access. A standout feature of the property is the grandfathered in 20x24 dock, significantly larger than what current regulations allow. Paired with a 14, 000-pound boat lift and existing water and electric connections, for boating enthusiasts, this is not just a convenience, it’s a major asset that cannot be replicated today. With a base elevation of approximately 9–10 feet, this homesite offers a strong foundation for new construction and the opportunity to design and build a custom waterfront estate tailored to your vision. The lot’s unique shape and size allow for a larger footprint, creative architectural design, and maximization of water views. Palm Island is one of Siesta Key’s best kept secrets, an intimate community of fewer than 140 homes known for its quiet streets, limited traffic, and strong sense of privacy and community. The property is ideally positioned across from a small community green space and just minutes from the world-renowned Siesta Key Beach, consistently ranked among the top beaches in the United States.
Whether you are looking to build a full-time residence, a seasonal retreat, or a long-term investment property, this lot presents a rare combination of size, location, waterfront access, and redevelopment potential that is becoming increasingly difficult to find on Siesta Key.
Opportunities like this are limited, especially with irreplaceable features like this dock and water frontage.
Features
- Lot Size: 78 x 124 x 158 x 180
- Lot Desc: Buildable, Cul-De-Sac, City Lot, In County
- View: Water
- MLS#: TB8487309
- Days on Market: 7 days
- Website: https://www.raveis.com
/prop/TB8487309/114islandcircle_siestakey_fl?source=qrflyer
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.
Burgio Sousa TeamSales Associates
860.983.0457
BurgioSousaTeam@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.
Russell BaboffVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1014636
860.463.1745
Russell.Baboff@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
John KirkutisVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1424716
970.390.2521
John.Kirkutis@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
Heidi SummaInsurance Sales Director, William Raveis Insurance
860.919.8074
Heidi.Summa@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
114 ISLAND CIRCLE, Siesta Key, FL, 34242
$2,000,000
Burgio Sousa Team
Sales Associates
William Raveis Real Estate
Phone: 860.983.0457
BurgioSousaTeam@raveis.com
Russell Baboff
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.463.1745
Russell.Baboff@raveis.com
NMLS Mortgage Loan Originator ID 1014636
John Kirkutis
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 970.390.2521
John.Kirkutis@raveis.com
NMLS Mortgage Loan Originator ID 1424716
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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** | 5.750% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.223% | 6.164% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,337 | $9,722 | $13,502 |
| Total Monthly Payment | $9,462 | $9,847 | $13,627 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388