1 year on rocket

515 Canal Rd, Sarasota, FL, 34242

$7,985,000

12 Bedrooms
10 Baths
5,835 SqFt
$1,368/SqFt
Multi
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeDuplex
Attached Garage4 spaces
Year Built2018
HeatingCentral
CoolingCentral Air
Private PoolYes
MLS #A4564885
Lot Size0.22 Acres
StatusActive

About 515 Canal Rd

Canal Front Duplex Townhome with Dock Access • Rooftop Deck Private with Expansive Views - Gulf, Sunset, Canal, Downtown Siesta Views • 2-minute walk from the beach • Private Pool and Hot Tub • Pet Friendly • Ping Pong Table • Private Elevator • Shared Dock, Private Heated Pool and Spa - paddleboard, kayak launch • Multiple Balconies with Waterfront Views, Covered Patio Space • Parking for 2+ Cars, WiFi, TV, BBQ Grill Included *This Island retreat is a special gem on the Siesta Key waterfront. *Popular Luxury Vacation rental with tremendous rental history which makes it an ideal investment and personal vacation property. *Call for a private showing today.

Property Details

Property Features

Property Information:

  • Year Built: 2018
  • Living Area: 5,835 SqFt

Listing Office:

  • Office Name: RE/MAX ALLIANCE GROUP
  • Office Phone: (941) 349-5200
  • Listing Agent: Costa Stratos

Interior Features

Interior Information:

  • Interior: Ceiling Fans(s), Eat-in Kitchen, Elevator, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Solid Wood Cabinets, Stone Counters, Wet Bar, Window Treatments

Bedroom and Bathroom Information:

  • Total Bedroom Count: 12

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Exterior: Balcony, French Doors, Lighting, Outdoor Grill, Outdoor Shower, Storage

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Sarasota High School, Public District Grades 9-12
  • Brookside Middle School, Public District Grades 6-8
  • Phillippi Shores Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From Ocean Blvd turn left onto Canal Rd at the 4 way stop sign. From Beach Rd heading North turn right onto Calle Del Invierno, at the stop sign turn left onto Canal Rd. 1st house on the right

Price Information

Listing Price Info

Price Summary:

  • List Price: $7,985,000
  • Price Per SqFt: $1,368/SqFt

Tax Information:

  • Annual Amount: $33,457
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Sarasota, FL.

Med. Sold Price

$519K

Med. Price/SqFt

$306

Avg. Days On Market

56

# of Sold Homes

593

515 Canal Rd vs Sarasota

403 DAYS ON ROCKET

+347 Days

$7,985,000

+$7.4M More

$1,368/SqFt

+$1K More

KEY TAKEAWAY

This property is $7.4M more than the Median Sold Price and $1K/SqFt more than other homes in Sarasota, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #A4564885

Listing Office:

  • Office Name: RE/MAX ALLIANCE GROUP
  • Office Phone: (941) 349-5200
  • Listing Agent: Costa Stratos

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/2/2024, 8:19:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 22, 2016Home Sold
$1,400,000

Tax History

YEARPROP. TAXASSESSMENT
2020$33,457$2,764,900
2019$29,989$2,148,962
2018$10,137$582,283
2017$13,067$919,400

History based on county public records data.

Payment Calculator

$39.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$24K

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4999185
8
/10
  • Phillippi Shores Elementary School

  • 4747 S Tamiami Trl

  • 2.15 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4999186
5
/10
  • Brookside Middle School

  • 3636 S Shade Ave

  • 2.94 miles

  • Public District Grades 6-8

High School

school-card-donut-4999187
4
/10
  • Sarasota High School

  • 1000 S School Ave

  • 4.16 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $82,537. Typical income of Sarasota, FL residents is between $35k-100k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

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Rocket HomesFloridaSarasota CountySarasota34242515 Canal Rd

This home is located at 515 Canal Rd in Sarasota, FL and zip code 34242 in the Siesta Key neighborhood. This 5,835 square foot home, which was built in 2018, sits on a 0.22 acre lot. Features: 12 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since March 26, 2023 and is currently priced at $7,985,000.

While more than 41 listings in Sarasota, FL in April 2024 were sold above asking price, there were more than 90 listings sold at asking price, and more than 462 were sold below. Between March 2024 and April 2024, Sarasota, FL real estate market has seen decrease in the number of listings by 1.8%. The median list price of listings available in April 2024 was $519,031, while the average time on the real estate market was 56 days.

From Rocket Homes Real Estate and based on county public records data.

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