LKV Realty
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$6,499,500
$7,200Reward *
1204 DERBY Lane, Sarasota, FL 34242Listing ID TB8356488

1204 DERBY Lane, Sarasota, FL 34242

Active
GULF VIEW ON LITTLE SARASOTA BAY
Time on site: 531 daysLast updated: Jul 8, 2025
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Duplex
Bedrooms
Bedrooms
10
Bathrooms
Bathrooms
10
Square Feet
Square Feet
9,837
Acres
Acres
0.25
Days on Site
Days on Site
531
Cooling
Cooling
Central Air, Ceiling Fan(s)
Heating
Heating
Electric, Natural Gas
Year Built
Year Built
2017
Garages
Garages
4
Parking
Parking
Boat, Common, Driveway, Garage, Golf Cart Garage, Garage Door Opener, Guest, Off Street, Oversized, Garage Faces Rear

Welcome to an unparalleled luxury coastal retreat in the heart of SIESTA KEY, home to Tripadvisor’s #1 Beach in America! This turn-key luxury vacation rental boasts a potential $966,192 in first-year cash flow ($575,000+ from rental income and up to $391,192 from 100 percent bonus depreciation, reinstated by the Big Beautiful Bill), making it an extraordinary investment opportunity. Built in 2017 to the highest standards, this exquisite three-story estate offers 10 bedrooms, 8 full bathrooms, 2 half baths, 2 private heated pools, 2 outdoor kitchens, and a 4-car garage. Just steps from the world-renowned Siesta Key Beach via private deeded beach access, this property is a true diamond among Siesta Key’s aging real estate market. With no rental restrictions, no HOA fees, a proven rental track record, excellent guest reviews, and steadily increasing occupancy and nightly rate performance, it’s priced below Zillow Zestimate with motivated sellers. The concrete block structure ensures durability, while the meticulously crafted interior features high-end finishes, including soaring ceilings, tile flooring, and gourmet kitchens with Jenn-Air appliances, granite countertops, solid wood cabinets, and expansive islands. Each master suite includes a spa-like en-suite bathroom with a soaking tub and stand-up shower. With 2 private entrances, 2 private elevators, and 2 private garages, this fully furnished estate is designed for guest convenience and low maintenance. Perfect for investors seeking a high-performing asset in a prime location, this Siesta Key masterpiece combines modern amenities with the allure of America’s top-rated beach. Don’t miss this rare opportunity to own a luxury vacation rental with a stellar rental history in one of the most coveted coastal destinations!

Property Information

Property Details

Location

Address
1204 DERBY Lane
County
Sarasota
City
Sarasota
Zip Code
34242
Subdivision
GULF VIEW ON LITTLE SARASOTA BAY
High School
Sarasota High
Elementary School
Phillippi Shores Elementary
MLS Area
34242 - Sarasota/Crescent Beach/Siesta Key

Interior Features

Beds and Baths

Bedrooms
10

Building

Building Information

Square Feet
9,837
Year Built
2017
Construction
Block, Concrete
Foundation
Block, Slab
Roof
Metal

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$51,420
Tax Year
2024
DALTON WADE INC, (888) 668-8283

Market Report for 34242

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Stellar MLS
Stellar MLS logo

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

For corrections to this data please contact Brytecore MLS Support.

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