LKV Realty
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$8,950,000
$7,200Reward *
1249 S BASIN Lane, Sarasota, FL 34242Listing ID A4690355

1249 S BASIN Lane, Sarasota, FL 34242

Active
SIESTA PROPERTIES INC
Time on site: 123 daysLast updated: Aug 6, 2026
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
Single Family Residence
Bedrooms
Bedrooms
6
Bathrooms
Bathrooms
8
Square Feet
Square Feet
14,686
Acres
Acres
1.57
Days on Site
Days on Site
123
Cooling
Cooling
Central Air, Zoned, Ceiling Fan(s)
Heating
Heating
Central, Electric, Zoned
Year Built
Year Built
1951
Garages
Garages
8
Parking
Parking
Circular Driveway, Driveway, Garage, Garage Door Opener, Oversized

Rarely does a property of this caliber become available on Siesta Key. Spanning approximately 1.6 acres, this exceptional waterfront estate is framed by majestic oak trees and lush, mature landscaping, creating a private, quiet, and timeless retreat. This legacy property showcases expansive bayfront views that wrap gracefully around to a protected canal, offering both breathtaking vistas and sheltered water access. At its heart stands a classic and formal Southern-style residence, remodeled in 2008, rich in character and designed for an elegant lifestyle. Grand, beautifully proportioned rooms are designed for effortless entertainment, highlighted by a stately formal dining room worthy of the most important occasions. The expansive country kitchen is both functional and refined, featuring a professional-grade Wolf range with custom copper hood, an oversized Sub-Zero refrigerator, vintage tile flooring, and a striking chandelier that brings a touch of timeless elegance to space. A classic wood-burning fireplace adds warmth and character to the cozy wood paneled den with charming French doors opening to bayfront views. With six spacious bedrooms, six full bathrooms, and two additional half baths, this home offers exceptional comfort and ample space to accommodate family and guests with ease. Car enthusiasts will appreciate the 8 garages. Boaters will appreciate the ample opportunities to enhance this property with custom docks or lifts. For those envisioning a custom estate, the property also offers a rare opportunity to build your dream home while comfortably residing on-site in the charming guest cottage, complete with bedroom suite and kitchen—allowing you to plan, design, and construct at your own pace without ever leaving this exceptional setting. This is a true legacy offering, where expansive space and stunning waterfront beauty come together seamlessly, enhanced by breathtaking views that elevate every moment in this extraordinary setting. The Sanderling Club, the only guard-gated, single-family neighborhood on Siesta Key, offering residents tennis and pickleball courts, playground, and deeded access to a pristine stretch of Siesta Beach. Located minutes from Siesta Village, this property provides the perfect balance of serene seclusion and proximity to Sarasota’s vibrant cultural and culinary attractions.

Property Information

Property Details

Location

Address
1249 S BASIN Lane
County
Sarasota
City
Sarasota
Zip Code
34242
Subdivision
SIESTA PROPERTIES INC
High School
Sarasota High
Elementary School
Phillippi Shores Elementary
MLS Area
34242 - Sarasota/Crescent Beach/Siesta Key

Interior Features

Beds and Baths

Bedrooms
6
Full Bathrooms
6
Half Bathrooms
2

Building

Building Information

Square Feet
14,686
Year Built
1951
Construction
Wood Siding, Wood Frame
Foundation
Slab
Roof
Metal
Condition
New Construction

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$40,641
Tax Year
2025

Homeowner Association

HOA Fee
$11,200
HOA Fee Frequency
Annually
MICHAEL SAUNDERS & COMPANY, (941) 951-6660

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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