Active

$2,200,000

Features:
  • 5 Bedrooms
  • 3 Bathrooms
  • 3195 sq ft
Overview
  • ID: MFRA4686192
  • Bedrooms: 5
  • Bathrooms: 3
  • Size: 3195 sq ft
Property Details
Remarks
Price Reduced! Spacious island living, strong weekly rental income, and a prime north Siesta Key location come together in this beautifully maintained 5-bedroom, 3-bath furnished home just steps from beach access No. 1 at Shell Road on Big Pass. Built above base flood elevation of 11 feet, this property offers a valuable advantage on Siesta Key, along with the comfort, privacy, and usability today’s buyers are looking for. Fully gated and walled, the home sits on a generous lot surrounded by lush tropical landscaping, with an oversized 3-car garage and large paver driveway providing ample space for vehicles, beach gear, and a golf cart. Inside, the home offers large, open living spaces ideal for gathering and entertaining, featuring 12-foot ceilings, crown molding, arched openings, travertine flooring, and a spacious living room with gas fireplace. The kitchen includes stainless steel appliances, oak cabinetry, a breakfast nook overlooking the backyard oasis, and easy flow to the separate dining area and main living spaces. French doors open to a large terrace overlooking the tropical backyard, while an additional side terrace offers a private place to relax. The main-floor primary suite is a standout, offering direct terrace access, an oversized bedroom, two walk-in closets, and a luxurious en-suite bath with dual vanities, soaking tub, walk-in shower, and floor-to-ceiling travertine. Two additional bedrooms and a full bath are also located on the first floor, creating a functional and flexible layout. Upstairs, two generous guest bedrooms, a full bath, and a wet bar with beverage fridge provide an ideal retreat for visitors, with one bedroom opening to a private terrace overlooking the backyard. Designed for indoor-outdoor island living, the backyard is a true tropical oasis with mature landscaping, a heated saltwater pool with fountain, paver deck, large turf area, outdoor shower, and an exceptional tiki hut bar and outdoor kitchen complete with a built-in gas grill, two bar fridges, and porcelain countertops. An additional fenced side yard offers extra space for pets or outdoor enjoyment. Offered turn-key furnished, with a five-bedroom layout, generous lot size, multiple terraces, abundant storage, central vacuum, and expected 2026 rental income of $190,000. This home is an outstanding opportunity for those seeking a private Siesta Key retreat, income-producing investment, or both. Ideally located near world-renowned Siesta Key Beach and just a short drive to downtown Sarasota’s restaurants, shopping, and cultural attractions, this property offers the best of island living with convenience, comfort, and flexibility.
Financial Considerations
Price:
$2,200,000
HOA Fee:
N/A
Tax Amount:
$24862
Price per SqFt:
$688.58
Tax Legal Description:
LOTS 1, 2 & 3, BLK 27, LESS PORTION OF LOTS 2 & 3, DESC AS COM AT SW COR OF LOT 3, TH N-26-03-46-E 22.14 FT FOR POB TH NELY ALONG CURVE TO RIGHT 138.4 FT TH N-89-40-05-W 53.47 FT TH S-26-03-46-W
Exterior Features
Lot Size:
15224
Lot Features:
Corner Lot, City Limits, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Driveway, Oversized
Roof:
Tile
Pool:
Yes
Pool Features:
Gunite, Heated, In Ground, Pool Alarm, Salt Water
Interior Features
Bedrooms:
5
Bathrooms:
3
Heating:
Central
Cooling:
Central Air, Humidity Control
Appliances:
Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range Hood, Refrigerator, Washer
Furnished:
Yes
Floor:
Luxury Vinyl, Travertine
Levels:
Two
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
2004
Construction Type:
Block, Stucco
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
East
Pets Allowed:
No
Special Condition:
None
Additional Features:
Balcony, French Doors, Hurricane Shutters, Lighting, Outdoor Grill, Outdoor Kitchen, Outdoor Shower, Private Yard, Rain Gutters
Additional Features 2:
Refer to City of Sarasota Zoning Code
Map
  • Address
    3508 LA PALOMA AVE
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