Once in a generation, an opportunity to acquire a remarkable waterfront location on Siesta Key may come your way. While waterfront properties come and go, few offer the additional amenities of this coveted street, Cape Leyte Drive, situated two blocks from the remarkably world-famous destination, "Crescent Beach" with its crystal sands and turquoise water. It's not just a beach, it's a national treasure with visitors from all over the globe. Living on Siesta Key with THE beach just outside the front door, and a backyard pool plus dock on the canal, within comfortable proximity to the charming artsy Village scene of this enchanting island is worth serious consideration. Home was flooded during Helene. Owners had drywall taken out right away and A/C has been running. Being sold "As Is". Nothing warranted by sellers. Fabulous location only 2 blocks from Siesta Key public beach. Pool is salt water with no cage. Large dock with 20,000 lift ( also as is) overlooking Grand Canal. One bridge to bay. Rebuild or tear down and build new home. Terrific opportunity to own a piece of Siesta Key paradise. Close to the Village. Tremendous value. Previous owner replaced roof in 2015 among other improvements.
Sold for $1,400,000
$1,400,000
5537 CAPE LEYTE DRIVE, SARASOTA, FL 34242
3beds
2,095sqft
Single Family Residence
Built in 1963
0.35 Acres Lot
$1,340,300 Zestimate®
$668/sqft
$5,706 Estimated rent
Home value
$1,340,300
$1.21M - $1.50M
$5,706/mo
Zestimate® history
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List your homeWhat's special
Waterfront locationBackyard poolPool is salt waterDock on the canalOverlooking grand canal
Zillow last checked:
Listing updated:
Listed by:
Debra Pitell-Hauge 941-356-0437,
MICHAEL SAUNDERS & COMPANY 941-383-7591,
Lisa Sebastian 941-544-5413,
MICHAEL SAUNDERS & COMPANY
Bought with:
Mark Quire, 3363722
KELLER WILLIAMS ON THE WATER S
Source: Stellar MLS,MLS#: A4630208
Originating MLS: Sarasota - Manatee
Originating MLS: Sarasota - Manatee
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Utility Room
Primary bedroom
- Features: Walk-In Closet(s)
- Level: First
- Dimensions: 17x12
Bedroom 2
- Features: Built-in Closet
- Level: First
- Dimensions: 12x11
Bedroom 3
- Features: Built-in Closet
- Level: First
- Dimensions: 14x12
Primary bathroom
- Level: First
- Dimensions: 7x14
Bathroom 2
- Level: First
- Dimensions: 7x7
Family room
- Level: First
- Dimensions: 21x14
Kitchen
- Level: First
- Dimensions: 12x12
Laundry
- Level: First
- Dimensions: 19x8
Living room
- Level: First
- Dimensions: 26x11
Heating
- Central, Electric, Zoned
Cooling
- Central Air
Appliances
- Included: None
- Laundry: Inside
Features
- Open Floorplan, Primary Bedroom Main Floor, Stone Counters
- Flooring: Other, Travertine
- Has fireplace: No
Interior area
- Total structure area: 2,583
- Total interior livable area: 2,095 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
- Details: Garage Dimensions: 19x21
Features
- Levels: One
- Stories: 1
- Exterior features: Other
- Has private pool: Yes
- Pool features: In Ground, Salt Water
- Has view: Yes
- View description: Water, Canal
- Has water view: Yes
- Water view: Water,Canal
- Waterfront features: Canal - Saltwater, Saltwater Canal Access, Bridges - Fixed, Lift, No Wake Zone, Seawall
- Body of water: THE GRAND CANAL
Lot
- Size: 0.35 Acres
- Dimensions: 127 x 140 x 93 x 140
- Features: Flood Insurance Required, FloodZone, In County, Near Public Transit, Unincorporated
Details
- Parcel number: 0082150028
- Zoning: RSF2
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Block, Stucco
- Foundation: Slab
- Roof: Shingle
Condition
- Completed
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: SIESTA ISLES
HOA
- Has HOA: Yes
- HOA fee: $13 monthly
- HOA name: Siesta Isles Assoc
Location
- Region: Sarasota
Financial & listing details
- Price per square foot: $668/sqft
- Tax assessed value: $1,243,600
- Annual tax amount: $19,702
- Date on market: 11/22/2024
- Cumulative days on market: 31 days
- Listing terms: Cash
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 1/22/2025 | Sold | $1,400,000-12.2%$668/sqft |
Source:  Stellar MLS #A4630208 Report a problem | ||
| 12/24/2024 | Pending sale | $1,595,000$761/sqft |
Source: Stellar MLS #A4630208 Report a problem | ||
| 12/11/2024 | Price change | $1,595,000-3.3%$761/sqft |
Source: Stellar MLS #A4630208 Report a problem | ||
| 11/22/2024 | Listed for sale | $1,650,000+29.4%$788/sqft |
Source: Stellar MLS #A4630208 Report a problem | ||
| 3/9/2021 | Sold | $1,275,000$609/sqft |
Source: Public Record Report a problem | ||
| 1/2/2021 | Pending sale | $1,275,000$609/sqft |
Source: PREMIER SOTHEBYS INTL REALTY #A4486703 Report a problem | ||
| 1/2/2021 | Listing removed | -- |
Source: Stellar MLS Report a problem | ||
| 12/30/2020 | Listed for sale | $1,275,000+116.8%$609/sqft |
Source: PREMIER SOTHEBYS INTL REALTY #A4486703 Report a problem | ||
| 11/19/2001 | Sold | $588,000+22.5%$281/sqft |
Source: Public Record Report a problem | ||
| 5/26/2000 | Sold | $480,000$229/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,059 -23.6% | $1,243,600 -24.6% |
| 2024 | $19,703 +6.1% | $1,650,200 +7.9% |
| 2023 | $18,562 +9.7% | $1,529,880 +10% |
| 2022 | $16,915 +124.4% | $1,390,800 +129% |
| 2021 | $7,537 -0.5% | $607,211 +1.4% |
| 2020 | $7,577 +3.1% | $598,827 +2.3% |
| 2019 | $7,348 | $585,364 +1.9% |
| 2018 | $7,348 +2% | $574,449 +2.1% |
| 2017 | $7,203 +0.2% | $562,634 -22.6% |
| 2016 | $7,186 | $727,100 +10% |
| 2015 | $7,186 +0.3% | $660,900 +25.5% |
| 2014 | $7,161 +0% | $526,704 |
| 2013 | $7,161 +2.7% | $526,704 +1.7% |
| 2012 | $6,971 -1% | $517,900 -2.6% |
| 2011 | $7,039 -2% | $531,700 +0.8% |
| 2010 | $7,180 -29.6% | $527,500 -15.3% |
| 2009 | $10,204 | $622,600 -22.7% |
| 2008 | $10,204 -0.6% | $805,700 +1.4% |
| 2007 | $10,264 | $794,769 +2.5% |
| 2006 | -- | $775,384 +3% |
| 2005 | -- | $752,800 +20.4% |
| 2004 | $9,671 +8.9% | $625,500 +13% |
| 2003 | $8,881 +8% | $553,500 +7.5% |
| 2002 | $8,221 +30% | $515,100 +17.6% |
| 2001 | $6,324 +63.8% | $438,100 +67.3% |
| 2000 | $3,861 | $261,849 |
Find assessor info on the county website
Neighborhood: 34242
Nearby homes
- $1,594,9003 bd2 ba2.1k sqft5529 Cape Leyte Dr, Sarasota, FL 34242Off Market
- $2,638,7003 bd4 ba2.5k sqft5543 Cape Leyte Dr, Sarasota, FL 34242Off Market
- $1,161,8003 bd2 ba2.1k sqft5530 Cape Leyte Dr, Sarasota, FL 34242Off Market
- $1,506,1003 bd3 ba2.1k sqft5534 Cape Leyte Dr, Sarasota, FL 34242Off Market
- $2,126,7003 bd3 ba2.4k sqft5456 Azure Way, Sarasota, FL 34242Off Market
- $2,872,9004 bd4 ba4.1k sqft5555 Cape Leyte Dr, Sarasota, FL 34242Off Market
- $1,409,7002 bd2 ba1.5k sqft5521 Cape Leyte Dr, Sarasota, FL 34242Off Market
- $1,679,0003 bd3 ba2.7k sqft5460 Azure Way, Sarasota, FL 34242For Sale By Owner
Nearby schools
GreatSchools rating
- 9/10Phillippi Shores Elementary SchoolGrades: PK-5Distance: 1.8 mi
- 6/10Brookside Middle SchoolGrades: 6-8Distance: 2.7 mi
- 5/10Sarasota High SchoolGrades: 9-12Distance: 4.1 mi
Schools provided by the listing agent
- Elementary: Phillippi Shores Elementary
- Middle: Brookside Middle
- High: Sarasota High
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,340,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,340,300
- Florida
- Sarasota County
- Siesta Key
- 34242
- 5537 CAPE LEYTE DRIVE
Nearby cities
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