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Sold for $1,550,000
  • $1,550,000

    557 Venice Ln, Sarasota, FL 34242

    5beds
    3,213sqft
    Single Family Residence
    Built in 1979
    0.33 Acres Lot
    $1,537,000 Zestimate®
    $482/sqft
    $7,390 Estimated rent

    Home value

    $1,537,000

    $1.40M - $1.69M

    $7,390/mo

    Zestimate® history
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    What's special

    Private dockFour well-proportioned bedroomsDirect protected canal accessHistoric boathouseExpansive eat-in kitchenCustom closet systems
    Set along the Grand Canal on the North End of Siesta Key, 557 Venice Lane presents a rare opportunity to own a waterfront residence that balances architectural character, boating access, and an unmistakable sense of place. Distinguished by one of the few remaining historic boathouses on Siesta Key, the property reflects a legacy of island living that is increasingly difficult to find. Designed for those who value both water and proximity to shore, the home offers direct, protected canal access. From the private dock, boaters follow the Grand Canal into Sarasota Bay, with seamless connectivity to the Intracoastal Waterway and Gulf access beyond. The route is calm, navigable, and ideal for daily use—whether launching a boat, paddleboard, kayak, or jet ski. For beach enthusiasts, Siesta Key’s renowned shoreline is only minutes away, allowing owners to move effortlessly between open water and sand. Interiors are thoughtfully composed, with generous scale and abundant natural light. The main living level is anchored by a refined family room with a marble fireplace, opening into a flexible dining and gathering space suitable for both entertaining and daily living. The expansive eat-in kitchen is complemented by an adjoining lounge area, creating a cohesive environment that feels open yet intentional. The residence includes four well-proportioned bedrooms, each featuring custom closet systems. A junior ensuite primary bedroom on the main living level offers convenience and privacy, while the third-level primary suite is positioned as a true retreat, complete with a sitting area, ensuite bath, and French doors leading to rooftop views over the surrounding neighborhood and waterways. The first floor features a bonus room, ideal for a media space, private office, fitness studio, or guest retreat—adding versatility without compromising the home’s flow. Outdoor living is discreetly private, with a screened pool and lanai framed by mature tropical landscaping. The setting encourages quiet relaxation as well as casual waterfront entertaining, with the dock and boathouse extending the living experience directly onto the canal. With immediate access to Sarasota Bay, nearby beaches, dining, and shopping, the location supports an effortless island lifestyle. The absence of deed restrictions or a neighborhood association further enhances flexibility, making the property suitable as a primary residence, second home, or investment opportunity. 557 Venice Lane stands as a refined waterfront offering, defined by heritage, access, and understated elegance—on one of Siesta Key’s most desirable canals.

    Zillow last checked:

    Listing updated:

    Listed by:

    Estela Ziu 813-858-6267,

    COMPASS FLORIDA, LLC 305-851-2820

    Bought with:

    Juli Pearce, 3587858

    MICHAEL SAUNDERS & COMPANY

    Source: Stellar MLS,MLS#: TB8471905MLS LogoOriginating MLS: Suncoast Tampa

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 4
    Other
    • Features: Walk-In Closet(s)
    • Level: Third
    Other
    • Features: Walk-In Closet(s)
    • Level: Second
    Bedroom 1
    • Features: Built-in Closet
    • Level: Second
    Bedroom 2
    • Features: Dual Closets
    • Level: Second
    Primary bathroom
    • Level: Third
    Primary bathroom
    • Level: Second
    Bathroom 1
    • Level: Second
    Bathroom 2
    • Level: First
    Balcony porch lanai
    • Level: Second
    Bonus room
    • Features: Storage Closet
    • Level: First
    Dining room
    • Level: Second
    Kitchen
    • Level: Second
    Living room
    • Level: Second
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Oven, Cooktop, Dishwasher, Disposal
    • Laundry: Inside, Laundry Closet
    Features
    • Built-in Features, Living Room/Dining Room Combo, Open Floorplan, Vaulted Ceiling(s), Walk-In Closet(s)
    • Flooring: Parquet, Porcelain Tile
    • Doors: French Doors, Outdoor Grill
    • Has fireplace: Yes
    • Fireplace features: Living Room, Master Bedroom
    Interior area
    • Total structure area: 4,710
    • Total interior livable area: 3,213 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    • Attached garage spaces: 2
    Features
    • Levels: Three Or More
    • Stories: 3
    • Exterior features: Awning(s), Other, Outdoor Grill, Private Entrance, Boat Slip
    • Has private pool: Yes
    • Pool features: In Ground
    • Has view: Yes
    • View description: Canal
    • Has water view: Yes
    • Water view: Canal
    • Waterfront features: Canal - Saltwater, Brackish Canal Access, Boat Ramp - Private, Lift - Covered
    Lot
    • Size: 0.33 Acres
    Details
    • Additional parcels included: N/A
    • Parcel number: 0079 15 0021
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Other
    • Foundation: Other
    • Roof: Other
    Condition
    • New construction: No
    • Year built: 1979

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: BB/HS Internet Available, Cable Available, Electricity Connected

    Community & HOA

    Community
    • Pet fee: $0 monthly
    • Subdivision: SIESTAS BAYSIDE WATERSIDE EAST
    HOA
    • Has HOA: No
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $482/sqft
    • Tax assessed value: $1,399,500
    • Annual tax amount: $16,372
    • Date on market: 2/12/2026
    • Cumulative days on market: 15 days
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Asphalt, Concrete

    Price history

    DateEventPrice
    3/16/2026Sold$1,550,000-7.7%$482/sqft
    Source: Stellar MLS #TB8471905 Report a problem
    2/27/2026Pending sale$1,680,000$523/sqft
    Source: Stellar MLS #TB8471905 Report a problem
    2/23/2026Price change$1,680,000-6.1%$523/sqft
    Source: Stellar MLS #TB8471905 Report a problem
    2/13/2026Listed for sale$1,790,000+98.9%$557/sqft
    Source: Stellar MLS #TB8471905 Report a problem
    5/24/2021Sold$900,000-35.3%$280/sqft
    Source: Public Record Report a problem
    4/6/2021Pending sale$1,390,000$433/sqft
    Source: Stellar MLS #A4495570 Report a problem
    4/1/2021Price change$1,390,000-15.7%$433/sqft
    Source: Michael Saunders & Company #A4495570 Report a problem
    3/29/2021Listed for sale$1,649,000+43.4%$513/sqft
    Source: Michael Saunders & Company #A4495570 Report a problem
    8/14/2020Listing removed$1,150,000$358/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4451056 Report a problem
    2/24/2020Price change$1,150,000-11.2%$358/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4451056 Report a problem
    2/21/2020Listed for sale$1,295,000$403/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4451056 Report a problem
    2/11/2020Pending sale$1,295,000$403/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4451056 Report a problem
    12/5/2019Price change$1,295,000-7.2%$403/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4451056 Report a problem
    11/8/2019Listed for sale$1,395,000+46.7%$434/sqft
    Source: MICHAEL SAUNDERS & COMPANY #A4451056 Report a problem
    7/2/2004Sold$951,000+86.5%$296/sqft
    Source: Public Record Report a problem
    11/17/2000Sold$510,000$159/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$17,055 -2%$1,399,500 -1.9%
    2024$17,399 +1.1%$1,426,700 +13.5%
    2023$17,209 +21.1%$1,256,970 +10%
    2022$14,208 +60.6%$1,142,700 +61.4%
    2021$8,845 -0.5%$707,913 +1.4%
    2020$8,892 +3.1%$698,139 +2.3%
    2019$8,629 $682,443 +1.9%
    2018$8,629 +2%$669,718 +2.1%
    2017$8,462 -1.6%$655,943 -36%
    2016$8,598 $1,025,100 +22.2%
    2015$8,598 +0.8%$838,700 +35.1%
    2014$8,531 +0.2%$620,754
    2013$8,517 +2.5%$620,754 +1.7%
    2012$8,313 +4.7%$610,378 +3%
    2011$7,942 -3.5%$592,600 -0.9%
    2010$8,234 -22%$597,700 -13.1%
    2009$10,559 $687,500 -16.8%
    2008$10,559 -8.7%$825,900 -7.3%
    2007$11,568 $890,736 +2.5%
    2006-- $869,011 +3%
    2005-- $843,700 +44.5%
    2004$8,783 -1.2%$583,814 +1.9%
    2003$8,890 +2.5%$572,928 +2.4%
    2002$8,670 +11.3%$559,500 +10.8%
    2001$7,791 +60.1%$505,100 +56.1%
    2000$4,866 $323,587
    Find assessor info on the county website

    Neighborhood: 34242

    Nearby schools

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    Estimated market value
    $1,537,000
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    Estimated market value
    $1,537,000