1249 S BASIN LANE Sarasota, FL $ 8,950,000
1249 S BASIN LANE
$ 8,950,000
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1249 S BASIN LANE

Sarasota, FL, 34242
$ 8,950,000
Bedrooms6 Baths6.2 Sq 8,737

Monthly Estimate*

$ 55,107

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Single Family Home for sale in Sarasota, FL

for $8,950,000 with 6 bedrooms and 6 full baths, 2 half baths. This 8,737 square foot home was built in 1951 on a lot size of 1.57.

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. Additionally, the property can be split into 3 separate waterfront parcels with the smallest water frontage being 99 ft. 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.

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Single Family Active

Price

$ 8,950,000

Bedrooms

6

Full Bath

6

Half Bath

2

Property Type

Single Family

Taxes

$ 40,641

Style

Custom Florida

Lot Size

1.57

Year Built

1951

Town/City

Sarasota

County/Region

Sarasota

MLS | Web ID

A4690355

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Cable Connected Electricity Connected Natural Gas Connected Phone Available Sewer Connected Street Lights Water Connected
Roof Metal
Appliances Built-In Oven Dishwasher Disposal Dryer Freezer Microwave Range Range Hood Refrigerator Washer Wine Refrigerator
Zoning RE2
Garage Spaces 4
Patio/Porch Features Patio
Architectural Style Custom Florida
Pool Features Heated Salt Water
Construction Materials Wood Frame Wood Siding
Pets Allowed Yes
Year Built 1951
View Water
Levels Three Or More
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
Waterfront Features Bay/Harbor
County Sarasota
New Construction false
Property Type Residential
Attached Garage false
Subdivision Name SIESTA PROPERTIES INC
Facing Direction Northeast
Garage Y/N true
Total Rooms 4
Full Baths 6
Status Active
Directions From Stickney Point Road turn left onto Midnight Pass Road turn left onto S. Basin Lane. Home is at the very end of the street.
High School Riverview High
City SARASOTA
Body of Water LITTLE SARASOTA BAY
Senior Community Y/N false
MLS Area 34242 - Sarasota/Crescent Beach/Siesta Key
Lot Size Units Acres
Lot Size Square Feet 68170
Carport Y/N false
Listing Terms Cash Conventional
Spa Features Heated
Land Lease Y/N false
Tax Annual Amount 40641.09
Middle/Junior High School Riverview Middle
Property Condition Completed
Additional Parcels Y/N false
Lease Considered Y/N true
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Owner
Tax Lot 8
Legal Description LOTS 8 & 9 & PART OF LOT 7 ALSO PARCEL MEASURING 100 FT WIDE BOUNDED ON NW & SW BY SIESTA PROPERTIES INC UNIT 3 & EXTENDING TO LITTLE SARASOTA BAY ALL OF ABOVE PROPERTY BEING MORE
Water View Bay/Harbor - Full
Water Access Type Bay/Harbor
Pet Size Limit Extra Large (101+ Lbs.)
Minimum Lease 1 Month
Water Access Y/N true
Water View Y/N true
Flood Zone Code AE
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Interior
Interior Amenities Ceiling Fan(s) Crown Molding Elevator Other
Flooring Brick/Stone Carpet Other Tile Hardwood
Furnished Y/N Unfurnished
Fireplace Features Other Room
Total Stories 3
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Half Baths 2
Laundry Features Inside Laundry Room
Total Bedrooms 6
Total Baths 8
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Exterior
Exterior Amenities Lighting Sliding Doors
Vegetation Mature Landscaping Trees/Landscaped
Parking Features Driveway Garage Door Opener Ground Level
Lot Features FloodZone Landscaped Near Public Transit Street Dead-End
Water Source Public
Lot Size Area 1.565
Foundation Details Slab
Spa true
Building Area Total 14701
Lot Size Acres 1.57
Road Surface Type Paved
Private Pool true
Waterfront Y/N true
Covered Spaces 4
Road Frontage Type Street Dead-End Private Road
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* Excluded Features
List By
Michael Saunders & Company

Broker

kimogilvie@michaelsaunders.com

Email

Affordability Calculator

$58,493
Per Month
94%
6%
0%
Monthly Principal & Interest
$55,107
Monthly Property Taxes
$3,387
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Riverview High High School High School
Pricing History
DatePricePrice ChangeDescription
5/12/2026$8,950,000 Listed Price

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1249 S BASIN LANE, Sarasota, FL, 34242 is a Single Family Home for sale at $8,950,000 with 8,737 sqft and a lot size of 1.57. 1249 S BASIN LANE has 6 bedrooms, 6.2 baths, and was built in 1951. The property's zip code is 34242 which is in Sarasota, FL