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For sale
  • Price cut: $500K (5/18)
    $6,499,500

    1204 Derby Ln, Sarasota, FL 34242

    10beds
    7,052sqft
    : 
    Single Family Residence
    Built in 2017
    0.25 Acres Lot
    $-- Zestimate®
    $922/sqft
    $-- HOA

    What's special

    Large islandPrivate beach accessGranite countertopsHigh end finishesMaster suiteOutdoor kitchensJenn-air appliances
    Welcome to an unparalleled luxury coastal retreat in the heart of SIESTA KEY, home to Tripadvisor’s #1 Beach in America! This turn-key luxury vacation rental boasts a potential $966,192 in first-year cash flow ($575,000+ from rental income and up to $391,192 from 100 percent bonus depreciation, reinstated by the Big Beautiful Bill), making it an extraordinary investment opportunity. Built in 2017 to the highest standards, this exquisite three-story estate offers 10 bedrooms, 8 full bathrooms, 2 half baths, 2 private heated pools, 2 outdoor kitchens, and a 4-car garage. Just steps from the world-renowned Siesta Key Beach via private deeded beach access, this property is a true diamond among Siesta Key’s aging real estate market. With no rental restrictions, no HOA fees, a proven rental track record, excellent guest reviews, and steadily increasing occupancy and nightly rate performance, it’s priced below Zillow Zestimate with motivated sellers. The concrete block structure ensures durability, while the meticulously crafted interior features high-end finishes, including soaring ceilings, tile flooring, and gourmet kitchens with Jenn-Air appliances, granite countertops, solid wood cabinets, and expansive islands. Each master suite includes a spa-like en-suite bathroom with a soaking tub and stand-up shower. With 2 private entrances, 2 private elevators, and 2 private garages, this fully furnished estate is designed for guest convenience and low maintenance. Perfect for investors seeking a high-performing asset in a prime location, this Siesta Key masterpiece combines modern amenities with the allure of America’s top-rated beach. Don’t miss this rare opportunity to own a luxury vacation rental with a stellar rental history in one of the most coveted coastal destinations!
    41 days
    on Zillow
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    433
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    12
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    Zillow last checked: 7 hours ago

    Listing updated: July 08, 2025 at 10:43am

    Listing Provided by:

    Jeff Stuben, PA 813-787-6243,

    CHARLES RUTENBERG REALTY INC 727-538-9200

    Source: Stellar MLS,MLS#: TB8395700MLS LogoOriginating MLS: Suncoast Tampa

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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 10
    • Full bathrooms: 8
    • 1/2 bathrooms: 2
    Rooms
    • Room types: Attic, Den/Library/Office, Family Room, Dining Room, Living Room, Great Room, Storage Rooms
    Primary bedroom
    • Features: Walk-In Closet(s)
    • Level: Third
    • Area: 300 Square Feet
    • Dimensions: 20x15
    Primary bedroom
    • Features: Walk-In Closet(s)
    • Level: Second
    • Area: 300 Square Feet
    • Dimensions: 20x15
    Bedroom 3
    • Features: Built-in Closet
    • Level: Second
    • Area: 238 Square Feet
    • Dimensions: 17x14
    Bedroom 4
    • Features: Built-in Closet
    • Level: Third
    • Area: 238 Square Feet
    • Dimensions: 17x14
    Bedroom 5
    • Features: Built-in Closet
    • Level: Second
    • Area: 168 Square Feet
    • Dimensions: 12x14
    Balcony porch lanai
    • Level: Third
    • Area: 280 Square Feet
    • Dimensions: 10x28
    Balcony porch lanai
    • Level: Second
    • Area: 280 Square Feet
    • Dimensions: 10x28
    Dining room
    • Level: Second
    • Area: 230 Square Feet
    • Dimensions: 23x10
    Dining room
    • Level: Third
    • Area: 230 Square Feet
    • Dimensions: 23x10
    Great room
    • Level: Third
    • Area: 224 Square Feet
    • Dimensions: 16x14
    Great room
    • Level: Second
    • Area: 224 Square Feet
    • Dimensions: 16x14
    Kitchen
    • Level: Second
    • Area: 304 Square Feet
    • Dimensions: 16x19
    Kitchen
    • Level: Third
    • Area: 304 Square Feet
    • Dimensions: 16x19
    Other
    • Level: First
    • Area: 494 Square Feet
    • Dimensions: 19x26
    Other
    • Level: First
    • Area: 494 Square Feet
    • Dimensions: 19x26
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Bar Fridge, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Kitchen Reverse Osmosis System, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Refrigerator
    • Laundry: Laundry Room
    Features
    • Cathedral Ceiling(s), Ceiling Fan(s), Elevator, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s)
    • Flooring: Carpet, Ceramic Tile
    • Doors: Outdoor Grill, Outdoor Kitchen, Outdoor Shower, Sliding Doors
    • Windows: Blinds, Double Pane Windows, ENERGY STAR Qualified Windows, Insulated Windows, Storm Window(s), Window Treatments
    • Has fireplace: No
    • Furnished: Yes
    Interior area
    • Total structure area: 9,837
    • Total interior livable area: 7,052 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage - Attached
    • Attached garage spaces: 4
    Accessibility
    • Accessibility features: Accessible Approach with Ramp, Accessible Doors
    Features
    • Levels: Three Or More
    • Stories: 3
    • Exterior features: Balcony, Irrigation System, Lighting, Outdoor Grill, Outdoor Kitchen, Outdoor Shower, Rain Gutters, Sidewalk
    • Has private pool: Yes
    • Pool features: Gunite, Heated, In Ground, Lap, Lighting, Salt Water
    • Spa features: Heated, In Ground
    • Fencing: Fenced,Masonry,Other
    • Has view: Yes
    • View description: Pool, Water, Beach, Gulf/Ocean - Full, Gulf/Ocean - Partial
    • Has water view: Yes
    • Water view: Water,Beach,Gulf/Ocean - Full,Gulf/Ocean - Partial
    • Waterfront features: Beach Access, Beach - Access Deeded, Brackish Water Access, Brackish Canal Access, Intracoastal Waterway Access
    Lot
    • Size: 0.25 Acres
    • Dimensions: 90 x 240
    • Features: Corner Lot
    Details
    • Additional structures: Outdoor Kitchen
    • Parcel number: 0106030008
    • Zoning: RMF2
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Block, Concrete
    • Foundation: Block
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 2017

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Street Lights, Water Connected

    Community & HOA

    Community
    • Security: Security System, Smoke Detector(s)
    • Subdivision: GULF VIEW ON LITTLE SARASOTA BAY
    HOA
    • Has HOA: No
    • Pet fee: $0 monthly
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $922/sqft
    • Tax assessed value: $4,332,400
    • Annual tax amount: $51,419
    • Date on market: 6/10/2025
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Paved
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