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Off market
  • $1,507,100

    516 Canal Rd, Sarasota, FL 34242

    --beds
    0baths
    2,540sqft
    Duplex
    Built in 1954
    -- sqft lot
    $1,507,100 Zestimate®
    $593/sqft
    $3,473 Estimated rent

    Home value

    $1,507,100

    $1.34M - $1.70M

    $3,473/mo

    Zestimate® history
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    Owner options

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    $3,473/mo

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    Rent Zestimate®

    Refinance and save

    $9,534/mo

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    $9,534/mo

    Est. payment

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    What's special

    Originally part of the Ringling Beach House compound and optimally situated directly across from beach access #9 on Siesta Key, this collection of residences is an opportunity to invest in a world-renowned coastline. Comprised of two large one-bedroom suites, nicknamed Mermaid and Marlin, the resort-style living delights with recently updated and furnished interiors. Each unit includes a kitchen fully equipped with everything needed to make a family dinner and separate dining, living and bedroom areas. Screened porches off both units allow for easy living whether entertaining or reading a good book. Amenities add to the already strong income-producing potential with a spacious pool area and outdoor grill. Walk across the street with provided beach towels, chairs and umbrellas to enjoy a day away from devices and underneath the warm sun. With an option to add a boat dock on the grand canal, you will have a true beach-to-bay property. A short walk to Siesta Village and an array of island cuisine, shopping and nightlife, the lot is your canvas to craft the ultimate getaway or continue a legacy of helping families connect with the beautiful natural splendor of the Gulf Coast.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • central
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Microwave, Refrigerator
    • Laundry: Inside
    Features
    • Ceiling Fans(s), High Ceiling(s), Attic Fan, Vaulted Ceiling(s), Open Floorplan, Solid Surface Counters
    • Flooring: Tile
    Interior area
    • Total interior livable area: 2,540 sqft

    Property

    Features
    • Levels: Two
    • Pool features: In Ground
    Lot
    • Size: 4,791 sqft
    • Dimensions: 50x98x37x98
    Details
    • Parcel number: 0082120003
    • Zoning: RMF1

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    Materials
    • Wood
    • Foundation: Concrete
    • Roof: Composition
    Condition
    • Year built: 1954

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Cable Connected

    Community & neighborhood

    Location
    • Region: Sarasota
    • Subdivision: SARASOTA BEACH

    Other

    Other facts
    • Exterior Features: Fenced, Balcony, Storage, Lighting
    • Financial Data Source: Owner
    • Total Acreage: Up to 10, 889 Sq. Ft.
    • Utilities: Electricity Connected, Cable Connected
    • Appliances: Dishwasher, Electric Water Heater, Refrigerator, Range, Microwave, Dryer, Washer, Freezer, Built-In Oven
    • Interior Features: Ceiling Fans(s), High Ceiling(s), Attic Fan, Vaulted Ceiling(s), Open Floorplan, Solid Surface Counters
    • Laundry Features: Inside
    • Levels: Two
    • Cooling: Central Air, Wall/Window Unit(s)
    • Heating: Central
    • Pets Allowed: Yes
    • Property Sub Type: Duplex
    • Property Type: Residential Income
    • Roof: Shingle
    • Water Access: Canal - Saltwater
    • Furnished: Furnished
    • Pool Features: In Ground
    • Additional Parcels YN: 0
    • Fireplace YN: 0
    • Waterfront Feet Total: 0
    • Waterfront YN: 0
    • Water View YN: 0
    • Public Survey Range: 17
    • Flood Zone Code: AE
    • Pool Private YN: 1
    • Public Survey Section: 12
    • Zoning: RMF1
    • Water Access YN: 1
    • Year Built: 1954
    • Flood Zone Panel: 12115C0143F
    • New Construction YN: 0
    • Water Extras YN: 1
    • Tax Year: 2018
    • Water Extras: Dock - Slip Deeded Off-Site
    • Living Area: 2540.00
    • Garage YN: 0
    • Flooring: Tile
    • Sewer: Public Sewer
    • Water Source: Public
    • Available For Lease YN: 1
    • Construction Materials: Wood Siding
    • Homestead YN: 0
    • Subdivision Name: SARASOTA BEACH
    • Flood Zone Date: 2016-11-04
    • Lot Size Dimensions: 50x98x37x98
    • Tax Annual Amount: 9030.00

    Price history

    DateEventPrice
    3/5/2021Sold$1,050,000+31.3%$413/sqft
    Source: Public Record Report a problem
    1/21/2020Sold$800,000-25.5%$315/sqft
    Source: Stellar MLS #A4446336 Report a problem
    12/13/2019Pending sale$1,074,000$423/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4446336 Report a problem
    11/14/2019Price change$1,074,000-2.3%$423/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4446336 Report a problem
    9/25/2019Price change$1,099,000-8.3%$433/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4446336 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $1,427,600 -10.9%
    2024$20,166 +9.3%$1,602,645 +10%
    2023$18,453 +11.5%$1,456,950 +10%

    Find assessor info on the county website

    Neighborhood: 34242

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Phillippi Shores Elementary
    • Middle: Brookside Middle
    • High: Sarasota High

    Source: The 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$1,507,100
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,507,100