316 BEACH, SARASOTA, FL, 34242 — photo 1
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316 BEACH, SARASOTA, FL, 34242

$5,499,000

8 Beds8½ Baths4,681 Sq FtBuilt 19960.13 Acres2 GaragePool

About This Property

Just steps from the shoreline, this coastal home offers deeded beach access and sweeping panoramic views of the Gulf. Completely remodeled in 2021, the property lives and performs like new construction, blending modern coastal design with durable, rental-ready finishes throughout. Thoughtfully designed across three living levels and serviced by a private elevator, the home features 8 bedrooms, 8 full baths, and 2 half baths, with expansive gathering spaces suited for both everyday living and hosting. With a proven track record as a high-performing short-term rental, the property generates approximately $400,000 to $500,000 annually, offering strong income potential alongside its lifestyle appeal. The top floor serves as the heart of the home, where the main kitchen and primary living area open directly to a Gulf-facing balcony showcasing breathtaking, unobstructed water views. This elevated vantage point creates a stunning backdrop for daily living, with the kitchen, dining space, and great room all positioned to take in the scenery. A secondary club room with wet bar provides an additional space to gather, while multiple balconies throughout the home frame the coastal setting from different vantage points, including select bedroom suites. Below, the outdoor living space features a private pool and integrated spa surrounded by lush landscaping, along with a fully equipped outdoor kitchen with built-in grill, refrigeration, and dining area. All eight bedroom suites offer ensuite baths and generous accommodations, with several enjoying Gulf views and private balcony access. Located near beach access and Siesta Key Village, this is a rare opportunity to own a fully renovated coastal home that delivers both luxury living and compelling investment performance.

Subdivision

SARASOTA BEACH

Status

Active

Listed By

KW COASTAL LIVING III

Days on Market

61

Mortgage Calculator

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Est. Monthly Payment

$34,343

30-yr fixed · 20% down · 6.875%

Principal & Interest$28,900
Property Tax (actual)$3,152
Est. Home Insurance~0.5% est.$2,291
Total / month$34,343
Loan amount$4,399,200

Estimates only — taxes and insurance are approximate. PMI rate, actual lender fees, and closing costs not included. Contact a licensed lender for a precise quote.

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MLS# c0d6e0fd2011cf6cf4c844fdac66797a

Location