5418 Siesta Cove DRIVE, Siesta Key, FL, 34242 | $5,200,000

Experience the pinnacle of luxurious waterfront living, where your dreams of boating, entertaining, and relaxation converge in unparalleled splendor. This exquisite elevated custom-built estate on Siesta Key redefines elegance, had NO flood damage, offering sweeping, private vistas of the vibrant intracoastal waterway and showcasing masterful design at every turn.

Spanning two levels of opulent living space, this five-bedroom residence is thoughtfully equipped with an elevator for seamless convenience. Every corner is a testament to refined craftsmanship and attention to detail, featuring wide plank porcelain tile, 8-foot PGT insulated impact doors, a striking electric fireplace, and immersive surround sound that sets the mood for every occasion.

The main level invites effortless entertaining with its expansive living area, complete with a sophisticated wet bar featuring a wine cooler, ice maker, and direct access to the lanai. A spacious den provides a versatile retreat for work or leisure. Upstairs, the family room opens to an oversized balcony, presenting mesmerizing sunrises and panoramic views of the downtown Sarasota skyline.

Culinary enthusiasts will delight in the gourmet kitchen, a chef’s paradise outfitted with state-of-the-art Dacor appliances, double ovens, and sleek quartz waterfall countertops. For alfresco dining, the outdoor kitchen becomes the ultimate stage for creating memorable meals under the stars.

The outdoor living space rivals the finest resorts, with a sparkling pool and spa surrounded by a travertine lanai and deck. Beyond, a newly constructed dock and boat lift await, ensuring your vessel is always ready for adventures on the water.

At day’s end, retreat to the indulgent master suite, a haven of tranquility featuring a spa-like en-suite bath that evokes the ambiance of a five-star resort. Car enthusiasts will appreciate the oversized three-car garage, designed with ample height to accommodate car lifts, perfect for housing your prized collection.

Nestled within one of Siesta Key’s most prestigious communities, this home offers peace of mind with a newly installed generator and the ultimate convenience of proximity to the beach, dining, and shopping—just moments away.

This is not just a home; it’s a lifestyle of unparalleled luxury and elegance, designed for those who desire only the best. Welcome to your paradise.

Features

  • Rooms: 11
  • Bedrooms: 5
  • Baths: 5 full / 1 half
  • Laundry: Inside, Laundry Room
  • Style: Custom
  • Year Built: 2020
  • Garage: 3-car Driveway, Garage Door Opener, Ground Level, Oversized
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 4,230
  • Acreage: 0.25
  • Est. Taxes: $49,780
  • HOA Fee: $484 Annually
  • Lot Desc: Flood Insurance Required
  • View: Pool, Water
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pool: Gunite, Heated, Salt Water
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Cooktop, Disposal, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator
  • MLS#: A4633904
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /eprop/A4633904/5418siestacovedrive_siestakey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 1/8/2025 3:17:07 PM)
Listing courtesy of Compass Florida LLC   Phone: 305-851-2820

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Customer Service

888.699.8876

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Yokadi MejiaInsurance Sales Director, William Raveis Insurance

561.335.7966

Yokadi.Mejia@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

5418 Siesta Cove DRIVE, Siesta Key, FL, 34242

$5,200,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $4,160,000 $4,160,000 $4,160,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.625% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.274% 6.723% 6.932%
Monthly Tax Payment $4,148 $4,148 $4,148
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $27,677 $26,637 $36,812
Total Monthly Payment $31,950 $30,910 $41,085

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.