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$2,200,000
$689/sqft2% reduced
HOA: NoneTaxes: $24,862/yr90d on market

Siesta

3508 LA PALOMA AVE, SARASOTA, FL, 34242

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5 Beds|3 Baths|3,195 Sq Ft|Built 2004|3 Car Garage
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💡 Price recently reduced — this could be a great opportunity to negotiate.

C2C

Coast 2 Coast Home Realty

Licensed Florida Realtors

4.9· 214 reviews

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Buyer Insights

Here's what we know about this listing.

Why this home stands out

  • Price reduced 2% ($50,000 off original)
  • 90+ days on market — seller may be motivated
  • Updated today

Buyer Insights are informational only — always verify with your agent.

Price Reduced! Spacious island living, strong weekly rental income, and a prime north Siesta Key location come together in this beautifully maintained 5-bedroom, 3-bath furnished home just steps from beach access No. 1 at Shell Road on Big Pass. Built above base flood elevation of 11 feet, this property offers a valuable advantage on Siesta Key, along with the comfort, privacy, and usability today’s buyers are looking for. Fully gated and walled, the home sits on a generous lot surrounded by lush tropical landscaping, with an oversized 3-car garage and large paver driveway providing ample space for vehicles, beach gear, and a golf cart. Inside, the home offers large, open living spaces ideal for gathering and entertaining, featuring 12-foot ceilings, crown molding, arched openings, travertine flooring, and a spacious living room with gas fireplace. The kitchen includes stainless steel appliances, oak cabinetry, a breakfast nook overlooking the backyard oasis, and easy flow to the separate dining area and main living spaces. French doors open to a large terrace overlooking the tropical backyard, while an additional side terrace offers a private place to relax. The main-floor primary suite is a standout, offering direct terrace access, an oversized bedroom, two walk-in closets, and a luxurious en-suite bath with dual vanities, soaking tub, walk-in shower, and floor-to-ceiling travertine. Two additional bedrooms and a full bath are also located on the first floor, creating a functional and flexible layout. Upstairs, two generous guest bedrooms, a full bath, and a wet bar with beverage fridge provide an ideal retreat for visitors, with one bedroom opening to a private terrace overlooking the backyard. Designed for indoor-outdoor island living, the backyard is a true tropical oasis with mature landscaping, a heated saltwater pool with fountain, paver deck, large turf area, outdoor shower, and an exceptional tiki hut bar and outdoor kitchen complete with a built-in gas grill, two bar fridges, and porcelain countertops. An additional fenced side yard offers extra space for pets or outdoor enjoyment. Offered turn-key furnished, with a five-bedroom layout, generous lot size, multiple terraces, abundant storage, central vacuum, and expected 2026 rental income of $190,000. This home is an outstanding opportunity for those seeking a private Siesta Key retreat, income-producing investment, or both. Ideally located near world-renowned Siesta Key Beach and just a short drive to downtown Sarasota’s restaurants, shopping, and cultural attractions, this property offers the best of island living with convenience, comfort, and flexibility.

Subdivision
SIESTA REV OF
County
Sarasota
Zip Code
34242
Community
Siesta Rev

School Report Card

Source: FL Dept. of Education

ABCDF
Elementary
Middle
High
Type
Single Family Residence
Living Area
3,195 sqft
Construction
Block, Stucco
Roof
Tile
Flooring
Luxury Vinyl, Travertine
Pool
Yes
HOA
None
  • Ceiling Fans(s)
  • Central Vaccum
  • Coffered Ceiling(s)
  • Crown Molding
  • Eat-in Kitchen
  • High Ceilings
  • Open Floorplan
  • Primary Bedroom Main Floor
  • Solid Wood Cabinets
  • Split Bedroom
  • Stone Counters
  • Thermostat
  • Tray Ceiling(s)
  • Walk-in Closet(s)
  • Wet Bar
  • Window Treatments
  • Balcony
  • French Doors
  • Hurricane Shutters
  • Lighting
  • Outdoor Grill
  • Outdoor Kitchen
  • Outdoor Shower
  • Private Yard
  • Rain Gutters
  • Bar Fridge
  • Built-in Oven
  • Cooktop
  • Dishwasher
  • Disposal
  • Dryer
  • Electric Water Heater
  • Exhaust Fan
  • Microwave
  • Range Hood
  • Refrigerator
  • Washer
  • Inside
  • Laundry Room
  • Covered
  • Rear Porch
  • Corner Lot
  • City Limits
  • Paved
  • Bb/hs Internet Available
  • Cable Available
  • Electricity Connected
  • Natural Gas Connected
  • Public
  • Cabana
Bedrooms
5
Bathrooms
3
Year Built
2004
Construction
Block, Stucco
Flooring
Luxury Vinyl, Travertine
Roof
Tile
Garage Spaces
3
Cooling
Central Air, Humidity Control
Heating
Central
Waterfront
No
Pet Restrictions
Lot Size
0.35 acres
Senior Community
No
Building Elevator
No
Pet Size
# of Pets
Max Pet Weight
Tax Year
2025
Annual Tax Amount
$24,862
No HOA fees on this listing.
Down Payment20% — $440,000
Interest Rate6.50%
Loan Term
Est. Mortgage
$11,124
HOA Fee
$0
Est. Property Tax
$2,072
Est. Insurance
$733
Total Est. Monthly Cost$13,930

* Estimates are for illustration purposes only and do not constitute an offer of financial advice. Actual rates, payments, insurance, and taxes will vary based on credit, location, and other factors. Contact a licensed mortgage professional for a personalized quote. Homeowners insurance estimate based on Florida averages.

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