$10,000

closing credit¹

506 Treasure Boat Way Sarasota, FL 34242

$1,995,000
3 beds
3 full
1,930 sqft
0.4 acres
$1,034 / sqft
House

Property details

About 506 Treasure Boat Way

REMEDIATED AND READY FOR REMODEL OR REBUILD. Embrace the ultimate tropical retreat on Siesta Key, where every day feels like a vacation. This coveted canal-front property on Treasure Boat Way, one of the island’s most desirable streets, offers a rare opportunity to create your dream home. Customize the interior or completely rebuild, this property is selling at land value. Designed by the iconic Ruth Richmond, the layout is centered around the pool and patio, providing endless possibilities for entertaining or crafting your private oasis. With a new seawall cap and quick access to the Gulf of Mexico from your private dock, this home is perfect for enjoying the best of Siesta Key’s waterfront lifestyle. Take a short stroll to the lively Siesta Key Village, where you’ll find vibrant dining, boutique shopping, live music, and nightlife—all just steps from Siesta Key, the #1 Beach in the USA. Spend your days paddleboarding through peaceful canals, jetskiing across turquoise waters, or heading out by boat to bask on sandbars, explore hidden islands, or fish in the world-renowned Gulf of Mexico. This professionally remediated, estate-sized .36-acre property with coveted southern exposure is ready for your vision. Don’t miss this rare chance to own a slice of paradise on Siesta Key—schedule your private showing today!

Highlights

Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size1,930 sqft
Lot size0.36 Acres
Year built1971
ParkingCircular Driveway, Driveway, Garage Door Opener
MLS #A4630279
Attached garage2 spaces
WaterfrontCanal
Private poolYes

Virtual tour

Summary

  • MLS Number: A4630279
  • MLS Name: MFRMLS
  • Office Name: KELLER WILLIAMS ON THE WATER S
  • Office Phone: (941) 803-7522
  • Listing Agent: Arthur Grebenuk

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IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 10:49:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$1,995,000

506 Treasure Boat Way

$10,000

closing credit¹

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Price information

Property sales

DateEventPrice
Jan 28, 2022
Home Sold
$1,600,000
Jul 31, 2007
Home Sold
$600,000

Tax history

YearAssessmentProperty Tax
2023$1,499,500$18,039
2022$1,252,100$12,669
2021$754,100$12,669
2020$636,500$9,487
2019$639,700$8,483
2018$688,078$9,209
2017$682,700$8,849

History based on county public records data.

Nearby schools

8

Phillippi Shores Elementary School

Public Magnet PK-5

2.0 mi

4747 S Tamiami Trl

10

Southside Elementary School

Public District PK-5

2.6 mi

1901 Webber St

6

Gulf Gate Elementary School

Public District PK-5

3.4 mi

6500 S Lockwood Ridge Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $82,537. Residents of Sarasota, FL typically earn between $35k-100k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

16%
<35k
41%
35k-100k
25%
100k-200k
18%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

44%
Single, No Kids
4%
Single, with Kids
39%
Married, No Kids
13%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

7%
<11 yrs old
5%
12-17 yrs old
11%
18-34 yrs old
54%
35-64 yrs old
23%
65+ yrs old

What do the neighbors do for fun?

  • Men's TennisMen's Tennis
  • Hiking/backpackingHiking/backpacking
  • PGA/LPGAPGA/LPGA

Where do the neighbors shop?

  • BloomingdalesBloomingdales
  • Nordstrom RackNordstrom Rack
  • Chico'sChico's

Where do the neighbors go to eat?

  • Bonefish GrillBonefish Grill
  • ChipotleChipotle
  • California Pizza KitchenCalifornia Pizza Kitchen

What do the neighbors drive?

  • LexusLexus
  • MazdaMazda
  • CadillacCadillac

What do the neighbors listen to?

  • NewsNews
  • RockRock
  • ClassicalClassical
All data provided by Home Junction and Claritas

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Frequently asked questions

About 506 Treasure Boat Way

This home is located at 506 Treasure Boat Way in Sarasota, FL and zip code 34242 in the Siesta Key neighborhood. This 1,930 square foot home, which was built in 1971, sits on a 0.36 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 23, 2024 and is currently priced at $1,995,000.

Sarasota, FL housing market in January 2025 saw over 18 listings sold above listed price, more than 55 sold at listed price and over 283 sold below. The inventory of homes for sale in Sarasota, FL between December and January 2025 increased by 16.8%. While the average time on the market in January 2025 was 66 days, the median list price was $510,794.

From Rocket Homes Real Estate and based on county public records data.

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