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$5,985,000

538 Canal Rd Sarasota, FL 34242

8 beds
6 full, 1 partial
4,094 sqft
0.1 acres
$1,462 / sqft
House

Property details

About 538 Canal Rd

Welcome to Sea Spray, a beach and boaters paradise with a private dock across the street and just a block from the famous Siesta Key beach! This eight-bedroom and six-and-a-half-bathroom home boasts a spectacular backyard built like a private waterpark with a Private Resort Style Heated Pool featuring a Rock Water Slide, Waterfall, Grotto, Swim-up bar, Sun Shelf, and Spa. Pack your bags for the best vacation ever! Short Term Rental zoning with excellent Rental income. Highlights • Private Dock • Rooftop Deck • Beach Views • Less than a 5-minute walk to the beach • Private Pool with Waterslide and In-ground Spa • Ping Pong • Foosball table • Convenient location near dining and shopping The Outdoor space has a covered patio with lounge chairs, a dining table, a BBQ grill, a TV, and an incredible pool area! The game room is located just off the pool area with a ping pong table, a foosball table, and a refrigerator. Throw in a line and try your luck at fishing, or explore the bay by boat, kayaks, or paddleboards!

Highlights

Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size4,094 sqft
Lot size0.15 Acres
Year built2017
MLS #A4656047
Attached garage2 spaces
WaterfrontCanal
Private poolYes

Summary

  • Partial Bathrooms: 1
  • Full Bathrooms: 6
  • Appliances: Bar Fridge, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Cooler
  • Flooring Type: Tile
  • Interior: Ceiling Fans(s), Elevator, Kitchen/Family Room Combo, Solid Wood Cabinets, Stone Counters, Thermostat, Walk-In Closet(s), Wet Bar
  • Total Bedroom Count: 8
  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Private Pool: Yes
  • Waterfront: Canal
  • Exterior: Balcony, Outdoor Grill, Outdoor Shower, Sliding Doors
  • Heating: Central
  • Cooling: Central Air
  • List Price: $5,985,000
  • Price/SqFt: $1,461
  • HOA Amount: $0
  • Annual Tax Amount: $26,704
  • Tax Year: 2023
  • Directions: Ocean Blvd to Canal Rd turn left home on the left.
  • Year Built: 2017
  • Stories: 4
  • Living Area: 4,094 SqFt
  • Lot Size: 0.15 Acres
  • MLS Number: A4656047
  • MLS Name: MFRMLS
  • Office Name: COLDWELL BANKER REALTY
  • Office Phone: (941) 349-4411
  • Listing Agent: Constantine Stratos

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DMCA Notice

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: 7/9/2025, 11:34:40 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

DateEventPrice
Jun 21, 2016
Home Sold
$807,500
Dec 16, 2015
Home Sold
$405,000
Jul 15, 2009
Home Sold
$400,000
Jan 12, 1999
Home Sold
$265,000

Tax history

YearAssessmentProperty Tax
2023$2,686,300$26,704
2022$2,193,300$22,984
2021$1,401,500$22,984
2020$1,271,100$17,738
2019$1,239,028$16,143
2018$1,126,389$15,409
2017$547,400$6,963

History based on county public records data.

Nearby schools

8

Phillippi Shores Elementary School

Public Magnet PK-5

2.1 mi

4747 S Tamiami Trl

10

Southside Elementary School

Public District PK-5

3.1 mi

1901 Webber St

7

Gulf Gate Elementary School

Public District PK-5

3.1 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. The majority of Sarasota, FL residents have income between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

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 538 Canal Rd

The listing price of 538 Canal Rd property is $5,985,000.

The property 538 Canal Rd is a house located in Sarasota, Florida, 34242.

Active Listing: 538 Canal Rd is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 538 Canal Rd are: Phillippi Shores Elementary School (GreatSchools Rating 8/10), Southside Elementary School (GreatSchools Rating 10/10), Gulf Gate Elementary School (GreatSchools Rating 7/10), Brookside Middle School (GreatSchools Rating 6/10), Suncoast School for Innovative Studies (GreatSchools Rating 5/10), Imagine School at Palmer Ranch (GreatSchools Rating 5/10), Sarasota Virtual Instruction Program (GreatSchools Rating 6/10), Riverview High School (GreatSchools Rating 6/10), Suncoast Polytechnical High School (GreatSchools Rating 9/10).

According to the records, the last property tax for 2023 is $26,704 (source: MLS/based on county public records data).

The last sale was on June 21, 2016 for $807,500 (source: MLS/tax record).

The property at 538 Canal Rd has 8 bedrooms and 6 full and 1 half bathrooms.

The property 538 Canal Rd is 4,094 SqFt (source: MLS/tax record).

The year of construction for 538 Canal Rd is 2017.

This home is located at 538 Canal Rd in Sarasota, FL and zip code 34242 in the Siesta Key neighborhood. This 4,094 square foot home, which was built in 2017, sits on a 0.15 acre lot. Features: 8 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since June 16, 2025 and is currently priced at $5,985,000.

In June 2025 more than 23 listings in Sarasota, FL were sold above the asking price. During the same period more than 51 listings were sold at asking price, while more than 364 were sold below. The number of homes for sale in Sarasota, FL decreased by 2% between May and June 2025. In June 2025, listings were on the market for 72 days. During the same period, the median list price in this real estate market was $495,118.

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

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