Off Market Apr 2020 for $1.8M

$2,511,946

Est. refi paymentEst. refi $9,292/mo

•

3,908

sq ft

378 Canal Rd, Sarasota, FL 34242

About this home

SIESTA KEY - INCOME PRODUCING - 14,159 SF OF LAND - TWO BUILDABLE LOTS - CLOSE TO SIESTA BEACH / SIESTA VILLAGE: If your dream has been to operate income producing property on "Siesta Key" take some time to review this RARE property listing. Situated very close to both "Siesta Key Beach" and "Siesta Key Village", this 4 unit rental property yields and estimated $200K +/- annually. The property has many amenities including but not limited to a beautiful pool / pool area and a separate office space for manager / housekeeping / other. Parking for all units is right on site. The property boasts many returning guests and already has a very well run property management system in place. As they say; "a picture says a thousand words", enjoy scrolling through our property photos and watching our virtual tour as part of this listing. We are ready for your showing requests and subsequent visits.

Property Description: Corner Unit, Studio/Efficiency, End Unit, Mid Rise, Penthouse, Walk-Up

Multi-familyProperty Type

1948Year Built

0.33 acresLot Size

$643Est. Price/Sq.Ft.

10 spacesParking

Listed by Robert T Anderson • RE/MAX ALLIANCE GROUP

Listed by Kelly Anderson • RE/MAX ALLIANCE GROUP

Bought with Kim Maylee • COLDWELL BANKER REALTY

Redfin checked: a minute ago

•Source:Stellar MLS as Distributed by MLS Grid #A4451415

Redfin Estimate

$2,511,946

$627K since sold in April 2020$78K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 78.4% higher than the average sale price ($1.41M) of 6 comparable homes.

SOLD JUL 8, 2026
$1,200,000
A
4 beds4 baths2,173 sq ft
604 Avenida DE Mayo, Sarasota, FL 34242
SOLD JUL 27, 2026
$750,000
B
3 beds2.5 baths2,661 sq ft
6454 Beechwood Ave, Sarasota, FL 34231
SOLD MAR 27, 2026
$2,500,000
C
4 beds4.5 baths3,764 sq ft
4712 Higel Ave, Sarasota, FL 34242
SOLD AUG 24, 2026
$1,200,000
D
4 beds3.5 baths2,763 sq ft
7425 Midnight Pass Rd, Sarasota, FL 34242
SOLD AUG 12, 2026
$2,175,000
E
4 beds4 baths3,612 sq ft
1725 Baywood Dr, Sarasota, FL 34231
SOLD MAR 18, 2026
$624,900
F
3 beds2 baths2,183 sq ft
6422 Beechwood Ave, Sarasota, FL 34231

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Earn from this home

Sell

$1,051,676

Est. take-home

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Est. cash available

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Market trends in 34242, FL

Last updated August 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

93.6%

+0.3% MoM

Median sale price

$936K

$3K MoM

Avg. days on market

105d

30 days MoM

Recently sold homes

140

1 MoM

New listings for sale

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6480 Midnight Pass Rd #612, Sarasota, FL 34242
$1,250,000
3 beds2 baths1,828 sq ft
5541 Cape Aqua Dr, Sarasota, FL 34242
3D & VIDEO TOUR
$3,995,000
4 beds3 baths2,385 sq ft
1035 Seaside Dr #502, Sarasota, FL 34242
EARLY ACCESS
$4,390,000
5 beds5 baths4,132 sq ft
4950 Commonwealth Dr, Sarasota, FL 34242
$670,000
2 beds2 baths1,083 sq ft
1130 W Peppertree Ln #118, Sarasota, FL 34242
3D WALKTHROUGH
$625,000
2 beds2 baths1,460 sq ft
1200 E Peppertree Ln #505, Sarasota, FL 34242
3D WALKTHROUGH
$700,000
2 beds2 baths1,550 sq ft
6265 Midnight Pass Rd #102, Sarasota, FL 34242
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2 beds1 bath690 sq ft
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See all

Provided by Redfin

Sale history for 378 Canal Rd

Date

Event

Price

Stellar MLS as Distributed by MLS Grid #A4451415

Apr 8, 2020

Sold

$1,885,000

$482/sq ft

Mar 2, 2020

Pending

—

Feb 21, 2020

Price Changed

$1,999,000

$512/sq ft

Jan 12, 2020

Price Changed

$2,200,000

$563/sq ft

Dec 14, 2019

Price Changed

$2,099,000

$537/sq ft

Dec 2, 2019

Price Changed

$2,149,000

$550/sq ft

Nov 11, 2019

Listed

$2,199,000

$563/sq ft

Stellar MLS as Distributed by MLS Grid #A4411005

Dec 13, 2018

Listing Removed

—

Aug 22, 2018

Listed

Stellar MLS as Distributed by MLS Grid #A3997411

Nov 25, 2014

Sold

$1,250,000

$320/sq ft

Sep 26, 2014

Pending

—

Jun 14, 2014

Relisted

—

Jun 10, 2014

Listing Removed

—

May 1, 2014

Price Changed

$1,549,000

$396/sq ft

May 1, 2014

Listed

$1,699,000

$435/sq ft

A phenomenal rental property consisting of 4 units across 2 lots. There is one 2 bedroom / 2 bathroom with full kitchen, one 1 bedroom / 1 bathroom with a kitchenette, one efficiency unit with a kitchenette, and one 3 bedroom with full kitchen / kitchenette. All units have access to a pool located on the property. Turnkey furnished. Property also has deeded canal access across the street with a dock currently constructed for guests. Rental income is $160,000+ Annually. Property also has opportunity to be razed, with 2 Single Family Homes permitted to be constructed on the two separate lots. Many opportunities here for a buyer who wants strong cash flow, or looking to build new on Siesta Key. Unbeatable proximity to village & beach with deeded canal access, beneficial for both the current use of property, and potential builder.

Stellar MLS as Distributed by MLS Grid #A3997388

Nov 25, 2014

Sold

$1,250,000

$320/sq ft

Sep 26, 2014

Pending

—

Jun 14, 2014

Relisted

—

Jun 10, 2014

Listing Removed

—

May 1, 2014

Price Changed

$1,549,000

$396/sq ft

May 1, 2014

Listed

$1,699,000

$435/sq ft

Stellar MLS as Distributed by MLS Grid #A3938216

Jan 30, 2012

Listing Removed

—

Jan 21, 2011

Listed

Stellar MLS as Distributed by MLS Grid #A384847

Jun 2, 2008

Listed

Public Records

Dec 28, 2007

Sold

$476,000

$122/sq ft

Public Records

Oct 31, 2005

Sold

$1,385,000

$354/sq ft

Stellar MLS as Distributed by MLS Grid #A234420

Feb 19, 2003

Listed

Public Records

Aug 11, 1993

Sold

$209,000

$53/sq ft

Public Records

Jun 3, 1993

Sold

$307,000

$79/sq ft

Public Records

Oct 30, 1992

Sold

$235,000

$60/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$25,181 (−21.5%)

$1,335,500 + $664,500

$2,000,000

2024

$32,069 (+1.9%)

2023

$31,478 (+11.3%)

2022

$28,275 (+28.7%)

2021

$21,968 (+19.5%)

$1,040,200 + $628,800

$1,669,000

2020

$18,388 (+21.5%)

2019

$15,136 (+1.5%)

2018

$14,909 (+16.8%)

2017

$12,767 (−6.7%)

$564,700 + $338,400

$903,100

2016

$13,685 (−3.8%)

$614,800 + $359,500

$974,300

2015

$14,224 (+14.9%)

2014

$12,379 (+8.1%)

2013

$11,452 (+13.6%)

2012

$10,079

Tax history for 378 Canal Rd

Year

Property tax

Land + Additions

Assessment*

2025

$25,181 (−21.5%)

$1,335,500 + $664,500

$2,000,000

2024

$32,069 (+1.9%)

2023

$31,478 (+11.3%)

2022

$28,275 (+28.7%)

2021

$21,968 (+19.5%)

$1,040,200 + $628,800

$1,669,000

2020

$18,388 (+21.5%)

2019

$15,136 (+1.5%)

2018

$14,909 (+16.8%)

2017

$12,767 (−6.7%)

$564,700 + $338,400

$903,100

2016

$13,685 (−3.8%)

$614,800 + $359,500

$974,300

2015

$14,224 (+14.9%)

2014

$12,379 (+8.1%)

2013

$11,452 (+13.6%)

2012

$10,079

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

14,159

Year renovated

2025

Sq. Ft.

3,908

Year built

1948

Style

Multi-Family (2-4 Unit)

County

Sarasota County

APN

0082050061

Parking Spaces

Basement

Accessible

Yes

HOA Dues

—

Garage

Features

Views, Pool

Last updated by owner on Dec 29, 2025.

RMF-1

SKOD

Multi-Family District

The RMF Districts permit multifamily residential densities, which may take the form of a variety of housing types, including single-family detached, lot line, traditional, patio, villa, atrium, duplex, townhouse, multiplex, or apartment units. These districts are used in areas having convenient access to both collector and arterial streets, and nearby civic and commercial uses, as well as employment opportunities; The RMF Districts are generally used to implement the Comprehensive Plan within those areas shown as Medium Density Residential, High Density Residential, Office Multifamily Residential Areas and Corridors, and Town and Village Centers on the Future Land Use Map, on the Barrier Islands where the application of the district would not increase the density of development or hamper hurricane evacuation planning and disaster mitigation efforts, and Developments of Regional Impact. The RMF Districts, while not a primary implementing district, may also be allowed in Regional, Community, Village I, Village II, and Neighborhood Commercial Centers. Appropriate densities within the Medium Density and High Density Residential areas shall be guided by the density ranges as outlined in Future Land Use Policy 1.1.1, Objective 2.3, and Policy 2.3.1 of the Comprehensive Plan. These densities shall also be determined, in part, by the land use designations and developed residential areas surrounding the parcel.

Zone overlays

Siesta Key Overlay District

Permitted uses

Include but are not limited to:

Community / recreation center
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Infrastructure
Wastewater treatment
Park & open space

Jul 15, 2025 • Final

Residential alteration

Replace three exterior doors on the property.

Remodel

Nov 20, 2024 • Active

Residential alteration

Replace exterior doors and windows. Install multiple water heaters, including a low boy unit and an expansion tank. Inspect the lift station pump, install a water heater flush system, and install a tankless water heater with new circuit breakers.

Electrical

Plumbing

Remodel

Water heater

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Parking

Parking Information
Parking Features: Assigned, Golf Cart Parking, Guest, Other, Oversized, Parking Pad

Interior

Virtual Tour

Laundry Room Information
Laundry Features: Laundry Room, Other, Outside

Other Rooms Information
Additional Rooms: Breakfast Room Separate,Den/Library/Office,Family Room,Florida Room,Great Room,Interior In-Law Suite,Storage Rooms

Fireplace Information
Has Fireplace
Fireplace Features: Decorative

Heating & Cooling
Heating Information: Central, Other, Wall Units / Window Unit
Cooling Information: Central Air, Wall/Window Unit(s)

Interior Features
Interior Features: Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Other, Solid Surface Counters, Window Treatments
Appliances: Cooktop, Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Other, Range, Refrigerator, Washer
Flooring: Ceramic Tile, Other

Multi-Family Financial Information
Gross Income: $200,000
Est Annual Market Income: 200000.00
Annual Net Income: 140000.00
Annual Expenses: 60000
Total Monthly Expenses: 5000

Multi-Unit Information
Unit Number YN: 0
# of Units (Total): 4
# of Units: 4
Furnished: Negotiable

Unit Type 1 Information
Unit Type: Efficiency
# of Units: 1

Unit Type 2 Information
# of Units: 1

Unit Type 3 Information
# of Units: 1

Unit Type 4 Information
# of Units: 1

Exterior

Building Information
Construction Materials: Other, Siding, Wood Frame
Roof: Built-Up, Membrane, Other, Shingle

Exterior Features
Patio And Porch Features: Covered, Deck, Front Porch, Other, Rear Porch, Screened, Side Porch
Exterior Features: Balcony, French Doors, Irrigation System, Lighting, Other, Outdoor Grill, Outdoor Shower, Rain Barrel/Cistern(s), Sidewalk, Sliding Doors, Storage

Pool Information
Pool Dimensions: 20x30
Has Private Pool
Pool Features: Gunite, Heated, In Ground, Lighting, Other

Waterfront Information
Water Body Name: GRAND CANAL / GULF OF MEXICO
Waterfront Feet Total: 0
Water View Y/N: 1
Water View Description: Gulf/Ocean - Partial
Water Access Y/N: 1
Water Access Description: Bay/Harbor,Beach - Public,Canal - Saltwater,Gulf/Ocean,Gulf/Ocean to Bay,Intracoastal Waterway
Water Extras Y/N: 1
Water Extras Description: Bridges - Fixed,Dock - Slip Deeded Off-Site,Fishing Pier,No Wake Zone,Riprap

Property Information
Total Num Buildings: 1
CDD Y/N: 0
Homestead Y/N: 0
Property Type: Residential Income
Property Sub Type: Duplex
Property Condition: Completed
Attached Property
Other Structures: Guest House, Other, Outdoor Kitchen, Shed(s), Storage
Zoning: RMF1

Land Information
Future Land Use: RMF-1
Total Acreage: 1/4 Acre to 21779 Sq. Ft.

Lot Information
Number Of Lots: 1
Lot Features: CoastalConstruction Control Line, Corner Lot, Drainage Canal, Flood Insurance Required, FloodZone, In County, Irregular Lot, Level, Near Marina, Oversized Lot, Sidewalk, Paved
Lot Size Acres: 0.32
Lot Size Dimensions: 152 x 60 x 186 x 60
Lot Size Square Meters: 1315
Planned Unit Development YN: 0
Other Exemptions YN: 0

Building Information
MFR_BuildingAreaTotalSrchSqM: 455.13
MFR_BuildingNameNumber: #378

Financial

Tax Information
Tax Annual Amount: $14,909.25
Tax Year: 2018

Lease / Rent Details
Terms Of Lease: Other,Pass Throughs
Lease Restrictions YN: 0
Tenant Pays: Association Fees, Parking Fee

Utilities

Utility Information
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Fiber Optics, Fire Hydrant, Natural Gas Available, Other, Phone Available, Sewer Connected, Street Lights, Underground Utilities
Additional Water Information: Property has a boat dock on the Grand Canal for visitor use.

Location

HOA Information
Association Name: ON FILE
Association Fee Requirement: None
Association Approval Required Y/N: 0
Monthly HOA Amount: 0.00
Association Amenities: Dock, Laundry, Other, Pool, Storage
Association Fee Frequency: Annually

School Information
Elementary School: Phillippi Shores Elementary
Middle Or Junior High School: Brookside Middle
High School: Sarasota High

Location Information
Directions: Siesta Key ~ Canal Road ~ #378 ~ No Sign

Community Information
Community Features: Fishing, Fitness Center, Golf Carts OK, Playground, Pool, Sidewalks, Water Access, Wheelchair Access
Pets Allowed: Yes
Max Pet Weight: 110

Public facts

Beds: 7
Baths: 7.0
Sq. Ft.: 3,908
Stories: 2.0
Parking Spaces: 10
Basement: No
Accessible: Yes
Lot Size: 0.33 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1948
Year Renovated: 2025
County: Sarasota County
APN: 0082050061
HOA Dues: —
Garage: No
Features: Views, Pool

Home facts updated by owner on Dec 29, 2025

Other

Miscellaneous Information
Third Party YN: 1

Listing Information
Previous Status: Pending
Backups Requested YN: 1

Listing Date Information
Days to Contract: 111
Status Contractual Search Date: 2020-04-08

Listing Price Information
Calculated List Price By Calculated Sq Ft: 511.51

Green Information
Green Verification Count: 0

Home Information
Living Area: 3908
Living Area Units: Square Feet
Living Area Source: Public Records
Living Area Meters: 363.06
Building Area Total: 4899
Building Area Units: Square Feet
Building Area Source: Public Records
Foundation Details: Slab
Levels: Two
Security Features: Smoke Detector(s)

Around this home

Schools

Phillippi Shores Elementary School

Public PreK-5 • Assigned • 2.2mi

9/10

Brookside Middle School

Public 6-8 • Assigned • 2.9mi

6/10

Sarasota High School

Public 9-12 • Assigned • 4.1mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

10/10 Flood Factor

Estimated 80%+ chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

10/10 Heat Factor

8 days above 107° expected this year, 32 days in 30 years

10/10 Wind Factor

99% chance of strong winds in next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Sarasota, FL • 34242

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.2 hours in June and 6.4 hours in December, placing it above the U.S. average for solar exposure.

9.2 hrs

6.4 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$2.39M – $2.89M

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1035 Seaside Dr #502, Sarasota, FL 34242

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4950 Commonwealth Dr, Sarasota, FL 34242

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Home values near 378 Canal Rd

Data from public records.

Address	Redfin Estimate
368 Canal Rd, Sarasota, FL 4 Beds \| 4 Baths \| 2813 Sq. Ft.	$1,342,486
308 Calle Miramar Apt 308S, Sarasota, FL 4 Beds \| 3.5 Baths \| 3236 Sq. Ft.	$2,522,341

Address	Redfin Estimate
364 Canal Rd, Sarasota, FL 6 Beds \| 4 Baths \| 3012 Sq. Ft.	$2,092,675
312 Calle Miramar Apt 312S, Sarasota, FL 4 Beds \| 3.5 Baths \| 3236 Sq. Ft.	$3,035,661

Address	Redfin Estimate
312 Calle Miramar, Siesta Key, FL - Beds \| - Baths \| - Sq. Ft.	$2,471,724
308 Calle Miramar Apt 308S, Sarasota, FL 2 Beds \| 2 Baths \| 1520 Sq. Ft.	$1,254,515

Property information provided by Stellar MLS as Distributed by MLS Grid when last listed in 2019. This data may not show owner updates. Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 34242, FL

Sale history for 378 Canal Rd

Tax history for 378 Canal Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 34242

Home values near 378 Canal Rd

More real estate resources