Originally part of the Ringling Beach House compound and optimally situated directly across from beach access #9 on Siesta Key, this collection of residences is an opportunity to invest in a world-renowned coastline. Comprised of two large one-bedroom suites, nicknamed Mermaid and Marlin, the resort-style living delights with recently updated and furnished interiors. Each unit includes a kitchen fully equipped with everything needed to make a family dinner and separate dining, living and bedroom areas. Screened porches off both units allow for easy living whether entertaining or reading a good book. Amenities add to the already strong income-producing potential with a spacious pool area and outdoor grill. Walk across the street with provided beach towels, chairs and umbrellas to enjoy a day away from devices and underneath the warm sun. With an option to add a boat dock on the grand canal, you will have a true beach-to-bay property. A short walk to Siesta Village and an array of island cuisine, shopping and nightlife, the lot is your canvas to craft the ultimate getaway or continue a legacy of helping families connect with the beautiful natural splendor of the Gulf Coast.
Property Description: Elevated, Stilt Home
Multi-familyProperty Type
1954Year Built
4,668 sq ftLot Size
$570Price/Sq.Ft.
Listed by Daria Fairchild• MICHAEL SAUNDERS & COMPANY
Listed by Rudy Dudon• MICHAEL SAUNDERS & COMPANY
Bought with Robert T Anderson• RE/MAX ALLIANCE GROUP
Source:Stellar MLS as Distributed by MLS Grid #A4446336
Redfin Estimate
Unfortunately, we don't have enough data to generate an accurate Estimate at this time.
Originally part of the Ringling Beach House compound and optimally situated directly across from beach access #9 on Siesta Key, this collection of residences is an opportunity to invest in a world-renowned coastline. Comprised of two large one-bedroom suites, nicknamed Mermaid and Marlin, the resort-style living delights with recently updated and furnished interiors. Each unit includes a kitchen fully equipped with everything needed to make a family dinner and separate dining, living and bedroom areas. Screened porches off both units allow for easy living whether entertaining or reading a good book. Amenities add to the already strong income-producing potential with a spacious pool area and outdoor grill. Walk across the street with provided beach towels, chairs and umbrellas to enjoy a day away from devices and underneath the warm sun. With an option to add a boat dock on the grand canal, you will have a true beach-to-bay property. A short walk to Siesta Village and an array of island cuisine, shopping and nightlife, the lot is your canvas to craft the ultimate getaway or continue a legacy of helping families connect with the beautiful natural splendor of the Gulf Coast.
Property Description
Elevated, Stilt Home
Stellar MLS as Distributed by MLS Grid #A4443387
Aug 26, 2019
Listing Removed
—
Stellar MLS as Distributed by MLS Grid #A4439059
Aug 26, 2019
Listing Removed
—
Stellar MLS as Distributed by MLS Grid #A4106989
May 14, 2015
Sold
$640,000
$347/sq ft
Mar 20, 2015
Contingent
—
Mar 9, 2015
Price Changed
$695,000
$377/sq ft
Jan 27, 2015
Price Changed
$750,000
$407/sq ft
Nov 13, 2014
Relisted
—
Oct 30, 2014
Contingent
—
Oct 23, 2014
Listed
$775,000
$421/sq ft
Stellar MLS as Distributed by MLS Grid #A4106731
May 14, 2015
Sold
$640,000
$347/sq ft
Mar 20, 2015
Contingent
—
Mar 9, 2015
Price Changed
$695,000
$377/sq ft
Jan 27, 2015
Price Changed
$750,000
$407/sq ft
Nov 13, 2014
Relisted
—
Oct 30, 2014
Contingent
—
Oct 20, 2014
Listed
$775,000
$421/sq ft
Public Records
Jun 15, 2006
Sold
$735,800
$399/sq ft
Public Records
Sep 4, 2001
Sold
$320,000
$174/sq ft
Public Records
May 27, 1994
Sold
$145,000
$79/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$17,751 (−12.0%)
$1,021,600 + $406,000
$1,427,600
2024
$20,166 (+9.3%)
2023
$18,453 (+11.5%)
2022
$16,550 (+52.8%)
$1,059,200 + $265,300
$1,324,500
2021
$10,831 (+81.7%)
2015
$5,962 (+13.6%)
2014
$5,247 (+29.9%)
2012
$4,040
Tax history for 516 Canal Rd
Year
Property tax
Land + Additions
Assessment*
2025
$17,751 (−12.0%)
$1,021,600 + $406,000
$1,427,600
2024
$20,166 (+9.3%)
2023
$18,453 (+11.5%)
2022
$16,550 (+52.8%)
$1,059,200 + $265,300
$1,324,500
2021
$10,831 (+81.7%)
2015
$5,962 (+13.6%)
2014
$5,247 (+29.9%)
2012
$4,040
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
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
Dec 27, 2023 • Final
Residential roofing
Remove and replace the existing shingles with new shingles on a residential building.
Roofing
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
Interior
Bathroom Information
# of Full Baths: 3
Room Information
# of Rooms: 7
Exterior
Exterior Information
Foundation Type: Slab
Building Construction Quality: Average
Exterior Wall: Wood Siding
Roof Framing Type: Wood
Building Type: Multi Family
Pool Information
Has Pool
Property Information
Subdivision Name: SARASOTA BEACH
Living Sq. Ft: 1,842
Gross Sq. Ft: 2,540
Adjusted Gross Sq. Ft: 2,540
Ground Floor Sq. Ft: 836
# of Units: 2
# of Stories: 2
Stories Type: 2
Legal Description: A PART OF LOT 2 BLK 21 DESC AS FOLLOWS BEG AT TH MOST ELY COR LOT 2 TH S-36-04-W ALG SELY LINE OF SAID LOT 98.2 FT TH N-54-01-W 37.6 FT TH N-29-30-E 104.3 FT TO NELY LINE OF LOT 2 TH SELY ALG LOT
Lot Information
# of Buildings: 1
Land Sq. Ft: 4,668
Legal Lot Number: 2
Legal Block Number: 21
Acres: 0.1072
Zoning Code: RMF1
County Use Description: DUPLEX
Location Information
Parcel Location Influence: Island No Waterfront
Financial
Assessor Information
Assessment Year: 2025
Tax District County: SIESTA KEY SPCL LIGHT DIST
Tax Area: SIESTA KEY SPCL LIGHT DIST
Public facts
Beds: 2
Baths: 3.0
Sq. Ft.: 1,842
Stories: 2.0
Lot Size: 4,668 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1954
Year Renovated: 2009
County: Sarasota County
APN: 0082120003
Home facts updated by county records on Oct 15, 2026
Around this home
Schools
Phillippi Shores Elementary School
Public PreK-5 • Assigned • 2.1mi
9/10
Brookside Middle School
Public 6-8 • Assigned • 2.9mi
6/10
Sarasota High School
Public 9-12 • Assigned • 4.2mi
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
7 days above 107° expected this year, 30 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)
68
53
71
58
77
63
81
68
85
75
89
78
90
79
89
79
87
76
84
71
78
64
74
59
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
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