436 CANAL ROAD, #A, Siesta Key, FL, 34242 | $1,995,000

Welcome to 436 Canal Road, a beautifully appointed 3-bedroom, 3. 5-bathroom retreat with 2, 756 square feet of luxury living, just a short walk to world-famous Siesta Key Beach and the lively Siesta Key Village. This turnkey furnished home is a rare find with strong investment potential—projected to generate over $180, 000 annually in rental income(approved for STR). From the moment you enter, you'll appreciate the bright, open layout and upscale finishes throughout. The gourmet kitchen features granite countertops, stainless steel appliances, and plenty of room to entertain. The home features an elevator that provides access to all four floors, offering ease and accessibility from the garage to the rooftop terrace. On the top floor, enjoy an additional full bathroom and flexible living space that’s perfect for two guest beds—bringing the total potential sleeping capacity up to 10 guests. Unwind on your private rooftop terrace with ocean views—ideal for sunbathing, morning coffee, or an evening glass of wine as the sun sets over the Gulf. The oversized garage level was thoughtfully designed as a washout level, offering protection during last year’s storms and peace of mind for future resilience. There’s ample space for cars, golf carts, bikes, beach gear, fishing equipment, and even space to create a game room. Enjoy community amenities including a pool giving you even more ways to embrace the laid-back island lifestyle. Whether you're looking for your dream beach home or a high-performing vacation rental, This home has it all. Siesta Key living doesn’t get any better.

Features

  • Elevator: Y
  • Heating: Central
  • Cooling: Central Air
  • Levels: 4
  • Rooms: 4
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: Laundry Room
  • Complex: SIESTA VILLAS 1
  • Year Built: 2002
  • Common Charge: $2,497 Quarterly
  • Approx Sq. Feet: 2,756
  • Est. Taxes: $18,955
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Microwave, Refrigerator, Washer
  • MLS#: A4650169
  • Days on Market: 9 days
  • Website: https://www.raveis.com
    /prop/A4650169/436canalroad_siestakey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/9/2025 12:33:44 AM)
Listing courtesy of Coldwell Banker Realty   Phone: 941-349-4411

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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436 CANAL ROAD, #A, Siesta Key, FL, 34242

$1,995,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,596,000 $1,596,000 $1,596,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.000% 6.625% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.811% 6.727% 6.560%
Monthly Tax Payment $1,580 $1,580 $1,580
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,569 $10,219 $13,793
Total Monthly Payment $11,274 $11,924 $15,498

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.