Point Of Rocks Terrace

It's a quiet coastal neighborhood on Siesta Key with large homes and easy access to the Gulf beaches. Buyers are drawn by the school zoning — Phillippi Shores Elementary, Brookside Middle, and Sarasota High — and the short drive to downtown Sarasota. It suits someone who wants space and proximity to the water over a dense, walkable grid.

Yes — it's a high-end stretch of Siesta Key. The single active listing is priced at $8,000,000 and the average price works out to about $1,601 per square foot, though the four homes sold in the past year closed at a more grounded median of $1,637,500.

Right now there's one home on the market asking $8,000,000 on roughly 4,997 square feet. Recent closings tell a different story, with a median sold price of $1,637,500 over the last 12 months, so actual trade values here run well below the current list. For a broader set of price points, it's worth looking across Sarasota too.

It's thin and slow-moving, with only one active listing and four sales in the past year. Homes that do sell take time — the median days on market is around 356 — and sellers are netting about 95% of their asking price. Expect limited choice and room to negotiate when the right property appears.

There's no reported HOA fee for the neighborhood, which is unusual for a coastal community and keeps carrying costs simpler. Property taxes run around $10,665 per year at the median, and rentals here command about $8,400 per month, reflecting the size and location of these homes.