116 GARDEN LANE, SARASOTA, FL, 34242
Active3 days on marketListed Oct 7, 2026MLS #G5118672
About this home
116 GARDEN LANE
Experience luxury coastal living in this bespoke, move-in-ready residence built in 2017 by award-winning custom builder MGB. Perfectly situated on prestigious North Siesta Key, this home pairs sophisticated architecture with lock-and-leave convenience. With partial water views and deeded beach access just steps away, this is an opportunity to embrace the ultimate Florida dream. Crafted for low-maintenance luxury, the residence features solid concrete construction, a standing-seam metal roof, impact glass throughout, and spray foam insulation—yielding minimal upkeep, low utility costs, and no HOA restrictions. An elevator provides effortless access across all four levels. The ground floor welcomes you with an oversized single-car garage, an entry foyer, and a versatile storage room that opens directly to a private, sunlit patio for intimate outdoor entertaining. The second level serves as a guest sanctuary complete with three bedrooms, two designer full baths, and a dedicated secondary lounge. On the third floor, the core gathering space centers around a chef-inspired gourmet kitchen equipped with custom cabinetry, premium quartz countertops, stainless steel appliances, and a grand center island. Adjacent luminous living and dining areas flow seamlessly to a covered patio with water views. The top floor serves as an exclusive primary suite—featuring a dedicated executive home office space and a secluded balcony overlooking the water. Complete with natural gas, tankless water heating, and high-end eco-conscious finishes throughout, this exceptional residence presents a turnkey opportunity for luxurious personal living or a high-yielding luxury rental investment.
Facts & features
The home at a glance
4
Bedrooms
3.5
Bathrooms
2,971
Sqft
0.1 ac
Lot size
2017
Year built
Three Or More
Levels
$671
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$13,271 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$13,271/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+5.5%
$/sqft vs Sarasota actives
$671 vs $393
Days on market
3 vs 85 typical
Where $671/sqft sits among the 400 Sarasota actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Bay Island
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Sarasota. See the full Sarasota guide →
Bay Island — neighborhood snapshot
Population
531
Median age
61
Median income
$151,850
Median home value
$2,000,000
Avg household
2
Households w/ children
31%
For the school run
Sarasota County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Sarasota market
$475K → $493K
Sarasota median sold, yr/yr
95.2%
Sale-to-list ratio (12 mo)
197 of 400
Sarasota actives have cut their price
Median sold price, Sarasota, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 393% above the SARASOTA 34242 median. See the full Sarasota market guide →
Paper trail
This home's history
Reality check
What actually sold near 116 GARDEN LANE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · May ’26$2,050,000
513 VENICE LANE
5 bd · 3.5 ba · 3,009 sqft · $681/sqft · 118 DOM
Sold · Nov ’25$1,761,000
4929 OXFORD DRIVE
3 bd · 2 ba · 2,878 sqft · $612/sqft · 2 DOM
Sold · Feb ’26$1,350,000
4839 PRIMROSE PATH
4 bd · 3.5 ba · 3,074 sqft · $439/sqft · 45 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Anealya Hammad
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 116 GARDEN LANE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 116 GARDEN LANE — before you fall in love.
See it in person
Schedule a tour
Live availability from Anealya's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
116 GARDEN LANE FAQs
What would the monthly payment be for 116 GARDEN LANE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $13,271/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 116 GARDEN LANE?+
The most recent tax bill on record (2025) was $19,174. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Sarasota?+
At $1,995,000, this home is listed about 263% above the Sarasota median of $550,000. The market section on this page shows how the area is trending.
Which schools are assigned to 116 GARDEN LANE?+
Brookside Middle School (middle), Phillippi Shores Elementary School (elementary), Sarasota High School (high) — Sarasota County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$1,995,000 runs 393% above the SARASOTA 34242 median — but at 2,971 sqft it's also nearly twice the size of the typical Sarasota listing.
02Water views
The water view is part of what you're buying — views hold value independently of the structure.
03Fresh on the market
Only 3 days on market in a Sarasota market that averages 85 — if it fits, move quickly.
04Strong assigned schools
Brookside Middle School, Phillippi Shores Elementary School, Sarasota High School — Phillippi Shores Elementary School rates 5 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of LIST NOW REALTY, LLC · Matt Buttner. MLS #G5118672.
IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
Never miss a listing
New Sarasota homes, in your inbox
Like 116 GARDEN LANE but not quite? A daily digest of every new listing in Sarasota — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask Anealya to ping you on any price or status change →