$669,000
1128 Peppertree Lane
Sarasota, FL 34242
Listing updated: June 26, 2026 at 12:26 PM ET
Listing courtesy of Peppertree Bay Realty Inc · Cheryl Santelli · MLS #A4695723 · Active · 941-914-3380Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Experience the ultimate Siesta Key lifestyle in this beautifully updated Gulf side first-floor, turnkey furnished 2-bedroom, 1.5-bath condo with tranquil pond views and deeded beach access to the #1 beach in the USA. Thoughtfully renovated and move-in ready, this charming residence features large-format porcelain tile flooring, crown molding, fresh paint, updated plumbing, new impact-resistant glass doors and windows, spacious walk-in closets, a beautifully remodeled kitchen with new appliances, full-size washer and dryer, new ceiling fans, Tempur-Pedic mattresses, and quality Pottery Barn and Crate & Barrel furnishings. Relax in the enclosed lanai overlooking the peaceful pond and stone waterfall, or enjoy the convenience of your designated parking space just outside the door. Located within the highly desirable 16-acre beach-to-bay community of Peppertree, residents enjoy private beach access, two heated pools, two clubhouses, a fitness center, saunas, tennis and pickleball courts, BBQ areas, a fishing pier, on-site management, and a rental office. Just minutes from Siesta Key Village's shopping, dining, and entertainment, this property offers the perfect combination of personal enjoyment and investment potential, with existing rentals in place from February 1 through March 31 for immediate income. Simply bring your suitcase and start enjoying your own private slice of paradise.
Local Insight
This is a rare find for Sarasota—a waterfront condo on 4.27 acres with no HOA, which gives you unusual freedom, but the AE flood zone designation means mandatory flood insurance and potential elevation requirements that could hit your long-term costs and resale value. At $597/sqft for a 1974 unit, you're paying for the land and water access more than the building itself, so factor in whether updates or eventual replacement of aging systems fit your budget. The real question is whether the water access and acreage justify the flood zone risk and whether you're comfortable with a smaller, older living space for what's essentially a waterfront investment.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history23 days on market
- Status: ActiveJun 4, 2026
- Listed$669,000Jun 3, 2026
- Price increased$669,000
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Active
- Days on market
- 23
- Subdivision
- Peppertree Bay Iii
- County
- Sarasota
- Year built
- 1974
- Living area
- 1,120 sq ft
- Price/sq ft
- $597
- Lot size
- 186,024 sq ft
- Flood zone
- AE (12115C0143G)
- Annual taxes
- $3,746 (2025)
- Parcel #
- 0106033049
- Zoning
- RMF3
- MLS #
- A4695723
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Interior Details
- Bedrooms
- 2
- Full bathrooms
- 1
- Half bathrooms
- 1
- Flooring
- Tile
- Appliances
- Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Interior features
- Living Room/Dining Room Combo, Open Floorplan, Walk-In Closet(s), Window Treatments
- Laundry
- Electric Dryer Hookup, Inside
- Stories / Levels
- One
- Direction faces
- North
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- $1,231/mo
- Total annual fees
- $14,772
- HOA name
- Peppertree Bay / Dan Arens
- CDD
- No
- Min lease term
- 1 Month
- Ownership
- Condominium
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- 1 month minimum.
Exterior & Construction
- Exterior features
- Lighting, Private Entrance, Private Mailbox, Tennis Court(s)
- Construction materials
- Frame
- Roof
- Shingle
- Foundation
- Slab
- Water access
- Yes
- Water view
- Yes
- Road surface
- Brick
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Available, Electricity Available, Sewer Connected, Water Connected
Community
- Pets allowed
- No
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Living Room | First | 22x13 |
| Primary Bedroom | First | 14x11 |
| Bedroom 2 | First | 10x11.9 |
| Balcony/Porch/Lanai | First | 13.9x7 |
| Kitchen | First | 10x10 |
Listing Details
- Listing date
- 2026-06-03
- On market date
- 2026-06-03
- Original list price
- $669,000
- Occupant type
- Vacant
- MLS area
- 34242 - Sarasota/Crescent Beach/Siesta Key
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-06-04
- Tax legal description
- UNIT 111 BLDG B-A PEPPERTREE BAY UNIT 3
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From Stickney Point road go west on the south bridge to Siesta Key, turn right on to Midnight Pass Rd. Go 3/4 mile to Peppertree Bay Lane. Turn left.1128 will be on the left.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of June 26, 2026 at 12:26 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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