3515 LA PALOMA AVENUE, SARASOTA, FL, 34242
Active124 days on marketListed Apr 8, 2026MLS #A4689037
About this home
3515 LA PALOMA AVENUE
A rare opportunity to own one of Siesta Key’s most versatile luxury properties. Situated on a rare oversized double lot within the city limits, this elevated coastal retreat offers exceptional privacy, flexibility, and proven income potential just minutes from Siesta Key Beach, Siesta Village, and the North Bridge. Completely reimagined with high-end finishes throughout, the home features nearly 3,000 square feet of thoughtfully designed living space, including 5 bedrooms, 3 bathrooms, an open-concept floor plan, designer kitchen, and spacious living areas that seamlessly blend indoor and outdoor living. Step outside to your own private backyard oasis featuring a sparkling pool, expansive patio, and multiple entertaining spaces designed for the ultimate Florida lifestyle. A detached guest suite overlooking the pool provides incredible flexibility for multigenerational living, extended guests, a private home office, or additional income-producing opportunities. Whether you’re searching for a primary residence, luxury vacation home, or investment property, this home delivers. Currently producing phenomenal rental returns, it offers a unique combination of luxury living and income potential that’s increasingly difficult to find on Siesta Key. With its elevated location, oversized lot, turnkey condition, exceptional outdoor living, and unmatched versatility, 3515 La Paloma is a rare opportunity to own a premier coastal retreat in one of Sarasota’s most desirable locations. Schedule your private showing today
Facts & features
The home at a glance
5
Bedrooms
3
Bathrooms
2,233
Sqft
0.25 ac
Lot size
2
Garage
1985
Year built
One
Levels
$806
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.
$11,867 /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
$11,867/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.
$/sqft vs SIESTA REV OF
$806 vs $795
Days on market
124 vs 63 typical
Where $806/sqft sits among the 7 homes for sale in SIESTA REV OF
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)
4 of 7
SIESTA REV OF have cut their price
Median sold price, Sarasota, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 296% above the SARASOTA 34242 median. See the full Sarasota market guide →
Paper trail
This home's history
Reality check
What actually sold near 3515 LA PALOMA AVENUE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jun ’26$1,050,000
157 GARDEN LANE · same community
3 bd · 2 ba · 2,146 sqft · $489/sqft · 38 DOM
Sold · Mar ’26$1,850,000
3919 ROBERTS POINT ROAD · same community
4 bd · 3 ba · 2,497 sqft · $741/sqft · 42 DOM
Sold · Jul ’26$1,400,000
324 SIESTA DRIVE · same community
5 bd · 4 ba · 2,510 sqft · $558/sqft · 6 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
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 3515 LA PALOMA AVENUE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 3515 LA PALOMA AVENUE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
3515 LA PALOMA AVENUE FAQs
What would the monthly payment be for 3515 LA PALOMA AVENUE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $11,867/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 3515 LA PALOMA AVENUE?+
The most recent tax bill on record (2025) was $15,834. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 3515 LA PALOMA AVENUE?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Sarasota?+
At $1,800,000, this home is listed about 222% above the Sarasota median of $559,000. The market section on this page shows how the area is trending.
Which schools are assigned to 3515 LA PALOMA AVENUE?+
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
Three things that matter here
01Positioned at the premium end
$1,800,000 runs 296% above the SARASOTA 34242 median — but at 2,233 sqft it's also 33% larger than the typical Sarasota listing.
02Your own pool
A private pool — the feature Florida buyers ask for first, already in the ground and included in the price.
03Strong 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 KELLER WILLIAMS ON THE WATER S · Derek Edwards. MLS #A4689037.
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.
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