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    Waterfront Homesite with Lagoon Frontage Title is generated by Realmo AI

    7219 PINE NEEDLE Rd, Sarasota, FL 34242

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    For Sale
    $1,100,000

    Over half-acre waterfront homesite with 152 feet on Heron Lagoon in a guard-gated Gulf-front community.

    Type:Land
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 5:09 am

    Property Features for 7219 PINE NEEDLE Rd

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Judie Berger
    Judie Berger

    Listing agent Judie Berger License #0671663

    Listing office Premier Sotheby's International Realty

    Listing date Jun 3, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Premier Sotheby's International Realty

    HighLights

    • Over half‑acre waterfront homesite with 152 feet of frontage on Heron Lagoon
    • Located in Sanderling Club, Siesta Key’s original guard‑gated Gulf‑front community
    • Exclusive access to a private Gulf‑front beach for residents
    • Community resident marina allows homeowners to rent boat slips for direct access to Sarasota Bay, the Intracoastal Waterway, and the Gulf of Mexico
    • Nearby outdoor options include kayaking, paddleboarding, canoeing, and fishing from the property’s lagoon frontage
    • Car‑dependent area (Walk Score 41; Bike Score 42)

    Overview

    This waterfront homesite in the Sanderling Club offers more than half an acre of property with 152 feet of frontage on Heron Lagoon. Positioned beneath a canopy of mature trees, the setting supports a private, nature-forward build site and offers direct access to the lagoon for activities such as kayaking, paddleboarding, canoeing, and fishing.

    Sanderling Club is described as the original guard-gated community on Siesta Key, with a Gulf-front private beach for residents and uncrowded sunset views. The community also includes a resident marina where boat slips may be rented by homeowners for access to Sarasota Bay, the Intracoastal Waterway, and the Gulf of Mexico. Beyond the gates, the property benefits from easy access to Siesta Beach and Siesta Village, as well as downtown Sarasota cultural attractions.

    For buyers looking to create a custom Gulf-front lifestyle without private dock ownership, this homesite provides a substantial lagoon setting within an established, private community. Its measured frontage and tranquil water access make it a practical option for those prioritizing a waterfront residence surrounded by mature landscaping and community-managed amenities.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Big Box & Wholesale Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.5312
    Latitude
    27.2450131

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    FAQs

    What type of property is this?
    Waterfront Land - Over half-acre waterfront homesite with 152 feet on Heron Lagoon in a guard-gated Gulf-front community.
    Where is this waterfront land located?
    The property is located at 7219 PINE NEEDLE Rd Sarasota, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Over half‑acre waterfront homesite with 152 feet of frontage on Heron Lagoon; Located in Sanderling Club, Siesta Key’s original guard‑gated Gulf‑front community; Exclusive access to a private Gulf‑front beach for residents
    (941) 928-3424
    We can help!
    Listing Contact
    Judie Berger
    Judie Berger
    Real Estate License ID: 0671663
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    7219 PINE NEEDLE Rd, Sarasota, FL 34242
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