4900 OCEAN BOULEVARD UNIT 501, SARASOTA, FL, 34242
Active945 days on marketListed Jan 2, 2024MLS #A4593799
About this home
4900 OCEAN BOULEVARD UNIT 501
Welcome to an extraordinary vacation escape in the beautiful surroundings of Siesta Key. This exceptional two-story penthouse condo located in the waterfront community Sandy Cove offers an unforgettable vacation experience with a partial view of the breathtaking Gulf of Mexico! With three-bedrooms, three-bathrooms and two outdoor seating areas, you can soak up the sun and enjoy the tropical breezes all day long! Inside, a fully equipped kitchen awaits you, ideal for culinary adventures or easy catering. Enjoy the spacious rooms complete with walk-in closets, providing plenty of space to comfortably accommodate your personal belongings. Enjoy the beautiful decor with modern, coastal furnishings, adding to the serene and luxurious feel of the property, allowing you to fully embrace the beauty and relaxing atmosphere of the coast. In addition to your private retreat, you can also take advantage of the community pool, a perfect spot to cool off or enjoy a refreshing swim. Exceptionally located in the heart of North Siesta Key Village, this condo affords easy access to live music, shopping, and a fantastic selection of restaurants. Whether you feel like trying local seafood, exploring boutiques or simply enjoying the vibrant local music scene, the Village has something for everyone. Come experience the perfect balance of luxury, convenience, and the captivating beauty of the Gulf Coast in this exceptional Siesta Key penthouse condo.
Facts & features
The home at a glance
3
Bedrooms
3
Bathrooms
1,867
Sqft
1 ac
Lot size
1978
Year built
Two
Levels
$3
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Principal and interest plus estimated taxes and insurance. Run your own numbers below.
$194 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
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
Estimated payment
$194/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Estimates only — taxes at 1.1%/yr and typical insurance; 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 Sarasota actives
$3 vs $343
Days on market
945 vs 62 typical
Where $3/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 Sarasota
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Sarasota. See the full Sarasota guide →
The numbers that matter
The Sarasota market
$475K → $495K
Sarasota median sold, yr/yr
95.2%
Sale-to-list ratio (12 mo)
153 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 99% below the SARASOTA 34242 median. See the full Sarasota market guide →
Paper trail
This home's history
Reality check
What actually sold near 4900 OCEAN BOULEVARD UNIT 501
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Sep ’25$900,000
5572 SHADOW LAWN DRIVE
3 bd · 2 ba · 2,039 sqft · $441/sqft · 77 DOM
Sold · Jul ’26$1,100,000
5569 SHADOW LAWN DRIVE
3 bd · 2 ba · 2,074 sqft · $530/sqft · 35 DOM
Sold · Apr ’26$2,500,000
5770 MIDNIGHT PASS UNIT C608
3 bd · 2.5 ba · 2,085 sqft · $1,199/sqft · 3 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
Kat Bonelli
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 4900 OCEAN BOULEVARD UNIT 501 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 4900 OCEAN BOULEVARD UNIT 501 — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Kat's phone and CRM.
Straight answers
4900 OCEAN BOULEVARD UNIT 501 FAQs
What would the monthly payment be for 4900 OCEAN BOULEVARD UNIT 501?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $194/mo — principal and interest, estimated property taxes 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.
Are pets allowed at 4900 OCEAN BOULEVARD UNIT 501?+
The listing reports pets: No. 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 $4,700, this home is listed about 99% below the Sarasota median of $569,945. The market section on this page shows how the area is trending.
The brief
Four things that matter here
01Under the SARASOTA 34242 market on paper
$4,700 is 99% below the SARASOTA 34242 median of $483,000, and at $3/sqft it sits under the Sarasota average of $498.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Time on market is leverage
945 days on market against a Sarasota median of 62 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $15,000, now $4,700 — a $10K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of ASCENDIA REAL ESTATE · Beth Dilley. MLS #A4593799.
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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