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838 Norsota Way, Sarasota, FL, 34242

5beds
7baths
3,001sqft
$4,190,000
$1,396price/sqft
$31,224/moest. monthly cost
$1,248,960/yrincome needed

About This Home

Pre-Construction. To be built. Discover timeless coastal elegance in this upcoming traditional-style new construction home, perfectly situated in the highly coveted Bay Island neighborhood on Siesta Key. Designed to blend modern sophistication with classic charm, this residence offers an extraordinary lifestyle of luxury and tranquility. Set on a 13,815 sqft. homesite, this 3,001 sqft. masterpiece features 5 spacious bedrooms, 5 full bathrooms, 2 half baths, and an office. There is opportunity for a private fitness studio, and there are 3 garage spaces. Thoughtfully curated interiors showcase refined finishes, soaring ceilings, and abundant natural light that capture lush landscaping views throughout. At the heart of the home lies a gourmet chef’s kitchen—a showpiece of design and functionality. A striking quartz waterfall island anchors the open-concept layout, framed by elegant pendant lighting, custom cabinetry, and top-of-the-line stainless steel appliances. Perfectly suited for entertaining or relaxed coastal living, the adjoining living and dining areas flow seamlessly to the outdoors. Step into your private tropical retreat, where a resort-style pool with a champagne spa is surrounded by lush landscaping and swaying palms. Host the family or guests with the covered outdoor kitchen and the dinning space. The outdoor living space is designed for serenity and sophistication, offering the ideal backdrop for gatherings or quiet moments alike. Located in one of Sarasota’s most desirable neighborhoods, this remarkable new construction home offers privacy, convenience, and effortless access to world-class beaches, fine dining, and vibrant cultural attractions. A rare opportunity to own a brand-new luxury residence on Bay Island—where coastal beauty meets timeless design.

Getting Around

4
WalkingCar-Dependent
0
TransitNo Nearby Transit
35
BikeSomewhat Bikeable

Schools

6/10
Brookside Middle SchoolGrades 6-81.5 mi
5/10
Sarasota High SchoolGrades 9-122.0 mi

Construction

Condition

  • Property condition: Pre-Construction
  • New construction: Yes
  • Year built: 2026

Materials

  • Foundation: Slab
  • Roof: Metal
  • Construction materials: Block,Concrete

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Convection Oven,Cooktop,Dishwasher,Disposal,Dryer,Microwave,Range,Range Hood,Refrigerator,Washer
  • Laundry features: Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 7
  • Full bathrooms: 5
  • 1/2 bathrooms: 2

Features

  • Ceiling Fan(s),High Ceilings,Open Floorplan,Primary Bedroom Main Floor,Thermostat,Vaulted Ceiling(s),Walk-In Closet(s)
  • Door features: Outdoor Kitchen
  • Window features: Window Treatments
  • Flooring: Engineered Hardwood,Porcelain Tile
  • Fireplace features: Electric
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,139
  • Total interior livable area: 3,001 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Primary Bedroom

  • Features: Walk-In Closet(s)
  • Level: First

Property

Details

  • Parcel number: 2019090022
  • Zoning: RSF1
  • Special condition: None

Features

  • Levels: One
  • Stories: 1
  • Private pool: Yes
  • Pool features: Heated,Lighting,Salt Water
  • Patio & porch: Deck,Patio
  • Exterior features: Awning(s),Lighting,Outdoor Kitchen,Private Mailbox,Rain Gutters
  • Spa features: Heated,In Ground
  • Fencing: Fenced
  • Residential vegetation: Trees/Landscaped

Lot

  • Lot size: 0.32 Acres

Parking

  • Total spaces: 3
  • Parking features: Garage - Attached
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingVery High
  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Lightning
Tsunami

FEMA Declared Disasters in Sarasota County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $21,186$254,232
Home Insurance *$4,331$51,972
Property Taxes $5,405$64,860
Electricity $302$3,624
Total$31,224$374,688
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,070,537/yr
40% on housing$936,720/yr
45% on housing$832,640/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.0%
15.0%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 6.6%
6.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,396This listing

vs Other Active Listings

Avg $/sqft

ZIP 34242$1,105
Sarasota County$345

vs Homes Sold Last Month

Median $/sqft

ZIP 34242$616
Sarasota County$245

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-31Listed for sale$4,190,000
2026-03-30Listing removed$4,190,000
2026-02-10Listed for sale$4,190,000
2026-02-10Listing removed$3,650,000
2026-01-07Listed for sale$3,650,000
2026-01-07Listing removed$3,650,000
2025-10-23Listed for sale$3,650,000
2025-10-22Listing removed$1,175,000
2025-10-08Listed for sale$1,175,000
2025-07-02Listing removed$3,750,000
2025-06-14Price change$3,750,000
2025-05-05Listed for sale$3,749,000
2025-03-12Sold$800,000
2025-01-07Price change$6,000,000
2024-11-12Pending sale$895,000
2024-11-09Listed for sale$895,000

New Construction

AgentFaith Stutzman
BrokeragePHAM REALTY GROUP LLC

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