New price! Exclusive waterfront opportunity on Siesta Key to build your waterfront estate. Discover the pinnacle of waterfront living with this gated, estate sized 1.27 acre property on wonderful Bay Island at the desirable north end of Siesta Key. This exceptional property is a boater's paradise, offering 178 feet of sailboat with no bridges waterfront with oversized dockage and unparalleled access to the Gulf of Mexico via deep boating waters through Big Pass. The main residence, storm damaged and slated for demolition, presents a rare opportunity to design and build your dream coastal retreat on this expansive lot. Architectural plans are available for a stunning 5,000 square foot coastal contemporary residence, providing a seamless vision for this premier property. A newly constructed, elevated guest house offers immediate accommodations, blending modern luxury with breathtaking views of the serene surroundings. This estate also boasts a professional grade tennis court for the sports enthusiast, an oversized dock and boat lift capable of accommodating larger vessels, and a separate kayak dock and jet ski dock, ensuring seamless enjoyment of the water. Just minutes from world famous Siesta Beach and the mainlands vibrant Sarasota lifestyle, this prime location offers the best of both worlds such as the tranquility of island living and the convenience of world class dining, shopping and cultural amenities. This is more than a property, its a canvas to create a legacy estate in one of Floridas sought after waterfront enclaves.