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Buying your first home in Siesta Key

On Siesta Key, a condo's inspections and reserves, and the flood code, matter as much as the price.

What changes the math in Siesta Key

Each fact links to the sources we checked it against.

Recent median sale
$940,000
Siesta Key (ZIP 34242), 262 recorded sales, all home types: condos $735,000, houses $1,700,000. The Census puts the typical owner's home value at $985,800 (2020-24).
As of Apr-Sep 2026Sarasota County Property Appraiser ↗U.S. Census ↗Checked Oct 18, 2026
Condo safety rules
30-year inspections
Condos three stories or taller need a structural milestone inspection at 30 years and fully funded reserves for major repairs. Ask for the reports and any planned special assessments before you offer.
Florida law, 2025Fla. Stat. 553.899 ↗Florida Realtors ↗Checked Oct 15, 2026
Flood code on repairs
The 50% rule
If repairs or a remodel cost half the building's market value or more (land not counted), the home must be brought up to current flood code, often by raising it. Ask about past storm damage and permits.
FEMA flood ruleSarasota County ↗Manatee County ↗Checked Oct 15, 2026
Property tax rate
11.47 mills
Siesta Key is unincorporated Sarasota County. On a $400,000 home with homestead, about $4,150 a year. At the recent $940,000 median, about $10,350.
As of 2025 tax yearSarasota Tax Collector ↗Fla. Dept. of Revenue ↗Homestead amount (Fla. DOR) ↗Checked Oct 15, 2026

Down payment help

Checked against official sources this month. Income and price limits apply, and most can’t all be combined.

Flood zone, evacuation level and the exact tax bill change street by street. These official Sarasota County tools give the answer for one address.

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