Siesta Key Beach Residences Condos For Sale | Siesta Key, FL

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Siesta Key

Siesta Key Beach Residences Community Guide

Siesta Key Beach Residences features luxury beachfront condos with modern design and Gulf views, appealing to high-end buyers.

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Siesta Key Beach Residences Condominiums in Siesta Key, FL.

Also known as the Hyatt Residences, Siesta Key Beach Residences condos for sale were built in 2009 and hold 44 units, sold under two different structures: full single ownership or fractional shares. Fractional ownership splits the cost and benefit of a single residence among multiple shareholders, an approach that opens the door to beachfront ownership at a fraction of what a full purchase would run.

Each fractional share typically works out to 3 weeks a year, or 1/16th ownership, with two of those weeks fixed and guaranteed and one floating within a set window. Buyers aren’t limited to a single share either; purchasing multiple packages is entirely possible for anyone who wants more time on property each year. For buyers priced out of a multi-million-dollar beachfront purchase, this structure offers a real way in, with direct beach access just steps from the building.

Amenities Includes:

Heated pool, spa, elevators, fitness center, massage room, laundry facility, valet parking, 24 hour security.

Community Fee Includes:

Building Exterior, Cable, Community Pool, Electric, Escrow Reserves Fund, Flood Insurance, Gas, Ground Maintenance, Internet, Insurance Building, Maintenance/Repairs, Manager, Pest Control, Recreational Facilities, Roof, Security, Trash Removal, Water/Sewer.

Key Facts:

70 Condo Residences

Price Range:	$75k–$2.5M
Year Built:	2008 – 2009
Size (Sq. Ft.):	1,625 – 2,625
Min. Lease:	1-7 Days
Leases/ Year:	365

Gated:	✖ No
Pool:	✔ Yes
Pets Allowed:	✖ No
Golf Course:	✖ No
CDD Fee:	✖ No

*Accuracy of info provided is not guaranteed. All info must be verified before making a purchase decision.

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Condos For Sale in Siesta Key Beach Residences | Siesta Key, FL.

Insight For Siesta Key Beach Residences

Learn more about this community.

Insights

Siesta Key Beach Residences

Pros

Direct beachfront
Plenty of fine amenities in this community

Considerations

Fractional ownership means residents may use condo 2 weeks per year in a specified time frame

Shopping

Grocery store is 1.5 miles
Siesta Village is 3.0 miles
Nearest mall is 4.3 miles

Beach

This condo has private beach access
2.0 miles to Siesta Key Main Public Beach
Closest Siesta Key public beach access point is #12

Lifestyle

Fun public beach vibe day and night
Numerous fine dining restaurants as well as many casual beach bars.
It’s a vacationers lifestyle

Downtown Sarasota

7.1 miles
18 minute drive

Photos of Siesta Key Beach Residences

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Additional Siesta Key Beach Residences Condo Information

The on-site-manager for Siesta key Beach Residences can assist the single ownership residents if they want to lease their condo. The condos range up to 2,770 square feet in size with 4 bedrooms. Each residence delivers gorgeous views of the beach, turquoise waters of the Gulf and sunny blue skies. The properties are luxurious with fine finishes from the open concept living area, kitchen with top-of-the-line appliances, comfortable bedrooms and lavish baths. The attention to detail proves that no expense has been spared regarding the interior comfort of each property.

Fractional Ownership

Fractional Ownership Overview (2022) – PDF Download

Whether purchasing as a single ownership or fractional ownership, it is important to review the fees applicable to the property. Review the documents regarding the fractional ownership and time span available for enjoying you vacation property.

There are deed restrictions and a no pet policy. Siesta Key Beach Residences condos have amenities that display Hyatt hospitality with front desk assistance, 24/7 security, on-site-management, concierge service, the heated resort pool with hot tub and cabanas. Adjacent to the fitness facility is the steam room and massage spa. The game room has billiards, pool table, ping pong and other table games that provide fun with family and friends. There is an outdoor lounge, fire pit, grilling area, garage and valet parking. Residents are steps from the fine white sands of the beach and across the street from restaurants, shopping and entertainment. The beautiful fiery sunsets can be seen from the beach and your private balcony. There is so much to do and see on Siesta Key, Lido Key and the cultural venues of Sarasota.

Siesta Key Beach Residences is the ultimate in luxury and beachfront living.

Siesta Key Beach Residences Frequently Asked Questions

Siesta Key Beach Residences Condominiums

How large is the Siesta Key Beach Residences condo community in Siesta Key?

Siesta Key Beach Residences has about 70 condos, built in 2009.

What does “fractional Ownership” mean for Siesta Key Beach Residences condos?

Each condo unit has multiple owners, called “shareholders”, that split the cost and the benefits of each vacation residence. The fractional ownership are shares and can be used by the shareholder for specified weeks during the year.

How many weeks does a fractional owner get to use the condo each year?

Typically, each owner may use for 3 weeks each year (1/16th ownership). Two weeks are “fixed”, which means the weeks are guaranteed. One week is considered “floating”, which allows an owner to use this week during a floating period.

Are there any condos available for purchase which are not “fractional Ownership” with multiple owners for each unit?

Yes, however the MLS listing will indicate whether a particular unit is “fractional ownership” or not. It the price seems very low for a beach front condo, the safe bet is it that condo is only selling fractional ownership.

How far is Siesta Key Beach Residences from downtown Sarasota?

Siesta Key Beach Residences is located about 7.3 miles from downtown Sarasota.

How far is the Sarasota International Airport from Siesta Key Beach Residences?

Siesta Key Beach Residences is located about 11.2 miles from the Sarasota International Airport.

Are pets allowed in Siesta Key Beach Residences?

No, pets are not allowed in Siesta Key Beach Residences.

*Accuracy of info provided is not guaranteed. All info must be verified before making a purchase decision.