NFA Finance

111 Faubel Street, Sarasota, Florida 34242, is a three-bedroom, three-bath waterfront home for sale by owner on North Siesta Key. Offered at $1,495,000, the property includes approximately 2,114 square feet of total living area across three levels, a private dock, direct boating access, and weekly vacation-rental potential.

Schedule a private showing — Call or text Nick Francis: (734) 224-4490

Back in 2018, 111 Faubel Street was selected as a “Featured Property of the Day by Homes of Sarasota” (https://www.homesofsarasota.com/blog/featured-property-of-the-day-111-faubel-street-siesta-key/).

Eight years later, I’m offering it for sale myself.

Not because I don’t respect good real estate professionals. I do. But nobody knows this property the way I do.

I know every square inch of this house. I know what has been repaired, what has been upgraded, what it costs to operate, how the water access really works, and what it actually feels like to live here.

You’re not getting a rehearsed sales pitch from someone who walked through the house yesterday.

You’re getting the truth directly from the owner.

A Rare North Siesta Key Waterfront Location

111 Faubel Street sits in a private tropical setting on the north end of Siesta Key. It gives you the island lifestyle without isolating you from the rest of Sarasota.

Siesta Key Village, the beaches, restaurants, and downtown Sarasota are all close by. Downtown is approximately four miles away.

But the real story begins behind the house.

This is a genuine waterfront property with a private dock and direct boating access. From the dock, it is approximately a two-minute boat ride to the Intracoastal Waterway. There is one bridge between the property and open water, so buyers should confirm the clearance for their particular boat. Open water is less than ten minutes away by kayak.

The dock is in excellent condition, and the existing lift/davit is rated at approximately 7,000 pounds. The property can accommodate a boat around 26 feet, depending on its configuration, height, and bridge-clearance requirements.

Manatees visit the water behind the house. The dock catches the evening light. When you step into the backyard, Sarasota suddenly feels a long way away—even though downtown is only minutes from the front door.

Three Bedrooms and Three Bathrooms Across Three Levels

The home offers approximately 2,114 square feet of total living area with three bedrooms and three full bathrooms arranged across three levels.

Each level has its own bedroom and bathroom. That layout creates natural privacy and separation for a family, overnight guests, extended-family living, or a vacation-rental operation.

The main living spaces feature warm Southern pine floors, rustic beams, a vaulted ceiling, and French doors leading toward the covered porch.

The fully permitted lower level has its own bedroom and bathroom, giving the property even more flexibility. It can serve as private guest space, an owner’s suite, extended-family accommodations, or additional separation for rental use.

This is not a cookie-cutter new build.

It has character. It feels like Siesta Key.

Licensed and Permitted Hurricane Restoration

I believe serious buyers deserve the complete story.

The lower level experienced hurricane-related flooding. It was then professionally restored through an approximately $86,000 licensed and permitted project.

The work was completed to current code with future resilience in mind, including raised electrical components and other practical improvements. Available permits and disclosures can be reviewed by prospective buyers.

The home also has:

– Two central air-conditioning systems installed in March 2026
– Two mini-split systems approximately 12 to 18 months old
– A metal roof approximately 12 years old
– Typical electric bills of approximately $130 to $150 per month, depending on usage and season

Inspections are welcome. Buyers should verify every material detail through their own inspection, insurance, permitting, and due-diligence process.

I want the eventual buyer to understand exactly what they are purchasing.

Weekly Vacation-Rental Potential on Siesta Key

This part of North Siesta Key offers something increasingly difficult to find: weekly vacation rentals are permitted on this street, subject to applicable licensing, registration, and local regulations.

That creates several possible ownership strategies:

– Use the property as a full-time waterfront residence.
– Keep it as a second home and rent it while you are away.
– Operate it as a professionally managed Siesta Key vacation rental.
– Build a hybrid plan around the home’s three-level layout and separate lower-level space.

The three-bedroom, three-bathroom configuration, private dock, boating access, tropical setting, and proximity to both downtown Sarasota and Siesta Key attractions make it an unusually versatile property.

I am not promising a specific rental return or selling someone else’s projection. Any buyer considering short-term rental use should independently confirm current rules, obtain professional revenue estimates, and build an operating plan around their own intended use.

What Does 111 Faubel Street Cost to Own?

Real buyers deserve real numbers.

Current property taxes are approximately $14,400 per year, based on the property’s current non-homesteaded status.

Homeowners and flood insurance together have been approximately $10,600 per year.

Combined, the current non-homesteaded property taxes and insurance are approximately $25,000 per year, or roughly $2,100 per month.

Electricity has generally run approximately $130 to $150 per month, and internet has been approximately $100 per month.

These figures reflect my practical experience as the owner; they are not guarantees. A buyer’s future property taxes, insurance premiums, utilities, and other carrying costs may differ based on the purchase price, assessed value, available exemptions, coverage, intended use, and individual consumption.

Moving to Florida: Income Tax and Homestead Advantages

For someone considering a full-time move, Florida offers important financial advantages.

Florida does not impose an individual state income tax. An eligible owner who makes the property a permanent Florida residence may also qualify for Florida’s homestead property-tax exemption and Save Our Homes assessment limitation.

Florida’s Constitution also provides significant protection from forced sale for a qualifying homestead. That protection is subject to eligibility requirements and important exceptions, including property taxes, purchase-money obligations, and certain obligations involving improvements or repairs.

These benefits are personal to the owner and are not automatic. Buyers should confirm residency, homestead, tax, estate-planning, and asset-protection questions with qualified Florida tax and legal professionals.

Why I’m Selling My Siesta Key Home

I’m not running away from this property. I’m redeploying capital and attention into the next chapter of my life and business.

That distinction matters.

This home offers a lifestyle that is difficult to duplicate: waterfront living on Siesta Key, direct access to the Intracoastal Waterway, a private dock, flexible living space, and weekly-rental eligibility—all minutes from downtown Sarasota.

But every asset has to fit the direction of your life.

Right now, my direction is taking me back toward building businesses, creating content, and expanding the next version of Modern Day Dealer and 7101 Motors.

Someone else should enjoy what this property does best.

111 Faubel Street Is Offered Directly From the Owner

Asking price: $1,495,000

I am looking for a serious buyer and a clean transaction. Inspections are welcome, and a local real estate attorney can handle the contract and closing.

Buyer’s agents are welcome, but any buyer-agent compensation must be arranged and paid by the buyer.

No games. No manufactured urgency. No rehearsed sales pitch.

Come see the house. Walk the property. Stand on the dock. Ask me anything you want to know.

If you are seriously interested in this Siesta Key waterfront home, contact me directly through NFA Finance or one of my Modern Day Dealer social channels to schedule a private showing.

“View the current listing, property details, and photographs for 111 Faubel Street on Zillow” (https://www.zillow.com/homedetails/111-Faubel-St-Sarasota-FL-34242/47610070_zpid/).

This house was featured once before.

Now you can hear the full story from the man who actually lived it.



Frequently Asked Questions About 111 Faubel Street

Is 111 Faubel Street directly on the water?

Yes. The property is waterfront and has a private dock with direct boating access. It is approximately two minutes by boat to the Intracoastal Waterway.

How many bedrooms and bathrooms does the house have?

The home has three bedrooms and three full bathrooms across three levels. Each level has its own bedroom and bathroom.

Does the property have a boat lift?

The dock has an existing lift/davit rated at approximately 7,000 pounds. Buyers should confirm compatibility with their specific boat.

Is there a bridge between the house and open water?

Yes. There is one bridge. Boat owners should independently verify bridge clearance based on their vessel’s height and configuration.

Are weekly vacation rentals allowed?

Weekly vacation rentals are permitted on this street, subject to current local licensing, registration, occupancy, and operating requirements. Buyers should independently verify all rules based on their intended use.

Was the lower level permitted?

Yes. The lower level is fully permitted and includes its own bedroom and bathroom. Following hurricane-related flooding, it underwent an approximately $86,000 licensed and permitted restoration.

Is the current tax figure homesteaded?

No. The current property-tax figure of approximately $14,400 per year reflects the property’s non-homesteaded status. A buyer’s future tax bill may differ.

Is the property listed with a real estate agent?

The property is being offered directly by the owner. Buyer’s agents are welcome, but any buyer-agent compensation must be arranged and paid by the buyer.

— Nick Francis

Modern Day Dealer

NFA Finance