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Roberto Bolona

roberto@salzburggreen.com +1(954) 536-5039

$ 2,975,000

Est. payment | -/mo

4 Beds

3 Baths

1,803 SqFt

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$ 2,975,000

Est. payment | -/mo

Save Virtual Tour

4 Beds

3 Baths

1,803 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,803 sqft

Price per Sqft $1,650

Subdivision Sarasota Beach

MLS Listing ID O6384340

Bedrooms 4

HOA Y/N No

Year Built 1985

Annual Tax Amount $18,981

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type Duplex

Source Stellar MLS

Property Description

Discover an exceptional income-generating property in the heart of coveted Siesta Key right on Beach Road! This fully renovated raised multi-unit compound features a spacious 2-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathrooom unit (side by side). An impressive gross income in 2023 and n 2024 (despite hurricane-related downtime), this turnkey investment provides immediate cash flow. Note: This property is zoned an RMF (Residential Multifamily) and is legally able to accept nightly rentals. The property boasts recent upgrades including new AC (2022), updated flooring (2025), modernized plumbing (2022), electrical (2022), and hot tubs (2022). This amazing opportunity is the best cap rate on any house on Siesta Key. Whether you're seeking a high-performing Airbnb rental portfolio or a strategic redevelopment opportunity in one of Florida's most desirable beach destinations, this property delivers both immediate income and long-term appreciation potential. Absentee owner managed; turnkey operation available at on a management fee with all staff staying in place. This house already has engineering drawings to enclose the bottom area adding 2,000 additonal square foot, that would increase rent by or more. This property could be purchased as a portfolio with 5228 Calle Menorca and 6550 Sabal Road.

Location

State FL

County Sarasota

Community Sarasota Beach

Area 34242 - Sarasota/Crescent Beach/Siesta Key

Zoning RMF1

Interior

Interior Features Cathedral Ceiling(s), Open Floorplan

Heating Central

Cooling Central Air

Fireplace false

Laundry In Kitchen, Laundry Room

Exterior

Exterior Feature Outdoor Grill, Outdoor Shower

Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Pillar/Post/Pier

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Frame

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, Other, VA Loan

Listing Terms Cash, Conventional, FHA, Other, VA Loan

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6384340

Listed by Steven Koleno BEYCOME OF FLORIDA LLC

Nearby Locations

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Roberto Bolona

Managing Partner | License ID: BK3469231

roberto@salzburggreen.com

+1(954) 536-5039

Plantation, 730 SW 78th ave ste 201, Florida, 33324, United States

527 BEACH RD Sarasota, FL 34242

Roberto Bolona

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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527 BEACH RD