14 days on rocket

523 W Oak St, Arcadia, FL, 34266

$600,000

Home List Price

$7,125*

Closing Credit

5 Bedrooms
4 Full Baths
2,670 SqFt
$225/SqFt
House

Location

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523 W Oak St, Arcadia$600,000

Buyer Closing Credits

$7,125*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1938
HeatingCentral, Window Unit(s)
CoolingCentral Air, Wall/Window Unit(s)
MLS #A4631144
Lot Size0.31 Acres
StatusActive

About 523 W Oak St

**Timeless Elegance with Income Potential in Historic Arcadia** Step into a piece of history with this exquisitely furnished and beautifully restored 1938 bungalow, where vintage charm meets modern convenience. Located in Arcadia’s historic district, this remarkable property offers a rare opportunity for both comfortable living and income generation, just an hour from Florida’s pristine Gulf and Atlantic beaches. Nestled beneath sprawling oak trees draped in Spanish moss, this expansive corner-lot property includes not only the main home but also a separate two-unit rental duplex at the rear. Each unit of the duplex is self-contained, making it an ideal income-producing opportunity for short- or long-term rentals. The main bungalow enchants with its inviting front and back porches, perfect for enjoying tranquil mornings or lively evenings. Relax on the porch swing, host al fresco meals, or gather around the firepit in the backyard for stories under the stars. Inside, the home is thoughtfully adorned with period furnishings, evoking the charm of a bygone era. Modern upgrades include a fully equipped kitchen with stainless steel appliances, central air conditioning, and a convenient laundry room. The two bedrooms and two bathrooms are appointed for comfort, with one bedroom featuring a smart TV for entertainment. The duplex at the rear expands the property’s potential, whether as an income generator or additional accommodations for guests. With its strategic location and unique offerings, the entire property is well-suited for a bed-and-breakfast or as a sought-after Airbnb destination, offering visitors a chance to experience the charm of Old Florida while enjoying modern comforts. Conveniently walkable to Arcadia’s vibrant downtown, with its boutique shops, bakeries, and dining options, this property presents a rare blend of historical allure, functional design, and business potential. Gross rental projections are $60k annually.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1938
  • Living Area: 2,670 SqFt

Listing Office:

  • Office Name: DOUGLAS ELLIMAN
  • Listing Agent: Rex Glasson

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Flooring Type: Laminate, Wood
  • Interior: Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Other, Private Mailbox, Sidewalk

Virtual/3D Tour

  • Virtual Tour: 523 W Oak St
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.31 Acres

Utilities

Utilities Information:

  • Heating: Central, Window Unit(s)
  • Cooling: Central Air, Wall/Window Unit(s)

Other

Directions Information:

  • Directions: West on Hickory St from downtown, Left on Lee ave, home at corner of Lee and Oak on your left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $600,000
  • Price Per SqFt: $225/SqFt

Tax Information:

  • Annual Amount: $1,358
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Arcadia, FL.

Med. Sold Price

$277K

Med. Price/SqFt

$190

Avg. Days On Market

83

# of Sold Homes

13

523 W Oak St vs Arcadia

14 DAYS ON ROCKET

-69 Days

$600,000

+$323K More

$225/SqFt

+$34 More

KEY TAKEAWAY

This property is $323K more than the Median Sold Price and $34/SqFt more than other homes in Arcadia, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #A4631144

Listing Office:

  • Office Name: DOUGLAS ELLIMAN
  • Listing Agent: Rex Glasson

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 10:49:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 21, 2010Home Sold
$66,000
Apr 01, 2002Home Sold
$165,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,358$96,626
2019$1,325$94,454
2018$1,246$92,693
2017$1,220$89,700

History based on county public records data.

Payment Calculator

$3,062

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4331867
2
/10
  • West Elementary School

  • 304 W Imogene St

  • 0.41 miles

  • Public District Grades PK-5

school-card-donut-4331868
4
/10
  • Memorial Elementary School

  • 851 E Hickory St

  • 0.93 miles

  • Public District Grades PK-5

school-card-donut-4331869
3
/10
  • Nocatee Elementary School

  • 4846 SW Shores Ave

  • 4.55 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,174. The majority of Arcadia, FL residents have income less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 523 W Oak St

What is the listing price of this property?

The listing price of 523 W Oak St property is $600,000.

What type of property is this?

The property 523 W Oak St is a house located in Arcadia, Florida, 34266.

Is this property for sale now?

Active Listing: 523 W Oak St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,358 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 21, 2010 for $66,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 523 W Oak St has 5 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 523 W Oak St is 2,670 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 523 W Oak St is 1938.

Rocket HomesFloridaDeSoto CountyArcadia34266523 W Oak St

This home is located at 523 W Oak St in Arcadia, FL and zip code 34266. This 2,670 square foot home, which was built in 1938, sits on a 0.31 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 03, 2024 and is currently priced at $600,000.

While more than 2 listings in Arcadia, FL in November 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 7 were sold below. The inventory of homes for sale in Arcadia, FL between October 2024 and November 2024 decreased by 6.6%. The median list price of listings available in November 2024 was $277,000, while the average time on the real estate market was 83 days.

From Rocket Homes Real Estate and based on county public records data.

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