Presenting an exclusive opportunity on Siesta Key Beach – an exceptional duplex for your consideration. This is situated directly on Beach Road, boasting a consistent income stream. It can be retained as a lucrative investment or transformed into a grand three-story duplex with the potential for even greater returns. This property is divided into two separate units: a 2-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathroom unit. With its rare zoning approval for short-term and nightly rentals, this property is perfect for use as a primary home, vacation home, or income-generating investment. This home's revenue is sure to exceed your expectations. All aspects of the rental, including cleaners, management, and handyman services, are already in place, ensuring a seamless and hassle-free transition. This property has earned a 4.9-star rating as a VRBO 'Premier Host and is recognized as an Airbnb 'SuperHost'. Included is an already preapproved plan with permits paid and engineered drawings approved to enclose the bottom garage area, adding an additional 2,000 square foot of space. Custom murals throughout the house making it one of the most sought after and unique homes on Siesta Key. Both units have undergone recent upgrades, including new floors, fresh paint, new bathrooms, and stylish new furnishings. Local artist-created custom murals provide pops of color to the traditional shiplap walls, and built-ins. The kitchens feature granite countertops and stainless-steel appliances, and the exteriors offer new fencing, a stone-paved patio with two grills, 2 private hot tubs, 2 tiki huts and a large heated pool. Entire in-house property management, cleaners, handyman, etc to stay with the sale making it turnkey and easy to operate. The management fee cost is about 3.5%, not the standard 20% as in most cases. The home brought in over $386,000 gross in last 12 months. Gross cap rap is at 11%. This is unheard of on such a great property that will continue to grow in value.
Property Details
Property Features
Property Information:
Year Built: 1985
Living Area: 1,803 SqFt
Listing Office:
Office Name: LIST NOW REALTY, LLC
Office Phone: (352) 385-7636
Listing Agent: Matt Buttner
Interior Features
Interior Information:
Appliances: Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Refrigerator, Washer
Flooring Type: Luxury Vinyl
Interior: Open Floorplan, Stone Counters, Thermostat, Vaulted Ceiling(s)
This property is $2.3M more than the Median Sold Price and $1.3K/SqFt more than other homes in Sarasota, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #G5082108
Listing Office:
Office Name: LIST NOW REALTY, LLC
Office Phone: (352) 385-7636
Listing Agent: Matt Buttner
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 11, 2021
Mar 11, 2021Home Sold
$1,395,000
Dec 30, 2019
Dec 30, 2019Home Sold
$4,300,000
Dec 30, 2019
Dec 30, 2019Home Sold
$4,300,000
Jan 10, 2011
Jan 10, 2011Home Sold
$600,000
Jun 03, 1999
Jun 03, 1999Home Sold
$350,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$12,642
$964,100
2019
$11,744
$812,970
2018
$11,442
$739,064
2017
$10,362
$842,900
History based on county public records data.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Phillippi Shores Elementary School
4747 S Tamiami Trl
Distance between this listing and this school2.17 miles
Public Magnet Grades PK-5
10
/10
Southside Elementary School
1901 Webber St
Distance between this listing and this school3.12 miles
Public District Grades PK-5
6
/10
Gulf Gate Elementary School
6500 S Lockwood Ridge Rd
Distance between this listing and this school3.14 miles
Public District Grades PK-5
Nearby Schools
5
/10
Brookside Middle School
3636 S Shade Ave
Distance between this listing and this school2.94 miles
Public Magnet Grades 6-8
2
/10
Suncoast School for Innovative Studies
845 S School Ave
Distance between this listing and this school4.47 miles
Public Charter Grades PK-8
7
/10
Imagine School at Palmer Ranch
6220 McIntosh Rd
Distance between this listing and this school4.76 miles
Public Charter Grades PK-8
Nearby Schools
5
/10
Sarasota Virtual Instruction Program
1960 Landings Blvd
Distance between this listing and this school1.79 miles
Public District Grades KG-12
6
/10
Riverview High School
1 Ram Way
Distance between this listing and this school2.55 miles
Public Magnet Grades 9-12
8
/10
Suncoast Polytechnical High School
4650 Beneva Rd
Distance between this listing and this school3.85 miles
The neighbors living near this home have an average income of $82,537. Residents of Sarasota, FL typically earn between $35k-100k each year. Most families are single, no kids. Most residents in this area have post secondary degree education.
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This home is located at 527 Beach Rd in Sarasota, FL and zip code 34242 in the Siesta Key neighborhood. This 1,803 square foot home, which was built in 1985, sits on a 0.17 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 13, 2024 and is currently priced at $2,900,000.
While more than 13 listings in Sarasota, FL in October 2024 were sold above asking price, there were more than 47 listings sold at asking price, and more than 242 were sold below. In October 2024 in Sarasota, FL there were 0.8% less homes for sale than in September 2024. In October 2024 median list price was $520,718 and the average listing age was 62 days.
From Rocket Homes Real Estate and based on county public records data.