6 months on rocket

527 Beach Rd, Sarasota, FL, 34242

$2,900,000

4 Bedrooms
3 Baths
1,803 SqFt
$1,608/SqFt
Multi

Location

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Property Highlights

Home TypeDuplex
ParkingDriveway
Year Built1985
HeatingCentral, Electric
CoolingCentral Air
ViewWater
Private PoolYes
MLS #G5082108
Lot Size0.17 Acres
StatusActive

About 527 Beach Rd

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)

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Water
  • Exterior: Balcony, Outdoor Shower

Parking Information:

  • Parking: Driveway

Virtual/3D Tour

  • Virtual Tour: 527 Beach Rd
Virtual Tour

Lot Features

Lot Information:

  • Lot: Flood Zone
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: MIDNIGHT PASS RD TO RIGHT ON BEACH RD. PROPERTY ON RIGHT.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,900,000
  • Price Per SqFt: $1,608/SqFt

Tax Information:

  • Annual Amount: $12,642
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$520.7K

Med. Price/SqFt

$305

Avg. Days On Market

62

# of Sold Homes

302

527 Beach Rd vs Sarasota

184 DAYS ON ROCKET

+122 Days

$2,900,000

+$2.3M More

$1,608/SqFt

+$1.3K More

KEY TAKEAWAY

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

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: 11/13/2024, 10:49:49 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

Mar 11, 2021Home Sold
$1,395,000
Dec 30, 2019Home Sold
$4,300,000
Dec 30, 2019Home Sold
$4,300,000
Jan 10, 2011Home Sold
$600,000
Jun 03, 1999Home Sold
$350,000

Tax History

YEARPROP. TAXASSESSMENT
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.

Payment Calculator

$14.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,761

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-110793
8
/10
  • Phillippi Shores Elementary School

  • 4747 S Tamiami Trl

  • 2.17 miles

  • Public Magnet Grades PK-5

school-card-donut-110794
10
/10
  • Southside Elementary School

  • 1901 Webber St

  • 3.12 miles

  • Public District Grades PK-5

school-card-donut-110795
6
/10
  • Gulf Gate Elementary School

  • 6500 S Lockwood Ridge Rd

  • 3.14 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

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.

All data provided by Home Junction and Claritas

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Rocket HomesFloridaSarasota CountySarasota34242527 Beach Rd

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.

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