9 months on rocket

645 Beach Rd, Sarasota, FL, 34242

$4,150,000

0 Baths
4,989 SqFt
$832/SqFt
Multi

Location

Image provided by Mapbox

Property Highlights

Home TypeTriplex
ParkingDriveway, Garage Door Opener, Guest, Off Street, Tandem, Under Building
Attached Garage4 spaces
Year Built2018
HeatingCentral, Electric, Heat Pump, Zoned
CoolingCentral Air, Zoned
ViewWater
Private PoolYes
MLS #A4601523
Lot Size0.18 Acres
StatusActive

About 645 Beach Rd

Discover the perfect combination of location, value, and resilience in this standout Siesta Key property. Ideally suited as a premier rental investment, this income generating machine asset is priced below replacement cost, making it a rare and exciting opportunity in today’s market. Featuring the highly coveted RMF zoning, this property offers legal daily rentals—a rarity across the region and a game-changer for income potential. Set on high ground, it has proven its durability by remaining high and dry during recent hurricanes, providing unmatched security and peace of mind. This impressive three-unit complex boasts a sparkling pool, plenty of storage, and stunning views of the blue waters of the Gulf of Mexico. The property comes fully turnkey furnished, ensuring a seamless and effortless transition to ownership. As we look toward the future, this property stands as the Crown Jewel of assets on Siesta Key, a rare gem built to endure the test of time while offering unmatched beauty, functionality, and investment opportunity. With its robust construction, prime location, and exceptional earning potential, this property truly embodies the future of Siesta Key real estate. A smart investment that delivers both safety and style, it’s your chance to own a slice of paradise that pays for itself.

Property Details

Property Features

Property Information:

  • Year Built: 2018
  • Living Area: 4,989 SqFt

Listing Office:

  • Office Name: COLDWELL BANKER REALTY
  • Office Phone: (941) 349-4411
  • Listing Agent: Cole Collins

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
  • Flooring Type: Concrete
  • Interior: Ceiling Fans(s), Eat-in Kitchen, Elevator, High Ceilings, Open Floorplan, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Water
  • Exterior: French Doors, Lighting, Sliding Doors, Storage

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: Yes
  • Parking: Driveway, Garage Door Opener, Guest, Off Street, Tandem, Under Building

Lot Features

Lot Information:

  • Lot: Flood Zone, Level, Near Public Transit, Sidewalk, Paved
  • Lot Size: 0.18 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric, Heat Pump, Zoned
  • Cooling: Central Air, Zoned

Other

Directions Information:

  • Directions: Gross bookings from beachside management of 2021- $325,000; 2022- $347,000; and 2023 $275,000

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,150,000
  • Price Per SqFt: $832/SqFt

Tax Information:

  • Annual Amount: $38,211
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$515.5K

Med. Price/SqFt

$302

Avg. Days On Market

76

# of Sold Homes

297

645 Beach Rd vs Sarasota

296 DAYS ON ROCKET

+220 Days

$4,150,000

+$3.6M More

$832/SqFt

+$529 More

KEY TAKEAWAY

This property is $3.6M more than the Median Sold Price and $529/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: #A4601523

Listing Office:

  • Office Name: COLDWELL BANKER REALTY
  • Office Phone: (941) 349-4411
  • Listing Agent: Cole Collins

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: 12/21/2024, 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 18, 2020Home Sold
$2,850,000
Mar 14, 2014Home Sold
$675,000

Tax History

YEARPROP. TAXASSESSMENT
2020$38,211$3,071,300
2019$35,174$2,665,438
2018$9,963$647,130
2017$7,482$588,300

History based on county public records data.

Payment Calculator

$20.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$12.5K

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-840079
8
/10
  • Phillippi Shores Elementary School

  • 4747 S Tamiami Trl

  • 2.10 miles

  • Public Magnet Grades PK-5

school-card-donut-840080
6
/10
  • Gulf Gate Elementary School

  • 6500 S Lockwood Ridge Rd

  • 2.96 miles

  • Public District Grades PK-5

school-card-donut-840081
10
/10
  • Southside Elementary School

  • 1901 Webber St

  • 3.15 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $71,296. Residents of Sarasota, FL typically earn between $35k-100k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

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Rocket HomesFloridaSarasota CountySarasota34242645 Beach Rd

This home is located at 645 Beach Rd in Sarasota, FL and zip code 34242 in the Siesta Key neighborhood. This 4,989 square foot home, which was built in 2018, sits on a 0.18 acre lot. It has been listed on Rocket Homes since February 29, 2024 and is currently priced at $4,150,000.

While more than 12 listings in Sarasota, FL in November 2024 were sold above asking price, there were more than 48 listings sold at asking price, and more than 237 were sold below. Between October 2024 and November 2024, Sarasota, FL real estate market has seen increase in the number of listings by 9.7%. Listings spent 76 days on the market in November 2024, and had a median list price of $515,531 during the same period.

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

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