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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.
| DAYS ON MARKET | 186 | LAST UPDATED | 11/11/2024 |
|---|---|---|---|
| TRACT | SARASOTA BEACH | YEAR BUILT | 1985 |
| COMMUNITY | 34242 - Sarasota/Crescent Beach/Siesta Key | COUNTY | Sarasota |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Jun 5, '24 | $3,545,000 |
|---|---|
| Jun 5, '24 - Nov 11, '24 | $3,395,000 |
| Nov 11, '24 - Today | $2,900,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Refrigerator, Washer |
| AREA | 34242 - Sarasota/Crescent Beach/Siesta Key |
| CONSTRUCTION | Wood Siding |
| EXTERIOR | Balcony, Outdoor Shower |
| HEAT | Central, Electric |
| INTERIOR | Open Floorplan, Stone Counters, Vaulted Ceiling(s) |
| LOT | 7405 sq ft |
| PARKING | Driveway |
| POOL | Yes |
| POOL DESCRIPTION | Heated, Private |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | SARASOTA BEACH |
| TAXES | 22790.74 |
| UTILITIES | Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Water |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Matt Buttner, LIST NOW REALTY, LLC, 352-385-7636
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 11/14/24 6:13 PM PST.
This IDX solution is (c) Diverse Solutions 2024.