527 Beach Road, Sarasota, FL 34242
- $3,195,000
- 4
- BD
- 3
- BA
- 1,803
- SqFt
- List Price
- $3,195,000
- Status
- Active
- Days on Market
- 157
- Price Change
- ▲ $220,000 1778892987
- MLS#
- O6384340
- Property Style
- Duplex
- Year Built
- 1985
- Bedrooms
- 4
- Bathrooms
- 3
- Living Area
- 1,803
- Lot Size
- 7,379
- Acres
- 0.17
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Sarasota Beach
- Community Name
- Sarasota Beach
- MLS Area Major
- Sarasota/Crescent Beach/Siesta Key
Property Description
Discover an exceptional income-generating property in the heart of coveted Siesta Key right on Beach Road! This fully renovated raised multi-unit compound features a spacious 2-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathrooom unit (side by side). An impressive gross income in 2023 and n 2024 (despite hurricane-related downtime), this turnkey investment provides immediate cash flow. Note: This property is zoned an RMF (Residential Multifamily) and is legally able to accept nightly rentals. The property boasts recent upgrades including new AC (2022), updated flooring (2025), modernized plumbing (2022), electrical (2022), and hot tubs (2022). This amazing opportunity is the best cap rate on any house on Siesta Key. Whether you're seeking a high-performing Airbnb rental portfolio or a strategic redevelopment opportunity in one of Florida's most desirable beach destinations, this property delivers both immediate income and long-term appreciation potential. Absentee owner managed; turnkey operation available at on a management fee with all staff staying in place. This house already has engineering drawings to enclose the bottom area adding 2,000 additonal square foot, that would increase rent by or more. This property could be purchased as a portfolio with 5228 Calle Menorca and 6550 Sabal Road.
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Additional Information
- Taxes
- $18981
- Community Features
- No Deed Restriction
- Zoning
- RMF1
- Interior Layout
- Cathedral Ceiling(s), Open Floorplan
- Interior Features
- Cathedral Ceiling(s), Open Floorplan
- Utilities
- Cable Connected, Electricity Connected, Sewer Connected, Water Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Frame
- Exterior Features
- Outdoor Grill, Outdoor Shower
- Roof
- Shingle
- Foundation
- Pillar/Post/Pier
- Pool
- No Pool
- Garage Carport
- 5+ Car Carport
- Flood Zone Code
- AE
- Parcel ID
- 0082120010
- Legal Description
- LOT 25, BLK 21, SARASOTA BEACH
Listing courtesy of BEYCOME OF FLORIDA LLC. 844-239-2663
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