527 Beach Road
$2,900,000
4
1,803
1,803
$1,608
Description
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...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.
- Listed by Matt Buttner • LIST NOW REALTY, LLC
Property Details for 527 Beach Road
Subdivision Name
SARASOTA BEACH
Township37S
Carport Spaces8
ViewWater
WaterfrontNo
FurnishedFurnished
LISTING UPDATED: 11/11/2024 04:18 PM
Property Details for 527 Beach Road
Status | Active |
---|---|
MLS # | G5082108 |
Days on Market | 189 |
Taxes | $22,791 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Duplex |
Year Built | 1985 |
Lot Size | 0.17 AC / 7,379 SF |
County | Sarasota County |
Building Information for 527 Beach Road
Stories-Residences2Year Built1985Building Size-Lot Size0.17 AC / 7,379 SF
Property Information for 527 Beach Road
Property History for 527 Beach Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 527 Beach Road
Taxable ValueLand$1,663,300Additions$301,900Total$1,965,200
Tax Record2023$22,791 ($1,899 / month)
Home Facts
Baths3Total Finished SqFt1,803 SqFtAbove Grade Finished SqFt1,803 SqFtStories2Lot Size7,379 SqFtStyleDuplexYear Built1985Year Renovated1995ZoningRMF1; SKODCountySARASOTAAPN0082-12-0010
Schools near 527 Beach Road
This home is within Sarasota.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Phillippi Shores Elementary School PublicPK to 5 | ||
Brookside Middle School Public6 to 8 | ||
Sarasota High School Public9 to 12 | ||
Sarasota Virtual Instruction (Course Offerings) Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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