527 Beach Road

Sarasota, FL 34242

$2,900,000
Price
4
Beds
1,803 Sq. Ft.
$1,608 / Sq. Ft.
1,803
Sq. Ft.
$1,608
per Sq. Ft.

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.
  1. Listed by Matt Buttner • LIST NOW REALTY, LLC

Property Details for 527 Beach Road

Subdivision Name
SARASOTA BEACH
Township
37S
Carport Spaces
8
View
Water
Waterfront
No
Furnished
Furnished
LISTING UPDATED: 11/11/2024 04:18 PM

Property Details for 527 Beach Road

StatusActive
MLS #G5082108
Days on Market189
Taxes$22,791 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1985
Lot Size0.17 AC / 7,379 SF
CountySarasota County

Building Information for 527 Beach Road

Stories-Residences2Year Built1985Building Size-Lot Size0.17 AC / 7,379 SF

Property Information for 527 Beach Road

Summary
Location and General Information
  • Building Area Source: Owner
  • Building Area Total: 4500.0
  • Building Area Units: Square Feet
  • Directions: MIDNIGHT PASS RD TO RIGHT ON BEACH RD. PROPERTY ON RIGHT.
  • Mls Major Change Type: Price Decrease
  • Listing Service: Limited Service
  • Senior Community: No
  • SW Subdiv Community Name: Sarasota Beach
  • Unit Number: No
  • Street Number: 527
  • Street Name: BEACH
  • Street Suffix: ROAD
  • State: FL
  • City: SARASOTA
Parking
  • Carport: Yes
  • Garage: No
  • Parking Features: Driveway
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 21
  • Tax Book Number: 1-76
  • Tax Legal Description: LOT 25, BLK 21, SARASOTA BEACH
  • Tax Lot: 25
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required, FloodZone
  • Parcel Number: 0082120010
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: RMF1
  • Living Area: 1803
Property and Assessments
  • Year Built Numeric: 1985
  • Flood Zone Code: VE/AE
  • Homestead: No
  • New Construction: No
  • Public Survey Range: 17E
  • Public Survey Section: 12
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Street Lights, Water Connected
  • Water Source: Public
  • Num Electric Meters: 1.0
  • Num Water Meters: 1.0
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame, Wood Siding
  • Exterior Features: Balcony, Outdoor Shower
  • Foundation Details: Stilt/On Piling
  • Levels: Two
  • Other Structures: Other
  • Patio And Porch Features: Deck, Front Porch, Porch, Rear Porch
  • Pool Dimensions: 15x30
  • Pool Features: Heated
  • Pool Private: Yes
  • Pool: Private
  • Pool Private: Yes
  • Roof: Shingle
  • Security Features: Closed Circuit Camera(s), Smoke Detector(s)
  • Spa Features: Above Ground, Heated
  • Spa: Yes
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 4
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Refrigerator, Washer
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Luxury Vinyl
  • Heating: Central, Electric
  • Interior Features: Open Floorplan, Stone Counters, Thermostat, Vaulted Ceiling(s)
  • Laundry Features: Inside
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
  • Window Features: Blinds, Drapes
Multi Family
Multi-Family Information
  • Annual Expenses: $56,000
  • Annual Net Income: $332,000.00
  • Gross Income: $388,000
  • Unit Count: 2
Unit 1
  • Unit Type Baths Total 1: 2
  • Unit Type Beds Total 1: 2
  • Unit Type Heated Sq Ft 1: 880
  • Unit Type Pro Forma 1: 10000
  • Unit Type Type 1: 2 Bed/2 Bath
  • Unit Type Units Total 1: 1
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 2
  • Unit Type Heated Sq Ft 2: 920
  • Unit Type Pro Forma 2: 7500
  • Unit Type Type 2: 2 Bed/1 Bath
  • Unit Type Units Total 2: 1
Rental
Rental Information
  • Total Actual Rent: $27,600
  • Pets Allowed: Yes

Property History for 527 Beach Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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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527 Beach Road is a multi-family home for sale in Sarasota, FL 34242. This property was listed for sale on May 13, 2024 by LIST NOW REALTY, LLC, it's currently listed at $2,900,000. It has been on the market for a total of 189 days and was last sold on March 1, 2021. This listing's school district is Sarasota. Nearby schools include Phillippi Shores Elementary School, Brookside Middle School and Sarasota High School. 527 Beach Road is a 4-bed, 0-bath, 1,803 sqft multi-family home built in 1985.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LIST NOW REALTY, LLC, Matt Buttner

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.