527 BEACH ROAD at

527 BEACH ROAD

For sale Days on market 84

$3,195,000

$1772/sq ft

$200,000
Price Decreased

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Overview

Bedroom

Year Built

1985

Sqft

1803

Property Type

Duplex

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.

Property Details

MLS#

O6384340

Address

527 BEACH

City

Sarasota

State/county

Zip/Postal Code

34242

Area

Sarasota Beach

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$18,981

Maint Fee

$--

Tax Year

2025

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