FL
Sarasota
SARASOTA
34242
527 BEACH ROAD
527 BEACH ROAD, SARASOTA, FL 34242
Listing Type
single family
Listing Status
active
67
$3,395,000

Home Details for 527 BEACH ROAD

Price
$3,395,000
Type
Residential Income
Bedrooms
4
Bathrooms
3.0
Square feet
1803
Year built
1985
Lot size acres
0.17
County
Sarasota
Garage
Days on site
169
MLS Listing#
G5082108
Listing courtesy: LIST NOW REALTY, LLC - 352-385-7636
Property 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 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.

View Virtual Tour
Property Features
  • Utilities
    • Cable Connected
    • Electricity Connected
    • Sewer Connected
    • Street Lights
    • Water Connected
  • House Interior
    • Open Floorplan
    • Stone Counters
    • Thermostat
    • Vaulted Ceiling(s)
  • Heating Information
    • Central
    • Electric
  • Cooling Information
    • Central Air
  • Water Features
    • Public
Listings courtesy of Stellar MLS.
IDX information is provided exclusively for consumers’ personal, non-commercial use. This data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.
Last Updated: 2024-08-10 00:46:04
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Stellar MLS.
EXIT SUCCESS REALTY
5160 Mariner Blvd., Spring Hill, FL 34609
Cynthia Coreano
License #: 3370562
REALTOR®
Office
352 686 2222
Agent
787 717 7476
Request more details
Code: