527 Beach Road, Siesta Key, FL 34242
- $3,195,000
- 4
- BD
- 3
- BA
- 1,803
- SqFt
- List Price
- $3,195,000
- Status
- ACTIVE
- MLS#
- O6384340
- Price Change
- ▲ $220,000 1778892987
- Bedrooms
- 4
- Bathrooms
- 3
- Living Area
- 1,803
- Subdivision
- Sarasota Beach
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
- Year Built
- 1985
- Construction
- Frame
- Living Area
- 1,803
- Acres
- 0.17
- Interior Features
- Cathedral Ceiling(s), Open Floorplan
- Cooling
- Central Air
- Heating
- Central
- Garage Description
- 5+ Car Carport
- Exterior Features
- Outdoor Grill, Outdoor Shower
- Sewer
- Public Sewer
Listing courtesy of BEYCOME OF FLORIDA LLC.
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