UPDATED:
Key Details
Property Type Single Family Home
Sub Type Half Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,050 sqft
Price per Sqft $1,312
Subdivision Sarasota Beach
MLS Listing ID TB8541886
Bedrooms 6
Full Baths 4
Construction Status Completed
HOA Y/N No
Year Built 1965
Annual Tax Amount $13,996
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Half Duplex
Source Stellar MLS
Property Description
The property generated $393,000 in gross income in 2023, $350,000 in 2024 (with two months of downtime due to hurricane impact), and $308,977 in 2025 (still down from hurricane related effects), with 2026 year to date income of $214,000 through July, offering strong and proven cash flow.
Recent improvements include new AC (2025), updated flooring (2024 to 2025), modernized plumbing (2024), electrical upgrades (2022), and refreshed hot tubs (2021).
What truly sets this property apart is its Commercial General (CG) zoning with a special exemption allowing nightly rentals, a rare and highly valuable designation on Siesta Key that protects the short term rental use. This zoning also unlocks significant redevelopment potential, including the possibility to construct an approximately 85 foot building with ground floor parking, 11 two bedroom units, and a rooftop pool.
Property is part of a very successful Airbnb portfolio consisting of three duplexes with cap rates exceeding 10 percent. Please inquire for details.
Location
State FL
County Sarasota
Community Sarasota Beach
Area 34242 - Sarasota/Crescent Beach/Siesta Key
Zoning CG
Interior
Interior Features Other
Heating Central, Electric
Cooling Central Air
Flooring Vinyl
Furnishings Unfurnished
Fireplace false
Appliance Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Laundry Laundry Room
Exterior
Exterior Feature Lighting, Outdoor Grill, Outdoor Shower, Sauna
Fence Fenced, Vinyl
Pool Above Ground
Utilities Available Cable Available
View Y/N No
Water Access No
Roof Type Shingle
Attached Garage false
Exposure East
Garage false
Private Pool Yes
Building
Story 2
Entry Level Two
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Frame
New Construction false
Construction Status Completed
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Owner Financing
Listing Terms Cash, Conventional, Owner Financing
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8541886
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