UPDATED:
Key Details
Property Type Single Family Home
Sub Type Half Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,803 sqft
Price per Sqft $1,552
Subdivision Sarasota Beach
MLS Listing ID TB8542235
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1985
Annual Tax Amount $18,980
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Half Duplex
Source Stellar MLS
Property Description
The property generated $393,000 in gross income in 2023, $323,000 in 2024 (with two months of downtime due to hurricane impact), and $291,000 in 2025 (still down from hurricane related effects), with 2026 year to date income of $192,000 through July.
Recent updates include new AC systems in 2022, updated flooring in 2025, modernized plumbing in 2022, full electrical upgrades in 2022, and private hot tubs installed at each unit in 2022.
Additional upside exists with completed engineering drawings to enclose the lower level, adding approximately 2,000 square feet and significant rental income potential. Just steps from the sand and close to Siesta Key Village shops and restaurants, this is a rare chance to own an income producing property in one of the top beach destinations in the country.
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 RMF1
Interior
Interior Features Cathedral Ceiling(s), Living Room/Dining Room Combo, Open Floorplan
Heating Central, Electric
Cooling Central Air
Flooring Vinyl
Furnishings Negotiable
Fireplace false
Appliance Dishwasher, Dryer, Microwave, Range, Refrigerator
Laundry Laundry Room
Exterior
Exterior Feature Outdoor Grill, Outdoor Shower
Utilities Available Cable Available, Electricity Connected, Sewer Connected
View Y/N No
Water Access No
Roof Type Shingle
Attached Garage false
Exposure Southeast
Garage false
Private Pool No
Building
Story 2
Entry Level Two
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Wood Siding
New Construction false
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/TB8542235
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