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Amina Stevens

astevens@homesbyamina.com +1(813) 401-0460

$ 2,690,000

Est. payment | -/mo

6 Beds

4 Baths

2,050 SqFt

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$ 2,690,000

Est. payment | -/mo

Save Virtual Tour

6 Beds

4 Baths

2,050 SqFt

Key Details

Property Type Single Family Home, Duplex

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

Discover an exceptional income producing property in the heart of coveted Siesta Key. This fully renovated multi unit compound features two spacious 3 bedroom, 2 bathroom units, one upstairs and one downstairs, making it ideal for short term rental investors. The current owner is available to continue managing the property for the next owner at only a 10 percent fee, offering a seamless, turnkey transition.

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

Listed by Steve Fingerman PEOPLE'S TRUST REALTY

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Amina Stevens

Broker Associate / Team Leader

+1(813) 401-0460

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5228 CALLE MENORCA Sarasota, FL 34242

Amina Stevens

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Go tour this home

5228 CALLE MENORCA