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Experience the best of Siesta Key with this vibrant two-unit duplex property, ideally located just steps from the stunning Crescent/Siesta Key Beach. This unique property is perfect for investors or those seeking a vacation home, offering both exceptional income potential and a prime location. The property features two units: Unit A, a spacious 3-bedroom, 2-bathroom residence with a heated inground saltwater pool and an above-ground hot tub; and Unit B, a cozy 1-bedroom, 1-bathroom unit with its own private above-ground pool and hot tub. Both units are decorated with fun, energetic, and colorful decor, including custom murals by local artists that add vibrant pops of color to the traditional shiplap walls. Recent upgrades include new floors, fresh paint, modern bathrooms, and stylish new furnishings. The kitchens in both units are equipped with granite countertops and stainless-steel appliances, ensuring a modern and comfortable living experience. The exterior of the property is equally impressive, featuring new fencing, a stone-paved patio with two grills, and private pools and hot tubs for each unit. This property is not only aesthetically pleasing but also functionally superior, having earned a 4.9-star rating as a VRBO 'Premier Host' and recognized as an Airbnb 'SuperHost'. The property is zoned for short-term and nightly rentals, making it an excellent investment opportunity. Tucked away on a peaceful cul-de-sac, this property offers privacy while being within walking distance to the beach, local restaurants, bars, grocery stores, and shops. Guests can enjoy easy access to rental shops for boating, kayaking, jet skiing, and other water sports, enhancing the vacation experience. The property is a short five-minute drive from Publix, adding convenience for both guests and owners. With in-house property management, cleaners, and handyman services already in place, the transition will be seamless and hassle-free. The current management fee is a low 3.5%, compared to the standard 20% in most cases. This turnkey operation generated $286,000 in gross income over the past 12 months, with a gross cap rate of 10%, and is projected to increase rental income by 20% next year with the newly renovated and added amenities. This massive income-producing duplex is a rare find in Siesta Key, combining a fun, Instagram-worthy atmosphere with substantial financial benefits. Don't miss out on this exceptional opportunity to own a piece of paradise that promises both enjoyment and profit. Contact us today to schedule a showing and discover why this property is one of the most sought-after investments in Siesta Key.
DAYS ON MARKET | 27 | LAST UPDATED | 8/16/2024 |
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TRACT | SABAL PALMS | YEAR BUILT | 1952 |
COMMUNITY | 34242 - Sarasota/Crescent Beach/Siesta Key | COUNTY | Sarasota |
STATUS | Active | PROPERTY TYPE(S) | Multi Family |
ADDITIONAL DETAILS | |
AIR | Central Air |
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AIR CONDITIONING | Yes |
AREA | 34242 - Sarasota/Crescent Beach/Siesta Key |
CONSTRUCTION | Wood Siding |
FIREPLACE | Yes |
HEAT | Central, Electric |
INTERIOR | Open Floorplan, Stone Counters |
LOT | 9148 sq ft |
LOT DESCRIPTION | Waterfront |
POOL | Yes |
POOL DESCRIPTION | Heated, In Ground, Salt Water, Private |
SEWER | Public Sewer |
SUBDIVISION | SABAL PALMS |
TAXES | 14378.95 |
UTILITIES | Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected |
VIEW | Yes |
VIEW DESCRIPTION | Canal, Water |
WATER | Private |
WATERFRONT | Yes |
WATERFRONT DESCRIPTION | Canal Front |
ZONING | RMF1 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by David Crawford, CATALIST REALTY LLC, 386-871-4600
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 9/11/24 9:38 AM PDT.
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