527 BEACH ROAD SARASOTA FL 34242 MLS #G5082108 | Gary Kusher | Florida Real Estate

527 BEACH ROAD
SARASOTA, FL, 34242
$3,395,000
4 Beds
3 Baths
4,500 SqFt
0.17 Acres
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Presenting an exclusive opportunity on Siesta Key Beach – an exceptional duplex for your consideration. This is situated directly on Beach Road, boasting a consistent income stream. It can be retained as a lucrative investment or transformed into a grand three-story duplex with the potential for even greater returns. This property is divided into two separate units: a 2-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathroom unit. With its rare zoning approval for short-term and nightly rentals, this property is perfect for use as a primary home, vacation home, or income-generating investment. This home’s revenue is sure to exceed your expectations. All aspects of the rental, including cleaners, management, and handyman services, are already in place, ensuring a seamless and hassle-free transition. This property has earned a 4.9-star rating as a VRBO ‘Premier Host and is recognized as an Airbnb ‘SuperHost’. Included is an already preapproved plan with permits paid and engineered drawings approved to enclose the bottom garage area, adding an additional 2,000 square foot of space. Custom murals throughout the house making it one of the most sought after and unique homes on Siesta Key. Both units have undergone recent upgrades, including new floors, fresh paint, new bathrooms, and stylish new furnishings. Local artist-created custom murals provide pops of color to the traditional shiplap walls, and built-ins. The kitchens feature granite countertops and stainless-steel appliances, and the exteriors offer new fencing, a stone-paved patio with two grills, 2 private hot tubs, 2 tiki huts and a large heated pool. Entire in-house property management, cleaners, handyman, etc to stay with the sale making it turnkey and easy to operate. The management fee cost is about 3.5%, not the standard 20% as in most cases. The home brought in over $386,000 gross in last 12 months. Gross cap rap is at 11%. This is unheard of on such a great property that will continue to grow in value.

Property Details

Price:
$3,395,000
MLS #:
G5082108
Status:
Active
Beds:
4
Baths:
3
Address:
527 BEACH ROAD
Type:
Multi Family
Subtype:
Duplex
Subdivision:
SARASOTA BEACH
Neighborhood:
34242 – Sarasota/Crescent Beach/Siesta Key
City:
SARASOTA
Listed Date:
May 13, 2024
State:
FL
Finished Sq Ft:
4,500
Total Sq Ft:
4,500
ZIP:
34242
Lot Size:
7,379 sqft / 0.17 acres (approx)
Year Built:
1985
Units:
2
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I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.

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Schools

Interior

Appliances
Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Refrigerator, Washer
Cooling
Central Air
Flooring
Luxury Vinyl
Heating
Central, Electric
Laundry Features
Inside

Exterior

Construction Materials
Wood Frame, Wood Siding
Exterior Features
Balcony, Outdoor Shower
Other Structures
Other
Parking Features
Driveway
Roof
Shingle

Financial

Tax Year
2023
Taxes
$22,791

Map

Community

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527 BEACH ROAD
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