527 Beach Road Sarasota Florida | Home for Sale
To schedule a showing of 527 Beach Road, Sarasota, Florida, Call David Shippey at 863-521-4517 TODAY!
Sarasota, FL 34242
- 4Beds
- 3.00Total Baths
- 0 Full, 0 HalfBaths
- 1,803SqFt
- 1985Year Built
- 0.17Acres
- MLS# G5082108
- Income
- Duplex
- Active
- Approx Time on Market4 months, 6 days
- Area34242 - Sarasota/crescent Beach/siesta Key
- CountySarasota
- Subdivision Sarasota Beach
Overview
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.
Agriculture / Farm
Grazing Permits Blm: ,No,
Grazing Permits Forest Service: ,No,
Grazing Permits Private: ,No,
Horse: No
Association Fees / Info
Community Features: StreetLights
Pets Allowed: Yes
Senior Community: No
Association: ,No,
Bathroom Info
Total Baths: 3.00
Building Info
Window Features: Blinds, Drapes
Roof: Shingle
Building Area Source: Owner
Buyer Compensation
Exterior Features
Pool Features: Heated
Patio: RearPorch, Deck, FrontPorch, Porch, Balcony
Pool Private: Yes
Exterior Features: Balcony, OutdoorShower
Fees / Restrictions
Financial
Gross Income: 388,000
Original Price: $3,395,000
Disclosures: FloodInsuranceRequired,FloodPlainDisclosure
Garage / Parking
Open Parking: No
Parking Features: Driveway
Attached Garage: No
Garage: No
Carport: Yes
Green / Env Info
Irrigation Water Rights: ,No,
Interior Features
Fireplace: No
Floors: LuxuryVinyl
Levels: Two
Spa: Yes
Laundry Features: Inside
Interior Features: OpenFloorplan, StoneCounters, VaultedCeilings
Appliances: Dryer, Dishwasher, ExhaustFan, ElectricWaterHeater, IceMaker, Microwave, Range, Refrigerator, Washer
Spa Features: AboveGround, Heated
Lot Info
Direction Remarks: MIDNIGHT PASS RD TO RIGHT ON BEACH RD. PROPERTY ON RIGHT.
Lot Size Units: Acres
Lot Size Acres: 0.17
Lot Sqft: 7,379
Lot Desc: FloodZone
Misc
Other
Other Structures: Other
Special Conditions: None
Security Features: ClosedCircuitCameras, SmokeDetectors
Other Rooms Info
Basement: No
Property Info
Habitable Residence: ,No,
Section: 12
Class Type: Duplex
Property Sub Type: Duplex
Property Attached: No
New Construction: No
Construction Materials: WoodSiding, WoodFrame
Stories: 2
Mobile Home Remains: ,No,
Home Warranty: ,No,
Human Modified: Yes
Sqft Info
Sqft: 1,803
Bulding Area Sqft: 4,500
Living Area Units: SquareFeet
Living Area Source: PublicRecords
Tax Info
Tax Year: 2,023
Tax Lot: 25
Tax Legal Description: LOT 25, BLK 21, SARASOTA BEACH
Tax Block: 21
Tax Annual Amount: 22790.74
Tax Book Number: 1-76
Unit Info
Rent Controlled: No
Total Units: 2
Total Actual Rent: 27,600
Utilities / Hvac
Electric On Property: ,No,
Heating: Central, Electric
Water Source: Public
Sewer: PublicSewer
Cool System: CentralAir
Cooling: Yes
Heating: Yes
Utilities: CableConnected, ElectricityConnected, SewerConnected, WaterConnected
Waterfront / Water
Waterfront: No
View: Yes
View: Water
Directions
MIDNIGHT PASS RD TO RIGHT ON BEACH RD. PROPERTY ON RIGHT.This listing courtesy of List Now Realty, Llc
The information being provided by © 2024 My Florida Regional MLS DBA Stellar MLS is for the consumer's
personal, non-commercial use and may not be used for any purpose other than to
identify prospective properties consumer may be interested in purchasing. Any information relating
to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX)
program of the My Florida Regional MLS DBA Stellar MLS. XCELLENCE REALTY, INC is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of XCELLENCE REALTY, INC, a broker participant of My Florida Regional MLS DBA Stellar MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
MLS IDX data last updated on 09-20-2024 9:50 AM EST.
If you have any questions on 527 Beach Road, Sarasota, Florida, please call David Shippey at 863-521-4517.
MLS# G5082108 located at 527 Beach Road, Sarasota, Florida is brought to you by David Shippey REALTOR®
527 Beach Road, Sarasota, Florida has 4 Beds, 0 Full Bath, and 0 Half Bath.
The MLS Number for 527 Beach Road, Sarasota, Florida is G5082108.
The price for 527 Beach Road, Sarasota, Florida is $3,395,000.
The status of 527 Beach Road, Sarasota, Florida is Active.
The subdivision of 527 Beach Road, Sarasota, Florida is Sarasota Beach.
The home located at 527 Beach Road, Sarasota, Florida was built in 2024.
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