Share this with your friends
+17272653144
Birch Real Estate Services
523 Beach Road, Sarasota, FL 34242
- $8,249,000
- 19
- BD
- 12
- BA
- 6,972
- SqFt
- List Price
- $8,249,000
- Status
- Active
- Days on Market
- 0
- MLS#
- A4713034
- Property Style
- Duplex
- Year Built
- 1928
- Bedrooms
- 19
- Bathrooms
- 12
- Living Area
- 6,972
- Lot Size
- 21,412
- Acres
- 0.49
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Sarasota Beach
- Community Name
- Sarasota Beach
- MLS Area Major
- Sarasota/Crescent Beach/Siesta Key
Property Description
EXCLUSIVE SIESTA KEY INVESTMENT OPPORTUNITY | 9 INCOME-PRODUCING RENTAL UNITS | 7+ Percent CAP RATE | STEPS from SIESTA KEY BEACH! An exceptional opportunity to acquire TWO adjacent income-producing properties at 523 BEACH ROAD and 530 CANAL ROAD, ideally located just a one-minute walk from Siesta Key Beach and five minutes from the vibrant Siesta Key Village. The portfolio comprises 9 established vacation rental units, including 7 on Beach Road and 2 on Canal Road, accommodating couples, families, and larger groups. Significant improvements have enhanced both properties, with five of the nine units reportedly fully renovated and additional upgrades completed through 2025. Key features include: modernized interiors, kitchens, and appliances, new HVAC systems installed in 2025, impact-resistant windows, heated swimming pool and tropical landscaping, private outdoor areas, BBQ facilities, and outdoor showers, 25+ parking spaces, complimentary beach amenities. This is A TURNKEY HOSPITALITY INVESTMENT. The properties offer an established short-term rental operation with professional management, strong visibility across major booking platforms, and a history of returning guests. Combining an exceptional location, recently upgraded accommodations, and an attractive 7+ Percent CAP rate, this portfolio presents a compelling opportunity to invest in one of Florida’s most desirable vacation destinations. Financial statements, operating performance, and supporting documentation are available to qualified buyers upon execution of a Non-Disclosure (NDA).
/u.realgeeks.media/seethelisting/BIRCH_LOGO.png){kind=logo}
Additional Information
- Taxes
- $38822
- Minimum Lease
- 1-7 Days
- Annual Gross Income
- 1100000
- Location
- CoastalConstruction Control Line, Flood Insurance Required, Sidewalk
- Community Features
- No Deed Restriction
- Property Description
- Two Story
- Zoning
- RMF1
- Interior Layout
- Ceiling Fans(s), Split Bedroom, Stone Counters, Vaulted Ceiling(s)
- Interior Features
- Ceiling Fans(s), Split Bedroom, Stone Counters, Vaulted Ceiling(s)
- Floor
- Laminate
- Appliances
- Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Microwave, Range, Refrigerator, Washer
- Utilities
- Cable Connected, Electricity Connected, Public, Sewer Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Fireplace
- Yes
- Fireplace Description
- Other
- Exterior Construction
- Stucco
- Exterior Features
- Balcony
- Roof
- Shingle
- Foundation
- Slab
- Pool
- Private
- Pool Type
- In Ground, Heated
- Garage Features
- Guest, Off Street, Open, Oversized
- Elementary School
- Phillippi Shores Elementary
- Middle School
- Brookside Middle
- High School
- Sarasota High
- Water Access
- Canal - Saltwater
- Pets
- Allowed
- Flood Zone Code
- AE
- Parcel ID
- 0082120009
- Legal Description
- LOT 26 & SE 1/2 LOT 27 & SW 33 FT OF LOT 5 & BEG AT MOST WLY COR OF LOT 6 TH NELY 33 FT TH SELY 10 FT TH SWLY 33 FT TH NWLY 10 FT TO POB, SARASOTA BEACH, BEING SAME LANDS AS DESC IN ORI 2020155237 and LOT 4, BLK 21, SARASOTA BEACH
Listing courtesy of CORCORAN DWELLINGS REALTY. 941-200-4663
How much is your home worth?
Find out now!
Mortgage Calculator
StellarMLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on