Prime investment opportunity directly on prestigious Beach Road in Siesta Key. This fully renovated, raised multi unit property offers strong short term rental income potential in one of Florida's most desirable coastal markets. The side by side duplex features a spacious 2 bedroom, 2 bathroom unit and a 2 bedroom,… Read More 1 bathroom unit. Zoned RMF and legally permitted for nightly rentals, making it ideal for vacation rental investors. The current owner is available to continue managing the property for the next owner at only a 10 percent fee, with staff, cleaning crew, and maintenance vendors already in place.
The property generated $393,000 in gross income in 2023, $323,000 in 2024 (with two months of downtime due to hurricane impact), and $291,000 in 2025 (still down from hurricane related effects), with 2026 year to date income of $192,000 through July.
Recent updates include new AC systems in 2022, updated flooring in 2025, modernized plumbing in 2022, full electrical upgrades in 2022, and private hot tubs installed at each unit in 2022.
Additional upside exists with completed engineering drawings to enclose the lower level, adding approximately 2,000 square feet and significant rental income potential. Just steps from the sand and close to Siesta Key Village shops and restaurants, this is a rare chance to own an income producing property in one of the top beach destinations in the country.
Property is part of a very successful Airbnb portfolio consisting of three duplexes with cap rates exceeding 10 percent. Please inquire for details. Read Less
Courtesy of PEOPLE'S TRUST REALTY 727-946-0904
Listing Snapshot
Days Online
13
Last Updated
Property Type
Half Duplex
Beds
4
Full Baths
3
Square Ft.
1,803
Lot Size
0.17 Acres
Year Built
1985
MLS Number
TB8542235
Additional Details
Property Access
Road Surface: Gravel
Appliances & Equipment
Dishwasher, Dryer, Microwave, Range, Refrigerator
Building
Built in 1985, Living area: 1803, Living area units: Square Feet, Building faces Southeast, 2 stories, Levels: Two, Construction Materials: Wood Siding
Cooling
Central Air
Exterior Features
Outdoor Grill, Outdoor Shower
Floors
Vinyl
Foundation
Slab
Heating
Central, Electric
Interior Features
Cathedral Ceiling(s), Living Room/Dining Room Combo, Open Floorplan
Laundry
Laundry Room
Lot
0.17 acres
Parking
4 carport spaces
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 0082120010, Public Survey Range: 17E, Public Survey Section: 12, Annual Amount: $18,981, Tax Block: 21, Tax Book Number: 1-76, Legal Description: LOT 25, BLK 21, SARASOTA BEACH, Lot: 25, Year: 2025, Zoning: RMF1
Utilities
Cable Available, Electricity Connected, Sewer Connected, Water Source: Public
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