Property Description
Discover an exceptional income-generating property in the heart of coveted Siesta Key right on Beach Road! This fully renovated raised multi-unit compound features a spacious 2-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathrooom unit (side by side). An impressive gross income in 2023 and n 2024 (despite hurricane-related downtime), this turnkey investment provides immediate cash flow. Note: This property is zoned an RMF (Residential Multifamily) and is legally able to accept nightly rentals. The property boasts recent upgrades including new AC (2022), updated flooring (2025), modernized plumbing (2022), electrical (2022), and hot tubs (2022). This amazing opportunity is the best cap rate on any house on Siesta Key. Whether you're seeking a high-performing Airbnb rental portfolio or a strategic redevelopment opportunity in one of Florida's most desirable beach destinations, this property delivers both immediate income and long-term appreciation potential. Absentee owner managed; turnkey operation available at on a management fee with all staff staying in place. This house already has engineering drawings to enclose the bottom area adding 2,000 additonal square foot, that would increase rent by or more. This property could be purchased as a portfolio with 5228 Calle Menorca and 6550 Sabal Road.
Property Features
Amenities
Feature Descriptions
Listed By / Shown By
Listed By
Agency Name: BEYCOME OF FLORIDA LLC
Agency Contact: 844-239-2663
Shown By
Agent Name: Teresa Jacalone
Agent Phone: (904) 501-8241
Agency Title: Watson Realty Corp., REALTORS ®
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Estimated Payment
$ 18,943.16 per month $16,371.20 Principal & Interest $1,581.75 Property Tax $990.21 Homeowner's InsuranceChange Payment Information
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527 Beach Road | MLS# O6384340
This multi-family property located at 527 Beach Road, Sarasota, FL 34242 is currently listed for sale with an asking price of $3,395,000. Search Sarasota real estate on tjacalone.watsonrealtycorp.com today.