1123 Crescent Street #1123/1125, Sarasota, FL 34242
Local realty services provided by:CENTURY 21 Myers Realty
1123 Crescent Street #1123/1125,Sarasota, FL 34242
$1,305,000
- 4 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: christa spalding
Office: coldwell banker realty
MLS#:A4678397
Source:MFRMLS
Sorry, we are unable to map this address
Price summary
- Price:$1,305,000
About this home
EXCEPTIONALLY RARE Siesta Key Income Property | Zoned for DAILY Rentals — a true Siesta Key Unicorn.
This rare 4-bedroom, 4-bath duplex offers a unique opportunity to acquire a short-term rental asset just a short stroll from the world-famous white sands of Siesta Key Beach, one of the most supply-constrained and consistently in-demand vacation markets in Florida.
Configured as two fully renovated 2BR/2BA residences, this property delivers unmatched flexibility—ideal as a high-performing investment, 1031 replacement property, vacation home, or personal residence with income potential. Zoned for DAILY rentals—a highly limited and valuable designation on Siesta Key—the property is currently operated as a professionally managed short-term rental with future bookings in place.
Designed for both guest appeal and operational efficiency, each unit features open-concept living spaces, updated kitchens, in-unit laundry, durable tile flooring throughout, and tasteful coastal furnishings. The property is being sold fully furnished and turnkey, allowing for a seamless transition of ownership with no operational downtime.
Outdoor amenities further support strong occupancy and repeat bookings, including a fenced, heated pool, tropical landscaping, lounging and dining areas, and a private grilling space. Four dedicated off-street parking spaces (two per unit) add a meaningful competitive advantage in this highly desirable beach location.
Professionally operated as a vacation rental since 2020, the property has achieved documented gross rental income approaching $200,000 annually. A temporary decline in late 2024 and early 2025 was event-driven rather than demand-driven, due to regional hurricane-related cancellations. Travel demand to Siesta Key is now rebounding, and bookings are steadily returning—positioning the property for revenue normalization and potential growth consistent with prior peak years.
Whether you are a short-term rental investor, 1031 exchange buyer, or an owner seeking to blend lifestyle with income, this property offers a rare combination of location, zoning, resilience, and upside in one of Florida’s most desirable coastal markets.
Detailed income and expense reports available upon request. Buyer to verify exchange eligibility and tax treatment with qualified advisors. Private showings by appointment only.
Contact an agent
Home facts
- Year built:1968
- Listing ID #:A4678397
- Added:45 day(s) ago
- Updated:March 01, 2026 at 07:37 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Dining Description:Living Room/Dining Room Combo
- Kitchen Description:Solid Surface Counters
- Bedroom Description:Primary Bedroom Main Floor, Walk-In Closet(s)
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Year built:1968
- Construction Materials:Stucco
- Exterior Features:Fence, Lighting
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,305,000
- Tax amount:$13,721 (2025)
Features and amenities
- Laundry features:Electric Dryer Hookup, Inside, Laundry Room
- Amenities:BB/HS Internet Available, Cable Connected, Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Thermostat, Walk-In Closet(s), Window Treatments
- Pool features:Heated, In Ground, Private Pool
New listings near 1123 Crescent Street #1123/1125
- New
$265,000Active2 beds 2 baths1,069 sq. ft.2989 Taywood Meadow #19, SARASOTA, FL 34235
MLS# A4684414Listed by: SHOWTIME REALTY - Open Sun, 1 to 4pmNew
$419,900Active3 beds 2 baths1,487 sq. ft.3165 Woodmont Drive, SARASOTA, FL 34232
MLS# TB8478459Listed by: COASTAL PROPERTIES GROUP INTERNATIONAL - New
$549,000Active3 beds 2 baths1,116 sq. ft.2244 Sunnyside Place, SARASOTA, FL 34239
MLS# A4684357Listed by: ASHTON LAKES REALTY INC - New
$871,450Active2 beds 3 baths1,333 sq. ft.2170 Robinhood Street #A1-301, SARASOTA, FL 34231
MLS# A4684401Listed by: WILLIAM RAVEIS REAL ESTATE - New
$1,950,000Active3 beds 4 baths3,639 sq. ft.12012 Legacy Estates Boulevard, SARASOTA, FL 34238
MLS# A4683780Listed by: KELLER WILLIAMS ON THE WATER S - New
$949,000Active3 beds 3 baths1,403 sq. ft.2170 Robinhood Street #C1-405, SARASOTA, FL 34231
MLS# A4684395Listed by: WILLIAM RAVEIS REAL ESTATE - New
$2,995,000Active3 beds 3 baths2,985 sq. ft.35 Watergate Drive #1203, SARASOTA, FL 34236
MLS# A4683828Listed by: ELLIOTT MITCHELL REAL ESTATE - New
$895,000Active3 beds 3 baths2,300 sq. ft.1507 Clower Creek Drive #HA166, SARASOTA, FL 34231
MLS# A4682434Listed by: CHARITY & WEISS INTERNATIONAL LLC - New
$225,000Active0.57 AcresClark Road, SARASOTA, FL 34241
MLS# A4682614Listed by: KELLER WILLIAMS ON THE WATER S - Open Sun, 1 to 4pmNew
$649,900Active3 beds 3 baths2,253 sq. ft.7207 39th Lane E, SARASOTA, FL 34243
MLS# A4684258Listed by: PILEGGI REALTY GROUP LLC