527 Beach Road, Sarasota, FL 34242
Local realty services provided by:CENTURY 21 Affiliates
Listed by: steven koleno
Office: beycome of florida llc.
MLS#:O6384340
Source:MFRMLS
Price summary
- Price:$2,975,000
- Price per sq. ft.:$1,650.03
About this home
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....
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Home facts
- Year built:1985
- Listing ID #:O6384340
- Added:57 day(s) ago
- Updated:April 19, 2026 at 11:53 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Basement Description:Pillar/Post/Pier
- Living area:1,803 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1985
- Building area:1,803 sq. ft.
- Lot area:0.17 Acres
- Construction Materials:Frame
- Exterior Features:Outdoor Grill, Outdoor Shower
- Foundation Description:Pillar/post/pier
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$2,975,000
- Price per sq. ft.:$1,650.03
- Tax amount:$18,981 (2025)
Features and amenities
- Laundry features:In Kitchen, Laundry Room
- Amenities:Cable Connected, Cathedral Ceiling(s), Open Floorplan
- Pool features:Public Pool
Parking
- Carport spaces:8
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