527 BEACH ROAD, Siesta Key, FL, 34242
4 beds
1985
1,803 sqft
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.
Status:
Active
Type:
Multi-family
Laundry Remarks:
In Kitchen, Laundry Room
Units:
2
Subdivision:
SARASOTA BEACH
Heating:
Central
Cooling:
Central Air
Acreage:
0.17
Est. Taxes:
$18,981
Construction
Wood Frame (FSC Certified)
Utilities
Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Days on Market:
1
MLS #:
O6384340
Community Info
School Info
Walk Score
Yelp
Listing courtesy of Beycome of Florida LLC 804-656-5007