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$8,249,000

523 Beach Road Sarasota, FL 34242 • Multi Unit - Multiple • Active

  • 523 Beach Road , Sarasota, FL 34242 Main Photo

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Description

EXCLUSIVE SIESTA KEY INVESTMENT OPPORTUNITY | 9 INCOME-PRODUCING RENTAL UNITS | 7+ Percent CAP RATE | STEPS from SIESTA KEY BEACH! An exceptional opportunity to acquire TWO adjacent income-producing properties at 523 BEACH ROAD and 530 CANAL ROAD, ideally located just a one-minute walk from Siesta Key Beach and five minutes from the vibrant Siesta Key Village. The portfolio comprises 9 established vacation rental units, including 7 on Beach Road and 2 on Canal Road, accommodating couples, families, and larger groups.Significant improvements have enhanced both properties, with five of the nine units reportedly fully renovated and additional upgrades completed through 2025. Key features include: modernized interiors, kitchens, and appliances, new HVAC systems installed in 2025, impact-resistant windows, heated swimming pool and tropical landscaping, private outdoor areas, BBQ facilities, and outdoor showers, 25+ parking spaces, complimentary beach amenities. This is A TURNKEY HOSPITALITY INVESTMENT. The properties offer an established short-term rental operation with professional management, strong visibility across major booking platforms, and a history of returning guests. Combining an exceptional location, recently upgraded accommodations, and an attractive 7+ Percent CAP rate, this portfolio presents a compelling opportunity to invest in one of Florida's most desirable vacation destinations. Financial statements, operating performance, and supporting documentation are available to qualified buyers upon execution of a Non-Disclosure (NDA).

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.49 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $38,822
Year Built: 1928

General Information

Bedrooms: 19
Sqft: 6,972
County: Sarasota
High School: Sarasota High
Subdivision: SARASOTA BEACH
Listed By:
Kristina Bregu CORCORAN DWELLINGS REALTY 941-200-4663

Amenities

Ceiling Fans(s)
Split Bedroom
Stone Counters
Vaulted Ceiling(s)
Balcony

Property Features

Annual Net Income: 0.00
Appliances: Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Microwave, Range, Refrigerator, Washer
Days on Site: 1
Directions: From Siesta Key's north bridge, continue south on Higel Avenue, follow the road onto Ocean Boulevard, and continue toward Siesta Key Village and Beach Road. Proceed to 523 Beach Road, Sarasota, FL 34242. The sale also includes the nearby property at 530 C
Exterior: Stucco
Fireplace: Other
Fireplace Y/N: Yes
Flood Zone Code: AE
Flooring: Laminate
Foundation: Slab
Home Warranty Y/N: No
Lease Terms: 6-12 Month
Listing Terms: Cash, Conventional
Lot: CoastalConstruction Control Line, Flood Insurance Required, Sidewalk
Lot Dimensions: 0.49
Other Structures: Gazebo
Ownership: Fee Simple
Parking: Guest, Off Street, Open, Oversized
Parking Notes: Guest, Off Street, Open, Oversized
Patio/Porch: Porch
Pets Allowed: Yes
Pool: In Ground, Heated
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent, Do Not Contact Tenants, Listing Agent Must Accompany, No Lockbox, See Remarks
Special Sale Provisions: None
Special View Info: Water
Swimming Pool: Yes
Units: 9
Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected
Water: Public
Water Access: Canal - Saltwater
Water Access Y/N: Yes
Zoning: RMF1
$8,249,000
19beds
6,972sqft
New to the Market Active
BEDS19 BATHS SQUARE FEET6,972 MLS#A4713034
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONSARASOTA BEACH

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523 Beach Road , Sarasota, FL 34242.

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Estimated Payment

$ 33,463.62 per month $27,822.49 Principal & Interest $3,235.17 Property Tax $2,405.96 Homeowner's Insurance

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About this area

Florida/Sarasota
Sarasota

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About Sarasota

Sarasota, FL is a cultural gem. Once home to the Ringling Brothers Circus, Sarasota boasts a rich arts scene that brings people from all over the area to enjoy world-class theater, music, and other performing arts. Sarasota is also a haven with spectacular scenery, turquoise water and white sandy beaches. It offers a delightful downtown with a variety of small boutiques and exceptional restaurants. With its dynamic culture and arts scene and incredible natural beauty, Sarasota is a wonderful place to call “home.” 

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