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527 Beach Road, Sarasota, FL 34242
$3,545,000
527 Beach Road, Sarasota, FL 34242View this property at 527 Beach Road, Sarasota, FL 34242
527 Beach RoadSarasotaFL34242
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Property Description
Presenting an exclusive opportunity on Siesta Key Beach - an exceptional duplex for your consideration. This is situated directly on Beach Road, boasting a consistent income stream. It can be retained as a lucrative investment or transformed into a grand three-story duplex with the potential for even greater returns. This property is divided into two separate units: a 2-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathroom unit. With its rare zoning approval for short-term and nightly rentals, this property is perfect for use as a primary home, vacation home, or income-generating investment. This home's revenue is sure to exceed your expectations. All aspects of the rental, including cleaners, management, and handyman services, are already in place, ensuring a seamless and hassle-free transition. This property has earned a 4.9-star rating as a VRBO 'Premier Host and is recognized as an Airbnb 'SuperHost'. Included is an already preapproved plan with permits paid and engineered drawings approved to enclose the bottom garage area, adding an additional 2,000 square foot of space. Custom murals throughout the house making it one of the most sought after and unique homes on Siesta Key. Both units have undergone recent upgrades, including new floors, fresh paint, new bathrooms, and stylish new furnishings. Local artist-created custom murals provide pops of color to the traditional shiplap walls, and built-ins. The kitchens feature granite countertops and stainless-steel appliances, and the exteriors offer new fencing, a stone-paved patio with two grills, 2 private hot tubs, 2 tiki huts and a large heated pool. Entire in-house property management, cleaners, handyman, etc to stay with the sale making it turnkey and easy to operate. The management fee cost is about 3.5%, not the standard 20% as in most cases. The home brought in over $386,000 gross in last 12 months. Gross cap rap is at 11%. This is unheard of on such a great property that will continue to grow in value.
Full Property Details
Full Property Details for 527 Beach Rd
General
- Price: $3,545,000
- Taxes: $22,790 (2023)
- Status: Active
- Type: Duplex
- MLS ID: G5082108
- Updated: 5/15/2024
- Added to Site: 21 day(s) ago
Rental Information
- Lease/Rent Term: >6 Months <12
Interior
- Interior Features: Open Floorplan, Stone Counters, Thermostat, Vaulted Ceiling(s)
- Appliances: Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Refrigerator, Washer
- Furnishings: Furnished
- Flooring: Luxury Vinyl
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Inside
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: Heated
- Spa: Yes
- Spa Description: Above Ground, Heated
- Security/Safety: Closed Circuit Camera(s), Smoke Detector(s)
Exterior
- Exterior Features: Balcony, Outdoor Shower
- Deck/Patio: Deck, Front Porch, Porch, Rear Porch
- Porch/Patio/Deck: Deck, Front Porch, Porch, Rear Porch
Parking
- Carports: Yes
- Carport: 8
- Carport Spaces: 8
- Covered Spaces: 8
- Parking Features: Driveway
Location
- Area: 34242 - Sarasota/Crescent Beach/Siesta Key
- County: Sarasota
- Development Name: 34242 - Sarasota/Crescent Beach/Siesta Key
- Subdivision: SARASOTA BEACH
- Driving Directions: MIDNIGHT PASS RD TO RIGHT ON BEACH RD. PROPERTY ON RIGHT.
Community
- Community Name: 34242 - Sarasota/Crescent Beach/Siesta Key
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Sewer Connected, Street Lights, Water Connected
Structural Information
- # Buildings: 1
- Exterior Const.: Wood Frame, Wood Siding
- Roof: Shingle
- Windows: Blinds, Drapes
- Stories/Levels: Two
- Square Feet: 1,803
- Sq. Ft. Source: Public Records
- Year Built: 1985
Additional Structures
- Other Structures: Other
Lot Features
- Property View: Water
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,379
- Lot Size: 7379
- Street/Road Desc.: Paved
Water Features
- Water View: Yes
Financial Considerations
- Tax Amount: $22,790.74
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: LOT 25, BLK 21, SARASOTA BEACH
- Flood Zone Info: VE/AE
- APN: 82120010
- Property ID: 82120010
- Block/Lot/Section: 21
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Schools
Schools serving 527 Beach Rd
School District:Sarasota County School District
Rating | Name | Grades | Distance |
---|---|---|---|
4747 S Tamiami Trl, Sarasota, FL 34231 | PK-5 | 2.2 mi | |
3636 S Shade Ave, Sarasota, FL 34239 | 6-8 | 3 mi | |
2155 Bahia Vista St, Sarasota, FL 34239 | 9-12 | 4.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 527 Beach Rd
Date
Details
Price
Change
Source
5/13/2024
Listed
$3,545,000
154.12%
MLS
3/01/2021
Sold
$1,395,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 527 Beach Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$22,791
73%
$1,965,200
87%
2021
$13,137
-36%
$1,049,200
-39%
2022
$20,428
55%
$1,706,900
77%
2021
$13,137
12%
$964,100
19%
2019
$11,745
3%
$812,970
10%
2018
$11,442
10%
$739,064
-12%
2017
$10,362
17%
$842,900
23%
2016
$8,887
6%
$687,000
24%
2015
$8,414
14%
$555,269
10%
2014
$7,363
11%
$504,790
10%
2013
$6,648
—
$458,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 527 Beach Rd
527 Beach Road, Sarasota, FL 34242 (MLS# G5082108) is a Duplex property with 4 bedrooms and 0 full bathrooms. 527 Beach Road is currently listed for $3,545,000 and was received on May 13, 2024. Want to learn more about 527 Beach Road? Do you have questions about finding other Duplex real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.