Residential In Sarasota
- 6 Beds
- 4 Baths
- 2,050 Sqft
- 4,565 Sqft lot
- Updated: Today
- Source: Stellar MLS MLS#TB8541886
About the Property
The property generated $393,000 in gross income in 2023, $350,000 in 2024 (with two months of downtime due to hurricane impact), and $308,977 in 2025 (still down from hurricane related effects), with 2026 year to date income of $214,000 through July, offering strong and proven cash flow.
Recent improvements include new AC (2025), updated flooring (2024 to 2025), modernized plumbing (2024), electrical upgrades (2022), and refreshed hot tubs (2021).
What truly sets this property apart is its Commercial General (CG) zoning with a special exemption allowing nightly rentals, a rare and highly valuable designation on Siesta Key that protects the short term rental use. This zoning also unlocks significant redevelopment potential, including the possibility to construct an approximately 85 foot building with ground floor parking, 11 two bedroom units, and a rooftop pool.
Property is part of a very successful Airbnb portfolio consisting of three duplexes with cap rates exceeding 10 percent. Please inquire for details.
-
Property type
House
-
Floors
2
-
Year built
1965
-
Price/sqft
$1,312
Features
- Jacuzzi
- Gas Stovetop
- Duplex
- Outdoor Living Space
- Stone Countertops
- Gate
- Renovated
- Investment Property
- Water View
Lot
- Water View
- Duplex
- Investment Property
- Renovated
Indoor
- Air Conditioning
- Gas Stovetop
- Jacuzzi
- Bar
- Laundry Room
- Stone Countertops
Outdoor
- Terrace
- Balcony
- Outdoor Living Space
- Gate
- Garden
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Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.
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