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+14077481326
Century 21 Carioti
523 Beach Road, Siesta Key, FL 34242
- $8,249,000
- 19
- BD
- 12
- BA
- 6,972
- SqFt
- List Price
- $8,249,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- A4713034
- Subtype
- Residential Income
- Style
- Two Story
- Year Built
- 1928
- Bedrooms
- 19
- Bathrooms
- 12
- Living Area
- 6,972
- Lot Size
- 21,412
- Acres
- 0.49
- Subdivision
- Sarasota Beach
- MLS Area Major
- Sarasota/Crescent Beach/Siesta Key
Property 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).
Additional Information
- Interior Features
- Ceiling Fans(s), Split Bedroom, Stone Counters, Vaulted Ceiling(s)
- Exterior Features
- Balcony
- Financing
- Cash, Conventional
- Location
- CoastalConstruction Control Line, Flood Insurance Required, Sidewalk
- Community Features
- No Deed Restriction
- Property Description
- Two Story
- Zoning
- RMF1
- Appliances
- Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Microwave, Range, Refrigerator, Washer
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Stucco
- Exterior Features
- Balcony
- Levels
- Two
- Roof
- Shingle
- Foundation
- Slab
- Pool
- Yes
- Pool Type
- In Ground, Heated
- Parking
- Guest, Off Street, Open, Oversized
- Parking Features
- Guest, Off Street, Open, Oversized
- Garage Features
- Guest, Off Street, Open, Oversized
- Elementary School
- Phillippi Shores Elementary
- Middle School
- Brookside Middle
- High School
- Sarasota High
Listing courtesy of CORCORAN DWELLINGS REALTY. 941-200-4663
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