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  • MLS#: O6384340 ( Residential Income )
  • Street Address: 527 Beach Road
  • Viewed: 11
  • Price: $3,395,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1985
  • Bldg sqft: 0
  • Bedrooms: 4
  • Total Baths: 3
  • Garage / Parking Spaces: 8
  • Days On Market: 10
  • Additional Information
  • Geolocation: 27.2705 / -82.559
  • County: SARASOTA
  • City: SARASOTA
  • Zipcode: 34242
  • Subdivision: Sarasota Beach
  • Provided by: BEYCOME OF FLORIDA LLC
  • Contact: Steven Koleno
  • 804-656-5007
  • mfrmls
  • DMCA Notice
  • Description
    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.
Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 8.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Outdoor Grill
  2. Outdoor Shower
Garage Spaces
  1. 0.00
Heating
  1. Central
Insurance Expense
  1. 0.00
Interior Features
  1. Cathedral Ceiling(s)
  2. Open Floorplan
Legal Description
  1. LOT 25
  2. BLK 21
  3. SARASOTA BEACH
Living Area
  1. 1803.00
Area Major
  1. 34242 - Sarasota/Crescent Beach/Siesta Key
Net Operating Income
  1. 0.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 0082120010
Property Type
  1. Residential Income
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2025
Township
  1. 37
Utilities
  1. Cable Connected
  2. Electricity Connected
  3. Sewer Connected
  4. Water Connected
Views
  1. 11
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/O6384340
Water Source
  1. Public
Year Built
  1. 1985
Zoning Code
  1. RMF1