523 BEACH ROAD
SARASOTA, FL 34242

Property

Furnished: YES
Ownership: Fee Simple
Type: Duplex
Bedrooms: 19 BR
Bathrooms: 12
Pets: Pets Allowed
Area: 6972 sq ft
Lot Size: 0.5 Acres

Financials

Price:$8,249,000
Annual Taxes:$38,822
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of CORCORAN DWELLINGS REALTY

EXCLUSIVE SIESTA KEY INVESTMENT OPPORTUNITY 9 INCOME PRODUCING RENTAL UNITS 7 Percent CAP RATE STEPS from SIESTA KEY BEACH !

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).

Amenities

  • Balcony
  • Cable Connected
  • Ceiling Fans(S)
  • Coastalconstruction Control Line
  • Dishwasher
  • Dryer
  • Electricity Connected
  • Electric Water Heater
  • Exhaust Fan
  • Flood Insurance Required
  • Freezer
  • Microwave
  • Other
  • Public
  • Range
  • Refrigerator
  • Sewer Connected
  • Sidewalk
  • Split Bedroom
  • Stone Counters
  • Vaulted Ceiling(s)
  • Washer

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.