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Geri Scheckner

geri@gerimail.com +1(941) 356-0652

$ 2,890,000

Est. payment | -/mo

6 Beds

4 Baths

1,998 SqFt

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$ 2,890,000

Est. payment | -/mo

Save Virtual Tour

6 Beds

4 Baths

1,998 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,998 sqft

Price per Sqft $1,446

Subdivision Sarasota Beach

MLS Listing ID O6377280

Bedrooms 6

HOA Y/N No

Year Built 1965

Annual Tax Amount $13,996

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Duplex

Source Stellar MLS

Property Description

Discover an exceptional income-generating property in the heart of coveted Siesta Key! This fully renovated multi-unit compound features two spacious 3-bedroom, 2-bathroom units (one upstairs, one downstairs), with an impressive $393,000 gross income in 2023 and $350,000 in 2024 (despite hurricane-related downtime), this turnkey investment provides immediate cash flow. The property boasts recent upgrades including brand-new AC (2025), updated flooring (2024-2025), modernized plumbing (2024), electrical (2022), and refreshed hot tubs (2021). What sets this opportunity apart is its CG zoning with a special exemption for nightly rentals—a rare advantage that not only protects your rental business but also unlocks significant development potential. Future possibilities include constructing an 85-foot building with ground-floor parking, 11 two-bedroom units, and a stunning rooftop pool. 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 10% management fee with all staff staying in place. Can by purchased as a portfolio along with 6550 Sabal Drive.

Location

State FL

County Sarasota

Community Sarasota Beach

Area 34242 - Sarasota/Crescent Beach/Siesta Key

Zoning CG

Interior

Interior Features Primary Bedroom Main Floor, Sauna

Heating Electric

Cooling Central Air

Fireplace false

Laundry Inside

Exterior

Exterior Feature Lighting, Outdoor Grill, Outdoor Shower, Sauna

Pool Above Ground

Utilities Available Cable Connected, Electricity Connected, Water Connected

Roof Type Shingle

Garage false

Private Pool Yes

Building

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Other

Water Public

Structure Type Block,Frame

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, Other, VA Loan

Listing Terms Cash, Conventional, FHA, Other, VA Loan

Special Listing Condition None

Virtual Tour https://www.zillow.com/view-imx/88170685-c779-447a-ae59-db83f16e8ad6?setAttribution=mls\u0026wl=true\u0026initialViewType=pano\u0026utm_source=dashboard"} and https://www.zillow.com/view-imx/55734def-14e3-4cb3-9930-9f6bd338f903?setAttribution=mls\u0026wl=true\u0026initialViewType=pano\u0026utm_source=dashboard

Listed by Steven Koleno BEYCOME OF FLORIDA LLC

Nearby Locations

+1(941) 356-0652

geri@gerimail.com

5218 Station Way, Sarasota, Florida, 34233, United States

5228 CALLE MENORCA Sarasota, FL 34242

Geri Scheckner

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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5228 CALLE MENORCA