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About This Home
This 4-bedroom, 0-bathroom multi-family at 527 BEACH ROAD in SARASOTA, FL is listed for $2,975,000 ($1,650 per sqft). Built in 1985, the home offers 1,803 sqft of living space on a 0.17 acres lot.
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.
Key Features
- Built in 1985
- 0.17 acre lot
Property Details
Monthly Cost Estimate
$15,911/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
527 BEACH ROAD
SARASOTA, FL 34242
SARASOTA BEACH
Features & Amenities
Interior Features
Exterior Features
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 4-bedroom, 0-bathroom multi-family at 527 BEACH ROAD is listed at $2,975,000 ($1,650/sqft). The estimated monthly payment is $12,892 based on 20% down at 6.5% interest.
Key features include: Built in 1985, 0.17 acre lot. Interior Features: Cathedral Ceiling(s), Open Floorplan. Exterior Features: Outdoor Grill, Outdoor Shower.
This property is listed by Steven Koleno and can be reached at 8442392663 or contact@beycome.com.
