$1,125,000
$1,299,900
13.5%For more information regarding the value of a property, please contact us for a free consultation.
1,174 SqFt
SOLD DATE : 01/13/2025
Key Details
Sold Price $1,125,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,174 sqft
Price per Sqft $958
Subdivision Point Of Rocks Terrace Add
MLS Listing ID A4628096
Sold Date 01/13/25
Construction Status No Contingency
HOA Y/N No
Originating Board Stellar MLS
Year Built 1956
Annual Tax Amount $6,256
Lot Size 8,712 Sqft
Acres 0.2
Property Description
Exceptional investment opportunity in a prime location! Just steps away from the iconic Siesta Key Beach, this property is zoned for residential multi-family use and offers excellent short-term rental potential with a 7-day minimum. Imagine building a brand-new, high-earning duplex to generate steady income all year. County approval is already secured for a new duplex, and the current structure is set up as a duplex house with separate electrical panels and two private lanais. The property sustained significant flood damage from the recent hurricanes, resulting in the removal of all kitchen appliances. It currently requires extensive repairs, or you have the option to start fresh with a complete rebuild.
The oversized pool adds fantastic appeal and convenience, complete with a recently installed motor, and the fully fenced backyard offers a private oasis for relaxation. With two generous driveways that fit up to 10 cars, plus a paved backyard perfect for gatherings and entertainment, this property is designed for relaxation. The property is in walking distance from the beach. Siesta Key enjoys a strong vacation rental market as the top-rated beach in the U.S., investment properties are in high demand. Vacationers enjoy the free Siesta Key Breeze Trolley that stops just next door and offers transportation to the Village.
This is the most competitively priced multi-family property on the Key—don't let this incredible opportunity pass by!
Location
State FL
County Sarasota
Community Point Of Rocks Terrace Add
Interior
Interior Features Ceiling Fans(s), Living Room/Dining Room Combo
Heating Central, Wall Units / Window Unit
Cooling Central Air
Flooring Terrazzo, Travertine
Fireplace false
Laundry Inside
Exterior
Exterior Feature Irrigation System
Parking Features Driveway
Pool Gunite, In Ground
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Fire Hydrant, Public, Sewer Connected
View Pool
Roof Type Membrane,Other
Porch Covered, Front Porch, Patio, Porch, Screened
Attached Garage false
Garage false
Private Pool Yes
Building
Lot Description FloodZone, City Limits, Near Public Transit, Paved
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status No Contingency
Schools
Elementary Schools Phillippi Shores Elementary
Middle Schools Brookside Middle
High Schools Sarasota High
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Num of Pet 10+
Special Listing Condition None
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Bought with WHITE SANDS PARADISE REALTY
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