$1,125,000
$1,299,900
13.5%For more information regarding the value of a property, please contact us for a free consultation.
8,712 Sqft Lot
SOLD DATE : 01/13/2025
Key Details
Sold Price $1,125,000
Property Type Vacant Land
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Subdivision Point Of Rocks Terrace Add
MLS Listing ID A4628101
Sold Date 01/13/25
Construction Status No Contingency
HOA Y/N No
Originating Board Stellar MLS
Annual Tax Amount $6,256
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 70' x 124.6'
Property Description
Prime investment opportunity in an unbeatable location! Just steps from the world-renowned Siesta Key Beach, this property is zoned for residential multi-family and offers fantastic short-term rental potential, 7 days minimum. Build a brand-new, high-income duplex for a steady year-round revenue stream. The current house had extensive flood damage, it is a tear down. County approval is in place to construct a new duplex, and the existing home already functions as a duplex with individual electrical panels and two separate lanais.
The oversized pool adds tremendous value, a new pool motor was installed. The fully fenced backyard provides the perfect retreat with ample privacy. The two spacious driveways can accommodate up to 10 vehicles, and the paved backyard is ideal for entertaining. Siesta Key boasts a thriving vacation rental market as the #1 ranked beach in the U.S. Plus, the Siesta Key Breeze Trolley—a free ride service—has a convenient stop right at the next house.
This is the most affordably priced multi-family lot on the Key—don't miss out on this incredible opportunity!
Location
State FL
County Sarasota
Community Point Of Rocks Terrace Add
Exterior
Fence Fenced
Utilities Available Cable Available, Cable Connected, Electricity Available, Fire Hydrant, Public
View Pool
Building
Lot Description Near Public Transit, Paved
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Construction Status No Contingency
Schools
Elementary Schools Phillippi Shores Elementary
Middle Schools Brookside Middle
High Schools Sarasota High
Others
Pets Allowed Yes
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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