location_onSARASOTA, FL 34242 · Sarasota County
Discover an exceptional income-producing property in the heart of Siesta Key. This fully renovated multi-unit property features a spacious 3-bedroom, 2-bathroom unit and a 1-bedroom, 1-bathroom unit located side by side, creating an ideal setup for short-term rental income. The property generated $270,000 in gross income in 2023, $264,000 in 2024, $221,891 in 2025, and $176,349 from January through July of this year, even with hurricane related downtime, making this a turnkey investment with immediate cash flow. The property is zoned RMF (Residential Multifamily) and is legally permitted for nightly rentals, a rare and highly desirable zoning designation on Siesta Key. Recent upgrades include brand new AC (2025), updated flooring (2025), modernized plumbing (2025), electrical upgrades (2025), and hot tubs installed (2023). With its proven rental history and strong income potential, this property offers one of the best cap rate opportunities currently available on Siesta Key. is part of a very successful Airbnb portfolio consisting of three duplexes with cap rates exceeding 10 percent. Please inquire for details.
Appliances
Flooring
Cooling
Heating
Construction
Roof
Pool
Steve Fingerman
PEOPLE'S TRUST REALTY
$437,000 down
Loan amount $1,748,000
Estimated monthly principal & interest
$11,049
Estimate excludes taxes, insurance, HOA dues, PMI, lender fees, and financial advice.
PEOPLE'S TRUST REALTY
727-946-0904
