523 BEACH ROAD
Sarasota, FL 34242
$8,249,000
EXCLUSIVE SIESTA KEY INVESTMENT OPPORTUNITY | 9 INCOME-PRODUCING RENTAL UNITS | 7+ Percent CAP RATE | STEPS from SIESTA KEY BEACH! An exceptional opportunity to acquire TWO adjacent income-producing properties at 523 BEACH ROAD and 530 CANAL ROAD, ideally located just a one-minute walk from Siesta Key Beach and five minutes from the vibrant Siesta Key Village. The portfolio comprises 9 established vacation rental units, including 7 on Beach Road and 2 on Canal Road, accommodating couples, families, and larger groups.
Significant improvements have enhanced both properties, with five of the nine units reportedly fully renovated and additional upgrades completed through 2025. Key features include: modernized interiors, kitchens, and appliances, new HVAC systems installed in 2025, impact-resistant windows, heated swimming pool and tropical landscaping, private outdoor areas, BBQ facilities, and outdoor showers, 25+ parking spaces, complimentary beach amenities. This is A TURNKEY HOSPITALITY INVESTMENT. The properties offer an established short-term rental operation with professional management, strong visibility across major booking platforms, and a history of returning guests. Combining an exceptional location, recently upgraded accommodations, and an attractive 7+ Percent CAP rate, this portfolio presents a compelling opportunity to invest in one of Florida’s most desirable vacation destinations. Financial statements, operating performance, and supporting documentation are available to qualified buyers upon execution of a Non-Disclosure (NDA).
Listing Courtesy of: CORCORAN DWELLINGS REALTY
941-200-4663
| Listing Id: | A4713034 |
|---|---|
| List Price: | $8,249,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Duplex |
| Status: | Active |
| Bedrooms Total: | 19 |
| Bathrooms Full: | 12 |
| Living Area: | 6,972 |
| Tax Annual Amount: | $38,822 |
| Lot Size Square Feet: | 21,412 |
| Lot Size Acres: | 0.49 |
| Waterfront?: | No |
| City: | Sarasota |
| County Or Parish: | Sarasota |
| Subdivision Name: | Sarasota Beach |
| Postal Code: | 34242 |
| Year Built: | 1928 |
| Number Of Units Total: | 9 |
| Additional Parcels?: | Yes |
| Appliances: | Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Microwave, Range, Refrigerator, Washer |
| Bathrooms Total Integer: | 12 |
| Building Area Source: | Public Records |
| Building Area Total: | 7670 |
| Building Area Units: | Square Feet |
| Carport?: | No |
| Foundation Details: | Slab |
| Construction Materials: | Stucco |
| Cooling: | Central Air |
| Fireplace Features: | Other |
| Directions: | From Siesta Key's north bridge, continue south on Higel Avenue, follow the road onto Ocean Boulevard, and continue toward Siesta Key Village and Beach Road. Proceed to 523 Beach Road, Sarasota, FL 34242. The sale also includes the nearby property at 530 Canal Road, Sarasota, FL 34242. |
| Elementary School: | Phillippi Shores Elementary |
| Exterior Features: | Balcony |
| Flooring: | Laminate |
| Furnished: | Furnished |
| Garage?: | No |
| Gross Income: | $1,100,000 |
| Heating: | Central |
| High School: | Sarasota High |
| Interior Features: | Ceiling Fans(s), Split Bedroom, Stone Counters, Vaulted Ceiling(s) |
| Laundry Features: | Inside, Laundry Room |
| Lease Term: | 6-12 Month |
| Levels: | Two |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Features: | CoastalConstruction Control Line, Flood Insurance Required, Sidewalk |
| Lot Size Acres: | 0.49 |
| Postal Code Plus4: | 1946 |
| Middle Or Junior School: | Brookside Middle |
| MLS Area Major: | 34242 - Sarasota/Crescent Beach/Siesta Key |
| MLS Area Major: | 34242 - Sarasota/Crescent Beach/Siesta Key |
| Other Structures: | Gazebo |
| Original List Price: | $8,249,000 |
| Parcel Number: | 0082120009 |
| Parking Features: | Guest, Off Street, Open, Oversized |
| Patio And Porch Features: | Porch |
| Pets Allowed: | Yes |
| Pool Features: | In Ground, Heated |
| Township: | 37 |
| Road Surface Type: | Concrete, Gravel, Paved |
| Roof: | Shingle |
| Listing Terms: | Cash, Conventional |
| Tax Year: | 2025 |
| Senior Community?: | No |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Additional Parcels Description: | 0082120001 |
| Association?: | No |
| Financial Data Source: | Owner |
| Utilities: | Cable Connected, Electricity Connected, Public, Sewer Connected |
| Water Source: | Public |
| Number Of Lots: | 2 |
| Public Survey Range: | 17 |
| Public Survey Section: | 12 |
| Zoning: | RMF1 |
| Annual Net Income: | 0.00 |
| Available For Lease Yn: | Yes |
| Building Area Total Srch Sq M: | 712.57 |
| Calculated List Price By Calcula: | 1183.16 |
| Cddyn: | No |
| Flood Zone Code: | AE |
| Green Verification Count: | 0 |
| Homestead Yn: | No |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 647.72 |
| Lot Size Square Meters: | 1989 |
| Minimum Lease: | 1-7 Days |
| Sdeo yn: | No |
| Sw Subdiv Community Name: | Sarasota Beach |
| Total Acreage: | 1/4 to less than 1/2 |
| Total Num Buildings: | 3 |
| Unit Count: | 3 |
| Unit Number Yn: | No |
| Water Access: | Canal - Saltwater |
| Water Access Yn: | Yes |
| Water Extras Yn: | No |
| Water View: | No |
| Association 2 Yn: | 0 |
| Attribution Contact: | 941-200-4663 |
| Originating System Name : | Stellar MLS |
| Dock Yn: | No |
| Green Energy Generation Yn: | No |
| Listing Contract Date: | 2026-11-14 |
| Fireplace?: | Yes |
| Pool Private?: | Yes |
| New Construction?: | No |
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Property Last Updated: November 15, 2026 03:45 AM - ET
