$2,185,000
About this home
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.
Highlights
Property details
- MLS #
- MFRTB8548050
- Property type
- Half Duplex
- Subdivision
- SABAL PALMS
- Status
- Active
- Days on market
- 1
- On market date
- September 11, 2026
- Stories
- N/A
- Total bathrooms
- 3
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.21 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 700
- Student:teacher ratio
- 14.6:1
- District
- SARASOTA
- Enrollment
- 760
- Student:teacher ratio
- 15.8:1
- District
- SARASOTA
- Enrollment
- 2,542
- Student:teacher ratio
- 20.7:1
- District
- SARASOTA
Walkability
Blended score for SARASOTA's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in SARASOTA, from live MLS data.
Mortgage calculator
Estimate only - actual rate and payment depend on your lender, credit, and loan program.
Adjust tax / insurance estimates
Similar homes you might like
Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 12 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.