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19 Beds
12 Baths
6,972 sqft

$8,249,000

523 BEACH RD, SARASOTA FL, 34242

Price per sqft$1,183.16
Built in1928
Property size6,972 sqft
Property typeMulti-family
Courtesy of CORCORAN DWELLINGS REALTY, Kristina Bregu  Listing Contact: 941-200-4663

Overview

Active

Listed Nov 14, 2026

Updated 1h ago

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).

$54,881/mo

Est. mortgage payment based on a $8,249,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
A4713034

Interior Features

Bedrooms
19
Bathrooms
12
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.49 Acres

Other Property Details

Taxes
$38,822
Tax Frequency
Annually
Association Fee Frequency
Monthly
Municipality
37
Pets Allowed
Yes
Furnished
Yes
Pool
Yes
55+/Senior Community
No

Listings courtesy of Stellar MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Wendy Egan shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 4:14 AM UTC on 11/15/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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