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Active Residential

527 BEACH ROAD

Sarasota, FL 34242

STELLAR #O6384340 Updated: May 15, 2026, 6:08pm
$3,195,000
4 Beds • 3 Baths • 1,803 SqFt
Property
ActiveResidential
1/46
$3,195,000

527 BEACH ROAD

Sarasota, FL 34242
4
Beds
3
Baths
1,803
SqFt
0.17
Acres
STELLAR
#O6384340
Updated: May 15, 2026, 6:08pm

Property Description

Discover an exceptional income-generating property in the heart of coveted Siesta Key right on Beach Road! This fully renovated raised multi-unit compound features a spacious 2-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathrooom unit (side by side). An impressive gross income in 2023 and n 2024 (despite hurricane-related downtime), this turnkey investment provides immediate cash flow. Note: This property is zoned an RMF (Residential Multifamily) and is legally able to accept nightly rentals. The property boasts recent upgrades including new AC (2022), updated flooring (2025), modernized plumbing (2022), electrical (2022), and hot tubs (2022). This amazing opportunity is the best cap rate on any house on Siesta Key. Whether you're seeking a high-performing Airbnb rental portfolio or a strategic redevelopment opportunity in one of Florida's most desirable beach destinations, this property delivers both immediate income and long-term appreciation potential. Absentee owner managed; turnkey operation available at on a management fee with all staff staying in place. This house already has engineering drawings to enclose the bottom area adding 2,000 additonal square foot, that would increase rent by or more. This property could be purchased as a portfolio with 5228 Calle Menorca and 6550 Sabal Road.
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Property Details

Interior
Cooling
Central Air
Heating
Central
Interior Features
Cathedral Ceiling(s)Open Floorplan
Laundry Features
In KitchenLaundry Room
Living Area
1803
Construction
Building Area Units
Square Feet
Construction Materials
Wood Frame (FSC Certified)
Foundation Details
Pillar/Post/Pier
Living Area Source
Owner
Living Area Units
Square Feet
Number Of Units Total
2
Roof
Shingle
Year Built
1985
Site & Exterior
Carport Spaces
8
Covered Spaces
8
Exterior Features
Outdoor GrillOutdoor Shower
Flood Zone Code
AE
I D X Participation
Yes
Lot Size Acres
0.17
Lot Size Area
7379
Lot Size Square Feet
7379
Lot Size Units
Square Feet
Public Survey Range
17
Public Survey Section
12
Road Surface Type
Gravel
Sewer
Public Sewer
Total Acreage
0 to less than 1/4
Utilities
Cable ConnectedElectricity ConnectedSewer ConnectedWater Connected
Water Source
Public
Zoning
RMF1
Financials
Calculated List Price By Calculated Sq Ft
1772.05
Contract Status Change Date
2026-02-20
Current Price
3195000
Feed Types
BBO
Owner Name
CHAD J WAITES
Ownership
Fee Simple
Parcel Number
0082120010
Public Survey Township
37
Tax Annual Amount
18981
Tax Block
21
Tax Book Number
1-76
Tax Legal Description
LOT 25, BLK 21, SARASOTA BEACH
Tax Lot
25
Tax Year
2025

Neighborhood & Lifestyle

Community & Association
M L S Area Major
34242 - Sarasota/Crescent Beach/Siesta Key
S W Subdiv Community Name
Sarasota Beach
Subdivision Name
SARASOTA BEACH
Listing provided courtesy of STELLAR via IDX. Updated: May 15, 2026, 6:08pm.
Steven Koleno

Listing Agent

BEYCOME OF FLORIDA LLC

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