527 BEACH ROAD Sarasota, FL $ 2,799,000
527 BEACH ROAD
$ 2,799,000
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527 BEACH ROAD

Sarasota, FL, 34242
$ 2,799,000
Bedrooms4 Baths3.0 Sq 1,803

Monthly Estimate*

$ 17,673

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Apartment for sale in Sarasota, FL

for $2,799,000 with 4 bedrooms and 3 full baths. This 1,803 square foot apartment was built in 1985 on a lot size of 0.17.

Prime investment opportunity directly on prestigious Beach Road in Siesta Key. This fully renovated, raised multi unit property offers strong short term rental income potential in one of Florida's most desirable coastal markets. The side by side duplex features a spacious 2 bedroom, 2 bathroom unit and a 2 bedroom, 1 bathroom unit. Zoned RMF and legally permitted for nightly rentals, making it ideal for vacation rental investors. The current owner is available to continue managing the property for the next owner at only a 10 percent fee, with staff, cleaning crew, and maintenance vendors already in place. The property generated $393,000 in gross income in 2023, $323,000 in 2024 (with two months of downtime due to hurricane impact), and $291,000 in 2025 (still down from hurricane related effects), with 2026 year to date income of $192,000 through July. Recent updates include new AC systems in 2022, updated flooring in 2025, modernized plumbing in 2022, full electrical upgrades in 2022, and private hot tubs installed at each unit in 2022. Additional upside exists with completed engineering drawings to enclose the lower level, adding approximately 2,000 square feet and significant rental income potential. Just steps from the sand and close to Siesta Key Village shops and restaurants, this is a rare chance to own an income producing property in one of the top beach destinations in the country. Property is part of a very successful Airbnb portfolio consisting of three duplexes with cap rates exceeding 10 percent. Please inquire for details.

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Apartment Active

Price

$ 2,799,000

Bedrooms

4

Full Bath

3

Property Type

Apartment

Taxes

$ 18,980

Style

1/2 Duplex

Lot Size

0.17

Year Built

1985

Town/City

Sarasota

County/Region

Sarasota

MLS | Web ID

TB8542235

Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air
Utilities Cable Available Electricity Connected Sewer Connected
Possession Close Of Escrow
Roof Shingle
Appliances Dishwasher Dryer Microwave Range Refrigerator
Zoning RMF1
Construction Materials Wood Siding
Year Built 1985
Levels Two
Property Subtype 1/2 Duplex
Tax Year 2025
Ownership Fee Simple
County Sarasota
New Construction false
Property Type Residential
Attached Garage false
Subdivision Name SARASOTA BEACH
Facing Direction Southeast
Garage Y/N false
Total Rooms 3
Full Baths 3
Status Active
Directions Continue on FL-72 E. Drive to Beach Rd in Siesta Key Turn left onto FL-72 E Use any lane to turn right onto Midnight Pass Rd Continue onto Beach Rd
City SARASOTA
Senior Community Y/N false
MLS Area 34242 - Sarasota/Crescent Beach/Siesta Key
Lot Size Units Square Feet
Lot Size Square Feet 7379
Carport Spaces 4
Carport Y/N true
Listing Terms Cash Conventional Owner May Carry
Land Lease Y/N false
Tax Annual Amount 18980.97
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8542235
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Tax Lot 25
Legal Description LOT 25 BLK 21 SARASOTA BEACH
Minimum Lease No Minimum
Water Access Y/N false
Water View Y/N false
Flood Zone Code AE*
In Law Suite YN false
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Interior
Interior Amenities Cathedral Ceiling(s) Living Room/Dining Room Combo Open Floorplan
Flooring Vinyl
Furnished Y/N Negotiable
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Laundry Features Laundry Room
Total Bedrooms 4
Total Baths 3
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Exterior
Exterior Amenities Outdoor Grill Outdoor Shower
Water Source Public
Lot Size Area 7379
Foundation Details Slab
Building Area Total 1803
Lot Size Acres 0.17
Road Surface Type Gravel
Private Pool false
Waterfront Y/N false
Covered Spaces 4
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* Excluded Features
List By
stevef@e-loanmortgage.com

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Affordability Calculator

$19,255
Per Month
92%
8%
0%
Monthly Principal & Interest
$17,673
Monthly Property Taxes
$1,582
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/27/2026$2,799,000 Listed Price

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527 BEACH ROAD, Sarasota, FL, 34242 is a Apartment for sale at $2,799,000 with 1,803 sqft and a lot size of 0.17. 527 BEACH ROAD has 4 bedrooms, 3.0 baths, and was built in 1985. The property's zip code is 34242 which is in Sarasota, FL