1132 Crescent Street, Sarasota, FL 34242
- $1,125,000
- 1,174
- SqFt
- Sold Price
- $1,125,000
- List Price
- $1,299,900
- Status
- Sold
- Days on Market
- 62
- Closing Date
- Jan 13, 2025
- MLS#
- A4628096
- Property Style
- Duplex
- Year Built
- 1956
- Living Area
- 1,174
- Lot Size
- 8,722
- Acres
- 0.20
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Point Of Rocks Terrace Add
- Community Name
- Point Of Rocks
- MLS Area Major
- Sarasota/Crescent Beach/Siesta Key
Property Description
Exceptional investment opportunity in a prime location! Just steps away from the iconic Siesta Key Beach, this property is zoned for residential multi-family use and offers excellent short-term rental potential with a 7-day minimum. Imagine building a brand-new, high-earning duplex to generate steady income all year. County approval is already secured for a new duplex, and the current structure is set up as a duplex house with separate electrical panels and two private lanais. The property sustained significant flood damage from the recent hurricanes, resulting in the removal of all kitchen appliances. It currently requires extensive repairs, or you have the option to start fresh with a complete rebuild. The oversized pool adds fantastic appeal and convenience, complete with a recently installed motor, and the fully fenced backyard offers a private oasis for relaxation. With two generous driveways that fit up to 10 cars, plus a paved backyard perfect for gatherings and entertainment, this property is designed for relaxation. The property is in walking distance from the beach. Siesta Key enjoys a strong vacation rental market as the top-rated beach in the U.S., investment properties are in high demand. Vacationers enjoy the free Siesta Key Breeze Trolley that stops just next door and offers transportation to the Village. This is the most competitively priced multi-family property on the Key—don’t let this incredible opportunity pass by!
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Additional Information
- Taxes
- $6256
- Minimum Lease
- 1 Week
- Location
- FloodZone, City Limits, Near Public Transit, Paved
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Interior Layout
- Ceiling Fans(s), Living Room/Dining Room Combo
- Interior Features
- Ceiling Fans(s), Living Room/Dining Room Combo
- Floor
- Terrazzo, Travertine
- Utilities
- Cable Available, Cable Connected, Electricity Available, Electricity Connected, Fire Hydrant, Public, Sewer Connected
- Heating
- Central, Ductless
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Roof
- Membrane, Other
- Foundation
- Slab
- Pool
- Private
- Pool Type
- Gunite, In Ground
- Garage Carport
- 1 Car Carport
- Garage Features
- Driveway
- Elementary School
- Phillippi Shores Elementary
- Middle School
- Brookside Middle
- High School
- Sarasota High
- Pets
- Allowed
- Flood Zone Code
- AE
- Parcel ID
- 0108170006
- Legal Description
- LOT 4 POINT OF ROCKS TERRACE ADD
Listing courtesy of OFFERMATE REAL ESTATE.
Selling Office: WHITE SANDS PARADISE REALTY.Mortgage Calculator
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