1123 CRESCENT ST #1123/1125 Sarasota, FL 34242
Open House
Sat Jan 17, 12:00pm - 3:00pm
Sun Jan 18, 12:00pm - 2:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,708 sqft
Price per Sqft $892
Subdivision Point O Rocks Terrace Add
MLS Listing ID A4678397
Bedrooms 4
HOA Y/N No
Year Built 1968
Annual Tax Amount $13,721
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Duplex
Source Stellar MLS
Property Description
This rare 4-bedroom, 4-bath duplex offers a unique opportunity to acquire a short-term rental asset just a short stroll from the world-famous white sands of Siesta Key Beach, one of the most supply-constrained and consistently in-demand vacation markets in Florida.
Configured as two fully renovated 2BR/2BA residences, this property delivers unmatched flexibility—ideal as a high-performing investment, 1031 replacement property, vacation home, or personal residence with income potential. Zoned for DAILY rentals—a highly limited and valuable designation on Siesta Key—the property is currently operated as a professionally managed short-term rental with future bookings in place.
Designed for both guest appeal and operational efficiency, each unit features open-concept living spaces, updated kitchens, in-unit laundry, durable tile flooring throughout, and tasteful coastal furnishings. The property is being sold fully furnished and turnkey, allowing for a seamless transition of ownership with no operational downtime.
Outdoor amenities further support strong occupancy and repeat bookings, including a fenced, heated pool, tropical landscaping, lounging and dining areas, and a private grilling space. Four dedicated off-street parking spaces (two per unit) add a meaningful competitive advantage in this highly desirable beach location.
Professionally operated as a vacation rental since 2020, the property has achieved documented gross rental income approaching $200,000 annually. A temporary decline in late 2024 and early 2025 was event-driven rather than demand-driven, due to regional hurricane-related cancellations. Travel demand to Siesta Key is now rebounding, and bookings are steadily returning—positioning the property for revenue normalization and potential growth consistent with prior peak years.
Whether you are a short-term rental investor, 1031 exchange buyer, or an owner seeking to blend lifestyle with income, this property offers a rare combination of location, zoning, resilience, and upside in one of Florida's most desirable coastal markets.
Detailed income and expense reports available upon request. Buyer to verify exchange eligibility and tax treatment with qualified advisors. Private showings by appointment only.
Location
State FL
County Sarasota
Community Point O Rocks Terrace Add
Area 34242 - Sarasota/Crescent Beach/Siesta Key
Zoning RMF1
Interior
Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Thermostat, Walk-In Closet(s), Window Treatments
Heating Central
Cooling Central Air
Fireplace false
Laundry Electric Dryer Hookup, Inside, Laundry Room
Exterior
Exterior Feature Fence, Lighting, Private Yard
Pool Heated, In Ground, Lighting
Utilities Available BB/HS Internet Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Roof Type Other
Garage false
Private Pool Yes
Building
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Stucco
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://drive.google.com/file/d/1AZKDt_QzmQha_TPdu2youdBIu1UUcCPW/view?usp=sharing
GET MORE INFORMATION