$1,299,900
Pending

1132 CRESCENT STREET

Sarasota, FL 34242
Browse 30 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Under contract-accepting backup offers. Prime investment opportunity in an unbeatable location! Just steps from the world-renowned Siesta Key Beach, this property is zoned for residential multi-family and offers fantastic short-term rental potential, 7 days minimum. Build a brand-new, high-income duplex for a steady year-round revenue stream. The current house had extensive flood damage, it is a tear down. County approval is in place to construct a new duplex, and the existing home already functions as a duplex with individual electrical panels and two separate lanais.
The oversized pool adds tremendous value, a new pool motor was installed. The fully fenced backyard provides the perfect retreat with ample privacy. The two spacious driveways can accommodate up to 10 vehicles, and the paved backyard is ideal for entertaining. Siesta Key boasts a thriving vacation rental market as the #1 ranked beach in the U.S. Plus, the Siesta Key Breeze Trolley—a free ride service—has a convenient stop right at the next house.
This is the most affordably priced multi-family lot on the Key—don’t miss out on this incredible opportunity!

  • Property Details
      • Utility FeaturesCable Available, Cable Connected, Electricity Available, Fire Hydrant, Public
      • Elementary SchoolPhillippi Shores Elementary
      • Lot DescriptionNear Public Transit, Paved
      • SubdivisionPOINT OF ROCKS TERRACE ADD
      • Middle SchoolBrookside Middle
      • High SchoolSarasota High
      • Sewer InformationPublic Sewer
      • Original List Price$1,299,900
      • Property TypePurchase
      • CountySarasota
      • MLS #A4628101
      • MLS #A4628101
      • Cost1299900
      • Utility SourcePublic
      • Taxes Annual$6,256
      • ViewPool
      • Property SubtypeLand
      • Acres0.2
      • Pets AllowedYes
      • Days on Market (Cumulative)40

Location

Sharon LongReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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