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TOUCHSTONE REAL ESTATE

info@touchstonerealestate.com +1(352) 223-0053

$ 1,525,000

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Open Sat 12PM-3PM

1123 CRESCENT ST #1123/1125 Sarasota, FL 34242

4 Beds

4 Baths

1,708 SqFt

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

New Construction false

Property Description

EXCEPTIONALLY RARE Siesta Key Income Property | Zoned for DAILY Rentals — a true Siesta Key Unicorn.
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

Listed by Christa Spalding COLDWELL BANKER REALTY

TOUCHSTONE REAL ESTATE

COMPANY OWNER PAGE | BKCQ1051231

+1(352) 223-0053

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TOUCHSTONE REAL ESTATE

1123 CRESCENT ST #1123/1125 Sarasota, FL 34242

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1123 CRESCENT ST #1123/1125