Presenting a rare opportunity for savvy investors seeking an exceptional blend of upscale living and lucrative rental income. We proudly introduce this meticulously crafted duplex nestled within Sarasota's sought-after South Highland enclave. This impeccably appointed property, zoned RSF3, epitomizes refined coastal living, situated on a tranquil cul-de-sac with a meticulously landscaped, fully fenced backyard sanctuary.
Radiating exclusivity, this income-producing gem is strategically positioned just steps from Sarasota's acclaimed dining and leisure destinations, including Walt's Fish Market Restaurant, Trader Joe's, Demetrio's Pizza, the prestigious Field Club, and the captivating Sarasota Bayfront. Access to Siesta Key Beach is effortless via nearby bridges, combining convenience with coastal charm for an unparalleled lifestyle and potential return on investment.
This duplex offers an enticing investment opportunity with a 30-day rental minimum and potential for up to 12 rentals annually, adhering to County Zoning regulations. Free from flood zones, homeowner associations, or community development districts, this property offers unparalleled freedom and flexibility, ensuring an investment unencumbered by restrictive covenants or additional fees.
Beyond its prime location and regulatory advantages, the property showcases contemporary elegance following a meticulous renovation. Each unit features two bedrooms, two full baths, and a private outdoor retreat on each side surrounded by lush foliage—a haven for relaxation and rejuvenation. Gourmet kitchens in each unit boast quartz countertops and sleek shaker-style cabinetry, complemented by spa-inspired bathrooms with marble accents and glass shower doors. Updated HVAC systems, wood-look tile flooring, and custom plantation shutters blend style with functionality.
Outside, residents, guests, and renters enjoy a coastal paradise with swaying palm trees, sandy expanses, and lush landscaping creating a perpetual vacation ambiance. The fully fenced property offers complete privacy and features cedar outdoor rainfall showers, ideal for enjoying the outdoors in comfort and style. Sold fully furnished, this turnkey opportunity capitalizes on Sarasota's thriving vacation rental market with a history of top-tier guest reviews.
Combining sophistication with profitability, this duplex epitomizes the quintessential Florida lifestyle—an oasis of tranquility and an unparalleled investment opportunity. With no deed restrictions, ample space allows for RVs, boat parking, and more on the expansive 60-foot-wide, 125-foot-deep lot. Recent updates include new AC units, appliances, washers, dryers, and water heaters in 2021, with a shingle roof installed in 2009. Being sold as seen, turnkey furnished.
Seize this chance to own a rare cash flow property in one of Sarasota's most desirable neighborhoods. The blend of upscale living, prime location, and lucrative rental potential makes this duplex a standout investment in the thriving Sarasota real estate market. Don't miss out on this rarely available duplex for sale—an exceptional opportunity for discerning investors and homeowners alike.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,050,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $840,000 | $840,000 | $840,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.375% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.387% | 6.498% | 6.413% |
Monthly Tax Payment | $541 | $541 | $541 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,241 | $5,241 | $7,202 |
Total Monthly Payment | $5,907 | $5,907 | $7,868 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.