Sold

1204 DERBY LN

SARASOTA FL, 34242

$4,600,000


$652.20 per sqft

Sold

7,053 sqft

Multi-family

Built in 2017

Unique Investment and Vacation Rental Property in the Heart of Siesta Key! This high-end modern duplex set up as a 10 bedroom/10 bathroom vacation rental with a rare deeded private access to Siesta beach. Successful buyer will get an ideal vacation rental property with a revenue opportunity of $600K+ pa.

Duplex - built in late 2017 - has 2 units, each with a separate entrance and its own heated pool. Each unit has 3 ensuite bedrooms, 1 flex room, and a guest suite on the first floor by the pool and 4.5 bathrooms. Each unit can be rented as 5 bedrooms, 4.5 bathrooms to accommodate 10 guest groups or the whole house can be rented as 10 bedrooms, 10 bathrooms to lucrative 20+ guests groups. Duplex's zoning as RMF2 allows amazing flexibility with daily and weekly rentals.

Units are tastefully designed with high ceilings, hurricane-resistant windows, wood-look tile flooring, designer kitchens with extra-large islands with granite countertops, high-end stainless appliances, and plenty of cabinets for storage. Each ensuite bedroom has a private bath. The primary bedroom is spacious with a spa-like bath with a freestanding tub and separate shower and access to the expansive balcony with amazing sunset views. Copy and paste to watch video with the property's location: https://player.vimeo.com/video/671558406


Each unit also includes a private elevator and private two-car garage and plenty of outdoor parking. 2nd-floor unit is sold fully furnished and 3rd is partially furnished.
The 2nd-floor unit (5 bedrooms with pool-side suite) is top rental on VRBO / Airbnb for the last 2 years and did $200K in rental revenue in 2021. It is already fully booked through the end of July 2022 and sellers will pass all rentals to the successful buyer once the deal is closed.

Don't miss your opportunity to acquire already proven and profitable vacation rental property in the center of Siesta Key! Start making a solid rental income on your first day as a new owner! Either manage it yourself or outsource all work to top Siesta Key vacation rental management company - the choice is yours!

T3351041

MLS ID

January 31, 2022

Listed

March 22, 2024

Updated

Map

1204 DERBY LN
SARASOTA FL, 34242

Interior Features

Total Stories

3


Interior Features

Built-in Features, Eat-in Kitchen, Elevator, High Ceilings, Kitchen/Family Room Combo, Master Bedroom Main Floor, Open Floorplan, Thermostat, Walk-In Closet(s), Window Treatments


Appliances

Bar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Gas Water Heater, Ice Maker, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator


Laundry Description

Laundry Room


Floor Description

Ceramic Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Electric, Natural Gas

Exterior/Building Features

Lot Size

0.25 Acres


Exterior Features

Balcony, Fence, Irrigation System, Outdoor Grill, Outdoor Kitchen, Outdoor Shower, Rain Gutters, Sidewalk, Sliding Doors, Sprinkler Metered


Lot Features

Corner Lot


Roof

Metal


Sewer

Public Sewer

School Information

High School

Sarasota High


Elementary School

Phillippi Shores Elementary

Other Property Details

Area Name

34242 - Sarasota/Crescent Beach/Siesta Key


Taxes

$32,172


Tax Frequency

Annually


Days on Market

29


Garage

Yes


Garage Spaces

4


Parking

Driveway, Garage Faces Rear, Off Street


View

Yes


View Description

Pool, Water


County

Sarasota


Municipality

37S


Water Source

Public


Pool

Yes


Pool Features

Heated, In Ground


Zoning

RMF2


Buyer Agency Compensation

2.5%

Listed by Marcia Van Ginhoven, with REDFIN CORPORATION
Listing Contact: 704-497-0664 

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Data last updated 3/22/2024, 3:53 AM UTC

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