1761 Siesta Drive, SARASOTA, FL 34239
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Priced at Only: $1,100,000
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Address: 1761 Siesta Drive, SARASOTA, FL 34239
Property Location and Similar Properties
- MLS#: A4688614 ( Residential Income )
- Street Address: 1761 Siesta Drive
- Viewed: 9
- Price: $1,100,000
- Price sqft: $491
- Waterfront: No
- Year Built: 1949
- Bldg sqft: 2242
- Bedrooms: 4
- Total Baths: 4
- Days On Market: 15
- Additional Information
- Geolocation: 27.303 / -82.5344
- County: SARASOTA
- City: SARASOTA
- Zipcode: 34239
- Subdivision: Bayview
- Provided by: COLDWELL BANKER REALTY
- Contact: Danielle Dietrich, PA
- 941-366-8070

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DescriptionSiesta Key Triplex High Yield, Weekly Rental Zoned Investment! Concrete triplex in city limits featuring one 2BR/2BA and two 1BR/1BA units with long term tenants in place...immediate cash flow from day one. Proven income of $65K$85K annually with low overhead expenses (taxes, insurance, landscaping only). Tenants pay all utilities with separate electric & water meters for each unit. Weekly rental zoning in city limits is a major upside for short term income potential. Ideal for investors looking to significantly increase returns or house hack by living in one unit and renting the others. Recent upgrades include new A/C systems, water heaters, appliances, security cameras, exterior lighting, and tropical landscaping. Solid concrete construction in Evacuation Zone D and NO flood insurance is required. Prime location just minutes to Siesta Key Beach, walking distance to dining, shopping, and essentials. Quick access on/off the key only 2 blocks to North Bridge. Value add opportunity: Purchase adjacent property at 1760 Wisconsin Lane to scale to a 7+ unit portfolio with potential six figure+ income. Why buy just one when you can buy both! Strong in place income makes this a rare Siesta Key investment. Do not disturb tenants. Showings by appointment only; listing agent must accompany all showings.
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Building and Construction
- Covered Spaces: 0.00
- Exterior Features: Lighting, Private Entrance, Storage
- Flooring: Terrazzo, Tile, Vinyl
- Living Area: 2020.00
- Roof: Shingle
Land Information
- Lot Features: In County, Landscaped, Near Public Transit, Private, Street One Way, Paved
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
- Parking Features: Assigned, Common, Driveway, Guest
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air, Mini-Split Unit(s), Wall/Window Unit(s)
- Heating: Central, Electric
- Pets Allowed: Yes
- Sewer: Public Sewer
- Utilities: Electricity Connected, Fiber Optics, Private, Sewer Connected, Water - Multiple Meters, Water Connected
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Tax Year: 2025
Rental Information
- Tenant Pays: Electricity, Water
Other Features
- Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Country: US
- Furnished: Unfurnished
- Interior Features: Built-in Features, Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Solid Surface Counters, Solid Wood Cabinets, Window Treatments
- Legal Description: LOT 25 BLK B BAYVIEW
- Levels: One
- Area Major: 34239 - Sarasota/Pinecraft
- Occupant Type: Tenant
- Parcel Number: 2039100047
- Zoning Code: RMF2
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