Homes for sale - 1132 CRESCENT ST, Sarasota, FL 34242

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Andrea Stultz Wood

andrea.stultz@engelvoelkers.com +1(941) 929-6529

$ 1,299,900

Est. payment -/mo

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Pending

1132 CRESCENT ST Sarasota, FL 34242

1,174 SqFt

UPDATED:

12/19/2024 10:13 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Square Footage 1,174 sqft

Price per Sqft $1,107

Subdivision Point Of Rocks Terrace Add

MLS Listing ID A4628096

Construction Status No Contingency

HOA Y/N No

Originating Board Stellar MLS

Year Built 1956

Annual Tax Amount $6,256

Lot Size 8,712 Sqft

Acres 0.2

Property Description

Under contract-accepting backup offers. Exceptional investment opportunity in a prime location! Just steps away from the iconic Siesta Key Beach, this property is zoned for residential multi-family use and offers excellent short-term rental potential with a 7-day minimum. Imagine building a brand-new, high-earning duplex to generate steady income all year. County approval is already secured for a new duplex, and the current structure is set up as a duplex house with separate electrical panels and two private lanais. The property sustained significant flood damage from the recent hurricanes, resulting in the removal of all kitchen appliances. It currently requires extensive repairs, or you have the option to start fresh with a complete rebuild.
The oversized pool adds fantastic appeal and convenience, complete with a recently installed motor, and the fully fenced backyard offers a private oasis for relaxation. With two generous driveways that fit up to 10 cars, plus a paved backyard perfect for gatherings and entertainment, this property is designed for relaxation. The property is in walking distance from the beach. Siesta Key enjoys a strong vacation rental market as the top-rated beach in the U.S., investment properties are in high demand. Vacationers enjoy the free Siesta Key Breeze Trolley that stops just next door and offers transportation to the Village.
This is the most competitively priced multi-family property on the Key—don't let this incredible opportunity pass by!

Location

State FL

County Sarasota

Community Point Of Rocks Terrace Add

Interior

Interior Features Ceiling Fans(s), Living Room/Dining Room Combo

Heating Central, Wall Units / Window Unit

Cooling Central Air

Flooring Terrazzo, Travertine

Fireplace false

Laundry Inside

Exterior

Exterior Feature Irrigation System

Parking Features Driveway

Pool Gunite, In Ground

Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Fire Hydrant, Public, Sewer Connected

View Pool

Roof Type Membrane,Other

Porch Covered, Front Porch, Patio, Porch, Screened

Attached Garage false

Garage false

Private Pool Yes

Building

Lot Description FloodZone, City Limits, Near Public Transit, Paved

Entry Level One

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Construction Status No Contingency

Schools

Elementary Schools Phillippi Shores Elementary

Middle Schools Brookside Middle

High Schools Sarasota High

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash

Listing Terms Cash

Num of Pet 10+

Special Listing Condition None

Listed by OFFERMATE REAL ESTATE

Andrea Stultz Wood

Advisor

+1(941) 929-6529

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