Description
Multi-Family Opportunity! SHORT TERM Rentals allowed! TWO properties on ONE oversized lot just shy of 1/2 an Acre! A 1961 single family home and a 1925 historical Siesta Key cottage! Located in the City of Sarasota limits which allows short term rentals and is non HOA. RARE opportunity for the right buyer to renovate the two existing homes and turn them into income producing properties or a full time homestead with guest house. Main homes a 2016 Metal ROOF with 2 bedrooms, 1 bath (there is a partial bathroom that needs completion) with a large room in the back that can easily be converted into a third bedroom. The guest house is a 1925 cottage from Siesta Key designated historical with plaque that can be provided. Being historical the property cannot be demolished or removed WITHOUT approval from the historical society. The cottage is a 2 bedroom, 1 bathroom and will need the kitchen built out and other updates. Window units in the cottage for air conditioning and being sold as-is.Large wooden custom shed conveys and could potentially be converted into an ADU, buyer will need to confirm with city. The community is a non HOA community located minutes to downtown Sarasota and close to everything! The Legacy Trail access isolated at the back of the neighborhood and there is potential expansion that will run behind this property. Final decision on that project should be announced Summer 2024.
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4BEDS
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0.46ACRES
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2BATHS
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11/2 BATHS
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1,800SQFT
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$231$/SQFT
School Ratings & Info
Description
Multi-Family Opportunity! SHORT TERM Rentals allowed! TWO properties on ONE oversized lot just shy of 1/2 an Acre! A 1961 single family home and a 1925 historical Siesta Key cottage! Located in the City of Sarasota limits which allows short term rentals and is non HOA. RARE opportunity for the right buyer to renovate the two existing homes and turn them into income producing properties or a full time homestead with guest house. Main homes a 2016 Metal ROOF with 2 bedrooms, 1 bath (there is a partial bathroom that needs completion) with a large room in the back that can easily be converted into a third bedroom. The guest house is a 1925 cottage from Siesta Key designated historical with plaque that can be provided. Being historical the property cannot be demolished or removed WITHOUT approval from the historical society. The cottage is a 2 bedroom, 1 bathroom and will need the kitchen built out and other updates. Window units in the cottage for air conditioning and being sold as-is.Large wooden custom shed conveys and could potentially be converted into an ADU, buyer will need to confirm with city. The community is a non HOA community located minutes to downtown Sarasota and close to everything! The Legacy Trail access isolated at the back of the neighborhood and there is potential expansion that will run behind this property. Final decision on that project should be announced Summer 2024.
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