FL
Sarasota
SARASOTA
34242
1123 CRESCENT STREET 1123/1125
1123 CRESCENT STREET 1123/1125, SARASOTA, FL 34242
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Listing Type
Multi Family
Listing Status
Active
61
$1,525,000

Home Details for 1123 CRESCENT STREET 1123/1125

Price
$1,525,000
Type
Residential Income
Bedrooms
4
Bathrooms
4.0
Square feet
1708
Year built
1968
Lot size acres
0.17
County
Sarasota
Garage
Days on site
0
MLS Listing#
A4678397
Property Description

EXCEPTIONALLY RARE Siesta Key Income Property | Zoned for DAILY Rentals — a true Siesta Key Unicorn. This rare 4-bedroom, 4-bath duplex offers a unique opportunity to acquire a short-term rental asset just a short stroll from the world-famous white sands of Siesta Key Beach, one of the most supply-constrained and consistently in-demand vacation markets in Florida. Configured as two fully renovated 2BR/2BA residences, this property delivers unmatched flexibility—ideal as a high-performing investment, 1031 replacement property, vacation home, or personal residence with income potential. Zoned for DAILY rentals—a highly limited and valuable designation on Siesta Key—the property is currently operated as a professionally managed short-term rental with future bookings in place. Designed for both guest appeal and operational efficiency, each unit features open-concept living spaces, updated kitchens, in-unit laundry, durable tile flooring throughout, and tasteful coastal furnishings. The property is being sold fully furnished and turnkey, allowing for a seamless transition of ownership with no operational downtime. Outdoor amenities further support strong occupancy and repeat bookings, including a fenced, heated pool, tropical landscaping, lounging and dining areas, and a private grilling space. Four dedicated off-street parking spaces (two per unit) add a meaningful competitive advantage in this highly desirable beach location. Professionally operated as a vacation rental since 2020, the property has achieved documented gross rental income approaching $200,000 annually. A temporary decline in late 2024 and early 2025 was event-driven rather than demand-driven, due to regional hurricane-related cancellations. Travel demand to Siesta Key is now rebounding, and bookings are steadily returning—positioning the property for revenue normalization and potential growth consistent with prior peak years. Whether you are a short-term rental investor, 1031 exchange buyer, or an owner seeking to blend lifestyle with income, this property offers a rare combination of location, zoning, resilience, and upside in one of Florida’s most desirable coastal markets. Detailed income and expense reports available upon request. Buyer to verify exchange eligibility and tax treatment with qualified advisors. Private showings by appointment only.

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Property Features
  • Utilities
    • Cable Available
    • Cable Connected
    • Electricity Connected
    • Sewer Connected
    • Water Connected
  • Cooling Information
    • Central Air
  • Heating Information
    • Central
  • Water Features
    • Public
  • House Interior
    • Walk-In Closet(s)
Listing Courtesy: COLDWELL BANKER REALTY - 941-349-4411
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2026 MLS GRID. All Rights Reserved.
Last Updated: 2026-01-15 00:31:55
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EXIT BAYSHORE REALTY
201 E. Davis Blvd, Tampa, FL 33606
Shelley Lafko
License #: 3527727
Sales Representative
Office
813 839 6869
Agent
719 963 9510
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