Listing Courtesy of: 
STELLAR / Coldwell Banker Realty / Christa Spalding - Contact: 941-349-4411
STELLAR / Coldwell Banker Realty / Christa Spalding - Contact: 941-349-4411 1123 Crescent Street 1123/1125 Sarasota, FL 34242
Active (1 Days)
$1,525,000 (USD)
OPEN HOUSE TIMES
-
OPENSat, Jan 1712 noon - 3:00 pm
-
OPENSun, Jan 1812 noon - 2:00 pm
Description
MLS #:
A4678397
A4678397
Taxes
$13,721(2025)
$13,721(2025)
Lot Size
7,500 SQFT
7,500 SQFT
Type
Multifamily
Multifamily
Year Built
1968
1968
County
Sarasota County
Sarasota County
Listed By
Christa Spalding, Coldwell Banker Realty, Contact: 941-349-4411
Source
STELLAR
Last checked Jan 15 2026 at 3:59 PM GMT+0000
STELLAR
Last checked Jan 15 2026 at 3:59 PM GMT+0000
Bathroom Details
Interior Features
- Solid Surface Counters
- Living Room/Dining Room Combo
- Walk-In Closet(s)
- Window Treatments
- Ceiling Fans(s)
- Thermostat
- Primary Bedroom Main Floor
Subdivision
- Point O Rocks Terrace Add
Property Features
- Foundation: Slab
Heating and Cooling
- Central
- Central Air
Pool Information
- In Ground
- Heated
- Lighting
Exterior Features
- Stucco
- Roof: Other
Utility Information
- Utilities: Cable Connected, Water Connected, Water Source: Public, Bb/Hs Internet Available, Electricity Connected, Sewer Connected
- Sewer: Public Sewer
Living Area
- 1,708 sqft
Additional Information: Siesta Key | 941-349-4411
Location
Disclaimer: Listings Courtesy of “My Florida Regional MLS DBA Stellar MLS © 2026. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any other purpose other than to identify properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Last Updated: 1/15/26 07:59
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.