1761 SIESTA DR & 1760 WISCONSIN LN Sarasota, FL 34239
10 Beds
8 Baths
4,435 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,435 sqft
Price per Sqft $541
Subdivision Bayview
MLS Listing ID A4688714
Bedrooms 10
HOA Y/N No
Year Built 1949
Annual Tax Amount $9,642
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Triplex
Source Stellar MLS
Property Description
Exceptional opportunity to own a fully leased multifamily property just minutes from world-famous Siesta Key Beach. Located on Siesta Drive—the gateway to Siesta Key—this offering includes two adjacent triplexes on two separate lots, with potential to expand to 8 units. The property features a versatile mix of 1BR, 2BR, 3BR, and studio layouts, ideal for maximizing rental income.
Zoned for weekly rentals (7-day minimum) within city limits, this property offers strong income potential with a blend of long-term tenants and proven short-term rental performance (Airbnb 5-star host/seasonal).
Recent upgrades include newer roofs (2016–2017), new siding, updated A/C units, hot water heaters (2021+), appliances, exterior plumbing, fencing, and security lighting/cameras. Professionally landscaped grounds enhance curb appeal. On-site laundry with the ability to add laundry to every unit. Tenants pay utilities with 7 separate water and electric meters.
Situated just blocks from the North Bridge and within walking distance to shopping, dining, and everyday conveniences. Located in an X flood zone – NO flood insurance required, and Level D evacuation zone. Ample parking for up to 17 vehicles, plus space for boats, kayaks, and recreational toys.
Buy one or both – must be sold simultaneously:
1761 Siesta Dr & 1760 Wisconsin Ln – a rare high-income investment package on Siesta Key.
Strong financials: ~7.45% cap rate, under $20K in annual expenses, and projected income of $175K–$200K+ with upside potential.
Do not disturb tenants. Showings by appointment only; listing agent must accompany all showings.
Location
State FL
County Sarasota
Community Bayview
Area 34239 - Sarasota/Pinecraft
Zoning RMF2
Interior
Interior Features Built-in Features, Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Solid Surface Counters, Solid Wood Cabinets, Window Treatments
Heating Central, Electric
Cooling Central Air, Mini-Split Unit(s), Wall/Window Unit(s)
Flooring Terrazzo, Tile, Vinyl
Fireplaces Type Family Room, Living Room
Fireplace true
Appliance Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Laundry Common Area, Electric Dryer Hookup, Laundry Closet, Outside, Washer Hookup
Exterior
Exterior Feature Fence, Lighting, Private Entrance, Private Mailbox, Private Yard, Storage
Parking Features Assigned, Common
Utilities Available Electricity Connected, Fiber Optics, Private, Sewer Connected, Water - Multiple Meters, Water Connected
Roof Type Shingle
Porch Covered, Front Porch, Patio, Porch, Rear Porch, Side Porch
Garage false
Private Pool No
Building
Lot Description In County, Landscaped, Near Public Transit, Private, Street One Way, Paved
Entry Level One
Foundation Block, Concrete Perimeter, Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction false
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4688714
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