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E. "EL" Nisbett

elvnisbett@gmail.com +1(407) 607-0160

$ 1,400,000

Est. payment | -/mo

4 Beds

2 Baths

1,659 SqFt

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$ 1,400,000

Est. payment | -/mo

Save Virtual Tour

4 Beds

2 Baths

1,659 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,659 sqft

Price per Sqft $843

Subdivision Ocean View

MLS Listing ID A4707555

Bedrooms 4

Full Baths 2

Construction Status Completed

HOA Y/N No

Year Built 1953

Annual Tax Amount $7,389

Lot Size 10,454 Sqft

Acres 0.24

Property Sub-Type Single Family Residence

Source Stellar MLS

Property Description

WELCOME TO THE SIDE OF SIESTA KEY YOU NEVER WANT TO LEAVE. Glistening Heron Lagoon stretches peacefully behind this beautifully restored and renovated income producing single family home, while just beyond, the Gulf of Mexico makes its presence known through salty breezes and the sound of waves in the distance. Surrounded by lush tropical greenery on a deep Siesta Key lot, this is an exceptional combination of island lifestyle, 5 Star vacation home with income potential and long term land value. Tax records reflect four bedrooms, with the fourth currently enjoyed as an office, plus two full baths. Single story, built to enhance the open, airy feeling inside, while the home's connection to the outdoors keeps the peaceful lagoon and tropical setting at the center of everyday life. Following the 2024 storms, the home was extensively renovated, fully permitted and improved creating a fresh and beautifully finished property. The new kitchen and baths, gleaming tile floors and light filled interiors are perfectly suited to relaxed island living. Your private pool and spa are surrounded by tropical greenery with the peaceful waters of Heron Lagoon beyond. Spend afternoons by the pool and enjoy spectacular sunset colors. The deep lot provides a wonderful sense of space and privacy, while the substantial brick paver driveway offers abundant parking for owners and guests, an increasingly valuable feature on Siesta Key and an important advantage for a successful vacation rental. For the investor or second home buyer, the opportunity becomes even more compelling. This highly sought after vacation rental generates approximately $114,000 in annual gross rental revenue despite being only self managed by an out of state owner. It offers an established income stream with the flexibility to enjoy the property yourself, creating the possibility of owning a Siesta Key getaway that can also work for you when you are away. Prior to the extensive restoration and improvements that followed, the property received an appraisal with an opinion of value of $1,300,000 as of September 2024. Since that time, substantial additional work and improvements were completed. What cannot be duplicated is the setting and the land. A deep single family homesite on Siesta Key overlooking Heron Lagoon, surrounded by tropical greenery with the Gulf just beyond offers tremendous possibilities. Continue its successful vacation rental use, make it your island getaway, enjoy it as a full time residence, or hold an increasingly scarce piece of Siesta Key real estate for the future. The property offers approximately 1,625 square feet of living area, four bedrooms per tax records, two full baths, a garage, private pool and spa, dock, covered outdoor living space, and extensive brick paver parking. Glistening lagoon views. Gulf breezes and the sound of the waves. Tropical privacy. Deep lot. Generous parking. Proven rental income. Extensive post storm restoration and renovation. Long term Siesta Key land value. This is more than a successful vacation rental. It is a beautiful single family home, an island escape, an income producing property and an opportunity to own a special piece of Siesta Key. Property documentation reflects a 2017 roof, 2020 plumbing re pipe, 2021 water heater and 200 amp electrical service. Flood insurance is 8,734.00 per year, Homeowners insurance is 7,788 per year and there is no HOA. Come for the opportunity. Stay because you may never want to leave.

Location

State FL

County Sarasota

Community Ocean View

Area 34242 - Sarasota/Crescent Beach/Siesta Key

Zoning RSF2

Rooms

Other Rooms Family Room, Great Room

Interior

Interior Features Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Walk-In Closet(s), Window Treatments

Heating Central, Electric, Heat Pump

Cooling Central Air

Flooring Carpet, Ceramic Tile

Furnishings Furnished

Fireplace false

Appliance Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer

Laundry In Garage

Exterior

Exterior Feature Rain Gutters

Parking Features Driveway, Garage Door Opener, Guest

Garage Spaces 1.0

Fence Fenced

Pool Gunite, In Ground, Screen Enclosure

Community Features Sidewalks

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

Waterfront Description Lagoon

View Y/N Yes

Water Access Yes

Water Access Desc Lagoon

View Trees/Woods, Water

Roof Type Shingle

Porch Deck, Enclosed, Screened

Attached Garage true

Exposure East

Garage true

Private Pool Yes

Building

Lot Description In County, Landscaped, Near Public Transit, Private, Sidewalk, Paved

Entry Level One

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Architectural Style Florida, Ranch

Structure Type Frame,Wood Siding

New Construction false

Construction Status Completed

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, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://youtu.be/a4CO-rwb6NI?si=5pDBoXFwcFzrmGyS

Listed by Dawn Bear WILLIAM RAVEIS - FLORIDA LLC

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+1(407) 607-0160

elvnisbett@gmail.com

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8302 MIDNIGHT PASS RD Sarasota, FL 34242