Residential Property - Condominium in Sarasota
SOLD for $3,500,000 on June 25, 2021
Listing Price: $3,750,000Sold Price: $3,500,000Sold Price/List Price: 93%
Sold Price/Original List Price: 88.05%
Description of Property
Income-Property on Siesta Key. 1132 & 1136 being sold together. Duplex-type 2 unit land condo, with deeded beach access at the end of Windsong Lane. Each townhome side boasts 6 bedrooms and 5 baths, with private elevators, swimming pools on the 4th floor decks and roof-top sun porches. Side A has 4 garages and Side B has 3. Each side is configured so the 2nd floors can serve as 2br/2ba guest apartments. Built like a fortress with 550 yards of concrete and impact glass for almost complete noise and heat insulation. Central gas to property for pools, oven/ranges, etc. All balconies have gas, water and electric. Instant electric water heaters in units. Each floor has separate a/c system. Allows nightly rentals and being sold turn-key. Qualified Siesta Key property management agents project $450K to $500K annual gross income, for this Great user/investor property. Grounds are primarily paver brick and artificial grass. Perfect for renting to large groups like wedding parties, family reunions and friends wanting to stay close. Rental agents anticipate high demand due to the lack of competing large properties. Great cash flow potential!
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Condominium
City: Sarasota
County: Sarasota
Subdivision: Salerno Villas
Bedrooms: 12
Bathrooms: 10
Sq. Ft. Gross: 17,726
Sq. Ft. Living Area: 9,576
Cost per (heated) sqare foot: $392
Year built: 2015
Annual Tax: $14,508
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances:
- Dishwasher
- Dryer
- Microwave
- Range
- Refrigerator
- Washer
Fireplace: Yes
Fireplace Features: Gas, Living Room
Additional Rooms: Bonus Room
Flooring: Ceramic Tile, Hardwood
Schools
Elementary School: Phillippi Shores Elementary
Middle/Junior High School: Brookside Middle
High School: Sarasota High
Pool & Waterfront Info
Private Pool: Yes
Pool Features: In Ground
Water Access: Yes
Water Access Type: Beach - Access Deeded
Water Name: Gulf Of Mexico
Exterior & Construction
Architectural Style: Custom
Construction: Block, Concrete
Foundation: Slab
Roof: Metal
Exterior Features: Fenced
Garage: Yes
Garage Spaces: 5
Floors Total: 4
Floors in Unit: Three Or More
Cooling: Central Air, Zoned
Heating & Fuel: Central, Zoned
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
- Greenbelt
- Pool
- Water
Fencing:
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Size (acres): 0.23
Lot Size (sq. ft.): 10,000 square feet
Front Exposure: West
Legal Description & Other Information
Financing Available: Cash, Conventional
Parcel Number: 0105139301
Zoning: RMF3
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: UNIT A, SALERNO VILLAS, UNIT B SALERNO VILLAS
Listing courtesy of COLDWELL BANKER REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.