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1132 Crescent Street

SARASOTA, FL 34242

– beds
– baths
1,174 sqft
8,722 sqft lot
$1,107 per sqft
1956 build
– on site

Exceptional investment opportunity in a prime location! Just steps away from the iconic Siesta Key Beach, this property is zoned for residential multi-family use and offers excellent short-term rental potential with a 7-day minimum. Imagine building a brand-new, high-earning duplex to generate steady income all year. County approval is already secured for a new duplex, and the current structure is set up as a duplex house with separate electrical panels and two private lanais. The property sustained significant flood damage from the recent hurricanes, resulting in the removal of all kitchen appliances. It currently requires extensive repairs, or you have the option to start fresh with a complete rebuild. The oversized pool adds fantastic appeal and convenience, complete with a recently installed motor, and the fully fenced backyard offers a private oasis for relaxation. With two generous driveways that fit up to 10 cars, plus a paved backyard perfect for gatherings and entertainment, this property is designed for relaxation. The property is in walking distance from the beach. Siesta Key enjoys a strong vacation rental market as the top-rated beach in the U.S., investment properties are in high demand. Vacationers enjoy the free Siesta Key Breeze Trolley that stops just next door and offers transportation to the Village. This is the most competitively priced multi-family property on the Key—don’t let this incredible opportunity pass by!

Listing courtesy of STELLAR_MLS / OFFERMATE REAL ESTATE

Last checked: Checking… • Last updated Nov 14, 2024 •

MLS# A4628096 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1956
New Construction:

false
Construction Materials:

Block
Levels:

One
Roof:

Membrane
Foundation Details:

Slab
Patio And Porch Features:

Covered
# of Buildings:

1
Building Area Total:

2098
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Ceiling Fan(s)
Flooring:

Terrazzo
Fireplace:

false

Room Dimensions

Living Area:

1174
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

From Midnight Pass Rd turn onto Crescent St, the property will be on your left side.
Latitude:

27.246104
Longitude:

-82.531421
Coordinates:

-82.531421, 27.246104

The Property

Parcel Number:

0108170006
Property Type:

Residential Income
Property Subtype:

Duplex
Property Condition:

Fixer
Property Attached:

false
Lot Features:

FloodZone
Lot Size Acres:

0.2
Lot Size Area:

8722
Lot Size SqFt:

8722
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
View:

Pool
View:

true
Exterior Features:

Irrigation System
Water Source:

Public
Green Landscaping:

Fl. Friendly/Native Landscape
Road Responsibility:

Public Maintained Road
Road Surface Type:

Paved
Road Frontage Type:

Street Paved
Flood Zone Code:

AE
Additional Parcels:

false
Homestead:

false
Lease Restrictions:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

4
Tax Legal Description:

LOT 4 POINT OF ROCKS TERRACE ADD
Tax Book Number:

0006/0007
Tax Annual Amount:

6256.95

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Available
Sewer:

Public Sewer

Appliances

Laundry Features:

Inside

Schools

Elementary School:

Phillippi Shores Elementary
Middle Or Junior School:

Brookside Middle
High School:

Sarasota High

The Community

Subdivision Name:

POINT OF ROCKS TERRACE ADD
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Spa:

false
Pool Private:

true
Pool Features:

Gunite
Pets Allowed:

Yes
Pet Restrictions:

No restrictions.
# of Pets:

10+
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Attached Garage:

false
Carport:

true
Carport Spaces:

1
Covered Spaces:

1
Open Parking:

true
Parking Features:

Driveway

Extra Units

# of Units Total:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Frontier

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
11/7/24 Nov 7, 2024	Listed / Active	STELLAR_MLS	$1,299,900	188.9% (18.4% / YR)
5/23/24 May 23, 2024	Price Changed	STELLAR_MLS
4/18/24 Apr 18, 2024	Listed / Active	STELLAR_MLS

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This multifamily located in Sanderling Beach, FL 34242 is currently for sale for $1,299,900. 1132 Crescent Street is a 1,174 square foot multifamily with – beds and – baths that has been on Estately for 10 days. 1132 Crescent Street is in the Sanderling Beach neighborhood of SARASOTA and has a WalkScore® of 41, making it car-dependent. This multifamily is in the attendance area of Brookside Middle School, Phillippi Shores Elementary School, and Sarasota High School.

Listing Courtesy of: STELLAR_MLS and OFFERMATE REAL ESTATE.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.