NOT LISTED FOR SALE

657 Beach Rd Sarasota, FL 34242

Estimated Value: $2,981,000 - $4,583,258

6 Beds
4 Baths
3,940 Sq Ft
$1,008/Sq Ft Est. Value

Sale Details

Date Sold: February 25, 2022

Last sale price $4,900,000 $1,244 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $25,900 / mo

13 Days on Market

About This Home

As of February 2022

The dream is now complete. Directly on Beach Road, across the street from the shimmering white crystal sands of Siesta Beach! This amazing 2020 built, nearly new construction is now completely finished inside and out! Two separate private pools have just been completed for each residence to enjoy, plus a new roof top deck with breathtaking views of Siesta Beach and the Gulf waters beyond...See sunsets like never before! The entire property is now turn key furnished and ready for investors or owners to enjoy. Buy one unit or both! Unit A is for sale for $2.55 million and Unit B is for sale for $2.85 million. The full building can be purchased for $5 million. This gleaming contemporary duplex has 2 units each deeded separately. Showcasing two, 3 bedroom, 2 1/2 bath units, each with views to the Gulf of Mexico and Siesta Beach. Each unit has its own private elevator for owner/renter convenience and the stunning spiral staircase leads the way to the incredible roof top deck. Quality construction boasts full 3-story poured concrete and block, with steel interior studs. high-impact windows, hurricane rated doors, full fire sprinkler system in place, private garages for each unit, ground level back covered patios lead to the sparkling new heated pools with a privacy fence between units. Upscale finishes and nearly new furnishings cover every need right down to linens, dishes, beach gear, grills, and more. This duplex is fully ready to be rented tomorrow! Nightly rentals permitted and weekly rates average between $4,000 - $8,000 per unit depending on season. Vacasa Rental Estimate for the combined units is $337,326 for 2022. Location, location, location with coveted nightly rental area, beach access across the street, and just a short stroll into Siesta Key Village for nightly music, restaurants, bars and shops makes this one of the nicest locations on the Key. Set up your private showing soon.

Last Agent to Sell the Property

Daniel Charney

GULF SHORES REALTY ERA POWERED License #3369160 Listed on: 01/19/2022

GULF SHORES REALTY ERA POWERED

Co-Listed By

Daniel Charney & Brian Corson

GULF SHORES REALTY ERA POWERED License #3369159

Last Buyer's Agent

Kari Crites

GALLERY PROPERTIES INTERNATIONAL License #3405457

Property Details

Home Type

  • Multi-Family

Year Built

  • 2020

Lot Details

  • 10,890 Sq Ft Lot

Parking

  • 2

Property Views

  • Beach
  • Full Gulf or Ocean
  • Partial Bay or Harbor

Community Details

  • Sarasota Beach Community

Listing and Financial Details

Property Details

Home Type

Multi-Family

Year Built

2020

Lot Details

0.25 Acres

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Carport Y N: No
  • Co List Office Mls Id: 284511480
  • Co List Office Phone: 941-488-6644
  • Directions: Beach Road to property on Siesta Key. Property is on the east side of the street.
  • Garage Yn: Yes
  • New Construction: No
  • Ownership: Fee Simple
  • Road Surface Type: Asphalt
  • Subdivision Name: SARASOTA BEACH
  • Water Body Name: Gulf Of Mexico
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4521853?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4521853?w=Customer
  • Unit Count: 1
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.98
  • Price per Sq Ft: 1243.65
  • Close to Original List Price Ratio: 0.98
  • Special Features: NewHome
  • Year Built: 2020

Interior Features

  • Fireplace: No
  • Interior Amenities: Eating Space In Kitchen, Elevator, Kitchen/Family Room Combo, Solid Surface Counters
  • Number Of Buildings: 1

Exterior Features

  • Roof: Membrane
  • Exterior Features: Fenced, Irrigation System, Outdoor Grill
  • Foundation Details: Slab, Stilt/On Piling
  • Property Condition: Completed
  • Construction Type: Block
  • Pool Features: Heated, In Ground
  • Pool Private: Yes
  • Waterfront: No
  • Water View: Beach, Gulf/Ocean - Full, Gulf/Ocean - Partial
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Additional Water Information: Each unit offers views to Siesta Key beach and the Gulf of Mexico. The rooftop deck has beautiful views of both!

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: No

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 5500
  • Zoning: RMF1
  • Flood Zone Code: VE

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 29533.21
  • Tax Block: 25
  • Tax Book Number: 1-76
  • Tax Lot: 14
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2022
Closed on
Feb 25, 2022
Sold by
Beachwood Capital Llc
Bought by
Ninas Dream Realty Llc
Seller's Agent
Daniel Charney
GULF SHORES REALTY ERA POWERED
Buyer's Agent
Kari Crites
GALLERY PROPERTIES INTERNATIONAL
List Price
$5,000,000
Sold Price
$4,900,000
Premium/Discount to List
-$100,000
-2%
Current Estimated Value
$4,594,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$305,341
Avg. Annual Appreciation
-5.00%

Purchase Details

Closed on
Oct 5, 2020
Sold by
Scottish American On Siesta Llc
Bought by
Beachwood Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,229,500
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 20, 2018
Sold by
Dear Richard
Bought by
Scottish American On Siesta Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 22, 2005
Sold by
Coleman Jean N
Bought by
Dear Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
8.25%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jan 30, 1998
Sold by
Mcknight Kandy L
Bought by
Hanford Anne
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ninas Dream Realty Llc $4,900,000 Berlin Patten Ebling Pllc
Beachwood Capital Llc $3,185,000 Attorney
Scottish American On Siesta Llc $474,500 Attorney
Dear Richard $850,000 --
Hanford Anne -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beachwood Capital Llc $2,229,500
Previous Owner Scottish American On Siesta Llc $600,000
Previous Owner Dear Richard $680,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2022 02/25/22 Sold $4,900,000 -2.0% $1,244 / Sq Ft
01/22/2022 01/22/22 Pending -- -- --
01/09/2022 01/09/22 For Sale $5,000,000 -- $1,269 / Sq Ft
Source: Stellar MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,876 $4,443,200 $1,219,700 $3,223,500
2024 $17,317 $4,701,800 $1,540,000 $3,161,800
2023 $53,179 $4,504,100 $1,414,100 $3,090,000
2022 $34,948 $3,070,600 $1,299,500 $1,771,100
2021 $30,432 $2,427,200 $788,900 $1,638,300
2020 $9,298 $744,100 $744,100 $0
2019 $10,931 $850,800 $793,600 $57,200
2018 $10,913 $849,300 $793,600 $55,700
2017 $4,995 $402,734 $0 $0
2016 $5,002 $581,500 $495,200 $86,300
2015 $5,096 $594,100 $518,700 $75,400
2014 $5,077 $296,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4521853

Stellar MLS

APN: 0107-03-0036

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