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$1,525,000
1 Day On Site

1123 CRESCENT STREET 1123/1125
SARASOTA, FL 34242

For Sale|Duplex|Active
4
Beds
4
Total Baths
1,708
SqFt
$893
/SqFt
1968
Built
Subdivision:
POINT O ROCKS TERRACE ADD
County:
Sarasota
Call Now: (239) 286-9606
Is this the listing for you? We can help make it yours.
(239) 286-9606
Upcoming Open Houses
Sat, Jan 17, 12:00 PM - 3:00 PM
Sun, Jan 18, 12:00 PM - 2:00 PM
1123 CRESCENT STREET 1123/11251123 CRESCENT STREET 1123/11251123 CRESCENT STREET 1123/11251123 CRESCENT STREET 1123/1125
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Mortgage Calculator

Monthly Payment (Est.)

$6,958
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

EXCEPTIONALLY RARE Siesta Key Income Property | Zoned for DAILY Rentals — a true Siesta Key Unicorn. This rare 4-bedroom, 4-bath duplex offers a unique opportunity to acquire a short-term rental asset just a short stroll from the world-famous white sands of Siesta Key Beach, one of the most supply-constrained and consistently in-demand vacation markets in Florida. Configured as two fully renovated 2BR/2BA residences, this property delivers unmatched flexibility—ideal as a high-performing investment, 1031 replacement property, vacation home, or personal residence with income potential. Zoned for DAILY rentals—a highly limited and valuable designation on Siesta Key—the property is currently operated as a professionally managed short-term rental with future bookings in place. Designed for both guest appeal and operational efficiency, each unit features open-concept living spaces, updated kitchens, in-unit laundry, durable tile flooring throughout, and tasteful coastal furnishings. The property is being sold fully furnished and turnkey, allowing for a seamless transition of ownership with no operational downtime. Outdoor amenities further support strong occupancy and repeat bookings, including a fenced, heated pool, tropical landscaping, lounging and dining areas, and a private grilling space. Four dedicated off-street parking spaces (two per unit) add a meaningful competitive advantage in this highly desirable beach location. Professionally operated as a vacation rental since 2020, the property has achieved documented gross rental income approaching $200,000 annually. A temporary decline in late 2024 and early 2025 was event-driven rather than demand-driven, due to regional hurricane-related cancellations. Travel demand to Siesta Key is now rebounding, and bookings are steadily returning—positioning the property for revenue normalization and potential growth consistent with prior peak years. Whether you are a short-term rental investor, 1031 exchange buyer, or an owner seeking to blend lifestyle with income, this property offers a rare combination of location, zoning, resilience, and upside in one of Florida’s most desirable coastal markets. Detailed income and expense reports available upon request. Buyer to verify exchange eligibility and tax treatment with qualified advisors. Private showings by appointment only.

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Listing Snapshot
Price 
$1,525,000
Days On Site 
1 Day
Bedrooms 
4
Inside Area (SqFt) 
1,708 sqft
Total Baths 
4
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.17 Acres
Year Built 
1968
MLS® Number 
A4678397
Status 
Active
Property Tax 
$13,721
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
4 hours agoListing updated with changes from the MLS®
16 hours agoStatus changed to Active
yesterdayListing first seen on site
General Features
Acres 
0.17
Foundation 
Slab
Levels 
One
Property Sub Type 
Duplex
Sewer 
Public Sewer
SqFt Total 
2720
Utilities 
Cable AvailableCable ConnectedElectricity ConnectedSewer ConnectedWater Connected
Water Source 
Public
Zoning 
RMF1
Interior Features
Cooling 
Central Air
Heating 
Central
Interior 
Walk-In Closet(s)
Laundry Features 
Electric Dryer HookupInsideLaundry Room
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Exterior Features
Construction Details 
Stucco
Exterior 
LightingPrivate Yard
Pool Features 
HeatedIn GroundPrivate
Private Pool 
Yes
Roof 
Other
Community Features
MLS Area 
34242 - Sarasota/Crescent Beach/Siesta Key
Roads 
Asphalt
Township 
37
Listing courtesy of COLDWELL BANKER REALTY (941) 529-6978



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS.
Last checked: 2026-01-15 11:16 AM EST

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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